The San Francisco call., 1909-12-04

LARGE BUSINESS
DONE IN LEASES
Local Realty Market Maintains
Firmness, Due to the Conf
denCe of Investors

ARGE leases are multiplying. The
Inumber of these contracts for long
-~ time holdings OF properties. COM
manding large rentals, is on the in
| crease. Various enterprising real es-
tate brokerage houses have been doing
good business in the leasing direc-
! tion in the last two weeks. The gen
eraI conditions. chief among which is
the filing up of breaks in the impor-
tant business centers, increase conf
dence and a good feeling concerning
the immediate future of San Francisco
realty. From every important broker
age house in San Francisco the verdict
is given out that realty matters are
| certainly improving.
1t is easier to make sales involving
large sums of money than was the case
not long ago. 1t is much easier TO
effect leases involving large eonsidera-
tions. The reports of architects con
cerning the work in their offices on
private account involve the expendi-
ture of great sums of money in imme-
diate construction.
BLYTHE BLOCK IMPROVEMENT
The month Of November. Just closed,
/ is declared by the brokers to have been
highly important in the matter of real
estate dealing. a sign of the times is
found in the announcements concern
ing the building UP of the Blythe block,
which has long been rated as the most
valuable block of real estate in San
Francisco. The only remaining break
in the Grant avenue side of that block
is about TO be closed by the erection
of a costly three story structure of
handsome design. This adiOins the
Union trust company building on the
north.
The contracts for building construc-
ton that have been recorded are eVi-
dence that the owners of properties
outside the fire limits have confidence
that there will be a demand for the ac-
commodatiOns to be supplied by the
erection of many flat and apartment
houses At the same time plans for
hotels continue 10 be made, these to be
erected inside the fire limits, where
the costs of construction are necessa-
rily higher
THE RICHMOND DISTRICT
A stir is likely to be occasioned in
the Richmond district by the state
ment that the important corner at
Clement street and SEVENTY avenue
may be sold by the Richmond ConSre-
gational church. The lot extends third
of the block in the south line OF Glen
ent street from the westerly line or
Seventh avenue When the lot was
purchased for the church structure the
Clement street block between Seventh
and Eighth avenues was cOmparauVely
little buflt up with stores According
to the rumOr an option has been Sc
cured for the sale of the property De
longing to the congregational church
on a basis of something like 500 .
front foot. II a deal is made several
Iaroe stores may be erected at that
point.
Deals of Importance have just been
erected that will shortly be made pub
lie. strong speculative interest ~
future values is increasing Men on
money see that the growth OF the CITY
is assured and that the improved cisass
of construction in all business sections
ia in itself factor to attract buyers
to well situated realty
The actual beginning of traffic op-
Grafton by the Western Pacific railroad
has been an important factor IN the
local real estate market. The trace
territory thus opened for exploitation
bv. San Francisco includes some OF the
most fertile sections of the state
BOOM FOR THE STATE
Revond a doubt the Western Pacific
will do it's share toward bringing thou
sands of cOIonists into California. With
the main line in operation. this new
transcontinental system will immedi-
ately begin the construction or brancn
roads to serve as feeders
Local interest is strongly manifested
in three business sections OF the city
because of the efforts of enterprising
merchants to secure commercial ad-
vantages that can be brought about BY
concerted action and enterprise.
The promotion association OF the
Mission and the merchants of Fillmore
street and the Stockton Improvement
association are all actively and intel
ligently moving along lines calculated
to bring permanent and large benefits
TO their very extensive neighborhoOds-
When the account Is summed up at
the end of another year it will be found
that these workers in the local field Of
enterprise have accomplished large re-
suits.
Work will begin without delay on
the grading OF Beale street to a level
for two blocks. and with this will so
the construction of a bridge across
Harrison street. The time for protests
has expired and no obstacle can he
thrown in the way of the work The
supervisors have passed a resolution
providing for the payment OF the new
site of the Lowell high school in the
block bounded by Masonic avenue,
Hayes, Ashbury and Grove streets.
PAYS S55.OOO FOR