The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1942-03-16

chicago, III, March 49, Prospect
u coming lack Of rubber for war
workers cars has put new strings
upon the location OF war industries
That Is q charge OF recent weeks
very significant for all war-period
urban real estate development. 1t
means o shift Of industrial expan-
sion toward localities where there
Is existing transportation for tabor,
and q possible tendency towards Its
Capitalization near large metropolis
tan centers, pools Of skilled labor.
War industry Is making every
manufacture plant concerned look
for space for expansion. Contrari-
wise, great producers Of civilian
goods, forced TO stop everything but
replacement work are In the real
estate market also. They must find
narrower quarters. Contraction Of
automobile use Is bringing a wholly
new location problem TO all retail
merchandising that Is dependent
upon an automobile clientele.
Chain stores are revising their loca-
ton policies.
1OOU mOOSES MEAAANO
SCARCER AND SCARCER
With civilian home building COM
ing to q stop, good houses listed as
for sale are getting scarcer, sign
Of o rising residential market. AS
always during an inflationary pc
Rod, investment buying OF real
estate Is increasing in Importance.
These are some OF the great lines
Of change in real estate use in war
time meaning new forms OF real
estate activity, industrial, CONNER
cial, and residential, reported upon
in Q special symposium to be pub
lished by the National Institute OF
Real Estate Brokers, specialized
branch Of the National Association
Of Real State Boards.
"Real Estate Operations In War
Times" will be the title Of the In
stltuteS handbook. now on the
press. Contributing their own cur
rent experience and their observa-
tons TO the discussion are a dozen
leading realtor brokers of the coun-
try, headed by the Institutes presi-
dent. Frank g. Owens, Of Atlanta.
Contributors include: Louis La
rongo Cleveland, o. (writing on
commercial real estate trends); p.
H. Parrot, Portland Ore. (writing
on current residential marketing);
z. M. Boerke, s. I. r., Milwaukee
writing on Industrial charges and
their meanlng); Donald T. Pom
eroy, NAL, C.P.M., Syracuse N.
Y: Parker Webb. NAL, Boston,
MasB.: Harry Taylor NAL, C.P.M,
Eage Orange, N. j.: H. Clifford
Bangs, NAL, Washington, d. c.;
Edwin v. Burke. Chicago, Ill:
Arthur s. Kirk, NAL, C.PM, Des
Moines, Ia: r. Poche Waguespack
New Orleans, La; Nestor r. Wei
gaAG, Wichita. Kans.; Leroy Ackley,
Los Angeles, Calf
a feature OF the, bulletin will be
an analysis Of current federal leg
islation as It affects real estate by
George p. Ellis. former president OF
both the Illinois Chamber OF Com
neFee and Of the American Society
Of Certified Public Accountants, and
tax consultant TO the association.
Price OF the handbook to non-mem-
bers will be 50.
GROCERY MARTs IN PLACE
OF AUTOMOBILE SHoWROoMS?
War expansion Of industry has
only begun. Factories whose prod
tlctS will continue 10 be distributed
for civilian consumption must ex-
pard their output. Both those
things mean new real estate de-
mand. Chain grocery stores, form
erly wanting new construction tai
lored to At. are now ready to con-
slider location In existing buildings.
are ready to look over the vacated
automobile showroomS, for example.
Prices for we'll located store prop.
critics are stifYening. Better prices
In industrial property are bringing
out more sellers. Capital Is plenti-
full for the purchase Of real estate.
These are some straws In the wind
What Is actually taking place is a
transition In the type OF real estate
negotiations, the symposium brings
out.
The opening Of branch reighbor-
AbOOd oOiN0 may VIGIL NC NaI kiItlG
development In bakeries, diaries, and
other retail businesses as present
tires and trucks used for delivery
deteriorate. SO Louis Laronge, vice.
president Of Joseph Laronge, Inc,
Cleveland, who lists for the hand
book some significant policy changes
Of individual retail chains as TO To-
cation, expresses his own estimate
Of the overall effect Of restricted
automobile use on suburban devel.
opment as follows:
Further decentralization will be i
retarded except as each new bust.
ness center Is served with adequate
transportation. Furthermore, such
transportation must be accessible to |
the numbers necessary to financial
" support the business center"
Restricted private transportation f!
may call for relocation Of hundreds
Of roadside gasoline stations, for
lsts. barbecueS, and other businesses,
he points out.
rUBBER SHORTAGE HAS
CHANGED THE PICTURE
Rubber shortage, points out z. M. |
Boerke, has injected an entirely !
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