May 17, 2013 1:30 PM
If you've noticed in the self storage news lately, Storage Post has been purchasing self storage businesses on a regular basis. Just as their portfolio is increasing and growing stronger, the management team is also increasing and growing stronger. They announced the appointment of Marvin Banks to the Chief Operating Officer position. [More]
July 5, 2010 2:11 PM
According to a survey conducted this spring by the Pew Research Center, people worldwide say that women and men should have equal rights. But, researchers discovered, the same people who make this claim also believe that women are far from having achieved equality. Women living in the United States and Europe are especially discouraged by the lack of progress toward equality and women’s rights, the study showed....
How does the self storage industry stack up against other industries when it comes to equal rights between men and women? Are women members of the club? Women in the industry walk a careful line when they are asked about this issue. Many women in self storage, like Pam Alton of Mini-Management Services, and Nancy Gunning of Chesapeake Resources, feel strongly that they have not experienced any barriers to success as a result of being female. [More]
June 21, 2010 4:29 PM
Four Dallas-area residents, tired of looking at an empty Walmart building that has stood empty for six years, have decided to buy Walmart’s old retail building and convert it into a self storage facility. The Walmart will be turned into a Just Store It. The interior demolition work is already finished, and work on the interior renovations began today. The development is the brainchild of developer Brad Tidwell of Dallas, who looked at the old Walmart building and saw a conversion deal.
“Every time I see a new idea,” Tidwell explained in the Sunday Longview News-Journal, “my first thought is, ‘will this work in Longview?’” [More]
February 3, 2010 5:03 PM
Tech-Fast Self Storage founders Dave Cook and Mark Duncan announced today that they have sold the Tacoma, Washington company to Trachte Building Systems, Inc.
Tech-Fast,which was founded in 1989, designs and builds customized low- to mid-rise, pre-engineered self-storage buildings. The company's philosophy is to make self-storage properties "easy to plan, simple to build and profitable to operate." Tech-Fast advises its clients from the very beginning of a project, including finding a location, acquiring property, performing a feasibility study, obtaining city/county permits, and constructing the facility. Trachte, which is headquartered in Sun Prairie, Wisconsin, runs a very similar business. It designs and produces customized, pre-engineered steel self-storage systems. Trachte makes single- and multi-story systems, portable storage, interior partitions and corridors, and boat/RV canopies. Trachte was founded in 1901, by two brothers (George and Arthur Trachte) who had become tinsmith apprentices, learned the trade, and then went into business for themselves. [More]
January 29, 2010 8:10 PM
Last night Redtree Properties, a Santa Cruz, California real estate developer, went before the City Council in Capitola, California, to discuss its proposal to turn vacant office space into self-storage units. The office space, which is located in a shopping mall, is not zoned for self-storage. The office spaces could not be converted to self-storage unless the city rezones the area or amends the neighborhood commercial zone law to allow self-storage. But the Capitola Planning Commission is in favor of the idea.
The office complex, which is located at 809 Bay Ave in Capitola, next door to the Nob Hill shopping mall, was last occupied in August 2008. It occupies 37,232 square feet of space, which Redtree plans to convert to 394 self-storage units. [More]
January 19, 2010 2:09 AM
The managers of American Self Storage, in Harlingen, Texas, are worried about the drainage ditch that adjoins their property. The ditch runs north and south off Tyler, the same street that American is located on. The problem is that the ditch is full of grass and may not drain properly in the event of a flood. (Harlingen is located next to the Rio Grande.)
Experts agree with American Self Storage's managers that the ditch needs to be cleaned. They just can't agree on who should do it: the city or the irrigation district. While the issue of a dirty ditch may seem minor, it illustrates the turf wars that can occur between local government departments when previously rural land becomes more developed and is used in different ways than it was when originally zoned. [More]
January 6, 2010 11:03 AM
Charles "Chip" Cordes and Tom Hankinson, both veterans of the self-storage construction field, have started their own self-storage construction, management and consulting firm, Summit Construction Management Group. The firm is based in Clermont, Florida.
The new firm will not be Cordes' and Hankinson's first chance to work together. The two are old friends and colleagues. Nor will Summit be either man's first entrepreneurial effort. For nearly fifteen years prior to joining United, Hankinson owned and operated his own general contracting firm. At the time, Hankinson specialized in building construction (both commercial and residential) and in residential land development. Cordes, on the other hand, has been a self-storage vendor since 1989. He co-founded U.S. Door & Building Components, and became its vice-president, a position that required him to travel around the world and gave him the chance to observe, and learn from, a variety of self-storage markets, modes of construction, and operating procedures. [More]
December 16, 2009 2:36 AM
Inside Self-Storage has announced that its 2010 World Expo will be held March 1-3, in Las Vegas, at the Paris Hotel and Resort. The Inside Self-Storage Expo is the self-storage industry's largest convention and trade show. It provides a four-track education program and development seminars, and gives self-storage owners, entrepreneurs, investors, developers, and suppliers a chance to meet each other and network. It will also include product and service exhibits. All in all, the 2010 ISS Expo will provide 36 seminars, four workshops, two days of product and service exhibits, five networking events, and a Self-Storage Q&A roundtable discussion. A new feature this year will be the Technology Marketplace, where Expo exhibitors can show off the newest security, software, and other technology-related products.
One of the most popular seminars at the Inside Self-Storage Expo every year is the intensive, six-hour Developers Seminar. This year, the Developers Seminar will be hosted by RK Kliebenstein, the president of Coast-to-Coast Storage, and will take place on March 3, from noon until 6 p.m. Kliebenstein will provide potential investors with tools and information they need to evaluate whether self-storage is a good business fit for them, explaining the how to develop a self-storage site, how to find financing for a self-storage venture, and focusing on how the economic recession has affected the self-storage business. Kliebenstein's workshop will also be helpful for small self-storage facility owners who are looking for ideas to help them expand their businesses. [More]