SpareFoot, an online marketplace for self-storage consumers, has reduced the size of its call-center staff to better align resources to handle large increases in online reservations. The layoffs come after the company announced earlier this year it was…
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Self-Storage REITs Release Financial Results for Second-Quarter 2015
The four publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Public Storage Inc. and Sovran Self Storage Inc.—have released financial statements for the quarter that ended June…
US Storage Centers Enters Nevada Self-Storage Market With Las Vegas Acquisition
US Storage Centers Inc. (USSC), which owns and operates more than 85 self-storage facilities in 13 states, has made its first Nevada acquisition with the purchase of American Mini Storage in Las Vegas. The company provided third-party management for th…
SecurCare Self Storage Buys ValueSpace Storage Portfolio in Georgia
SecurCare Self Storage Inc., an affiliate of National Storage Affiliates Trust (NSAT), has acquired the two-property ValueSpace Storage portfolio in Georgia. The facilities at 141B Butterworth Road in Canton and 5990 Parkway N. Boulevard in Cumming are…
Planning Board Backs 2 Self-Storage Projects in Omaha, NE, Suburbs Despite Resistance From Residents
Despite public outcry, two self-storage developers received approval from city officials on Aug. 5 to move forward with separate projects in suburbs of Omaha, Neb. Omaha Planning Department board members voted 5-2 to permit Daryl Leise to build a self-…
Argument Continues in 126 Self Storage Lawsuit Over Massachusetts Campaign-Finance Law
Update 1/4/18 – The Massachusetts Supreme Judicial Court (SJC) is scheduled to hear oral arguments in March on the provision that allows unions to contribute to state political candidates but bars businesses from making political donations. The u…
Yardi Receives PCI-DSS Security Certification for Self-Storage Management Software
Yardi Systems Inc., which produces management software for self-storage and other types of real estate, has received an “Attestation of Compliance” for the Payment Card Industry (PCI) Data Security Standard (DSS) 3.0, put in place by the PC…
Hong Kong Valet-Storage Startup Boxful Acquires Competitor Go N Live
Boxful, a Hong Kong-based startup business specializing in valet self-storage services, has acquired Go N Live (GNL), a smaller competitor in the same market. The move comes after Boxful received $6.6 million in Series A funding in June, which company …
Self-Storage Facility in Palm Bay, FL, Sold for $11M
Additional Storage of Palm Bay, a self-storage facility in Palm Bay, Fla., sold to an investment unidentified company headquartered in the Northeast for $11 million. The seven-building property at 270 Malabar Road was constructed in 2000 and expanded i…
U-Haul Gets Second Chance for Approval of Self-Storage Conversion Project in Lake Zurich, IL
Following several weeks of debate, The U-Haul Co. received approval on Aug. 3 to submit a revised site plan for a self-storage conversion project on the northeast corner of Buesching Road and Route 22 in Lake Zurich, Ill. With a unanimous vote, vi…