In the not-too-distant future, in a galaxy very close to you, a great adventure will unfold: the 2017 Inside Self-Storage World Expo. Learn how the biggest show of the year can help awaken your self-storage “Force,” taking you from Padawan …
GHK Cape Fear Development Proposes Self-Storage Project for Wilmington, NC
Commercial real estate developer GHK Cape Fear Development intends to build a self-storage facility on a vacant 4-acre lot in Wilmington, N.C. The facility at 1101 S. 17th St. would comprise 76,000 square feet. The land is zoned for light-industrial us…
Former Self-Storage Employee Alleges Metro Mini Storage Failed to Pay Him Overtime
A former employee of Texas-based Metro Mini Storage Inc. has filed a lawsuit against the self-storage company and director Lorraine Drake alleging breach of contract for unpaid overtime wages. Michael Alford filed the complaint on Jan. 13 in the Housto…
Volta Global to Convert Former Sports Authority to Self-Storage in Orlando, FL
Volta Global LLC, a private investment firm, has purchased a former Sports Authority in Orlando, Fla., which it plans to convert to self-storage. It will be the company’s first new development since entering the storage market last year under the…
Self-Storage Lender Live Oak Bank Donates $250K to Wilmington, NC, Medical Center
Live Oak Bank, which includes a self-storage lending division, recently donated $250,000 to the New Hanover Regional Medical Center (NHRMC) Foundation in Wilmington, N.C. The funds will support patients and their families as well as physicians and staf…
Self-Storage Lender Live Oak Bank Donates $250K to Wilmington, NC, Medical Center
Live Oak Bank, which includes a self-storage lending division, recently donated $250,000 to the New Hanover Regional Medical Center (NHRMC) Foundation in Wilmington, N.C. The funds will support patients and their families as well as physicians and staf…
Prepaying Your CMBS Loan: Choosing the Best Option for Your Self-Storage Business
Most commercial mortgage-backed securities loans are offered with the borrower’s choice of prepayment option: yield maintenance or defeasance. Here’s why these penalties are necessary and the pros and cons of each.
Amy’s Attic Self Storage Invites Community to Create Valentine’s Day Cards for Elderly
Amy’s Attic Self Storage, which operates six facilities in Texas, has launched is inviting community members to stop by the facility and create Valentine’s Day cards for the elderly. Decorating stations were set up on Jan. 19 at Amy’s…
U-Haul Expands Self-Storage Facility in Springfield, MO
Phoenix-based U-Haul International Inc., which operates more than 1,300 self-storage locations across North America, has acquired an abutting strip mall to its facility in Springfield, Mo., with plans to convert it to self-storage. The 1.28-acre proper…
Self-Storage Firm Investment Real Estate Hires Brokerage Advisor for Mid-Atlantic Region
Investment Real Estate LLC (IRE), a property-management and consulting firm serving the self-storage industry, has hired George Hatchard as brokerage advisor. His responsibilities will include buyer representation, due diligence, feasibility studies, f…