The San Francisco call., 1907-02-11

renewal OF activity IN the local realty
market which surprised even the most
optimistic OF the Oakland real estate
dealers. II seemed as If investors had
simply been waiting for the sun to
make its appearance TO give real estate
men all the work they could attend to-
During the latter part of the week
many deals have been closed and a
large number OF sales reported.
The coming Of the first spring days
has also given q new impetus to build
ing operations. although this latter in
dustry was little affected by the heavy
rains of the last month, there being
many buildings so far advanced that
work was continued without any inter-
ruption- During the last week permits
have been issued by the Board OF Pub
lie Works for the erection OF new build
ings the total value OF which is more
than q quarter OF a million dollars.
The largest deal OF the last week was
the transfer Of q corner rot on Broad
way, near Twenty ffrst street Al
though the details OF the transaction
have not Yet been made public and will
not be until the deeds are filed for rec
ord. II is understood that the property
has been secured by the new realty
syndicate headed by NJ T. Minney. The
price paid for the property was ap-
proximately 100000.
OTHER IMPORTANT SALES
The Holcomb Realty Company re-
ports another important sale. that OF a
large lot on Frlitvale avenue TO the
Southern Pacific Company. the price
paid being $4,000. The lot sold occu-
pies an entire block and IL is under
stood that II is 20 be the site of large
power plant, which viii furnish power
for the electric railroad system to be
installed by the Southern Pacific Com
pany. Harry Holcomb, president of the
company through whose offices the sale
was made. reports transfers of property
totaling in value $450,ooO last week.
Another large sale concluded last
week was reported by A J. Snyder, who
sold eight fats on Eighth and Fallon
streets to II. Blais for p. o. Rinde. The
price paid by the purchaser for the
property was about SIS. 900. Snyder re-
ports a number OF large deals now
pending which VIII probably be closed
early this week
George W. Austin reports the sale of
three fats on Eighteenth street, be-
tween San Pablo and Telegraph ave
nues, which were sold TO A. w. John
son. for D. Johnson and A E Young.
The purchasers paid $4,000 for the
property. -Four fats on Nineteenth and
Castro streets were also sold last week
through the efforts Of Austin, being
purchased by J. D PaEmore for $25,0oo.
and another important sale reported by
the same broker was that OF a house
and lot on Twentieth street, between
san Pablo and Telegraph avenues,
which was purchased by Mrs. J. 81
Powell for $500
WATER FRONT DECISION AIDS
Discussing the present condition Of
the local real estate market, and the
outlook for the spring and summer.
Austin said:
Nothing could have given Oakland greater
boost than the decision Of the Circuit Court
establishing the fact that all railroads can have
access to Oskiand's tidewater. For hfty years
Oakland has been seriously handicapped
Eeven miles Of deep water frontage has been
tied up 70 the great detriment OF the owner OF
estate market has Of course suffered more than
any other. and although this city was fast es-
tablishing herself as metropolis before this
decision came Il viii act as tremendous in
centive 70 stin further progress and develop
meut
Ii is impossible 10 estimate the value Of real
along the water front that belongs 10 either
the city or The State OF TO estimate the tremend-
oos increase u value that viii accrue 10 every
property within the belt Of activity that is
foeefber 10 other eitv h the Union looks so
good % to-day Oakland-there Is abso-
lutely nothing 70 prevent oUr proving 70 be the
Chicago OF the West. It IS useless 10 waste
sily surround this city-we all know OF them.
But now capital viii come here by millions
70 build railroads, 70 establish new industrial
centers. 70 inaugurate maritime commerce and
70 boldly push forward all those things that
make cities great.
7 do rot wish 70 appear too optimistic but
! nav say that in my office alone Is listed not
less than one million and q half worth OF prom
erty Affected by the opening up Of Oakland 5
water front.
BIG PRICE FOR A LEASE
one Of the best indications of the
rapid advance in the value of Oakland
business property is. furnished by the
terms OF a lease which has just been
secured by B. Bercovich on the build
fng al the southeast corner of Broad
way and Twelfth street. BY the terms
o. the lease Bercovich viii pay a rental
Of s311.e0o for the building, for a term
p OF ten years and eight months.
The organization Of another new
bank for this city has been completed
and viii within short time be in
stalled in the quarters which have been
secured at the southeast corner OF
Broadway and Eighth street Chief
among the organizers of the new fnan-
cial institution are H. B. Belden. Frank
". Bilger, John J. Haines. Ben F. Wool
ner. Al Kendall. z. r. Tut. Judge
George Samuels, Nicholas Owens and
T J. Thompson.
The new bank viii have a capital
stock Of 5000. 900. s125. 600 of which will
be paid up when the bank is opened
FOR business This is the third bank
10 be organized in Oakland within a
year.
The Young Mems Christian Associa-
tion has completed deal for the pur-
chase Of q lot on northwest corner OF
telegraph avenue and Twenty first
street. on which il is purposed TO erect
in the near future a handsome build
ing for the use Of the association. Plans
for the structure have not been COM
pleted. nor have the details of the pro-
posed building been decided upon.
An important sale OF residence prop
erty recorded last week was that OF a
lot so by 80 feet, on the southeast cor
ner. OF Telegraph avenue and Thirty
fourth street. which was purchased by
Fred s Osgood, from NJ. Gallagher, a
resident Of Eden township. The price
paid by Osgood for the property was
$4,000 Osgood has begun the erec-
ton OF a sl3, 600 home in Piedmont.
ACTIVITY IN BERKELEY
BERKELEY. Feb. lo.--Fine weather
has given the realty men the oppor-
unity long desired TO show desirable
properties 10 intending purchasers. and
automobiles and carriages that have
rsf. com nc "a ffxefy idle during the II a.