The San Francisco call., 1906-11-26


ing of the tract last Monday"
GEORGE w. AUsTIN's SALES
George w. Austin also reports all the
business he can handle. In discussing
the present condition of the Oakland
| real estate market he said today:
THE details published regarding the
Taft & Pennoyer building at Fifteenth
and Clay streets proved that my
prophecy regarding the making OF this
retail center is absolutely being full
filed.
The Taft & Pennoyer building is to
| be Immediately followed by others, and
l have inside information that at this
date other large retailers are now con-
ferring with architects regarding new
| buildings to be erected in that vicinity.
The movement toward Clay and Grove
streets and from there northwest is go
| Ing ahead rapidly. San Pablo avenue,
running north and west, is developing
| faster than most people have any idea
of. and the streets west of Broadway
running into San Pablo are feeling the
new impetus
1T is reported that II will not be long
before there is a street railroad line go
! ing down Clay street and as this is one
Of the widest thoroughfares in the city
it will make of Clay street a very
bustling business street. Nearly all the
property here having been taken up by
merchants, interest has centered
around Grove street. which is rapidly
developing into a busy thOroughfare-
Several months ago I foretold just what
is happening and those people today
who are wise enough to locate in the
charmed triangle consisting of Twelfth
and Market streets and San Pablo ave-.
nue. will find they have made move in
| the right direction
I'VE all know that at this time the
| business center of Oakland is congest-
| ed altogether too much for convenience
and for the proper transaction of busi-
ness It must expand. and, like all
| other cities, IL will go north and west.
| Oakland is still a long way re-
moved from being able to take care
properly of her big population. but
houses are being built at the rate of
| one hundred per week, and some OF
them are capable of housing from
| dozen to twenty families.
Since the racing season opened
every hotel and rooming house is
filled and has again caused us to be
ready have their foundations in the
ground and that it is only matter
| of a few months before we will be
able to take care of all the tourists
and travellers and permanent residents
| who like first-class accommodations
/ and who have plenty of money to
| spend.
During the past week we have
turned over fully half a million dol
| lars worth of property through my
office, and several other real-estate
| dealers have done an equal business.
! During the past six months Oakland
| has experienced a big boom. In that
time we have done business almost en-
| tirely with ourselves and with people
| in nearby cities. Now we are having
| the benefit Of this rapid development.
1t has attracted attention all over the
| country, and the greater part of all
! the money that is being invested in
Oakland today is coming from the out
side. This is a very healthy sign and
/ shows that although we have made
rapid strides this year, the real benefit
| of advertising our advantages and
forcing the entire country to take
notice of us has only just begun.
BIG DEALS IN VIEW
During the past week the center
| of real-estate activity has been on
Franklin, Clay and New Broadway
/ Some big deals have been made on
| these streets, the details OF which for
various reasons will not be made public
until the transfers go on record next
| week
| "On Franklin and Clay streets the
activity has gone below Seventh and
! reaches down to Third and Fourth
streets, showing that the demand for
business property is general. During
| the week some property at Sixth and
| Clay streets changed hands at a figure
which 1t was not expected to reach for
at least six months"
j. H. Macdonald & Co. report the
following sales for the last ten days,
totaling in value $650,000.
The Hotel Touraine, 1s0x1o3, Four
| teenth and Clay streets, account of
Mrs. Florence Wells, $500, 900.
j. S. Myers Block, Franklin street
between Eleventh and Twelfth streets,
50x75, three-story brick, $4,000.
Gore block bounded by Grove street
! San Pablo avenue and Jones street,
account ]. 8. Myers, s65.00O.
Lot 150x100, northeast corner OF
Thirteenth and Grove streets, account
i. H. Clay, $4,000.
Lot 5Ox100, north side Thirteenth
street, $50 feet west of Clay street,
bowling alley. account Hoyte & zeis.
$4,000.
Lot 5sx1oO. improved. southwest cor
ner Twelfth and Market streets. s17.-
900.
Lot 1o1x12s. west side of Market
street, 81 feet north of Tenth. ac-
count M. E. Tucker, improved. ST.
500.
l. Lot lOUXlzS, un1mprOVed, east side or
Alice street, between Thirteenth and
Nineteenth streets, C. T. Walker, s15,-
600.
Four lots in Highland subdivision
of Adams Point. aggregating $4,000.
Lot 70x14O. west side of Telegraph
avenue, north of Twenty-fourth street
account e. Cavanaugh, $4,000.
Lot 371s x10O, on Twelfth street near
Jackson, $17,500. And various sales
of smaller buildings. aggregating over
$4,000.
j. H. Macdonald & Co. report sales
to date from June 1st aggregating
over $4.750,00O, and prospects for clos
4 ing the year with s6,000.00O.
ALAMEDA, Nov. "a. = Combs &
Fisher, local meat dealers. have
leased the A. w. Cornelius property
adjoining the premises of Smiley &
Gallagher. on Santa Clara avenue be-
tween Park and Oak streets. and have
also purchased the James B. Barber
property adjoining the Cornelius realty
The two lots will be used as the site
for large modern two-story business
building to be erected by Combs &
4 Fisher