The San Francisco call., 1905-01-09
YEAR BREAKS
ALL RECORDS
More New Buildings Erected
in Oakland in 1904 Than
in Any Previous Year
NEWCOMERS ARE BUYING
Large Real Estate Deal Made
and Improvements Under
Way at Point Richmond
NEWCOMERS ARE BUYING
Oakland Office San Francisco Call.
1915 BROADWAY. Jan. 8.

1915 Broadway, Jan. 8.
Nearly 1000 new buildings, aggre-
eating in value more than $4,0Oo,OO0.
have been erected in Oakland during
1904. OF these, real estate dealers say
that fully one-third have been built
by newcomers to the city. More than
s1,000,O00 has been invested in new
buildings at the University of Califor-
tions throughout the county, will
bring the total cost of new buildings
erected In Alameda County during
1904 close to $6,000.000.
This record eclipses that Of any year
in the history of the city by many
thousands of dollars, and the present
outlook indicates that the opening
year will be fully as good as that just
closed. if not better.
Councilman w. ]. Baccus. who is
president of the local Bricklayers'
Union, is engaged in the preparation
of the new building ordinance. In
this work he has carefully estimated
the amount of building work done in
the last year. He estimates the cost
of new structures at S4,000,000. Other
men who have been interested In the
subject place the amount at nearly
$5.000,000.
SALES TO NEWCOMERS.
Local real estate dealers report
that the market has not yet resumed
it's .wonted activity, but as a quiet sea-
son was anticipated after the holidays,
this has not aroused any surprise. The
principal business done during the
opening week has been in small resi-
to- ~..s& l.
sales of the week having been made
to recent arrivals from the East and
from other parts of the State. Sew
eral real estate men report that since
the beginning of the year they have
received many inquiries as to the
prices of property in Oakland, and
dealers generally are satisfied that
1906 will be the banner year for this
city.
A. J. Snyder recently removed his
Office from Ninth street to the build
ing formerly occupied by the Contra
Costa Water Company. Mr.. Snyder
is we'll satisfied with the present con-
dition of the market and expects a
busy year. He says:
Indications during the last month, culminat-
ing in this weeks inquiries. show that the de-
mand for investment properties is the in
crease. In advance it is safe to predict that
there will be a larger percentage OF increase
than during the last This population must
have homes and as result even the most
Oakland has outdone any previous year.
George H Lee, who has been asso-
ciated with Henry z. Jones buying
tracts of land and laying them out into
suburban settlements, has just con-
cluded the purchase of eighty-three
acres close to the new boulevard, on
the south line and fronting on the east
line of the High street driveway 1000
feet. 1t is now being put in shape for
sale. 1t is within the scent fare of two
electric car lines. Those knowing the
section and its present advantages are
congratulating Mr.. Lee in securing
such a choice piece of land.
The West Berkeley Improvement Club
has elected the following officers: Pres
ident, Nels Olsen; vice president,
George Grimshaw; secretary, Fred
Hearst; sergeant-at-arm F. Lane.
AT POINT RICHMOND.
POINT RICHMOND, Jan. s.-One Of
the most important real estate deals of
the new year was the purchase of
twelve acres Of land, part of the Lu-
cas- ranch, which is situated on the
main line of the Santa Fe Railroad. The
purchasers of the tract are ]. B. Har-
ris and D. L. Isgrigg of Berkeley, and
the price paid was $4,000 1t is under
stood that the tract will at once be sub
divided into residence lots and placed
on the market.
George c. Henley has just purchased
the real estate and insurance business
of H. A. Johnson. Mr.. Henley now has
the largest real estate business in Point
Richmond. His offices are located on
Macdonald avenue.
The grading on the line of the East
Shore and Suburban Railroad is now
completed and the work of laying the
track is progressing rapidly. 1t is ex-
pected that the road will be In opera
ton by the middle of February. The
road will connect with the lines Of the
Oakland Traction Company.