Evening Star Newspaper, May 28, 1921, Page 11

Mo I R Real Estate Inv estments Part Two. BUSINESS “SECTION’ The Foening Slar. WASHINGTON, D. C. SATURDAY, MAY Finance Classified Ads. || I 28, 1921 10 Pages . REORGANIZING OF REAL ESTATE - BOARD PROMISES PROSPERITY - Full-Time Seceetary, Permanent Rooms ULUB OPEN MAY 30 and Weekly Luncheons Decided For ~++ -Under New System‘ An era of unprecedented prosperity n the Washington Real Estate Board along not only professional but civic Alines, is looked for by officials of the Doard as a result of the complete re- ‘organization plan adopted Thursday night providing for operating the Yboard on a permanent business basis, -under the direction of an executive secretary, who will be John A. Petty, secretary of the former organization. ., The realtors’ body will begin opera- tion immediately under the new sys- tem, which resembles generally the working plan followed by the Board of “Trade, the Chamber of Commerce and other business men's organizations in Washington, and which is analagous 20 the mode of conduct of most of the ( larger real estate bodies throughout the country. * Like many of the commercial bodies “In this city it is planned to institute a series of weekly luncheon meetings n a downtown hotel or restaurant. to ‘which prominent public and private .apeakers will be invited. In this way the board hopes to exchange views with many interests having relations with real estate and thereby create a closer understanding between all “parties concerned. | g Study Other Boards. It was apparent to the committee which worked out the plan of reor- ®anization that a study of the meth. pds of operation of other boards was essentlal to a development of a plan Rdaptable locally. Accordingly the| committee obtained access to data of | Troad character collected recently by Xhe executive committee of the board, ‘overing information as to the de- 2ails of operation of such boards. The rommittee had before it not only the Socomplishments of other boards, but ! salesmen and other employes of ac- tive members of the board, property owners and members of certain allied industries and professions. conforms with the practice of other boards, it is asserted. The associate members will be permitted to attend the meet- ings of the board, take part in discus- sions and participate in other activ. ities of the board. much the same as active members, with the exception. however, that they will not be allow- ed to vote or hold office in the board. No initiation fee will be charged as- sociate members. Regarding the first class of associ- ate members, salesmen and employes of active members, including heads of rental and sales departments, etc., it was explained that the ndvantages of membership were numerous. Property owners. it was believed, with hold- ings of real estate enough to justify membership in the board. could bring considerable weight and influence into play. and at the same time receive the co-operation and support that the board will extend in al| matters per- taining to real estate. Regard to Standing. 3 It should be borne in mind in connec- tion with admitting property owners and certain classes of business men affiliated with the real estate field, the committee remarked, that proposed members, under this provision, should be carefully scruti- nized, as it is not the intention to admit ny one who happens to own real estate, nor is it intended that every business man whose work is somewhat allied to real estate be admitted without due re- gard to his character and general stand- ing in the community. It was suggested that industries and professions which might contribute such associate mem- bers includes contracting, architectural and building material equipment and supply firms, cte. Ihe various phases of the work that had been reported voluntarily as be- | 3ing inadvisable, it is pointed out. 1 : In making its report to the board! 3he reorganization committee empha- i Bized that from reports in hand iti Bppears that not a single board ever! discontinued the proposition of a full-| ime secretary after it was once $dopted. Several of them cautioned | ®gainst undertaking too many things #t the start and all reported that their ‘drganizations had progressed and| ually assumed greater responsi- es. The general trend was one f accomplishments in a broad way, ather than operating merely to reg- ate the brokerage business, it was tated. H Permanent Offices. : The committee explained that it geemed advisable to locate the perma- hent offices, comprising two rooms of The board approved the recommenda- tion that it “establish with the real es- tate editors of the local newspapers such relations as will result in some ar- rangement whereby all news and pub- licity of the board will be distributed from the headquarters office: and, fur- ther. to devise means to keep the local press supplied with the proper sort of publicity as frequently as possible, under the general guidance, more or less, of the executive committe Secretary Petty already has begun the work of carrying out the plan of the board. The first step, it is understood, will be to find suitable quarters, tem- porary if necessarv, in the downtown section. In addition to his former du- { ties Mr. Petty will be in charge of the office and all records, and will maintain the office so that its facilities are at all times available to members for their in- formation and use, subject to reasonable table size, in the central part of the ty. One room will be used as in- pffice of the secretary »nd his stcnog- Fapher and the other as a comn:irtac | ting room. The eoffice room will he . juipped with a iypewriter, desky, plat ks, flles, etc., and the other room will be provided with chairs to accom- odate gatherings of realtors. It was iso recommended that a room suifl- ciently large to hold the regular mo-t- ings of the full board should be added, as finances permit. Following the almost universal sug- gestion of other . the commitiee urged that for the time being the Wash- ington board would not undertake any wvery elaborate proposition of detailed ‘work, but should start “in a modest way and gradually grow to any accom- plishment that seemed desirable.” 1t was provided By amending the constitution of the body that the ex- ecutive secretary should be appointed and his compensation fixed by the ex- ecutive committee and that he should ‘e responsible to that committee for all | his official acts in the performance of his duties. It was advised that with this reorganization the board's activi- ties would be broadened and it would function more efficiently if its execu- tive committee, which is to be the real governing power, met weekly on a stated day and hour for the purpose of keeping in close touch with and directing the secretary in matters of policy. Te Increase Dues. The report, as adopted, suggested that the dues of active members be increased to $50 a year, from January 1. 1922, with an initiation fee for new active members of §25. It is expected. from conservative calculation, that 300 associate members can be obtain- «d_through an intensive membership drive. Associate members will taxed $10 a year. The decision to enlarge the scope of associate membership to include } | . THE ELI THE E dolla: Bt i i kil it i) e i e be ! THE APPROACH—Straight out SIXTE! rules and regulations that may be nec- essary for the proper conduct and ef- ficient operation of the office. —_— Vast building opportunities are off- ered to American business men in Constantinople and the Levant, de- clares Lucien I. Thomas, president of the American Chamber of Commerce for the Levant. Homes in town with houses in a row. from 10 to 8. Take 11th, F, 5 and 7 Room Bungalows Cash. Monthly. Cash, Monthly. $750 ; 1,000 1,500 Built, Owned, MIDDAUGH & Tenth Floor, Woodward Since 1898—*"Ne Place Like i Have you delayed the purchase of a Home » site in SIXTEENTH STREET HEIGHTS, ex- pecting to acquire it at a lower price? If So, Do Not Deceive Y ourself Any Longer CONSIDER NTH —Highest north of the cit EVATIO XTENSIVE FRONTAGE on STREET and ROCK CREEK PARK. THE MACADAMIZED STREETS, gutters, sidewalks, shade trees, sewer, water, gas, electricity ARE ALL THER THAT THE GOVERNMENT is to expend millons of rs on its adjoining property; also THAT LESS THAN TWO YEARS ago this property was accessible only by way of Georgia Avenue. TODAY SIXTEENTH STREET extends into the sub- division and ALASKA AVENUE through it. WHAT IS THE FUTURE OF THIS PROPERTY?— Continued improvement, higher prices and profit to the present purchaser. Nlustrated plat and full particulars upon request. My salesmen and automobiles are at your service to take you over the property. Phone for an appointment. Robert E. Heater 410-11 Colorado Bldg. Phones Main 1064, Franklin 2598 AT e , { Cornwell, ground all around for less than. Exhibit 12th and Shepherd. Open daily marked. “Brookland” to end of route, or call Main 6935. SIXTE e SHERWOOD FOREST | Many New Additions Promise | Even More Successful Season Than Ever Before. Decoration day will mark the open- ing of the 1921 season for the Sher. wood Forest Club, composed of many | Wasbington families who make their summer home at Iglehart, Md. above Annapolis. on the Severn river. The list of club members from this city has grown to such an extent that very few of the approximately 200 cottages will be unoccupied June 1. it is stated. The community is situated in a park of more than 700 acres. Baltimore is well represented in the membership. Making 18-Hole Golf Course. The new golf course of cighteen holes, while not ready for this sea- son, is causing very favorable com- ment from golf enthusiasts of both cities, while the present nine-hole course is already in condition for |match play Decoration day, as well as the tennis courts. Six additional duck boats have been added this vear to the club fleet of this type of small racing sloo) also several new motor boats owned by club members. The stable of saddle horses will be ready for its first club ride June 11. The central clubhouse is being en- larged to half its size again to pro- vide additional space for club dances and for bowling alleys and billiard tables Those Who Have Cottages. Among the Washington oottage holders are: Maj. H. Chase, Capt. J. M. Erwin. Maj. R. A. Osmun, Col. C. L. H. Ruggles. Maj. 'W. Lane, Com mander Richard E. Byrd, jr.; Admiral J. C. Watson, Mrs. H. H. Bresee, Miss | Coolidge. Benjamin B. Cain, H. King Mrs. Louis L. Chambers, William _E. Davis. Mrs. John T. French. Charlton Graves, Rob- ert Goldsmith, Dr. Grace L. Hurd, W. jr.; E. dleton, Inc. PROPOSED MOTION Architect's drawing of the new th: Walker Investment Corporation. The TWO APARTMENT HOUSES IN FIRM’S LIST OF SALES Other Property Transfers During Week Make Up Total of $192,000 Invested. Two apartment houses and a number of residences were sold through the office of Hedges & Mid- Transactions involved an agregate consideration of $192,000. Howard A. Bradley purchased from Emma O. Clark the apartment house at 1724 T street northwest. built sev- Maude E. Budd, Norman W. Baxter,|eral years ago by John L. Warre George T. Beall, Mrs. Elmer W.[This is a two-story, fireproof building Brandes, Leonard A. Block, E. H.|containing eight apartments ranging from two to five rooms and bath each. It will be held by the purchaser for investment. Consideration re- ported to have been in the neighbor- hood of $45.000. K. Hartung, W. Haughey, W. H.| Another apartment at 1412 15th Joyce, George Hoover, Mrs. H. B.|street, a four-story structure, con- Le Bourgeois. Miss Mabel Littell, Carl |taining nine apartments, was sold for a local investor to James W. Carmalt. D. Loose, LeRoy Mark, C. A. Mayers, rs. T. Parsons, J. H. Ralston, C. L.| Premises 1375 Irvinz street Selecman, L. B. Wight and B. M.|purchased by Bela M.” de Nemegyel Robinson. from Annie Mason Hall. This is a three-story brick house which was BUYS FAMILY ESTATE. Twelve acres of land composing the estate of the late Rebecca Sonnemann, situated in Chevy Chase, Md., between Brookville and Broad Branch roads and Western avenue and Primrose street. were sold this week in a pri- vate sealed bid sale to Theodore Son- nemann of Chevy Chase, son of the late Mrs. Sonnemann. It is understood | the consideration was large. As a result of the sale the tract will remain in possession of the Sonne- mann family, which has controlled the | property for about sixty-five.years. Mr. Sonnemann acquired the land. it is said, to preclude its subdivision for | commercial use. investment. Be Sure to See Our “SUNSHINE” BUNGALOWS MICHIGAN PARK 12th and Michigan Ave. G or North Capitol street car 6 and 8 Room Houses Monthly. Cash. Monthly. .$76 $2.500 .. .88 70 3.000 . .52 . o4 . For Sale by SHANNON, INC. Building, 15th and H Sts. ‘Heme; Mo Home Like Ours.” STREET. y. NTH [ 27 Inc., dences, chased by Kendrick He will hold it as an!Mayfield estate. This Ybrick house, recently converted by the former owner into an apartment and which will be occupied and held for invest- ment by was made in connection with the of- fice of William H. the new owner. The sale unders & Co. A house in Woodley Park, located at th street, having nine rooms two baths, with modern im- provements throughout, was sold for a local Wwho has take investor to Maud McDougall, possession. in this section, 2828 80ld for S. N. Meyer, Keegin. The house and baths, with ga- Another hot h street, was to Mary E. has eight rooms rage. One of the old Georgetown resi- 1511 30th strect, was pur- cofield from the S a three. semi-detached invested. 821 15th St. R A Few Steps From Until - E 1321 New York Ave. N.W. oand Florida avenue by the construction department of the corporation, from this week | O FOR SALE! Several apartment houses, prices ranging from $45,000 to $150,000, showing returns of 20% on amount JOHN W. THOMPSON & CO. INCORPORATED—— - $1,000 CASH Homes of Livable Size Four Large Bedrooms en for Inspection Daily, Sunday and Holidays D. J. DUNIGAN 2 PICTURE THEATER. enter and atores projeet of the Allan building will be erected at 14th stre: | ten large rooms and bath. The pur- chaser has. taken possession and is | making extensive improvements. The house at 1704 Lamont street, lone of a row of houses built some |years ago by Kennedy & Davis, was sold for Mrs. Mary E. Keegin to Ar- thur P. Weinerth. William H. Spig- nul & Co. represented the purchaser in this transaction. William F. Pendleton sold his for- {mer home at 3043 15th street to John W. Dawson. This is a semi-detached {brick house havinz a frontage of jabout 45 feet on 15th street. It con- |tains ‘ten rooms, two baths. hot wa {ter heat and electric lights. Mr. tDawson expects to occupy the prop- erty. A new house of the bungalow type, located in Takoma Park. €910 Sth street, was bought by Eugene Beatty trom Gilbert S. Seek. This is a de- tached property of seven rooms and bath with modern improvements. Louis Goldstein purchased from Frank L. Hauser the two-family apartment located at 3028 O street northwest. containing five rcoms and bath on first floor and six rooms and bath on the second. This is one of a row completed several years ago by Harry Wardman. A Six-room house of the colonial type at 513 Taylor strect was tran ferred from Louis Stein to John W. Meyers, who will ocupy it as his home. Morris Baum_ bought the six-room house at 633 Keefer place northwest from Charles F. Baucrs. BANK BUILDING DONE. Construction of the new Straus building, at the northeast corner of 5th avenue and 46th street, New York city, on the site of the historic Wind- sor Hotel, has been completed. It will be opened to the public June 1. The building, which is nine stories high, will be the home of the S. W. Straus Company, bankers. The struc- ture was designed by Warren & Wet- more, architects, and was built by the Thompson-Starret Company. | Main 1477 [ : % 14th Street Highlands § 14th Street Car Line Sample House 5511 13th St. N.W. . We specialize in de- signing large living and dining rooms, extra large breakfast and sleeping porches. Homes like these in such a location are hard to find. 9PM. Main 1267 L =, T N O T i COUNT ON BENEFTS FROM PETTYS TRP Real Estate Board’s Secre- tary Will Get Valuable Points at Chicago Convention. Decision to send Secretary John A. Petty of the newly reorzanized Wash- ington Real Estate Board as a member of the local delegation of realtors to the annual convention of the Nation- al Association of Real Estate Boards in Chicago. July 12 to 15. was made with a view to putting him in touch with secrctaries of large boards throughout the country who will at- tend the convention, it is learned. Gathered in Chicago at that time will be many experienced executive heads of real estate bodies whom Mr. Petty can consult regarding plans for putting into operation the working basis just adopted by the local board. The secretaries of the various boards have an organization of their own, it was pointed out by John L. Weaver, | and it is the intention that Secreta Petty will participate in their pr ceedings and gain valuable informa tion in connection with his new du ties. A large group of members of the 1 cal realtors' board will accompan Mr. Petty to the convention. Alfred . Gardiner, chairman of the conven- tion committee, is obtaining a list of those who desire to go and will ar- range for reservations on the train and for hotel accommodations in Ch cago. Rencrvations at Hotels. Charles F. Durland, chairman of the Chicago Real Estate Board's hotel committee. has sent word here that he already made more than 2,000 hotel room reservations for the con vention. Wisconsin has asked for reservations for 500 realtors and re- ently the state of Michizan reserved 230 rooms at the Sherman Hotel, he points out. The largest board reser- vation was made by Indianapolis, with sighty-four rooms at the La Salle. Many of the larger hotels in the “loop” already have reserved all rooms available, Mr. Durland reports. athering of Business Me of the number of persons who have indicated their intention of attending the convention. and which is expected to exceed 6,000, making it the largest gathering of busin men ever held in this country. Mr. Durland declares that there will be rooms to accommodate all who come. Those who make reservations now, however, have the privilege of choos- ing where they will stay, he points out. One of the features of the conven- tion will be an address by Frank Branch Riley, traveler, lecturer and humorist, on “Selling America_ to Americans.” Thursday morning, July 14. Mr. Riley is known as a good roads advocate, patriotic orator and lecturer on civic-affairs and public highway development. SR Building costs in Pennsylvania have dropped on an average of 63 per cent from figures for 1920, 'LARGE MOVIE THEATER PLANNED FOR 14TH AND FLORIDA AVENUE Allan E. Wal ker Company to Erect the Belmont, to Accommodate 1.500. Expected to Fill Need. Erection of a large motion picture | theater building. with stores incor- | porated, in the plot of ground at the | portheast corner of 14th street and Florida avenue northwest, is contem- plated by the Allen E. Walker Invest- ment Corporation for the near future, }it was learned today ! The new “movie” house, which will be called the Belmont Theater. have a seating capacity of 1,500 per- sons. The entrance will be located on 14th street at the mnorth end of the building. Tt is expected that the project will il a long-felt need in the Belmont street section of Columbia Heights ifor a nearby motion picture hous: In the neighborhood are some of th largest apartment houses in the cit contributing to the density of popu- lation in the communit As designed by R. F. Beresford, larchitect, the theater will have an auditorium approximately 150 f. long. with the screen at the cast end. The seats will be arranged in four sections. two in the center of the house and one on each side. with eight large boxes midway back from the screen. Three wide les will r@n the length of the auditorium and IMPROVEMENT IS NOTED IN BUILDING INDUSTRY Dow Service Report Indicates Greater Construction Activity in the Autumn of 1921. Indications in the building indus- {try point to a turn for the better lin construction activity during the {1ast half of the year, and particular- ly in the last four months, according to the Dow service report Detween now and the middle of September the st of industrial adjustments will take place. it is de- clared. These readjustments include freight rate correctlons. “During the summer months ad- justments in building material sell- ing conditions will iprices will turn from a downward {course to an upward one as in the notable case of linsced oil. which was the first basic building commodity to mark the turn downward last year from the peak marks,” the report states. “In the next two months there will develop a closer relationship between the volume and value of building permits granted and actual building construction activity. “The growinz belief that the long- deferred general building construc tion movement in this market will begin to be felt more generally in the autumn of this year s based on the present increasing activity of architects and engineers in preparing will | re- | take place and | semi-circular aisle will transverss it directly back of the row of hoxes The entrance lobby will he 25 fee wide and more than 50 feet long, witl a ticket booth at the doorway. Th reception lobhy connecting with th auditorium wiil be equipped with : skylight decorated artistically. Thy space will cnter on the women's re tiring ro and the smoking room An exit lobby will lead from the jtorium to 14th street. 1In ad there will be two exits on Flo avenue, with emergency exits on th east Adjoining the theater proper the ful length of the bullding on the 14t street side, and forming part of the whole project, will be nine stores witl one-story fronts. The store at the in tersection of 13th and Florida avenuy will have a double doorway at the corner. The corporation will carry out the project through its construction dv partment. and will con the con pleted amusement enterprise, it stated. Work is expected to begn shortly The corporation recently completer a row of stores a block away from thy site of the proposed thcater, facing 14th street at Belmont. The the will occupy the last available front age of unimproved ground on 14t} street in that vicinity. 3 |COMDR. TRAIN BUYS HOME Other Real Estate Sales Reported by Local Dealer. Commander H. C has purchased from Otis D Swett the residence at 15 Graftor street, Chevy Chase, Md. The saly wias negotiated through the office o1 William S. Phillips, Other sales conducted through thit agency are as follows Wm. H. Bell purchased from Lilliar H. Beach the apartment house at 231 |S” street northwest. This building consists of six apartments of four rooms. bath and kitchen, each Mrs. Eunice V. Brandt purchase¢ | from B H. Gruver the housc at 3204 Kansas avenue northwest. which 1 jone of the mew brick six-room ané bath_houses recentiy completed by Mr. Gruver. Henry A Lieut Train, U S, Wassmann Capitol purchasec streel purchased from Rennoe a six-room and bath 3034 Georgia avenue nofth. a M at George Hen ing street northw. M. Quirk purchased from MacCooper premises 1662 Irv. t. This is a brick | residence containing eix rooms an-¢ | bath, hot-water hecat and electric light! {plans and filing them in the various {building bureaus and of awarding !contracts upon them for action when {the building material distribution uation bLecomes more clarified.”. P e———p S % i T T L S O ,terms. arage. With the three baths, there also a conveniently built-in Tomorrow—or Monday Inspect This Beautiful Colonial Home At very first glance yvou’ll be impressed with the wonderful neighborhood—exclusive i Macomb Street---Cleveland Park It is in the midst of most attractive surroundings—with its own “natural forest” in the rear. While inside, as you go from room to room, there unfolds one surprise after another—in ar- rangement, in equipment, in decoration. All so consistent, so harmonious, so pleasing—so completely satisfactory. every ideal, will surpass every expectation, excels every previous attempt at design and construction. A Home—surpassing in comfort, superior in investment value, possessable at most moderate cost, and upon agreeable Open fo! and evening. Fale e e & A A It meets T inspection every day One of our office staff will be in attendance. o Take Chevy Chase cars to Macomb Street—walking west—just a short step. 5 s Harry A. Kite 5% aA s Owner and Builder -