The San Francisco call., 1899-04-07
Business Properties
Have the Call.
THREE BIG SALES RECORDED
SOUTH OF MARKET BUSINESS
LOTS HELD AT HIGH FIGURES.
De Young, sloss and Rudolph
Spreckels Have All Bought and
Will Erect Modern Build
ings Shortly.

Trade, apparent and prospective, with
the Philippines and other of San Fran
cisco's trans Pacific neighbors is already
registering its volume and effect in the
big real estate agencies about town The
past fortnight has seen a radical change
in the feeling OF local investors and has
marked the rehabilitation in the values
Of business property. A number of big
sales have already been recorded on the
week S tally sheet and more are in ne
gotiation, with every promise of culmi-
nation before balances are struck on Sat
urday night
Although residence properties have not
been weak on the market, business prop
erty has had first choice, and this week
the standard has been fixed at ffty-vara
lots at a hundred thousand apiece, with
more buyers offering for properties that
have not yet been thrown on the market.
The wholesale district has been the
scene OF greatest action, and II indications
count for anything, south Of Market
streets day Of prosperity as a commercial
district has daWned. The two heaviest
sales recorded have been Of properties in
that section and in line of traffic that will
ensue when the Santa Fe has established
its Western terminus at the foot of Spear
street.
NJ H. de Young has become the owner
Of a fifty-vara lot at the northeast corner
of Spear and Mission streets, which was
formerly the property of the estate Of
Elizabeth knight, deceased. The price
given out is S1O1 900, and a competent au-
thOTity in the real estate world says 1t
is the intention of Mr.. de Young to erect
a substantial six-story building upon the
lot as soon as he can return from the
East and get his plans drawn. 1t is
known that up TO the time he left on his
latest Eastern trip Mr.. de Young had had
no offers from prospective tenants, but 1t
is known, too, that the Schmidt Label
Company is looking for more commo-
dious and modern building, and that the
Baker & Hamilton people have been cast
ing about for q more favorable location
in the line Of future trade, and wise ones
on the street are predicting that Mr.. de
Young will be prevailed upon to build to
suit the needs Of either one or the other
Of the two big firms.
Market Louis SlCss Jr. was yesterday
ready to pay over cold hundred thou
sand dollars for another 50-vara lot at
the corner Of Fremont and Mission.
The property is at present occupied by
& lumber mill and is owned by the Joshua
Hendy Machine Works and Alfred o.
Larkin. The deeds were all ready yester-
day afternoon, but a defect in one of the
Acknowledgements postponed the signing
OF them TO some time to-day. 1t is said
that Mr.. Sloss contemplates the erec-
tion of a big factory on his new property
but the parties to the transaction refuse
permission 10 publish their future plans
q this date. The negotiations were car
ried through by Bovee, Toy q Sonntag.
Probably the most notable transfer of
the week was effected by Shainwald
Buckbee & Co. in the sale of a piece of
property 74;6x137:6 on the north line of
O'Farren street, above Powell, to Ru-
dOlph Spreckels. The purchase price was
SS5 900 The lot sold begins, at a point 1875
feet west Of Powell. 1t has 74:6-foot
front and an L. 60x60 feet on Elmwood
street, back. Mr.. Spreckels intends to
erect modern stone and steel store and
office building on his property as soon as
his plans and preliminary arrangements
can be made. The lot was purchased
from the Hammersmith estate.
Thomas McGee is just at present nego-
tiating the sale Of the Selby 50-vara lot
at the corner of Main and Mission streets,
but the principals decline to state who
the prospective buyer is or what the
price but they admit that the sale is IN
line with the general movement of the
wholesale district toward the water from.
and south of Market.
A. NJ. speck & Co. have also got in with
the latest furry ana have two Of the big
gest deals of the month going. one com
pretending an expenditure of so COO. the
other $225,0O0 Both sales are in the busi-
ness district and at present promise to
come TO successful issue in the near
future.
IN speaking Of the remarkable recent