Property Play: A new red flag in the date center buildout
December 17, 2025 • 3m 13s
Brian Sullivan (Anchor)
00:00.670
demand
for
AI
infrastructure
keeps
growing
but
a
bit
of
a
red
flag
is
being
raised
on
financing
some
of
these
data
centers
diana
olek
here
now
with
the
property
play
on
data
centers
dana
you
just
heard
all
that
discussion
and
we
talked
so
much
about
all
the
investors
getting
in
Brian Sullivan (Anchor)
00:18.910
but
there
are
also
now
some
that
are
either
getting
out
or
sitting
out
Diana Olick (Senior Real Estate Correspondent)
00:23.840
yeah
i
mean
look
brian
you
know
i
am
all
about
the
buildings
that's
all
i
focus
on
and
i'm
hearing
that
commercial
real
estate
investors
are
increasingly
concerned
about
hyperscalers
who
are
turning
to
private
equity
rather
than
just
funding
the
buildings
themselves
they're
Diana Olick (Senior Real Estate Correspondent)
00:37.920
entering
into
these
you
know
lease
agreements
which
could
end
up
being
risky
if
the
technology
changes
what
does
that
mean
it
means
if
it
becomes
more
efficient
and
it
no
longer
requires
these
huge
buildings
these
huge
spaces
actually
sat
down
with
billionaire
developer
fernando
Diana Olick (Senior Real Estate Correspondent)
00:51.040
de
leon
who
he
predicts
he
predicts
hyperscalers
will
be
trying
to
get
out
of
their
leases
earlier
than
expected
Fernando De Leon (CEO)
00:59.950
i
look
at
a
data
center
that's
ten
billion
dollars
right
first
of
all
there
haven't
been
any
exits
above
you
know
four
or
five
billion
dollars
you
haven't
seen
comp
so
that
worries
me
quite
a
bit
then
i
see
large
technology
companies
the
largest
companies
on
the
planet
with
four
Fernando De Leon (CEO)
01:16.310
trillion
dollar
market
cap
saying
i
don't
want
to
own
this
asset
i
don't
want
to
have
this
on
my
balance
sheet
so
i
ask
why
why
doesn't
the
largest
company
in
the
world
want
to
own
its
own
asset
that
is
very
very
important
to
them
right
this
is
the
AI
business
is
everything
for
Fernando De Leon (CEO)
01:33.310
them
today
for
the
large
hyperscalers
and
so
they're
saying
no
you
you
build
it
you
finance
it
so
Diana Olick (Senior Real Estate Correspondent)
01:40.610
his
concern
is
that
when
big
private
equity
is
left
holding
the
bag
because
of
all
this
risk
it's
not
their
money
it's
the
investors
in
the
funds
and
guess
what
that's
your
money
that's
a
lot
of
that
in
pension
funds
of
everybody
in
the
country
brian
Brian Sullivan (Anchor)
01:53.090
yeah
it
is
and
there's
also
diane
i
know
you
covered
this
on
the
property
side
there's
also
been
this
huge
pushback
from
just
towns
they're
they're
worried
about
electricity
rates
they're
Diana Olick (Senior Real Estate Correspondent)
02:02.970
worried
about
water
today
chandler
arizona
you
don't
want
it
in
your
backyard
you
don't
want
your
electric
bills
going
up
they're
getting
pushed
back
all
over
the
country
country
i
mean
i'm
right
by
virginia
where
it's
data
center
central
but
you're
seeing
pushback
in
regions
Diana Olick (Senior Real Estate Correspondent)
02:15.710
all
over
the
country
small
towns
so
the
politics
of
this
if
you
look
at
some
of
the
forecasts
for
the
commercial
real
estate
market
in
twenty
twenty
six
a
lot
of
it
on
the
data
center
sign
is
concerned
about
politics
local
politics
pushing
back
on
these
data
centers
yeah
Diana Olick (Senior Real Estate Correspondent)
02:29.910
chandler
arizona
today
five
nothing
to
vote
or
yesterday
voting
down
a
new
they
got
a
lot
of
water
issues
in
arizona
i
get
it
but
still
the
public
pushback
maybe
the
great
variable
not
talking
enough
about
diana
look
thank
you
very
much
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