The principal of Ft. Lauderdale-based Wheat Capital Management, Daniel Joseph Touizer, was arrested this week for allegedly bilking 150 investors out of $19 million. The company is developing a trio of self-storage facilities in Margate, Pembroke Pines and Miami, that are scheduled for completion in 2018. The company had plans to build 10 to 12 facilities…

Self-storage operators and developers are picking up the pieces after a pair of powerful hurricanes brought unprecedented destruction to areas of Florida and Texas. In the aftermath of Hurricane Irma and Hurricane Harvey, self-storage operators reported a number of their facilities had closed, had been damaged or both. Many affected facilities have since reopened, and…

The South Florida city of Margate won’t allow any new self-storage facilities to open within its borders. “We have nine in nine square miles,” Vice Mayor Arlene Schwartz told the South Florida Sun-Sentinel. “I think we have enough.” And Commissioner Anthony Caggiano added, “We should be a place where people and business move in, not…

After just over a year of development, a Beverly Hills, CA-based developer has completed work on Hawaii’s newest self-storage development. Not only is it the newest, but the 53,000-rentable-square-foot facility at 94-130 Leokane Street in Waipahu is also one of the first conversions of an existing property to self-storage on the island, according to broker Stephen…

A 14-facility portfolio of Planet Self Storage facilities has been sold. The portfolio comprises more than 635,000 square feet and 6,272 self-storage units at facilities in Connecticut, Massachusetts, New Jersey and Pennsylvania. According to the Planet Self Storage website, the self-storage operator still has six facilities in Connecticut, Massachusetts and New York. Bill Sitar Jr.,…