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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Nov. 5, 1905)
THE OREGON SUNDAY JOURNAL, PORTLAND." CUNDAV MORNING, NOVEMBER 5, 1605. f There h Net a Foot, of ItciJ Ectctp or a Hc3 u"Pcrd Thit Ci; i : nct Do Ccld fcr Colons Aro I I KfciAJb EST ATE ; NEW S 1 1 ' "Wher ar all t th big building of tblidlr M find tenant T" Bearish aa the thought la, this ques tion la being aaked by many Portlanders Just now. They ar becoming alarmed - at the proapact 01 "Kaaot ta Bent.' -which they fancy would ba a forlorn alt , Ration if auch signs wara via wed In the wlndowa of the sixth) or twelfth story -f an office building. . ' . , ' An Impartial mind needs not go far to rind read answer. . Office In Port' .. land are crowded.- Room are wanted . in any rood bonding, where there are reasonable - aceommodatlona. Crowded conditions prevailing at present are lu xurious to development. A prominent msuranc company aeeired to open ef . flora here last month on a large scale, . : and searched in rain for a.. desirable i ' suite of three large rooms, properly ar- . ranrea ana served. ,At last the man Tlr waa oompelled to take one little " inside room with the hope of improve- . ing ma location later. More striking teatanees than thla axe ;' abundant - There la scaroely any larre ornce 01 tne city occupied by business . men not desiring privacy, but haa sev. " oral tenants. In home offices the ooru- i . pants number half doses, ar mar. .JPrty have dealur In every corner and struggle around In each other's way. Were these tenants riven opportunity to have a neat office alone la some xirst-ciasa building, they would much prefer It to forming a company ar rangement and taking- one large apart ment on tne co-operative plan. .- . ,' " l T Next year la aura 'to bring a great number of. new. businesses to Portland. An Immense lot of money la being span t In development and eonstnictton work. . Thia money la going- Into the channela of trade, largely into the pockets of , laboring; people, who spend It -again for food, clothing- and new homes. Rail road construction will center here every Interest that flocks to heavy operations this character. - Offices and agencies will come to profit by the distribution Of about $10,000,000 In construction of the North Bank Una and the many other enterprises which are taking- material iotta. Aq army of laboring men la now employed in building in the city, and the force will be greatly Augmented next - spring and summer., Many of these workmen will desire to make per manent homes In Portland. The aev. . oral great development enterprises un der way in the' Interior of the Columbia basin will contribute their quota, of prosperity and business to Portland, the seaport. to the limit. Aa a result of the immense demand upon the time of builders, there baa been something of a rise In the rates of certain work, which. If pressed much further. Will have a tendency to check building. One capitalist who bad planned a 'large .building, en upper Washington street, was given the pre liminary estimate of - I26.000 for the work. Upon thla basis, he waa ready to proceed Immediately. Before he got under way, the eetimate had been raised to 131.000. and by the time that he had screwed op hla financial . courage to tackla. the job at thla figure, ha waa In formed that the work oould not be done for less than 150.000. Ha called all plana off, put hla specifications away and said that he would not build for some time at least, when he hoped to get things dona for what appeared to him a fair rate.;. ' Recently the Journal noted that real estate dealers of this city were among the eagerest buyers of local property, on their own account. , Since the statement waa made, it la found that every local dealer haa been putting all of the capi tal that n oould command into real es tate. The purchase of soma of the men have been rather heavy-for small in vestors. . Lately this tendency haa been mora pronounced, and the dealers have been the moat aggressive purchasers. ambition of one citizen. The rapidity with which tall building have been planned tbia fall, and the substantial prorress made in t carrying - out this work, i augura a number of akyacrapera loon. There waa much talk last summer of Portland aetttne- tocether for a 2 story office bulldlnc. which would be constructed with the purpose of being both an advertisement to the city and a precedent for other work. It waa be lleved at that time that auch an enter prise would be inaugurated when prop er arrangements could ' be completed, and a. number of enterprising people signified : their wllllngneaa to assume a portion of the- burden. Since that time development of build ing-- haa been ' rapid. Three edifice which will be from ii to fourteen stor ies high, have been definitely decided upon, aud there la prospect of further work of even greater importance. This rush haa caused the' great advertise ment .movement to become slightly ob literated, but It haa not been forgotten. ana unless some or tne waiviauai ouna lng projects soon tower much higher In to the air. It la .possible that a. building erected -by a larger syndicate will be outlined some time early in 10. With In a decade assurance la had that there will be many auch here, when the ad vertisement for the eltv will he a, elua- Borne arev buyin to hold for few I ter of the finest office bulldinera of the . . . . . - years, wnue winers are using property i West. witn me purpose or turning at axaln I v Every sign of the Industrial and fl uoroscop is - that next year ; Portland will hav the grandest busl- uses ever Known to any Northwest city, and that this business- must need ac comodations here." These numerous tall buildings going up and planned, ar ab solutely needed. In fact will be pleaded for before they ar completed. Before they are finished, tenants will be con tracting offices and It would not aur prise close observers If the number of - ""wmg, nnounceq next ' spring and summer were not several times greater . than -those already arranaed foe at this -iuiM-i a need, lor modern of floes and " . ""'" room is apparent, and wisaora or local investors In entering- th field of construction la endorsed or ins oest nusiness men of this and Other Communities The .i... i capitalists are pnttlng th.r money Into thla work 1s the beat attest r k of confidence prevailing. There will be IIMIevae for - the- sign, , "Offices to ,Hent,"for some time to corns. in por- . ' f - v..- ".. j. Work -he van itAm ub -r. flats.-, whlcb are being- erected by EL Holman at Third and MIU streets, the - uunqing- to cost iis.ooo when completed. These will be among- the moat modern structures or tne city. Mr. Holman In tenaa to Inaugurate a system of fur- msning everytning ror the flat tenant . A thorough heating plant la to be in stalled, which will keep hot water for all hours of th day. beat by steam. Janitor will be furnished to clean and keep the place In order. Mr. Holman win also build on the other corner of the block a row of flats as targe' or larger than those he has Just begun, if he finds a demand for this clasa of residences, which seems to bs insured by the interest manifested by a multi tude of people. - i There'are no Idle contractors In Port land Just now. and architects are rushed Again, soma of the dealera nut a part of their capital into the realty and than Improve with the purpose of aoiains for rental. --- In whatever form the tendency I mad apparent, it la accepted aa of tha moat ausplrtoua omen. Dealers are the closest students of realty conditions. Their business I to note the trend of development and prosperity. Being In the closest touch with heavy capital, as well, they have th best opportunities for acquiring th surest forecast of tha future. Whenever they beeln to ouy on tneir own account, th publia 1 sure to find th situation pregnant with hope. ... , r ' While th local realty dealera Jhm been handling large sums of moneyfor outside and local capitalists, naturally maaing- tne neavieat buys for - their cllenta. they have not been loaing- op- pranity to put an oi tneir own avail able funds. Into auch property. - - Why should not Portland make her own structural steel building material tnaicie nsr own boundaries, and aave the delays and provoking Irregularities aoout delivery of . such material from the eastern steel planter - Sine the rush for tall buildings be gan, - th question Is frequently aaked. It Is a matter of record that th cheap est building with steel structural ma terial erected in the United States waa at Pittsburg, where the steel waa manu factured, and where there waa no "Waalut getting- in touch .with the! marnrracturera. , The dlfferenc In coat Under such circumstance and with work In Portland , rune-up to about three cents a cubic foot In the building. This difference could not be eliminated by having- a plant her for manufactur ing -ateel atraeturai material, but might be reduced considerable. . When tha Meier ae Frank department store building- waa erected, no structural material waa Shipped from the outside. alt of it being- made In thla eltys The puiars wars or -local casting, and the girders over the areat show . wlndowa ar also of Portland manufaotur. Th tore ta not. ateel throughout, but nougto Iron and ateel 1a used In it to suggeat the possibilities of a atruntne. el manufacturing plant In Portland. In all of the work don on thla large- store building-, the pieces fitted with exact ness and precision, so that there had to be no remaking- and there -waa no de lay in waiting- for delivery over a long ran tine ana xrom an over-crowded east. era piant. At the present time th ateel plants -of th east ar rushed to death with orders, and all building operations ar contingent upon the time when auch material can be secured. The strength of th Meier at Frank store building- la much greater than an office. hntMi because of the heavier requirements of such an atabllsbmnt. Within another - year Portland win have skyscrapers. If tha natural trend of building" contlnuea aa at nresent anH there will not be one - standing- out a lonely monument to th enterprise and Announcement last week thathiaseU 4k Blyth would put ap a It -story office building- at Sixth and Stark waa the sensation of the week. It came the aame week that the Wells-Fargo people gave out the atatement that th new structure that company la erecting at Sixth and Oak streets would be twelve stories hla-h. - Almoet " simultaneously with this dual good fortune J. B. Toon said that If everything favored, he would make hla office building- twelve stories hlg-b. These more stately edif ices are to be Tea red amidst a bevy of five and six-story bulldlnga which are being- put up rapidly aa th work can b done. ' '-:,."'" V.'.. , ( A short time ago Frank C-Perrine, of l-ou - Angeles, who - was attracted - to Portland by the Lewis and Clark ex position, bought to by 100 feet at the northeast corner of Tenth ' and Couch streets, opposite the armory, which was occupied by a saloon and two dwellings, the price being- for 112.100. This was two montha ago. - Testerday he resold the property for f 11.000 to a Portlander who does not want hla name- mentioned at present. Mr. Perrine saya Portland- real entate looks good to him, and -he la going to sell his extensive Loa "An geles -holdings and . Jn vest In Port lend. -Both of thea sale were made by E. J. uaiey ana i w. wnitlng at Co. , Goldsmith ft Co. consummated late yesterday the sale of the quarterofa block on - the northeast corner of Twelfth and Alder streets, star Hanrv Wemme for 140.000. H. M. Cake, the at torney and prealdent of the Commercial Club, formerly owned th property. The XT-arc t now -occupied hy two or three dwellings, but Mr. Wemme will erect there a substantial brick block, as ha haa taken- the nronertv aa a twnnanen Investment. Mr. Wemme haa been one Of th moat activa and -dlanrlnlnetln. buyers of .the year, and la taJclnyrtiold wr important properties tor - improve ment. The fact that ha haa mada this purchase at Twelfth and Alder atreets In seection rapidly - becoming- more popular a a retail section, and win erect ther an Important building In th near : future, haa improved values on upper Alder and Yamhill atreets. The rate or izo.ooo a lot Is the best evi dence of th Importance of the section, and shows that the far-alghter buyers me wnen mis part of the elty will be In the heart of an Imense retail business. - Th time when. Mr. Wemme wit. Kuunnenr worx on the new build ings is not fixed, as his" purchase was Just completed yesteraay afternoon. K K. Wemme of the Willamette Tent -'" company naa sold Ma nenn. erty on Eleventh street, near Morrison, r -"Pi"Miats. in lot is 0 by 100 feet, and la occupied by the frame structure known as the Ohio notei, wnicn naa 22 rooms. The itul was made through M. E. Lee. tha con aideratlpn not being- nubllahad. Th. purcnaaa wan maae aa an Investment and no Improvements are contemplated. . FtATS. . ' "Worth3' a? Mt rH3fr.er'P't?,U All new and modern. WaUIOm PBOrXBTT. 100x100 14th and Overton sts. . 100x100 14th snd Marshall St. 100x100 lgth and Upshur. j-TBTjrxng nonm. 100x100 th and OHsan. , tOxlOO Oliean at, near Tth. . SOxlOO 16th and Flandera. xOBcagv- 76x100 15th and Da via. 100x125 Ella St. , 50x100 22d and Irvlns. . ; ; - 50x100 18th and Ollsan. 100x100 On Hall at., close In. 70x100 On Bancroft -"iurf 17x100 On 6th at . v 48x100 On Everett st ' 16x100 On 18th at ' a ast visa. " 100x100 On East 10th st , ' ..JOOxlOO On Fremont st - r 88 1-3x100 On East 11th at. tOxjoo On Missouri ave. 100x100 On East 7th 'and Harrison St., unimproved. 1 100x100 Grand ave. V ; 50x100 East 22d and Ankeny. 100x100 East 15th st, 4 houses. 100x100 East tth st, 1 houses. ' - jOxlOO East (th St. f , . Z.OTJZS SAXOMOsT, First St HOUSES HOUSES Flv nw houses all In 'At share. ready for occupancy. If you want the neat ouys ror tne money and a place r-ou can move right Into now, don't fall o Investigate thla Prices from $1,800 m ts.isv. favoraoi terms. F. W.Torgler 106 Shirlock Building PARRISH, WATKINS & CO. SttablUhed lB7a REAL ESTATE ; naTumisroa BaaTTAi AJTD X.OAX AOBsTTS .. .. 250 Alder Stroot. 32 nu mi, .unie' m$ e ,. : ,- . t i- ... I t Most Popular Because It Is Best. Stop Rent In and Buy a Home in This Beautiful Sab orb With Your Rent. r Money." Homes Built to Salt Purchasers Lots $120. ($3 Down; sj a Month) Best water) newt ear service far cents located so mlantea from ottyi streets graded. oANffl) b.M dry, level, healthful and seaatltfal, whioh Make It the lofioai yesideaoe suborb, Taka Mount Soott aa today at First and AMet treeta, rid t Flrlaad and sea, Agwat on groaad raia or shla. n in n- f" Geo. V. Brown aOl FaltliieV Hoflfilne- J Pkon Main 3U9 Robt, A. Taylor Office, Fa-lend Station--'-' - 1 ForSale -Cood Real Estate - - A $13,500 & $12,000 $117000 $3,850 $2,650 $ 1,950 provements"o'n Tamt lot on tth st, be. I Oak ml m a - . flrennwi ttuit,i.. - I t"B nc ta on tne ad- lolnlna lot 9.n iTTLa,a ' Tth iiiifiuin. r jQUVB at 4..la.L1. ouarter block on ParTk . ome improve ments on aame. Choice building- lot Sf y1 r and -tw mim, Onn Para, near Hayrl- rTactlnnal 1 v. am saarja "- noon on aame. tC O )Kt KOxlOO. with two V eWeasfeafV S2"e, renting- for - tl"A"Jnont'i North C" a IT ml A . Strlntl. Z ealVI -"roni house on Will ; : . avenu and Eu- F, BRE8KB. 444 Sherlock bid.. If H Id st 1 - " A The Denefit Now Begins I . . .1 - .,, Y - The greatest id"vertisftij cirri- ; t - - -'Y. : -:-' -:. ''' !"'; ,. ..'.' . m . . 1 . - . pign of the Pacific coast has ,, .'.' VY.-f ."'';'.''. :.V-; v, v .- ended ia a blaze of gkrw. To- ' M ' ' t ' V';, - Portland A Y jfiS? . Portland e " v- V. - '" it wonderful adrantage, and . ' Y ' ' '-Y'' . jo . . m.-- .. ct0W: and - grow -and grow. - : - Y:' Y 1QY. - ; - - But we cannot-sit down and , ''" .. " Y' TL TTrT- A 1 ., watch it. Not any. . We must Y ' ai- t-ww 1U6 WaV 1 go fter the people who have . ThA AAaiT . . S7 I . 1 r become interested, the Indus-. - -V V. A XX V V -JT - 1 1 . tries which are heeded and the ' i m ; ,t ' .. " .. ' Y A. Talk Up! - . ;,:-Grest-----;---- of the V Sure Peninsula No city ever had such an a'd- , mirable location for its future growth as has Portland in its beautiful' peninsula.1 Magnifi cent factory-sites with the greatest facilities for transpor tation ever presented to the trading world. - -Y-YY" rY There Is no doubt about it Go out today. See the splendid lots we are still selling at th first prices, from i $96 to $100,. In the face of very hafpd 'AH backed by a residential sec tion unsurpassed for beauty. vahces made by almost every; other property owner out there. Gty water, sidewalks, graded streets all ready now. ; Will tart- yourhousftJomoiTOvriI . you wish.. -cqmmerceiind economy by-anyp. city on earth. - The Future of die Peninsula Is beyond all .question one of tre mendous growth and Vernon la the crest of the, Peninsula. . But if you want profit select a . lot today. Just a little money secures a contract. : A smaller monthly payment holds Jt and j the sure profit is yours. : . Take a Vernon car today, Sec ' ond and Washington. Right to the heart of it. ' . . Moore Imvestmeinit 151 SIXTH At the Sign of. the Big V Batatbllahod In 1888 : For Inside Property ' r '.'.-'' .See; . GOLDSMITH&CO. -Real Estate . .." Brokers ... ALWAYS SUCCESSFUL ASlSSMSfe 442 Sherlock Building All complete, large corner lot, full pasement, ?i,4uu, one half cash. New modern 5 picket fence, wood fiber plaster! porceiam Datntub and toilet,, all for 91,050, easy terms. New modern 8-room hone rfi basement, bath and toilet, shade trees, picket fence, for $1,650 easy.ierms. : - ... Three-room home, $350. vr Four-foom house, ' 9450. - JIalfcacre tract, $210. 1 One-acne' tract, $450, fight at car line.-; - - . r , , Ser the owner, JOE NAH In the white house at NASH VILLE addition on Mt. Scott car line.. - . . . B4ttabllaihcl In 1888 FLATS PROPERTY Four modern 6-room flats, close in, paying over 12 per cent net" r Thi Healy ; -- Investment, Co; BRESlua, sbwlouk bldg. 1 210-2H Abington, 106ft Tbud Strtet A Choice Corner fl n. I.Bouth of "Merrlsoii st! UllrillKTS x T feet: ft.KOO. F Real-Estate. BAR CAINS 9M00 Morrison, street corner. . 40,000 H block on Tth street , f35,00O4 block on Buraslde. 'V f S14.00 U block on Taylor street f 1J,000 -Flats paying JO per cent "... .net- ...... , . . flOOO Fin resldettc on "Nob . HHL , ; $ 6,000 New cottage on .Kearney j street, on installments. ) I S.SOO Comer lot, Krnsy and Twsnty-sscond street V A. F. Swcnsson & Co. M3H wAaxnreToaT mnT. FOR SALE T Tata PoitlandReal CstateCd C. R. DE BUR01I, Manager. REAL ESTATE: LOANS AND INVESTMENTS OmtX SIS AaiaTOTOsT BVXLSZaTO. A brick bul id ins; on Front atreet, near i oa cannot maae a mistake in inis. ' " "I A brick building on First street near REAtTYINVtST T Tli Shaw-Tear Ctrnipany" has n nnmber of substantial inTestnisnte It win d pieasea to suomu w tnose in earnest about purohaalng. Strict est 'confidential relations wlll.be maintained with all who favor with their patronage. We hare business properties not regularly on the mar ket, which we ar not at liberty to advertise, nor to disclose to any eept those who, In our Judgment, ar in earnest about purchasing. Own era hav their own sufficient reasons therefor. ; . -Let u know what yea want and w will' endeavor to aattsfy you. Out-of-town investors, can have-the benefit of our best Judgment on any . anticipated purchase. Ton can ask any bank in the city as to oar stand. 4ng and methods. .: , T ........ ... . ,;'.-,.; 7 1 t . 1 . . ' ,.' ''' ''' v , . ' -7 - " - . r purchases for investment or homea On Taylor street, close in, nne cor- . ir ivk wiui twu uuusss, n fis, lor ,ii,Buv, anomer near, nne aouae. '.rent $10, for. $6,600. ., , v .. . . , . . ? ,, . ; ; ; - 1 . f i -. ( J'.v. , . '. "We also hav other residences, nice building site and business prop erties on the west side, and well located properties on the eest aid's- Or Sixteenth and East Ankeny we offer 100x100 for IMOO, a materially re duced price, if sold soon. Thla Is an1 elegant building alt. Let us know what you. want and we will endeavor to satisfy you. 8. H. BARK. Manager City Properties. ' ' ' " Aqage Tracts - N -nlcr acreage tract can be found than Jennings .Ledge, on tha Oregon City car line and Willamette river.. Thea can be had In. sinal acres or more and on reasonable term. Farms -.Our. farm list comprises some of. the best properties on she market. Let us Vnow what you want and w wilt selert that which. In our Ju1e U 11 m1 PProai upon examination. Send tor our descrlp- The Shaw-Fcar Company . ' ' " 245Ji STAIUC STRTST " ' this up. W will put fine. Look you rlghk . 100x100 on Tenth.- Oood Improvement. fin buildings, good Income. See ue. East Ride, 100x100 on Grand avenue few blocks from tturnstde. lm- proved, fine residence and other bulld-P lng. ue ua about this. 18.000. : Oood T-roont house; bath', fin horn and cneap i.ivo. vi verv fine lot anil nM hnnsa n, ir. T;ihth, street near Oak $1,0. a bargslit 4-' ; bell i '.a. ; ron 4th r-.t. nni'svg ( il.T ON IVJiriMJCNTS. ckt mm SAVr,llLLFCHY Nina m!1- fro-n f" crk. i' mxrk.'l l . Will I ""-7
