San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1926-01-17
REALTY LEASES
AND SALES At
BEST IN 1925
Big Property Transactions
First Steps in Giant
Building Campaign.
By PAUL ADAMS

As for the selling. leasing, and i'm.
proving of San Antonio business prop
erty, the year 1925 has been one of
the most active and successful years
in the city's history. There has been
an unusually large number of sales
of highly valuable, centrally located,
real estate.
In the years leases were two for
99-year terms, involving two Houston
street corners in the 100 per cent re-
tail district. Business property i'm
provements for the year included no.
tells, garages, store and business build
inSS of various kinds, hospitals,
apartment houses, and hotels.
ADVERSE CONDITIONS
One Of the most significant features
Of this unusual development is the
fact that it has taken place despite the
years crop failures in the surrounding
territory. On account of this serious
drawback, many dealers in business
property looked for a dull year in
their field. Some widely known sta
tisticians have shown South Texas
on their maps as the quietest bust
ness area in the United States during
1923. Their pessimistic reports were
based, of course, on the crop failures.
But the important point is this: If
San Antonio business property can
make great strides during a year when
development is retarded by unfavor-
able conditions of agriculture, what
can it do in a normal year?
Among the larger business proper
ties which changed hands in 1925
were the following:
MANY DEALS
Mrs. Otto Koehler's property at
J19 East Houston street. sold to Max
Goodman; the southwest corner OF
North Alamo and Travis streets, for
merly owned by the G.. Bedell-MoOre
estate. sold TO DR.. f. L. Thomson;
the Grand Opera House property,
Alamo Plaza and Crockett street, sold
TO a group of buyers; the Henrietta
Frank property, on the east side Of
North Alamo street, opposite the in
tersection Of North Alamo and Travis
streets. sold to Isaac Bledsoe; the old
y. NJ. c. \. building. at North Alamo
and Third streets, sold to Alexander
Joske; the JOwdy property, at Travis
street and Broadway, sold to a group
Of buyers the Ada Waelder property,
in the 200 block of Jefferson street,
sold to Drs. W. NJ. Wolf and Ferdi
nand P. Herff; the old Scottish Rite
Cathedral. st. Mary's and Convent
streets, sold to a group Of buyers; the
Mayor Temple of Music building,
Travis and Soledad streets. sold TO
Russell c. Hill aud Wallace Rogers.
The Joe L. Hill property, at 105
Armistead street, was sold to the
Travis Investment company; the Cole
property, in the 200 block Of East
Pecan street, sold TO the Travis In
vestment company: the Jones prop
erty, 1-223-225-227 South Flores
street. sold to the MoncriefLenoir
company of Houston: the Hummel
property. at 120 West Commerce |
street sold first 10 DR.. W. VI. Wolf |
and again In the H. Killing company.
This. of course. is only a partial listl
Of the many sales Of very valuable |
business property during 1925.
With regard TO long-term leases. al
99-year lease was made on the south |
west corner of Houston and LOsOya 1
streets (this corner having a Houston
street frontage of 2G.1S feet between
the Rhode Island Hospital Trust Com
pany. trustee under the will Of George /
Bucklin. as lessor. and the Travis In
vestment Company Of San Antonio, as
lessee.