Folsom Self Storage in Folsom, Calif., was recently named “Best Storage Facility” in the 2015 “Best of the Best” reader-choice poll sponsored by local newspaper “The Folsom Telegraph.” The annual survey asks readers …
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Extra Space Acquires SmartStop Self Storage for $1.4B
Update 10/1/15 – Extra Space Storage has completed its acquisition of SmartStop Self Storage following approval of the deal on Tuesday by SmartStop shareholders, who received $13.75 per share in cash, representing the total purchase price of $1.4…
Mini Price Storage of Virginia Beach, VA, Ordered to Pay Ex-Employee for Alleged ‘Improper Firing’
Mini Price Storage, which operates more than 20 self-storage properties in Virginia, was ordered by a judge this week to pay former employee Sean Mohammed $150,730 in back pay as well as attorneys’ fees and court costs for alleged “improper…
Hong Kong Valet-Storage Startup Boxful Raises $6.6M in Series A Funding
Boxful, a Hong Kong-based startup business specializing in valet self-storage services, has closed on $6.6 million in Series A funding. Investors in the round include Arocrest Capital Management, Great Eagle Holdings Ltd., Lonsdale Capital Pte. Ltd. an…
LifeStorage Secures $300M to Finance Self-Storage Expansion
California-based self-storage operator LifeStorage LP has secured $300 million in financing, which it will use to fund future expansion. The acquisition-facility and term loan is through a consortium of lenders led by BMO Capital Markets Corp. and Citi…
Waterloo, IA, Self-Storage Developer Receives Land Gift/Incentive From City
Real estate developer Jim Ellis, owner of GMJ2 Industries LLC, received a land gift from the City of Waterloo, Iowa, on which to build a $1.1 million self-storage facility. In a 5-2 vote, Waterloo City Council members agreed to the deal as part of its …
McCarthy’s Removals Completes £2M Self-Storage Conversion in Wakefield, England
Update 6/11/15 – McCarthy’s Storage World Wakefield is now open for business. The two-story self-storage facility comprises 40,000 square feet in more than 400 units. It offers 24-hour access, drive-up units and a retail assortment of movin…
Zoning Amendment Makes Headway for Self-Storage in Cranbrook, British Columbia, Canada
Property owner Kurt Swanson of KL Swanson Enterprises Ltd. received mixed city-council support this week for a proposed zoning amendment that would enable him to convert a commercial building to self-storage in Cranbrook, British Columbia, Canada. Swan…
Shurgard Self-Storage Agrees to Buy Dutch City Box Chain From Immofinanz Group
Shurgard Self-Storage, the international brand operated by U.S. real estate investment trust Public Storage Inc., has agreed to purchase the 23-property City Box self-storage portfolio controlled by Immofinanz Group, an Austria-based real estate invest…
Tenant Faces Murder Charge in Shooting at Paducah, KY, Self-Storage Facility
A self-storage tenant is facing a murder charge after shooting and killing an alleged burglar on Monday at AAA Stow-A-Way Storage in Paducah, Ky. Jeffrey Conrad, 49, of Benton, Ky., was arrested on Tuesday by the McCracken County Sheriff’s Department a…