The official end of coronavirus-linked shutdowns has unleashed a surge in demand — including a Bay Area mega-deal — for a mundane-sounding commercial real estate product: self-storage f…
But once the shutdowns ended, the self-storage industry’s fortunes swiftly brightened.
Here’s what InSite Property Group paid for the seven self-storage sites in the Bay Area, according to deeds filed with county agencies:— 6880 Santa Teresa Blvd. in San Jose, $26 million— 324 S. Main St. in Milpitas, $16.5 millionThe transactions were all completed in late July or early August. The final deal of the seven, the West Taylor site in San Jose, was concluded on Aug. 9, property documents show.
It’s possible that inflation woes and ongoing supply-chain difficulties could crimp new development. That could limit the construction of facilities whose new units would compete with existing self-storage sites.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bay Area frozen food giant Amy's Kitchen hit with fine for safety violationsBetween 2014 and 2019, Amy's Kitchen was fined a lot more for safety violations.
Lire la suite »
Lucky stores set to close all pharmacies, advocates worry about access for some Bay Area patientsPharmacy operations were bought-out by Walgreens and prescriptions will be transferred to its nearest store. Advocates say the move may restrict access and equity to many customers who depend on their local pharmacy.
Lire la suite »
Man who buried dozens in Bay Area quarry to be freed from prison'His mind is still evil and he is out to get what he wants,' one survivor told the parole board.
Lire la suite »
Disastrous megaflood could sink much of Bay Area underwater in 30 to 40 years, experts sayResidents in low-lying cities along the bayshore, San Francisco and Oakland airports, and freeways would be flooded as mega storms dump rain for three to four weeks, not days, as a result of climate change.
Lire la suite »
13-year-old SF Bay Area girl reported missingThe Oakland Police Department is calling on the public to help find a 13-year-old girl from Alameda who went missing three days ago.
Lire la suite »
Tech giant pushes strict return-to-office plan for Bay Area staffThe plan was pushed back multiple times because of the pandemic.
Lire la suite »