C. Bain warehouse C. Bain warehouse

Starting with the development of two facilities, a Northbrook, IL-based apartment developer is breaking into the self-storage business. Banner Storage Group, a subsidiary of Banner Apartments, closed in April on its first self-storage development site. Banner paid $2.2 million for a seven-story, 106,000-square-foot warehouse in Lynn, MA, that it will convert into a storage facility….

Public Storage Miami Public Storage Miami

In a new class-action lawsuit, a Florida man alleges self-storage operator Public Storage deceived customers who bought tenant insurance policies. The suit, filed in federal court in Miami, seeks restitution for all of the insurance premiums paid to Public Storage by its customers over the past four years, an amount that potentially could total hundred…