The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-08

nia-street hill. and at a meeting of the
directors, which will be held in two
weeks, il is rumored that it will be
decided to build on the old site.
Chinatown is making the greatest
advances toward rehabilitation, and
such farsighted men as Vice President
A P. Giannini of the Bank of Italy say
that in two years this part of the city
viii be entirely rebuilt
The Chinese are showing great con-
fidence in their district and a building
is leased and cash security given by
them even before a brick is laid In
many instances Chinese merchants
have helped to raise the money for
landlords who were hesitating about
rebuilding.
Giannini. in discussing the real es-
tate situation, remarked yesterday.
everything looks well, and there is
better feeling all around. By spring
we shall have a big movement md
there will be more work going on then
than any one has an idea Of One
thing shows confidence, and that is
the demand that has just started for
downtown property. and peoPle are be-
ginning to make offers. Hitherto they
have been backward. but now there is
a marked eagerness to build.
NORTH BEACH AND CHINATOWN
a great deal Of building is going
on in the North Beach district" con-
tinued Giannini and IL would not
surprise me in the least 10 see This
part Of the city entirely rebuilt in two
years There is being put up a better
class Of buildings than were there be-
fore the fire. Among the improv e.
ments the Cuneo Company has almost
completed 121 flats and three stores in
building sixteen flats of five and six
rooms al Lombard and Kearny streets
To give you an idea as to how values
are holding up at North Beach / can
say that the block bounded by Mason
Powell and North Point, which we
bought before the fire for about $780,
600. we recently refused the sum OF
S275. 600 for
The district which was formerly oc-
cupied by Chinatown is really the one
going ahead most rapidly. The Chinese
are determined to get back to their
old quarters and are putting up a cash
security for the lease of houses or
which construction has not been COM
menced. From Stockton street to Kear-
ny and from Sacramento to Pacific
there is scarcely a piece of land which
has not been tied up in some way on a
lease.
IN TACT there are UldDy people after
each piece of land and the best part OF
it is that you can get a cash security
from the Chinese on a future lease.
know of some instances where ar
owner has not been in the mood to build
and the Chinese have managed to get
some one else to put up the money fol
the building. Rents. too, are higher
than they were before the fire, and this
is owing to the fact that the new build
ings are of a better class.
"Scatena & Giannini are building or
the southeast corner of Dupont and
Sacramento streets a three-story brick
building with basement, which has beer
rented for SITS a month, and prior tC
the fire a building of the same dimen-
sions brought in $500. The Cuneo Com
pany is putting up a building on Du-
pont street and Brennan place which
will cost $4,000 and which has beer
leased for five years at $1100 a month
The new structure is a duplicate of the
old one, which rented for $3.50 a month
There is a big demand for outside
property and the Cuneo & Costa Co
sold through the agency of G. H
Umbsen & Co. the Gum Tree Tract foi
$40. 900 to the Croker estate, which,
understand, is to be cut up into lots
There is going to be a small-size6
boom out by the Geneva powerhouse, q
few blocks this side of Ocean View. fol
small homes. John Perrazzo is build
ing twelve flats and two stores on the
northwest corner of Broadway and
Powell street.
w. OBJ. Macdonough returned home
Yesterday from the East and ii is
thought that some decision will shortly
be reached as to what will be done
with the site on which the California
hotel stood.
BALDWIN & HOWELL SALES
Outside lands are selling WELL as car
be judged from the following: Baldwin
acres in Lake County, fronting or
Clear Lake, for account of an Eastern
client to l. J. Shuman of Lakeport fol
$4,000.
To H. Vischer they sold two tracts
of land in Marin County, known as the
Lucas & Miller redwood tracts, con-
tanning about 500 acres, for $4,000
Another sale was that of the ranch
near Martinez belonging to the trustees
Of the Leland Stanford Jr. University
containing about 5000 acres, which was
sold to a client of the firm for $4,000
In the aforementioned sale Davidson &
Leigh represented the sellers.
Other sales reported by Baldwin &
Howell are:
Account of estate Of Josiah BeIdon to q
south line Of Stevenson street with a depth Of
so feet. $40 feet east Of Second street; SIS 600
ner Streets with improvements consisting OF
two-story residence. for =. A. Fisher OF Los
Angeles. TO a client; over $4,000
A sale in conjunction with David Bush &
Son. lot 29.6xSS at northeast corner OF Twenty.
sixth and Noe streets. with improvements con
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