Evening Star Newspaper, January 16, 1926, Page 20

REAL SEGRE REBATES SCORED BY BOARD Philadelphia Officers Con-l demn Practice as Fraudu- | lent and Unethical. ‘ 'he rehates to tenants without making on the face of | the lease a prominent and specific notation of the rebate granted is con- demned as unethical and fraudulent by the Philadelphia Real Lstate Board in resolutions just unani- nously by its board of directors. The iction follows similar action recently 1aken by the St. Louis Real Estate Exchange, and successful efforts by Tilinols Realtors tq outlaw secret rent ebates in that State. The phrase ‘“rent concession’ has zone out of newspaper advertising in granting of rent passed ESTATE, 1. 0. ACKLEY, CHICAGO REALTOR, IS DEADI Director of National Association and Active City Worker, Victim of Heart Disease. Ivan O. Ackley of Chicago, director of the Natlonal Association of Real Istate Boards and a_member of its executive nmittee, died at his home n Chicago Janu 4, after an ill- ess of about a month. Death was to heart disease. Mr. Ackley was president of the Chicago | e Board, and was active in movements of the board for zoning the city of Chicago and for the enactment of the Tilinois real estate license law. He was chairman of the special committee of the tional Association of Real Estate Boards which organized the American Real Estate Institute and developed ltls:‘ course of study. He was 45 years ol du e Wife Granted Divoroe. Chief Justice McCoy has granted a limited divorce to Mrs. Mary A. Ser- rin from Francls Serrin. The wife charged cruelty. Attorney Raymond Neudecker appeared for her. - | trict, which seems quite likely to con- THE EVENING BUILDING RECOR 1 _(Continued | lic works and utilities: $154,050,500, or {19 per cent, for industrial and power plants; $81.215,000, or 10 per cent, for commercial buildings: and $61,552,000, or 7 per cent, for educational build- ings. Contemplated new work reported for this district during 1925 amounted to $934,190,800. Since this was only 13 per cent in excess of the total of 1awarded contract: it would usually be considered as indicating a slack de- mand for construction. But 1935 broke all uch precedents in this dis. tinue at sections Last month's construction con- tracts in the Central West (Illinois, Indiana, Iowa, Wisconsin, Michigan, Migsouri, Kansas, Oklahoma and Ne- amounted to $109,878,900. s good a rate as most other STAR, WASHINGTON D IN 1925 BEATS 1924 BY 30 PER CENT This was a decrease of § per cent from ovember, but an Increase of 45 per cent over December, 1924. The above figure brumght the year's construction total up to $1,487,808,900, being a 42 per cent increase over the previous year, which had established the record to date. The 1926 record Included: $059,420,200, or 44 per cent of all construction. for residentlal buildings: $260,841,100, or 18 per cent, for public works and utilities; § 626.300. or 12 per cent, for commercial buildings: $134.443,60 or 9 per cent, for educationul buildings. and $108, 918,300, or 7 per cent, for industrial buildings. Contemplated new work reported for this district during the past year amounted to $2,116,819,300. The ex- cess of contemplated work over work actually started was 42 per cent, or slightly less than normal, indicating a possible moderate slackening in huilding demand. D. | per cent, for social and recreational | C.. SATURDAY Building and engineoring contracts awarded last month in Minnesota, the Dakotas and northern Michigan amounted to $56,206,300, being 11 per cent undsr the November figure and 39 per cent over December of the previous year. The year's building total tor the dis- trict, 395,228,800, represented an 5 per cent increase over the year 1924 and included: $40,285,700, or 42 per cent of all construction, for residential | buildings; $14,873,300, or 16 per cent. ! for public works and utilities; $10,- 545,800, or 11 per cent, for commercial buildings, $8.118,200, or 9 per cent, for | educational buildings; $7,623,100, or 8 bulldings, and $6,318,800, or 7 per | cent, for industrial buildings. While this district had only a mod- | erate increase over 1924 and did not equal its previous high record, made| in 1923, it shows an active construc- | tion demand continuing over into 192 Contemplated new work reported for the Northwest during the 12 months has amounted,to $154,842,200, and has exceeded total contracts by 63 per cent, 50 per cent being the normal excess. JANUARY 16, 1926. REAL ESTATE, December bullding and engineering uded with those of the 36 Eastern contracts in Texas amounted to $17, | States) was $185.357.900. Complete 976,800, an Increase of 78 per cent over | Cont for Texas in 1924 are November and of 56 per cent over the | DOt &¢ % but the average monthly The year's construction total for | for Which contract records were kept. ‘ works and utilitles, and 311,1:;,1%‘6. o Texas (whose records bave not been t 'S construction volume per cent, for educational buildings They Sell Because They Satisfy The Fastest-Selling Homes in Washington Are Cafritz Life-time Homes in Petwor Inspection proves them to be not only the BEST THE PRICE CAN BUY—but BE'!TER than can be bought at from $500 to $2,000 more—be- cause the C{sfntz Construction Co. exercises its enormous buying power; and shares its wonderful saving opportunities with every purchaser of a “Life-time” Home. 11,100, or 41 per cent o fon, for residential builé ings; 70,300, or ) per cent, fo commercial bulldings: $28,200,400, o [linois since the new State law went nto effect making illegal all*leases containing any form of rent rebate unless the words “concession given' are stamped on the face of the lease d unless a statement of the amount and nature of the concession appears on its margin. This is the indication of how the new law is working which is reported to the National Association of Real Estate Boards by the Chicago Real Estate Board, which has made a varveful check of newspapers in the |- territory as part of its 0 assist n the law. The | law will eventually result in doing | away with the giving of concessions, | the board holds Real estate boards are studving the wo . We are owners and builders of communities—and Petworth is our pride. ?Zvery Home on a wide through street or avenue—with a deep terrace in front and long sodded yard in the rear. [Stap envying oumersof” 'Studebaker | Pawr-Durability-Finish, A New Group of Modern Homes $0,100 - and up Convenient Terms SEASES nois el with a 3 '\::J\m- eries, Slip Covers (Shop Price) 85c similar legislation in th tes c C Crrror W INE aton The practice of making secret re- | bates in leasing real property not only | undermines public_confidence in the Investment value of such proper is the among te: clous th The value oi & good location caunot be over estimated. LELAND, in Chevy Chase, Md., affords an environment and assured, stabilized development that is worth dollars and cents to every home-buyer! o/ Mo section of the National Capital and its suburbs has there been a more marked and definite growth of distinctive detached homes than in and around LELAND during the year just past. Now, we have completed and are just offering another new group of modern residences, combining the manifold advamtages of suburban residence with all the comforts and conveniences of the city. In LELAND you have paved streets, cement sidewalks . water, electricity, sewerage—together with large . individual neighboring homes, open fireplaces. bright, cheery rooms, hardwood floors, tiled baths large porches, fine shade trees, accessibility to cars and main highways, convenient community stores and <chools—in short, all the refinements and advantage- that create the home ideal! Yet orices are not exorbitant; the benefit oi our wide experience and specialized organization is passed on to you in the form of minimum costs and resulting sound investments ND Home will net you a generous profit ¢ price, should vou wish to dispose o QUEEEERELELTDE Placed on National Board. Harry B. Allen, for two years presi- dent of the San Fra "o Real Estate Board, has been dent of the Nat Real Estate Boar: cluding the Stat vada, Utah, Mr. Allen and__ Columbia 14.000. cinity _of 18th Road. Not over '8,950—O0Only *500 Cash! Best Buy of Six-room Homes in Petworth 4900 Block—7th Street, Petworth! Most attractive design—with all the features that make Cafritz Life- time Homes different. 6 big rooms; 3 big porches; complete baths; insulated double floor of oak; concrete front porch, with impressive wrought iron railings. Best of kitchen fixtures and a guaranteed heat- ing plant. Highest elevation. Take Ga. Ave. cars to Emerson St.—and it's only a short walk east to the Homes—or phone for our auto. Mass Park just north of Observ- After 5 P.M. Call Adams 901 E. Walt Burton, Jr. Insurance Bldg. Main 1648 « who was el istrict at the he assoctation in June unable to take the work on of pressure of private b b4 GE R ABEEGHENREBOERARETE ccount CEERTETATERNERNNTEATENE Govt. Workers will appreciate the convenient Riverside Apartments 2145 € Street N. W. The delightful location of this handsome new building, facing Potomac Park just above the Munitions Building, is but one of its many attractions. The rooms are bright and cheery, the fittings tasteful and the RENTALS VERY REASONABLE! . o One room (with Murphy bed: kitchenette and bata to living room bedroom, breakfast room, kitchen and $47.50 a month and up W-H-WE/'T G 916 Fifteenth Street 2 Main 9900 v : on your initial purch t a few years hence! Ry N i Investigate—then BUY IN LELAND! SEE THEM SUNDAY— Drive out Connecticut Ave., west from Chevy Chase Club on Bradley Lane, and north on Wisconsin Ave. three squares {o 4601 LELAND STREET. WA 925 Fifteenth Street Main 9770 day Phone—Adans 3290 6,950—Only *500 Cash! 5100 Block 8th St. N.W., Petworth One of the highest and bezt locations in this popular section, overlooking 16th street. Great big rooms, splendidly planned; 3 big porches of practical size; luxurious bath; those Cafritz closets that every housekeeper appreciates; beautiful hardwood floors; best of kitchen fixtures; guar- anteed efficient hot-water heating plant; artistic lighting fixtures. On 14th St. car line—ride to Kennedy st., and 3 squares’ walk south brings you to 8th St. Or Ga. Ave. car to Gallatin St., and it's only 1 square east to these Home=—: Or we will send our auto. OPEN DAILY For Inspection “REAL HOMES” in Brigl}:ccwood 2804 34th Street Massachusetts Avenue Heights This strikingly individual home is indeed one of unusual charm. Its beauty of finish and practical arrangement, together with the high standard of construction throughout, will command your immediate approval. Then, too, its location is ideal—facing a portion of beautiful Rock Creek Park— in the shadow of the imposing new Cathedral—and where values are rapidly enhancing. The conservatory, which has southern exposure, runs practi- cally the depth of the house. Altogether there are eight very large rooms, two completely appointed tiled baths and, also, a servants' bath. Wide lawns with foundation planting and a two-car garage. ‘10,50w0;—and tempting terms! 5100 Block Illinois Ave., Petworth Impressively located on a 120-foot wide avenue, facing big government parking reservation. Extra wide Homes—meaning all 6 rooms and 3 porches are of extra size. Built-in tub and shower; insulated double floors of oak; ‘enormous pantry; big kitchen with latest type of fixtpres; laundry and servant’s toilet in basement; extra wardrobe closet in re- ception hall; finest hot-water heating system—with separate heater and storage tank for heating service water, giving you abundance of hot water every minute of the day and night. “On 14th St. car line—riding to Kennedy and Ill. Ave —uwalk 3 blocks south—or Ga. Ave. to Hamilton and walk 1 block east—or phone us to send auto. Open for inspection from 9 A.M. to 9 P.M. Every day and Sunday 6301-6323 9th St. N.W. and 811-829 Sheridan St. N.W. Sample house—heated and lighted Open daily until 9 P.M. everything that is desirable in a d to you a cordial invitation to inspect them and see such fe: s as six large rooms, each equipped with sufficient floor plugs—tull tiled bath—hot-water heating plant—built-in refri r—fireproof, built-in garage—built-in tub—eutomatic hot storage heater—concre front porch— two rear porches—hardwood floors throughout—plenty of closet C Hedges & Middleton, Inc. Convenient to school—churches—stores- REAL TORS Iheso howes contain Real Home,” and we e. A home you would be proud to own and just full of good permanent value -post office—and bank—situated in « refined neighborhood. Price—$8,450.00 $8,975.00 Convenient Terms Samuel R. Harris Co., Inc. Ouwsners and Builders ,</lsin 6161 OTIS BUILDING 810 18th St. 1412 Eye Street N.W. DEAL WITH A REALTOR Franklin 9503