Update 11/28/17 – MCSS has partnered with real estate investment firm Cypress Equity Investments LLC (CEI) to launch a joint venture as Pacific Storage Partners. The new entity will target development opportunities in Los Angeles and Northern Cal…
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Miami City Self Storage, Cypress Equity Investments Form Joint Venture to Pursue California Projects
MK Industries Seeks to Convert Former Target Store to Self-Storage in Austell, GA
Real estate firm MK Industries LLC is seeking approval from Cobb County officials to convert a former Target storage in Austell, Ga., to self-storage. The property at 3757 Floyd Road includes a 98,000-square-foot building on about 5 acres. Venture Home…
Rivercrest Realty Investors Expands Self-Storage Portfolio in South Carolina
Rivercrest Realty Investors LLC, a Raleigh, N.C.-based commercial real estate firm, has expanded its self-storage portfolio with two Lockbox Self Storage facilities in South Carolina. The first is an acquisition in Greenville, which was purchased in Ju…
Life Storage Acquires 3 Space Shop Self Storage Properties in Metro Atlanta
Self-storage real estate investment trust Life Storage Inc. and a joint-venture partner have acquired three Space Shop Self Storage properties in Metro Atlanta from Stein Investment Group, a private real estate investment firm. Totaling more than 300,0…
Santa Fe Springs, CA, to Lift Restriction on Limiting Self-Storage Development
Officials in Santa Fe Springs, Calif., are set to lift a 43-year restriction that banned self-storage facilities from being developed along the city’s major thoroughfares. The city council agreed to eliminate the ban last week and is expected to …
Safehouse Self-Storage Among Buildings Destroyed in London Fire
A fire at a warehouse last night in Tottenham, a district in North London, destroyed most of Safehouse Self-Storage as well as several other businesses. Twenty fire engines and 140 firefighters spent hours extinguishing the blaze at the White Hart Lane…
Self-Storage Competitors Get Green Light to Build in Grafton, WI
The Grafton, Wis., Zoning Board of Appeals last week unanimously rejected a petition by one local self-storage developer to bar a project proposed by another. Bruno Hanney, owner of Bruno’s Self Storage, is building a facility at 2091 County Road…
Inside Self-Storage Releases Slideshow on 2017 Top-Operator Data
Inside Self-Storage (ISS) has released a slideshow focusing on key data from its 2017 Top-Operators Lists, an annual compilation ranking the industry’s leading players by net rentable square feet. “The 2017 Top-Operators Lists: The Self-Storage I…
Greystone Holdings Buys Self-Storage Development Sites in Antioch and Gilroy, CA
Self-storage developer Greystone Holdings LLC has acquired two vacant properties in Northern California on which it intends to build self-storage. The company paid approximately $6.25 million in separate deals. Both parcels are pre-approved for self-st…
Officials in Battle Ground and Ridgefield, WA, Debate Self-Storage
City officials in Battle Ground and Ridgefield, Wash., are discussing how they should designate self-storage within their respective zoning frameworks to deal with an influx of development applications. The small towns are about 17 miles north of Vanco…