Skip to main content
The largest online newspaper archive
A Publisher Extra® Newspaper

The Los Angeles Times from Los Angeles, California • 121

Location:
Los Angeles, California
Issue Date:
Page:
121
Extracted Article Text (OCR)

VrV Wlr lotfflnsflftf Cimttf 9 Garden Grove Authorizes 541 Homes in Three Tracts I Huge Building Boom Seen for Next Decade GARDEN GROVE, Councilmen also author- ft Property Rezoned LA HABRA. Aug. 13 Councilmen have approved C-2, commercial, ana R-4. 15 Councilmen have ap-teed immediate start of con-proved tentative maps forjstruction on 38 homes on I 1 three more tracts covering acres located in a triangular) multiple dwelling, zoned for 115 acres and providing lots parccl at Lampson Ave. antiWopertv at the southweft for 541 new dwellings.

the Pacific Ktcctric Railwaycotnor of Central Ave. and The lareest nronoscd de-rigtu or way. lMah St. Construction during the next 10 years in this country velopment is one planned by Laramore Constmction Co I 5 i 13 esumaiea at wen over twice the total national debt for 207 homes on CO acres on "at the present time, or a the north side of Chapman total of $600 billion exclu-j west of Knott St on the city's West Side. I RISING Pictured here is 36-unit opartment being built ct 602 Fairview Ave.

in Arcadia, Builder "and developer of the project, which will cost $450,000, Warmington Co. plans a is Phil Bums. Architects are Reisbord Posner. Facilities will include two court oreas, individual patios and balconies, air-conditioning and pool. 190-home development on 45 acres north of Westminster Ave, and west of Brookhurst St lIng electronicsT AuLVERcin.usEw l'JZ AIR CONDITIONING jJ Property Deals School Site OKd by Stanton Board The third tract will have sive of the land, operating equipment and other serv- ices essential to this activity, according to a projection in the current Quarterly Economic Report of the Mort- Bankers Assn.

of America. Against this huge demand the country is faced with a shortage of savings to finance it, the report adds. The projection was made Safeway to Open New Store in Baldwin Hills Center 54 homes on 11 acres on the muth side of Chapman Ave. STANTON Aug. 15 between Aster and Lewis City Planning Commission Top $4 Million A new Safeway store In Sts.

It will be developed by the Reynolds-Movius Co. has approved a site for an Store and a Clark's Drug Store. Ample parking will be elementary school on West-' Sale of property at the provided adjacent to the Baldwin Hills Shopping Center will be located at La Brea and Rodeo according to William E. Vollmer, em Ave. between Cerritos Apartments Approved market.

northeast corner of La Brea in connection with an analy Completion of this store Ave. and Beverly Blvd. tops Los Angeles division proper LA HABRA. Aug. 15 -Plans have been approved for two four-unit apartments Ave.

and the Southern Pa-j cific tracks. The application was made by the Savanna; School District. list of transactions com will raise the total number of Safeway stores in the Los ty manager for bafeway. ALLEN REFRIGERATION SERVICE, 937 pleted in the last 60 days by the real estate firm of How-I Cost of the at 301 Ocean Ave. Angeles area to over 200.

W. FOOTHILL. MONROVIA i- structure, including equip ard G. Thompson bringing the total sales volume of ment and furnishings, is estimated at $190,000. corner business properties since the first of the year to The steel-framed building will incorporate air condi more than $4 million.

Sound ciririee for The corner property has tioning, automatic entrances and advanced lighting been recently improved with a service station and leased throughout. Baldwin Hills Shopping to Texaco for 15 years. Sale price was in excess of Center will also include a 000. beller was Ernest A. Newberry's Department Schroer and buyer was J.

Maguire. ncconir.iEriD title lusunAncc sis of the presently rising interest rates and availability of money to finance all the demands at the present time. At the moment, the present high interest rates give every indication of going still higher before they reach a level of stability. High Rates "On the basis of the outlook for the demand and supply of funds, the evi-; dence points at least to the maintenance of what we have come to consider high interest rates," says the report. Actually, says the report, the present high interest rates aren't high at all when viewed in historical "From a long-term view, interest rates are not inor-: dinately high.

If they are out of line at all by historical comparisons it is on the low rather than on the high side. At most times prior to the great depression, interest rates were higher than they Also Included New Warehouse, Set for Lawry's Construction on a new Other sales include the southeast corner of Foothill AHD TJ1UGT COr.lPAfSV? vou cct i do! ncrsn'G t7nv. and Pennsylvania St. in La Crescenta fr. to Shell Oil Co.

yy Rose Karp warenouse ana extension and modernization of additional production facilities for food specialty items I I ana Max Weinberg; north west corner of Mulberry and produced by Lawry Foods, Painter Whittier, for was started recently, ac $37,000, sold to Richfield Oil Corp. by Ray Goetzer. Property at the corner ol cording to Richard N. Frank, president. When completed the warehouse will provide more Big Bear Lake Blvd.

and Paine leased to Signal than 20,000 sq. ft. of addi Oil and Gas Co. was sold by Dr. Lem V.

Sweet to Don Schubert for $46,500, south' are now, and they have al- tional space to Lawry's existing warehouse. Lawry's Food, is a direct outgrowth of Lawry's west corner of Western! Ave. and Barton Los the Prime Rib Restaurant Angeles, under long term on La Cienega Blvd. which was opened in 1938 by Law lease to. Texaco, was sold by E.

A. Schroer to Harry. B. Milder for $84,000. rence L.

Frank and Walter Van, de The restau rant was completely re Guest Speaker Named modeled and enlarged last been higher than at present periods when capital has beenv in jjreat demand, such as the 1880s and. the 1920s. It is the low-interest phase from the mid-19303 to 1950 that is unique in interest rate history rather than the present ascent to moderately high levels. Demand for Funds Principal reason, of course, why rates will continue up is the great future demand for funds. i Guest speaker at the meet year.

if ing of the Southwest Branch of the Los Angeles Realty Board will be Harold L. Heilman, assistant chief valuation engineer of Los An $025PerSq. Ft. 5 20,000 J. Ft tr Mori Cleveland Constr.

Co. INDUSTRIAL-COMMERCIAL BUILDERS Complete Service WE. I-565S 0U4-T2H geles County. The meeting will be held in the board au ditorium at 8 p.m. tomorrow.

"A heavy demand for funds over a long future period is assured by the vast 090000 capital investment that will 1 coocooco be required to provide an ad' vancing standard of living for our greatly increased population. More of every type of facility from houses to factories and schools and hos- ACHES m( u. Lillian isiicj pitals will be called for. Individuals, private business and government will, all be heavy users of funds during the years of expansion in the k. decade ahead.

The present comparatively high levels of house building and the now 0 emerging rise in business in vestment are only the faint heraldj of what 1 yet to come. (m Civic Center Site to Be Prepared TlrT.lhaajnrT,brgeta3dt!Jae Saccod, ffa etdJi fjclteaaascd for over C3 ycaa fAiu! Cibd-end his ts Bust Ifflpcstast4t' that has complete land records la every county It ervea. TLIj tncara Coat when T.L toarches a tilla, It's searched thoroughly. And when they fcros you a policy, you can be sure that you have the testpossible tlilc protcctian. like most escrow officers, (his woman backs trp her rccommcndatlojia wllh Bound reasons.

This quality Is Just on of tho things that make escrow officers each a ralraMo and intcsral part of buying and teHIng property. I OFFER 8 invest H0WI MAIL THI COUfOM TODAY NAMI I "ttt tunut IH4 SAN CLEMENTE, Aug. 15 Councilmen have called Title Insurance and Trust Company 433 S. Spring Slnw, In Anptes B4 UMUon 2411 for bids on grading of city-owned property east of High way 101 to prepare the site for the future civic center. Plans already have been With branches, subsidiaries and affiliate companies SO Calfomia counties drawn for the project, but construction of the center has not been set, according oooooooooooooooooooooo to City Manager Dan Evans J.

1 i tl j. y' 1 i-. nfrnn mn3 AS LOW MANY ON BREATHTAKING POOL-SIZE uURvji ixcirr cosr AS TO VETS (MfOUNO NOiJ VETS new sensofonof low fermi foo. nvefgof NOW 3 WAYS TO GO: Convenience value unmatched anyvfherc in fhc Valley! .1 1. North on Laurel Convon mh.

Lnlfanf. saw less than mil from the heart of downtown San Fernando less than I mile from the Golden Slate Freeway route Mussion Plazi 12 acre shopping' center soon under construction right in our own subdivision our own elementary school match these convenient features against my other development and you'll see why LA COIGA HOMES offer the most! unlit It crottt Son fr-nondo Mihioo Blvd. 2. Srpuiveda Blvd. to S.

F. Mission, right to Lourct Conyon, left to tolrt oMite Cr tumishd model. 3. San Fernando Rood lust beyond downtown San Fernanda to Hubbard, then left to model. Dirand ncv 3 and 4-hedrootn, luxury-built, quality homes! Everything's new inside and outside! You'll marvel it the many luxury features offered at CIEuEGA'S modest prices.

SEWCRS ARE IN no septic tanks. See the exquisitely furnished mods! that's the talk of San Fernando Valley, tdarry models, marry interiors, many floor plans to choosi front Up to 1500 squara feat of ires. SIN FEmKDO'S UKCEST, FINEST HESIJEMTIAL CEVELCFUOT Phone: fA1pra 1-9856 A. A At. jsx.

A 0k i A jav Ik. s1 A. A. At 14. 4l 4k.

A---1 A A. A A Jk i A. A A- 4 A A A A A A. A. A.

0-- t.ftj js. ft, jik. jfc yf A ffh.M A.

Get access to Newspapers.com

  • The largest online newspaper archive
  • 300+ newspapers from the 1700's - 2000's
  • Millions of additional pages added every month

Publisher Extra® Newspapers

  • Exclusive licensed content from premium publishers like the The Los Angeles Times
  • Archives through last month
  • Continually updated

About The Los Angeles Times Archive

Pages Available:
7,610,379
Years Available:
0-2024