Moving and Storage Business News

The News Review:

- Storage Investment Advisors Closes More Than $95 Million in First…
- Garage organization systems are hot, and could help at resale
- Commercial transactions | Dallas Morning News | News for Dallas,…
- Tons of Food Spoiled As FEMA Ran Out Of Storage Space

Storage Investment Advisors Closes More Than $95 Million in First…
PR.com – PR.com (press release) – Apr 13, 2007
The Garden City Park facility is among four properties SIA sold for Lock Up Development in the past six months. The other three properties, sold in October 2006, are located in the Chicago metropolitan area and were purchased by Orlando, Fla. -based OB Companies, owners of the Simply Self Storage chain of properties. • A 61,000-square foot, 641-unit facility in Bayport, N. , which was part of a three-property, Class A self-storage portfolio offered for $52 million by Boston Capital, a Boston-based real estate and investment advisory firm, and purchased by OB Companies. The other two properties, located in Queens, N.

Garage organization systems are hot, and could help at resale
MarketWatch – Apr 13, 2007
Because a homeowner can transport some Gladiator elements — including drawers on casters and appliances — to a new residence, there will often be discussion among a buyer and seller at negotiation time on whether the system will stay in the garage, she said. Another big player in the market, GarageTek, began in 2001 with annual sales of $2 million. The full-service garage organization company had $30 million in sales in 2006, and is expecting $36 million in sales this year. Over the years, GarageTek has also expanded to include franchises in many states, and recently opened franchises in Los Angeles, San Diego and Orange County, Calif. 1 There are a couple of reasons for this growing trend of tidiness, according to the SBI report. For one, many Americans are accumulating an increasingly large amount of stuff and are looking for ways to store and keep track of all of it…
For one, many Americans are accumulating an increasingly large amount of stuff and are looking for ways to store and keep track of all of it. The study pointed to the growth in the storage-facility industry as proof. According to the Self Storage Association, 9% of U. households rented a self-storage unit in 2005, a 50% increase from 1995 figures. Gross revenues in the primary self-storage facility industry were about $23 billion in 2006, according to the association. There’s also movement toward extending the garage as a living space, incorporating stations for crafters and gardeners and creating auxiliary play space for kids.

Commercial transactions | Dallas Morning News | News for Dallas,…
Dallas Morning News – Apr 13, 2007
has purchased a 45,530-square-foot office-warehouse at 1906 S. Great Southwest Parkway in Grand Prairie. John Watson arranged the sale with Craig Jones of NAI Robert Lynn Co. A California-based investor has purchased a 90,786-square-foot self-storage center at 10395 Alta Vista Road in Keller. Roger Hendricks and Waylon Grubbs of Marcus & Millichap negotiated the sale. A California investor has purchased the 160-unit Spruce Square Apartments, 442 S.

Tons of Food Spoiled As FEMA Ran Out Of Storage Space
Washington Post – Apr 13, 2007
News of the latest problems at FEMA follows findings after Katrina that the agency awarded up to $1 billion in improper payments to individuals, spent $900 million on 25,000 trailers that could not be used in flood zones and paid $1. 8 billion for hotel rooms and cruise ship cabins that were more expensive than apartments. The latest difficulties again raised fears that the agency is not moving fast enough to improve how it stocks, tracks and delivers vital goods before another hurricane season begins on June 1. "I am angry about this senseless waste of taxpayer money and hopeful that the FEMA reorganization that our committee recommended. will put an end to screw-ups like this," said…
While homeland security officials last spring described plans to track all vehicles that go through FEMA warehouses by June 2006, completion of the first phase has been extended at least twice, to October 2009, and the system is operating in just two of 10 regions of the country. The contract to develop that system was awarded, without competitive bidding, to a small suburban Atlanta company in 2005, before Katrina hit. The company, Stratix Corp. , has received more than $43 million of $71 million spent so far on the project. In May 2006, it hired Kenneth O. , FEMA’s chief operating officer and a proponent of the project, as a top executive.