Industry News

Neighborhood street in Arizona
Power Ranch Neighborhood in Gilbert, AZ Needs More Self Storage

By Alex Hassel, Just a 30-minute drive southeast of Phoenix, the population of Gilbert, Ariz., is snowballing. In fact, it's been snowballing for decades. According to Gilbert's website, the city was home to 5,717 people in 1980. By 2015, the population had risen to an estimated 242,955. ...
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U-Haul facility in Pittsburgh, PA
U-Haul Announces Acquisitions in Maryland, Michigan, and Pennsylvania

By Alex Hassel, U-Haul continues its endeavor to build its portfolio by reusing or renovating old buildings. The company recently announced acquisitions of a warehouse in Michigan, a mini storage property in Maryland, and an iconic storage building in Pennsylvania. All of these acquisitions were ...
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Talonvest Capital at 2016 Walk for Kids event
Talonvest Capital Supports Orange County Ronald McDonald House

By Alex Hassel, The Orange County Ronald McDonald House has found a strong ally for its efforts to improve the health and well-being of children. The charity awarded Talonvest Capital Inc., a boutique self storage and commercial real estate advisor, its Top Corporate Fundraising Award for the second ...
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Interior of storage facility
Stor-Guard Introduces New Smartlok Overlock System

A new piece of technology is making its debut in the self storage industry. Stor-Guard, a company specializing in design, manufacturing, installation, and security in the storage sector, is introducing its new Smartlok Solutions at the 2016 Inside Self-Storage World Expo. Stor-Guard says this new system ...
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Shovel in dirt with plant
CubeSmart Celebrates Earth Day with Green Initiatives

By Alex Hassel, A day to recognize the importance of environmental protection comes easy for CubeSmart. The self-administered and self-managed real estate investment trust focused on self storage is celebrating Earth Day by taking a look at its success in its Plant a Tree program. CubeSmart ...
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Gavel on book
Nebraska Will Go Another Year Without Self Storage Lien Law

By Alex Hassel, Nebraska, one of the two states left in the U.S. without a self storage lien law, will have to wait a little longer to get one. Nebraska’s 2016 legislative session ended on April 20, and LB 854 has been indefinitely postponed. The ...
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Line of model homes
Midwest Housing Shortage Could Be an Opportunity for Self Storage

By Alex Hassel, The Midwest has become a seller’s market for real estate, according to a Bloomberg report released in early April. In fact, the region is suffering from major housing shortages, particularly in cities like Omaha, Neb., and Minneapolis, Minn., where population growth is rising due ...
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Woman looking at on laptop
OpenTech Bringing National Attention to Storage Treasures

By Alex Hassel, Exactly three months after OpenTech Alliance announced its majority stake in the online and on-site self storage auction platform, Storage Treasures LLC, OpenTech is bringing into the national spotlight. The self storage technology provider says it’s rolling out an aggressive television ...
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Skyline shot of Charlotte, NC
Taylor/Theus Making Big Move in Charlotte Self Storage Market

Around 400,000 square feet of self storage is on its way to Charlotte, N.C. The Charlotte Business Journal reports that Taylor/Theus Holdings Inc., has four storage projects under construction. The first is an expansion of an existing storage facility at 3308 South Blvd., which will double the facility's 65,000-square-foot space. New ...
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Blurred photo of a trade show
2016 ISS World Expo Has a Packed Schedule

By Alex Hassel, If you ever wanted to meet anyone who was anyone in the self storage industry, the Inside Self Storage (ISS) World Expo is the place to be. The Las Vegas conference from April 25-28 will feature guest speakers, self storage education, more ...
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Hand typing on calculator while reviewing document
Lincolnwood, IL Mulling Over Self Storage Tax

By Alex Hassel, How would you react if your community instituted a self storage tax? That idea could soon become a reality in Lincolnwood, Ill. The Chicago Tribune reports that the village’s Committee of the Whole is debating whether or not to start a tax ...
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Clutter co-founders Ari Mir (left) and Brian Thomas (right)
Clutter Expands On-Demand Storage Service with $20 Million Fund

By Alex Hassel, On-demand storage services continue to spread across the United States. Most recently, Los Angeles-based Clutter announced that it raised $20 million from Sequoia Capital for its Series B fund. This is happening after Sequoia just led Clutter’s $9 million Series A fund ...
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Keynote speaker addresses conference
SiteLink Gearing Up for 2016 User Conference

By Alex Hassel, Heading to Las Vegas in April 2016? Try to attend SiteLink’s User Conference on the 24th! The management software company is offering panel discussions and educational sessions from both SiteLink experts and users to help storage operators get the most out of ...
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Pen on paper on desk
Washington Self Storage Bill Overcomes Political Battle

By Alex Hassel, After getting caught in political crossfire, the Washington state legislature’s SB 6148 has come out on top. The bill allows storage operators in the state to tow any vehicle in the result of a lien rather than go through the auction process. ...
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Woman looking over documents in an office
Several State Associations Pushing Self Storage Insurance Laws

By Alex Hassel, For many self storage operators, it’s standard practice to offer insurance with a tenant’s rental. However, there are some who worry whether or not this could become a legal issue. At this time, in 30 states, there are no laws that say ...
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