Inside Self-Storage News

Texas Self-Storage Facility Hosts School-Uniform Swap

Thu, 02 Jul 2009 14:50:40 PDT

National Self Storage in Horizon City, Texas, will be a school-uniform swap at its facility this month. Interested parties who drop off used uniforms at the facility by July 5 will receive a voucher to return on July 18 and participate in the exchange. The business is seeking donations of ...(105 words)

Former Motorola CEO Makes Headway in Self-Storage

Thu, 02 Jul 2009 12:56:31 PDT

Since leaving the company his grandfather founded, former Motorola CEO Christopher Galvin has busied himself with his real estate private-equity firm, Harrison Street Real Estate Capital, which specializes in self-storage, medical offices and student housing. Galvin, 59, left Motorola in 2004 and founded Chicago-based HSRE with his younger brother, ...(193 words)

IRE Brokers Sale of Two PA Self-Storage Facilities

Thu, 02 Jul 2009 11:08:28 PDT

In June, Investment Real Estate LLC brokered the sale of a 13,950-square-foot self-storage facility in Erie, Pa. Affordable Self Storage sold for $420,000. The 2.2-acre site includes land with approvals for an additional 15,000 square feet of storage. Dan Wolf represented the seller and buyer in the transaction. John Gilliland ...(162 words)

Sovran Self Storage Announces Quarterly Stock Dividend

Wed, 01 Jul 2009 17:15:54 PDT

Real estate investment trust Sovran Self Storage Inc. today announced a quarterly dividend of $.45 per share of common stock. The annualized dividend is $1.80 per share which, based on yesterday’s share price, equates to an annual rate of approximately 7.3 percent. The dividend will be paid on July 27, ...(124 words)

U-Store-It Closes $37.4M of Secured Loans

Wed, 01 Jul 2009 14:08:31 PDT

National self-storage company U-Store-It Trust has obtained four secured term loans totaling $37.4 million. The loans carry a weighted average interest rate of 7.2 percent and are secured by 17 of the company's self-storage properties throughout the country. One of the loans has a 10-year maturity, one has a five-year ...(306 words)

Legislative Victory for Arizona Self-Storage Operators!

Wed, 01 Jul 2009 11:21:33 PDT

In the wee hours of this morning, while exhausted Arizona legislators worked to pass a budget, self-storage operators in the state landed a fantastic victory with the passage of HB2435, a bill that amends the notification requirements for self-storage lien sales. Introduced to the legislature by the Arizona Self-Storage Association ...(551 words)

Free Online Advertising for Self-Storage: Webinar on July 30

Tue, 30 Jun 2009 15:11:48 PDT

On July 30, the Inside Self-Storage World Expo will host a free webinar titled, “Finding and Maximizing Free Online Advertising Opportunities for Self-Storage,” presented by David Wolf, managing partner and owner of National Yellow Pages Media. The live online seminar will teach self-storage managers and owners to identify and take ...(297 words)

Police Search Storage Unit for Evidence of Child Rapist/Murderer

Tue, 30 Jun 2009 14:59:27 PDT

Police searched a self-storage unit in North Port, Fla., earlier this month for a video that may contain footage of the rape and murder of a six-year-old girl. A confidential informant directed police to a unit containing explicit videos, one of which may be of Coralrose Fullwood, whose body was ...(211 words)

EPA Study Shows 2.2M at Higher Risk for Cancer Because of Air Pollution

Tue, 30 Jun 2009 08:21:35 PDT

A recent study by the Environmental Protection Agency (EPA) shows 2.2 million people live in an areas where pollution poses a higher risk of developing cancer. The EPA uses the National-Scale Air Toxics Assessment (NATA) study to identify areas in the United States where residents could face the greatest health ...(130 words)

LifeStorage Defends Against Terrorist-Type Threats

Mon, 29 Jun 2009 15:08:52 PDT

Self-storage operator LifeStorage has contracted homeland-security technology firm Defentect to provide its DM3 and Gammatect technologies at 10 LifeStorage facilities in Chicago. The $135,000 follow-up contract follows an initial $20,000 order from LifeStorage in March for Defentect's chemical, biological, radiological, nuclear and explosive threat-detection technologies. DM3 is a management, ...(179 words)