01JUL 25, 2026
Brookfield said on July 22 that it agreed to acquire Aypa Power, the largest standalone battery storage developer in North America, from Blackstone Energy Transition Partners for roughly $7 billion enterprise value and $3 billion of equity. Aypa brings about 6.5 GW operating and contracted, 95 percent of it under contracts averaging 17 years, plus a pipeline above 20 GW. For real estate, the binding constraint on AI has moved from land to electrons.
02JUL 24, 2026
Alphabet reported second-quarter results on July 22 and told investors it now expects to spend $195 billion to $205 billion on capital expenditures this year, up from $180 billion to $190 billion. Filed quarterly capex hit a record $44.9 billion, roughly double a year earlier, and free cash flow turned negative. Management says about 40 percent of the spend goes to data centers and networking. For real estate, that number is the demand floor under the entire data center thesis.
03JUL 23, 2026
Travis Kalanick’s Atoms announced a $1.7 billion equity round on July 22, led by Andreessen Horowitz, with Ben Horowitz joining the board and Bain Capital, Uber, and Fifth Wall participating. Fifth Wall’s check has been reported at $135 million, which would be the real estate fund’s largest single investment. The read that matters for CRE: physical AI treats real estate as its storage layer, and the tenants it creates are robots.
04JUL 22, 2026
Hut 8 said on July 20 it signed a second 15-year lease at its Beacon Point campus in Nueces County, Texas, a 352 megawatt deal with a base-term contract value of $9.8 billion. The lease fully commercializes the one-gigawatt campus, doubling the tenant’s contracted capacity to 704 megawatts. For real estate, the detail that matters is the structure: a triple-net, take-or-pay lease to a single investment-grade tenant, energizing in 2027.
05JUL 21, 2026
IREN Limited said on July 20 it signed $2.8 billion in new multi-year cloud contracts with leading AI developers, raising its 2026 AI Cloud run-rate revenue target above $4 billion. The detail that matters for real estate is how it is funded: customer prepayments covering roughly 45 percent of the associated GPU capital, on top of equipment-backed financing. The AI data center is being underwritten on contracted cash flow, not speculation.
06JUL 20, 2026
ACS Group and BlackRock’s Global Infrastructure Partners launched Coravel on July 15, a 50-50 joint venture that turns their data center development platform into an operating brand with an initial 1.7 gigawatt portfolio and a signed long-term hyperscale lease at a Dallas-Fort Worth campus. For commercial real estate, it is another sign that the largest infrastructure capital pools are building the AI buildout as a real estate business.
07JUL 18, 2026
TSMC used its record second quarter to commit another $100 billion to Arizona, lifting its total state investment to $265 billion across a planned ten fabs, two advanced packaging plants, and a research center. The expansion is driven by demand for AI chips, and for commercial real estate it concentrates one of the country’s largest advanced-manufacturing buildouts in a single Phoenix submarket.
08JUL 18, 2026
Brookfield-backed Csquare priced its initial public offering at $21 a share, below its marketed $23 to $27 range, raising $1.05 billion rather than the $1.35 billion implied at the top end. The result does not erase demand for digital infrastructure. It does put a sharper public-market price on leverage, delivery, and the difference between a data center story and a data center cash flow.
09JUL 14, 2026
Hines Global Income Trust paid about $151 million for a fully leased Class AA Austin tower and paired it with grocery-anchored retail in Chicago. The bid is back for one narrow profile of office. The discipline is knowing whether your asset fits it.
