Published: Fri, 24 Feb 2017 14:43:46 GMT
Last Build Date: Fri, 24 Feb 2017 08:30:00 GMTCopyright: Copyright © 2009 Virgo Publishing, Inc.
Fri, 24 Feb 2017 08:30:00 GMTBrazil self-storage operators Inbox Guarda Tudo and Pronto Espaço have merged to create SS Self Storage. The combined entity operates three facilities in São Paulo. The company intends to immediately expand its current properties, while looking to open new locations in cities with populations of more than 500,000 people, according to
Fri, 24 Feb 2017 08:00:00 GMTU.K. self-storage operator Safestore Holdings PLC has released its financial statement for the first quarter of its 2017 fiscal year, which ended Jan. 31. The report indicates Safestore experienced growth in revenue, rental rates and occupancy at its self-storage facilities in France and the United Kingdom.
Thu, 23 Feb 2017 21:45:00 GMTThe Inside Self-Storage (ISS) Store, an e-commerce website providing research and education products for industry professionals, is now selling a new book that examines self-storage facility valuation. Written by valuation experts Michelle Gigowski and Timothy Moffit, “What's It Worth? Making, Managing, and Measuring Value: Self-Storage
Thu, 23 Feb 2017 21:27:00 GMTThe four largest publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Life Storage Inc. and Public Storage Inc.—have released financial statements for the quarter that ended Dec. 31, 2016. In general, all four entities showed gains in key areas, particularly funds from
Thu, 23 Feb 2017 20:05:00 GMTSelf-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Many are covered in detail on the ISS website and available for viewing on the “Real Estate” topics page. Following are additional acquisitions and sales that weren’t covered.
Wed, 22 Feb 2017 21:19:00 GMTLock-It-Up LLC, which operates 16 self-storage facilities in Michigan and Ohio, is near completion on a $700,000 expansion and renovation of its property in Bowling Green, Ohio. The company plans to embark on a similar project this spring at its facility in Oregon, Ohio, according to the source.
Wed, 22 Feb 2017 21:16:00 GMTReal estate developer Houle Properties Inc. intends to build a self-storage facility and other commercial businesses at 23 Bellerose Drive in St. Albert, Alberta, Canada. The company plans to begin construction this fall on indoor and outdoor self-storage at the back of the property, with the front of the lot subdivided for other ventures. A
Wed, 22 Feb 2017 21:08:00 GMTJulie Reindl and her son, Matthew Reindl, recently opened a new self-storage facility in Mason City, Iowa. They’re planning to host a grand-opening celebration for River City Storage at 785 15th St. S.W. this spring. The event will include food and music, according to the source.
Wed, 22 Feb 2017 21:04:00 GMTA self-storage development partnership has broken ground on a new facility at N.W. 25th Street and Palmetto Expressway in Miami. The 280,000-square-foot project is being built by Benjamin Macfarland, CEO of self-storage operator Elite Stor Capital Partners LLC, and an affiliate of real estate private-equity firm Florida Value Partners LLC (FVP),
Tue, 21 Feb 2017 21:41:00 GMTWest Coast Self-Storage Group and a company doing business as WCSS Lakeland Hills A St Storage LLC will open a new self-storage facility in Auburn, Wash., next month. The property at 4424 A St. S.E. is just south of the intersection with Ellingson Road and east of Washington State Highway 167.
Tue, 21 Feb 2017 21:36:00 GMTThe 80-year-old manager of the U Hold The Key Self Storage in Newcastle, England, is retiring and handing over the reins to his 64-year-old successor. Peter Robson has been employed by the facility, which is owned by the Parsons Containers Ltd., since it opened in 2002. He’s been grooming Arthur Jennings to take his place since his last
Tue, 21 Feb 2017 21:06:00 GMTUpdate 2/21/17 – Bluebird Self Storage has opened a new facility in Manchester, N.H., the first of three projects it expects to open in the region this year. The three-story property comprises 115,000 square feet of storage space in more than 700 climate-controlled units. The site also includes a limited number of drive-up units. Property
Tue, 21 Feb 2017 20:51:00 GMTSelf-storage developer The Carroll Cos. has acquired a 1.62-acre lot in Lexington, S.C., on which it intends to build a Bee Safe Storage and Wine Cellar facility. The property at the corner of Augusta Road and Cedarcrest Drive was acquired by Carroll Capital Investments LLC from Padi Reddy for $625,000, according to the source.
Tue, 21 Feb 2017 20:43:00 GMTThe second annual Latin America Self Storage Trade Show, an event designed for facility developers, investors and operators interested in the Central and South America markets, will be held May 3-5 at the Omni Cancun Hotel and Villas in Cancun, Mexico. The conference will feature seminars and vendor exhibits representing all aspects of the storage
Tue, 21 Feb 2017 20:32:00 GMTUpdate 2/21/17 – The zoning board continued to debate the proposed Extra Space self-storage facility along Route 17 and Paterson Plank Road last week, with much of the discussion focused on storm-water management at the site. Civil engineer Brett Skapinetz indicated he designed the basin and pipes in accordance with existing department of
Mon, 20 Feb 2017 20:34:00 GMTThe Arlington, Texas, City Council voted unanimously last week to approve an All Storage self-storage facility at 6251 Joplin Road, even though it opposed the project last month. The council tabled its decision on Jan. 24 to allow the storage company to revise its plans. The new design is dark burgundy instead of bright red and will include
Mon, 20 Feb 2017 20:25:00 GMTPublic Storage Inc., a self-storage real estate investment trust (REIT), has opened the first of seven floors in what will be the largest facility in its portfolio. The converted 100-year-old building at 133 2nd St. in Jersey City, N.J., will comprise nearly 235,000 rentable square feet in about 4,000 units when complete later this year, according
Mon, 20 Feb 2017 20:15:00 GMTThe Oro Valley, Ariz., Planning and Zoning Commission on Feb. 7 voted unanimously to recommend a self-storage proposal for the Steam Pump Village development area. The three-story facility would be built on more than 1 acre north of Steam Pump Ranch and west of a Quick Trip gas station. As designed, the building would be 48 feet tall and resemble
Mon, 20 Feb 2017 07:30:00 GMTBOS Container USA, a provider of German-manufactured, quick-build, portable-storage containers, will now stock inventory at five U.S. locations. The move is designed to speed up delivery of the company’s products to customers and enable them to place smaller orders, according to a press release.
Mon, 20 Feb 2017 07:30:00 GMTMembers of the Texas Self Storage Association (TSSA) raised more than $188,000 last year for the Shriners Hospitals for Children in Galveston, Texas, and surpassed $1 million in lifetime giving. The donation was the largest contribution the organization has made since it began raising funds for the hospital 15 years ago, according to a press