Sterling Opens Long Island CubeSmart

 

Sterling Equities opened a new storage facility in Farmingdale, New York. CubeSmart will manage the property.

 

 

 

Trac-Rite Partnership Offers Unit Renewal

 

Trac-Rite launched Renew-Rite, a new product to repair and modernize damaged facilities with new roll-up doors and metal building components. Renew-Rite is in partnership with Accent Building Restoration, Inc.

 

Lower Named IREGC CFO

 

Investment Real Estate Group of Companies named Kenneth Lower as its chief financial officer. Lower was previously with UMB Financial. IREGC operates Moove In Self Storage.

 

Marcus & Millichap Brokers Texas FreeUp

 

Marcus & Millichap brokered the sale of FreeUp Storage in North Richland Hills, Texas. The seller was Spartan Investment Group and the buyer was Hinze Capital.

 

Watkins Honored by EY for Entrepreneurship

 

Lance Watkins, CEO of Tenant Inc., is a finalist for EY’s Entrepreneur of the Year 2025 Pacific Southwest.

 

DXD Plans Hawaii Development

 

DXD Capital executed a long-term ground lease to develop a new storage facility in Kahului, Maui, Hawaii.

 

Rosewood Completes $125M Refi

 

Rosewood Property Company closed a $125 million refinance for a 19-property portfolio that includes assets in the Midwest, Northeast and Mid-Atlantic regions. Newmark arranged the financing.

 

DaVinci Settles Overlock Dispute

 

DaVinci Lock and SpiderDoor reached a settlement in a dispute over DaVinci’s mechanical overlock. SpiderDoor has agreed to an injunction and will stop the marketing, sale and distribution of mechanical overlock solutions.

 

Absolute to Manage Georgia Property

 

Clayton Self Storage – Annex acquired a facility in Clayton, Georgia. Absolute Storage Management will operate the facility.

 

Buchanan Buys Las Vegas Asset

 

Buchanan Street Partners acquired a newly constructed facility in Las Vegas, Nevada. US Storage Centers will manage the facility.