Virtus Real Estate Capital LLC, a real estate private equity firm, has raised $408.5 million, the majority of which will be used for property investments including self-storage. Of the committed amount, $308.5 million is earmarked for Virtus Real Estat…
Developer Seeks to Build 5-Story Self-Storage Facility on Site of Former McDonalds in Birmingham, AL
Real estate developer Brooks Lumpkin of Lumpkin Development is facing opposition to build a five-story self-storage facility on a former McDonald’s site in Birmingham, Ala. Lumpkin’s variance request for shorter setbacks on the property alo…
SoBe Wine & Self Storage Opens in Miami Beach, FL
SoBe Wine & Self Storage has opened in a historic neighborhood in Miami Beach, Fla., close to commercial, residential and retail. The three-story property at 633 Alton Road contains nearly 1,000 storage units in varying types, including traditional…
National Self Storage Breaks Ground on Marana, AZ, Facility
National Self Storage (NSS) recently broke ground on a new property in Marana, Ariz. The development will be the first multi-story, climate-controlled storage facility in Dove Mountain, a master-planned community about 40 minutes from Tucson, according…
Menards Seeks Zoning Approval to Convert Former Milwaukee Pick ‘n Save to Self-Storage
Menard Inc., which operates the Menards home-improvement retail chain throughout the Midwest, intends to buy a former supermarket next to one of its existing stores in the Northridge area of Milwaukee and convert it to self-storage. The company is seek…
Highland Development Ventures Buys Newly Converted Self-Storage Property in West Allis, WI
Real estate developer Highland Development Ventures LLC has acquired a self-storage facility in West Allis, Wis., a Milwaukee suburb, for $5.5 million. The 49,330-square-foot property at 232 S. Curtis Road was very recently converted from a former ware…
Extra Space Opens New Self-Storage Facility in Chicago’s Wicker Commons Shopping Mall
Update 8/2/17 – While the first phase of the Wicker Park Extra Space facility is now open, developers Cedar Street Capital and JSM Venture Inc. are also converting the adjoining building at 1300 N. Ashland Ave. to self-storage to house the bulk o…
ISS News Desk: Inside Self-Storage Announces Changes to Leadership
Inside Self-Storage, recently announced several changes to its executive leadership team. ISS Founder Troy Bix is leaving the brand to explore new business opportunities. Stepping up to take his place as ISS Vice President is Teri Lanza, who’ll o…
Self-Storage Roofs: How Preventative Maintenance Makes Dollars and Sense
Waiting until your self-storage roof springs a leak is the wrong way to approach its maintenance. A proactive approach will minimize repair costs and extend roof life.
Ash Properties/Atlantic Self Storage Seek Donations for ‘Back 2 School Supply Drive’
Ash Properties Inc., a development and property-management company that operates the Atlantic Self Storage brand in Florida, has teamed up with local businesses to collect donations for its “Back 2 School Supply Drive.” Contributions can be…