Edward F. Del Beccaro

Due diligence now starts with whether a site can carry the required energy load, whether a microgrid is available and whether transmission lines are adequate; proximity to a substation has shifted from a soft preference to a hard requirement.

• Investors, developers and brokers who once focused on square footage and cap rates now discuss cogeneration, anaerobic digestion, private microgrids, rooftop acreage and overnight battery storage.
• The shift is accelerating with AI-integrated production lines, robotic manufacturing and the data centers that feed them.

In a July 2026 RealAssets Adviser column summarized in a post, Del Beccaro writes that before a letter of intent is drafted, a seller is approached or a broker earns a commission, one question now dominates: can this site handle the required energy load?

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The Federal Reserve's decision not to offer forward guidance adds uncertainty that causes some employers and developers to delay plans, extending the pause in general commercial real estate construction.

• They expect higher rates to persist for a couple of years rather than reverse, pushing capital toward asset types whose rental growth can exceed financing costs.
• Advanced manufacturing and defense-related industries are the sectors they say can clear that bar.

Quoted in the July 29 issue of National Connect CRE, Del Beccaro said the Fed's approach under Warsh of not offering future guidance "will create additional uncertainty, causing some employers and developers to delay plans," and cited a 10-year Treasury yield around 4.6% as likely to be "the new normal for the next couple of years."

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The spending figures come from ConstructConnect News, which Del Beccaro credits: tech companies are deploying large amounts of capital into digital infrastructure and outbidding traditional commercial real estate sectors for land, labor and equipment.

• Growth is concentrated in a handful of power-rich states.
• Their posts also record backlash against data centers in many U.S. communities, treating it as part of the story rather than dismissing it.

The September 1, 2026 column summary cites $11.5 billion in U.S. data center spending for February 2026, $36.9 billion in first-quarter 2026 spending against $1.4 billion for all of 2025, and a possible $116 billion year-end pace. It names Virginia, Texas and the southeast as top-tier power sites, with Pennsylvania, Indiana, Ohio and Oregon as further candidates.

Del Beccaro also points to community backlash, bringing local opposition and permitting friction into the data center thesis rather than presenting the spending trend as unopposed.

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Del Beccaro argues that reliable heavy power access, not location, now drives site selection.

• Before drafting a letter of intent or paying a broker, they say, ask whether a site can handle the required energy load, whether a microgrid is available and whether transmission lines are adequate.
• They list the new working vocabulary investors and brokers have had to learn, including cogeneration, anaerobic digestion, private microgrids, rooftop acreage and overnight battery storage, and say proximity to a substation has moved from a soft preference to a hard requirement.
• They attribute the acceleration to AI-integrated production lines, robotic manufacturing and the data centers behind them.

For brands planning a campaign

For a data center site-selection strategy, build due diligence around power capacity, microgrid and transmission access before cost or location. This reasoning gives a campaign a defensible first-principles anchor rather than a generic data center trend claim.

This post reproduces a quote from the July 29 issue of National Connect CRE.

• Del Beccaro says the Fed's decision not to offer forward guidance creates added uncertainty that causes some employers and developers to delay plans, and that a relatively high-rate environment, with the 10-year Treasury yield around 4.6%, is likely to be the new normal for a couple of years.
• They add that capital is flowing toward sectors able to generate rental growth above financing costs, naming advanced manufacturing and defense-related industries.
• The post restates the quote and links to the article.

For brands planning a campaign

For a site-selection campaign, this supplies the financing half of the argument: even a well-powered site competes on whether tenant rental growth can outrun borrowing costs. Pair it with the power-access piece to make a two-condition test—power capacity and cost of capital—rather than a single-factor pitch.

This post summarizes a column published in RealAssets Adviser dated September 1, 2026.

• Del Beccaro reports U.S. data center construction spending figures as stated in the column, including a February 2026 figure of $11.5 billion, first quarter 2026 spending of $36.9 billion, a prior-year total of $1.4 billion and a projection that year-end spending could reach $116 billion.
• They identify Virginia, Texas and parts of the southeast as top-tier power sites, with possible further investment in Pennsylvania, Indiana, Ohio and Oregon.
• They describe the spending as driven by a structural shift toward AI, with tech giants outbidding traditional commercial real estate sectors for land, labor and equipment, and note growing community backlash against data centers.

For brands planning a campaign

Use this to support a data center thesis with concrete spending context and a target geography, then pressure-test it against community opposition where the campaign will run. Confirm the figures against the linked column before using them in published copy.

A short announcement that Del Beccaro is speaking at the Northern California Industrial & Manufacturing Conference, with an invitation and a discount code. Ask for the talk topic or a recording to assess the substance of the appearance.

For brands planning a campaign

A signal of a live speaking channel with an industrial and manufacturing audience. For an in-person or event-adjacent campaign, ask for details about the talk and its audience.

Due diligence now starts with whether a site can carry the required energy load: microgrid access, transmission capacity, substation proximity, cogeneration, anaerobic digestion and overnight battery storage. They describe the change as a language shift for investors, developers and brokers who once worked mainly in square footage and cap rates, and tie the acceleration to AI-integrated production lines, robotic manufacturing and the data centers behind them.

Replaces a familiar industry maxim with a new one — location, power, location — then lists the technical questions a site must answer before a letter of intent is drafted.

For brands planning a campaign

A data center site-selection strategy developed with Del Beccaro should start with power load, transmission and microgrid feasibility, then move to rent and cap-rate framing, matching the column’s account of how due diligence now proceeds.

Examples: Source 1

It cites ConstructConnect News figures of $11.5 billion in U.S. data center spending, with first-quarter 2026 at $36.9 billion, against $1.4 billion for all of 2025, and a possible $116 billion year-end pace. Del Beccaro places most of that activity in Virginia, Texas and the southeast, names Pennsylvania, Indiana, Ohio and Oregon as additional candidates, and describes AI as a structural disruption comparable to the invention of the internet that forces tech firms to outbid traditional commercial real estate sectors for land, labor and equipment.

The summary records community backlash against data centers in many U.S. communities and attributes the spending figures to ConstructConnect News.

For brands planning a campaign

A strategy built with this material should compare power markets state by state and treat local permitting and community opposition as schedule risks. Ask for comparative evidence on permitting and power capacity across the named states; the material describes only some as top-tier power sites.

Examples: Source 1

They said developers and investors increasingly accept today's higher-rate environment — citing a 10-year Treasury yield around 4.6% — as the norm for the next couple of years, with capital flowing toward sectors whose rental growth can exceed financing costs, including advanced manufacturing and defense-related industries.

Answers a monetary-policy question with an operational consequence — delayed decisions — then names the yield benchmark and the asset types that still pencil under it.

For brands planning a campaign

A campaign about power access and financing costs should address whether to build now or wait, and which asset types can out-earn current financing costs, rather than treating data center demand as independent of the cost of capital.

Examples: Source 1

An event announcement shows an intent to appear; it does not establish what was presented on stage, so it cannot support claims about the content of the talk.

For brands planning a campaign

Conference appearances open a path to co-created explainer or session-adjacent content for industrial and manufacturing audiences. Confirm the subject from the event program or with Del Beccaro directly before developing content.

Examples: Source 1

The September 1, 2026 issue (Vol.

• 13, No.
• 8) carries a second column, "Data centers and the Multiplier effect," on data center construction spending and its effect on property portfolios.
• Both posts present the columns as Del Beccaro's own work.
• Ask whether the column arrangement is paid, exclusive, or continuing beyond those issues.

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They say the pause in general CRE construction would continue and that capital is moving toward sectors whose rental growth outpaces financing costs, particularly advanced manufacturing and defense-related assets.

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One post compares bank and institutional/life-company proceeds for the same property, which produces $500,000 of net operating income. Another recaps a capital strategy event covering bridge, permanent and portfolio financing, preferred equity, mezzanine capital and recapitalizations.

Gelb works the debt side of a transaction—lender types, proceeds, recourse and structure—and regularly urges borrowers to get a second opinion before accepting a bank offer. Del Beccaro focuses on the site and the market: power availability, data center demand, and the outlook for rates and construction timing.

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One post treats factory job cuts as a warning for warehouse demand, flex space, tenant expansion, owner-user purchases and underwriting, pairing the analysis with named listings and a recent sale.

Tulibaski covers a single metro, Fargo3Moorhead, with specific buildings, prices and local demand. Del Beccaro writes at the national and state levels about power capacity, AI-driven construction spending and interest rates, naming the states attracting investment rather than individual properties.

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One post calculates the gross rental yield on a $600,000 property renting for $600 a week and lists the costs that follow; another shows how a $150,000 deposit can provide exposure to the growth of a $600,000 asset.

Taruvinga addresses residential investors weighing yield, leverage and holding power against their cash flow. Del Beccaro addresses commercial and institutional readers weighing power loads, data center demand and the cost of capital.

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The posts tackle the same buyer question from the financing side: a worked example shows the same property with $500,000 of net operating income producing roughly $3.8 million in usable proceeds through a bank against roughly $5.1 million through institutional or life-company financing, a difference of about $1.3 million.

• Gelb also details the costs behind a bank approval, including required deposits, shorter amortization, higher debt-service coverage requirements, conservative vacancy assumptions, and personal recourse.
• The posts lay out the structure menu a site strategy eventually needs, spanning acquisition and construction financing, bridge and permanent debt, refinancing and portfolio financing, preferred equity and mezzanine capital, recapitalizations and SBA financing, and the lender types involved, from banks and life companies to CMBS, debt funds, credit unions, and private capital.
• For a firm weighing whether a well-powered data center site can actually be financed at the scale the tenant needs, that is the closer match to the decision.

Gelb's posts do not discuss power availability, substations, microgrids, data centers, or site-screening methods.

• The power half of the campaign would need to come from elsewhere, and the pairing works only if the firm already knows which sites can carry the load and needs capital strategy next.
• Gelb advocates for independent representation at one advisory firm, presenting the financing comparison as a case for a second opinion rather than a neutral survey of lending options.

Examples: Source 1 · Source 2

A post treats factory job cuts as a warning signal for a specific metro, noting that U.S. manufacturing production is still expanding while factory employers cut jobs at a pace rarely seen outside the financial crisis and the pandemic.

• Tulibaski reads that combination as margin protection rather than immediate weakness.
• The practical output is a discipline argument: better lease analysis, more caution around expansion-driven assumptions, and attention to warehouse, flex space, tenant expansion, owner-user purchases, and underwriting.
• The post also carries local listings and a comparable sale at $332.07 per square foot, a useful pricing detail for a market-specific campaign.
• If the firm's question is how a data center or industrial project would land in a particular Midwest market with a real employment base, this is the closer fit.

The scope is Fargo, West Fargo, Moorhead, and the surrounding North Dakota and Minnesota region, and Tulibaski's posts stay inside that geography.

• They offer a grounded local demand read and a caution about underwriting, not a framework for choosing among power-constrained sites across states.
• For a multi-market siting campaign, ask for evidence that spans the relevant markets; otherwise, this alternative narrows the brief to one market.

Examples: Source 1 · Source 2

The posts use a clear teaching method: explain the metric, run a small worked example, then name the risks.

• Rental yield is introduced with a $600,000 property renting at $600 per week, producing about $31,200 in annual gross rent, or roughly 5.2%, followed by the costs underneath, including property management, rates, insurance, maintenance, vacancy, strata costs, and interest on debt.
• The leverage post runs the arithmetic the other way, showing $150,000 of capital controlling a $600,000 asset, where a 10% gain is $60,000 of gross capital growth and a 10% fall works just as hard in the opposite direction, while debt does not fall when the property does.
• For a campaign about whether investors can hold an asset long enough to benefit from growth, that framing transfers.

The frame is private property investment, not commercial site selection.

• The property examples are pitched at individual investors weighing cash flow against growth.
• For a data center site-selection strategy, ask for evidence on power, industrial demand, and institutional capital markets; otherwise, this offers an explanation of yield and holding power but not the site and financing substance the campaign requires.

Examples: Source 1 · Source 2