The San Francisco Call and Post from San Francisco, California • Page 12

12 JUNE PROMISES INCREASED REAL ESTATE ACTIVITY TRACTS TO 60 Oil! MARKET Home Building to Be an Especial Feature of Next Month After a month of comparative quiet In real estate transactions, San Francisco is looking forward to a busy 30 days during the. month of June. The talk of Japanese war, filling conversational gaps, when there was nothing better to talk about, and the writing of the question mark across certain polit- ical conditions, militated to some extent during May against thr- real estate concerns who deal in San Francisco property. Tt is pretty well understood, however, that, while the total amount of money involved in the real I estate transactions the city during May was somewhat smaller than was expected by the dealers last April, the shortage will be found well made up in the June totals. It is known that several important deals, one involving" the erection of a great apartment house in Jones street, another calling for the construction of a.

12 story hotel on California streethill, and still another important deal in residential property are being merely held in abeyance to materialize early in next month- Smaller transactions which should have been completed in to the amount of virtually-a. million dollars, according fco the estimates of the larger concerns, are practically agreed upon, their closing having been held off by the fictitious conditions whkii Kt'fmpd prevalent in Slay. An interesting development of the next month, one that saw its beginning this week, will be a decided spurt in the home bu'lding end of the city's real estate activities. Ingleside, Forest Hill, the" heights district over beyond the Sunset in all the subdivisions where the tract owners arc promoting hone building; there will be extraordinary activity apparent early in the month. In Ingleside the building of resi- quite pretentious, others more modest, but all beautiful been poing on without interruption Rinee the tract was opened.

The number of contracts to be started in June, however, indicate that more money will be spent in this park during the coming month in the erection of new houses than has been spent before in any two months of the park's history. In Forest Hill building probably will begin late In the month. The restrictions under which the property In this tract has been sold call for no building operations until the first of August. It is intended now, however, to allow the contractors to begin their work at least by the first of July. Already some 30 houses for this district are under contract, and by the end of the month this number may be doubled.

The activities" and the success of the San Francisco home building concerns, and the realty interests who are Belling lots under home building restrictions, are the best indications of the solidarity of the city's realty values, and a sure sign of the confidence the future which will be an inspiration to the capital needed to develop many realty propositions now in embryo. -iil For one thing, the increasing ease with which the San Francisco family with moderate can make rangements to have a beautiful home, built to ite own designs, erected in San Francisco residence parks, is grad- i uaiiy surely stemming the tide of emigration" across the bay. It is gen- i orally believed this year that the nura- of families which have moved irito bungalows and other types of res- idences across the bay at the end of June, will not be much more than half the number which, bought homes on the other side last year. The ferry companies will not be especially pleased at this prediction, but the city will profit greatly if it proves there is every indication that it will be. more than true.

i Two important state transactions completed and announced during the week which will interest the city during the next few months are the opening of the Mallliard ranch of 6,300 acres in Marin county, and the arrangements to market from here something like 5,000 acres of delta lands in San Joaquin county. The Marin county ranch, which is one of the finest holdings in the north bay region, has been sought energetically for many years by San Francisco interests, but the former owners always held tight, refusing every offer and refusing, also, to set a purchase figure. "When the property came into the hands of the Development company it was put on the market, but there has been no sustained campaign in San Francisco. Now the selling contract for this territory has been taken over by a new realty concern, the Realty Sales Agencies, newly incorporated, with Harvey M. Toy as president and John Trewavas as The new corporation will subdivide and sell the property, wiUt San Francisco as its operating base, jj The first subdivision, which will comprise about 500 acres, will be put on the market in 30 days.

Streets are being: cut near the plats which will marketed These tracts will range one-half acre to five acres. The larger tracts will be marketed as income bearing suburban farms. The company planning a great many walnut groves for buyers who wish to engage in nut Every Indication is that the San Gero- nimo valley possesses the right soil and an ideal climate for the growth of this nut. The Realty Sales "lAgencies" executive offices are located at 26 Montgomery street. The delta lands, as those countless islands in San Joaquin county just outside of Stockton are 1 cailed, have long been a source of temptation itor San Francisco operators.

Held closely, however, by their owners, many of whom a.re Los Angeles people, they have been kept off the market. Lately, however, a group of business men and capitalists Hayward organized the Holt Development company with the idea of securing control of large tracts of these rich landa' and putting them the market preparatory to a 1915 demand for small farms. With William Angus of Hayward a.t its I head, the Holt Development company has secured several thousand acres of these lands in thQ vicinity of Holt station, 10 miles from I Stockton, and is preparing now to start a sell- Ing campaign in the near future. This company will, doubtless, maintain its selling organization here, preferring this center to Los Angeles, where heretofore whatever activity in delta lands there has been falwaj'S has been conducted. The which have come under the control of the Hay ward company will be subdivided i into small tracts of 100, 200 and 300 acres and.

sold either on time arrangements or on a crop payment- plan. These lands are among the richest in the-etatejand I their advertisement will undoubtedly bring many prospective buyers to San Pran( U.CO and these will surely either buy in San Joaquin county or 'nearer the bay region. The selling of the Solano farms, the great irrigation project Juet about completed 1 he imposing agricultural building being built for the benefit of the farmers in West NEW STRUCTURES FOR OAKLAND Business District Becomes Center of Interest Planned OAKLAND. May in real i estate activity has again switched, and, following the announcement several big improvements in the future, I has-been centered In the business disj trict. The plans for several large structures in the section north of Four; teenth street in San Pablo avenue.

Telegraph avenue and Broadway have been followed by the announcement of several other important deals in the downtown boundaries, and a wave of activity appears to have touched the i Agitation over the disposali of the property of the First Congregational church at Twelfth and Clay streets has attracted much attention to that section, as the property has been occupied by the church for and has be' come very valuable. The march of business has built up the district about i the church and the site has greatly in! creased in value as the years have gone by. A price of $400,000 was offered for the piece shortly after the fire and refused, and the trustees have been approached many times since then by I dealers who desire the corner. The de- mand for business property has also extended to the Oakland high school, I occupying the block bounded by Eleventh, Twelfth and Grove and Jefferson streets. Some brokers are predicting that the gore, block at" Sixteenth' street, Broadway and Telegraph avenue is bound to become the center of the business district of the city.

Important improvements have been centered here. The new Kahn building was the first improvement to come into the district, and this was. followed by the building of row of I new stores in San Pablo At Sixteenth street ami San Pablo avenue work will be -begun, in August the First Trust and Savings: bank on a $300,000 11 etory office building. Joseph F. Carlston and A.

J. Snyder; picked one of the choicest sites in the city for their imodern flatiron business block at the I gore at Sixteenth and avenue. The 12 story steel and concrete edifice is evidence of I the progressive movement of the city. The old buildings on the site 'are almost demolished and Carlston and Snyder have applications for reservations in the new building. Construction has also started on the; 10 story Thompson building, will be erected rat the northeast corner Seventeenth street and Broadway, opposite the poetofflce.

Another deal in the section the a period of 99 years of the southwest corner of Sixteenth street and Telegraph avenue by E. A. Bushell the Oakland Holding that soon another be: reared on the site. Holders of tract property are jubilant over the market, and state that they have been doing banner I business, for the last piirj months. period has been essentially one of honia and mofll of the homes been" the will begin probably next week.

This 1 company, with A. J. Rich as the selling agent, will jump into the selling: arena with a campaign that promisee to echo clear across the continent. the money, will, for, the most part, change hands in San Francisco, the developments in this project will be watched with interest. Significant of; an enthusiastic spirit in all local realty circles that have to do with outside land £is the i apparent determination here.

center of operations in all eale in the north bay and the Sacramento valley district. There is an apparent Idisposition, upon the part of I southern California money to reach up out of the San Joaquin valley and ij cross the line of the West- Paciilo into the northern counties. With the Solano farms and the delta' lands firmly In hand by Francisco operators, however, theffleld has pre-empted by San Francisco and many other projects are being rumored now with developments promised, for June and July, THE SAN FRANCISCO CALL, SATURDAY, MAY 31, 1913. the more modest sort is. bungalows, story and a half and story homes.

J. Each week's -building report contains scores of these buildings which are An announcement weight to realty activity sis that of the projected erection of a stairless motion picture house at the corner of Seventeenth street and San PabSo avenue by Emit Kehriein Jr. The building to be one of a chain of 4 picture theaters to be erected throughout the state and will cost There will be no stairs, but a system of gTadieht runways for the and protection of the patrons. T.he new Odd Fellows' at and Franklin streets will started July 1, according to a decision of the Hall association of the lodge. Plans have been prepared.

It I will four etories height. The first floor will be devoted: to stores, the second to social halls and halle for the subordinate lodges, the third for grand assembly and banquet rooms wHh a seat- Ing capacity of The lodge rooms will occupy the top floor. In line with the improvements placing the north of Fourteenth street district at the front, comes announce- ment of the the property tat. the -southeast corner of Fifteenth street 7: and Broadway. 't; A number Jof, applications fori.leasing| of the 1: property have been had since the purchase -of the site by W.

V. Witcher several weeks ago. and a deal is expected to be soon. Following the beginning of the razing ot the old frame structures at the Sixteenth street iand'iTelegraphlavenue gore block, a lot immediately north of the site of the Carlston Snyder building in the Telegraph avenue and Broadway gore, has been transferred from Frank Cook to "Joseph a real estate broker. The property, is improved with" a frame building, has a frontage of 35 feet Broadway and the same in Telegraph avenue.

86 feet deep on the northern end and 66 feet on the southern extremity. The sum; in the transfer was $60,000. The owner has t- not yet building plans, although it is expected that a In keeping with the im- I proyementaj at the gorelwillibe The jSuretjf Mortgage and Trust com- i pany has announced that it will build a 12 i story I structure; on the Se veii- 1 teenth street end the gore. VW; 1 A leasing transaction has Just beenclosed whereby the at 534 Fourteenth street, just the corner of Clay, has been turned over by Walter Leimert and Wickham Havens, the own- ers, to the Robinson Fur company, for- merly of San Francisco. According fttb? statistics being gath- ered by F.

Boegle of the manufacturers, committee, there are now 980 manufacturing plants Oakland today, I where I there i were but 222 three ear ago. The figures "evidence of the rapid strides the front this city in I TAMALES TO HAVE GREAT MODERN FACTORY C. H. Workman ompnn.v Flans to Build Immeane Plant to Care for T- Crroiring Trade tr? The and are almost completed i for a three story, $50,000 factory and warehouse building for the manufacture of IL tamales. This building will be of mill con, struction with heavy brick walls and pile, foundations, located on a lot 60x 160 on the north side of Harrison street between Fourth and Fifth, also J4 having a frontage on Clara street.

The "front the 4 building will be finished 6' red brick trimmed with whit-. The aim lof the Workman packing company, is to make this for the canning; of tfigfd the best equipped i and Jiifsp; sanitary -in the west. The estimated capacity new factory will from twenty-five to thirty inillioti pftiis per annum. NORTH CENTRAL CLUB PLANS TO IMPROVE WATER FRONT Two particular projects for the imprdvemont. of the north central section of -San; Franqisco are being advo- I cated; by the North Central ment association, one being the proposed Telegraph Hill tunnel and the other 1 elevated walk along the Emharcadero.

The first is along the line of develop- mont by means of tunnel construction bring all portions ot the city in eloso touch with each other, which tins been taken up in various eections iby a number of improvement clubs. the tunnel project a meet- i jng jot the property owners of Kearny treet will be called soon, and Bion J. Arnold, the street railway expert, is expected to file his recommendations the subject before long. In his report Issued December showing streetcar connectlpns necessary for rapid transit to the exposition is I in. eluded tunnel through Telegraph hill, along the line of Kearny street, METROPOLE HOTEL IS SOLD BY LOCAL FIRM of the largest realty transactions of the week Just closlng'englneered-by a San Francisco i realty firm, 5.

was the sale of a $100,000 property in Oakland. Thia property was the site of the Metropole hotel at Thirteenth and i Jefferson streets, Oakland. The and its ground was bought by Frank W. Bilger and John W. Phillips, the former a member of I the firm Blake and the latter director of the Central National bank of Oakland.

It the intention of the new who purchased i the property from the estate, toTfjnaiee the present hotel buildi at TeSst one story, ing in stores fronting on I both streets.v The present building; will boginning at Paciflc'street and ending at Chestnut. Facilitating the success of isuch; a bore will be the charter amendments just carried. a less extensive nature, and which may be secured with far less effort, but at the same time of great value ag-'an improvement, is the question of an elevated walk on the water front, now being considered by the harbor commission at the request of the North Central association. This promenade will be about 12 feet ir. to present plans, and will be valuable both for the view of the bay thus obtained and for the ea.sy access it will provide to the va- rious iwharves.

Confusion of pedestrians when heavy teams are bringing freight to ships would thus be avoided. Ite service after the construction of built north of Lombard street fs also urged a de- irable reason for its construction. then be remodeled and transformed into modern The Metropole property has 'j interesting history, having changed hands but four titnos since; it was secured by grant from the United Btates to the famous Peralta family. From the Peralta family it was ''transferred to the Bigelow estate, from the Blgelow Interests Ito other owners from whom 1 R. H.

Smilie purchased it to build upon it the Metropole hotel. The hotel building: cost in the $70,000 and was," for a long time, Oakland's principal 'hotel. and improved, it is thought the property will again become i one of the income producing holdings! of the transbay city. The sale was made by the Anchor Realty company of San i Francisco, who represented the Smilie estate. ROAD BUILDING CONTEST PLANNED West Sacramento to Be the Scene of Rivalry Between Construction Gangs The completion of several modern costly improvements the new farms 'district at West Sacramento during the coming week will be the signal for a very auspicious occasion and marks a most advanced step in the development of agricultural and suburban subdivision property in this state.

An agricultural laboratory, built of reinforced; concrete and which will be equipped as well as any university laboratory in the country, is one of the most 1 important of the nearing completion. This building, when finished, will represent an approximate cost of $25,000 and will be used for the purpose of making soil tests: also to furnish the farmers and in the new: district with every asststance in the matter of intensified farm- Ing and scientific' cultivation. Thia service will be free to every property owner In this district." A reinforced concrete pumpingr JK tion is another building that, it is pected, will be completed next week. Housing the two largest centrifugal pumps in the world, together with three 350 horsepower electric motors, this building representa not only a very important unit in this great reolamation project, but it will be the scene of a new activity in modern subirrigation. From this station the waters in the entire: 11,500 acre tract can be controlled.

Should there accumulate too much surface water from a. heavy rain it almost instantly be pumped out. Also the water table underlying the whole is 1 controlled from this station and can be raised or lowered, I necessity demands. A feature that will add interest i events.will be a road build: ing contest. r' More than 20 miles of reinforced con: crete boulevards are being built on the property.

Washington boulevard, the first unit, is beinsr built now. It Is to be eight miles long and 300 feet wide. Two miles have been completed and third mile will be the basis for a contest. Time and efficiency are the only factors that will determine the winners. I Concrete crews, mixers, shovelcra rollers, tractor engines hauling rock; in fact, every kind of building 'outfit will be in They will be divided into The one which: docs and in the least time will be declared the winner.

It is said that under good conditions one of these can build 350 lineal feet of concrete roadway every eight hours. It Js, expected, however, that under the circumstances there will be a new record hung up next week. A number of other improvements are being. rushed along in order to have as many as possible finished at the same time. 1 Much interest'in the occasion is being excited, not only among the workmen, but with outsiders as well, and it is probable a large crowd will visit property each day "to watch the and culmination of the events.

RICHMOND Business Property Is the best investment to found in this a country today. You can 1 get it cheap now In Wall's Harbor Center and on small payment, down and easy monthly payments. Don't wait, for it is going up all the time. The HARBOR SECTION OF RICHMOND IS AT REAL COMMERCIAL i SECTION, WHERE UES WILL BE THE GREATEST OF ALL Study the Map, See Our Subdivision and you will invest with us New Richmond Land Company 1801-803 MOXADNOCK BUILDING" SAX FRANCISCO, CAL. 1 Fill Out and Send I for Free Booklet 1.,..

Richmond I.nnd Co 4 801-03 Monadneek S. F. Please send map and "Text Book Values" to Name Address BY -V 2 A HBSBiMfe'' Bw i nr in -TiTqi IB Hmk flr ft? MbSb it is a place wkere dairy far minor TT WW Fresno Irrigated Farms Co. 508 Kohl San Francisco EXCURSION RATEg; THIS WEEK. Kindly send me our Kermai any.

obligation to me. Sesho irrigated farmsco ,508 KOHL. BLDG. POWELL.