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The Roll Up: Weekly Self-Storage Development Round Up 8.23.17
Advantage Self Storage of Louisville, CO, already has 11 locations in Colorado, Maryland, New York and Massachusetts. Now, as part of its new business partnership with Farrell Storage of Bridgehampton,...
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The Roll Up: Weekly Self-Storage Development Round Up 8.30.17
The former Herald-Sun building in Durham, NC, will be converted into self-storage units and office space. Durham-based Ticon Properties bought the former newspaper site at 2828 Pickett Road more than...
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The Roll Up: Weekly Self-Storage Development Round Up 9.6.17
Jernigan Capital Inc. has closed a $9 million investment in Orlando, FL, for a 779-unit self-storage facility. The Memphis, TN, company provides debt and equity capital to private developers, owners...
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The Roll Up: Weekly Self-Storage Development Round Up 9.13.17
There will be a delay of approvals for new self-storage facilities for at least one year in Federal Way, WA. The City Council has imposed a one-year moratorium on expanding or creating new facilities...
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Developer completes storage conversion near Honolulu
After just over a year of development, a Beverly Hills, CA-based developer has completed work on Hawaii’s newest self-storage development. Not only is it the newest, but the 53,000-rentable-square-foot...
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The Roll Up: Weekly Self-Storage Development Round Up 9.20.17
The South Florida city of Margate won’t allow any new self-storage facilities to open within its borders. “We have nine in nine square miles,” Vice Mayor Arlene Schwartz told the South Florida...
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Florida storage developers navigate oversupplied markets
Some parts of Florida, especially in the Miami area, seem to have hit the breaking point when it comes to the construction of new self-storage facilities. Earlier this month, the city of Margate, in...
View ArticleDallas leads nation in self-storage construction projects
After this year you might start calling the Big D the Big S—as in self-storage. The Dallas-Ft. Worth metro area has more than 9 million square feet of storage space under development, according to a...
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The Roll Up: Weekly Self-Storage Development Round Up 9.27.17
There’s not enough room in town for the two of us: A petition filed by Bruno Hanney, owner of Bruno’s Self-Storage, to prevent another self-storage developer from pursuing a project less than 1 mile...
View ArticleTitan Development hits ground running with six new self-storage projects
Over the next few months, a New Mexico-based real estate developer is turning dirt on the first six self-storage facilities in its development pipeline. From January through March, Albuquerque,...
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The Roll Up: Weekly Self-Storage Development Round Up 1.24.18
About 900 new self-storage facilities were built nationwide in 2017 – up 50 percent from 600 projects in 2016, according to BBG, a Dallas-based commercial real estate valuation, advisory and assessment...
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Developers doubled down on storage in 2017
The self-storage industry built more than twice as many storage facilities in 2017 than it did the year before. That is according a new findings released by Union Realtime, a data firm that tracks the...
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The Roll Up: Weekly Self-Storage Development Round Up 1.31.18
Phoenix-based Wentworth Storage Co. bought nine properties in 2017, a combination of existing storage facilities and development sites. It also sold three facilities in the Las Vegas area. The nine...
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Houston startup building self-storage business by building with shipping...
If all goes as planned, dozens of self-storage facilities built out of repurposed shipping containers will be surfacing around the country with backing from a Texas startup and a growing number of...
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The Roll Up: Weekly Self-Storage Development Round Up 2.7.18
Lumpkin Development plans to open a Metro Mini Storage facility now that it has bought a defunct shopping mall, the 65-acre Century Plaza in Birmingham, AL, for $3 million. The mall has been empty for...
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The Roll Up: Weekly Self-Storage Development Round Up 2.14.18
Yet another shuttered department store is getting the self-storage treatment. US Storage Depot plans to convert a former J.C. Penney store in Aviation Plaza in Oshkosh, WI, into a self-storage...
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The Roll Up: Weekly Self-Storage Development Round Up 2.21.18
New life has come to a proposed self-storage facility near the Tramonto development in Phoenix, AZ. Developer High Range Partners withdrew its application after local residents objected to the facility...
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The Roll Up: Weekly Self-Storage Development Round Up 2.28.18
A new Storage King USA facility is planned for 1245 Northeast 12th Avenue in Homestead, FL. The 110,000-square-foot project is a joint venture between Andover Properties and Angelo, Gordon & Co....
View ArticleJernigan: “The reports on the demise of the storage sector are greatly...
Jernigan Capital CEO Dean Jernigan kicked off the company’s recent earnings conference call with his own spin on a classic Mark Twain quote: “The reports on the demise of the storage sector are greatly...
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The Roll Up: Weekly Self-Storage Development Round Up 3.7.18
Swing and a miss: The Los Altos Batting Range at 9501 Lomas NE in Albuquerque, NM, has struck out after 35 years, a victim of baby boomers developing sore shoulders, arms, backs and knees, as well as...
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