Research, analysis, and perspectives on the built world.
PJM's 2026 load forecast makes power availability a front-end underwriting question for data center developers. The post explains what changed, which metrics matter and how developers should price grid risk before site control.
May 11, 2026 ·5 min read
AI infrastructure capex is becoming a real estate development cycle, not just a chip-buying cycle. This post explains how hyperscaler spending changes site selection, power strategy and underwriting for institutional developers.
May 8, 2026 ·5 min read
This post explains why behind-the-meter power is returning to data center development strategy. It covers gas turbines, temporary generation, utility constraints, procurement timelines, emissions risk and how developers should underwrite on-site power options.
May 6, 2026 ·5 min read
Institutional capital teams are deploying AI across deal screening, underwriting, portfolio monitoring, and investor reporting. This post covers where AI is adding measurable value today, what the human judgment layer still requires, and how to sequence deployment across a capital team's workflow.
May 4, 2026 ·4 min read
Hyperscalers including Microsoft, Google, and Amazon are securing nuclear energy agreements at unprecedented scale, restarting existing plants and contracting for small modular reactors. This piece covers what that capital deployment means for data center site selection, how nuclear-adjacent sites are being priced, and the timeline risks developers need to model before underwriting.
May 1, 2026 ·5 min read
Development consulting spans feasibility, entitlement, project management, capital markets, and technical due diligence. This post maps the category clearly and explains how AI-native delivery is compressing timelines without eliminating the judgment layer that experienced practitioners provide.
April 30, 2026 ·4 min read
Site selection services have historically been limited by consultant bandwidth, covering 8-15 markets over weeks. AI-native delivery now screens 50+ markets simultaneously with real-time power and zoning data, fundamentally changing the coverage, speed, and reproducibility of the process. This post covers what traditional services include, where AI changes the model, and what to evaluate before hiring a partner.
April 29, 2026 ·5 min read
Data center development services span site sourcing, power analysis, due diligence coordination, capital stack modeling, and permitting support. AI-native firms operate at higher throughput than traditional consultants, screening hundreds of sites concurrently and coordinating due diligence workstreams without the staffing constraints of legacy advisory models. This guide covers what the category includes and the five criteria institutional development teams should use to evaluate partners.
April 27, 2026 ·4 min read
Sovereign wealth funds including GIC, ADIA, Mubadala and PIF have rotated aggressively into digital infrastructure real estate, concentrating capital in data centers, fiber networks and energy assets. This piece covers which funds are leading the allocation, why the shift is structural rather than cyclical, and three practical implications for development teams navigating a market where sovereign-backed platforms are setting the pace.
April 24, 2026 ·4 min read