At our house, we're big fans of Reisenthel products. The German design company, probably most popular for its market tote, makes great looking and durable housewares. When creating nursery #2, we picked up this fabric magazine organizer (in orange).
The organizer takes up very little wall space and holds baby's favorite bedtime books as well as a few plush friends. The punch of color is great for young ones but not juvenile so we can easily move it to any other part of the house. We picked it up here but you can find it elsewhere.