Cushman & Wakefield’s Self-Storage Advisory Group is coming off a busy year, brokering $412 million in property sales nationally. The SpareFoot Storage Beat recently spoke with Mike Mele, vice chairman and group lead to hear about what drove that growth, as well as his views on what’s ahead for the self-storage investment market in 2020….

Public Storage, the largest self-storage REIT in the U.S., has made a nearly $2 billion buyout bid for Australia’s National Storage REIT. National Storage revealed the unsolicited offer from Public Storage in a Feb. 14 news release. The potential deal is valued at $1.9 billion in Australian currency and nearly $1.3 billion in U.S. currency….

Charmel Storage Capital, a Los Angeles-based boutique commercial real estate brokerage firm focused exclusively on the self storage product type, recently arranged the sale of two U.S. self-storage facilities to Merit Hill Capital. The firm represented the seller of Conyers Self Storage in Conyers, GA. The facility offers 59,253 square feet of storage unit space…

carl's wine vault carl's wine vault

Attention all oenophiles. Industry veterans Rachel Keller and Bruce Nichols have grape, er, great expectations for Carl’s White Glove Personal Storage & Wine Vault in Naples, FL. The self-storage facility will house only wine at 11201 Tamiami Trail East. Gates Construction is putting up the three-story, climate-controlled building. May 1 is the planned opening. The…

In Alabama, Patriot Storage purchased Suenos Birmingham LLC for $375,000; the seller bought the property for $1.525 million in 2008, but a stay on hotel development affected its value. Trey Henderson, who owns Patriot Storage, and Charlie Douthit plan to develop a 40,000-square-foot self-storage facility with 400 units at 480 Wildwood Circle N., off Lakeshore…

Occidental Capital Holdings purchased a mixed-use commercial property in Vail, AZ that includes a 46,005-square-foot self-storage facility, Vail Self Storage. The property also includes Old Vail Station, a 26,5630 square-foot retail and office center. The entire asset was sold for $8.2 million by Old Vail Station LLC. (Source: REBusiness) The Storage Acquisition Group reports the…