The San Francisco call., 1907-03-09

street. between Montgomery and Kear-
ny. The bank will remain IN it's pres
ent temporary quarters in the old Par
rott building, corner California and
Montgomery. until the expiration of its
lease from the PARROT estate, when II
VIII erect & class A structure on the
lot just purchased. The property in
question was purchased subject to a
lease. which has some time to, run.
The property has three frontages-
Grant avenue, O'Farrell street and Bag
ley place in rear. which is thirty-four
feet wide.
The real estate firm of Thomas Ma
gee & Sons represented the purchaser,
while Baldwin & Howell represented
the sellers.
LAST MONTHS DEALS
According to the Real Estate Circular
published by Thomas Me ee & Sons,
SOS sales OF realty were recorded in the
month of February, showing a total of
s4.57S.4s3. This is by $4,000 the larg-
est monthly total for any month since
the fire and is notable for two reasons.
First that there was no very large sale
70 swell the figures and. second, that
February was a short month.
Thomas Magee d Sons point TO the
figures for the 50-vara section, amount
ing 70 $l,3ss.Soo. which show heavy
increase over all other months and say
they indicate a return Of purchasers TO
this section, which includes the best re-
tail business and banking locations IN
the city" Especial reference is made
TO the lease OF the White House OF the
Sullivan property on the southeast cor
ner Of Grant avenue and Sutter street
and the lease made by them as the
agents OF the Bankers Investment
Company and the firm Of I Magnin &
CO uf nd hn nj build
ing 20 be erected at the southeast cor
ner Of Geary street and Grant avenue,
100 feet front on Geary by 100 feet
front on Grant avenue.
The building is to be known as the
''Magnin building" and viii be occu-
pied by this firm. The lease runs for
twenty years and the building is to be
occupied by the firm as soon as 1t is
completed This property IS part Of
the Blythe Block, which is owned by
the Bankers Investment Company, the
/ syndicate headed by J. W. Hellman,
which purchased the block in 1901. Be
fore the Ere this site was occupied by
Weinstock. Lubin & CO.
LARGE SALES MADE
Nearly $1,000. 900 was involved in
eight transactions last month near the
block bounded by Post, Sutter. Kearny
streets and Grant avenue, which are
detailed as follows IN the Circular:
The north side OF Post street. 90 feet east
Of kearney, T7i5 feet front by l22h feet deep
70 Yer Mchr place. on which the frontage is
BIZ fett, was sold IN trade for S825. 900. The
place between sutter and Bush 60 by lSl. wes
sold for $40 600 The south side Of sutter
street between Grant avenue and stockton, 50
BY 40 less 25 BY 90 in rear. sold for Sl25 ooO
The west side OF Kearny. 1871 north Of Sutter.
So12 by 6Oh, was reported sold for $4,000. The
north side Of Sntter street Y g feet east OF Grant
avenue so by 60, sold for $4,000 South
side Of Sutter street, l5b feet east OF Stockton
street. ~ By 120. Was sold for S54, 600, and the
z5xI20. was sold for $4,000. The northwest
corner Of sutter and Powell streets, 25xso1s,
In the ioo-vara district a little less than
half a million in sales IS the record OF the
month while in the Mission and Western Addi-
tion the figures exceed the average for the
/ period since the Ere. In the Mission two large
I and Brosnan streets. between Thirteenth and
Fourteenth streets. I60x2S0 In size. was sold
street, 1908 north Of Fifteenth i5sx19l. was
sold for S45 600.
Building operations recorded in the month Of
brick. 81 36S OIL; alterations, SloS.e2i; total
s4.355,5l3
AN IDEAL CITY
The Leland Improvement Company
was organized recently for the purpose
of building an ideal city near the cam
pus of the Leland Stanford Jr. Univer-
sity. The company has purchaSeQ q
about 1000 acres contiguous to the rail-
road and extending in a level plain two
miles, 10 the bay. The capital stock
has been placed at $4,000, 600. and this
amount apprOximates only proposed ex-
penditures for actual improvements and
utilities. These include a hotel of $50
rooms, to cost not less than three
quarters OF q million dollars; a city
hall a public library. gymnasium
baths thirty-seven miles Of street
grading, gardens and wharfage for
shipping, and an automobile system of
transit There also viii be built mills,
brick and tile plant, a complete
water system, gas, electric light and
power plant. The capital stock is is
sued in 100000 shares Of $50 each par
value Six per cent interest is guar
apteed to investors IN the stock of the
company. All money derived from the
sale of lots and from the various
other operations. less actual expenses
for operating, viii be added to the