Independent Press-Telegram from Long Beach, California on January 4, 1959 · Page 91
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Independent Press-Telegram from Long Beach, California · Page 91

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Long Beach, California
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Sunday, January 4, 1959
Page:
Page 91
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Building $250,000 Luxury Apartments in West Side Construction of a deluxe 28 unit rental apartment building at the southeast corner of Adriatic Ave. and West Willow St., is well under way, the Big K Construction Corp., announced Saturday. The ?250,000 structure was termed the first major deluxe apartment built on the West depth from 3Vi to 9 feet. There Side. It will be known as the Adriatic - Willow Apartments and rentals will be available in early summer. Edward M. Kirk, president of the Big K, a local company, said all units will be Edison Co., Medallion type with electric ranges, electric refrigerators installed'in eacli apart- ment and they will be heated by electricity with electric- heated hot water tanks. Every room will be carpeted. * » * * A FEATURE will be an enclosed play yard for children and there will be a 20 by 40 swimming pool ranging will be a separate parking area for cars of the tenants. The property has a frontage of ]00 feet on Willow St. and a 50-foot frontage on Santa Fe Ave. N, H. Stearns, realtor, who represented- both the buyers and seller in the property transaction, said Kirk had found U. S. Has More TVs, Radios Than People WASHINGTON (UPD--The nation now has more broadcast receivers in radio and TV sets than it has people, the Federal Communications Commi s s i o n (FCC) reported. In a year-end report, the FCC said there are now 150 million radio and 50 million TV receivers. The FCC also reported that the number of telephones in the nation is approaching 70 million and that 250 million calls are made daily over them. The report said at the end of the year it had made 2,100,000 authorizations in the radio field alone. Its radio permits and licenses increased in 1958 by about 200,000. It reported that more than 90 per cent of the nation's population is now within range of at least one operating TV station and that 75 per cent or more is in the service area of two or more stations. About 85 per cent of all homes now have one or more TV receivers, and the United States is the only nation receiving regular TV color programs. «M?IUSINESS DEPARTMENT the West Side lacking in high- class living accommodations. "Finding a suitable rental in the area has, for some time, been a virtual impossibility," he declared. * * · * ·THOUSANDS OF employes in the'refineries, shipyards and Navy Base, adjacent to the West Side, have been travel- ling many extra miles to have suitable living quarters. "Financing of the project found a ready recaption from lending agencies because of the lack of such accommodations in the area." The Big K Corp., is a closed corporation consisting of Edward M. Kirk as president, his parents, Vivian B. Kirk and Aaron T. Kirk, and a brother, Harold V. K'rk. Th?y hold licenses for all phases of construction work, Stearns explained, and Vivian Kirk is a licensed rffal estate broker. Independent" -R-l L. B. Realty Head Sees Good Market for Homes Increased numbers of Longlsiders the most basic factor LOHO IEA04 13, C»U»., SUNDAY, JAN. 4, 19S« Stearns represent the corporation as leasing agent of the rental units, he said. Build New Bowling Center for N. L B. Construction is under wayjter Wiley is the building con- on a 20-lane bowling parlor at'tractor and Eugene R. Kirk- Orange Ave. and Artesia St.,|patrick is legal counsel and Francis R. Crawford, secretarj of the owners, the Crown Bowling Inc., announced Saturday. Crawford is a former city councilman and North Long Beach businessman. A modernistic design for the building has been provided by the architectural and engineering firm of Adams, Morgan, Latham, Kripp Wright. Ches- NEW BOWLING CENTER Here is an architect's rendering of Crown Bowl, a 20-lane center, to be erected at Orange Ave. and Artesia St. Ground was broken to start construction Dec. 29. · for those accustomed to the finest Featuring the ultimate in electric living Production of Fords Hiked NEW YORK Wl --J. O. Wright, general manager of the Ford division of Ford Motor Co., says Ford car sales in 1959 will top 1958 by 200,000 to 400,000 units. In 1958 Slightly more than one million Fords were sold. Wright said Ford had upped Fanuary production schedules 5 per cent from the previous schedule. building representative. THE 20 I.AXES be Brunswick automatics with underground returns and straight ball racks. Air conditioning will be provided the entire structure and luxurious f u r n i s h i n g s are planned, said Crawford. There will be a coffee shop, cocktail lounge, billiard room and playroom with an attendant will be operated to care foi children while parents bowl. Ground was broken Dec. 29 by Vice Mayor Virgil Spongberg. It is planned to have the parlor, to be known as Crown Bowl, in operation in ample time for the fall leagues. Parking will be provided for approximately 200 cars. C. Wesley Belt is president of Crown Bowl and E. O. King is treasurer. Beach citizens will be shoppingj for homes in 1959 in a market that will offer them an ample array of various styles, sizes, and prices from which to make their choices, James Odegard, president of the Long Beach Board of Realtors, predicts. Odegard made these forecasts on the basis of reports from the recent San Francisco convention of the National Assii. of Real Estate Boards, analysis of surveys of national economic prospects for the coming year, and the appraisal of Long Beach Realtors of possible future local trends. "At our national convention some of the leading economists of the country joined with Realtors in an effort to make the most realistic assessment possible of the shape of the economy in the coming year with particular attention to the real estate segment," Odegard said. in the brisk real estate market he foresees for 1939 "the return of the buying psychology" with respect to homes. 'There is," he said, "a marked growth in consumer optimism and confidence. Most people feel that this is a good time to buy houses." ' "A SUMMARY of the discussions indicates the return of vigor to the economy as whole with increases expected 1 0 ^IJ-. in employment, consumer m-jlvGClIVy come, and savings. Within this n v B f r a m ework, the construction segment of the real estate industry is expected to either maintain the 1958 level of housing starts--around 1,160,000--or increase it by 10 per cent." In addition to t h e s e new homes that will be coming on the market in 1959, Odegard declared that there may be more than the usual number of good quality existing homes available for purchase in the coming years. "ALMOST ~0 PER CENT of the homes purchased each year are existing dwellings--a fact that indicates the importance of older houses in the market, 1 he pointed out. "This figure may be even-greater this year because we know that people are continuing to seek homes that are better suited to their g leeds and pocketbooks than (, those they now own. 1 ' MERLE DUliAV New Program Chiiirnma Legislators 1 fay Average $9,690 Year SACRAMENTO /ri_Califor. nia's legislators collected 52,325,607 in salaries and expenses during the past two years, the controller's office reported. That averages ?9.690 a year for each of the 120 lawmakers who earn a 56,000 annual salary. The other $3.690 comes from the $18 a day living allowance given each legislator during sessions, the 15 cents a mile allowed for travel and the ?20 a day expenses on legislative business between sessions. * « * * THREE LAWMAKERS received more than $24,000 during the 1957-58 period; seven less Jim Odegard, president of tile Long Beach Board of Realtors announced that Merle Dubay is 1959 program chairman. Dubay was born in Minneapolis, came to California in 1928, was in the Army during World War II and has been a member of the Long Bench board two years. His office is a- 535 E. Third. Dubay is very active in the board and also in civic affairs. He is chairman of the Multiple Sclerosis Drive for 1959. Dubay named Hazel ' Merriam as program chairman for January. State Road Cost SACRAMENTO ( U P D -Street and road expenditures jy California cities and counties amounted to ?289,856 : 360 than $16,000. Topping all legislators was Assemblyman Francis C. Lindsay (R-Loomis) with $24,931. lie was followed by two fellow assemblymen, Lloyd W. Lowrey (D-Rumsey), $24,625; and Jack Schrade (R-E1 Cajon), $24,580. Among the 40 senators, Edwin J. Regan (D-Weaverville) was high at $22.449, followed by John W. Beard (D-E1 Cen* tro), $22,291. Assemblyman Frank G. Bonelli (D-H u n t i n g t o n Park) showed the lowest total of all full-time legislators, $12,467» followed by Sen. Jess R. Dorsey (R-Bakersfield), 512,489. s Increased state controller Robert C. Kirkwood announced. Kirkwood said this was an increase of 21 per cent above thp nrevious fiscal vear. 200 Custom Homes $28,770 '49,500 NO DOWN PAYMENT! NO PAYMENT ON PRINCIPAL! Live forever in ·euei. PAY INTEREST AND TAXES ONLY! in cool, smog-free Long Beach MARINA TOWER a deluxe ocean-front cooperative, unmatched for excellence of location ...beauty of design...quality of construction 44 Large Residences, 2 bedrooms (and convertible den), 2 baths. Total area: 2172 to 3232 square feet, including private patio-terrace. The Marina Tower is a cooperative residential development, designed to meet the requirements of those \vho desire the very finest in modern luxury living. The Marina Tower combines the advantages of an exclusive resort hotel, with the benefits of ownership in one of Southern California's choice properties. It will be owned and controlled by its residents. Perfect Location: at the rdgc of the blue Parific...minutes from the docks of the new Marina...quickly accessible via freeway from the principal business and industrial centers of Southern California. DISPLAY RESIDENCE NOW OPEN AT THE MARINA TOWER SITE 3055 E. Ocean Blvd. (at Paloma), between Downtown Long Beach and Belmont Shore. Open 1 toSp.m. DECORATED BY FRANK BROS. ·1 DEVELOPERS OF THE MARINA TOWER THE ARCHITECTURAL FIRM: KiNinQSwcrth-Brady-Smith, nationally-known winners ol3 A.I.A.Hcnor Aftardjfcre»ceN Lo^Q Beach Public Safe!/ Building (in association), tht Lafayette Lann. the Hilton inn (San Antonio. Te»as) and THE BUILDERS: Millie and Severn. Inc., build.ng ten- THE SALES AGENTS: Mocre Rcaliv. lon(j-es!ab!ishtd Lcnfl Eeach fpfll pstate nr.d property rr.anacernent I.rni. and salei agents for the Royal Palmi and other cooperate Ce*e!cp- rr.enls in Ihe Southern California area. MOORE REALTY 363 East 1 st Street. Long Beach, California Please send The Marina Tower Illustrated brochure. Narnc_ Address- City THE MARINA TOWER SALES OFFICE: 363 East First Street, Long Beach · Telephone: HEmlock 5-1126 \ Be sure to visit the new $300,000 recreation center. 3 swimming pools tennis courts badminton courts complete teenage center ?'··'. i The Bellehurst "Trust Plan" is now available on over 150 custom homes and offers excellent opportunities for both better living and investment purposes. You need NO DOWN PAYMENT . . . no monthly payments on the principal . . . you pay only interest and tsxes each month . . . nothing more. Many homes are landscaped, carpeted and draped . , . ready for immediate occupancy. Inspect Bellehurst today and get complete details on the fabu lous "Trust Plan" . . . it's the key to true country club living at minimum cost . . . and can mean tremendous financial gains for you. YOU NEED.NEVER MAKE A PAYMENT ON THE PRINCIPAL! Fantastic, but true. You need never pay one single penny on the principal. For'complete details visit Bellehurst today ... or call Bellehurst Trust Division . . . LAwrence 2-1179 . . . Buena Park. eiienar, offering the way of life your family deserves. One mile north of Santa Ana Freeway on Highway 39 ... LAwrence 2-1179 ... Buena Park t

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