The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1908-04-18
ACTIVITY IN ALL
SECTIONS OF CITY
Demand for Downtown Bust
ness Sites Also Continues
and Outlook Is Bright

The most encouraging feature of the
real estate market is the healthy rise
IN values Of outside lands. 1t is as
serted by operators that lots which
were sold a year ago at Bakers beach
in the Richmond district and near the
park have steadily gained in public
estimation and are being disposed OF
today at from 10 TO 90 per cent in
crease.
The Pope tract is held up as an ex-
ample. Lots which were purchased for
$3.50 one year ago are bringing $500
and in many instances better offers
are refused by the holders. Again,
lots which in Bakers beach were sold
last October for $3.50 are being
bought for $3.50.
The meaning is that desirable lots.
properly improved, can never be a drug
sr the market. and that residential
property is steadily rising in value
This is most encouraging, as the nu-
merous suburban properties which have
within the last few months been put
on the market, il was believed, might
have had the effect of stopping sales
IN the city.
Another feature of the real estate
market is the building of homes. for in
ell parts of the city there are evil
dences that people are realizing the
importance of owning their own resi-
dences In the last week many per-
sons who have been living across the
bay have signified their intention of
returning to town. and the difficulty
encountered in securing houses suit
able to their tastes has led to inquiry
for buying and building.
Burlingame is still steadily growing
and Lyon & Hoag held a clearance sale
there last Sunday and disposed of a
great number of lots. In fact all
along the peninsula operators report a
healthy upward movement. and the new
tracts which have been opened up bid
fair TO be built upon within q short
time Umbsen & Co. speak favorably
OF the work that is being done on the
Croker tract and the interest taken
IN Parnassus heights and Parkside.
DOWNTOWN MOVEMENT
There is no cessation to the move
ment downtown. and scarcely a day
passes that some of the old and well
known stores are not being established
in the old retail quarter. The near
approach of the feet has given a de-
cided impetus to this movement, as
merchants realize that the only chance
of doing business during that time is
downtown. The encouraging reports
Of a big travel to the coast has COM
PEELED many store keepers TO order
AEFAGlA. WHICH mas enllNGn6O l0e miner
10 sluggish current Of business.
Offices are being rented easily in
buildings which have advantages to
offer. and where leases are reasonable
there is no hesitation on the part of
merchants to close the transaction.
So marked is the prosperity OF the
city 10 outsiders that a real estate
man said that during the week two
men who had been visiting the city.
fn+ - in
Alaska assured him that in the fall
when they returned from the north
they would buy and build.
The hotel situation is reassuring.
There need be no fears entertained
that the city will not be able to take
care Of strangers during the expected
rush as it Is estimated that there
viii be $4,000 rooms ready for visitors
by the time of the arrival Of the feet.
The district bounded on the north
by California and on the west by Jones
and south by Ellis is beginning to
receive considerable attention, and
many houses have been commenced
during the last few days Most of
the buildings are private dwellings,.
which shows that owners are intend
ing to re-establish their houses on
their old sites.
LEASES ARE INCREASED
Harrigan. weidenmuller Rosen-
stirn report the following leases con-
summated during the week:
For Gore improvement company to Sylvan
Selig. stores at 80 and 312 Market street.
Sherwood building 10 years at rental Of S33, 300.
company store at $50 Market street Sherwood
building. 10 years at rental Of $S4.s00.
For Lichtenstein realty company TO Napa win
cry. store at 254 Market street, five years at
rental Of Sl3,20O.
For J. G Barker c. E. Knickerbocker and
II. K BOstwick. store and basement in Rincon
buildin0. l45 Second street, i've years at
For California Pacific company to James
Barker OF Philadelphia, store at % Turk street,
Two years at rental Of $500
DEEDS RECORDED IN BIG DEAL
Deeds were recorded yesterday from
the FairmOnt hotel company. Inc. to
Mrs. Theresa A. Oelrichs, conveying to
her the FairmOnt hotel. At the same
time a deed from Mrs. Oelrichs to Hart
land Law for the Rialto building was
also recorded. and deeds from Mrs. Del
richs TO Hartland Law and Herbert E.
Law in undivided interests to u blocks
OF the well known Fair estate property
running two blocks wide from Webster
TO Steiner streets and from Francisco
street north six blocks to the bay. The
closing Of this deal is a matter of con
siderable interest as it is the largest
real estate transaction ever consum
mated in this city.
The original trade of the Fairmont
hotel by AIRS. Oelrichs 10 Herbert E.
Law and Hsruand Law just before the
fire OF 1906 was made upon a basis of
100000. The basis Of the present deal
was much larger by reason of the loss
IA the fire and the fact that $500. 900
was spent on it since the fire by the
Laws. The rebuilding Of the Fairmont
by the Law brothers was one of the
largest single pieces of work under
taken IN this city after the fire and
credit for the money, energy, resource
fulness and pluck they displayed is GER
tainly due them. The hotel was opened
one year after the fire as to a large
portion OF its rooms. and today. the sec
ond anniversary of the fire. finds it fully
completed and occupied by the Palace
hotel company, the lessees. Thomas
Magee e. Sons negotiated the transac-
ton.
MARKET IMPROVES
D. Coffin & Co. the Mission real es-
tate firm, report that the real estate
market continues TO improve and
things viii soon be back to their
old standard Since the first of April