by Bruce Goldberg | Feb 5, 2025 | Development, Industry Trends
In Maricopa, Arizona, Carefree Covered RV Storage announced it will begin construction next month on its eighth location nationally and sixth one in the Phoenix metro. The construction is scheduled to end by late 2025. The site at 45760 W. Estrella Parkway is on 11...
by Bruce Goldberg | Feb 5, 2025 | Acquisitions, Industry Trends
JLL handled the sale of nine self-storage properties in the Texas cities of Midland and Odessa, selling them on behalf of Extra Space Storage, and also found the buyer, AVAD Capital. The JLL portfolio total has 782,998 rentable square feet throughout the Permian Basin...
by Bruce Goldberg | Jan 29, 2025 | Acquisitions, Industry Trends
Spartan Investment Group recently purchased two existing self-storage facilities in Salem, OR, giving the company its eighth and ninth Pacific Northwest properties in their portfolio, including buying five of them alone in 2024. The two sites total 164,752 NRSF and...
by Bruce Goldberg | Jan 29, 2025 | Development, Industry Trends, News
U-Haul acquired 11 acres of vacant land fronting Kuhio Highway in Līhu‘e, Hawaii for $13.25 million, with plans to build a new three-story U-Haul center. Amerco bought the parcel, located between Wilcox Medical Center and Walmart, from the Harry and Jeanette Weinberg...
by Bruce Goldberg | Jan 22, 2025 | General Storage Advice, Industry Trends
Sentinel Self-Storage opened its fifth Sherwood, OR facility at 15200 S.W. Century Drive. Langer Family LLC built the facility. It offers 677 storage units spread across 68,460 rentable square feet. Retail and office rental spaces also are available. Matt Langer...
by Bruce Goldberg | Jan 22, 2025 | Acquisitions, Industry Trends
CBRE announced the sale of a three-property self-storage portfolio, made up of two properties in Southern California and one in Washington, to Westport Properties, a Southern California-based real estate investment firm. Nick Walker and Trevor Roberts of CBRE’s Self...
by Bruce Goldberg | Jan 15, 2025 | Development, Industry Trends
Tulfra Realty Company obtained a loan with Fulton Bank NA to construct a new self-storage facility in Jersey City, NJ. Public Storage will lease and manage the 795-unit facility at 300 McGovern Drive. The Liberty Storage Center will have 103,530 square feet of space....
by Bruce Goldberg | Jan 15, 2025 | Acquisitions, Industry Trends
Moove In Self Storage purchased a portfolio of three self-storage facilities in Rome, NY. The locations at 101 Park Ave., 1224 Floyd Ave., and at 2016 Bateaux Lane offer a combined 659 drive-up storage units. The company was in part attracted to the area by more than...
by Bruce Goldberg | Jan 8, 2025 | Acquisitions, Industry Trends
CBRE announced the sale of Village Storage in Fruitland Park in Central Florida to Public Storage, the Southern California-based self-storage site. The REIT paid $13 million for the storage facility, which was completed in 2017. Nick Walker and Morgan Windbiel of...
by Bruce Goldberg | Jan 2, 2025 | Development, Industry Trends
Burlington Coat Factory, in Spokane County in Washington state, which earlier announced it will move from its current home at 5830 N. Division St. into a nearby former Bed Bath & Beyond store that is 84 percent smaller than the coat store. It will cost about $1.1...
by Bruce Goldberg | Jan 2, 2025 | Acquisitions, Industry Trends
Storage Post made a $115 million deal to refinance its nine-property self-storage portfolio in New Jersey (Elizabeth, Linden, Perth Amboy and Haledon) and New York (the Bronx, Floral Park, Garden City, Huntington Station and Yorktown Heights). The portfolio has...
by Bruce Goldberg | Dec 11, 2024 | Acquisitions, Industry Trends
Mini Mall Storage Properties purchased an 8-property portfolio from Gelt Ventures, which operated under the name Citizen Storage. Located in Memphis, TN and the surrounding area, the portfolio totals 3,500 storage units and 485,000 rentable square feet. Mini Mall...
by Bruce Goldberg | Dec 11, 2024 | Development, Industry Trends
Tulfra Real Estate obtained construction financing for a planned 795-unit self-storage facility in Jersey City, NJ, the first of three phases for a project near Liberty State Park. Fulton Bank is providing the loan for an undisclosed amount in connection with the...
by Bruce Goldberg | Dec 5, 2024 | Development, Industry Trends, News
LSC Development LLC opened a new Extra Space Storage at 4400 S. Western Ave. in downtown Oklahoma City, OK at the intersection of Western Avenue and SW 44th Street. The site is part of a major redevelopment that includes a Walmart Neighborhood Market, Vasa...
by Bruce Goldberg | Dec 4, 2024 | Acquisitions, News
Denver-based real estate investment firm VanWest Partners purchased assets in Nevada, Arkansas and Georgia, giving it 40 self-storage facilities, with more than 20,000 units and more than 3.2 million NRSF. ClearHome Self Storage now operates the new facilities (which...
by Bruce Goldberg | Nov 13, 2024 | Industry Trends, News
Buchanan Street Partners, based in Newport Beach, CA, bought a 2.05-acre Inland Empire site at 1382 E. East Foothill Blvd., Upland, CA. Buchanan paid $6.25 million for the property in an off-market buy with a private owner/developer. It was Buchanan’s fifth California...
