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Matt Davis has joined the capital markets advisory group at Colliers International|Cleveland. He will work in the self-storage national practice group.
Marcus & Millichap recently closed the sale of All Around Storage, a 45,600-rentable-square-foot, self-storage facility in Wisconsin Dells, Wisconsin.
U-Haul opened two new self-storage facilities, in Elgin and Streamwood, as it hopes to tap a "huge customer base."
American Street Capital has secured $6 million for the refinance of the Chicago Northside Storage property. The storage facility includes 52,800 square feet and 500 units in Wilmette, Illinois. The transaction closed in October of 2016.
The facility sits on 5.71 acres at 1435 Orchard Park Rd., and consists of 352 units with 54 expansion-ready units.
The 10-year permanent, fixed-rate loan features a 30-year amortization schedule.
Storage Pros - Airport, a 39,050-square-foot self-storage in Grand Rapids, Michigan, has sold for $2.1 million.
Lake Orion Self Storage, a 38,400-square-foot self-storage facility located in Lake Orion, Michigan, and StorMax, a 9,150 square foot self-storage facility in Oxford, Michigan, have sold, according to Marcus & Millichap.
M & R Printing Equipment has sold its 106,892-square-foot space located at 1N372 Main Street in Glen Ellyn, Illinois to LifeStorage. Asking price for the property was $3.7 million.
Associated Bank recently provided a $6.72 million construction loan for Metro Self Storage / Metro Storage Mundelein LLC.
Marcus & Millichap recently sold Store'N'Loc, a 54,878-square-foot self-storage facility in Comstock Park, Michigan. The facility sold for $1.18 million.
Pogoda Companies closed the sale of the 71,900-square-foot Westland Park Self Storage in Lansing, Michigan.
NAI Hiffman represented a private investor in the purchase of 1600 Busse Road in Elk Grove Village from CenterPoint Properties.
Kiser Group has announced the hiring of five new agents.
Associated Bank recently provided more than $14 million for storage and parking projects in Missouri and Illinois.
Marcus & Millichap closed the sale of A-1 Economy Storage, a 29,670-square-foot self-storage located in Lansing, Michigan.
A self-storage facility with 100-percent occupancy for the past three years is changing hands as its new West Michigan-based owner rebrands and adds the 10-building facility at 4254 Central Parkway to its growing portfolio.
The commercial finance sector has had no issue lending to commercial real estate this year. Financing is very active today, according to finance professionals.
Marcus & Millichap closed the sale of Day Heights Self Storage, a 64,896-square-foot self-storage facility in Milford, Ohio. The asset sold for $1.7 million.