The San Francisco call., 1906-10-15
HOMES IN OAKLAND |!
ARE IN DEMAND.
Applications for Dwellings
Increase and Rents Are
at a High Premium
BOOM IN BUILDING

OAKLAND, Oct. 14.-Demand for
dwellings and business property SHOWS
no sign of abating. Rents in the resi-
dence districts. with little regard as
to locality are maintained at nlgn
pressure rate which seems Hkely 10
be unrelaxed during the winter months.
The rent problem has forced many
householders into the market as Duy-
ers, creating much inquiry 1or cottage
properties in the outlying sections. The
conditions in relation to renting are
undoubtedly abnormal just now. Land
lords are not hestitating to take ad-
vantage of their opportunities De-
mand being greater than supply up
goes prices and the owners OF renung
properties are turning over handsome
figures.
Despite more or less unsettled con-
ditions in the labor world and the In
creasing price of materials there ap-
pears to be no diminishing in the
building operations. Nearly 100000
worth of permits were issued during
the week from the Board OF Pubic
Works, these running from sheds TO
large hotel buildings.
NOTEWORTHY TRANSFERS.
Among the noteworthy transactions
of the week was the sale of Rose
Crest" Alexander Young's beauti-
ful residence on Vernon Heights. The
sale was made through the Laymance
Real Estate Company and }. n. Mac
/ donald & Co., the purchase price and
the purchaser have not been made pub
lie. The Youngs paid more than $780,
| 600 for the property. They Will make
their permanent home in Honolulu,
where Youngs interests are heavy.
In realty circles the rumor is current
that the trustees of the First Congre-
gational Church have put figure of
100000 on the property occupied by
the church at Clay and Twelfth streets.
1t is not unlikely that before many
months the property will be on the
market, as the Orpheum people have
bought the adjoining property for
theater site.
Both Berkeley and Alameda are shar-
/ ing in the general uplift of land values
on this side of the bay. In the col
| lege town there has been a noteworthy
! development of new business blocks.
Much artistic construction has been
done in the recent additions to the
business district. Berkeley has become
show town in its residence growth.
As evidence of the conditions at
Berkeley the assessment roll shows
valuation this year of $23,765, ,499, an
/ increase over last year of s7345.433.
| On the Alameda side a large influx
1 of population has stimulated the de-
! n1and for homes. and pretty much
j everything available for homes is oc-
cupied.
SPLENDID HOTEL.
The Oakland Hotel Company, COM
posed of the bankers of this city, which
will erect a $4,000, 900 hostelery, has
progressed steadily with its plans for
the erection of the-structure on the
block bounded by Harrison, Alice, Thir-
teenth and Fourteenth streets. Fol-
lowing the announcement of T. NJ
Smiths subscription of s150,000 to the
| project comes word of the real estate
mems decision to raise not less than
100000 toward the scheme. George w.
Austin has subscribed $4,000 as a start
er. This has been added to by $4,000
from Wickham Havens, $500 from A.
j. Snyder and $4,000 by the Laymance
Real Estate Company. Austins pledge
carries with it his announcement that
he believes the project to be one of
the best which has ever been developed
in this city.
/ Commenting on the general realty
outlook, Austin says:
1t is very evident that Tenth and
4 Eleventh streets, east of Broadway, are
rapidly becoming part of an established
i wholesale district The latest move in
this section is that of William Cluff &
4 Co.. the wholesale grocers, who are go
ing to locate permanently at Tenth and
| q
piece of property on Eleventh street.
near Harrison, has changed hands four
times and each time at q substantial
advance. We have just bought from
Herman Eppinger a piece of property
on Webster street, above Fifteenth and
Immediately found ready sale for 1t
at an advanced figure The purchaser
Is now considering an offer of a still
II greater advance.
The way things are looking now
makes 1t certain that within six months
retail street in town. Already many
of our most prominent merchants oTn
property on that street and more are
clear through from the water front to
San Pablo avenue and is magnificent
thoroughfare for shopping.
OPEN NEW OFFICES.
The Oakland Combine, composed of
realty brokers and capitalists who pur-
pose handling large transactions. is
preparing to open elaborate offtces on
Broadway near Eleventh street. The
combine is entertaining many large
propositions and has already bought @
,, big piece of property near Tenth and
Alice streets, adjoining the new ware
house and store of the w. z. Fuller
Company also the Gaskill property on
Fifteenth street between Clay and JEFF
ferson; also the Boardman property on
the southwest corner OF Twelfth and
Grove streets. The combine Is now
considering advanced offers on all these
properties.
Indicative of the markets tone Is the
report from the Offices Of J. Fl. Mac
, donald & Co. that the firm handled
more than s150,0oo in realty sales last
, week.
F. H. Pitman, a realty broker OF
Berkeley, has opened new Offices in the
Studio building.
r.. G.. Ralston has also taken offices
: for his real estate business in the Stu
dio building.