Real estate investor Leo Ghitis has purchased a vacant industrial warehouse in Weston, Fla., for $8.1 million with plans to convert it to self-storage. The property at 1500 N. Park Drive is in the Weston Park of Commerce.
Silverbell Self Storage at Sunset Ranch Breaks Ground in Tucson, AZ
Herb Havins, president of The Havins Co. Inc., recently broke ground on Silverbell Self Storage at Sunset Ranch in Tucson, Ariz. The urban-renewal project at 2720 N. Silverbell Road was 10 years in the making, according to Havins, who also owns Ajo-Kin…
Self-Storage Industry Consolidation: Is the Trend as Prevalent as Owners and Investors Believe?
Despite the belief that consolidation is occurring rapidly in the self-storage industry and REITs are snapping up all the properties, the data demonstrates otherwise. Here’s a big-picture view of the challenges, implications and future of self-st…
Best Self Storage Acquires 21-Facility U-Stor-It Portfolio in Arkansas, New Mexico, Texas
Best Self Storage (BSS), a Southern California-based entrepreneurial group, acquired the 21-property U-Stor-It portfolio in Arkansas, New Mexico and Texas. The facilities, which comprise 563,000 square feet, are the first purchase made by BSS in the se…
U-Haul at Odds With Minneapolis Officials Over Self-Storage Conversion Plan
Phoenix-based U-Haul International Inc., which operates more than 1,400 self-storage locations across North America, is at odds with Minneapolis officials over a conversion project it’s pursuing in the Longfellow neighborhood. The 1.74-acre parce…
Hobby Shop to Become Defender Self Storage in Penn Hills, PA
Town Real Estate Enterprises LLC, a division of real estate development firm Kossman Development Co. (KDC), has submitted a zoning application to convert the former J&C Hobbies and Dollar General stores in Penn Hills, Pa., to a Defender Self Storag…
StorPlace Self-Storage Gets Approval for Mixed-Use Development in Nolensville, TN
The Nolensville, Tenn., Planning Commission this week approved the site plan for a mixed-use development that will include a StorPlace Self-Storage facility and retail space. The property at 7118 Nolensville Road, between Haley Industrial Drive and Kid…
Self-Storage Marketing: When to Outsource, When to Do It Yourself
When should you seek the help of a professional in marketing your self-storage business? Learn when to outsource your efforts and when to take a do-it-yourself approach.
Value Store It Pursues Self-Storage Conversion Project in Miami-Dade County, FL
Value Store It Inc., which operates 14 properties on the East Coast under the Value Store It Self Storage brand, intends to develop a 106,158-square-foot facility near the Cutler Bay area of Miami-Dade County, Fla. The project at 10900 S.W. 186th St. w…
2 Self-Storage Projects Proposed for Stratford, CT
Update 12/19/17 – The Stratford Zoning Commission has unanimously approved the self-storage component to the mixed-use project at 225 Lordship Blvd. The four-story structure will comprise 120,000 square feet of storage in 800 climate-controlled u…