Could the empty corner in your neighbor’s garage compete against the newly built self-storage facility off the interstate? The founders of a new startup and its new financial bakers definitely think so. Neighbor, a Salt Lake City, UT, company that matches people with spare space to rent out in their homes, garages or apartments with…
Long Island-based Zippboxx is one of the latest entrants into the growing on-demand self-storage segment. On-demand storage, which also has been called valet storage or full-service storage, adds technology and convenience to the self-storage mix by offering consumers the convenience of storing their stuff without ever leaving their house or apartment. ZippBoxx, based in Hauppauge,…
If all goes as planned, dozens of self-storage facilities built out of repurposed shipping containers will be surfacing around the country with backing from a Texas startup and a growing number of investors. Houston, TX-based startup GreenSpace Holdings LLC already has a commitment from a high-net-worth investment group to develop an estimated 50 multistory self-storage…
Full-service storage company Closetbox kicked off the New Year by expanding into 10 new markets – bringing the total number of cities it serves across the United States to 88. Specifically, the concierge, or valet, storage company now has expanded into: Napa, CA Baton Rouge, LA Canton, OH Chattanooga, TN Huntsville, AL Jackson, MS Knoxville,…
First Neck Self Storage has raised $50 million—and plans to perhaps double that in its next round—to buy operating storage facilities in primary and especially secondary markets. It’s a joint venture involving CSM Capital Corp., a New York City-based multifamily office, and Self Storage Capital Partners, a Philadelphia-based self-storage firm that uses the brand name…
Goodbye Macy’s, hello self-storage. Long considered anchors of the shopping mall, many department stores are undergoing a long, painful death. That has left mall owners scrambling to find suitable tenants to fill the large empty footprints left behind. Enter self-storage. While retail property overall has been hitting the skids, the self-storage industry as been ascendant and…
A prolific developer in New York City, NY, is putting the brakes on new self-storage projects there after the city imposed what amounts to a freeze on self-storage development. Adam Gordon, president of New York City-based Madison Development LLC, told the SpareFoot Storage Beat that with opportunities in their home market now limited, he and…
A Missouri-based real estate developer is going beyond its Midwestern roots to grow its self-storage brand. Currently, NorthPoint Development’s Beyond Self Storage brand operates three self-storage facilities. One facility is in the Kansas City, MO, suburb of Overland Park, KS, and the two other facilities are in St. Louis, MO, and the St. Louis suburb…
A newly formed joint venture is targeting urban infill development in Los Angeles and Northern California, and it’s looking to take risks. Miami City Self Storage (MCSS) – a developer of urban infill self-storage facilities – and real estate investment firm Cypress Equity Investments (CEI) have teamed up to create Pacific Storage Partners. MCSS Partner…
By the end of 2017 — less than one year after its first acquisition — City Line Capital LLC’s self-storage portfolio should be well over 1 million rentable square feet. And the Bala Cynwyd, PA-based self-storage investment firm shows no signs of slowing its brisk pace for acquisitions. In fact, if things keep proceeding the…
