The San Francisco call., 1909-11-13

ACTIVITY MARKS
REALTY MARKET
Large Leases Now in Greater
Evidence Than Big Prop
erty Sales


rumors current in all the local realty
brokerage offices Of deals OF good size
some OF them in six figures, that are
liable to be made public at any time.
'fhe conservatism and care of skilled
rcaltymen prevents them from max
ins public that which would be of gen
ersl interest until the transaction in
which they are Immediately concerned
is tied up fast and tight beyond any
possibility of a slip. Hence it is that
some large deals are conducted with
sn air Of mystery and the facts are not
known fully until record is made, or
- least until the papers are ready to
DE made a part of the public records.
That which has been current for some
weeks. 10 wit, the general opinion that
sl the conditions relating to realty
are steadily improving. not with undue
rapidity. but nevertheless with enough
advancement to show lettering condi-
lions from week to week. is still main
tsined. There appears now to be no
difficulty in the way Of securing sufH-
cient money with which TO build or to
invest under favorable and safe condi-
tions. The scores Of millions of dollars
which will soon be released in this
state a 3 the results of the sales of the
large crops OF this year should serve
10 stimulate local enterprise. That
such viii bt the effect is the opinion
Of leading realty brokers and also Of
bankers who are concerned in loaning
money on the securing OF real estate
ACTIVITY FEATURES MARKET
The large number Of important sales
in O'Farrell street. to which attention
was called some time ago. indicates
condition which is liable to be repeated
in other sections adjacent TO Market
street. The new period Of theater con-
structiOn. which was indica ted byra re-
cent leases that have been reported. and
the determination reached by the city
authorities concerning the construction
of the Polytechnic high school and the
selection Of site for the Lowell high /
school viii result in the expenditure OF
something like sI00O.000. A very large
part Of this sum win go for wages all
of which viii tend to make money
easier and viii probably result in an
increased demand for installment lots
and for small homes within the reach
OF wage earners.
An announcements made some time
ago that the park commissioners would
improve the north line Of the Golden
Gate park along Fulton street offers
additional inducements for purchasers
along the line OF the newly constructed
electric road to the beach, which viii
soon be in operation.
An announcement Of general business
Interest is that the new Palace hotel
viii be opened about the middle OF De-
cernber- The mana cement is busily en- 1
gagged in getting ready for the event !
All the stores in the Palace hotel struc- 1
ture have been leased and several have !
been opened and are doing business. |
when the Palace is i'm operation the l
guests visiting IL will increase the vol |
ume of downtown business. This is the !
first hotel enterprise OF the first class /
10 resume business east Of Kearny /
street since 1906 There have been ru- 1
rnors at various times Of an attempt to 4
lease the Lick building in Montgomery /
street and to convert IL into a hotel. /
Montgomery street formerly supported I
three large hotels. the Lick house. the 4
Occidental hotel and the Russ house /
certain classes OF patrons inevitably 4
gravitated to their favOrite house |
whenever they visited this city, either |
on business or as tourists.
There are no immediate signs OF
The construction OF any first class /
hotel of large size in Montgomery
street IN the absence Of such struc- I
lures the downtown hotel business of /
tho better class viii go very largely to /
the Palace, which will tend TO en-
hance the Importance of certain |
Market street Since 1906 the hotel con-
struction has tended westward from 1
Kesrnv street, and in this westward |
area is a large proportion OF the ac
cor1modations offered 20 10000 guests
which the city is capable of supplying.
BIG PROJECTS DISCUSSED
Two large projects are seriously dis
cussed in certain quarters. The first Of
these is the auditorium, to be con-
structed OF sufficient size to satisfac-
torily house national conventions or
great local gatherings. in the center of
the city. This is a matter which the
san Francisco real estate board has de-
cided 10 take up and to promote as Wig
orously as possible. In the real estate
board there are enrolled so many prom
inent owners OF land and capitalists,
with a large active membership OF real
estate brokers OF influence that il is
inconceivable that progress shall not
be made in the near future in this d.
rectlon.
The second proposition is the con-
~ modern and luxurious in it's appoint
ments, to make it possible TO have
grand opera seasons and the like under
the most favorable conditions. There
arc still many large unoccupied real
estate holdings in San Francisco that
are entirely suitable as sites for either
= convention hall OF the first class or
for q grand opera house.
The decision Of the supervisors TO es-
tablish the new Lowell high school
building on the block bounded by Ma
sonic avenue and Hayes. Ashbury and
Grove streets makes the Western addi-
tion section very strong in educatio
facilities. II viii be the site of the two
important buildings TO be known as the
Lowell high school and the Polytechnic
high. 1t will also boast OF the girls
high school. TO be erected on the old
site bounded by GesrY. Scott and OFar-
rell streets. Immediately adjoining the
III milton school on the west.
Attention is called to the improved
architecture visible in the erection of
4partment houses and flats, as well aS
n the large business structures that
are planned or being built, as typical OF
the new order Of things in San Fran
cisco. J..