The San Francisco call., 1906-12-15

Straits and also the bay transfer from
Oakland to this city. The Dumbarton
bridge is used as a further argument
that the Hartman people are deter
mined to use this side of the bay Tor
all their business.
tt is reported that at North Beach the
railroad alone will spend in the neigh
borhood of S2O0O0OO and when the
Government begins work at Fort Ma
son this part of town will see a boom
that was not dreamed of at this time
last year
HIGH FIGURES FOR LAND
In consequence of these reports prop
critics along the north front are holding
up we'll and owners see in their realty
! future fortunes A lease which was
made during the last week shows that
| those who invested along the north
beach have reaped the benefit of the
courage of their opinions. The Asso-
ciated Property Owners of San Fran
cisco has leased to the Lindgren-H Hicks
Company block 14S, bounded by Bay.
/ North Point Powell and Taylor streets,
| for three years at $1,000 month. 1t is
thought that the lessees will build
warehouses on the property
California street, or rather Mob Hill,
! is beginning to attract attention 1t
was stated last week that the Pacific
Union Club had practically decided to
rebuild on their old site, but during
! the last few days a strong party Is
said to have arisen in the club which
advocates the purchase of the Flood
mansion, on the hill This, 1t is alleged,
is. due to the fact that several mem
| bers of the Bohemian Club are agitat-
/ ing the purchase of the Fife property,
on the southwest corner of California
and Jones streets, for the club home.
/ The argument is advanced that this
house would have g. southern exposure,
and no building could possibly shut out
the light and the sun. This agitation
is growing stronger daily, and 1T is
urged that the site recently bought, on
the northeast corner of Taylor and
Post streets, could be sold for twice as
much as it would cost to buy the Fife
place on California street
The site owned by the Pacific Union
Club at Post and Taylor has front
age of 81 Is on Taylor and los on Post.
and is valued at about $150,000.
The University Club is also talking
of building on California street, and
! club men say that they would not be
at all surprised if the three biggest
clubs in the city should be eventually
located on California street, between
Mason and Jones.
Of all the clubs, the Olympic is the
only one that has set about the work
of establishing itself and the new
club. lit is claimed. will be one of the
finest athletic Institutions in the world.
1t is said that 100000 will be spent
upon the property.
DULL WEEK FOR REALTY
Real estate operators claim that the
last week was one of the dullest they
have known for many long day.
The storm and the approach of the
Christmas holidays is the reason for
j the slack time. All are agreed. how
ever, that after the holidays business
! will be brisk and they look forward
with considerable expectancy to the
| spring, when they say there will be a
| general revival.
| Some good sales have been made
lately, but it is alleged there is a
disposition on the part of investors
j toe hold off. well-known conSer-
vative business man, In speaking of
the real estate situation. said he
thought there would be quite a boom
in real estate in about three or four
months, nor did he believe that the
time would ever come when land
would be picked up cheap. He is con-
1dent that the market will hold up,
but he is equally confident that when
the mortgages due, which they
will be after the first Of the year, many
owners will listen to propositions
which they rejected recently. few
sales, he declares, at a fair price. would
have healthy and stimulating effect
upon the market
Chinatown property is holding up
and the demand for flats, lodging
houses and apartment-houses is on the
1 increase Several of these are in
course OF construction, and real estate
men say that in one year and half
/ rents Will be normal again.
SALES AND LEASES
One of the notable leases during the
week was that made by Clarence Col
man OF the property on the southwest
corner of Geary and Powell streets.
The lot is 85x92:6 An eight-story
building is to be put upon it by M. A.
Gunst, which will cost 100000. The
seven upper stories have been leased
for term of ten years to the James
w. Edwards Company, and it is its in
tention to have the building used ex-
clusively by dentists
Colman has also leased for the same
owner the ground floor of ten-story
class building to be erected on
the southwest corner of Third and
Mission streets, the corner store to M.
A. Gunst Tor term of ten years, and
the rest Of the space to the Gahey
Bros. for term of. ten years.
Baldwin & Howell report unusual ac-
tivity In San Mateo County and they
have made several sales in that charm
ing suburban quarter during the last
week. In the Central Addition they
made sales as follows:
william B. McKinnon, lots 1, and
3, in block 2, $4,000; Mrs. F. r. Lorich,
lot II. block 1, $1,000; H F. Hopper,
lots rs and 81, in block Z, $1,000; Alice
%. Hopper, lot s. in block 2, $1,000; w.
n. Morse, lot 80, block Z, $1,000: George
7. Wheeler, lot 4, block 2, $500; ]. T.
Ransdall, lots l and 2, block 8, $500;
F. G. Dutton, lot 4, in block 1. $500;