The San Francisco call., 1906-10-22
OAKLAND REALTY IS
IN DEMAND.
Completion Of Many Build
ings Is Assured Before
End Of the Present Year
BIG SALES REPORTED

of the trouble between tine EHhpioy e,s
and Contractors Association anu Inc
various labor organizations Oh Ala
media County over the demands OF the
members of the latter ior m
creased wages has come
newal of activity in building opera
tions which assures the compietlon OF
many new buildings in this city De
fore the end of the year. CONTRACT
ors are rushing work on many new
business buildings. stores, apartment
houses and homes. and everything m
dfcates that active building opera
tions will continue throughout the
winter.
Transfers of real estate tnroughoul
the county continue with unaoateu
regularity, especially the sale OF the
business property outside the preseh.
center of the city The erection OF
new business buildings on Twelrth
street. east of Webster, and on san
Pablo avenue has acted as magnet
to draw business in both directlons,
and prominent Oakland real estate
dealers express the opinion that WITHIN
another year San Pablo avenue as far
north as Twentieth street, and Twelfth
street. between Webster and OAK
streets, will be lined on both sides
with commercial and manufacturing
buildings. Il
MANY TRANSFERS MADE.
More than five hundred transfers OF
Alameda County real estate nave Deen
recorded in the last week, proving that
there has been no change in the con-
dition of the local market. One Of.
the largest of the deals closed last
| week was the sale of the building at
the southeast corner of Broadway and
Seventh street, which has for many
years been occupied by Barnums res
taurant- The property was sold at
auction under an order of the Superior
Court of San Francisco and was pur-
chased by w. ]. Schmidt of Berkeley,
who secured the lot and building for
$4,000.
Another large deal recorded last
week was the sale of property on
Twelfth and Jackson streets, part of
that formerly occupied by Dr. p. III.
Woolsey's private hospital, to Theo.
Gier. well-known merchant of this
city. The property has frontage of
100 feet on Twelfth street and eighty
two feet on Jackson street. and the.
price paid for it was $4,000. 1t is
the intention of the purchaser to erect
large business structure on the prop
erty.
In addition to these large sales there
have been many small sales of local
real estate during the last week. j. III.
Macdonald & Co. report sales of prop
erty aggregating in value $155,000 for
the week. Macdonald said today that
there is steadily increasing demand
for all kinds of property, which Is fully
equaled by the demand for residence
property, both .inaproved and unim-
proved. q
IMPORTANT DEALS CLOSED.
| In discussing the conditions of the
| local real estate market. George w.
| Austin said today -re
! "As an instance that the development
is not confined TO inside property, will
mention the fact that l sold this week
4 to one party seven blocks in Fitchburg.
Many other sales of good residence
property have been made during the
past few days.
I'VE have just closed a very import
ant deal at figure which / am not at
liberty to divulge. 1t is the sale for
Mrs. Harriet Marks to Percy Walker
and Raymond Perry of the flfty-foot
/ frontage between the site of the ST.
Marks Hotel and the Farmers and
Merchants Bank. l can only say that
this is probably the highest price ever
/ paid for Franklin street property, and
l am free to confess the buyers have
made a splendid investment.
Another fact which is significant Is
that a piece of central business prop
erty which was in the market six
months ago for $4,000 could not be
bought today for 100000, cash offer
for that amount being made through
my Office.
"A very quiet but forceful movement
Is gradually being developed along
Clay street. Within a few weeks there
will be announced in connection with
Clay street some of the biggest sur
prises that have ever occurred in the
real estate market. Not an hour ago
a lady of considerable wealth was in
this office seeking to invest $4,000
on Clay street. Many quiet deals have
been closed on this side, although for
various reasons they have not been
recorded
HEAVY DEMAND REPORTED.
A. L. Kreiss, head of the real es-
tate firm of Kreiss & Horswill, res
| ports an active week, with heavy de-
mand for business and residence prop
| erty. Kreiss said today:
The erection of new buildings on
San Pablo avenue is causing steady
expansion of business in that direction,
and before this time next year the
people of this city will see much OF
the retail business of the city es-
tablished in that district. Two years
ago if anyone had suggested the erec-
ton of such q building as the Ar
cadia Hotel at San Pablo avenue and
Twentieth street. people would have
believed him insane, and yet today the
announcement that this building is In
course of construction causes no sur
prise. When / first suggested to Mr.
McNear that he erect a hotel building
on this property he did not favor the
project, but finally said that If could
secure tenant he would erect the
building. Within few days l hac
closed a deal with Clarke w. Phillips
of San Francisco to take the hote
, as soon as it was completed, and since
that time 1 have secured tenants fol
! all the stores on the ground floor
A number of local real estate mer
were elected to office in the California
State Realty Federation at the con
vention held last week in Fresno. Will
liam ]. Laymance, president OF thu
! Laymance Real Estate Company, wal
elected treasurer of the organization
F. j. Woodward of the Realty Bonds
] and Finance Company. was placed a
: the head of the committee on legis
lation; James S. Naismith was elected
chairman of the committee on COLOMBIA
ton: John T. Bell was elected mem
, ber of the board of directors, and II
D.. Irwin of Berkeley was elected
! member of the legislative committee
i One hundred and eleven permits fo