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The Roll Up: Weekly Self-Storage Development Round Up 9.30.15
Planned U-Haul purchased a massive office and warehouse space (pictured above) in Richmond, VA for $4.3 million. The 200,000-square-foot building at 8741 Landmark Road was previously occupied by a...
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Exclusive: Banner Storage Group goes big with $185 million pipeline
One of the newest self-storage developers in the industry is shaping up to be among the most prolific. Launched in 2013 and completing its first facility in 2014, Northbrook, IL-based Banner Storage...
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The Roll Up: Weekly Self-Storage Development Round Up 10.14.15
Planned Imbus Enterprises of Ohio wants to build a 627-unit self-storage facility in Florence, OH. The 5.2-acre site was formerly Florence Nursery at 7501 US-42. The local planning commission is...
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StorageMart puts brakes on expansion project in Canada
Columbia, MO-based operator StorageMart has shelved a planned expansion at a facility it owns in Saskatoon, the largest city in the Canada’s Saskatchewan province. A slumping economy and a rise in...
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The Roll Up: Weekly Self-Storage Development Round Up 10.28.15
Planned US Storage Centers has gotten the green light to build a 123,000-square-foot self-storage facility in North Miami, FL (pictured above). The five-story facility planned for 15555 West Dixie...
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Public Storage absorbing demand faster than expected
Public Storage CEO Ron Havner said that new supply in the industry is on the way, but it won’t impact their financial performance anytime soon. “New supply is coming and I believe it will continue to...
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The Roll Up: Weekly Self-Storage Development Round Up 11.4.15
Planned Public Storage wants to build a 158,000-square-foot self-storage facility in Deerfield Beach, FL. The proposed development project also includes the development of an 8,744-square-foot...
View ArticleSovran Self Storage CEO bullish on 2016 prospects
With new supply still limited and demand continuing to rise, Sovran Self Storage CEO David Rogers sees little headwinds ahead for the self-storage industry heading into next year. “It’s classic...
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Research firm starts tracking self-storage development
A research organization known for tracking the hotel industry is turning their attention towards self-storage development. Hendersonville, TN-based STR, Inc. (formerly Smith Travel Research) has...
View ArticleCubeSmart CEO: “More challenging to find deals”
As developers pursue self-storage projects across the country, many are getting bogged down by red tape, according to CubeSmart CEO Christopher Marr. “I think it is just incredibly difficult to get...
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Jernigan: Still seeing very little new starts
New supply in the self-storage supply is coming, but not quite yet. Dean Jernigan, CEO of self-storage lending firm Jernigan Capital, said during the company’s recent earnings conference call that...
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Chris Sonne Q&A: What’s ahead for self-storage development?
R. Christian Sonne has been tapped to lead CBRE Group’s newly created self-storage valuation division. Sonne joins CBRE after leading self-storage valuation services at Cushman & Wakefield for more...
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The Roll Up: Weekly Self-Storage Development Round Up 11.18.15
Planned Developer Miami City Self Storage seeks approval to build a 100,000-square-foot self-storage facility at 18460 Pines Boulevard in Pembroke Pines, FL. The 2.85 acre site is owned by the city and...
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NYC Mayor casts cloud on self-storage development
A proposed zoning change in New York City could put the brakes on self-storage development in many parts of the city. Mayor Bill de Blasio’s plan would eliminate by-right development for self-storage...
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Get Space shifts gears to focus on expanding pipeline
Self-storage developer Get Space continues to expand its pipeline in the Portland, OR area with new plans to build a 130,000-square-foot facility in the up and coming Slabtown neighborhood. Hillsboro,...
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The Roll Up: Weekly Self-Storage Development Round Up 12.3.15
Planned MCSS Self Storage (formerly Miami City Self Storage) has acquired its eighth development site, located at 1781 South Park Road in Pembroke Park, FL. The completed facility will span...
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U-Stor-It project poised to be tallest in Chicago
Chicago-area self-storage operator U-Stor-It is nearing completion of its latest downtown facility—at 21 stories the facility would be the tallest in the city. The project is a conversion of an...
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What is holding back self-storage development?
Last decade, there seemed no end to the construction boom of new self-storage facilities across the country. At one point, as many as 3,500 new facilities were being built per year, as developers...
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The Roll Up: Weekly Self-Storage Development Round Up 1.27.16
Reliant Real Estate Management is expected to start construction next month on a new self-storage facility on Vanderbilt Beach Road in North Naples, FL, the first development in the planned mixed-use...
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Self-storage construction spending breaks $1 billion in 2015
Self-storage construction spending surged last year by 73.3 percent across the US, breaking the billion dollar mark for the first time since 2008. Total “mini-storage” construction, as the US Census...
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