The San Francisco call., 1904-02-29
REALTY MARKET
IS IMPROVING
Dealers Report Values and
Rents Firm and Business
Better Than Last Year
TOURIST HOTEL NEEDED
Members of Board of Trade
May Erect New Structure
on Shore of Lake Merritt
Oakland Office San Francisco Call,

111s Broadway, Feb. IS.
As spring advances the real estate
market in this city and its suburbs
continues to improve and the local
/ dealers agree that indications point TO
a splendid year for the business inter
! ests of Oakland. Values and rents
were never firner than they are to-
| day and business property in any part
of the city commands a ready sale.
Save for a few vacancies in the new
Bacon building, there is not a desirable
/ store in the city to be had and the
same condition prevails in the resi-
! dence district.
! Dealers in real estate are we'll salts
/ fed with present conditions and pre-
/ dict a first-class market during the
present year. ]. H. Macdonald made
\ the following statement regarding the
/ present position in this city:
Oakland Is in a better condition to-day than
! ever before. due largely to the interest being
realize that this city has more natural aGHah- -
/ tages than any city on the Pacific coast Iney
putting in good word for the city insteau oA
/ a knock as heretofore
J New money is constantly coming IN 1 ahI
I newcomers are seeking investments In real
\ estate. We find the condition OF the local reaI
/ estate market equally as good II not better
/ than at this time last year. The issuance or
] bonds for general public improvements, the
/ general good feeling as to the future OF the
/ CITY and the increase in civic pride among our
/ citizens fnsures a good business future not
/ only for the real estate man, but men in every
/ other line Of business
H. B. Belden, who has just returned
from his winter vacation in the west
| Indies, said:
The inquiry for residence property is good
and indications point to active spring mar
ks1 The abundant rains and the proposed
bond issue have created better feeling.
Fo11C ing
I tated through office.
Cottage and lot on Fifteenth street. near
/ Willow. for Charles Odh TO Louis P conner
/ ford: factory site on the Southern Paclnc track
/ az Emeryville TO the United can company
/ thereon in the fall; cottage and lot on west
! street, near Twenty-eighth, for Z NJ Han Sr-
near Linden. TO Michael Smith lot in the Mer-
[ rflI property Sycamore street near Iei-
/ egraph avenue, for Mrs. j. NJ Merrill; iot on
/ Edwards street, near DWineile, Tor a n
. Walker to James Perkins; cottage and lot on
/ Twelfth street near Adeline. for Martial Da-
| voust TO r C. Boreham; lot Filbert street
| near Myrtle 10 Mrs NJ A Sohnckei mouse
/ for Mrs. Margaret Rand TO Benjamin NJ Howe.
ard house and lot Howe street. near Moss
| avenue for NJ. Knudson 10 Mrs. T. NJ Kama
Bile.
The directors Of the Oakland Board
of Trade are formulating plans for the
! establishment OF a three hundred room
| tourist hotel in this city, which will
cost in the neighborhOod Of S2OO,OOO
They hope to secure a site on the
Adams Point property, or at some
other point on the shores Of Lake Mer-
rfft. 1t is believed by the directors of
the board that the owners of the site
chosen can be induced to take stock
in the hotel in exchange for the sftae
and the balance of the necessary cap
ital would be subscribed by local busi-
ness men. If the present plan is car
ried out the hotel will be leased to
some competent hotel manager. instead
of being run by manager in the en-
ploy of the stockholders Of the hotel
/ company.
The directors of the Board Of Trade
have also appointed a committee or
three to look up q suitable site for
| building for the Board of Trade. 1t is
the intention of the board. provided
site can be secured at a reasonable
figure, to erect a building on the same
/ basis as the Chamber of Commerce
building OF Los Angeles. Many of the
/ members of the local organization that
/ took the recent excursion to Los Ange-
les are strongly in favor Of the project
and are anxious to secure stock in the
] proposed building. The members of
the committee in charge of the project
/ are: J. TyrreI, NJ. J. Keller and Edwin
] Stearnes.
The Oakland Real Estate Association
has finally set the commission for the
collection of rents at 21s per cent, with
a minimum charge Of 81 for each col
lection. George ". Austin has in
| formed the members of the association
/ that it is the intention OF the realty
/ dealers throughout California to organ
| iZe a State Board of Real Estate Deal
ers. The organization is TO be perfect
ed as soon as possible.