The valet-storage market in Chicago has gotten a little more crowded. A technology consultant and property developer in the Windy City have teamed up to start BinSwap, the latest pick-up-and-delivery storage firm to open in Chicago, joining companies such as Blue Crates, MakeSpace and Clutter in mining the emerging niche within the city’s storage industry….

Two real estate investment firms with extensive experience in the self-storage sector are banding together to develop new storage facilities in high barrier to entry areas along the I-95 corridor from Boston to Washington, D.C. The Hampshire Companies of Morristown, N.J. and Harrison Street of Chicago have already started construction on a new 110,000-square-foot facility…

After a long and distinguished career working mostly at large self-storage companies, including a few self-storage REITs, Cynthia Ashby decided it was time for a change. A year ago, she struck out on her own and founded Georgia-based Dynamic Self Storage Solutions, a sort of hybrid project management, consulting and auditing firm within the self-storage…

The self-storage building boom appears to have reached an impressive financial milestone. Talonvest Capital Inc., the California self-storage financial adviser and mortgage broker, reports that lenders are now offering extremely attractive bridge loan deals to developers who want to get out of their original construction loans earlier than anticipated. Traditionally, bridge loans have loan-to-cost ratios…

President Trump’s imposition of trade tariffs – especially on steel – is causing major financial and planning headaches within the self-storage construction industry and stoking fears it could harm developments in the long run. From builders to lenders, officials say tariffs are forcing developers to re-calculate the costs of projects, sometimes adding 5 to 10…

Might NorthPoint Development’s new project in Farmington Hills, MI serve as a potential template for future self-storage developments as America’s population ages? The Riverside, MO-based NorthPoint earlier this summer got the go-ahead from Farmington Hills, a city of 81,000 people northwest of Detroit, to build a new complex that includes one of its Stonecrest Senior…

Safari Energy and Extra Space Storage aren’t finished with installing solar-energy units at the self-storage firm’s properties across the country. The two companies recently announced that Safari Energy, a New York-based solar developer owned by PPL Corp., has now delivered more than 6.7 megawatts of commercial solar power capacity for Extra Space at 58 sites…

PTI Security Systems has rolled out a new security-and-access technology product that it says will go a long way towards the eventual automation of numerous other functions at self-storage facilities. Earlier this month, the Arizona-based PTI, which provides both hardware and software products tied to self-storage access and security, released its new “PTI Core,” described…