U-Haul Ford dealership U-Haul Ford dealership

In the past several months, U-Haul has racked up $60 million in self-storage real estate deals in mostly secondary markets — largely avoiding the top markets normally targeted by the public self-storage REITs. A review of the recent acquisitions by The SpareFoot Storage Beat found that they are a mix of existing self-storage facilities and other types of buildings…

Compass Self Storage Cleveland Compass Self Storage Cleveland

Compass Self Storage recently opened its only self-storage facility in its hometown of Cleveland, OH. Compass has completed the conversion of three dilapidated warehouse buildings into a single self-storage facility in downtown Cleveland. The new facility, at 1549 Superior Ave., offers more than 50,000 square feet of climate-controlled storage space. Compass is owned by Cleveland-based…

scales of justice scales of justice

A jury awarded $60.7 million to moving and storage company PODS Enterprises Inc. in a federal trademark lawsuit against competitor U-Haul International Inc. The jury delivered its verdict Sept. 25, finding that U-Haul’s use of the terms “pod” and “pods” to describe its U-Box portable storage product infringed on PODS’ trademarks. “We are very happy…

Campostella Storage Campostella Storage

A group of investors sold a 70,600-square-foot storage facility to public REIT Sovran Self Storage for almost twice the amount they paid for it nearly two years ago. Sovran, operator of Uncle Bob’s Self Storage, recently paid $6.4 million to buy a 675-unit facility at 1907 Campostella Road in Chesapeake, VA. Chesapeake is in the Virginia…

Ben Frein Ben Frein

After entrepreneur Ben Frein sold his online retail company in 2010, a year after graduating from the University of Northern Iowa, he set his sights on real estate investment. But he had trouble deciding on the asset type. Frein (pictured in top photo) checked out apartment complexes, strip malls and other properties. When he stumbled…