by Bruce Goldberg | Apr 25, 2023 | Acquisitions, News
Prestige Storage closed the acquisition of a 12 facility portfolio in western Michigan with partner Peaceable Street Capital. The facilities are located in Muskegon, Fruitport, Spring Lake, Kent City and West Olive. Together, the properties offer a total of 490,302...
by Bruce Goldberg | Apr 18, 2023 | Acquisitions, News
Liberty Investment Properties, based in Orlando, FL, raised more than $43 million in equity for its Liberty Storage Fund II to buy self-storage facilities in the Southeast region of the United States. The new fund has bought 10 self-storage assets to date and is...
by Bruce Goldberg | Apr 17, 2023 | Development, News
Diamond Point Development LLC and The Ardent Cos. have opened a new 100% solar powered self-storage facility at 1845 Brookfield Court in Frederick, MD. The developers converted the 100,000-square-foot facility from the the former Frederick Indoor Sports Center. The...
by Bruce Goldberg | Apr 12, 2023 | Acquisitions, News
10 Federal has acquired the ASAP Storage portfolio of facilities located in Temple and Villa Rica, Georgia for $78 per square foot. Spanning a total of 96,000 square feet of storage space, the three facilities provide a combined 664 units and 70 parking spaces. The...
by Bruce Goldberg | Apr 10, 2023 | Development, News
Local self-storage company owners, led by Robert Celico, say a proposed self-storage business in the empty former Staples lot at 16 Post Road in Westerly, RI would put them out of business. They also say it’s not consistent with Westerly’s Comprehensive Plan and is...
by Bruce Goldberg | Apr 3, 2023 | Acquisitions, News
Public Storage purchased Chesdin Storage, a 40,600-square-foot facility in North Dinwiddie, VA, for $4.5 million. The facility, located at 23150 Airpark Drive, features 331 drive-up, climate-controlled units, plus parking on 3.66 aces. The facility has been close to...
by Bruce Goldberg | Apr 3, 2023 | Development, News
Did COVID kill the cinema star? It seems to be the case in the Upper East Side, where the former CMX Cinemas could soon become a storage unit complex. There has been a movie theater on the site since 1991, the latest iteration opening in 2018. After shutting down for...
by Bruce Goldberg | Mar 31, 2023 | Investment, News, Private Companies
Spartan Investment Group has rolled out an investing concept that has something for most everybody – three new funds at the same time in the categories of income, growth and debt. “We want the investors to know exactly what they’re getting into,” said Ryan Gibson,...
by Bruce Goldberg | Mar 27, 2023 | Acquisitions, News
MV Investment sold a newly constructed climate-controlled self-storage facility at 807 High School Road in Tallahassee, FL. The buyer was not named. The facility has 882 units spread across 118,500 square feet and is near Florida State University. It has ground-level...
by Bruce Goldberg | Mar 27, 2023 | Development, News
Versal announced the sale of an entitled and permitted storage development opportunity on 2.29 acres in Santa Clarita, CA to a private investor. Located in Los Angeles County at the corner of Golden Valley Road and Valley Center Drive, the completed facility would...
by Bruce Goldberg | Mar 20, 2023 | Development, News
CrowdStreet, a real estate investment platform, launched an offering for a ground-up development of a self-storage facility in Long Island, NY, called 10 Gordon Drive Self Storage (below). It will have 133,698 square feet across 1,111 climate-controlled units, and be...
by Bruce Goldberg | Mar 20, 2023 | Acquisitions, News
A CBRE Investment Management fund purchased a portfolio of 14 self-storage sites totaling 8,697 units in Southern California and Utah. CBRE partnered with the William Warren Group on the deal. WWG will manage the acquired facilities under its StorQuest Self Storage...
by Bruce Goldberg | Mar 13, 2023 | Development, News
DXD Capital finished development and opened a climate-controlled 991-unit facility at 7435 W. Sahara Ave. in Las Vegas, NV. DXD bought the 1.7-acre parcel in January 2021 through the DXD Self Storage Fund that it started in November 2020. Public Storage manages the...
by Bruce Goldberg | Mar 13, 2023 | Acquisitions, News
New York City-based KKR, an investment firm, sold four self-storage properties totaling 2,897 units for about $80 million. Two are in Austin, TX and two others are in Phoenix, AZ and Riverside, CA. The properties were sold in two different transactions with different...
by Bruce Goldberg | Mar 1, 2023 | Development, News
Adams French Property extended its partnership with Store Space Self Storage taking over management at three new locations – two in Minnesota and a new one under construction in the Fall Creek Place neighborhood of Indianapolis, IN. The latter was developed at 2455...
by Bruce Goldberg | Feb 22, 2023 | Development, News
In Hempstead, NY on Long Island, LSC Development LLC broke ground on a seven-story self-storage building. It will have 1,382 climate-controlled units spread across 112,188 NRSF. It’s scheduled for completion in Q4 2024. Mancini Mui Architects designed the building....
