A partnership between Houston, TX-based commercial real estate investor, developer and manager Hines LP and Vancouver, Canada-based commercial real estate investor and lender Trez Capital has entered the self-storage business with the purchase of a storage facility in Plano, TX. The seller wasn’t identified. The purchase price wasn’t disclosed. The CubeSmart-branded facility, at 525 N…

Talonvest Capital Inc., based in Irvine, CA, closed two assignments for 1784 Capital Holdings. The first one, for $12.25 million, will build an 832-unit, 71,070-square-foot, climate-controlled self-storage facility in Old Town Scottsdale, AZ. The second one, a bridge loan of $10.25 million, is for a self-storage facility that opened in June in Tucson, AZ, with…

In April, self-storage industry veteran Ben Carr joined self-storage owner and developer MCSS Development & Investment LLC as president. Six months later, in October, Carr has grabbed a new opportunity as president and chief investment officer at self-storage owner and developer Go Store It. In his new positions, Carr will manage Go Store It’s investment…

The planning commission in Bristol, TN, approved a special-use permit that enables U-Haul to rework a former Kmart property for indoor and outdoor self-storage, plus truck rentals. It would have 65,000 square feet and about 750 to 800 climate-controlled indoor storage units. Steve Johnson and his company, Johnson Commercial Development, own the property. He has…