InSite Property Group acquired a development site in San Pedro, CA. Located with visibility from Gaffey St (18,000 vehicles pass per day), the site is located adjacent to Home Depot and just east of Palos Verdes, one of Los Angeles most affluent areas with a median income of $150,000. The development will include a three-story…
DXD Capital got a nice present during the holiday season: Its new DXD Self Storage Fund I, which it launched in September with a goal of raising $50 million, garnered $12.5 million before Thanksgiving. “We really started the capital raise Sept. 1,” said Drew Dolan, principal and fund manager for DXD, which is based in…
This post is an archive of self-storage development news from February 2021. For the latest news, check out the latest edition of The Roll Up column here. Development news from 2/17/2021: The Carbondale, CO town board approved the new Carbondale Center Place mixed-use development near Colorado Highway 133 and Main Street. This will include a…
This post is an archive of self-storage development news from January 2021. For the latest news, check out the latest edition of The Roll Up column here. Development news from 1/27/2021 AAA Self-Storage plans to construct a two-story, 76,312-square-foot facility on Lewisville-Clemmons Road in Clemmons, NC. It will be built along the east side of Lewisville-Clemmons,…
Elevation Capital Group strongly believes it’s found a winning formula by investing in a combination of self-storage facilities and mobile home parks. Its Fund 7 (MHPI VII LLC) opened in April 2017, attracted more than 500 members and raised $150 million – in an offering that began with a $100 million maximum—before closing April 1,…
This post is an archive of self-storage development news reported during the month of December. For the latest news, check out the latest edition of The Roll Up column here. Development news from 12/2/20: Always Sunny Storage of Winslow, ME, opened a new climate-controlled storage facility at 69 Chaffee Brook Road in Waterville, ME. It’s…
For two guys that have the patience of Job as they scope out potential self-storage acquisitions, Jon Erickson and Jonathan Vollinger strike quickly when it’s time to buy. Witness two recent purchases that closed within the past three weeks. Their company, Austin, TX-based HPI Real Estate Services & Investments, first bought a 72,901-square-foot facility at…
This is an archive of self-storage development news items from the month of November 2020. Development news from 11/4/2020 A 150,000-square-foot self-storage facility and RV storage lot may be going up as part of the 3701 North Pacific Place Project, under development by the Artesia Acquisition Co. in Long Beach, CA. The RV lot would…
An archive of the top self-storage development news items you might have missed. News from the week of 10/14/20: Cysner Properties-Edison was going to convert the 3421 Route 22 East building, former home of a Sun National Bank, into a self-storage facility in Branchburg, NJ. However, after completion of the interior demolition of the building,…
Fast-growing Neighbor.com is making a bold claim as it flexes its muscles. “The space that we have on the platform today would cost a traditional self-storage facility well over $1 billion to build that space,” CEO Joseph Woodbury said. “Rather than building new space, we’re just tapping unused space that was sitting vacant.” The company…
