The Los Angeles Times from Los Angeles, California • 102

7. i a i VOL. LXXVI 18 PAGES AY II 01 m7 la rnvkj ALL THE NEWS ALL TH TIM; itdk mI li I .1 i i- i i "li 1 1 i Hrll If i in i ifl Initial Half of 1957 Indicates New Year Peak BY CHARLES C. COHAN Times Real Estate Editor The tremendous volume of construction launched in Southern California in this year's first half came fairly ADDED FACILITY Disclosed in this picture is design of newly completed big ultramodern office ond warehouse structure occupied by the new Los Angeles unit of the Magnaflux nationally known manufacturer of magnetic testing equipment. The building ot 2300 Garfield in Central Manufacturing District, East Los Angeles, is one of nine structures, representing on investment of $4,300,000, on Garfield in the CMD, which were built and are owned by John M.

Stahl, The latest building was constructed by Jack H. MacDonald Inc.r builder also of the other eight structures. Richard Dorman was the architect for the new building. near a total of thereby exceeding the amount for the similar time last year by a considerable margin. Three per cent more would have "brought the total to a billion and a half.

Work Launched i i With the normal of supply and demand unhampered or sidetracked I 1 in the second half of this Hew Industrial Facility in Use on CMD Site year, the total volume of con struction begun in the South- for $13,009100 Project Here Tabic on Pag II, Part VI land in all. of 1957 likely might come close to 3 billion Another notable addition Construction of a dollars and that would be an to the widescope industrial: amazing new Southern Cali fornia all-time record! Remarkable also was the fact that the city of Los An 000 14-story structure, pictured as "one of the world's most luxurious apartment buildings," was launched, in the week just ended, by the Tishman Realty Construction with start of facilities of the L03 Angeles-region was disclosed in innouncement yesterday of location here of a branch of the Magnaflux manu geles with a building permit valuation total of $278,800,079 for the first half of 1957 ex ceeded its permit valuation excavation at 10377 Wilshirefaniount for the like time last year by $40,481,451, a volume the northeast corner of Beverly Glen and Wilshire suggesting the possibility of 500,000,000 or more for all just west of the Los Angeles Country Club in of this year as compared with $484,962,749 for 1956. West Los-Angeles. Here's how the trend of FOR NEW USE This noted downtown' structure that formerly housed Eastern Columbia Department Store at northwest corner of Broadway and 9th St. is to ba converted to complete use as a major office building with display space also for apparel industry.

The investment will top $1,000,000, it was stated. Chotiner Cr Gumbiner are the contractors for project. The design for it is by Kooper Gr.Maybeck Associates. Large Downtown Building's Conversion Plans Described The apartment building, designed by Victor Gruen construction brought the Southland's huge mentioned total for the first six months facturer of magnetic testing1 equipment and described as one of the nation's leaders in euch production. The new facility, in the Central Manufacturing District, East Los Angeles, occupies an ultramodern ware-'i house and office building 2300 Garfield built and owned by John M.

developer and owner of large industrial properties in Cali-i; fornia. One of Nine This new project is one of nine buildings, representing total investment of 000, completed by' Stahl on Associates, Los Angeles ar chitectural firm, will provide of 1957 a total of 112 apartments and Valuation Reports i3 offered on a to-operative ownership basis, it was ex Sixty-nine of the South plained. land's cities issued limit-height building that The suites are slated to be 617 worth of permits in that time, according to reports obtained by this section of The Times frsm official sources. ready for initial occupancy next spring. A project to transform one of the Los Angeles downtown district's best knowrt, largest and architecturally attractive structures into a major office The size and cost of the apartments were disclosed as Permits to amount of formerly housed the big Eastern Columbia Department Store.

Announcement that the plans for the project are under way was made by Julian M. Sieroty, president Turn to Pags 3, Column 1 .305,155 were issued for proj follows announcement of this new major project: building with space for ap ects in the unincorporated areas of nine Southland coun parel industry location has been disclosed in plan3 for complete conversion of the LUXURIOUS Disclosed by this view of the model of the $13,000,000, 14-story cpartment building that is scheduled to rise at the northeast corner of VVilshire ond Beverly Glen are the north facade with main entrance and a portion of the extensive garden that it will face. Structure, described as one of most luxurious apartment buildings, is a project of the Tishman Realty Construction Co. ties, according to compilation "Apartments will consist of four rooms (one bedroom), six rooms (two bedrooms) and eight rooms (three bedrooms) in size, and will be offered for sale at prices aver Ave. in the CMD.

he latest of the nine build-' i by Archi tect Richard L. Dorman and constructed by Jack H. Mac-Donald who also built the other eight struc-i tures. Magnaflux has its headquarters in Chicago. The new building is of re-' inforced tilt-up concrete with tapered steel girders and mill-! by the research department of the Security-First National Bank of Los Angeles.

In addition to all such re- I I 4 type roof construction. 1 he along the street facade. a thin metal canopy. aging $30,000. $55,000 and ports, there was, as custom- front design has unusual sun-Features also include an en- respectively.

The an- arily; a huge amount of other Also told in announcement Turn to Paste 4, Column 5 shade canopies in sculptured try garden court protected by 1 Turn to Page 8, Column 41 Turn to Page 5, Column 1 the preferred homes the preferred address GRANDVIEW PALOS VERDES To Visit Our jfOh yfetv for 5f Sr fy 3 1 4 Iietfrosm, 2 ba'Ji homes if; vff S6i55 Montemalaga Drive, Rolling I IH li' Hils'Calif'FRmtierS0S81 (( if i) hi i BEL AIR and SHERMAN OAKS ESTATES (adjoining MulhoUand) fabulous view hoinesJles with views of city, lake mountains from $3,439 easy terms, as low as 20 down spectacular now Loroei submit down payment or trade, from see new famished iaodcl home "new horizon Louse" decor by fcarry gladstoite, A.I.B. open daily e. sieinkamp, suLdivider 2343 roscomare bel air GHasiite 2-3311 to see property evenings, Cllestview 6-3717 (2 DOORS NORTH OF CALIFORNIA ST.) Own the Best Own a DsnieSI Horns Backed by 43 Years Komi Building Experience 1C0 Financing On Your Let Just follow These 2 Steps: I-SEICCT THE FLOOR PLAN YOU from any of Daniell's many Custom Floor Plans change them if necessary to your exact requirements, and vary the many features and details if you wish then THE EXTERIOR YOU from one of the many personalized exterior elevations available. One will suit your exact tastes. Your floor plan and exterior will then be custom-styled for you, CUSTOM SlRIES PRICES IT $13,100 includes 20x20 garage, 3 bedrooms, 2 baths, 15 ft.

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of end foothill PitJmont Mesi UPLMD HS9 N. Euclid Avenue 15th Street. fUiUtrON-3013 Twi fht Drive, from Fullerto I esf Its Pilmei Dr. to TwiligHt then toutk 3 VI biockt to model. fHONt witfTr fo nit musritArvf iniwriM Voui Sunday Phone STcsmere 5-7811 Visit Model Heme Ife c-Lcvcl IMMEDIATE OCCUPAfJCt CSS I ON lip to 130 ft.

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All improvements, in and paid for, included in the price. Lots from $9850 to $15,000, many with a panoramic view. One family homes, every neighbor a homeowner. Liberal financing available lit I a I "Too lc we ee th reif. tm house suh.

12 T3 5 p.m. Sea cleverly designed "fun crea" without loss of privacy in this delightfglly furnished 4 b.r. model in SOUTH SHORES. it Wsf, tdt AptJrwiffe1 I WW Jtftntte. le CM or, 30,1, fact to BLVD.

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it S.iia Ave, Hlllciest 7-35S3 fit it N'fNf TEUS i.i I cl, cr l.au I i 3 1 S. 55 SAS 6U3IEL 17315 CfOiS.