The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-01


for and paid for was equitable. opera
tors have been rcontending that the
demands OF land owners for 2 valua-
ton considerably in excess to that be-
fore the fire has held back the city and
Il is claimed by them that when reason
able values are esta blished there VIII
be a boom in sales.
This particular piece. which was val
ued III $500 q front foot before the
fire. changed hands during the week
FOR $1,000. and dealers say that TINS
transaction viii help to establish val
ues and bring about healthier con-
dition.
Argument also is brought forward
thar realty owners should make noml-
nal rents for the next three years IN
the wholesale district. and by 50 doing
induce merchants TO return TO their
old quarters The downtown movement,
however. continues without this induce
nent and SO there seems no prospect
of this desire being accomplished.
All the real estate firms say they
have instructions from wholesalers to
find locations in the commercial part
OF town. and within the past week
many firms which have been doing
business in Oakland have signified their
intention of returning 10 the city.
Members Of some Of the larger firms
report a new movement in the realty
market One of them said;
Some of the downtown property
owners are finding a way out OF their
difficulties. In cases where they nave
not sufficient funds TO replace their
holdings which were destroyed by the
April holocaust they are making eX-
changes for improved property IN other
districts In this way they are re
leased from any cares Of rebuilding,
and ii is bringing the more active
operators in the burned district who
are willing TO put UP permanent struc-
lures One real estate firm has a num-
Der of such trades pending. The prices
asked in the exchange seem reasonable
on both sides and the owners feel
greatly benefited by such exchanges.
FEELING OF SECURITY
Both operators and owners are
pleased with the transactions during
the psst month and seem equally con-
fdent that the month of December VIII
see a steady increase in sales of realty.
Several large sales and leases have
been made during the month and two
large transfers may be consummated
within the next few days. Most Of the
business that has been done is in the
burned district, but the many sales that
have been made to homeseekers in the
Richmond District are Indicative of the
healthy mercantile condition Of the
city.
A great impetus has been given 10
building in the northern part Of town
and the completion Of the Hyde and
Polk street car lines is doing much
toward the building up OF that part Of
the city A boom in q small way is
promised along Union street, as the
railroad company is beginning work
on putting the lines into shape for the
running Of cars. The fact that the
California-street line has run cars and
not a dummy alone up the Eyde-street
line is another proof Of the rapid
growth along that highway
Merchants doing business along
Montgomery street are loud in their
complaints as to the condition Of that
thoroughfare. In many places il is
little better than a quagmire and at
Pine and Montgomery streets the water
almost extends across the street TO a
foot in depth. 1t IS claimed that as
Montgomery is one OF the most. import
ant streets in the city more attention
should be paid to its condition.
Work has been commenced upon the
site once occupied by the Nevada Bank
on Montgomery street and a store and
an office building win be put up there.
Work has also been commenced: on the
site of the old Grand Hotel for the new
bank building.
DURBROW BUILDING STARTED
Alfred X Durbrow has commenced
work upon his siX-story building on
the northwest corner Of Front and
Commercial streets, which part Of the
city is making rapid progress in re-
s.abilitation work. The building Will
be Of reinforced concrete, with a plain
exterior. II is Durbrows wish 10 have
the structure as near hreprOof as pos
zible. and the architect l. p. RiXford,
is taking every precaution to make the
place safe against the dangers of
flames. The building will have metal
window frames and fireproof glass
and two electric elevators. The cost of
the structure viii be 100000 1t has
been leased by Harrigan. Weidenmuller
& Rosenstirn to client of the firm at
g total rental Of $4,000 for a term of
ten years.
The sale during the week of Sec
ond-street property shows that there
IS no diminution of interest in this
section of the city. The report is made
Of the sale of the lot and two-story
brick building on the southeasterly line
Of Federal street, 1875 feet northeast
cry from ctCOnus WHICH mas Dttn us
posed of by Nat Raphael for $4,000.
The building has been leased to a Jap
anese corporation for $500 a month.
Behlow & Lucas were the agents who
contaminated the deal and this firm
also reports that it has leased for the
account of the Tillmann Estate Company
the lot on the southerly line of Suffer
street. so feet westerly from Grant
avenue. west 47:6 by south 1875 TO
stockton place, for twenty five years
al a total rental OF $3.50, 500. The lessee
wifi Immediately erect a building to
be occupied by dentists and doctors.
NEW CHINATOWN BUILDING
The same firm has leased for Ferdi-
nsnd E. Hesthal to Shein Shang & Co.
the northwest corner of Dupont and
Stockton streets, 6S:9x6S:9, for thirty
years at a ground rental Of $1o2. 900.
The Chinese will erect a three-story
and basement brick building for Chi
nese purposes. Nowhere in the city is
more building progressing than in the
Chinese quarter, which bids fair to be
soon occupied by all of its former
tenants The same firm has also leased
for client Of the firm the store. 20x4O
on the north line of Clay street, west
Of Montgomery, for three years at q
total rental of $500.
@. II. Umbsen & Co. report several
1rrrfro he Wpplr oF rubfoh a