Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1906-03-11

every hand and in every department
are there signs of activity. Realty
deals where the considerations are
named in FIVE and six figures are OF
daily occurrence. A dozen business
blocks from one to five stories IN
height are in course of construction
and daily permits are issued for from
three to six residences by G. w. Appott'
inspector of buildings.
Probably the most important realty
deal of the week was the one in beacn
property, whereby a syndicate of local
capitalists purchased a large tract
between the Long Beach bath
site. The deal involved $4,000 and
was contaminated through the ofr1ce
of r. H. Young & Co. The plans OF
the syndicate have not been perfected
as vet, but contemplate the constitute
ton of a "City Beautiful" or pleasure
resort on par with the famous sum-
mer cities Of the eastern coast.
The BIxby Hotel
Grade stakes were placed on Thurs-
day for the "Bixby," which is to be
fine Long Beach tourist hotel. The
cost of the building has been roughly
estimated at from 100000 to 100000,
a large amount of this having been
subscribed by local capitalists of linn
tied means who were anxious to see
Long Beach take her place among the
tourist resorts of Southern California.
The 'Bixby' will be a flve-story build
ing equipped to cater to the most eX-
elusive patronage.
Work on the National bank of Long
Beach building on the corner Of First
and Pine is being rushed as fast as
consistent with the best workmanship.
This is a f1ve-story, pressed brlck
building designed by Garrett & Bixby
of Los Angeles and is the first five
story structure to be erected here. The
contractors are Alpeter, Hall e. AL
work has been nearly finished and
work on the interior has already COM
Inenced.
Excavation for Long Beach's sec
ond five-story building was commenced
during the week. This building is to
be occupied by the First National
bank and will be located at First and
Pine on the west side of Pine. None
OF the contracts have been let as yet.
The building as contemplated was de-
signed by Architect Ernest r. Creeth
of Long Beach, associated with Train
&. Williams of Los Angeles. The pres
emf home of the national bank, which
10 on the corner, will be razed to make
room for the new building, but IN
order that the bank may not be obliged
to change it's quarters the building
will be erected in two sections.
Increase in Values
Another important realty deal car
ried through was the transfer or
business property at 127 East Second
from w. L. Gaines to C. ]. Hargis,
local contractor. The property COM
prises a two-story brick block located
on a lot 33x75 feet in extent.
A syndicate has been formed for the
purchase of a valuable corner on Third
street and American avenue at $34, 00o'
rrIis Is one of those deals in realty
that make Southern California famous
as the lot was purchased some four
wears ago by Carl d. Hendrickson Tor
$4,000. He has since improved the lot
TO the amount of $1,000. Several times
Mr.. Hendrickson has refused tempting
offers for his property, but he has
steadfastly held on to it and To-Day is
rejoicing that he has done SO.
Plans have been perfected Tor the
erection of a first class theater In Long
Beach. J. D. Veach, theatrical man
eger of wide experience, Is back or the
movement, and states that he has
contract with Klaw & Erlanger to
bring the best productions to Long
Reach CITY Immediately upon the COM
option for a site has been secured on
property near the corner of Third and
Locust streets, the old Tabernacle
grounds. and the spot that has been
the amusement center for Long Beach
since the town had it's beginning with
the camp meetings and Chautauqua
many years ago.
Big Dry Goods Store
A dry goods store of metropolitan
pretensions is now assured to Long
Beach under the management OF 5.
Al. Schilling, now proprietor of large
wholesale concern in Los Angeles. The
syndicate backing this proposition owns
q valuable location on the corner or
First and Pacific and will commence,
in the very near future, the erection
of three-story brick block, the first
two floors to be devoted to the COM
mercial house. lothian BiXby and
other prominent capitalists are identi-
fed with this movement.
OF vast Importance to Long Beach
during the past week has been the
adoption by the council of resolu-
ton inviting proposals to construct
over three miles of paved streets. This
contract when let will mean the lay
ing Of pavement of concrete on Amer
lean avenue to Sixth street, Third
street from American avenue to Cedar,
Cedar avenue from the ocean front
north to Third street and Ocean Park
avenue opposite the business district.
At no time in the history of Long
Beach has there been as much cement
work done as at the present. Each
of the contractors Is working an extra
force.
Long Beach Sales
Reported by r. w. Stearns & Co:
Lot on corner First and Daisy street
near new hotel, Thomas Rice to Frank
Z. Strong and A. Craig, $4,000.
Lot on corner Fourth and Magnolia,
Grant Stewart to Mr.. Moran of Be
lott. Wis, $4,000.
Lot on corner Fourteenth and Mag
nolia, Mrs. Kennedy to Mr.. Schilling,
$500.
Reported by Ocean Front Real Es-
tate Co. sale of the following lots in
the George II. Walker tract: Lot 10
to Barry, $500; lot % to Milt Hanlen,
$500; lot 8 to E. Denning $500; lots
Q and 10 to Hemphell Hand & Den
ming, $500; lot % to McCravey, $500;
lots 81 and to T. P. Johnson, $500.
Reported by Walker Real Estate Co.:
Lots II and is, block II, Hannah w.
Deputy to DR.. Fl. u. Gill; lot Is, block
1871 A1amitos Reach tract NTyt,,oI