Los Angeles herald., 1905-12-31
GREAT ACTIVITY
IN REALTY DEALS
OPERATORS PREDICT GREAT
EST YEAR FOR BUSINESS
All Former Records to Be Broken in
19o6-Conditions Ripe for Profit.
able investments in City
and Suburban Property

Those who handle large propositions
III the real estate market say that big
things will be doing early in the month
Of January, and that the coming year
, will be one of the greatest in the line
of activity in real estate in the history
of Los Angeles. Comparatively speak
iEg, the market has been rather quiet
since the first of December, but the
veteran dealers were not disturbed by
the conditions that have prevailed for
the reason that they expected quiet
time during the holiday season They
do not look for any great revival until
about the middle of January.
The optimists assert with great con-
fidence that the coming season will
bring fully twenty inches of rain for
Los Angeles and vicinity, whether Hat
field is engaged to do the wizard act
again or not. Good rains, it is claimed,
are sure to make business active III
real estate, especially in the sale of
ranch property, and small acreage for
garden truck and fruit raising.
The movement started to provide a
handsome boulevard from Los Angeles
to. Pasadena, the Crown of the Valley,
was given good send-off at the
monthly dinner of the local realty
board at the Del Monte tavern, at
which A. E. Pomeroy presided. The
principal address of the occasion was
delivered by w. G. Griffith, secretary
of the Realty Trust company, who rep
resented the views of the chief pro-
moters of the praiseworthy enterprise
and advanced a strong argument in ia
vor OF the proposed improvement, a
wide and smooth boulevard for the
residents of the two big cities This
highway and others projected will con-
meet all the principal cities near the
mountains with the coast resorts and
provide beautiful drives at all seasons
OF the year.
The coming season will show re-
newed activity in improvements and
general development work at Venice
of America. Fhe big hotel, for which
concrete foundations have been pre-
pard, will be erected on the corner Of
Windward avenue and the pleasure
pavilion at the shore end of the pier
is to be rebuilt to conform more close
1y to the style of buildings constructed
by the Abbot Kinney company.
Chief among the important improve
ments that will be commenced during
1906 will be the million-dolla govern
ment building to be erected on the Dow
ney block lot north of Temple street
and between Main and New High
streets. Some months ago the prelim-
mary sketches showing interior ar
rangements were forwarded to Sena-
tor Frank Flint from Washington and
the sketches were submitted to POST
master Flint and to other federal Of
ncials for suggestions. The plans pro-
vide for a siX-story steel structure. The
original appropriation for the building
was $S5O,OOO, but AN effort is being made
to. increase the amount. 1t is probable
that the improvements will be rushed,
as the postoffice and other government
business in Los Angeles is greatly han
Gicapped ON account of lack of proper
facilities for the prompt handling of
the affairs OF the different departments
of the public service. The plans as out
lined for the new structure set apart
the two lower floors for the postofiice,
the lower floor for the public and the
second floor for the executive offices.
The third floor will be used for the
federal courts and the chambers of
the Judges The fourth and fifth floors
will be taken up by the offices of the
United States marshal. United States
district attorney United States COM
missioner clerks, grand jury and other
Offices. On the top floor will be located
the United States land Office, the geo.
logical survey, United States receiver
and collector, forestry department and
other general offices
With the close of the present year
there Is every evidence that the Sec
ton northwest of the city. especially
that section north of Wiltshire boule-
ward through to Hollywood along West
ern avenue is to be the center OF great
realty activity during the spring
months Nowhere about Los Angeles is
there such an amount of Improvement
planned In the way OF extensive sub
division of fine residence property as in
the district mentioned. Almost all Of