by Bruce Goldberg | Feb 22, 2023 | Acquisitions, News
Global investment firm KKR has sold three self-storage facilities recently with the help of the CBRE Self Storage Advisory Group, including one in California for $23 million. Dallas-based operator Baranof Holdings purchased the 774-unit self-storage facility at 3111...
by Bruce Goldberg | Feb 15, 2023 | Acquisitions, News
Talonvest Capital Inc. of Irvine, CA – along with their client Strategic Storage Growth Trust III Inc. – announced the closing of a $23.4 million bridge loan financing the certificate of occupancy acquisition of a facility in Chula Vista, CA. Strategic Storage...
by Bruce Goldberg | Feb 15, 2023 | Acquisitions, News
Public Storage has purchased a portfolio of 28 self-storage facilities in and around Ocala, FL from regional operator Neighborhood Storage (below). The seller retains a single facility in the market. The portfolio spans more than one million square feet of storage...
by Bruce Goldberg | Feb 8, 2023 | Development, News
True Storage opened a new self-storage facility at 10 Prospect Hill Terrace in East Windsor, CT. It opened Jan. 24. The renovated, 51,383-square foot facility has 585 climate-controlled units and previously was a site for Burlington Coat Factory (below). It is the...
by Bruce Goldberg | Feb 8, 2023 | Acquisitions, News
CBRE announced the $8.8 million sale of a self-storage facility in The Villages, FL, one of the best-known master-planned communities in the nation, and it has more than 80,000 households. Coleman Self Storage LLP was the seller and Allendale Ventures LLC the buyer....
by Bruce Goldberg | Feb 2, 2023 | Acquisitions, News
Boardwalk Development Group sold a 10-property, 3,369-unit self-storage portfolio located in Atlanta, Georgia and Tennessee. The properties operate under the Mini Mall Storage brand. The purchaser was Avenue Living Asset Management. The Alabama facility is in Opelika....
by Bruce Goldberg | Feb 2, 2023 | Development, General Storage Advice, News
It awaits approval, but a lot at 106-02 Rockaway Beach Blvd. is slated to become Storage Fox, with a six-story, 135,719-square-foot facility in Queens, New York City (below). The NYC Building Department and the MTA are revisiting the building plans and construction...
by Bruce Goldberg | Jan 25, 2023 | Development, News
LSC Development LLC of Barrington, IL finished building a 90,136 NRSF structure, with 1,691 units, at 62-05 30th Ave. in Woodside, NY. It’s located in Northwest Queens near LaGuardia Airport and the Brooklyn Queens Expressway. Chicago-IL based ByLine Bank provided the...
by Bruce Goldberg | Jan 19, 2023 | Development, News
First Citizens Bank announced that its Middle Market Banking business provided a total of $65.8 million in financing for affiliates of Morningstar Properties, an investor in and operator of self-storage facilities, marinas and other specialty real estate assets. The...
by Bruce Goldberg | Jan 12, 2023 | Acquisitions, News
Bluebird Self Storage purchased one of the oldest storage facilities in North America as its first location in Victoria, British Columbia, Canada. The four-story, 16,000-square-foot City Center Storage building at 824 Johnson St. was constructed in 1901. Originally,...
by Bruce Goldberg | Jan 12, 2023 | Development, News
Inland Private Capital Corp., a real estate investment manager, and Devon Self Storage Holdings, a privately held national storage operator and developer, opened a 91,787-square-foot self-storage facility in Allentown, PA (below). It’s the third delivery on behalf of...
by Bruce Goldberg | Jan 4, 2023 | Development, News
Fry’s Electronics is no more – and self-storage facilities are taking over some of the big-box retailers’ former locations. Los Angeles, CA-based LaTerra Development plans a $50 million mix of retail and self-storage to fill a Fry’s at 2488 Market Place Blvd. in...
by Bruce Goldberg | Jan 3, 2023 | Acquisitions, News
Merit Hill Capital bought its second Broward County property, a four-building self-storage facility, in less than one month. An affiliate of Brooklyn, NY-based Merit Hill paid $17 million for the 326-unit Pines West Storage Center at 400 Northwest 172nd Ave. in...
by Bruce Goldberg | Dec 15, 2022 | Acquisitions, News
Maya Capital Partners and Artemis Real Estate Partners have formed a $300 million joint venture focusing on self-storage assets in the Northeast United States. It will focus on both marketed and off-market acquisitions, including certificate of occupancy lease-up...
by Bruce Goldberg | Nov 8, 2022 | News, Private Companies
Ryan Smith is enthusiastic about Elevation Capital Group’s latest property purchase, made as part of ECG’s Fund 8 and brimming with promise. The Orlando, FL-based company acquired Oakville Self Storage, which is located at 405 Swann Ave. in the Potomac Yard...
by Bruce Goldberg | Oct 25, 2022 | News, People
Frank DeSalvo, 33, and David Perlleshi, 32, are self-storage investment sales brokers who have worked together for five years. They recently left Sands Investment Group to join Franklin Street to build a national practice serving self-storage owners and investors....
