Development

Immofinaz Exits Self Storage Industry

Immofinaz Exits Self Storage Industry

Austrian property group Immofinaz recently announced that the sale of its self storage chain City Box to Shurgard. The sale marks the first significant move by the company’s new CEO Oliver Schumy. The 23 locations were sold to a market specialist and will dramatically cut Immofinaz’s exposure in its non-core market. At the height of its operations, the company…

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Personal Mini Storage, William Warren Group, NetNeill

Personal Mini Storage, William Warren Group, NetNeill

The last few days have been quite busy for Personal Mini Storage, William Warren Group and NitNeil Partners as they all recently acquired new self storage facilities.

Personal Mini Storage, which is headquartered in…

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North Aurora Self Storage Facility on Hold

North Aurora Self Storage Facility on Hold

Plans to implement a new self storage facility in the North Aurora area may just be coming to a halt as several trustees voiced concerns. There are objections against turning the former bowling alley into a new self storage facility…

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Marcus and Millichap Report Shows Self Storage Growth

Marcus and Millichap Report Shows Self Storage Growth

The self storage industry has been experiencing rapid growth lately and shows no signs of slowing down. The recent influx of valet self storage facilities that have popped up both in the U.S. and abroad indicate that not only are…

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Olivette and Hampton Get New Facilities

Olivette and Hampton Get New Facilities

While many self storage operators have managed to convert older buildings into self storage facilities, the process is not always that simple. Many times, ordinances set out by the city prevent a location from being used as a self storage…

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New Self Storage Facilities Make Headway

New Self Storage Facilities Make Headway

Following the opposition of the proposal for a new self storage facility in Texas, there is some positive news in the self storage industry for those looking to construct new facilities. Both Elmont , NY and Arlington County, VA…

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