Evening Star Newspaper, July 7, 1923, Page 15

‘REAL ESTATE. Constructive Ste Owners and Managers Would Ask ps Pro posed . At Building Ccnference Tenants to Share Big Increases LN Several constructive measures of importance to the owners and man- agers of business taken at the sixteenth annual con- Vention of the National Association 0 Building Owners and Managers re- cently held in Atlantic City. Among thfi most important were: nnouncement of the new building Planning . service rocently rated by the association, by which Office buildings in the future may be constructed that the maximum Tental space is obtained and efficient management and operation are possi- ble. Limitation of the height of fire Proof office buildings in the business diderict by ordinance was attacked by the building owners and managers. Elimination of 1 lease expira- tions was proposed by the suggestion that building managers stagger their lease expirations so that the burden of moving, selling space, etc., will not fall on one day of the year. b Taxes Reflect In Rent. yThe building owners and managers declared that cities and municipali- ties were now “bond jag” and that the pr cuous issuance of tax- [ free secu one of the largel s to the increas- W are reflected di- the tenants. The so rectly in ren more general ticipating office huil all leases on e and_ percentage rentals for s was advocated. Bullding owners- and _managers were told by experts in the field of cotopera apartments that this fotm of financing and building was the solution of the housing shortage of America. . The importance of newspapers as a means of assisting a rental cam- palgn through display advertising was pointed out in two prize-winning vapers presented at the convention. properties .were | &, in Taxation. sell Tyson of Aldis & Co., Chicago, and J. W. Bamford, president of the Pittsburgh Association of Bullding 'wners and Managers. Mr.” Tyson and Mr. Bamford both asserted that business was thrown into, a turmoil, telephone companies were unable to cope with the situation and that mov- ing concerns charged higher prices on May 1. Tt was asserted that no other business in the country throws || its product on the market on a single inaugu- | d; ay. By a unanimous vote the delegas approved a resolution in which it was stated by Chairman John Hall of Cin- cinnati that the ability of states and municipalities to market bonds be- cause of a tax-free feature encouragea The result of this extravagance Lad caused taxes to increase at an alarming rate, the resolution stated, and the bullding owners and mafagers pledged themselves to employ every reasonable means in which to inform the public that such “bond jags” Wwere, in a measure, responsible for the increases in rents. The convention approved the report of the tax participation commlittee, of which David Whitcomb of Seattle was the chairman, advocating the more general use ' of tax participation clauses in leases on ground-floor pace. In his annual report President hultz suggested that the tax parti- Ipation feature of leases on all office bullding space, as well as apartment space, would Serve as & means of educating the voters to the necessity of watching more closely the tax leg- islation handled by their citles and states. Contest for Papers. In two ‘contests for papers to be presented at the convention, Mrs. Freda Tilden and Andrew Steers, both of the Metropolitan Building Com- pany of Seattle received first prize of $100 each. Mrs. Tilden's paper was on “An Advertising Campaign for New Buildings” and Mr. Steers' paper was on “A Renting Campaign for a New Building.” Both Mrs. Tilden and Mr. Steers emphasized the importance of advertising in newspapers in_conduet- ing a rental campaign for a new Edge urged upon the building own- ers, who represent one of the largest groups of coal consumers in the coun- try, the necessity of iniroducing effi- olent means of operation in the boiler rooms of their buildings. The officers and directors elected to serve next year are: Earle., Shultz, Chicago, president; Lee Smith. New York; first vice president; Paul Robertson, ' Indianapolis, second vice president: W. I. Lewis, Cleve- land, third vice president; Howard Q. Loomis., Omaha, corporate secretary: Wm. M. MacLachlan, Detroit, treas- urer. * Board of directors: The officers, Waldo A. Avery, Detroit, E. M. Hor- ine, Atlanta; John_ C. O'Callaghan, Philadelphia; E. K. Van Winkle, New York; Dean Vincent, Portland, and the past president, John C. Knight, New York; E. C. Horton, Seattle, Charles E. . Cleveland: William” Marshall El- lis, Chicago: Fred L. Swetland, Cleve- land; Gordon Strong, Chicago; Clarence T. Coley, New York. LYON PARK REAL ESTATE FIRM INCORPORATES Take Over Offices of Lyon & i Fitch, Located Property. .. on The Lyon Park Realty Corporalion has incorporated under the laws of the state of Virginia. The officers are: Frank Lyon, pres- ident; C. W. Fitch, treasuver, and Charles W. Smith, secretary. B. G. Benton has been appointed sales manager. The company h ‘Thompson | AN EXCEPTIONALLY WELL BUILT DETACHED HOME OF UNUSUAL VALUE D. C. WOMAN IN Bl BUILDING PROJECT Miss Bessie L. Smith to Erect Mil- lion-Dollar Apartment House ! in Baltimore. I8 BALTIMORE, July 7 (Special).— | Miss Bessle L. Smith of Washington | will erect a million-dollar apartment house “In the Homewood section of | Charles \street, one of the most fash- ionable sections of the city, and fac- ing Johns Hapkins University grounds. The structure will rise to a height of ten stories and is planned to embody the latest advances in architecture, construction and equip- ment. Plans are being prepared by Fred- eric A. Fletcher, a local architect. | The structure will be of Georgian de- sign, red brick with narble or lime. stone trimming, harmonizing in gen eral style with Johns Hovkins Uni versity group. - 1t will contain from 135 to 140 suites, ranging from one room and bath to six rooms and three baths. | The plan will be flexible, so that as | | many rooms as may be desired within | the range specified can be supplied. | Features of the pronosed apartment include a circular entrance portico, | supported by four stone columns, & lobby extending the entire width of | the "Charles street front, a public | dining room and portico terraces on | each side of the building. Occupying |70 per cent of the lot, which has a frontage of 100 feet and a depth of 162 feet, the house will have light from all sides and will command an: extensive view overlooking the Home- wood group and Wyman Park. If plans are carried through, thes[iiif house will be ready for occupancy in the spring, it is said. BOILERMAKERS IN DEMAND. Applications are being accepted for employment as bollermaker by the labor board at the Washington navy Application forms may be se- cured from the board. The rates of | pay are $6.40, $6 and $5.60 per diem and the age limits are twenty to sixty-five years, except for honorably discharged soldlers, sallors and ma- rines. TOMORROW THE EVENING STAR, WASHINGTON, D. C. SATURDAY, JULY 7, 1923. PETWORTH THESE “BIG” SIX-ROOM HOMES 4th AND VARNUM STS. N.W. ARE SELLING RAPIDLY gt | Exhibit Homes 4317 and 4319 Fourth St. N.W. Open and Lighted Until 9 p.m. NOTE—These particular homes are wider and the rooms and porches larger than the average 6-room house. See These Homes Sunday Without Fail Take 16th Street Bus to Grant Circle and Varnum Streets, or 9th Street Cars Marked “Soldiers’ Home” to 4th Street. The Price Is Low and Terms Reasonable D. J. DUNIGAN Phone M-1267 Saving of Conl. Boiler room econ was declared to be a matter of national importance in view of the fact that the annual would fill a train of ncircle the building. “Man’s most priceless pos- sessions is the daily news” said Mrs. Tilden. “It is bec of this that display advertising mes of great importance to the new buflding, be- | cause in reading of current events, he algso reads the advertising contained in _the newspaper.” Walter C. Edge of Philadelphia was the author of the statement that the coal wasted in America would fill a train of cars that would cncircle the globe with 3,000 miles to spare. Mr. 14th St. Highlands | Superior Location 22 Sarle Shultz of Chicago. who was re-elected to serve another term, announced the work of the building planning service, which has already affected economies in construction of buildings, improved the rentability of the space and in- creased the amount of the “space in three separate instances. Plans for fearrying out the new service on a braader scale were included in Presi- ! @ent Shultz’s announcement, in which he declared that at this time of high building costs it was important that bulldings eliminate the “high cost of guessing” as to the probability of obtaining a suitable income. A Beautiful Location 3014 Park Place N.W. Facing Soldiers’ Home Park A delightful home, containing aix rooms and bath. All modern ard in excellent condition. Superior Construction " Close to 14th St. Cars Home Values Absolutely Without Competition 5411 13th St. NNW. (SAMPLE HOUSE) This could be done, he pointed out, through the building planning serv- ice, which has received the indorse- ment of investment bankers, archi- téts and building owners. President Shultz made a report of the work of the bullding planning service before a meeting of the architects at the home and city beautiful exposition held on the Million Dollar Pier in At- lantic City. The attempt to limit the height of buildings was characterized by Col. Gordon Chicago as an nstitutional rights 722 2 2 Possession at Once Price, $8,500 TERMS ‘Open All Day Sunday for Your Inspection, L. E. Breuninger & Sons 706 Colorado Bldg. Main 6140 77 % NN “The Subdivision 400 ft. Above Wa.thingta:n" = Lee Heights Office, On the Property, Clarendon 132-W-1. City Office, 1420 New York Avenue Main 1145 5404 Colorado Avenue Northwest Substantiall crete porch, wide around front lawn. Situated on a large lot, 50x125 fect. This home contains nine large rooms and three baths, including servant’s room and bath, built-in breakfast porch and sleeping porches, with a large double garage in rear to paved alley. Open for Your Inspection Every Day and Evening Inspect Sunday L. E. BREUNINGER & SONS - Phone Main 6140 706 Colorado Bldg. 635 Irving St. N.W. e lale——lol——alc——[o|——\ 8,950 B — es Today and Tomorrow Of the 12 buildings there is only one left. The Must Be Seen to Be Apprecmted—-—Best Values attractive outside appearance and the superb inside fin- 6 250' Why Pay More? ) % g2l City’s Best Buy in a Brick Home ess Than Rent The Realty & Investment Corporation ! : 75 § of 3 - - : A large six-room house; two baths; built-in garage; with large porches and many other interest-- ing features. , constructed of tapestry brick. Broad con- front steps and artistic rough granite wall 7% out due process ot law. The conven-| tion went on record as upholding the view of Col. Strong. { The elimination of May 1 lease! expirations championed by Rus- 722 Z 7 727, To Inspect Take Any 14th St. or 9th St. Car to Houses Open and Lighted Daily A Until $ PM. D. J. DUNIGAN 1321 New York N.W. 2 72 7% This home is of six large rooms and bath. Large front porch across the entire front of the house. Break- fast and sleeping porches. Hardwood floors and trim. Hot-water heat and electric lights. Built-in refriger- ator. Stationary tubs and toilet in the cellar. Phone M. 1267 Priced under $9,000 and on very easy terms, this home is easily the most attractive that can be bought in Washing- ton today. > T For Bargain Hunters . New Brick Homes—$6,550 .. Only $600 Cash Payment 18th and East Capitol | No place in the city can you find such unusual homes at such unusual price and terms. Six rooms and bath, paved street, deep back yard—with all modern equipment. Washington ' 735 13th St. N.W. Main 2908 ‘ Put Off Seeing Our . Illinois Ave. Homes Only Three Left | 6 Sold Before Completed ol i Beautifully located between two parks, Bullt i 5 and planned with the thought and care that ap- plies o the most expensive homes, is only one of gawge ithe reasons they have sold before completed, *TX| N $8,750 i $1,000 Description L Tapestry Brick Homes, both English and Colonial style. Your choice of an open con- crete or covered front porch. - Double rear porclfes, including large sleeping porch. Tile bath, electric lights and gas, excellent gas stove and enamel sink and drain board. Lot extends back to improved street. Space for garage. Bedrooms extend full width of house, and each one contains two large closets. Concrete cellar under entire house, with laundry trays. ' ONLY FOUR LEFT i See Them ‘Today and Sample Home, 2436 2d Street NE. Let Your Rent Pay for a Home Open Daily and Sunday for Inspection ; o TO INSPECT— t goes out R. I. Ave. N.E., get. off at 4th and R. I. Ave, walk 2 blocks Iv.ukle ::yA?-';n‘lh:n: 1 block north on Second to property. Or_pllone!or!reeaum service, MORRIS CAFRITZ CO * $75 Per Month Inéluding. all Interest and Principal Sample No. 4507 Ill. Ave. - Open and Lighted for Inspection Daily from 9 am. to 10 pm. Chas. D. Sager Owner and Builder 924 14th Street N.W. wie M BEEVER=ICOSC..... - 1415 Eye Main 36 Main 37 M. 4752 N