Seattle-based West Cost Self Storage has proposed the construction of a four-story self-storage facility at 3251 Harbor Avenue SW in Seattle. An existing building will be demolished to make way for the 600 to 650-unit complex. The project is pending design review and building permits, according to the West Seattle Herald. Under Construction Developer: Big Tex…

Dallas-based Rosewood Property Company purchased the 89,841-square-foot self-storage facility at 4420 E. 146th Street in Carmel, Indiana. The facility, StorAmerica Storage & Wine Cellar, was locally owned and managed. It will now be rebranded and managed by Extra Space Storage. The seller was represented by Matthew Duda of MJ Partners. Compass Self Storage recently purchased…

Last month, W. P. Carey Inc. announced it hired industry veteran Brian Boulter as its new director of Self-Storage. W. P. Carey ranked as the 8th largest owner/operator of self-storage assets in the United States, according to Inside Self-Storage. Boulter will be responsible for overseeing the management of the firm’s existing self-storage portfolio, which is…

Dallas-Fort Worth based All Storage Self Storage is currently developing eight facilities totaling two million square feet in the Metroplex area. Three of the facilities are already under construction, the remaining properties have obtained the necessary approvals. The pipeline is located as follows: W Sublett Rd and Hwy 287, Arlington TX, 200,000 square feet Firewheel…

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Some industry observers warn of potential overbuilding within the self-storage industry, but Dean Jernigan is confident that the development cycle is still in the middle-innings. “We’re just past the midpoint of this development cycle, in the fifth or sixth inning,” said Jernigan, CEO of Memphis, TN-based Jernigan Capital, during the company’s quarterly conference call with…