SAVRN Research · Capital Atlas · Market intelligence
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%.
Newmark
Market intelligence
Financing regimeadvisory and debt structuring for third-party JVs and construction loans, no principal capital position stated
Named sites
2
Site-level commitments the atlas ties to Newmark
Disclosed site capital
$9.4B
Sum of named sites with a stated dollar figure. Not a capex total; see the spending table
Disclosed capacity
1,200 MW
Sum of named sites with a stated megawatt figure
Financing transactions
4
Transactions naming Newmark or tied to one of its sites
Spending
Reported and guided spending
Audited, reported and guided figures as the filing or release states them. Reported lines are what was spent; guidance is what management said it expects. They are shown side by side and 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. |
Named sites
Where Newmark builds
Financing
Financing transactions
Transactions that name Newmark as a party or attach to one of its named sites. Amounts are as stated; 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. |
The record
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
Sources for Newmark
Every source cited on this page, once each. The full atlas source register is at Capital Atlas sources.
- 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
Market intelligence: one page each
Avison Young 0CBRE 0Colliers 0Cushman & Wakefield 0datacenterHawk 0Green Street 0JLL 0Newmark 2Transwestern 0
The figure beside each provider is its count of named sites in the atlas.
Part of the North American Data Center Capital Atlas, refreshed every Tuesday, Thursday and Saturday. Site commitments overlap reported capital expenditure and overlap one another, so this page shows each figure as its source states it and never adds them into a single deployment number. Informational, not investment advice.
The SAVRN reference set
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.
Delay Watchlist
Project-level slippage: named projects, jurisdictional actions, utility and federal dockets, SEC disclosures, and the interconnection queue.
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Moratorium Tracker
The policy layer: every state measure and local moratorium mapped and cited, with one page per state.
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Water Tracker
Every federal, state, local and interstate water measure that touches a data center, plus a fifty-state water ledger.
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Grid Operator Watchlist
ERCOT, PJM, MISO, CAISO, SPP, NYISO, ISO-NE and FERC: the large-load rules, filings and queue positions that decide whether a site can energize.
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Permits and Power Development
Data center and substation permits, large loads in the interconnection queues, and the power plants planned to serve them, refreshed hourly from public records.
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SAVRN Scarcity Tracker
Eleven primary-sourced indicators of AI infrastructure scarcity, one composite index, read against the token index, SAVRN's own cost basis and the frontier ceiling.
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Have a specific address? Site Intelligence reads all seven references against one location, county, utility and grid operator included, and cites every finding.
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