TNT Self-Storage Management, a third-party management firm serving the self-storage industry, has received a customized suite of cash-management services from Pacific Mercantile Bank. The specialized program integrates with TNT’s accounting softw…
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Legislation Allows New Mexico Self-Storage Operators to Sell Tenant Insurance
The New Mexico Legislature has passed Senate Bill 301 (SB 301), which would allow self-storage operators in the state to sell tenant insurance to customers. The measure would grant operators a limited-lines license to sell only policies covering the lo…
Citadel Storage Partners Breaks Ground on 3-Story Self-Storage Facility in St. Matthews, KY
Self-storage developer Citadel Storage Partners I LP, a Delaware limited partnership, held a ground-breaking ceremony today for its storage facility in St. Matthews, Ky. The 11 a.m. event included city officials, members of the chamber of commerce…
Mixed-Use Project Including Self-Storage, Restaurant, Dance Hall Approved in Denison, TX
The Denison, Texas, Planning and Zoning Commission on Tuesday approved two conditional-use permits for a mixed-use development project that will include self-storage, a restaurant, a dance hall with lounge, and retail space. Jonathan Earnhart, who owns…
U-Haul Expands Self-Storage Footprint in El Paso, TX
Phoenix-based U-Haul International Inc., which operates more than 1,300 self-storage locations across North America, acquired Sun City Self Storage in El Paso, Texas. The 7.28-acre property at 10485 Dyer St., which has been rebranded as U-Haul Storage …
UK Self-Storage Operator Safestore Struggles to Gain Backing for Executive Pay
Update 7/19/16 – A revised remuneration policy for Safestore executives is also in jeopardy of being rejected by shareholders. At least two voting advisory services—Institutional Shareholder Services Inc. and Institutional Voting Informatio…
Standoff Leads to Arrest at Post Falls, ID, Self-Storage Facility
A wanted man who barricaded himself inside a self-storage unit in Post Falls, Idaho, for 18 hours finally surrendered to police on Tuesday after they threatened to send in a police dog though an adjoining unit. Police were called to Post Falls Mini Sto…
U-Haul Expands Hanover, IL, Self-Storage Facility Via Acquisition, Conversion
Phoenix-based U-Haul International Inc., which operates more than 1,300 self-storage locations across North America, has acquired a property adjacent to its facility in Hanover, Ill., with the goal of converting the existing structure to self-storage, …
Kilauea Mini Storage of Hawaii Helps Rotary Club Raise $11K
A garage sale at a self-storage facility in Kilauea, Hawaii, last weekend raised $11,000 for the Rotary Club of Hanaei Bay. John Gillen of Kilauea Mini Storage donated the space for the fundraiser on March 18. The money will be used to support the club…
The Natchez Group to Build Northside Self Storage in Chattanooga, TN
Self-storage developer The Natchez Group recently acquired a 2.5-acre lot in Chattanooga, Tenn., on which it intends to build a self-storage facility. Northside Self Storage will comprise 75,000 square feet in more than 600 units and sit at the rear of…