Moving and Storage Business News

The News Review:

- Storage facility plan voted down
- US Stocks Rise, S&P 500 Hits Record; Energy, Financials Rally
- Extra Space Storage Inc. to Present at the 2007 NAREIT Investor Forum
- THE COLOR OF MONEY COLUMN – Moving Broker Scams

Storage facility plan voted down
Republican – MassLive.com – The Republican – MassLive.com – May 30, 2007
Garvey of Springfield InvestmentGroup LLC said the firm was prepared to invest $800,000 inbuilding 208 units of self-storage on 120,000 square feet ofwhat is now vacant, wooded land. The company also would be as flexible as possible withneighbors and the city, said Garvey, of East Longmeadow. Operating hours would be 6 a.

US Stocks Rise, S&P 500 Hits Record; Energy, Financials Rally
Bloomberg – May 30, 2007
stocks surged for a third day,sweeping the Standard & Poor's 500 Index past its 2000 record,led by energy and financial shares. and American Express Co. also helpedcarry the Dow Jones Industrial Average to its 25th closing highthis year. Higher oil prices and the minutes of the FederalReserve's May 9 meeting enabled stocks to overcome earlierlosses sparked by a rout in Chinese shares. The S&P 500 has almost doubled since hitting its low forthe decade of 776…
owner of self-storage units,jumped $4. Shares of eight real estate investment trusts were raisedto “buy'' from “hold'' at Deutsche Bank AG after TishmanSpeyer Properties LP and Lehman Brothers Holdings Inc. agreed tobuy Archstone-Smith Trust for $13.

Extra Space Storage Inc. to Present at the 2007 NAREIT Investor Forum
Market Wire (press release) – May 30, 2007
The properties comprise more than 425,000 units and 46million square feet rented by over 340,000 tenants. The Company is thesecond largest operator of self storage in the United States. Additionalinformation is available on the Company’s website at.

THE COLOR OF MONEY COLUMN – Moving Broker Scams
Black America Web – May 30, 2007
That may not be so smart or cost-effective. Using a moving broker may just lead you to a scam. Don’t let a sophisticated-looking Web site fool you into thinking you’re dealing with a legitimate company, says David Sparkman, vice president of communications for the American Moving and Storage Association. A moving broker acts as a middleman arranging for a consumer to find a mover either through an affiliated moving carrier or by posting on the Internet details of a consumer’s move. In the latter case, moving companies bid for a job based on details collected by the broker. The broker typically collects a deposit or a fee based on its estimate of how much a move will cost, Sparkman said. There are several types of broker scams…
Don’t let a sophisticated-looking Web site fool you into thinking you’re dealing with a legitimate company, says David Sparkman, vice president of communications for the American Moving and Storage Association. A moving broker acts as a middleman arranging for a consumer to find a mover either through an affiliated moving carrier or by posting on the Internet details of a consumer’s move. In the latter case, moving companies bid for a job based on details collected by the broker. The broker typically collects a deposit or a fee based on its estimate of how much a move will cost, Sparkman said. There are several types of broker scams. In one, a broker will promise to arrange your move for a low price. You pay a deposit or fee.