The San Francisco call., 1906-05-05
The san EnANc1sco oAEL,- SATURDAY. NAYS. 1906.
LEASING IS MAIN
ACTIVITY IN REAL
ESTATE BUSINESS

In the world Of real estate everyone
wants to buy, and nobody wants to sell.
This inclination, together with the fact
that there is not enough money in cir
culation to make big deals possible is
causing great deal of leasing. In one
sentence: The real estate men are doing
a leasing business.
In one instance where the property
on the northwest corner of California
and Montgomery is concerned deed
was drawn up a few days before the
earthquake, and the property was about
to be transferred from owner to buyer.
But now the owner will not SELL and the
prospective buyer insists on having the
deal closed. This is one instance which
shows the tendency of property owners
to hang on to their wares.
Some of the biggest leases made by
the Madison-Burke firm are Southwest
corner of 0 Farrell and Fillmore streets
to Judge Pryor, to be sub-leased; north
east corner of o Farrell and Fillmore to
Roos Bros. for 5000 month; southeast
corner Turk and Fillmore to the South
ern Pacific for Offices; northeast corner
Van Ness and Locust between Golden
Gate and McAllister to- P Connor for
three years at $3.50 a month; northeast
corner Fillmore and Ellis, 120x137 feet
to s. n. Wood & Co., as site for ten
buildings; northwest corner of Fillmore
and Ellis to Roos Bros, as site for
seven buildings, five of which have al
ready been sublet; north side of Ellis,
west of Fillmore, to the Morton Special
Delivery Company at $3.50 a month.
A Ao1 - 1 l.
have many applicants for property, but
none who wish to sell.
The Ct. H. Umbsen Company at 905.
Fillmore street, is also doing large
leasing business. 1t has leased many
sites in the downtown section, to be
used as warehouse sites, but does not
deem it advisable yet to give out the
names of those connected with these
deals.
The most important leases of the G.
H. Umbsen Company, are as follows:
Western Sugar Refinery and J. D.
Spreckels Company have leased a A
foot frontage ON Clay street near East,
with depth of 115 feet; property on
the corner of Market and City Hall
avenue leased to James Irvine; and to
Reddington G. Co., 1872 feet by 1874
feet, corner Third and Brannan streets.
The real estate firm asserts that it has
leased many more sites to large firms,
but the names are withheld until to-
morrow.
Without exception every real estate
firm visited today declares that it has
not piece of property for sale. On the
other hand they are advising their eli
ents to neither sell nor buy until the
price of property readjusts itself.
Harrigan, Weidenmuller C Rosenstein
have made leases as follows on Fillmore
street: To Livingston Bros, the south
west corner of Fillmore and Geary
streets, 131x95 feet A contract has al
ready been let for a building to cover
this entire lot, which will have 225 feet
Of plate glass show windows. Three
stores on the west side of Fillmore
street, between OFarrell and Geary
streets, now being constructed for Liv-
ingston Bros, have been leased to B.
Katschinski, Schwartz & Goodman and
Cohl' Bros, and Levin. For the Butler
Estate, a lease was made by the same
agents to X. Robson for the fifty vara
lot, southeast corner Geary and Fill
more, which has been subleased for a
term of three years at a monthly rental
of little over $1,000, to be occupied
by a big clothing concern which will
put up building with practically an all
glass front. A lease to William Hell
bing by the same firm was also made,
covering the fifty-vara lot on the north
east corner of Suffer and Steiner streets
and the lessee contemplates putting up
a market which win be the largest in
the city.
The same firm has also leased for a
term of three years the three story
building, 1872 and 1774 Geary street,
near Fillmore, at a monthly rental of
$500 to Meyer Bros.
A large lease was also eonsumated
by the same agents on. Southeast Van
Ness avenue and O'Farrell Streets, 120
xl09, for term of three years for the
Goldstein Company and A. Steinberger.