The San Francisco call., 1909-09-04
EVENTS BORDERING ON BAY OF SAN FRANCISCO
BUSINESS BETTER,
REALTY MEN SAY
Various Elements Combine to
Cause Improvement in Fall
Market Conditions

OAKLAND. Sept 3.--Oakland's real
estate men report this week that the
faIl improvement in business, carrying
with II an Increased demand for prop
erty and a stiffening Of prices, is now
well under way. The return OF fami-
lies from their summer vacations ex-
plains part OF this Frightening, but
dealers generally say that wide
movement for the better independent
OF temporary conditions is apparent to
them.
AS indications of this active move
1nent they point TO the plans Of the
Oakland Bank of Savings to put two
stories on its new building at Twelfth
and Broadway; the steps taken recent
ly by the directors of the Bankers no.
tel to go ahead with the erection of the
fine hosiery they planned for Oakland
and the raising of prices and the sell
ing of much property in particular
tracts.
OFFICES IN DEMAND
The decision of the directors of the
Oakland Bank Of Savings to make their
building two stories higher comes as a
reply to q long felt want. For the last
three months Offices in Oakland in new
buildings have been almost impossible
10 obtain. though rents have not been
unduly high. Work on the construc-
tion OF the two additional stories to
cost about 500. 600 will begin shortly.
AS for the Bankers hotel the di-
rectors have decided to hold an i'm
portant meeting at the Oakland clear
ing house September IA. at which time
bids for the steel work will be asked
for. The plans Of the hotel have been
revised.
Other elements that have had their
part IN bettering the real estate mar
ket both for residence and business
property have been the projects to i'm
prove the water front. which is being
brought nearer; the imminency of the
operation of the western Pacific and
the extension into outlying districts OF
transportation lines. In this latter re-
gard Elmhurst has been especially for
tunate during the last week. The flrst
Southern Pacific train up Jones avenue
ran last Sunday. Since that time much
property has been sold in the Stone
tract, according to Randall. Trowbridge
& Wright. who are selling that tract.
The new line gives Elmhurst a ferry
service to San Francisco that is 20
minutes faster than il has had hereto
fore.
BRoADMOoR PROFITS
Broadmoor, tract that is only a
short distance away. has also profited
greatly by this extension of the ferry
system Of the Southern Pacific. The
Frank K Mott company, which is
handling this tract, reports many re-
cent sales. The same company also
reports activity in Grand Avenue
heights. This is a tract that has ap-
pealed especially to purchasers of
carline is responsible for much of this
activity.
E B. Bull. manager of the Frank K.
Mott company. said that the street
work in Grand Avenue heights was
being rushed with all possible rapidity
and that already several of the streets
were practically complete and that
about Is or IS homes were being oc-
cupied-the residents Of which were all
benefited by sewers, electric lights,
telephones and are keeping the public
service Improvements well ahead of
the building so that those who bought
70 build might have full advantage of
sewers, water and light as soon as
their houses were up.
LOWER BROADWAY ACTIVITY
With the building of the Western
Pacific station at Third and Washing
ton streets, and the promise of i'm
provement that awaits the estuary
front, a reaction has set in in the
section OF Oakland known as lower
Broadway. An indication of the ac-
tivity. III the lower Broadway section is
the obtaining Of a building permit by
Mrs. Agnes Borland, in Broadway,
north of First street This building
IS to cost s1S.266. It will be used as a
lodging house. Warnecke & Michels
recently secured a permit to build a
three story building near by.
Building Of residences has received a
stimulus. Bungalows especially have
seemed popular OF late. ]. Gather New
som is designing number for erec-
tion in the Claremont section.
BUILDING PERMITS
g Following is a summary of building
permits applied for during the week
as compiled by Walter B. Fawcett. Sec
retary Of the board of public works: