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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (May 22, 1910)
THE SUNDAY OREGONIAN, PORTLAND. MAT 22, 1910. PROPERTY DEMAND NOTTO BEQUIETED HANDSOME PRIVATE CLUBHOUSE WILL SOON BE OCCUPIED. Healthy Tone of Realty Market Presages Period of Re newed Activity. NEAR MEDFORD Reaped Returns Last Year Ranging from DOWN-TOWN SITES SOUGHT OECHAIRD KINGS Important Building Announcements Made In Connection With Large Real Estate Sales Mean Much to Portland. Portland real estate is indeed in a healthy condition as reflected by the numerous sales that were negotiated In the last week, by the great amount of inquiry concerning valuable down town properties, where there are doz ens of prospective investors seeking locations at almost any price, and by the great trading in lots throughout the city. But far more Important in the development of the city than the actual transfers of land is the great wealth of building which has been an nounced. On every hand property owners are preparing plans for substantial build ings. These are not centered In any one location, but extend all over the city, It Is not a question any longer of rentals. The great demand for lo cations is now so far ahead of the completed buildings that an urgent call Is being made upon property own ers to expedite their buildings that office space, store space and rooming space may be secured. The building of a great city here is assured and now it is just a question of how long it will take before the present demand for locations can be met. A year ago. when several office buildings were under construction, the question would sometimes be asked, "Where will the people come from to fill them?" But when these were com pleted every room was filled Imme diately by persons who had taken res ervations early in the course of con struction. : When persons who had de layed turned to offices vacated in the older buildings, he found even these taken up by others who had been awaiting that opportunity. Now there are dozens of buildings under construc tion. These have all been practically rented from basement to roof. Others are merely projected, but even owners of these are besieged with applications for reservations. It is this great demand that is mak ing "Greater Portland," but on the other hand it is the Greater Portland that is making the demand. The great Influx of new business, new capital, new manufacturing plants, new indus tries of every sort, and, in connection, new men to work for these manufac turing plants and to engage in busi ness, is resulting in a growth of popu lation that is remarkable. - The effect on real estate and real estate values' has been little short of remark- - able. In the downtown district there have been offers for property on every ft.i wsi anu 1110 uiujr iuiii iimi. jitta u eeil holding! back the dales has been the fact that the owner, looking not at the pres ent but at the future, refuses to place any price on his property. Here it is that capital Is meeting its hardest hurdle Portland property owners in the down town district simply refuse to sell their holdings and as a result the prices keep climbing skyward. Another factor, how ever, has been the widening of the busi ness district because the capital which Is clamoring for admittance will not be kept out. Iast week saw the closing of a large number of sales In new business dis tricts on the borders of the older and congested section. These were limited to no particular part of the city. East Side, West Side. South and North all figured in the trading. There were several large platting projects negotiated to meet the ever increasing demand for home Kites, thero were deals of semi-business prop erty, apartment-house sites were pur chased, properties were bought as invest ments at prices far in advance of those paid but a few months ago. Everything is Indicative of continued activity in in side real estate for several weeks at least. For a year the market has been first active, then a trifle quiet; then more active, then again not quite so quiet as before; then decidedly more active and again a faint lull and so on, always grow ing more and more active in the long run. One of these slight lulls has just been taking place, a lull which a year ago would have startled everyone in the city by its activity, and now realty deal ers are preparing for another period of activity even greater than during the last six or eight months. Good profits were taken by E. J. Daly and Mrs. Clara L. Smith on a quarter block at the southwest corner of Six . teenth and Thurman streets yesterday, when this property was sold to local Investors for $26,000. There are three cottages on the property, bringing in a good rental. Mr. Daly and Mrs. Smith purchased the property five years ago for $13,000. Mr. Daly also reports a sale made yesterday through his office of a50x 100-foot lot on the east side of Twenty third street, between Glisan and Everett streets. This property was owned by E. B. Gaze and was sold to a Salem Investor for $12,500. It is located across Twenty-third street from the new Packard -garage. W. H. Poster has purchased a modem thiee-story brick apartment-house lo cated at the southeast corner of Tenth and Hall streets, from Thomas A. Barlow for $30,000. This is a new building erected about a year ago by I. A. Peters. It contains 11 apartments of three and lour rooms eacn. The property was bought as an investment through the agency of Sheffield Sc. Kiely. One of the largest deals of the week was tne taking over by S. Benson, wealthy timberman, of the block bounded by Couch, Davis. Seventeenth and EIgh teenth streets. This was owned by School District No. 1 and was the site first pro posed for the new West Side High School. When the property became useless for this purpose, after" the second site had been secured. It was placed on the mar ket. Mr. Benson is obliged to pay $125, 000 for the property. This block was purchased a trifle over a year ago by the School Board. The district paid Dr. Henry Jones. Dr. W. T Williamson and Rufus K. Erickson $91.- 169.50. The profit taken by the School Board is an example of the steady In crease in values in this part of the city. Dr. A. E. Rockey has purchased a quar ter block at the southeast corner of Fifth and Montgomery streets from J, Rosenthal and J. C. Friendly for $25,- 00. A frame barn is at present on the i-', property, paying an income oi o a month. - Ths- sits- was purchased three I kZ, 4 r Hi I I'' - I -?- 'l''-Yj r-r-s iJJji. t it's --. - - , - ISEW ARLINGTON CLUB, PARK AD SALMON STREETS, years ago for $13,000 and the income has more than cared for the Interest, insur ance and taxes. The sale was negotiated through the agency of Gray, Cunning ham Sc. Gray. Dr. Rockey bought this corner as an Investment. R. V. Jones, of the Western Oregon Trust Company have bought a quarter block at the southwest corner of Eleventh and Montgomery streets from J. C. Mit- cheltree and J. A. Messner for $28,000. Several old frame residences are now on the property. These will be replaced with a high-grade apartment-house. The sale was made through the agency of Dabney & Dabney. 0 G. F. Sanborn, a wealthy lumberman, has bought a lot on Northrup near Twenty-fifth, in the Nob Hill district from A. Gregg, of Wenatchee, for $6000. The lot adjoins the handsome residence which Mr. Sanborn purchased a year ago from the VanSchuyver estate for $60,000. With this lot added to his holdings. Mr. San born now has a tract 150x175 feet. E. S. Jenne has bought 115x50 feet on East Fifty-seventh and East Burnslde streets as a location for two frame store buildings. This section is rapidly devel oping as a semi-business district. Ths sale was made by the H. P. Palmer Jones Company. Emil Muehllg has bought from Mrs. N. J. Levinson a lot on East Twenty second street for $4250. The site is im proved with an old house. It was bought as a home. Mrs. LvInson bought this property a year ago for $3500. M. Himmelfarb has bought a quarter block at the southeast corner of Second and Porter streets from W. T. Stephens for $11,000. The property is improved with four houses bringing in a good rental. It was bought as an investment. The sale was made by Louis Salomon & Co. All LAND PLATTED Southeast District Is Being . Developed Rapidly. TRACTS LIE NEAR RIVER Vacant Acreage Now Taken TJp and Being: Prepared for MarketDis trict Goes Ahead Despite Pres ent Iiack of Sewers. and president of the Consolidation of German Speaking Societies - of Oregon, has lust received from East Oakland, Cal., photographs of the buildings of the Institution there, and will also secure the plans of the buildings later. The Oakland home is partly of reinforced concrete and partly of wood. The home is not a charitable institution in any sense, and only is open to Ger mans who pay a certain sum for the use of a room or rooms during their lives. They pay a lump sum to the manage ment and it then becomes their homes as long as they live. They have all the comforts of first-class home with none or little of the care. The plan works finely in other cities. Only Germans are admitted. The amount paid is regulated by the age" of the people and their ex pectancy of life. Such a home would cost more than $100,000 to start with. ItEAIiTY BOARD TO SEE COMET McMlnnvllle College Telescope to Be Used on Saturday. At the invitation of Professor Edgar Van Osdel, president of McMinnville College, the Portland Realty Board members will visit the college town on Saturday night. May 28, for the pur pose of observing the comet. McMinn ville College is equipped with a fine telescope, the best of Its kind In Oregon. The members of the board will leave at 4 o'clock on Saturday afternoon, ar riving at McMinnville at 6 P. M. In the evening they will visit the college and have the exclusive use of the fine telescope. Some of the party will re turn to Portland on Sunday morning. while others will remain over as guests of the McMinnville Commercial Club, which will escort the members of the board by automobile around the or chard tracts In the vicinity. "FREE" LAND TOO COSTLY Man Who Makes iucky Drawing Can't Afofrd to "Prove Cp." WALLA WALLA, Wash., May 21. (Special.) Declaring a poor man had no chance and that It was an outrage the way the land had to be gotten, Charles H. Hunt, of this city, who drew No. 272 in the allotment of the Flathead Indian reservation, is back in Walla Walla. Hunt went to the reservation several weeks ago. When he landed on the scene his first setback was in only being al lowed 40 acrQs of the choice land. In order to secure this it was necessary for him to live on the tract five years, or 14 months and pay $7 an acre. Besides this, Hunt says he was required to pay something like $30 in order to file on the land. When these different requirements came up one after another and there was expense connected with every one. Hunt began to doubt the old adage that It was Just as good- to be born lucky as rich. He says a man has to be a millionaire in order to get the land from the Government. NEW P0ST0FFICE OPENED North Portland May Be Bated ; Third-Class After Year. North Portland Postoffice, with V. D. Crosby as postmaster, was opened yes terday at the Union Stock Tards. The new office has no connection with the main office at Portland. Postmaster Crosby will begin as a fourth-class offl cer, his compensation for the first year being on a postage cancellation basis, and in no quarter of the year will he be allowed to draw to exceed $250. After the office has been in existence a year it will be classified upon the basis of Its receipts and it is believed that it will he raised to the third class. The North Portland Postoffice la in the Stock Exchange building. All the vacant land on Milwaukie street, between Brooklyn and Sellwood, has been platted, the recent plats being the Benedictine, Reynolds and the Strow bridge tracts. Work has been started In these tracts by the grading of streets. In the Reynoulds tract, owned and handled by Tom Wood, a large force of men with teams is Improving the streets. This tract Is between Milwaukie street and the Willamette River. Some grading has been done in the Benedictine tract which is the O. R. & N. piece, but there is no work in progress there at present. The extension of Grand avenue along the bluff aboe the Wil lamette River will pass near these tracts. A considerable building movement is ex pected as soon as the Improvements un der way in this section have been com pleted. A3 the ground is all high, it will command a good figure. Milwaukie ave nue, a main thoroughfare for the south district. Is soon to be Improved with hard-surface pavement between Haw thorne avenue and Holgate street, the work to start as soon as the sewers have been completed. There is no district of the city where the property owners are being so heavily taxed for sewers and streets as in Brook lyn, but it is understood that while the expense Is heavy, the Improvements will make the district. Already property has advanced more than 50 per cent In the past five months, and better results are expected as soon as the improvements are completed. The sewers and streets will cost $2,000,000 or even more, exclude lng the improvements in Westmoreland,' the big tract carved out of the Crystal Springs farm. Improvement of Milwaukie street, be tween Hawthorne avenue and Holgate, will cost upwards of $150,000. The hard surface pavement on Division street, be tween East Tenth and East Forty-first streets, will cost another $50,000. In the Waverly-Richmond district a hard-sur face district has been formed between East Twenty-sixth and East Forty-first streets and between Division and Powell road, where the pavements alone will cost $250,000. In Waverleigh Heights. water mains are being laid which will cost more than $35,000. The site of the Reed Institute in East- moreland has been cleared and graded. It Is proposed to extend East Twenty- eighth street to the site and make It a general thoroughfare. Councilman Rush light has been asked to take ud the mat ter of opening this street, or rather the parts wmcn are not opened. Back of the movement to open East Twenty eighth are all the promotion clubs of the ward. Including the Seventh Ward Im provement League. Some of the parallel streets also are to oe opened to the south and, if possible, to the site of the Reed Institute. The Baby Home managers have com pleted Improvements to that institution by the construction of a double sun porch on the south side. These Dorches n.r large enough to accommodate about 60 babies if necessary. GERMANS PLAN FOB HOME Costly Structure May Be Modeled After Oakland Institution. A home for Germans modeled after the one that stands In East Oakland. Cal., is being talked up among the lead ing Germans of Portland with the expec tation that such a home may be built in Portland. Otto Kleeman, architect. TRACT FOR SUMMER HOMES Edward Renfer Opens Acreage on Cedar Creek. Edward Renfer, of Portland, who owns a large tract of land on Cedar Creek, Just beyond Sandy, is making arrange ments to have part of the tract platted for summer resorts. It is a very beau tiful tract and Cedar Creek runs through it. It is a favorite picnic ground for auto mobiles and outing parties, and Mr. Ren fer thinks It can be disposed of to peo ple who want to have summer homes within easy reach of Portland. Survey ors will be put to work at once and the part on Cedar Creek platted. Isaac S. Gartner .and A. Eldred have purchased a 10-acre tract located near Lents for $8000 from Mrs. - S. Gartner of San Francisco. The tract will be plat ted and put on the market. Editor Dodd Acquitted. BELLINGHAM. Wash., May 21. W. D. Dodd, editor of the Bellingham Herald, accused of violating the criminal code by publishing details of the hanging of Richard Qulnn at the Walla Walla peni tentiary last week, was acquitted by Jurv in Justice Court today.. 6-STORY FLAT IS PLAN 'CROWN COURT" APARTMENTS WILL BE FIREPROOF. Site on King Street Bought for This Handsome Structure, to Cost Sum of $75,000. As a site for a slx-Btory reinforced concrete and fireproof apartment house. the Northwest Securities Company has purchased 72 feet frontage on King street, 100 feet north of Washington street. The company has recently been Incorporated, the officers being R. L. Durham, president; C. A. Whitemore, vice-president, and F. H. Whitfield, secretary and treasurer. The building will be called "Crown Court." The building, for which plans have been prepared by A. C. Emery Sc. Co., will contain 36 apartments, in addition to Janitor's quarters. It will have a handsome entrance and lobby treated in marble, a modern heating plant and plumbing throughout, electric pas senger elevators, freight elevators. JUST REAOf FEB. 25th, 1910. California Bungalow Homes The newest, best, most practical and most comprehensive Book of the Bun galow; 300 Illustrations of the beauti ful bungalows of Los Angeles, Pasa dena and environs; exteriors, floor plans. Interiors, mantels, buffets, doors, etc; costs and descriptions. Homes costing from $350 up. Price one dollar, postpaid. The Bungalowcraf t Co., 403 Chamber of Commerce. Los Angeles. Cal. Pacific Iron Works O. E. HEINTZ. MANAGER CASTINGS OF ALL KINDS STEEL BUILDINGS AND BULGES IN STOCK 3 to 24-inch beams; 3 to 15-inch channels; lxl to 8xS inch angles; all sizes unequal angles. East End Bumside-Street Bridge, Portland, Oregon. J- Hundreds Netted Over $500 Per Acre EVEN -PCMTY s ORCHARD TRACT Contain identically the sanie character of soil as that in the orchards which produced the above results, lie close to Medford and are sold on surprisingly easy trrms. Planted and cared for if desired. THIS IS FREE. Let us send you the names of these 15 men and the particulars about their orchards; also -our booklet, "The Ideal Life" and over 30 full page views of Rogue River Valley orchards and scenes. JONES & SHERMAN, 302-303 I.ewU .Bnildlnir. Portland, Or. Gentlemen: Please send names of "15 orchard kings," also your booklet, "The Ideal Life" and full-page views. Name. Street City : O-M-22 JON 302-303 Lewis Building, Portland, Oregon hoists, etc. One of the principal fea tures of the construction will be that all the rooms will have light and air from the outside walls, there being no light shafts in the building. Kach of the ' apartments will contain three rooms and tiled bath, and will be handsomely finished with hardwood floors In the living rooms; disappear ing beds and the many little conveni ences which go to make an ideal apart ment house. No expense will be spared in the erection of the building, which will represent an expenditure of $75, 000. This will be the first apartment house In Portland to be built absolutely fireproof that is, built of reinforced concrete with flreproofed floors. For the inflation of automobile tires a Frenchman has invented tubes containing; aluminum with a small portion of mercury bichloride. The admission of water formji hydrogen gas under pressure, which may easily be turned into the tires. ii t i j fit a t OJiMiciL 7 The way to secure the best is to have a desire for the best. The way to have a desire is to have knowledge. Knowl edge and desire are the sure road that leads to success and to Othello. Why to Othello? Read the signboards of judgment and see which way they point. For natural location go to Othello. Eich, productive soil is found around Othello. You enjoy luscious fruit? keep on to Othello. A pleasant place for a home 'tis in truth at Othello. Manufacturing possibilities give the laurels to Othello. For health, wealth and beauty salute promis ing Othello. . You have money to invest? think first of Othello. Board the Milwaukee 'twill take you to Othello. Av place sure to grow be wise 'tis Othello. CP Othello Improvement Co., 219-220 Commercial Club Building Portland, Oregon. Please mail me your free Booklet, illustrated in five colors. Name . Address .