Phoenix Investors

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

The Impacts of Electricity and Natural Gas Availability on Industrial Real Estate

The availability and reliability of electric and natural gas utilities should be a top concern for project stakeholders during the site selection process for new factories, warehouses, and other industrial buildings. As modern industrial facilities trend toward more automation, finding or constructing buildings that can handle the increased power needs of automation technologies is essential. Yet, locating sites capable of supporting heavy automation is an ongoing challenge in the United States as businesses seek to reshore operations and build resiliency into supply chains. The New ... Read More

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