Real estate owner Peter Heaney is planning to convert a 102-year-old former Boys & Girls Club building in Worcester, Mass., to self-storage and, eventually, apartments. The historical structure at 2 Ionic Ave. has been vacant for 10 years and was n…
Amsdell Cos./Compass Self Storage Acquires Facility in Taunton, MA
Compass Self Storage, a member of the Amsdell family of companies, has purchased a facility in Taunton, Mass., that was previously managed by CubeSmart, a publicly traded self-storage real estate investment trust and third-party management firm. The pr…
Mixed-Use Development Projects in Charlotte, NC, to Include Self-Storage
Update 5/17/16 – The Charlotte City Council this week approved the self-storage project proposed by Pamlico Investments as well as another submitted by Real Estate Investment Fund LLC, but rejected a third development submitted by Stor-All Proper…
A-1 Self Storage Breaks Ground on San Diego Facility
The Caster Group, which operates 48 A-1 Self Storage locations in California, is building a new 114,000-square-foot facility in the Pacific Beach community of San Diego. A Sonic Drive-In fast-food restaurant will also be developed on a portion of the p…
Insights From a First-Time Self-Storage Developer: Designing a Marketing Strategy for a Facility in Lease-Up
A marketing strategy is critical to the success of any self-storage facility, particularly a new one in lease-up. The owner of Delaware Beach Storage Center in Lewes, Del., shares her plan to promote her facility, which is scheduled to open in May 2016…
Self-Storage REIT CubeSmart Buys Storage Deluxe Facility in Coney Island, NY, for $49M
CubeSmart, a publicly traded self-storage real estate investment trust and third-party management firm, has acquired a seven-story Storage Deluxe facility in Coney Island, N.Y., for $48.5 million, according to the source. The property at 809 Neptune Av…
County Board Rejects Extra Space Self-Storage Development Near Naperville, IL
Update 6/16/16 – The DuPage County board voted 15-2 on Tuesday against the self-storage development proposed by Extra Space and WM Ventures. The board rejected the project after development-committee members were divided on it last month, accordi…
Recipe for Success: Packaging Your Self-Storage Loan Request
Packaging a self-storage loan request is like following a good recipe. To get the best result, you need the right prep time, ingredients and instructions. Here’s a “recipe” for loan success, covering all elements of the package you&rs…
Dahn America360 Buys My Attic Self Storage in Tomball, TX, for $11.2M
Dahn America360 Storage II DST, which is sponsored by self-storage operator Dahn America360 LLC, has purchased My Attic Self Storage in the Houston suburb of Tomball, Texas, for $11.2 million. The facility will be branded as Mini U Storage Tomball.
Dahn America360 Buys My Attic Self Storage in Tomball, TX, for $11.2M
Dahn America360 Storage II DST, which is sponsored by self-storage operator Dahn America360 LLC, has purchased My Attic Self Storage in the Houston suburb of Tomball, Texas, for $11.2 million. The facility will be branded as Mini U Storage Tomball.