Where are the hottest markets for self-storage development? Three U.S. markets stood out when Union Realtime LLC of New York, NY released its study about who’s generating the most heat in self-storage these days: Dallas-Fort Worth-Arlington, Texas CBSA, with 7,698,747 square feet of self-storage development New York-Newark-Jersey City, NY-NJ-PA CBSA with 14,777,229 square feet Phoenix-Mesa-Scottsdale,…

Talonvest Capital arranged a $23.1 million acquisition loan for Madison Capital Group. The loan is for a recently completed 1,351-unit self-storage facility in Quincy, MA, a southern Boston suburb. It has 103,562 NRSF. An undisclosed life insurance company provided the non-recourse loan. It has a four-year term. CBRE announced the sale of a recently completed…

Andover Properties (dba Storage King USA) purchased a 197,000-square-foot self-storage facility in Argyle, TX with drive-up and climate-controlled units. It also has covered and enclosed RV parking, and open parking. The facility is Andover’s 16th asset in the Dallas-Fort Worth area. The property already has expanded twice. Storage King USA now has 129 facilities in…

Harrison Street, based in Chicago, IL, sold a portfolio of 12 self-storage facilities in four states for an undisclosed price. The buyers are Storage Post and Life Storage. The portfolio totals 625,598 rentable square feet across properties in Texas, New York, North Carolina and Illinois. Harrison Street managed the facilities in joint venture partnerships with…

The June 2021 acquisition of MakoRabco combined Carlsbad, California-based Mako Steel, with its strong West Coast presence, and Rabco Enterprises, based in Winter Garden, Florida and well-known along the East Coast.  Now with the coasts covered, the plan is to attract more business nationwide. MakoRabco since has about doubled the number of states where it…