The San Francisco call., 1909-11-06
BLYTHE PROPERTY
BRINGS $5OO,OOO
ifelImans Get Highest Price
Ever Paid in Gty's History
From S. Chamberlain

The most important real estate deal
of the last week. and in fact the Iarg-
est .esl estate sale that has been made
sn san Francisco since the fire, has
been consummated by Harrigan. Wei
aenmuller & .Rosenstirn. The sum Of
s500.6A0 was involved in the transac-
fion. The property that was disposed
Of is part OF the Blythe block on
the nosthwesterly line of Market
street between Kearny and Grant ave-
nue. having frontage OF so feet in
Ms rket street and 80 feet on Geary
The seller IS the Bankers investment
company and the purchaser is selah
Chamberlain.
HEELMANS ARE SELLERS.
The Bankers investment company is
composed or the Hellman interest. An
tone Borer & co. the slosses and the
Gerstles. ]. Il. Hellman Sr. is presi-
dent of the company and major stock
holder and The negotiations were car
rieG on through him. This property
was purchases nine years ago from
the Blythe people and has been one
81 the most contested holdings in san
Francisco, il having been fought over
continuously for nine years by supposed
heirs trying TO get title, until finally a
judgment was rendered in favor of the
Bankers Investment company by the
United States supreme court.
The purchaser will erect building
on this property in keeping with the
location. and Harrigan. -Weidenmuiler
& Rosenstirr report that they have
q number Of tenants already who are
seeking TO locate in This block.
Chamberlain is a very wealthy man
ard has most Of his interests in the
southern. part of the state. but when
he heard that choice piece of prop
erty like this was for sale he quickly
grssped the opportunity TO purchase
tEis. holding.
MEANS DOTBLE IMPROVEMENT
=. 7. W. FfelIman. who is president Of
the Bankers investment company, says
that the money derived from this sale
wili. be used in improving the balance
of the :coDpany's holding in this block
on the corner OF Market street and
Grant avenue the Union trust company
of san Francisco is erecting $1,000, 600
building and when all the improve
-nients contemplated on this block are
CGmpleted il win be the finest built
Np block in Market street
This property figures $4,000 per front
5oot and is the highest price paid for
Ioperty in the history Of San Fran
cisco.. Hellman stated that this prop
erN would not have been offered for
ssh.except that the company was de-
siroIs OF improving the remainder OF
its property in this block. which will
be lone Immediately. By the time
Chamberlain has completed the build
ing and paid over the purchase price
Of the property IT. viii bring his total
investment close TO s1,O00O0o.
TWO BIG NEW IMPROVEMENTS
Matters have been put in shape for
the construction of two very important
buildinrs. Last Monday the San Fran
cisco savings union secured actual pos
session II the site for the erection of a
splendid ba Irking building at Grant
avenue. O'Farreu street and Bagley
place, ard is clearing the ground for
the new structure.
The csntract has been let for the
construction Of the Pacific Union club
building on Mob hill which will cost
about $4,000 The. clubhouse build
ing will utilize the old walls of the
Flood mansion. Under the terms OF
the contract the club building must be
completed within eight months.
The tan Francisco brewers limited
has bought a number OF lots in block
No. 2s, Lskeview. which adjoins the
rscetrsdz on the east al Ingleside.
The proposed new building law,
which has been a subject OF some dis
russion. viii. be considered by the San
Frsncisc, real estate board during the
coming week.
At = meeting Of the advisory COM
nirtee 2 appointed b.. tne building com.
rnirtee OF the board OF supervisors TO
consider snd recommend amendments
10 the present building laws of the
city. last Thursday night several promi-
nent members Of the real estate hoard
were present, unoficially. They went
there for the purpose OF hearing what
was said. $50 that the board that they
represented might have the benefit of
TIRE fullest possible information con-
cerhing the views OF those vino were
IN. attendance. A long review of the
provisions Of the proposed law was
published in The Call recently.
NAY AMEND BUILDING LAW
It il probable that an amendment will
be adopted: by the supervisors so that
the board Of works viii not issue per-
nits until the board of health has ap-
proved plans regarding plumbing and
Fanitarv features in the construction OF
eew buildings. It is also probable that
he supervisors win recommend that
'iass c. buildings may be carried up
tons that have been made, together
With all recommendations, will un-
dsubtedly. be considered by the expert
srelty men in the realty board, who
re.resent the interests of San Francisco
red property very largely