football field football field

Industry observers expect some smaller fish to be swimming — and staying alive — in the self-storage acquisition pool in 2015. Aaron Swerdlin, executive managing director of the Self Storage Group at commercial real estate brokerage NGKF Capital Markets, said investors who’ve been shut out of high-dollar deals in recent years will get a better…

Public Storage sign Public Storage sign

Public Storage is relying on development — rather than acquisitions — to expand its portfolio this year. The publicly traded self-storage REIT says it has a pipeline of 25 development projects that will deliver 3 million rentable square feet. The estimated construction cost: $351 million. “As we moved through 2014, [acquisition] pricing continued to get more and…

Miami Beach storage facility Miami Beach storage facility

After four years cutting through red tape, Florida developers Ken Edelman and Alan Potamkin have received the go-ahead to build a 22,500-square-foot self-storage facility Miami Beach, FL. This isn’t your typical facility. The pair tapped architect Manny Gutierrez of Gutierrez & Lozano Architects to create a project that they envision being “one of the most attractive…

Lipson Alport Glass Associates Lipson Alport Glass Associates

Roseville, CA-based LifeStorage has its sights set on an award-winning office building in Northbrook, IL. Actually, LifeStorage has its sights set on the site where the building stands. If given the green light, the self-storage operator would demolish the 36,000-square-foot Lipson Alport Glass Associates building to make way for a 120,000-square-foot self-storage facility with up…