Christopher Ulu, owner of StorKeeper Self Storage in Honolulu, is developing a mixed-use project that will include self-storage, shared office space, an indoor swapmeet and more in Kapolei, a master-planned city in West Oahu, Hawaii. Slated to open in …
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Self-Storage Operator Tuxis Corp. Reports 1Q 2015 Financial Results
Tuxis Corp., which operates self-storage facilities in Connecticut and New York, reported its financial results for the first quarter ended March 31. The company recorded a net loss of $71,969, or $0.06 per share, for the quarter, compared to a net los…
UK Self-Storage Operator Safestore Releases Financial Results for First 6 Months of Fiscal 2015
U.K. self-storage operator Safestore Holdings PLC has released its financial statement for the first six months of its 2015 fiscal year, which ended April 30. The report indicates Safestore experienced growth in revenue, rental rates and occupancy at i…
Storage Post Self Storage Buys 9-Story Moishe’s Facility in NY for $95.6M
Storage Post Self Storage, a private company that operates storage facilities along the East Coast and in the South, has acquired a 280,000-square-foot Moishe’s Self Storage property in Brooklyn, N.Y., for $95.6 million. The structure at 35 Ryers…
Global Self Storage in Sadsburyville, PA, Expands With 2-Story Building
Update 6/18/15 – IREC has completed construction on the Global Self Storage expansion project, adding 23,650 square feet of storage space with the two-story building. The project included an elevator and two stair towers. A combination of brick and stu…
Self-Storage Facility and Microbrewery Approved in Fort Collins, CO
Update 11/17/15 – Fort Collins Self-Storage won unanimous approval from the planning and zoning board last week, clearing way for the company’s Lemay Avenue Brewery & Self-Storage Facility project. The seven-building storage facility wi…
Bentonville, AR, Commission Approves Plans for Mixed-Use Self-Storage Complex
Plans for a mixed-use self-storage complex were approved this week by the Bentonville, Ark., Planning Commission. BOS Park will be developed in two phases on 12.26 acres at Greenhouse Road and Southwest Airport Regional Boulevard. Phase one will be bui…
Self-Storage Development Request Denied in Belle Plaine, MN
A request by real estate developer Scott Schmidt to construct two self-storage buildings on vacant parcels he owns in Belle Plaine, Minn., was rejected this week by the city council. In a 4-0 vote, the council agreed with the planning commission’…
Planning Commission Approves Self-Storage Development in Paso Robles, CA
Real estate developer William Tucker received approval last week to build Theatre Drive Mini-Storage in Paso Robles, Calif., on 4 acres of land in a shopping center anchored by Idler’s Home, an appliance store. The facility at 2161 Theatre Drive …
Self-Storage REIT Extra Space Announces Public Offering of 5.5M Shares of Common Stock
Extra Space Storage Inc., a self-storage real estate investment trust (REIT) and third-party management firm, will offer 5.5 million shares of common stock in a public offering at $68.15 per share. The gross proceeds are expected to garner $374.8 milli…