October 8, 2009 7:44 AM
As reported October 8 on searchstorage.com (an online storage-specific information resource for IT professionals), IBM has just launched 2 new data storage product packages intended to simplify deployments for customers interested in installing private storage clouds and consolidating data archiving infrastructures. This launch happened at the IBM Information Infrastructure Analyst Summit held yesterday.
During the meeting of industry analysts and press, IBM also laid out a new strategy for packaging stacks of products according to applications and use cases, making them easier to install and manage, according to Barry Rudolph, Vice President - IBM System Storage. As part of the plan to supply turnkey stacks for cloud computing and data archiving, IBM rolled out the IBM Smart Business Storage Cloud and the IBM Information Archive appliance. [More]
October 8, 2009 7:08 AM
According to State Agriculture Secretary Rod Nilsestuen, as reported in October 7’s Wisconsin Ag Connection (www.wisconsinagconnection.com), which is one of the United State’s largest online agricultural news networks, close to one-half of all of Wisconsin’s dairy producers use storage and liquid manure spreading systems to efficiently manage their manure. Both Wisconsin’s agriculture and natural resource officials are recommending these dairy farmers take preventative manure handling measures “sooner rather than later” to avoid potentially costly cleanups if corners are cut to reduce expenses. However, many of these farmers are already strapped, due to lower milk prices; therefore, they are opting to delay their storage emptying requirements, which could mean an increased risk of manure spills and other problems. [More]
October 6, 2009 8:00 PM
As reported in the October 6 edition of the Boulder County Business Report (www.bcbr.com), Lone Tree-based SecurCare Self Storage just acquired five Boulder properties with close to 250,000 square feet of self-storage space, for $26 million.
SecurCare Self Storage purchased the facilities at 4545 and 4667 Broadway, 5815 and 6338 Arapahoe Road, and 6405 Odell Place from Pennsylvania-based U-Store-It (NYSE: YSI), according to Boulder County public records. These properties were purchased by SecurCare through the HVP Storage II LLC name, funded by investors through Chicago-based investment company Heitman Capital Management LLC. [More]
October 6, 2009 7:07 PM
As reported on Bloomberg.com on October 6, the Energy Information Administration (EIA) will issue a series of reports on the effects of the financial markets on energy prices, according to Richard Newell, the EIA’s director. The date for the issuance of these reports has yet to be determined.
Beyond assessing the impact of financial markets on energy prices alone, these reports will examine energy prices comprehensively, factoring in variables such as storage capacity, physical inventories and geopolitical factors. [More]
October 6, 2009 8:01 AM
According to an October 5 posting on business website briefing.com (an internet provider of live market analysis for U.S. Stock, Bond, and world FX market participants), Sovran Self Storage (SSS) announced updated financial guidance for FY09 resulting from its recent common stock public offering. SSS reaffirmed its FY09 FFO's of $2.69-2.74, excluding $0.34 in charges and a dilutive impact of $0.02-0.03, versus $2.68 consensus. SSS sees Q4 FFO's of $0.63-0.65, excluding $0.34 in charges and a dilutive impact of $0.02-0.03, versus $0.62 consensus. [More]
October 5, 2009 7:04 PM
According to TheState.com, Michigan State University's Department of Entomology will be welcoming its collection of 1.5 million insect specimens, which began nearly one and a half centuries ago, to a new abode, with help from a federal stimulus grant that is underwriting the updated facility, as well as an upgraded online specimen database.
In July of this year, MSU’s Department of Entomology was advised that a grant in the amount of $187,632 from the National Science Foundation (NSF), had been made for capital improvements to the facilities at the A.J. Cook Arthropod Research Collection (named for the MSU professor who started the collection in the 1860's [More]
October 5, 2009 4:54 PM
According to self-storage operator Equity Based Services, the recession is good for business.
Equity Based Services, Inc. (EBS) (www.ebscorp.com) is based in San Diego, California, and specializes in self storage property. It is one of the largest privately held owner/operators in the country (although significantly smaller than larger, publicly-held companies like Extra Space Storage (NYSE: EXR) and Sovern Self Storage (EXR: SSS) in terms of total properties under management.) With a current portfolio of 63 properties (worth $300 million) under management (in 11 states) and 15-20 new acquisitions per year, EBS recently reported that it obtained an extension on a $3.5 million construction loan for a new, climate-controlled storage building in Peoria, Arizona, and is enjoying higher sales this year as more businesses and individuals are forced to temporarily store equipment and belongings. (According to their website, EBS typically acquires existing self storage facilities both stabilized and cash flowing as well as opportunistic "Value Add" transactions.) [More]