Anthony Crivello

Elon Musk, xAI and a big supercomputer in Memphis: A look at plans for the massive project

Elon Musk’s xAI is building an Artificial Intelligence Center in a Phoenix Investors facility in Memphis, Tennessee; Phoenix purchased the 785,000-square-foot facility in December 2023 from Electrolux Group. With this investment, Memphis will be home to the world’s largest supercomputer. The project is expected to open in late 2024 and boost jobs and economic activity in the Memphis area. Check out the full article by Neil Strebig at Commercial Appeal.

The Impact of Onshoring on Industrial Real Estate

The industrial sector witnessed unprecedented growth during the COVID-19 pandemic, driven primarily by the surge in warehousing demand fueled by e-commerce. However, as the market normalizes from these record highs, industry stakeholders seek new avenues for growth. To this end, the spotlight has begun to shift to the manufacturing sector as a leading source of new demand. Resurgent interest in space for advanced manufacturing operations results from the culmination of pandemic-era plans to improve supply chain resiliency by regionalizing supply chains. Onshoring Shows No Signs ... Read More

Will Your Industrial Buildings Bolster Your Climate Reporting?

As the impacts of climate change become more apparent, investors have increasingly incorporated corporate responsibility into their investment strategies. These attitudes are reflected in proposed rule changes from the U.S. Securities and Exchange Commission (SEC) that would require publicly traded organizations to disclose climate data to investors to facilitate informed investment decisions. For industrial businesses, statistics about the impact on the environment are alarming. Accenture says supply chains produce about 60% of all carbon emissions globally. The World Economic Forum reports that one-fifth of ... Read More

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