Two self-storage projects are under development along U.S. Highway 321 in Lenoir City, Tenn. One is a conversion of a former boat dealership, while the other is a newly built site.
Real Estate Firm Marcus & Millichap Promotes Mele to Senior Managing Director of Investments
Marcus & Millichap Real Estate Investment Services, a commercial property-investment firm prominent in the self-storage industry, recently named Michael Mele as senior vice president of investments in the company’s Tampa, Fla., office. Most r…
Self-Storage Could Be Banned From Parts of Downtown Charleston, SC
Officials in Charleston, S.C., may tighten restrictions on self-storage, including banning the business use from its urban commercial district near downtown. The planning commission is expected to consider the action on Wednesday, along with reclassify…
Self-Storage Facility With Delivery Center Proposed for Roanoke, VA
Update 3/16/17 – The Roanoke Planning Commission approved the Cherney Development Co.’s rezoning application for a second time on Monday, with Katz recusing herself from the 5-0 vote. If approved by the city council, the rezoning would allo…
Self-Storage Firm Investment Real Estate Names New Director of Operations
Investment Real Estate LLC (IRE), a property-management and consulting firm serving the self-storage industry, has promoted Jason Carl to director of operations. His responsibilities will include setting policies and systems to ensure the achievement o…
Self-Storage Firm Strategic Storage Trust II Names New President
Strategic Storage Trust II Inc. (SST II), a public, non-traded, self-storage real estate investment trust (REIT) sponsored by SmartStop Asset Management LLC, has appointed Michael S. McClure as the company’s new president. He replaces H. Michael Schwar…
Avoiding and Addressing Property-Damage Incidents at Your Self-Storage Facility
Even the most diligent self-storage operator isn’t immune from experiencing property damage at his facility from time to time. Here’s are some common incidents that can occur and how to avoid and address them.
UK Self-Storage Operator Lok’nStore Releases Pre-Close Financial Results for First Half of Fiscal 2017
U.K. company Lok’nStore Group PLC, which provides self-storage and records-storage services, released a pre-close update for the first half of its 2017 fiscal year, which ended Jan. 31. The company reported a 3.9 percent year-over-year increase in self…
Henry S. Miller Cos. Builds Self-Storage in Garland, TX
Henry S. Miller Cos. (HSM), a Texas-based real estate firm, is developing a self-storage facility in Garland, Texas, under the auspices of HSM Hwy 66 Storage LP. The property is expected to open this fall and will be managed by self-storage real estate…
Operating Self-Storage in Norway: Technology Paves the Way for OK Minilager AS
The self-storage industry has gained momentum in numerous countries in recent years. In each, the business has developed in its own way. This is the story of OK Minilager AS, a self-storage operator with more than 40 locations in Norway, and how it has…