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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Dec. 31, 1922)
A LLT SECTIONS of the citv Frank Upshaw house, Eastaoreland; 4Tenvillisr boulevard dwell ins; 5 Alameda drive home; 6 Leon Hirsch residence on Montgomery drive. : 1 1 " " " ' - , ' r-7 . . 7 " T - - - - - - -: .. y : . - - r'f ' ?' I ii i ii i , ii , 1 . y " iimiiiMinm ' , " .. . ' f ' ""I ' '' ' "'- l:'" fix. i : ' 1 ni "-TPT 1:' f 1 ' j - J - - " i i , 7 ?- " - ' - ; ' ; i f - ; i - N - 7 r..--i., a-L' -J'L -i ' L - ... : -17 1 ; t . . ' - s! - 1;::: t 5 f-SL r - - - - j - , - ' V. 17- " " cfi . :-7Tr riV- 1 ! A " i v 7iy'rr- - . i;K.f-.. ' ' , - ' . 1 - , U ! - . -- :-Jg(- ' - i - - n ) n i ii wull . .1 mm imm il 11 n vs f 'tWi"" j8--"- . Ww.. ' . . . I T.-i " . 1 - t ' , I ' . --- v ' 1 "v ' 71 ,, I. 'J Ii r I , . , 7 m ifif- , L7 Vil'frWh7 .I 'J if 'til 0 ; 3300 RESIDENCES BUILTPAST ' Th horn bulldlnc and buying cim palm of the past ytar. ratherlnff Im- pet us from a atrons similar movement In-1921. devel()ed within a few month , into the most active residence real es--tata market in the history of the city. During the twelvemonth $12,000,000 have been . invested in 3200 new resi ' dsnces. . The purer brokerage baainess'reach ed Its maximum about the middle of " the'year and since June there has been t a decided falling; off in the number of ' residence transfers. 'The home build- l lngr movement continued, with greater i than average seasonal strength, up to ! and including December, and the year i closed with more than S300 building I permits granted for new dwallings. j .- The brokerage business far the year ( attained a greater volume than during ! any previous twelve months period and ' was featured by the eale of thousands of building sites In residence districts I and the development of many new sub- ' urban communities outside the city lim- Its. For example, the Franlc I. Mc- Quire company reported a total of 1649 ; transactions, up to December is. with an aggregate valoe of 5,653,B88. com ' pared with 1601 sales valued at $5,250,-l- lt during 1921. The f inn's . sales for 19 IS included 3 residence lots. -! The tendency of the builders has been i toward better class houses. The Ladd k Kstat company reported the erection ; of 45 new residences, in Eaatmoreland, k with an aggregate value , of J350.0OO. staring the year. Many new homes were built In Westmoreland and mors , than $150,000 was realised from the 44 Years in Portland Experienced Realtor Possibly I can help you to bay or sell Henry J.Goddard Successors to Geddard A Wtldrlck 243 Stark St; 77- ; II "'' ; PORTLAND HAS INVESTED 12 MILLIONS have eniovcd!the homcbuHdiiiff YEAR: sale of lots in Ladd's addition. De velopment of Dunthorpe as a high class residence addition was promoted by the erection of seven houses and the sale of several sites to be built upon next year. STEW HOMES ABISE Twenty-one new homes of attractive design have been completed on Vest over Terraces during the past year Each of thee houses was built by the owner and none was erected for aaie. according to Harlon Jungck. manager 01 ine property lor the International Realty associates. The owners are Dr. . M. Brooks. C. E. Cowdin. Dr. Ttalnh Davis, F. O. Downing, U Endlcott, waiter uaasDy, K. b. Handy. A. B. Handy, W. B. Layton, John Lee. Dr. t- it- LuDton. S. M. Llldern. "R T. XT.t.. ger. Dr. Allen Noyes, R. K. Prael, K. H. rvansom. Dr. 1 a Rosenthal. M. SI mon. H. Sprague, E. Sturgeon and L r imycomoe. r Wee tore r is one or thai b- wm view properties. During the year the - - - us t Kt out nunareas of young ui im paraings ana made other substantial improvement. - Thar. ,-. attractive house an th aAAin ?ifarly J1 w thm built during the past 1 j rn ior ouiwins In 1923 -"wu w unaer way by 22 recent purchasers of sites, Jungck stated, and the volume of new building next year will far exceed that of 1922. Dunthoroe was nittui in Jw r an acre to two anrax with winding Toadways. following the wuiuur vl me mils. The tract is wwaea witn nr. cedar. man1 wood and other nativo has been exercised to preserve its. nat ural oeauty and (In to udiOt- view of the Willamette river anl ti mountains of the Cascade range. Own ers of homes erected on the addition a unrig the past year are : M. w. Hart. weu. I K. Connover. W. H. Anderson. Aruiur sncrwood, Maurioe r-rnm pacKer, Jercy smith and J. C Beatty. a group or 59 or more expensive residences were added to Portland Heights, five of them being located In Georgian Court, a small "tract reeentiv platted at the intersection of Talbot road and Patton road. The new home of Roscoe Kelson, designed by Sutton Whitney at an estimated cost of $30,000, Is one of the most attractive of the Georgian Court group. Among other Portland - Heights homes built during the year are the residences of Phil Metschan, designed by Lawrence I Holford : -the lon Hirsch house on Montgomery drive, designed by Sutton 4t Whitney and eettmated to coat $50. 00. and the residence of. Bert C. Ball on 21st street between Elm and Iaurel on 21st street between A. E. Doyle and erected at cost of about $60,000. . More ; than' 200 new hosee - have been, erected to XanrIhurst daring the past 12 month and practically all of the residence sites in thla addition have passed to private ownership. Many of the new homes In Laurel hurtt were built by oontratcore and have found ready sale. Similar activ ity has absorbed hundreds of eites. in Irvtngton. Rose City Park, Alameda Park and adjoining additions. Ritter, Lowe A Co. reported the sate of more than 100 residence sites in Irvtngton during the year, and other realty firms have handled a large volume of busi ness in this addition, r. Piedmont. Walnut Park. University Park and the St. Johns district " have expansion that nas reached Its witnessed a remarkable tlevelopment during the year. More than 100 build insr lots were sold in . the East St. Johns district alone and the owners in the majority of cases have planned immediate construction of homes. Practically, every residence section of the city ha felt the stimulus of the homebuilding campaign and several new small additions have been plated. ADDroxlmately 135.000 wu realised from the sale of home sites in Garth- wick addition, adjoining the grounds of the Waverley Country, club, and six high-class dwellings now are under construction on the tract. A number of new homes also have been added to the communities overlooking the Wil lamette river along the Oregon City electric line and in the Rivera district on the west side of the river. , STTBtmBAJT DETELOPMEST H Development of suburban - additions on the electric lines and main high ways radiating from the city has been one of the most important features of the year's activity. Sale of the enure 66 acres platted In North Park Rose addition was announced by the J. L. Hartman company. The tract lies along Sandy boulevard outside the city limits, and was sold in one ana two acre parcels to home builders. Wil tshire, comprising 5 acres In the same neighborhood, was completely sold out by the same , firm. ; - ; : Rltlow, a tract of 135 acres on Base line, Barker and Section Line roads, was entirely absorbed by a new com munity of settlers and has been built up with more than 100 homes m addi tion to stores an . public buildings. The property was bandied byRitter, Lowe it Co. Other suburban additions handled by this firm during the year include Ventura Park, on Base Line road and Buckley avenue ; Mlddleton Acres, located on Powell valley roan. and Caiman . addition on East : 42d street near Fremont. ; Comte & Kohlman, operating exclu sively in suburban subdivisions. ; re ported the complete sale of six tracts since February, 1922. Fallow Acres, Marking Acres, Berry Acres, Hurley Acres, Ellis Acres and Bonnie View Acres were 100 per cent sold and more than 200 houses -have been completed or are in process of construction. In addition the firm reported sales ot Kl home sites- in Community Acres. Ap pleby Acres. White City park. Bound- ary Acres, Mentone, Hood Acpes, Dor riff Heights and other outlying east side properties. ..- . a , - , WITH THE COHMTnriTIES i Importance of the interurbaji com m unities to the commercial life of Portland is Indicated by the number of commuters carried daily by electric rail lines alone. Careful survey of the Interurban traffic- by officials of the Portland Railway, Light & Power com pany showed in excess of 2500 people whose business brings them to the city every day. The Southern Pacific elec tric lines carry an aggregate of 1500 regular patrons to and from the city daily and the Oregon ' Electric lines haul 1S00 people to and 1 from, their wcrk In Portland each day. making an aggregate of 6800 people, most of them on Portland pay rolls, who liver outside the city limits.: And there are hundreds of others who drive their own: cars or patronise the motor bus lines. ' These 6S00 commutors represent less than half of the total tiumber who make the dally trip to the city, : an even great number , coming in public or . privately owned ' automobile-.. In crease in the number - of suburban hemes Is reflected In report of the Portland Gas tt Coke company for the year, showing a total of 444 new met ers installed, of which more than 1100 were placed outside the ' city limit. During the year the water bureau in stalled 3$00 water connections within the city and made contracts with eight new suburban corporation-. - : . it Property in both the city of Port land and MultnomAh cocnty Is as sessed for the purposes of taxation' by the county assessor at 75 per cent of the cash valuation on land and fcG per cent of the cash value on buildings. greatest volume this year. Here Six Thousand New Residences t' k e $t tt ;7'7 ,-777 7t7',t Portland's Record for Two Years Yeat.'7 Number. -57 Valuarian:-1917J- ' 226..- $ 661.650,, 1918 : 567,.. 1.106.880 1919 1062.... 3.253,245 ().Figure to Decemlier 1 5 inclusive. BUSINESS REACH Business property leases handled by. real estate firms- during the past year run to an aggregate of many- millions of dollars and the volume of transfers negotiated ."- reflects an increasing de mand-for locations by industrial and mercantile concerns- This demand has been met In a: large measure by new construction, especially by the erection of one and two-story buildings for retail shoos and: small: matrarac- .urhig . enterprises. ; Buildings ot , this class were, Tor- the most part, erectea by property owners to meet the needs of lessees and In .this way many un profitable holdings have , been made productive. v;i--t; '' ' ,:';$'; The -valtte of the realtor to the com munity Is ; well exemplified in a lease closed recently "by which the sWIn- cheeter .Company of the -Paclner.se- cured 10 years' use of 40,000 square feet of floor space in the Montgomery Ward building. ; . ; Several, months ago officers of the Portland - Chamber of Commerce learned that the Winchester company proposed to open a distributing agency in the Northwest and asked A. R. Ritter to secure the firm's branch for Wm. Davis Davis & Holman 111 Second Street , Makers of Bound and i Loose Leaf Record Books of Excellent Quality v . - . , and Workrnanship. . 9itmiiittinmtniniiilnriiiiutniutiiiiiiiiintniMiutiiiiirniunini!iittiiititniiin I 1 nomsoncc 1 homson 1 f REALTORS 620 Henry BldgV Bdwy.488Q, HOTEL AND APARTMENT HOUSE BROKERS 7' ' . " . : Correspondence Solicited " I - WE WRITE INSURANCE IN 3300 NEV RESIDENCES THIS YEAH are some of the new residences: 1 F. H. Ransom home, . Yelr. , 1920 1921 1922 --Number?'" 996,. 2890. : 3287.. 'Valuation; $ 3.594.420 1 0,023370 11.931,520 LEASES HUGE SUM Portland, Ritter entered ; Into corre spondence with . the head of the - com pany and showed that- Portland was by far the best shipping point in the Northwest.' -,. - Other realtors .were asked by Ritter to submit properties suitable for the new industry. ,H- X.. Burpee - offered an east side warehouse . building. . Coe A. " McKenna submitted space in the Montgomery Ward building -and sev eral ether locations were proposed and examined by the lessees. Choice fell to the Montgomery Ward offering. The new firm will employ about 40 men and will distribute hardware, arms" 1 and - ammunition to dealers. In Oregon, Washington, Idaho and Alaska.- The - space taken Is equiva lent to that of an eight-story building 50 by 100 feet In dimensions. , l .-. TO - PAT $9M.M - : The .largest amount, of money . In volved, in a single lease recorded In Portland during the year was $900,009 to be naid'br Fuloo Brothers for 11 years' occupancy of 10,200 square feet of ground floor space in the McGinn building at the southeast corner of Broadway and Washington street. The Rufus C HolmjLn lease was taken from ne Metropoli tan company and was handled by the Metsger-Parker company. This firm also handled all the leasee In the four story - Fltspatrlck building at Ninth and Oak streets, the Boyer building at Tenth and Tamhin streets and many others. Aggregate value of leases re iHjrted by the firm daring the Ffttr amounted to more than $3,600,000 ; The F. EL,. Taylor cempa-ijr reported leases aggregating - approximately $1. 250.000 n addition to sales of busi ness property valued at more than $2,109,000." : ; . : - - 0vV " ,- Among the more Important - leases handled by the company during; the year was a 16-year contract for the use of the space formerly occupied by the Royal Bakery & Confectionery company in the TuU A Gibbs building at 'the southwest corner of Broadway and Morrison street for an aggregate rental, of $177,000, to Swetland's, in corporated. " , The F. U. -Taylor company also has assumed the leasing of the Porter building, formerly the Wells-Fargo building, at the southwest corner of Sixth and Oak streets, and announced that space already taken In the build ing - represents rentals : of $240,000. Other important transactions Include the lease of 110 by 125 feet of ground space at the northeast corner "of 18th and Bumside streets from the Weln hard , estate - to the Howard . Auto- moblle company tor aggregate rentals amounting to $180,000. The Dodge Automobile " company's lease on the- Cook Js Gilt , building, handled by the F. E. Taylor company, amounted rto $100.000 1- the iO-year lease taken by Hexter Sc Strauss on the building at the southwest corner i . s : i! ' , Js G. .English Gompasi- 7 148 Fifth Street English Bufldintr Between Morrison and Alder .Main 0143 - . ft Westover terraces; Z rercy wSXJi UZZ-.cjps, J of Park and - Mornoon streets, occu- pled oy the Baker - shoe store, calls for rentals 7 amounUng ?to $210,009 ; transfer of the lease, of the McDougal Musio company on a two-story build ing- on 10th street, between Washing ton and Alder, to. G.- Applegath. for eight years amounted to $65.000, . and the Taylor company has closed many other Important transactions in the business district -daring- the- past 12 months.' - - . . --.v . ' . . ' -.. Estate management' naturally In volves the development of : properties for rental purposes and in this field Strong & McNaughton have been es- peclally active, .o s'?'i --;-.'"- A- statement Just issued ny tne com pany showed an aggregate of 120 es tates with a total assessed value 'of $9,354,000. Among the Important trans actions of the year handled by the firm was the establishment of the We handle atl kind of property. Eastern Jor West-5 ern Western for Eastern Rooming Houses, Hotels, Farms, Acreages Timber, Business Chances of all kinds. Submit your' propositions nothing too large or too small.- Information to people wanting to settle in State of : Oregon cheerfully given. ; , Eastern Exchange 202 GERLINGER BLDC. - - - - .--. Well Is Half Furnished" automobile stage station at the south east corner of Park and. Tarahlll streets , and the erection of a number of store buildings on property In the neighborhood. -: j.. Leasing of space in office buildings baa been active throughout the year at rates varying from $1.60 to $2.2o per square foot In the better class build fc tags. is,- .'.--v:!--,-- f .- A recent survey of office buildings in the west side business, district showed approximately, a per cent va . candes. - The lease of seven additional stories, to he erected on the Stark street side of the Pittock block to the Union Pa cific system, and the development of the Porter building for general office uses will take care of any existing shortage of office space, according to James X. Sayer, secretary of the Port land Building Owners c Managers' association. . v Lighted