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NEWS
By Bill Kisliuk, bill.kisliuk@latimes.com | November 6, 2010
Business picked up for Glendale-based Public Storage Inc. in the third quarter, and the company is looking to buy more properties to add to the 2,000 self-storage locations it operates in the United States, according to an announcement on Friday. The company, the largest self-storage firm in the world, increased profit and revenue compared with the same period last year, and saw the number of tenants at its units grow by a total of 15,000. President and Chief Executive Ronald Havner Jr. said that Public Storage will continue to offer special $1-a-month move-in deals to new customers, but that if trends continue it will restore normal pricing by the middle of 2011.
NEWS
By Tim Traeger, tim.traeger@latimes.com | December 31, 2013
Public Storage is giving new meaning to the word “collaboration” with its 2014 entry into the 125th Tournament of Roses Parade in Pasadena this Wednesday. The Glendale-based company invited employees from 33 regional centers across the country to help decorate a part of its inaugural float, titled “Adventures in Space” and featuring a “secret message” from the “mother ship” that will be spelled out in an alien alphabet. Each center was sent a letter that is part of the message, and workers decorated each one in yellow straw flowers.
NEWS
By Brittany Levine, brittany.levine@latimes.com | December 11, 2013
The City Council postponed consideration of a four-story Public Storage facility until next week, awaiting a report on how the 174,266-square-foot facility would impact an adjacent business that relies on the sun. City officials described the proposed development at 5500 San Fernando Road as an enhancement to an otherwise undesirable area along the city's edge. Rather than a traditional stucco, boxy look, the project is set to include multiple colors and areas of clear and opaque glass on an undeveloped, 1.39-acre site, according to a city report.
NEWS
January 20, 2000
Robert Shaffer GLENDALE -- Residents of Glassell Park are appealing to the city of Los Angeles to force a Glendale company to tear down a building they say is destroying their view of the local hillsides. Residents of the community southeast of Forest Lawn Memorial-Park are appealing to the city's mayor-appointed board of building & safety commissioners to reconsider the permits allowing Public Storage, Inc. to keep the building erect. Public Storage, a Glendale-based company that runs more than 1,300 storage facilities in 37 states, is owned by Irshad Ul-Haque, president elect of the Glendale Chamber of Commerce.
NEWS
By: | September 12, 2005
Public Storage Inc. pursues merger Glendale-based Public Storage Inc. filed additional paperwork this week with the Securities and Exchange Commission in connection with its proposal to acquire Shurgard Storage Centers Inc. The materials, designed to show the value of the merger to Shurgard shareholders, are available on Public Storage's website at www.publicstorage.com under Corporate Information and at the SEC's website at http://www.sec.gov. Public Storage announced a proposal to merge with Shurgard in August, but Shurgard rejected the offer, in which Shurgard stock would be exchanged for 0.8 shares of Public Storage stocks.
BUSINESS
September 1, 2008
Public Storage stock price on the rise Analysts are reporting a strong week for Glendale-based Public Storage, whose stock finished up 0.15% this week despite a 0.72% drop this week in the Dow Jones Industrial Average, which finished at $11,543. Public Storage, PSA, finished at $88.32 Friday, reaching a high for the week of $89.48 late Thursday. PSA fell sharply, 3.35%, early Tuesday before picking up steam after analysts listed the stock among a list of companies with strong future earning potential.
NEWS
August 1, 2005
Nestle and O'Neal team up for camp Teens from around the country took on NBA superstar Shaquille O'Neal Saturday at the seventh annual Nestle Crunch Hotshots Camp. Shaq and Miami Heat teammate Dwayne Wade were at the camp to help battle the winners of Nestle Crunch Hot Shot 2005 Winners. The 12 winners flew to the basketball camp in Miami. Public Storage announces results Public Storage Inc. on Friday announced operating results for the quarter ending June 30. Net income for the period was $108 million compared to $92 million for the same period in 2004, representing an increase of 17.2% The increase was primarily due to improved operations from self-storage facilities and improved tenant operations.
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NEWS
By Brittany Levine, brittany.levine@latimes.com | January 23, 2014
A four-story Public Storage facility has been approved for a corner considered a city gateway, despite opposition from some City Council members who said the development wasn't the right fit for the entryway to Glendale's Creative Corridor. In addition, the owner of a nearby business who said the proposed building would block the sun, and negatively impact his fireproofing business, reversed his stance and publicly supported the project. Councilwoman Laura Friedman, who voted for the 174,266-square-foot facility, said although she'd prefer a more artistic use, the site at 5500 San Fernando Road has sat vacant for too long due to unattractive conditions, including a nearby railroad.
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NEWS
By Tim Traeger, tim.traeger@latimes.com | December 31, 2013
Public Storage is giving new meaning to the word “collaboration” with its 2014 entry into the 125th Tournament of Roses Parade in Pasadena this Wednesday. The Glendale-based company invited employees from 33 regional centers across the country to help decorate a part of its inaugural float, titled “Adventures in Space” and featuring a “secret message” from the “mother ship” that will be spelled out in an alien alphabet. Each center was sent a letter that is part of the message, and workers decorated each one in yellow straw flowers.
NEWS
By Brittany Levine, brittany.levine@latimes.com | December 11, 2013
The City Council postponed consideration of a four-story Public Storage facility until next week, awaiting a report on how the 174,266-square-foot facility would impact an adjacent business that relies on the sun. City officials described the proposed development at 5500 San Fernando Road as an enhancement to an otherwise undesirable area along the city's edge. Rather than a traditional stucco, boxy look, the project is set to include multiple colors and areas of clear and opaque glass on an undeveloped, 1.39-acre site, according to a city report.
NEWS
By Bill Kisliuk, bill.kisliuk@latimes.com | February 28, 2011
More people are stashing furniture and files in rented storage units, boosting the fortunes of Glendale-based Public Storage Inc. Corporate officials reported Monday that business is picking up in nearly all U.S. markets, including Southern California, and that they plan to raise rates among existing customers this year as demand rebounds. The company, which steadily acquired properties in 2010, also plans to buy struggling rivals as slumping real estate prices drive a “forced acquisition pipeline our way,” Chief Executive Ronald Havner Jr. said.
NEWS
By Bill Kisliuk, bill.kisliuk@latimes.com | November 6, 2010
Business picked up for Glendale-based Public Storage Inc. in the third quarter, and the company is looking to buy more properties to add to the 2,000 self-storage locations it operates in the United States, according to an announcement on Friday. The company, the largest self-storage firm in the world, increased profit and revenue compared with the same period last year, and saw the number of tenants at its units grow by a total of 15,000. President and Chief Executive Ronald Havner Jr. said that Public Storage will continue to offer special $1-a-month move-in deals to new customers, but that if trends continue it will restore normal pricing by the middle of 2011.
NEWS
August 11, 2010
In an effort to help job seekers and entrepreneurs, Rep. Adam Schiff (D-Burbank) is sponsoring a Small Business Assistance and Career Opportunity Fair today at the Pasadena Convention Center. Representatives from seven local chambers of commerce, the Small Business Administration, the Verdugo Workforce Investment Board and dozens of other government or economic development agencies will be at the event. Morning seminars will include "Business Loans 101," "How Businesses Can Survive and Thrive in Tough Economic Times" and "How to Get a Job with the Federal Government.
BUSINESS
October 20, 2008
Stock market hits local companies A roller coaster week on Wall Street, in which the Dow Jones Industrial Average set records for biggest single-day gains and losses, hit publicly traded companies based in Glendale that were unable to escape the financial turmoil. Public Storage, the Western Avenue company that provides personal cargo space, has been a traditional pillar of strength through some of the darkest moments during the fiscal decline. But its price dropped more than 9% this week to finish at $77.07 per share.
NEWS
By Jeremy Oberstein | October 7, 2008
GLENDALE — The stock market plunged to its lowest point in four years Monday as global concerns about a worsening credit market precipitated a massive sell-off that afflicted local corporations unable to avoid the collapse. Economists said the morbid reality of bank collapses that has recently become commonplace in this country has now hit European financial institutions as bank-to-bank lending becomes tighter during the global fiscal meltdown. “That’s a symptom of banks’ lack of trust in one another and then the hoarding of cash,” said economist Edward Leamer, a professor at the UCLA Anderson School of Management.
NEWS
By Jeremy Oberstein | September 30, 2008
GLENDALE — The U.S. House of Representatives delivered a rebuke to President George W. Bush on Monday in rejecting a $700 billion proposal to bail out struggling financial firms as a historic stock market collapse sent shock waves from Wall Street to Glendale. The 228-205 vote on the Bush-backed bill included nays from Democratic Reps. Adam Schiff and Brad Sherman and a yes vote from Republican Rep. David Dreier. “There was a great difference of opinion about the best way to deal with this,” Schiff said.
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