Moving and Storage Business News

The News Review:

- … Real Estate Group Sells Portfolio of Self-Storage Facilities…
- Extra Space Storage Inc. Announces Conference Call to Discuss Second…
- Lawsuit puts turbine plan in jeopardy

… Real Estate Group Sells Portfolio of Self-Storage Facilities…
Free with registration – PR Newswire – AccessMyLibrary.com – Jul 19, 2007
-based Real Estate group today announced that it has sold a portfolio of four self-storage properties located in the Chicago metropolitan area. The assets were owned jointly by Investcorp and its operating partner, Storage Today (R), a self- storage company headquartered in Scottsdale, AZ. Terms of the transaction were not disclosed.

Extra Space Storage Inc. Announces Conference Call to Discuss Second…
Earthtimes – Jul 19, 2007
The Company’s properties comprise approximately 441,000units and 46. 9 million square feet rented by approximately 323,000individual tenants. The Company is the second largest operator of selfstorage in the United States. For Information:James OverturfExtra Space Storage Inc. (801) 365-4501Mark CollinsonCCG Investor Relations(310) 477-9800Extra Space Storage Inc. PHONE (801) 562-5556FAX (801) 562-55792795 East Cottonwood Parkway, Suite 400Salt Lake City, Utah 84121.

Lawsuit puts turbine plan in jeopardy
townonline.com – Jul 19, 2007
It is the first industrial turbine development to be approved in Harwich. Davenport Realty Trust filed suit in Barnstable County Superior Court seeking to annul the June 12 decision by the Harwich Planning Board, which granted a special permit to Gerald Bojanowski, a business owner and general contractor. Davenport owns adjacent property, at 297 Great Western Road, South Dennis, where it operates All Cape Self Storage and has one residential unit. Harwich town planner Sue Leven declined to comment on the merits of the lawsuit, but said the action effectively “stops the clock” on Bojanowski’s plans. He had intended to begin construction in early September…
The bylaw must still be approved by the state attorney general, which also is noted in the Davenport lawsuit. However, Leven said approval was expected within a month. Bojanowski is prohibited from moving forward with the development while the lawsuit is under way. Veara said the court had not yet assigned a tracking order for the case. Leven said it would likely take several months for the suit to move forward. She added that when an appeal is filed against a favorable decision by the planning board, it is the applicant’s responsibility to defend it – not the town’s. David Brooke contributed to this report.