Court-ordered storage? A joint venture between Boston-based The Davis Companies and Valhalla, NY-based Highland Development Ventures purchased a television production studio in Stamford, CT for $20 million—the filming location for The People’s Court—and plan to redevelop a majority of the building into self-storage space. Most of the 152,000-square-foot Connecticut Film Center at 300 Stillwater Avenue (pictured…

Some people thought there was no way self-storage construction spending could keep pace with last year’s growth rate of more than 70 percent. It actually hasn’t kept pace, it’s accelerated at a 124 percent annualized rate instead, far exceeding the wildest expectations of veteran industry observers who say the self-storage construction market is approaching levels…

StorageMart traveled “across the pond” for its latest self-storage acquisition—the Columbia, MO-based operator acquired a 15 property portfolio in the United Kingdom for more than 100 million British pounds, or more than $122 million in U.S. dollars. The facilities operate under the name Big Box Self Storage and are located throughout southeast England. The portfolio…

Public Storage purchased a portfolio of four self-storage facilities operated as Jepco Storage in Chattanooga, TN for an undisclosed amount. The facilities, the first of which started operation 44 years ago, span 392,000 square feet and include 2,800 storage units. “They wanted it bad, and I let them have it,” owner Joe Proctor told the Times…

Columbia, SC-based Taylor/Theus Holdings has received the necessary approvals to build an 81,000-square-foot self-storage facility at 1440 South Dixie Highway in Hollywood, FL. The company expects to complete construction by the end of summer 2017; Extra Space Storage will manage the completed facility. The 650-unit facility will be Taylor/Theus’ first project in South Florida. The…

Public Storage purchased a portfolio of 11 facilities in the Oklahoma City market last week, doubling the number of facilities it operates in the state. The portfolio was sold by Switzer’s Locker Rooms. Former University of Oklahoma football coach Barry Switzer (pictured at top) was a partner in the business. Purchase price was not disclosed….

Texas has been at the forefront of the latest self-storage development cycle, but industry heavyweight Dean Jernigan thinks things are getting overheated. Jernigan, who leads publicly traded self-storage investment firm Jernigan Capital, added Austin and Dallas to the company’s “Danger List”—cities in which the amount of new supply under development exceeds 10 percent of the…