Evening Star Newspaper, June 30, 1923, Page 17

REAL ESTATE- Rentable Area in Office _Building REM_ [SIATE MEN Bnlargedy New Planning B o i RPORT Saving of $250,000' and $22,500 More Revenue Expected From Study of Plans by New und valuable ideas in the con- Btruction of office buildings have been developed by the new building plan- ning scrvice committee of the Na- tional Association of Building Own- ers and Managers, the reports of Which in connection with the com- pletion of Its first commisslon were available in this city yesterday for the first time. The committee is headed by Earl Bhultz of Chicago, president of the national assoclation, and on the per- sonnel are experts from New York, Boston, Clevelund, Detroit, Chicago and other large cities where the con- struction of office buildings consti- tutes an important phase of the build- ing Indust The first commission of the e tec was received from S, W, Co. to analyze th $14,000,00 lding. now being er at i ckson boule Chicago. committee remained in conference for two days, and went over eve detail of the proposed structu Many valuable suggestions were off building man- ers, w ble, through their ears of experfence in'the highly spe- cialized fleld of building management, to judge the building from the man- ager's point of view, rather than from the standpoint of ‘the architect or owner. May Save Recommendatior the building m mean u saving more tha 250.000. ite of what were al ich wiil ruction of & wax done in ady considered Straus building. re made ably ofice Spic a et nation of th s of the S suzgested may add the rental portio the south sideof the 00 . of which & net it i Lo 4, inas- distributed of the thought s to cut down able area of the enabling a saving and p - the builders 5 to this thought order that wherever possible to the tenant was to be en- ugh better an effi- vement of these bu the bulldi oper max s the execu- | 1 as for the hun women who dail 1 = < building headquarters. No Fight on Architect. conference, represent- of business in office ing con. 1o sup- in the to sup- work la d design, piement ideas for erv) and efficiency, both the stand- point of owner and tenant. In explaining the formation and of the building planning com- . CEx hultz ed that it bu costs essitate sctback on the | in | { thou Siie Committee. ing throughout the country, is, in addition to Mr. Shultz, chairman, com posed of the following members: Clar- ence T. Coley, FEquitable bullding, New York; W. H. Ballard, manager of several large buildings in Boston, in- cluding the chamber of commerce building; W. M. MacLachlan. Penob- scot building, Detrol S. Halliday, associated with the construction of the Union Trust Company of Cleves land, Ohio; Louis T. Clark, manager of the Wright & Callender building, Los Angeles, Callf,, and Lewis B Ermeling, secretary of the national assoclation. S.J. T. Straus, senior vice president of 8. W, Straus & Co., in approving the work of the National Assoclation of Building Owners and Managers in creating this bullding planning com- ml‘!luu to co-operate with bullders, sald his meeting of the building plan- | ning committee, which I understand | 1s the first of its kind ever held in the history of skyscraper construction, tas been a distinct success, and has undoubtediy saved our company many thousands of dollars. I heartily en- dorse both the principle and its ap- | plication, and congratulate the Na- “llnnnl Association of Bullding Own- |of an idea which will contribute ma- terially to the advancement of effi- |cient and sound office building con- | struction.” BUILDING OF HOME - TRAINS IN SAVING. | Investment Starts Habits of Thrift and Payments Will Yield Real Profit. | Home bullding is an ideal suving and earning money. Financial " obligations. like insurance premiums and home bullding payment, must be | met, und consequently a determined effort will be made to meet them once they are incurrred. Plainly speaking., home building is busine It is u business of sav- Ing and investing money for sufe, sure returns. It does not involve H sks if you go at it In a businesslike And home building will net | ou a profit just as any other busi- ness should, denending upon the good | use in conducting your home build- ing operation. satisfy vourself that home d owning is the logical 1 thing to do, you | should not hesltate to take the step wuse of the financial obligations home building requires. It is wrong to belleve that home | financing is a yoke of everlasting {indebtedness. It is really the begin- ning of a ®avings and thrift cam- {puign. Home building has started ands of people with limited In- mes on the road to independence— people Who under ordinary circum- stances might never have bullt a bank | vestment. Aside from the real joy and ‘satis- constructic enable build- | - ings to op < the | OWning a home of your own, there d to|!s the added profit which caemes aasist not only owner. s | through acquiring the thrift habit— as well “A surv Owners last that space of able. it is our b aof unrentable to a great exten by the Bullding | A *Association people are infallible when it “revealed | comes to habits. Suppose you start ut of the floor |& bank account with the intention of buildings was rent- | Saving, but with no stated obligation lief that the margin | to meet; You grow careless and use can be cut down |your money for other and immediate purposes. On the other hand, pay- The building nning service com- | ments on a home must be met at a mittee, which now -available to|stipulated time, and the home owner ogpners who contemplate new build- | takes every means to meet them. on ers and Managers on the conception | | Judgment «nd sound management you | iship in prevention of future wars. 'BUY BANK BUILDING ccount or accumulated enough | building is savings to make any substantfal in- | first floor of which was occupled for | ction that come from building and | the Continental Trust Company. it to meet home | Also Hear Address by Gen. Lord at Closing Session in Cleveland. By the Assoclated Pres CLEVELAND, Ohio, June 30.—An address by Brig. Gen. H. M. Lord, fed- eral director of the bureau of the budget, Washington, and reports of committees and divisional chairmen brought to a close the sixteenth an- nual convention of the Natfonal As- sociation of Real Estate Boards here today. Brig. Gen. Lord spoke on Nation's Business.” Previous to the enactment into law of the budget and accounting act, which recognizes the President as the | head of the government's routine business organization, no attempt was made to keep expenditures within probable receipts, he sald. The government at the beginning! of this fiscal yeur was faced with a' program of expenditure as m'epuredl by the various departments of $523,- | 400,000 more than the expected re- | ceipts. Under the new system Presi- | dent Harding ordered a drastic revi- sion downward of proposed expendi- tures, with the result that today “we expect to balance the budget with u surplus of $200.000,000 approximately over expenditures. Apartment buildings co-operatively owned by tenants are' an important factor in solving the housing problem, E. A, MacDougall of New York de- clared in an address. He predicted that within a few years they will replace private houses near large cities through- out the world. ssing the future ‘course of farm lues, C. R. Chambers of the bu- ricultural economics, Wash- ington, declared that there are three probieins connected with the relation of land income to land value. They aie the rate of return on current luation, what rate of return farmers demand on money invested in farm lands, nd the actual return on the Investment. “The selection of next year's meeting place will be made by the board of ditec- tors. The annual dinner to local and state presidents was held last night. Newton D. Baker, former Secretary of War, the principal speaker, made an impassioned appeal for America to take the leader- “The | i | HERE AS INVESTMENT Jacob and Hannah Liebster Pur- chase Eight-Story Structure at 710 14th Street. | Sale of the Unlon Bank building, 710 14th street northwest, has been announced by Shannon & Luchs. It was purchased by Jacob and Hannah Liebster from the Continental Trust Company. The new owners are un- derstood to have pald approximately $350,000 for the building, and will hold it as an Investment The sale price was not named in the deed. but it was known to be held for $350.000. Together with the Commercial Bank building and the Bond bullding, it occupies the entire frontage of the west side of 14th street between G street and New York avenue. The! an_eight-story one, thel ears by the Union Savings Bank un- | 111 the merger of that institution with } RAISE DUES OF MEMBERS. Raising of local membership dues to $i0 is reported to the Nat al Assocla. tion of Real Estate Boards by the St. Louls and the Oakland real estate | boards. The Glendale, Calif.. board : has ralsed dues from $5 to $60 per | year. The new amount will cover membership in the National Associa- tion of Real Estate Boards, individ- ual membership in the California | state association and subscription to the Natlonal Real Estate Journal. The Perfection of Home Comfort In Sixteenth Street Highlands modern, of course, and in perfect condition. 1408 Kennedy St. N.W It is a wonderful home in an ideal location—the lot fronts 75 feet— But Come to See it Sunday OPEN FOR INSPECTION ALL DAY LONG SATURDAY, VALUABLE BUSINESS PROPERTY ON FOURTEENTH ES OWNERS. | | ragut street: | 000 | | Bank B ng, 710 14th hix week for a price, said to | the neighborhood of $350,000. It was disposed of for the Continental | Trust Company, te Jacob and Hannah Lichbster, by Shanmon & Lucl has been forwarded in Denver and in | PHASE OF CITY PLANNING | if07m55,50 a2 i Wancisco | GETS POPULAR APPROVAL | t5ionims Siatis e5r ciuic benters ‘com: | | parable with the wonderful municipal | lan bein worked out in Springfield, | Development of Civic Centers Pro- | Mass. = & Y., |~ The Buffalo, N. Real Estate moted by Real Estate Boards | Board has recently given its services in the West. to the city in the appraisal of the | Development of large lands to be acquired by Buffalo for plans for | Its civic center. ! civic centers. a phase of city planning | in which constituent bodies of the | Natlonal Assoclation of Real Estate Japan is now carrying out a sys- Boards have had an important pa tematic program of detalled topo- graphie ping of its entire area Our New Brick | within JUNE 30, 1923 BUILDING FOR WEEK TOTALS §749.050 Permits Issued Include One for the Erection of $375,000 Structure. Bullding permits issued during the week by the Commissioners aggre- gated In value $749,650, the largest being for the Sanitary Grocery Com- pany to build at 1815 4th street north- east, at a cost of $375,000. Other per- mits follow: A. Alpert, to repair, 329 E street southeast; cost, $1,700. J. P. Dodge, to repair, 216 8th street southwest; cost, $1,000. Mrs, Emlily A. Brauenstein, to build, 2909 South Dakota avenue; cost, $7,600. D. J. Dunigan, to build, seventeen houses, 200-212 Webster street, and 201-219 Varnum street; cost, $85,000. M. G. Lepley, to build, 4100 Nebras- ika avenue; cost, $10,000. Washington Heights Presbyterian Church, to repair, Kalorama and Co- lumbla roads; cost, $18,000. G. W. Decker, to repair, 1013 H i cost, $£2,500. Phillips. to build, 3720 Macomb cost, $60,000. A. B. Campbell, to build, 5000-5004 Jumes place northeast; cost, $1,600. B. Asher, to erect garages, 270 13 34th place; cost, $4,000. F. Frazono, to build, 522 chusetts avenue; cost, $26,000. N. H. Luttrell,’ to repair, 1401 14th street; cost, $25.000. Peoples’ Drug Stores, to repair, 15th and Benning road; cost, $2,250. F. L. Harword, to build, 1555 Haw- thorne place; cost, $5,000. S. C. Johnson, to repair, 1116 Con- ecticut avenue; cost, $1,000. J. €. Zirkle, to build, 2936 Newark street; cost, $18,000. W. A. Dunigan, to bulld, 807-815 Far- cost, $18,000. Stone & Falrfax, to repair, 1306 H street; cost, $1,000 L. P and G. F. Stewart, to build, 1718-1736 A street southeast; cost, $15,- Massa- Harrison Ewell, to erect garage, 12 W _street: cost, $2,000. T. A. Jameson, to build, 1722-1740 Potomac avenue southeast; cost, $40,- 0060. NAMED TO DENVER POST. L. F. Eppich, president of the Na- tienal Assoclation of Real Estate Boards, has been appointed a mem- ber of the bullding zoning commission of Denver, just created by the city council. The voters of Denver at the May election authorized the council to create such a commission and to zone the city. The new commission will attend the Cleveland convention of the National Assoclation of Real Estate Boards to take part In the discussion on zoning. DUES COME IN FAST. list of all real estate boards the territory of each vice president of the National Assocfation of Real Estate Boards who are de- linquent in the payment of national dues has been sent out to each vice president, In accordance with a new association plan. The vice presidents are sssisting the assoclation in the general purpoge to put its affairs on & business basis. Results in the com- ing in of dues are already apparent. A Sen_li-Detached Homes IN OUR Intown Suburb 14th Street Terrace Also a Big Success Entirely new in Washington home designing and planning. They have met with most favorable comment and acceptance. The clubroom, or man’s room, with extra toilet on the main floor, is again making a strong appeal. This is a four master bedroom home, with a big, spacious attic and many new home comfort additions. The separate cold stor- age room, the partitioned furnace and coal room, a newly designed kitchen and living room, with a big English fire breach and open fireplace, an entirely new stairway treatment are a few of its notable differences. We also have in this same Intown Suburb a Bungalow from anything you have seen. There are just three of these $12,850." Very little if any more than you are called ordinary houses. ti_tlxite different omes left at upon to pay for just A sample of a large Detached Home of which we have just sold six is now open for inspection. These Homes sell for $16,250. They are built for families who will pay as much as $22,500 for a home. Take Time Now and See This Great Development Over 200 Homes Already Sold Among the purchasers are Builders, Engineers, Real Estate Men, Government People, Business Men—all people who know Values. That's our Success—Values. WHY PAY MORE To Inspect Take any 14th St.-car to Ingraham St., or-drive out 16th St, and through Colorado Ave. et b HANNON- & LUCH! Builders and Owners REAL ESTATE A utos Revolutionizing World Of Business, Babson Declares Money Spent for Cars Is Kept From Other Trade~Shoe Dealers Hardest Hit by “Generation on Wheels.” BY ROGER W. BABSON. Special Dispatch to The Star. ALBANY, N. Y., June 30.—We all marvel at the great growth of the automoblle industry, the capital in- vested, the men employed and the auxiliary lines which have developed on account of automobliles. Some of us try to figure what this capital and these men would be doing today if it were not for automobiles—how many more homes there would be— how much more rallroad mileage, etc Very few, however, have realized that automoblles are entirely changing the fundamental character of our children and this in turn may revolutionize many industries. New Generation on Wheels. ‘When we were children a ten-mile drive was a considerable trip. A 150 miles was a great journey for which we would prepare for weeks. Many of us never traveled that far until we | were grown up. Today, howe situation is very different. wlll go 150 miles for 2 Sunday drive. Our young people use automobiles to | g0 to the store and to church. They have become a necessity. We are raising a generation which will ac- | tually work and play on wheels. | ‘This cannot help but greatly de-' velop certain industries and harm others. At present the automobile is | greatly helping the building industry because of the millions of people moving from the cities to the suburbs and country. After, however, this exodus has been completed, the build- ing industry will fall flat. Wh Because instead of a young married couple now saving for a little home— they save for a car—or rather they | buy a car on credit. Less money wiil be spent upon clothing than othe wise would and a different kind of clothing will be in demand. New dis- eases will develop and a change in | dlet will be necessary. A generation | on wheels must eat much more fruit and fresh vegetables than a genera- tion which walks, Problefh Requires Study. Every business man should study this problem and ask himself how his business will be affected when o generation lives which almost never walks. The road builders will greatly benefit; but the shoe dealers must suf- fer. With a given population, less 18 produced by a generation on wheels | than by a former generation which | did not know the automobiie. If less is produced, there will be less to di- vide. This means that many people must go without other things If they ineist on having automoblles, (Woodley Rd.) ninety homes from $15,000 to struction. Wooded villa sites, guess is that they will so Insist, I believe in the permanence of the automoblle industry—although, of course, many small manufacturers will be crowded out and 1924 may see an over-production of cars. The in- dustry as a whole, however, is stablo and is here to stay. The difficulty is coming when the man who now buye on credit and assesses his em- ployer to pay the bill, can no longer do this. Most industries will stand #uch an asséssment once; but very few industries can stand such an as- sessment continually. Question Hard to Answer. The laborer whom you are now paying $26 a week can buy his first car and can assess you to pay for it by demanding $30 per week instead of $25. But can he assess you for his second or third car; and can his chil- dren do the same thing? Frankly, I do not know. Only the future can i tell, The automobile industry is largely responsible for the condition of busi- ness today. The fact that the Babson- chart stands at 1 per cent above nor- mal compared with 17 per cent below a year ago is due largely to the auto- mobile industry. When one conside that during the first six months of 1923 most states will show as many new reglstrations as during all of 1922—it is remarkable that business has not boomed more. The only an- swer {s that people have bought auto- moblles {nstead of buying eomething else—that is, the sales of other things have fallen off correspondingly. The law of action and reaction is absolute. Now, what will be the re action of a new gen which knows not the Joy of wi (Mr. Babson, the noted statisticiag, & regular contributor to The Star, will con tiuue hin special articles on business and financial conditions in next Saturday's Star BUILD NEW OFFICE. The Evanston, Il., Real Estat Board has joined the growing band o: member groups within the National Assoclation of Real . Estate Boards, who are building their own homes The Evanston bullding, estimated to eost $50,000, will be & two-story brick and stone structure, the lower floor rented for merchandising. The Los Angeles Real Estate Board is having a new home built for including auditorfum space to ac commodate its needs. The board i leasing for a ten-year perfod. E e ol Commandant Westbrook s the one left of the seven lassies who cam: to the United States in 1880 to estab lish the Salvation Army in America She is now past seventy years of age and still active Massachusetts Park Washington’s most beautiful residential section of detach- ed homes. Containing seven million feet of forest-covered land, with six miles of improved streets. “The Triangle of Increasing Values” between Connecticut, Massachusetts and Cathedral avenues Over four million feet of land sold. Over Includes what remains of $200,000 built and under con- lots and central and side hall brick homes, with lots from 50 to 115 feet front—Park Office, 32d and Cathedral Ave. (Woodley Rd.). . Middaugh & Shannon, Inc. Woodward Building, 15th and H Sts. Established 1809 A Decided Bargain Chevy Chase 5322 41st Street A delightfully situated home about 24 squares west of Connecticut Avenue via Jocelyn Street. Description Colonial porch; eight splendid rooms; four bedrooms; tile bath and extra tile lavatory; Ilvln& room with open fireplace; hardwood floors; fast p:rd\; vapor heat built-in refrigerator; stationary tubs electric Hghts. G.rlie. Exceflent condition through- out. Attractive Terms Open All Day Today and Sunday BOSS & PHELPS Realtors Main 4340 1417 K St. NW. The Home of Homes SUSSNE S NN Look Mother! See H. L. THORNTON’S NEW BUNGALOWS 2 Sold This Week Nos. 21 and 23 Elm Ave. and 6713 and 15 2nd St., Near Laurel Ave., Takoma Park. , location, conylt d: ‘:'lor‘n1 -:g In addition to the five larger rooms, tiled ‘bath a ld:rcg.cr-s'ile:';ingnp:rch on first floor, there is space to make two or three large rooms on_the second floor when you require more bedrooms. The exteriors are very attractive. Houses have all modern improvements, including open fireplaces and hot-water heat. Large lots with room for garden and chickens. Prices, $9,000 to $9,500. Terms easy. On Sunday take 14th st. cars marked Takoma Park” and off at enl of lne. Inquire at No. 31 Laurel Ave. for H. Thornton’s new houses. H. L. THORNTON Owner and Builder Office—1416 F Street Northwest Phones—Office, Main 7403; Home, Columbia 1957 These homes arc ideal in