Category: Development News

Eastern Union Secures $18.5 Million to Refinance Construction of Multifamily, Mixed-Use Property in Manchester, NH

Eastern Union, one of America’s largest commercial real estate mortgage brokerages, has arranged an $18.5-million loan to refinance construction of a 77-unit, multifamily, mixed-use development in Manchester, NH. The 12-month mortgage was secured by loan consultant Yossi Rubin and loan originator Chaskel Horowitz. The eight-story, 98,000-square-foot building, presently under construction, is located at 31 Central Street near the University of New Hampshire and the Southern New Hampshire University Arena. Construction is expected to be completed by the end of this year. “We are grateful that we were able to connect…

Talonvest Capital Closes $25.2M Bridge Loan for Their Newly Developed Self-Storage Facility in Vista, CA

Talonvest Capital, Inc., a boutique self storage and commercial real estate advisory firm, is pleased to announce the closing of $25,250,000 non-recourse, bridge loan on behalf of Clear Sky Capital and their institutional equity partner for their newly developed, 1,484-unit Class A self-storage facility with 132,695 square feet of rentable area that also contains 45 vehicle/RV parking stalls. The property is located at 510 N Avenue in Vista, CA. Despite the increased market volatility in the second quarter, Talonvest successfully sourced multiple competitive financing options, with 40% of the lender…

Construction Underway for New Self-Storage Facility in New Braunfels, TX

A 90,000 square-foot CubeSmart Self Storage facility, which broke ground at Hwy. 46 at FM 1863 in February, is expected to be completed by 2026, SurePoint Development Partner Clint Wynn told Community Impact. SurePoint Development is the developer and investor on the project. The San Antonio-based, privately held real estate investment company specializes in the development of self-storage properties, according to the company’s website. CubeSmart Self Storage offers storage units ranging from 5×5 to 10×30. The company offers self, business, moving and climate-controlled storage units along with storage units for…

MV Investment Announces Development of Premier Class A Climate Controlled Self Storage in Kissimmee, FL

MV Investment announces the development of a premier Class A climate-controlled self-storage facility. The facility is located within an established suburban community of Orlando with targeted, innovative growth at the intersection of Highway 17 and S Hoagland Blvd. The once residential node of Osceola County is welcoming national retailers and rapid residential growth, creating high demand for class A self-storage solutions. The state-of-the-art three-story facility will offer 1,002 storage units ranging from 3’x5’ to 10’x30’, catering to a wide range of storage needs. “We’re thrilled to bring a new, state-of-the-art…

StorageMart and Manhattan Mini Storage Third Party Management Onboard 27 Metro Storage Facilities across the U.S

StorageMart and Manhattan Mini Storage Third Party Management have announced a significant portfolio expansion through a collaborative onboarding of 27 self-storage facilities formerly operated by Metro Storage. Located across seven states and representing over 2 million net rentable square feet and 18,672 storage units, these facilities are now fully integrated into the company’s third-party management platform and are operating under either the StorageMart or Manhattan Mini Storage brand. This expansion reinforces the company’s position as a leading self-storage provider for third-party management services, offering a dual-brand solution for storage owners…

SurePoint to Develop a Self-Storage Facility in The Woodlands, TX

SurePoint Development, a self-storage owner-operator based in San Antonio, will develop a 90,0000-square-foot (net rentable) facility in The Woodlands, about 30 miles north of Houston. The number of units has not yet been finalized. The site is located near the intersection of Six Pines Drive and Lake Front Circle within The Woodlands Town Center, and the property will feature climate-controlled space. Construction is scheduled to begin next spring and to be complete in the first quarter of 2027. Source

Storage Post Self Storage Brings Three New Storage Properties Under its Management in New York, NY

As of July 1, three Sofia Storage properties in Brooklyn and Manhattan are now under the management of Storage Post Self Storage. With Storage Post employees on site, the company is actively working to transition new and existing self-storage customers to Storage Post, as well as activating on future improvements, including: Electronic Entry Codes: Tenants will receive personal access codes to access the facility and the elevators Climate-Controlled Storage: Facilities will be outfitted with heating and air conditioning systems Elevator Upgrades: Employee-led elevator operations will be replaced with automatic elevators…

AZ Storage and RV Parking Hosts Grand Opening in Pahrump, NV

With a crowd of around 30 friends, family, employees and chamber of commerce members, and with taco and ice cream trucks, AZ Storage and RV Parking cut the ribbon for their grand opening on Monday, June 23. The state-of-the-art self-storage, RV and boat parking facility is located at 2530 E. Commerce St. in Pahrump. The new property has “296 [self-storage] units, and 48 RV spaces; 10 covered, and 38 uncovered,” explains Sylvia Sumner, who owns the business with her husband, Justin. The storage units are available in four sizes, ranging…

Former Outdoor Living Store Site to Transform into Self-Storage in Whitehall Township, PA

The former Green Acres Outdoor Living site in Whitehall Township has been sold to a developer who plans to build a self-storage facility. HSS Mickley LLC purchased the 1.5-acre parcel at 1176 Mickley Road for $2.3 million in May, according to Lehigh County real estate records. HSS Mickley shares an address in Berwyn, Chester County, with Hearthfire Holdings, a real estate investment firm specializing in self-storage facilities. The township planning commission approved Hearthfire’s plan for the site in August. According to Green Acres’ website, the company opened a year-round lawn…

Storage Star Set For $438k Rebuild After January Fire Damage in Laredo, TX

A storage facility off Quail Creek Road that sustained thousands of dollars in damage earlier this year is set to be rebuilt by October, according to a Texas Department of Licensing and Regulation permit. On Jan. 26, the Storage Star self-storage facility was found in flames by the Laredo Fire Department shortly after 9 p.m. Items ranging from family photos and documents to cars stored inside the building at 2110 Quail Creek Rd. were left charred, unrecognizable and turned to ash. Aftermath coverage showed photos of the storage units’ bright…