StoreLocal Corp., a co-op of private self-storage operators in Canada and the United States, has launched the Self Storage Standards Project (SSSP), an initiative to standardize industry terminology. The group also recently partnered with tenant-insura…
Extra Space Self Storage of Asia Enters Hong Kong with 2 New Facilities
Extra Space Self Storage of Asia, a privately owned business, expects to open two storage facilities in Hong Kong this month, expanding its operation to five Asian countries. The two new locations are in the Sai Wan and Tsuen Wan districts and will lay…
OpenTech Alliance and StorageMart to Merge Self-Storage Call Centers
StorageMart, a Columbia, Mo.-based self-storage operator with 165 facilities in Canada and the United States, has agreed to merge its PhoneSmart call-center business with the INSOMNIAC Live! call center operated by OpenTech Alliance Inc., a Phoenix-bas…
Officials Consider Zoning Change After Rejecting Self-Storage Plan in Chicopee, MA
Update 12/16/15 – The Chicopee City Council is considering a change to its zoning laws that would require self-storage developers to obtain a special-use permit for properties zoned as business. The permit would require approval from the council …
Online Self-Storage Auction Provider StorageStuff.Bid Partners With Legacy Auction Services
StorageStuff.Bid, an online network of auctioneers, self-storage facility owners and a team of technology partners who specialize in Internet marketing and Web design, has partnered with Legacy Auction Services, which offers live-auction services natio…
Self-Storage Directory Find Local Storage Launches New Pricing Program
Find Local Storage (FLS), a consortium of 30 self-storage owners who operate an online facility directory, has launched a new pricing program for its lead-generation services. Operators can now pay a flat fee of $25 per month per facility for unlimited…
Storage Giant’s ‘Giant’ Foot Highlights Self-Storage Property Features
Wales-based self-storage operator Storage Giant capitalizes on its name to create a unique delivery in this commercial. The “giant” foot walks customers through the rental process, highlighting property features such as security, ameni…
Aries Capital Offers Non-Recourse Financing for Self-Storage Owners
Aries Capital, a commercial real estate mortgage and investment banking firm, is expanding its focus on the self-storage market, offering non-recourse permanent debt and bridge loans to self-storage operators nationwide. The company specializes in 10-y…
MegaStorage to Add Solar Power to Panama Self-Storage Facilities
MegaStorage, a Panama-based self-storage operator, will install solar-panel systems at its three Panama facilities, which will be designed to offset more than 30 percent of the electricity used to power the properties, according to a press release. The…
Marcus & Millichap Releases National, Local Self-Storage Reports for Second Half of 2015
Marcus & Millichap, a commercial property investment firm prominent in the self-storage industry, has released a series of semiannual reports for the second half of 2015, including one national report and more than 40 reports on major U.S. markets….