Newmark Data Center Capex and Sites
Newmark is the most transaction-active broker in this part, closing almost $17B in data center deals in 2024 and over $25B in trailing-twelve-month data center transaction volumes by Q3 2025. It advised on a $2.3B loan financing a Texas data center tied to OpenAI's Stargate and structured the $7.1B construction loan for the 1.2 GW Abilene, Texas AI campus inside a $15B JV with Crusoe, Blue Owl Capital and Primary Digital Infrastructure. Its 2025 market outlook reported $31.5B in annualized new data center construction spending, an all-time high, and expects data center power demand to exceed utility supply by 50%.
Reported and guided spending
Audited, reported and guided figures as the filing or release states them. Reported lines are what was spent, and guidance is what management expects. They sit side by side and are never combined.
| Period | Kind | Amount | As stated | Sources |
|---|---|---|---|---|
| 2025 outlook (published February 13, 2025) | reported | $31.5B | $31.5B in annualized new data center construction spending, an all-time high. Market-wide construction spending measured by Newmark, not Newmark's own capex. |
|
| Q4 2024 | reported | $9.2B | Q4 2024 industrial volumes across Leasing and Capital Markets were $9.2B, an all-time quarterly best, led by data centers. Transaction volume, not capex. |
|
| FY2024 | reported | $17.0B | Newmark closed almost $17B in data center deals in 2024. Advisory transaction volume, not capex. |
|
| trailing twelve months as of Q3 2025 | reported | ≥$25.0B | Over $25B in trailing-twelve-month data center transaction volumes; Capital Markets revenue up 59.7%, total debt volumes up 129%, investment sales up 67%. Transaction volume, not capex. |
Financing transactions
Transactions that name Newmark as a party or attach to one of its named sites. Amounts are as stated, and overlapping commitments are never summed.
| Parties | Instrument | Amount | Date | Site | Sources |
|---|---|---|---|---|---|
Crusoe + Blue Owl Capital + Primary Digital Infrastructure The Abilene, Texas AI campus construction loan sits inside a $15B JV with Crusoe, Blue Owl Capital and Primary Digital Infrastructure. |
jv equity | $15.0B | reported in Newmark 2025 outlook coverage |
Abilene, Texas AI campus (TX) |
|
Newmark (structuring) + Crusoe + Blue Owl Capital + Primary Digital Infrastructure Newmark structured the $7.1B construction loan for the 1.2 GW Abilene, Texas AI campus, eight buildings targeting 1.4 GW by 2026. |
debt facility | $7.1B | reported in Newmark 2025 outlook coverage |
Abilene, Texas AI campus (TX) |
|
Newmark (advisor) + OpenAI Stargate-tied Texas data center Newmark advised on a $2.3B loan financing a Texas data center tied to OpenAI's Stargate. |
debt facility | $2.3B | reported with Newmark's 2024 results |
Texas data center tied to OpenAI's Stargate (TX) |
|
Koch Real Estate Investments + Edged + Goldman Sachs + Newmark Koch is exploring a sale of Edged, the data center developer it cofounded, working with Goldman Sachs and Newmark and drawing multiple bids. Edged has US sites operating or in development in Missouri, Arizona, Texas, Georgia, Iowa, Ohio, Pennsylvania and Illinois. Edged US told DCD it is separately owned from Endeavour and Edged Energy. Bain Capital was reported on 29 September 2026 to be in talks to acquire Edged, which Crypto Briefing says operates more than 388 MW across Atlanta, Chicago, Dallas, Kansas City and Phoenix; no agreement has been announced. |
other | n.a. | Reported by Bloomberg 28 July 2026 |
n.a. |
Sourced facts on Newmark
- Newmark's 2025 U.S. Data Center Market Outlook reported a development pipeline of nearly 50 million sq ft at year-end 2024, hyperscalers accounting for over 10% of all commercial development site purchases in 2024, and an estimated 24% of all industrial-zoned development site acquisitions over 24 months going to data centers.
- Newmark's headline constraint is that data center power demand is expected to exceed utility supply by 50%.
- Newmark structured the $7.1B construction loan for the 1.2 GW Abilene, Texas AI campus inside a $15B JV with Crusoe, Blue Owl Capital and Primary Digital Infrastructure, eight buildings targeting 1.4 GW by 2026.
Sources for Newmark
Every source cited on this page, once each.
- completeaitraining.comComplete AI Training
- bisnow.comBisnow
- bloomberg.comBloomberg
- datacenterdynamics.comData Center Dynamics
- cryptobriefing.comCrypto Briefing, 29 September 2026
- datacenterdynamics.comData Center Dynamics (walled)
- nmrk.comNewmark
- sec.govNewmark 8-K exhibit, SEC
- investing.comNewmark Q3 2025
- nmrk.imgix.netNewmark 3Q25 release
More in the Index
Capital figures come from the Capital Atlas, refreshed every Tuesday, Thursday and Saturday. Site commitments overlap reported capital expenditure and overlap one another, so each figure appears as its source states it and none are added into a single deployment number. Informational, not investment advice.
Seven references, one system
Capital, delay, policy, water, grid, permits and scarcity are one system seen from seven sides. Each reference is primary-sourced, refreshed on a schedule, and links into the others, so a project can be followed from the money committed to the docket that stopped it.