The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1909-11-13
BIC DEAL IS
PUT THROUGH
THIS WEEK
John Davis & Co. Say
There Is Opportunity for
Cheap Flat Buildings in
Seattle.

For a consideration ~ tl75000
cash. Frederick K Strive pur
chased. during the past wo,k.
through John Davis 4 Go, the
property on First ave known aH The
Wadsworth building The building
has sixty foot frontage on First
ave and is located just north of
Madison st.
Three hundred and fourteen thou
sand acres OF rich Orcgan land. Doc
longing 10 The state Of Oregon. haa
been placed on the market by the
state authorities through Calhoun.
Denny a Ewing Of Seattle The
price asked for this land ~ $40 per
acre. which includes the water
right
The contract for installing the
irriFhtlnR SYSTEMS will be- iet boz
the state. and only three months
residence IL required And th.a
tire" months may bc filled out at
any time within three years The
tract ia located ln tho Tres Chutes
valley. IN Central Oregon.
Want Seattle Securities.
Calhoun. Denny a. Ewing. who
recently added stock and bond
department 10 handle the paper OF
local Institutions, report most ~
cellent business since the begin
ning 81 the new departure.
They comment on the great in-
lereat shown by Eastern investors
for Seattle securities and are much
pleased with the rcsult ~ the bust
ness as far az u has gone
According % John Davis q Co. a
il,lle speculative buying is being .n-
dulged IN az present IN the regrade
section of the north end. "At pres
emit" said A =. Hlll. manager OF
the real estate department, 20 is
limited 10 the section south 81 Den.
ny way and east ~ First avenue.
bat Il 10 inumaied that The actiF.
ity will reach farther north.
District Leveied OFF,
The reason FOR this interest
taken In the north end IL very
plain IN the first place. the dis
trlet iH being rapidly levelod of
even aH far back an Battery or Wall
streets. where the grades meet
In the second place. the owners
~ property an upper Second and
Third avenues have sufficient faith
IN tho district 20 put up firstclass
buildings No pioneering methods
are attempted here
Outside ~ this speculative feat.
ure. The market has not developed
any unusual demand FOR any partlc
ular class Of property The city
has received So fun share 81 busi.
ness aud office buildings II has
number 81 hotels select apart.
meni buildings aud it, aristocratic
homes. but Il still lacks IN some
cases
Cheap Flat Buildings Needed.
Seattle has grown 70 be a big
city. and the time has arrived when
certain percentage 81 the popu-
lailon wlll be poor people. who Will
find a difficult 20 pay the rent
asked for some Of our flatE by the
property owners. and who vii find
Il still harder TO buy one Of the
poorest residence sites offered
Provision must be made for them
More cheap flat buildings are need
cd. and they are not bad invest
ments. after all. This firm. for IN
stance. has had considerable de
mand for small investment proper
-, varying in value between $4,000
and $4,000 II has been hard 10
weed out good investments OF that
class and az those figures"
Ole Hanson a Co. who have de-
voted great deal Of their time
I'm the past year plating acreage
announce that they are now in a
position 10 handle. IN a more com.
plets way city real estate. They
have engaged four well-known brok.
ers. and Will push their city bust
ness In the same manner as they
have their country acreage
We have devoted great deal
OF our time 10 acreage. and Il has.