New-York tribune., 1906-11-21

The Broadway Cortlandt ST. building project
which was planned and projected by Robert 4.
Dowling. president OF the City Investing Com
pany, is apparently going to be one OF the most
successful building enterprises-if not the great
est from realty standpoint-ever carried out
on Manhattan Island. That is saying good
deal. II is true. for every hand there are stu
pendous Office buildings OF the best modern
type. Nearly every one Of them is alluring as an
Al investment holding. Some of them espe-
cially noted for their beautiful facades or for
their nicely arranged floors being among
the tallest Office structures In the world. The
building that Mr.. Dowling's company is erecting 3
is also going 10 be among the tallest structures
on Manhattan Island. II Is also TO be pleasing
housing under its roof corporations occupying a
whole floor and paving $4,000 year for that
privilege IN this respect Mr.. DowlingS build
ips VIII be unique
Last week q corporation leased floor OF the
building and yesterday two other corporations
leased floor each. through John n. Golding. al d
& floor in the building, which is now we'll undcr
construction, and which will be ready for occu-
all it's local forces centralized. Owing 10 the
sze of the rentable space Of each floor in the
building, II will be possible for each lessee to
do such a thing.
Just what Mr. Bowling is doing other realty
lea ders could have done II they had been close
students Of business conditions. He realized
that while scores OF corporations had broad
ened their business activity in the last few years
that their local working forces were divided and
located in various buildings, no proper office
accommodations had been provided for them.
AS a result he planned the Broadway Cortlandt
Building especially to meet these needs. This
achievement alone stamps MIR. Dowling as one
OF the brilliant realty leaders in the history
of Manhattan Island And 1t must not be for
gotten that for years his realty operations have
been remarkably successful. unusually progress
sve. and his influence in the realty field extraor-
dinary Even in the face Of this fact some peo-
NIL r1aIy he
realty business may be learned from books.
One of the principal transactions reported yes
terday the sale by Douglas Robinson,
! Charles s. Brown & Co, for Daniel B. Freedman
TO a client OF No. 20 West 3Sth st, five story
store and apartment house on a lot 2ox9S.9 feet.
This parcel is 20 feet east Of 9th ave, and is,
therefore. key lot 10 the avenue frontage. Also
sold for Mr.. Freedman to client No. SO4 9th
ave, between 40th ana 46th sts- four story
store and tenement house, 1S.Sxl0 feet
The Real Estate Board of Brokers unanimously
decided Yesterday to furnish legal aid TO any
member hereafter who is unable TO collect COM
missions due him. II took this action by adopting
the following proposed article TO its constitution:
"A brokerage claims committee consisting of one
member of the board OF governors and four
nembers-at-Iarge. whose duties shall be 10 en-
deavor 10 settle disputes between members ana
others in cases where members or the BOARD are
unable 70 collect commissions claimed 70 be due.
This committee shall have power to hear both
sides on the question in dispute and endeaVor TO
settle II without suit but in case OF failure TO
settle the committee shall II considered advis-
able by them. bring suit in the name OF the board
through it's attorney The committee shall have
power TO make rules 70 govern its proceedings.
which rules shall be approved by the hoard OF
governors The members OF the committee shaII
serve without COMPENSATION.
David A Clarkson. president Of the board
was IN the chair. II was one of the most in
teresting meetings of the board this year. That
wos principally due 10 q spirited contest over
the election Of three members 70 the board or
governors of five members TO the nomina ting
committee and four TO the auditing committee
F r Wood Edward l. King and Edwin II
Hess were elected governors TO serve three
Try-pp Eryl. a
Stabler Joseph ?. Day and f d. kalley as
members OF the nominating committee, and
Harlan P Young. E. de Forest Simmons, Louis
SchraC and David A ClarksOn as members OF
The auditing committee.