Los Angeles herald., 1907-07-14
THE PICKWICK SOLD FOR
$185,0O0
OPERATORS SAY THE OUTLOOK
is BRIGHT
Old Established Business Firms Make
Improvements and Arrange for
Modern Furnishings and
ConvenIences

With the advance of the summer sea-
son and the rapid settlement of out
standing obligations both in business and
tract properties, realty agencies in close
touch with local conditions assert that
everything points to a very active and
profitable season In the entire realty
field, beginning the latter part of August
or the first week in September. Notwith-
standing the fact that many of the deal
ers have been at the beaches or in the
mountains for recreation and rest the
offices of the agencies are open for bust
hess with about the usual number of de-
partment agents in evidence, and the rec
ord of the past week indicates that a
number of good deals have been nego-
tiated, while it is stated many others of
importance are pending, with assurance
that the papers will be signed up and
money paid during the present week.
Pickwick Apartments Sold
One of the most important deals of the
past week was the sale of Pickwick
apartment house on the west side of
Grand avenue, between Eighth and Ninth
streets, negotiated by Mines e. Parish,
which firm last week closed the deal for
the Belasco theater on South Main street
The Pickwick property was purchased
from Emily C. Hardaway by F. and Rosa
Eichenhofer, the consideration being $780,
600, the purchasers being represented by
the Arthur w. Kinney company.
The Pickwick is one of the finest apart
ment houses in Los Angeles. The lot is
81 by 165 feet, improved with five-story
stone and brick structure, yielding a
monthly rental of $500. Two years ago
the building was erected at an outlay of
$4,000. There are 210 rooms in the build
iprr tn ~
Changes in Business
The building permits statement for the
past week shows that no less than ITO
permits were granted for alterations to
buildings in various parts of the city.
Included in the list are radical changes
In the interior and exterior of the former
location of the Niles Pease Furniture COM
pany in the 400 block on South Spring
street, which is to be occupied by Harris
& Frank, the clothiers. The entire first,
second and third floors are being over
hauled and rearranged for the clothiers
who are to occupy the structure and make
an elaborate display of their goods Ele-
j va tor service will be provided.
The old Hotchkiss theater building
north of the Hellman building, is being
remodeled and improved for the opening
of the fall season. new entrance has
playhouse from the saloon and the res
taurant. The theater will open soon I'M
der new management
The rooms in the Douglas block lately
occupied by the Blackstone Dry Goods
company are being refitted for the use OF
Desmond, the halter and cothier, who
will soon vacate the quarters in the Ra-
mona block Desmond will occupy all of
the available space on the ground floor
in the Douglas block.
In the near future the Palace market
will vacate the corner room in the Ian
kershim building, on the southeast cor
ner Of Third and Spring streets, to take
possession of the corner room in Ramona
block to be vacated by Desmond. The
market space in the Lankershm building
including the restaurant on the east and
the Tannhauser saloon room on the south
will be used for the new home of the
Merchants National bank James JEFF
fries, who recently bought the Tam
hauser saloon, has secured a new loca-
ton at 326 South Spring street. That
room has been vacated by Dewey and 1t
is being fitted up for the new business.
Other notable alterations are in prog
ress in different parts of the business
district Provision has been made for an
entire new front for the Catalina hotel
property on South Broadway. The first
floor is to be occupied by business firm.