The Yolo County, Calif., Planning Commission unanimously approved a special-use permit on April 13 to allow developer Jim Donovan of WoodYard LLC to build a self-storage facility on the site of the former Metro Auto Wrecking Yard. The 8.8-acre site on …
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Illinois Lawmakers Consider Broad Sales Tax on Self-Storage Rentals, Other Services
Illinois state senators have proposed a new tax bill that would apply a 6.25 percent sales tax to several services including self-storage. Known as the Budget Economic Stabilization Fund Act, Senate Bill 9 (SB 9) also includes increases to income tax a…
Strategic Storage Trust IV Acquires Jensen Beach, FL, Self-Storage Facility
Strategic Storage Trust IV Inc. (SST IV), a public, non-traded, real estate investment trust (REIT) sponsored by SmartStop Asset Management LLC, has acquired a self-storage facility in the Port St. Lucie, Fla., suburb of Jensen Beach. The former Jensen…
U-Haul Self-Storage CEO Named W. P. Carey School of Business 2017 Executive of the Year
U-Haul International Inc., which operates more than 1,300 self-storage locations across North America, announced CEO Edward J. “Joe” Shoen will be awarded the 2017 Executive of the Year Award by the W. P. Carey School of Business at Arizona State Unive…
U-Haul to Expand Its Mt. Juliet, TN, Self-Storage Location
Phoenix-based U-Haul International Inc., which operates more than 1,300 self-storage locations across North America, has purchased a property adjacent to its facility at 14535 Lebanon Road in Mt. Juliet, Tenn., with the goal of building a new structure…
Planet Self Storage Part of Opening Celebration of Massive Mixed-Use Project in Norwood, MA
Norwood Space Center, a 300,000-square-foot mixed-use project in Norwood, Mass., will celebrate the completion of its first phase with a “Grand Opening Spring Open House” event April 29-30. The development at 83 Morse St. includes a new, 66…
Self-Storage Development on the Rise in The Woodlands, TX, Area
The Woodlands, Texas, a 28,000-acre master-planned community near Houston, is experiencing a self-storage development boom. The vicinity has grown from being served by a single facility, opened last year by Free Eagle Storage, to three facilities, as A…
Self-Storage Operator/Equity Investor Elite Stor Capital Partners Rebrands as SROA Capital LLC
Elite Stor Capital Partners LLC, an equity investor focused on the self-storage industry, has changed its name to SROA Capital LLC to better align with its operating brand, Storage Rentals of America. The company will remain “a vertically integra…
Wentworth Storage Co. Purchases 11 Acres to Build Self-Storage in Scottsdale, AZ
Commercial real estate firm Wentworth Storage Co. LLC (WSC) and development partner Crow Holdings have acquired 11.08 acres in Scottsdale, Ariz., on which they plan to build a two-story self-storage facility. The Pima 101 project at 17492 N. 91st St. w…
U-Haul Gets County Approval to Build $15M Self-Storage Facility in Amsterdam, NY
Phoenix-based U-Haul International Inc., which operates more than 1,300 self-storage locations across North America, is aiming to build a truck-rental and self-storage facility on 7.32 acres along Route 30 in Amsterdam, N.Y. The project would comprise …