A Tampa, FL-based real estate investment and development group has turned to its backyard to launch a self-storage business that already boasts a pipeline filled with projects totaling $64 million. Broome Storage LLC, an affiliate of Broome Capital LLC, has six self-storage projects in the works in the Tampa-St. Petersburg area, Jordan Farrales, the firm’s…

Houston, TX-based commercial real estate giant Hines Interests LP, known primarily for its office and mixed-use projects, is jumping into the self-storage business. Hines already has three self-storage projects underway in the Phoenix, AZ, metro area — one each in suburban Gilbert, Litchfield Park and Tempe — and is considering projects in the Phoenix suburbs…

Shopping malls and other retail centers might be on shaky ground these days, but the ground at some of those developments is becoming valuable territory for self-storage. Chattanooga, TN-based mall owner CBL Properties Inc. (NYSE: CBL) is tapping into the potential of self-storage in a unique way. While developers across the country have purchased shuttered retail…

Bethesda, MD-based ASB Capital Management purchased two recently built StorQuest Self Storage facilities in Denver, CO, for a combined $36.5 million, according to BusinessDen. ASB affiliate 4501 Washington LLC bought the facility at 4501 N. Washington St. from Santa Monica, CA-based The William Warren Group for $19.8 million. The 77,500-square-foot facility sits on 0.9 acres. ASB…