The San Francisco call., 1908-03-14

and Kearnv. and when finished viii
street from Powell east is making
splendid showing and before the eX
piration of many months will be one
of the handsomest thoroughfares in
the country.
An IMPORTANT LEASE
The MeCreery property at Pine and
Davis streets, upon which formerly
stood the Eagle block, occupied by Ba-
ker & Hamilton for more than 30 years
prior TO the fire. is to be improved i'm
mediately with a five story and base
ment reinforced concrete building. The
property is owned by Richard 5. and
Walter A McCreery who through
Baldwin G. Howell. have made lease
to Tillmann & Bendel of a building OF
the character and dimensions stated,
covering the corner portion of the
property, and having a frontage of so
feet in Pine street, with a depth OF
1870 in Davis.
Negotiations for the lease was
opened three or four weeks ago by
Tillmann & Bendel, through the agency
OF Thomas Magee & Sons. which re-
suited in the signing of the lease sew
eral days ago.
Macdonald & Applegarth have been
selected by the McCreerys. and these
architects have now completed the
plans, which have been fully approved
by all of the interested parties, and
q contract has been let for the con-
struction OF the building The work
viii be commenced in 10 days, and the
contract provides that it shall be COM
pleted within five months. The lease
is for a period of 20 years. and the
total amount OF rent 10 be paid during
the term is nearly 100000
WILL AUCTION LOTS
G. H. Umbsen & Co. announce that
. in view Of the great activity in the
Parnassus heights district they have
been instructed by the owners to offer
all the remaining -unsold lots in the
five blocks bounded by Fourth and Sew
enth avenues and I and K streets at
public auction in their salcsroom. 20
Montgomery street. Saturday afternoon
April 1, at o'clock The lots referred
to are situated just south of Golden
Gate park and command a magni ficent
and panoramic view of the park city
and ocean. The street work, includ-
ing water and gas. has all been COM
pleted and accepted by the city, making
the district one of the choicest resi-
dence portions. AS this will be the
that vicinity it will arouse a great deal
Of interest among prospective home
builders and investors.
The firm reports the following list of
sales for the week:
For B. s. Hays. lot in Hyde street south Of
Clay 5000; for s. Altshuler, lot in Lombard
Fifth avenue south Of ] street 81 200: for Moses
Ellis. lot IN Lake street east of Seventeenth
avenue. 81 800; for Moses Ellis lot 10 Lake
street east OF Seventeenth avenue. 81 COO: for
Moses Ellis lot at Eighth avenue and California
street. $3.50; for Moses Ellis. lot in Eighth
.af Na1f 10 g e.
Moses Ellis lot in Seventh avenue. $50 feet
south Of California street, 81 600; for Moses FL
street, $1,000; for City really company. lot at
Second avenue ana Hugo street, S4.250; for
Of California street. 81. 800; for George W.
Mitchell. lot in Clay street east OF Mason.
$1,000; for Sheppard estate company. lot in FL
bert street east of Fillmore, $1,000; for City
realty company, lot in Fifth avenue north Of ]
street s2,25o; for NJ f; Logan, lot in Ashbury
5000. - . 0'a' ''''
Shainwald. Buckbee & Co. report
fair week both in their selling and
leasing departments. The demand for
lots IN the residence district. compris-
/ Ing Presidio heights and Richmond. es-
/ pecially. showed a marked increase
/ Also inquiry faf flats from $4,000 to
/ $4,000. Among the sales made in the
T past week and ready TO report are the
following:
I For H B. Banding lot and improvements in
Capp street south of Twenty fifth So 600: for
2. A. Mcdonald. lot in Greenwich street east Of
Webster. s.. 500; for Mrs. Alice Austin. lot and
I improvements at Fourteenth aud Walter streets.
ST.. 500; for San Francisco land company. lot in
Clement street west Of Ninth avenue. $500;
/ for Spring estate company 10 j. Fl. Olcovich, lot
IN Lombard street east of Devisadero. 81 800:
I for Spring estate com pany, lot at Lombard and
Devisadero streets. $3.50: for Lobenstein &
Stern. lot in Jackson street west Of Jones.
/ So coo: for J. NJ Bourne. lot Z. block 364 lot s.
/ block z01 and 9ot 10, block 403. of South San
Francisco homestead and railroad association,
east of Broderick about $4,000; for J. B. Han
sen. lot and Improvements in Twenty-seyenth
avenue near West Clay street $500.
Lot IIe, in Cushing's subdivision of Blifhedaie
MN Valley. for $500. and lots 1876, in the
same subdivision. for $500.
The firm also reports that it's loan
department has been active 1t placed
one loan of 100000 the early part of the
week and five or six others ranging
from $4,000 10 $4,000. These sums
were loaned on first mortgages at per
cent net on improved real estate. on
the usual bankers valuation on loans
There is quite demand for money for
both large and small amounts at these
rates.
Edgar Painter received a telegram
yesterday from Washington stating
that a hearing for the appropriation of
the new federal and subtreasury build
ing will be arranged for next week
He said he would leave Immediately,
representing all the commercial or
ganizations in this behalf.
BAKERS BEACH
Lyon & Hoag report an active de-
mand fol building lots and especially
for the. property located in the vicinity