Update 3/20/15 – The Lower Pottsgrove Zoning Hearing Board unanimously denied the zoning-variances request from GEG Investments, effectively ending its bid to build a self-storage facility on its property at Orlando and Mauger Roads and North Cha…
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Injunctive Action Taken Against Canadian Self-Storage Operator for Drainage Issues
Update 4/17/15 – Penticton officials have given Action Steel Sales Ltd. and Penticton Self Storage Ltd. a two-week extension to fix the drainage issues and a damaged retaining wall between their properties before the city takes legal action, acco…
Self-Storage Operators in Hawaii Report Increase in Business
Self-storage operators in Hawaii are reporting increased occupancy from homeowners downsizing their residences and business customers trying to offset rising lease rates in commercial real estate, according to the source. The local storage market has b…
SmartStop Self Storage Appoints New Controller
SmartStop Self Storage, which operates 163 facilities in 20 states and Canada, hired Matt Lopez as the controller assigned to the company’s two affiliated real estate investment trusts (REIT), Strategic Storage Growth Trust Inc. and Strategic Sto…
Self-Storage Insurance Company Bader Appoints New CEO
Bader Co., a supplier of tenant and commercial insurance to the self-storage industry, has appointed Darrell Gambero as its new CEO, effective immediately. Gambero has more than 40 years of experience in the insurance industry and 20 years of close ass…
Developer Seeks Approval to Build Self-Storage Condo Units in Clarendon Hills, IL
Real estate developer Kevin Anetsberger, who owns a parcel of land in downtown Clarendon Hills, Ill., is looking to build a two-story self-storage facility containing 16 units he hopes to sell to individual owners. He may be also open to renting them, …
Inside Self-Storage Image Gallery Highlights Conversion Projects
Inside Self-Storage (ISS) has published a new online image gallery, “From Old to New: Conversions Help Self-Storage Owners/Developers Bring Project Dreams to Life.” The free presentation gives viewers a visual tour of several recently compl…
Westy Self Storage in Lake Success, NY, Collects Dresses for Prom Boutique
Westy Self Storage of Lake Success, N. Y., is supporting the Long Island Volunteer Center’s 2015 Prom Boutique by acting as a collection site for donations of new and gently used prom gowns, bridesmaid dresses, special-occasion dresses, shoes, ha…
Self-Storage Finance Firm Jernigan Capital to Offer IPO Worth $100M
Jernigan Capital LLC, a merchant bank and advisory firm serving the self-storage industry, will hold an initial public offering (IPO) on March 27 in an effort to raise $100 million. The company will issue 5 million shares at $19 to $21 per share and ha…
Self-Storage Finance Firm Jernigan Capital Closes Initial Public Offering
Update 4/2/15 – Jernigan Capital has closed the IPO offering of 5 million shares of its common stock, the company announced yesterday in a press release. All shares, priced at $20, were offered by the company.