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February 2, 2022

'Sleepy Rural Settlements' Becoming Crypto Boomtowns In Cheap-Power States

From the outside, 5295 Brook Hollow Parkway in Norcross, Georgia, is like many of the flex office buildings that dot the Atlanta suburbs: The single-story brick building sits in the center of a sprawling parking lot, surrounded by pine trees.

But this nondescript piece of real estate raised eyebrows last summer when Las Vegas-based Cleanspark purchased it to turn it into a Bitcoin mining operation, the second such facility the company operates in Atlanta.

Why Cleanspark chose this innocuous building is simple: It is big enough to house 6,000 of its high-powered computers, which guzzle power 24 hours a day, seven days a week to do nothing but mint new Bitcoin, the most valuable and popular cryptocurrency; and, being in Georgia, it has access to some of the cheapest energy in the country.

'Sleepy Rural Settlements' Becoming Crypto Boomtowns In Cheap-Power States

Companies that seek to mint cryptocurrency amid a rush to invest in the digital investment require critical physical infrastructure, and they are largely looking to locate it in places that offer two things: low-cost power and local and state governments willing to offer tax incentives. That combination has led to data centers with…

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Mimms Sells Alpharetta Flex Property To CIP-Led Venture For $36M

Mimms Sells Alpharetta Flex Property To CIP-Led Venture For $36M  

Mimms Enterprises has unloaded a suburban Metro Atlanta flex property to a California investor for nearly $15M more than it paid for it five years prior. Mimms sold Mansell Commons, a nine-building, 221K SF industrial flex property that includes industrial, office and retail space to a joint venture of CIP Real…

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Digging Deeper: Why Site Assessments Are A Vital Step In Industrial Property Purchases

PRESENTED BY:   RPS Group
 
Digging Deeper: Why Site Assessments Are A Vital Step In Industrial Property Purchases  

Acquiring an industrial site can be a lucrative opportunity for investors, especially if it can be transformed into a space that benefits both the community and their bottom line. Some industrial sites, however, come with a history of contamination by pollutants such as PFAS, a class of…

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SURVEY: Will The Metaverse Reshape Commercial Real Estate?

SURVEY: Will The Metaverse Reshape Commercial Real Estate?  

They say you can’t escape reality, but lately, that seems more true about virtual reality. The metaverse is dominating headlines and could soon play a major role in the economy — Goldman Sachs and Morgan Stanley both reported they see $8T worth of opportunity in the space.…

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The Pandemic And Rent Inflation Are Pushing People Into Potentially Dangerous Living Situations

Though eviction moratoriums and the federal Emergency Rental Assistance Program were crucial in saving many low-income renters from being put out in the streets, thousands more moved in with friends, family and others to save money on rent.

Far from the marketing hype of some companies that co-living is a community-friendly and reasonably priced option for living in high-cost areas, financially forced cohabitation is a different animal — and one that carries heavy risks such as overcrowding. The dangers of overcrowded apartments were tragically brought to public attention when fires in such residences in Philadelphia and the Bronx killed 29 people, 17 of them children, between them in early January.

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Auto Destruct: Is The Property Industry Suffering Group-Think About Cars?

 

For almost a century, our cities have been built around cars. But the dominance of the automobile is now being challenged, and that raises some big questions for real estate about what and where the sector builds and buys. 

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