Private Storage in Orlando just changed hands in a deal brokered by the Mele Group. Private Storage in Orlando just changed hands in a deal brokered by the Mele Group.

Dallas, TX-based Rosewood Property Co. recently purchased five self-storage facilities in major U.S. markets. Pending legal and government approvals, Rosewood Property didn’t divulge the locations of the acquired properties. Financial terms and other details weren’t available. “The markets in which we made these latest acquisitions were all target markets for our portfolio and represent important additions…

San Francisco in the fog during the daytime San Francisco in the fog during the daytime

It’s a fact that self-storage rental rates have continued to surge in California in recent years. A variety of factors have contributed to the price increases including population growth and a well-performing economy. Specifically, the average monthly rent for a storage unit in California has climbed more than 26 percent since 2014, according to data…

A rendering of a proposed Value Store It facility in Miami. A rendering of a proposed Value Store It facility in Miami.

Wisconsin-based Benchmark Secured Storage of Hartland LLC is ready to build a 47,000 square-foot self-storage facility in Hartland, WI near Milwaukee. Managing members Doug Hafemann and Aaron Kahle are building the facility to meet an unmet market need, according to BizTimes. Their company is raising $1.2 million from investors to construct the facility according to…

Rivercrest's upcoming storage facility in Greenville, SC Rivercrest's upcoming storage facility in Greenville, SC

A 40-year-old real estate company in North Carolina has made its initial foray into the self-storage sector and is pursuing even more opportunities in the Southeast. Raleigh, NC-based Rivercrest Realty Advisors recently bought a self-storage facility in Winston-Salem, NC, and launched construction of a self-storage facility in Greenville, SC. Those two facilities represent Rivercrest’s first…

U-Haul is seeking to preserve this former service station as part of its plans for a Minneapolis self-storage facility. U-Haul is seeking to preserve this former service station as part of its plans for a Minneapolis self-storage facility.

U-Haul is all about reusing old, neglected buildings through its adaptive reuse program. However, sometimes cities have a different vision as they redevelop their urban neighborhoods. U-Haul purchased a 1.74-acre site at 42nd Street and Hiawatha Avenue in south Minneapolis’ Longfellow neighborhood. The site sits on the busy Hiawatha Blue Line Corridor, which connects downtown Minneapolis…