Seeking to concentrate on growing its hotel business, Virginia Beach, VA-based real estate company Suburban Capital Inc. has sold its entire self-storage portfolio for $75 million. Suburban Capital executives said March 28 that Glendale, CA-based self-storage REIT Public Storage bought most of the 12 self-storage facilities in its portfolio — primarily in Virginia’s Hampton Roads…

The unmanned model for self-storage sites brings up questions: Are owners of such facilities worried about theft and vandalism, and about frustrating customers that can’t find help behind a desk? The leaders at Red Dot Storage in Louisville, CO, answer with a resounding “no.” The unmanned model has worked well for the 2013 startup, which…

Jeff Gorden of Phoenix, AZ-based Eagle Commercial Realty Services, an affiliate of the Aurora, CO-based Argus Self Storage Sales Network, arranged the $6.05 million sale of PremieRVehicle Storage in Marana, AZ. Gorden represented the unidentified seller; the buyer was an unidentified investor in California. The facility, on more than 8.5 acres at 7935 W. Tangerine…

Garfield County commissioners want to do site visits before deciding about a proposal to build two self-storage facilities near Carbondale, CO. Blue Mountain Garfield LLC has proposed putting one of the facilities (three stories, 96,000 square feet) across from the Catherine’s Store Road at the intersection of Highway 82 and County road 100. The other…

The on demand storage wars are heating up. Iron Mountain (NYSE: IRM), the Boston-based document storage and data management behemoth, is making a major investment in New York-based consumer storage provider MakeSpace. The deal will infuse MakeSpace with $30 million in new funding, and allow the on demand storage company to leverage Iron Mountain’s existing…

The valet-storage market in Chicago has gotten a little more crowded. A technology consultant and property developer in the Windy City have teamed up to start BinSwap, the latest pick-up-and-delivery storage firm to open in Chicago, joining companies such as Blue Crates, MakeSpace and Clutter in mining the emerging niche within the city’s storage industry….