Moving and Storage Business News

The News Review:

- Arcapita acquires leading storage and moving company for $451.4…
- Extra Space Storage Inc. to Present at Citi 2008 Global Property CEO…
- Former Bears linebacker enters Palatine mayor’s race
- 1950: Florida Power plans plant near Oldsmar

Arcapita acquires leading storage and moving company for $451.4…
Al-Bawaba – Feb 26, 2008
(c), a leading international investment firm headquartered in Bahrain, today announced that it and its affiliates have completed the acquisition of PODS, Inc. , a leading provider of portable storage and moving solutions for residential and business customers, for a total transaction value of US$451. The transaction was led out of Arcapitas US office in Atlanta, Georgia. PODS was founded on a revolutionary concept that has redefined the moving and storage industries, and since its launch in 1998, PODS has grown rapidly to become one of the most recognized brands in these sectors.

Extra Space Storage Inc. to Present at Citi 2008 Global Property CEO…
Maketwire – Maketwire (Communiqus de presse) – Feb 26, 2008
The Company’s properties comprise approximately 448,000units and 47 million square feet rented by approximately 330,000 individualtenants. The Company is the second largest operator of self storage in theUnited States. For Information:James OverturfExtra Space Storage Inc. (801) 365-4501Mark CollinsonCCG Investor Relations(310) 231-8600Extra Space Storage Inc. PHONE (801) 562-5556FAX (801) 562-55792795 East Cottonwood Parkway, Suite 400Salt Lake City, Utah 84121.

Former Bears linebacker enters Palatine mayor’s race
Rockford Register Star – Feb 26, 2008
His lack of political experience, he said, might benefit the community because it inspired him to reach out to as many people as possible and could bring new energy and passion to Village Hall. Schwantz works as a radio co-host of Bears pregame and postgame shows on WBBM-AM. He also is an account sales manager at a moving and storage company. He said he announced his candidacy nearly a year before the spring 2009 nonpartisan election to give him time to meet as many residents and community leaders as possible. Mullins said Monday she has not decided whether she will run for an additional term but questioned Schwantz’s quest for the village’s top job. “Most of the time, people who want to help in their community help out by running for the school board or the council or some other way of giving back to the community, instead of being presumptuous that they can do the job of chief executive officer before they’ve had any experience,” Mullins said. “Maybe he has a different take on it.

1950: Florida Power plans plant near Oldsmar
St. Petersburg Times – Feb 26, 2008
7, 1940 Movers and packers meet at Biltmore BELLEAIR – More than 200 furniture warehousemen, movers and packers gathered at the Belleview Biltmore for their annual meeting today to elect their new president. Bullock of the Security Storage Co. in Cincinnati already has been nominated and is scheduled to take office. He will succeed William T. Bostwick of New York as president of the National Furniture Warehousemen's Association. The board of directors, with William T…
Bostwick presiding, met in closed session over the weekend and Monday and elected Reed Bekins of San Francisco as board member to succeed Milo W. Bekins of Los Angeles after his 12 years of service. The Bekinses represent the largest moving concern in the world. Reed Bekins cited fair trade practices as the most important topic to come before the meeting during this session. He regretted all the legislation that has been created to bring about standard fair trade practices in the industry. "But as always, such legislation offers another excuse for some unethical operators to chisel and cheat the public," he said. Theresa Blackwell compiles the history column.