Industry News

    Posted on Feb 7 2017 - 7:38pm by Winnie Hsiu
    #0

    Stow, a Colorado-based startup, wants to be the Airbnb of storage, and it recently unveiled its new mobile app for Android and Apple devices. Stow’s peer-to-peer storage platform allows people to rent out that extra closet or empty room, basement, or attic. Or even rent a spare parking space in a garage. Stow’s cut of each transaction is approximately 15 percent. “We...

    Self storage has developed into one of the most reliable investments in real estate, so investment firms like Jernigan Capital and 1784 Capital Holdings LLC have been willing to pay top dollar for the right properties. Jernigan Capital recently closed on a $13.6 million self storage property in Vinings, Georgia, near Atlanta. Project plans for the property involve...

    In recent years, Compass Self Storage has been actively pursuing expansion opportunities, and it appears 2017 will continue that trend. The company recently announced the acquisition of three facilities in North Carolina, a market they haven’t before served. All three locations are near Raleigh. One is in Wendell, while the other two are in Goldsboro, the home...

    All around the world, self storage companies are doing what they can to lighten the burdens of those who face serious life challenges. Stock-N-Lock Self Storage, a company with five location in Utah, is supporting a unique, and very needed, charity drive. Lift With Love is a drive designed to “support the girls” by collecting donated bras and feminine hygiene...

    The Self Storage Association’s Foundation Scholarship program is now open for applications. Submissions are due Monday, May 1. Scholars with “roots in the industry” are encouraged to apply. “An intregral part of what we do for our industry is what we do for the future.” So says the scholarship informational video, as the faces of last year’s...

    The holiday season is a time of year when many organizations—including many within the self-storage industry—reach out to those experiencing loneliness with small tokens of love. The employees at the Amy’s Attic Self Storage facilities in Harker Heights and Copperas Cove, Texas are expanding the meaning of Valentine’s Day to be more about love in general...

    An article in The Dallas Morning News recently reminded readers that January is National Get Organized Month by spotlighting Callbox LLC, an “offsite storage” company created by entrepreneurs Kyle Bainter and Dan Slaven. “They call it offsite storage since there’s not much ‘self’ to it,” reads the article by business columnist Cheryl Hall. Callbox boasts...

    There is high demand for self storage space in the urban areas of Palm Beach, Broward, and Miami-Dade Counties in southern Florida. And to the delight of real estate developers, there still isn’t enough storage space to go around. According to Colliers International, a commercial real estate firm, 12 new facilities opened last year in the tri-county area, and between...

    The Self Storage Association (SSA) annual Executive Ski Workshop wrapped up after a workweek of industry sharing, education, and plenty of time enjoying fresh powder on the slopes. The workshop, open to self storage executives from across the country, took place January 23-26 at Colorado’s Telluride Ski Resort. “SSA had its welcome reception in Telluride last...

    When Zachary Mazur moved to Brazil 15 years ago, it wasn’t with the intention of opening a self storage facility. But that is what he did two years ago, and it has proven to be a successful venture. In recent years, the self-storage industry been growing throughout Latin America, and has been doing especially well in Brazil. Often the development challenge in Brazil...