Contributing Editors

Haverford Students Face Storage Crunch

by Winnie Hsiu March 29, 2010 1:39 PM
Students at Haverford College, in Haverford, Pennsylvania,were required to remove all their possessions from storage over spring break this year. Spring break at Haverford began on March 5 and ended on March 15. In addition, Haverford is inaugurating a new policy in which storage space is not offered to students who live within 150 miles of campus.

Although student residence halls at Haverford were kept open over spring break, the college made the decision to clean out storage areas during the break, warning students that any items left in storage would be donated to charity. [More]

New York Jets Flight Crew to Appear at Extra Space Opening in New Brunswick

by Winnie Hsiu March 25, 2010 6:16 PM
Extra Space Storage of South Brunswick, New Jersey, announced that several members of the New York Jets Flight Crew (the cheerleading squad for the New York Jets) will be in attendance at its grand opening celebration. The grand opening will be held at the new South Brunswick Extra Space location, 3780 Route 1, Monmouth Junction, New Jersey, between 11 a.m. and 3 p.m. on Saturday, March 27.

Festivities on the 27th will begin with a ceremonial ribbon cutting by Monmouth Junction mayor Frank Gambatese. After that, three members of the New York Jets Flight Crew will be available to sign autographs and have their photos taken with Extra Space guests for the next two hours. The event will also include refreshments, games and prizes, tours of the new storage facility, and special promotions for everyone in attendance. Anyone who would like to come is invited. [More]

Neither a Borrower Nor a Lender Be -- Be an Investor

by Holly Robinson March 24, 2010 9:01 AM
Foreshadowing the current commercial real estate foreclosure crisis by several centuries, Polonius advised in Shakespeare's Hamlet: "Neither a borrower nor a lender be." He might as well have added, "Be an investor instead." Polonius' words put most of the analysis of commercial real estate industry experts, reflecting on the state of the industry in major newspapers all over the country this weekend, into a nutshell. [More]

Flood Risk Areas Evacuate; Residents Move Belongings Into Storage

by John Stevens March 23, 2010 4:41 PM
Residents of areas that are at high-risk of flood across the United States left their homes this week and moved as many of their possessions as they could into storage. The National Weather Service warned on Tuesday that one third of the contiguous United States is at high risk for “historic flooding.” In many areas, the flooding has already begun. [More]

No Recession for Singapore Self Storage Companies

by John Stevens March 23, 2010 4:14 PM
Self storage was introduced to the country of Singapore in 2003. Since then, the Singapore self storage industry has been thriving, almost as if a recession was not going on in the rest of the world. Currently, there are about 20 self storage facilities scattered around Singapore, especially in Changhi, Kallang, Tampines, and Toa Payoh.

Inside Self-Storage reported yesterday that the first self storage business to enter the Singapore market, StorHub Self Storage, has seen its revenue climb from $900,000 in its first year of operation to $13.4 million last year. Its net profit has steadily increased from a loss of $1.4 million in 2003 to a yield of $2.4 million in 2009. Extra Space Self Storage of Singapore, which opened more recently, in 2007, has seen its revenues and net profits quadruple since then. [More]

CA SSA Hosts Gen BuY Author at Marketing Symposium

by John Stevens March 23, 2010 4:04 PM
The California Self Storage Association (CSSA) has announced that Kim Yarrow, the author of Gen BuY: How Tweens, Teens, and Twenty-Somethings Are Revolutionizing Retail, will be the keynote speaker for its upcoming marketing symposium, the 4th Annual Northern California Self Storage Owners’ Symposium. The symposium will take place on April 29th, from noon to 6 p.m., at the Lesher Theater in Walnut Creek, California. [More]

Boat, RV Storage Rules Changing in Some Cities

by Holly Robinson March 23, 2010 4:01 PM
If you need to store a boat or an RV, it is wise to check with your municipality to find out the most current rules on boat or RV storage. In some cities across the nation, city councils and village trustees are changing the rules. Many self-storage facilities will accept vehicles for storage, giving boat and RV owners another option if they live in an area that prohibits outdoor storage of large vehicles. [More]

Vintage Cars Abandoned in Washington Mini-Storage Facility

by Tony Gonzalez March 23, 2010 3:51 PM
When port facility workers in Pasco, Washington, cleaned out the port’s old mini-storage facility to prepare the building for demolition, they found a surprise: two vintage sports cars dating from the 1970s. One of the cars is a 1974 Aston Martin, while the other is a 1972 Jaguar E V12 Coupe.

Both cars were abandoned in the mini-storage, according to the port director of finance and administration, Linda O’Brien, who spoke with Tri-City Herald reporter Kristi Pihl over the weekend. She said the port had tried repeatedly to contact the former tenant who left the cars there, with no luck. Consequently, the port is auctioning the cars to make up the money that is owed in back rent on the storage space. Bids will be accepted until 10:30 a.m., Pacific time, on March 31, at the port’s administrative building (904 E. Ainsworth St., Pasco, WA, 99301, or P.O. Box 769, Pasco, WA, 99301). The minimum bid for the Aston Martin is $750, while the minimum for the Jaguar is $500. [More]

Alligator Self Storage (UK) Announces Plans to Expand

by Kim Kilpatrick March 23, 2010 3:40 PM
Alligator Self Storage, a Scottish self storage chain, has announced that it plans to expand into two or three more sites this year. It has already acquired 12 new locations over the past several months, thanks to the tireless efforts of founder Alister Jack. Jack financed the acquisition of the 12 new locations, which came from Australian investment bank Macquarie, with 20 million from Merrill Lynch (through Bank of America).

“We have the ability to finance the acquisition of more sites,” Jack told Scott Reid of Scotland on Sunday yesterday. “We would like to buy two or three in the next year, though there’s quite a bit to do in terms of integrating the latest sites.” [More]

AZ Self Storage Company Donates Units to Fire Victims

by Winnie Hsiu March 19, 2010 5:38 PM
The Phoenix branch of Everest Self Storage, a company which has long supported the Phoenix Fire Department, has announced that it will now serve as a drop-off location for donations to be given to the victims of local fires. In addition to being a location where people from all over the community can drop off items, Everest also accepts donations from its own customers when they clean out their storage units and find reusable household objects that they would like to give away.

The donations will be distributed through AZ Compassion-in-Action, a volunteer organization that was formed for the purpose of helping people who suddenly and without warning become the victims of financial hardships, such as a fire. [More]
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