Jefferson Shreve, the founder of Storage Express, is tearing down an old hotel in Indianapolis and building a mixed-use development that will include the company’s headquarters, a self-storage facility, and possibly a hotel or restaurant. Shreve …
LifeStorage Appoints Chief Investment Officer, General Counsel
California-based self-storage operator LifeStorage LP has appointed Ben Carr as chief investment officer and Vince Toenjes as general counsel. The new hires will assume their roles on March 23 and March 26, respectively, and will be based at the LifeSt…
Self-Storage Talk Video Challenge Second-Place Winner: Scott Simon, A1 U Store It
Scott Simon, a resident manager at A1 U Store It in St. Louis, recently won second place in the Self-Storage Talk 2015 “Loving Las Vegas” Video Challenge, in which self-storage operators vied for a free trip to the Inside Self-Storage World…
Self Storage Zone and Federal Capital Partners Open Second Joint-Venture Facility in Washington, DC
Update 7/26/16 – Self Storage Zone has opened its second joint-venture facility with Federal Capital Partners. The 1,400-unit facility has received Leadership in Energy and Environmental Design (LEED) certification, according to a press release.
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Cayre Investments Plans Treasure Island Self-Storage Development in Glendale, Queens, NY
Cayre Investments LLC, which operates the Treasure Island Storage brand in New Jersey and New York, recently acquired property in Glendale, N.Y., on which it intends to develop a 100,000-square-foot self-storage facility. The project at 79-40 Cooper Av…
Man Found Dead in Unit at Evans Self Storage in Evans, CO
A 70-year-old man was found dead on Monday inside a unit at Evans Self Storage in Evans, Colo. Employees discovered the body of David Carroll while conducting a routine security check. Police believe Carroll was a transient and said it appears he died …
Self-Storage Operator American Spectrum Realty Undergoing Bankruptcy Proceedings
American Spectrum Realty Inc., a real estate investment-management company that operates self-storage facilities under the 1st American Storage brand, recently filed for Chapter 11 bankruptcy protection in Texas, while the firm is also in the middle of…
Developer Proposes Self-Storage Project for Xenia, Ohio
Update 4/20/15 – The Xenia City Council approved a rezoning ordinance earlier this month that will enable David Martin Construction Co. to pursue its self-storage development on a lot near the intersection of Kinsey Road and North Detroit Street….
Live Oak Bank Launches Self-Storage Lending Division
Live Oak Bank has launched a lending division for self-storage developers, investors and owners nationwide. The bank offers up to 100 percent financing for acquisitions, expansions of existing facilities, new construction, refinancing of current debt, …
Dainton Self Storage Opens in Plymouth, England
Dainton Self Storage has officially opened in Plymouth, England. The refurbishment of the empty warehouse required the company to invest an additional £200,000.