CPA:18 – Global, a publicly held, non-traded real estate investment trust (REIT) managed by global net-lease REIT W. P. Carey Inc., achieved record transaction volume in 2015 of more than $300 million in acquisitions for its self-storage portfoli…
South Africa Self-Storage Operator XtraSpace Offers Co-Working Space
Update 3/9/16 – XtraSpace Self Storage has opened another facility featuring flexible, co-working office space and business services in addition to self-storage. The development is in Pietermaritzburg, the capital city of the KwaZulu-Natal provin…
A Guide to Building Multi-Story Self-Storage Facilities
Multi-story self-storage construction offers developers a number of advantages such as the ability to build on infill areas and smaller parcels. Here are factors to consider if you’re contemplating a multi-story project including zoning, structur…
Urban Self Storage of Seattle to Convert Belltown Facility to Hotel/Apartments
Seattle-based Urban Self Storage Inc. has partnered with real estate developer Ariel Development to convert its Belltown Self Storage facility at 1915 Third Ave. into a mixed-use space offering hotel rooms and apartments. The project would convert the …
Former Moose Lodge to Be Converted to Self-Storage in Redding, CA
Best Value Mini Storage received approval from the Board of Administrative Review on Feb. 3 to convert the former Loyal Order of Moose building in Redding, Calif., to self-storage. The operator purchased the site at 320 Lake Blvd. last year to expand i…
102-Year-Old Former Boys & Girls Club Could Become Self-Storage in Worcester, MA
Real estate owner Peter Heaney is planning to convert a 102-year-old former Boys & Girls Club building in Worcester, Mass., to self-storage and, eventually, apartments. The historical structure at 2 Ionic Ave. has been vacant for 10 years and was n…
Amsdell Cos./Compass Self Storage Acquires Facility in Taunton, MA
Compass Self Storage, a member of the Amsdell family of companies, has purchased a facility in Taunton, Mass., that was previously managed by CubeSmart, a publicly traded self-storage real estate investment trust and third-party management firm. The pr…
Mixed-Use Development Projects in Charlotte, NC, to Include Self-Storage
Update 5/17/16 – The Charlotte City Council this week approved the self-storage project proposed by Pamlico Investments as well as another submitted by Real Estate Investment Fund LLC, but rejected a third development submitted by Stor-All Proper…
A-1 Self Storage Breaks Ground on San Diego Facility
The Caster Group, which operates 48 A-1 Self Storage locations in California, is building a new 114,000-square-foot facility in the Pacific Beach community of San Diego. A Sonic Drive-In fast-food restaurant will also be developed on a portion of the p…
Insights From a First-Time Self-Storage Developer: Designing a Marketing Strategy for a Facility in Lease-Up
A marketing strategy is critical to the success of any self-storage facility, particularly a new one in lease-up. The owner of Delaware Beach Storage Center in Lewes, Del., shares her plan to promote her facility, which is scheduled to open in May 2016…