Industry News

For the past three days, airport officials at Bend Municipal Airport (OR) have been conducting inspections of their hangars to ensure space is being used as intended…for all things aviation. In the recent past, however, city officials have found some airport tenants storing everything from office supplies to cars in their hangars, despite the fact that both city and county rules stipulate these hangars are intended for aviation storage only. According to The Bend Bulletin, which covers local news of Bend and Central Oregon, Bend...

The Idaho Mountain and Express Guide today announced that the Blaine County School District has placed a six-month moratorium on a controversial plan to install a 12,000-gallon biodiesel storage tank at the district’s bus maintenance facility near Fox Acres Road in east Hailey, Idaho. The proposal was approved in September, 2009, by the Hailey Planning and Zoning Commission; however, school Superintendent Lonnie Barber stated Wednesday that now the district would like to reexamine the biodiesel storage tank plan. Barber cited...

As reported in October 9’s The Globe and Mail (Canadian English newspaper based in Toronto), crude oil inventories have been coming off skyrocketing levels, which is generally an indication that demand is picking up. However, the downturn in stocks is perhaps more closely related to the mood shift among commodity investors, who are less optimistic about the longer-term oil markets than they were last spring. This turnaround – from building inventories to reducing them – will increase pressure on crude prices as producers...

As reported October 8 on searchstorage.com (an online storage-specific information resource for IT professionals), IBM has just launched 2 new data storage product packages intended to simplify deployments for customers interested in installing private storage clouds and consolidating data archiving infrastructures. This launch happened at the IBM Information Infrastructure Analyst Summit held yesterday. During the meeting of industry analysts and press, IBM also laid out a new strategy for packaging stacks of products according to applications...

According to State Agriculture Secretary Rod Nilsestuen, as reported in October 7’s Wisconsin Ag Connection (www.wisconsinagconnection.com), which is one of the United State’s largest online agricultural news networks, close to one-half of all of Wisconsin’s dairy producers use storage and liquid manure spreading systems to efficiently manage their manure. Both Wisconsin’s agriculture and natural resource officials are recommending these dairy farmers take preventative manure handling measures “sooner rather...

As reported in the October 6 edition of the Boulder County Business Report (bcbr.com), Lone Tree-based SecurCare Self Storage just acquired five Boulder properties with close to 250,000 square feet of self-storage space, for $26 million. SecurCare Self Storage purchased the facilities at 4545 and 4667 Broadway, 5815 and 6338 Arapahoe Road, and 6405 Odell Place from Pennsylvania-based U-Store-It (NYSE: YSI), according to Boulder County public records. These properties were purchased by SecurCare through the HVP Storage II LLC name, funded...

As reported on Bloomberg.com on October 6, the Energy Information Administration (EIA) will issue a series of reports on the effects of the financial markets on energy prices, according to Richard Newell, the EIA’s director. The date for the issuance of these reports has yet to be determined. Beyond assessing the impact of financial markets on energy prices alone, these reports will examine energy prices comprehensively, factoring in variables such as storage capacity, physical inventories and geopolitical factors. Created by the...

According to an October 5 posting on business website briefing.com (an internet provider of live market analysis for U.S. Stock, Bond, and world FX market participants), Sovran Self Storage (SSS) announced updated financial guidance for FY09 resulting from its recent common stock public offering. SSS reaffirmed its FY09 FFO’s of $2.69-2.74, excluding $0.34 in charges and a dilutive impact of $0.02-0.03, versus $2.68 consensus. SSS sees Q4 FFO’s of $0.63-0.65, excluding $0.34 in charges and a dilutive impact of $0.02-0.03,...

According to TheState.com, Michigan State University’s Department of Entomology will be welcoming its collection of 1.5 million insect specimens, which began nearly one and a half centuries ago, to a new abode, with help from a federal stimulus grant that is underwriting the updated facility, as well as an upgraded online specimen database. In July of this year, MSU’s Department of Entomology was advised that a grant in the amount of $187,632 from the National Science Foundation (NSF), had been made for capital improvements...

According to self-storage operator Equity Based Services, the recession is good for business.     Equity Based Services, Inc. (EBS) (www.ebscorp.com) is based in San Diego, California, and specializes in self storage property.   It is one of the largest privately held owner/operators in the country (although significantly smaller than larger, publicly-held companies like Extra Space Storage (NYSE: EXR) and Sovern Self Storage (EXR: SSS) in terms of total properties under management.) With a current portfolio of 63...