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Self-storage development searches for equilibrium
Self-storage development is considered by some to be the darling of the commercial real estate world right now, but that doesn’t mean some markets aren’t more oversupplied – or undersupplied – than...
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Extra Space buys “monstrous” storage facility at C of O
Extra Space Storage has closed on a newly converted storage facility in Glendale, CA for $13.8 million. The property was previously the studio of acclaimed movie makeup artist Rick Baker. Broker...
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Austin and Dallas enter the ‘danger zone’, Jernigan says
Texas has been at the forefront of the latest self-storage development cycle, but industry heavyweight Dean Jernigan thinks things are getting overheated. Jernigan, who leads publicly traded...
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The Roll Up: Weekly Self-Storage Development Round Up 10.12.16
Columbia, SC-based Taylor/Theus Holdings has received the necessary approvals to build an 81,000-square-foot self-storage facility at 1440 South Dixie Highway in Hollywood, FL. The company expects to...
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As prices rise, storage construction poised for record year
Some people thought there was no way self-storage construction spending could keep pace with last year’s growth rate of more than 70 percent. It actually hasn’t kept pace, it’s accelerated at a 124...
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The Roll Up: Weekly Self-Storage Development Round Up 11.9.16
Phoenix-based Wentworth Storage Co. LLC purchased two industrial properties in San Diego and Chula Vista with plans to convert them into self-storage facilities. The company paid approximately $27.8...
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The Roll Up: Weekly Self-Storage Development Round Up 11.23.16
The developer of a proposed self-storage facility in Morristown, NJ has shaved a floor off of its original plan in an attempt to appease residents. Hampshire Properties reduced their original plan for...
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Restrictions on self-storage development proposed in Miami
Tighter rules on where and how self-storage facilities in Miami are constructed could soon become law. The city of Miami’s Planning, Zoning, and Appeals Board (PZAB) unanimously approved an ordinance...
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How sustainable is Portland’s storage boom?
Portland, Oregon could be headed into overbuilt territory when it comes to self-storage, while some developers and owners say the rate of growth is sustainable. In all, more than 1.6 million square...
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10 Federal forges ahead with unmanned facilities
An East Coast company has put its own twist on fully automated self-storage, and customers have responded with resounding approval. 10 Federal Storage LLC opened its first built-from-the-ground-up...
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The Roll Up: Weekly Self-Storage Development Round Up 12.21.16
Miami-based MCSS Self Storage has opened the first three of several new self-storage facilities it has under development. The new facilities are located as follows: 590 NW 137th Ave Miami, FL 33182,...
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10 Storage Companies to Watch in 2017
As the self-storage industry heads into 2017, old and new players alike are looking to make their mark in an increasingly competitive self-storage industry. Based on their past performance and future...
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The Roll Up: Weekly Self-Storage Development Round Up 1.4.16
Costa Mesa, CA-based North American Self Storage Group have closed on a new development site at 9950 Mills Station Road in Rancho Cordova, CA near Sacramento. The company will convert the former...
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The Roll Up: Weekly Self-Storage Development Round Up 1.18.17
Orlando, FL-based Liberty Investment Properties is currently building a 90,000-square-foot self-storage facility near the The Mall at Millenia in Orlando. The property will offer a drive-thru bay and...
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Storage developers up stakes for retail sites
As more and more retailers find themselves retreating from brick-and-mortar spaces, self-storage developers are seizing the opportunity to build facilities in prime locations. Supermarkets, office...
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The Roll Up: Weekly Self-Storage Development Round Up 2.1.17
Orlando-based Liberty Investment Properties has partnered with Osprey Capital to develop a new 92,000-square-foot self-storage facility in downtown St. Petersburg, FL. The group recently broke ground...
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New JV targets self-storage development in Denver and beyond
Fast-growing Denver has many self-storage facilities in place — but there’s still room for more, according to a new joint venture that plans to spend about $40 million to build three such buildings in...
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The Roll Up: Weekly Self-Storage Development Round Up 2.15.17
The owners and operators of a firehouse-themed storage facility are building a second, and even-bigger facility in Longmont, CO. Owned and operated by Chris and Barbi Burton, the second FireHouse Self...
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The Roll Up: Weekly Self-Storage Development Round Up 3.1.17
Safeguard Self Storage has completed a new 50,750-square-foot self-storage facility at 1112 East Tremont Street in the Bronx, its 25th facility in New York. The new facility offers 905 units. The...
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The Roll Up: Weekly Self-Storage Development Round Up 3.22.17
LSC Development LLC has won a “controversial” zoning case over its plans to build a five-story self-storage facility at 5150 N. Northwest Highway in Chicago’s Jefferson Park neighborhood. The approved...
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