Mini Price Storage, which operates more than 20 self-storage properties in Virginia, was ordered by a judge this week to pay former employee Sean Mohammed $150,730 in back pay as well as attorneys’ fees and court costs for alleged “improper…
Amsdell Cos./Compass Self Storage Acquires 8th Facility in Greater Atlanta
Compass Self Storage LLC, a member of the Amsdell family of companies, has acquired a self-storage property in McDonough, Ga., its eighth facility in Greater Atlanta. The property was purchased by separate affiliates of Amsdell Group LLC and Compass Se…
Amsdell Cos./Compass Self Storage Acquires 8th Facility in Greater Atlanta
Compass Self Storage LLC, a member of the Amsdell family of companies, has acquired a self-storage property in McDonough, Ga., its eighth facility in Greater Atlanta. The property was purchased by separate affiliates of Amsdell Group LLC and Compass Se…
Hong Kong Valet-Storage Startup Boxful Raises $6.6M in Series A Funding
Boxful, a Hong Kong-based startup business specializing in valet self-storage services, has closed on $6.6 million in Series A funding. Investors in the round include Arocrest Capital Management, Great Eagle Holdings Ltd., Lonsdale Capital Pte. Ltd. an…
LifeStorage Secures $300M to Finance Self-Storage Expansion
California-based self-storage operator LifeStorage LP has secured $300 million in financing, which it will use to fund future expansion. The acquisition-facility and term loan is through a consortium of lenders led by BMO Capital Markets Corp. and Citi…
Building a Strong Auditing System for Your Self-Storage Business
A periodic audit of your self-storage facility is imperative to keeping your operation on track. As an owner, you need to regularly audit the financials, people and processes that dominate your business. Here’s a primer to get you started.
The ISS ‘Best of Business’ Awards: What Do They Really Say About a Self-Storage Company?
Inside Self-Storage has just launched its fifth annual “Best of Business” reader-choice poll in which industry professionals vote for their favorite suppliers in dozens of product and service categories. Each year, the final list includes r…
Waterloo, IA, Self-Storage Developer Receives Land Gift/Incentive From City
Real estate developer Jim Ellis, owner of GMJ2 Industries LLC, received a land gift from the City of Waterloo, Iowa, on which to build a $1.1 million self-storage facility. In a 5-2 vote, Waterloo City Council members agreed to the deal as part of its …
McCarthy’s Removals Completes £2M Self-Storage Conversion in Wakefield, England
Update 6/11/15 – McCarthy’s Storage World Wakefield is now open for business. The two-story self-storage facility comprises 40,000 square feet in more than 400 units. It offers 24-hour access, drive-up units and a retail assortment of movin…
Zoning Amendment Makes Headway for Self-Storage in Cranbrook, British Columbia, Canada
Property owner Kurt Swanson of KL Swanson Enterprises Ltd. received mixed city-council support this week for a proposed zoning amendment that would enable him to convert a commercial building to self-storage in Cranbrook, British Columbia, Canada. Swan…