Evening Star Newspaper, December 29, 1928, Page 16

THREE PARTHENT HOLSES PLANNED Total Cost of New District Projects for Week Esti- mated at $2,487,025. Construction of three apartment houses, having a total estimated cost of $2,250,000, was provided for in plans approved during the past week by the building inspector, Col. John W. Oeh- mann. Other projects include dwellings, most of the costly type; a mattress factory and numerous repair and remodeling operations. ‘The total cost of all new projects ap- proved was estimated at $2,487,025. The largest item in the new list is that providing for a $2,000,000 apartment to be erected by the Cafritz Cumlrucuon“ Co. Permits were issued as follows: Cafritz Construction Co., owner and | builder; Harvey H. Warwick, architect; to erect one 8-story brick and concrete hotel apartment building, 1900 F' street «ots 12, 23 and 819, square 122); to cost $2,000,000. S. M. Biron & Sons, owners and| builders; George T. Santmyers, archi- tect; to erect one 5-story brick apart- ment, 1426 Chapin street (lots 40 and 70, square 2661); to cost $150,000. Five-Story Apartment. Rogers M. Fred, owner; Fletcher Fire- proofing Co., builder; William Harris, architect; to erect one 5-story brick ent house, 1750 Harvard street (lots 813, 815 and 817, square 2589); to cost $100,000. Charles J. Stein, owner; Alvin L. Aubinoe, designer; D. E. Bayliss, build- er; tq erect one 1-story concrete block mattress factory, 2122 Twenty-fourth place northeast (lots 21 and 22, square 4258) ; to cost $75,000. Edward Volland, owner, designer and builder; to make repairs, 451 R street (ot 58, square 508); to cost $1,000. Chesapeake & Potomac. Telephone Co., owner; Voorhees, Gmelin & Walker, architects; S. J. Prescott Co., Inc, builder; to make repairs, 725 Thirteenth street (lots 11 and 29, square 288); to cost $25,000. Charles A. Block, owner and designer; to erect addition and make repairs, 724 .Seventh street southwest ~ (lot 812, square 468); to cost $1,000. American Building Corporation, own- er and builder; Marcus Hallett, archi- tect; to erect one 2-story brick dwell- ing, 1630 Van Buren street (lots 44 and 45, square 2744); to cost $30,000. Henry J. Connor, owner, designer and bullder; to erect one 3-story brick dwell- ing, 4543 Klingle street (lots 1 and 2, square 1608); to cost $12,000. Mrs. Malcolm S. McConihe, owner; George N. Ray, architect; Moran Mc- Conihe, builder; to erect one 2-story stone and tile dwelling, 2406 Kalorama road (lots 25 and 818, square 2503); to ©cost $55,000. Foundation for House. J. H. Stadtler, owner; to put house on new foundation, 5233 Sherrier place Alot 806, square 1417); to cost $1,000. L. E. Breuninger & Sons, owners and builders; H. L. Breuninger, architect; to erect one 2-story stone and frame dwelling and garage, 7613 Morningside drive (lot 18, square 2774); to cost $14,500. Louis Miller, owner and builder; J. A. Melby, architect; to erect two 1-story brick additions for garage, Sheridan road and Nichols avenue southeast (lot 122, square 5868) ,czo cost $3,000. = gs Co., owner; George T. architect; Walter Case, ; to erect two 2-story brick dwellings, 753 and 755 Morton street (lots 87 and 88, square 2894); to cost| adc $9,800. John J. Widmayer, owner; to erect one brick garage, 3600 S street (lot 51, square 1305); to cost $600. Fulton R. Gordon, owner and builder; Roy L. Ingram, architect; to erect addi- tion. 2935 McKinley street (lot 8, square |2310); to cost $4,000. Osbia McMabain, owner and bullder; R. C. Archer, jr., architect; to make alterations and erect additions, 784-86 'Lamont street (lots 69 and 70, square 2892); to cost $900. S. A. Kerney, owner; B. R. Lemke, builder; to erect one concrete block ga- rage, 2413 Bladensburg road northeast ;?:)'o‘ 13 and 14, square 4356); to cost Repairs Planned. ‘Thompson Selby Co., owner and Builder; L. W. Giles, architect; to make repairs, 910 Eighth street southeast (lot 815, square 928); to cost $500. Harry R. Jaffe, owner; to make re- pairs, 115 H street (lot 805, square N-563); to cost $500. J. A. Turner, owner; R. K. Ferguson, Inc., builders; to erect retaining wall and make repairs, 2823 Eleventh street «(lot 48, square 2857); to cost $300. ‘Watsontown Door & Sash Co., owner and builder; to make repairs, 1334 \Eleventh street southeast (lot 6, square '1001); to cost $300. . ;. John E. and Elsie V. Willis, owners; John E. Willis, builder; to make re- pairs, 3544 T street (lot 35, square 1302); to cost $575. Boys' Club of Washington, D. C., owner; M. S. Ricci, builder; to stucco frame sides of premises 230 C street (ot 35, Reservation 11); to cost $500. ‘The Fourth Presbyterian Church of ‘Washington, owner and designer; C. A. Campbell, builder;. to make repairs, 2715 Thirteenth street (lot 55, square 2859) ; to cost $750. Federal Construction Co., owner and builder; to make brick repairs, 162 six | REAL ESTATE. THE EVENING STAR, WASHINGTON, D. ¢, SATURDAY, DECEMBER 29, 1928. | Heads Finance Bod Development Co. OFFICE BUILDINGS INDICATE SURPLUS Construction of Rental Space Shows Nation Prepared for Three Years Ahead. “The past few years have witnessed a building boom in the construction of office buildings that is unprecedented in any period in the history of the Nation; more buildings have been added to the list of notable structures in the United States, with the result that America today finds itself amply pro- vided for in office space requirements, says Paul Robertson, president of the National Association of Building Own- ers and Managers. “We are entering the new year with an_available surplus of office space sufficient to care for the needs of an expanding business in the Nation. for a period of at least three years. The percentage of vacancy is, however, little more than the normal 10 per cent, which is estimated by every successful building owner and manager as nor- mal,” he reports. “Due to the high cost of building operations, there can be no expectancy of general lowering of rental rates. In fact, the contrary is more likely, since tenants moving from the older to the most modern buildings expect and are weilling to pay more for their space. “There is a growing realization among business establishments of the Nation that efficiency of employes, demanded today, can come only through the pro- vision of adequate floor area to insure elimination of noise and proper work- ing quarters. This, in no small meas- ure, has been accountable for the ab- sorption of much of the new space that has come on the market. “There will be no unstabilizing in- fluence caused by new buildings coming on the market during the next six months. There are, however, danger signals flying for those who expect to id to the office floor areas in the months that follow, since they will find that their additions will bring the occu~ pled floor area below the normal, in most cities, thereby bringing into play the inexorable law of supply and de- mand which may result in a disastrous effort upon those holding large floor areas which are unrented. “The cost of the production of office space is so high that rental rates can- not fall below the rates prevailing in most cities of the United States with- out a serious financial loss to those owning and operating buildings in which cheap rents prevail. “I do not look forward to any serious recession in the amount of building. There are enough projects already on the architects’ boards to insure a fairly active building year in the ‘office build- ing line. A four-billion-dollar building year (including all classes of buildings) may be assumed as normal, of which one-eighth of the building construction will be in the production of office buildings.” Head of International Association Charged With Tllegal Use of Mails. 'TAMPA, Fla., December 29 (#).—, Co-Operative Detectives’ Association of ‘Tampa, who recently mailed a num- ber of letters to prospective clients, suggesting the efficiency of his com- pany in watching husbands and wives, was in jail today in default of $1,000 bond. Tllegal use of the mails was charged against Willlams. Postal inspectors, who arrested Wil- liams yesterday, said that the latter had sent other letters, threatening debtors, and had offered “positions with badges and handcuffs” to students of his detective training school. The Adams street (lot 56, square 3121); to cost $300. course, the letters pointed out, lasted six months, and the fee was $40. IT IS IMPORTANT HOW YOU DRESS YOUR “A In cHEVY CHASE - \lea\r'lfl"a DDRESS™ IS MORE IMPORTANT We will hel you Finance the building Full Informa tion and Plats on request Thomas J. Fisher & Company No. 738 15th St. N.W. 2. * Main 6830 DETECTIVE CHIEF JAILED. B. Williams, chief of the International | ‘The real estate market generally over the United States was slightly more active during 1928 than in the preced- ing year, while selling prices for the most part were stationary, with more cities reporting declines than increases. ‘The semi-annual survey of the real estate market just completed by the National Association of Real Estate Boards, covering 341 cities, shows that the market was more active than it was a year ago in 35 per cent of the cities reporting, while 35 per cent reported the market the same as last year and 30 per cent reported less activity. Sell- ing prices were reported higher than a year ago by 14 per cent of the cities, the same in 52 per cent and lower in 34 per cent. Rents of single family dwellings were reported higher than a year ago by 9 per cent of the cities, the same in 55 per cent of the cities and lower in 36 per cent of the cities covered by the survey. Rents in two-family dwellings were reported higher than a year ago in 6 per cent of the cities, the same in 54 per cent and lower in 40 per cent. Apartment rents were reported higher than a year ago in 16 per cent of the cities, the same in 68 per cent and lower in 16 per cent. Subdivision Activities. Of the cities covered by the survey, 16 per cent reported more activity than ROCKVILLE PIKE TRACT BRINGS PRICE OF $200,000 Joseph P. Shapiro of Washington Contracts to Sell It to Hunt Brothers. Special Dispatch to The Star. ROCKVILLE, Md, December 29.— Contracts have been signed for the sale of a tract of 36 acres of land on the Rockville pike adjoining Chevy Chase Gardens, a short distance below Be- thesda, at a price approximately twice that reported to have been paid for it four years ago, it was announced here today. . The purchasers are Judge Harry J. gomery County and a brother, Richard C. D. Hunt, who have contracted to ac- quire it from the present owner, Joseph B. Shapiro, operator, for a price of approximately $200,000, it is reported. Less than four years ago the prop- erty, of which the present purchasers were then part owners, was sold for about one-half the consideration the Hunt brothers have agreed to pay. Breuninger Firm Moves. L. E. Breuninger & Sons, who for the past 15 years have been located in the Colorado Building, Fourteenth and G streets, announced today the removal of their real estate and building office to new quarters on the second floor of the Investment Building, Fifteenth and X streets. The new offices will be opened formally January 2. 1814 D Hunt of the Orphans’ Court of Mont- |/ ‘Washington real estate |; Oak floors, latest fixt;re‘s‘,“floor built-in ice box. It will pay you to inspect these homes. Built, Owned and for Sale by Thos. A. Jameson Co. 206 New York Ave. NW. “Ask thS-Man Who Ouwns One” COLONIAL STONE HOUSE COMPLETED AT KENWOOD Residence at 200 Kennedy Drive, recently built for Washington B. Willlams by the Kennedy-Chamberlin U. S. REAL ESTATE MARKET MORE ACTIVE DURING 1928 Survey Shows Selling Prices Generally Were Stationary, With More Cities Reporting Declines. & year ago in the subdivision market, 42 per cent reported the same and 42 per cent reported less activity. On the supply of various, types of buildings, 65 per cent of the 341 cities covered by the survey reported a nor- mal supply of single-family dwellings, 20 per cent reported a shortage in sin- gle-family dwellings and 15 per cent reported overbuilding. A normal supply of apartments was reported by 56 per cent of the cities, while 24 per cent re- ported a shortage and 20 per cent an oversupply. In business property, 76 per cent of the cities reported a normal supply, 10 per cent a shortage and 14 per cent of the cities reported an over- supply. Rentals in central business property were reported the same in 53 per cent of the cities, higher in 38 per cent and lower in 9 per cent than last year. Rents in outlying business property were reported the same in 67 per cent, higher in 10 per cent and lower in 23 per cent of the 341 cities. Office Rents Steady. Rents in central office buildings were reported the same as last year in 82 per cent of the cities reporting, higher in 9 per cent and lower in 9 per cent, while rents in outlying office buildings were reported the same as last year in 79 per cent of the citles, higher in 2 per cent and lower in 19 per cent. Of the cities covered by the survey, 48 per cent reported that in the mort- gage money market capital is seeking loans, 36 per cegé reported an equilib- rium between 2 supply of capital and the demand foP loans and 16 per cent reported desirable loans available in excess of the supply of capital. Seventy-four per cent of the cities reported interest rates on mortgage money the same as a year ago, 20 per cent_reported falling rates and only 6 per cent reported that interest rates on mortgage loans were rising. r= { New Dutchxz Colonial 5437 Chevy Chase Parkway One block east of Conn. Ave. near Livingston St., six large rooms, porch, bath and show- er. First floor lavatory, fire- place, slate roof, built-in garage and attic, Open 2 to 6 Sunday | Frank M. Doyle § | 92715th St NW. | Main 7965 Linc, 5773 B S Six and Seven Rooms—Enclosed Porches “Jameson-Built Model Homes Now Ready for Inspection 1524 D St. N.E. 919 Quincy St. N.W. 510 Central Ave. N.E. 255 11th St. S.E. » St. S.E. 2620 6th St. N.E. . 412 Douglas St. N.E. The architecture of these fine homes has been carefully designed and selected by our experts of superior home de- signs. The material also has been carefully se- lected. All labor fur- nished by skilled me- chanics of the best grade. These homes have been personally supervised by the owner, and money can be saved by buying direct from us. These homes contain six and seven large rooms, tile bath with built-in tub and shower, garage, one-piece sink in kitchen, extra large porches front and rear. plugs in eich room and Main 5526 BOWIE 1S ELEGTED 10 HEAD DIVISION Reorganization of Mortgage and Finance Group Is Per- fected by Realtors. Reorganization of the mortgage and | finance divislon of the Washington Real | Estate Board, provided for in a recent change in the by-laws of the organiza- tion. was perfected at a meeting in the Carlton Hotel Thursday. In outlining the purposes of the new arrangement, Ben T. Webster, president of the board, told members of the group the hoard was preparing to undertake a more intensive study of the various problems presented in real estate prac- tice and that the individual members of each group would benefit from the specialized research work to be under- taken. George Calvert Bowie, vice president of the H. L. Rust Co., was unanimously elected chairman of the division and Martin R. West, secretary of Weaver Brothers, Iyc., was unanimously elected vice chairman. After a general discus- sion of business matters and exchange of ideas, the newly elected chairman appointed an advisory committee con- sisting of Frank Bell, vice president of the B. F. Saul Co. chairman; Lee D. Latimer, E. Quincy Smith and A. H. Lawson, real estate officer of the Wash- ington Loan & Trust Co. to meet and perfect plans for a definite program of activities for the coming year. The chairman of the division is automatical- ly a member of this advisory committee. Next week a similar meeting of the board will be held for the purpose of reorganizing the property management division. PROFIT ON INVENTIONS. Sociologist Estimates Average In- come of $37.25 a Week. CHICAGO. December 29 (#)—Dr. Lowell Carr, who teaches sociology at the University of Michigan, has figuged out that inventors spend an average of one year, eight months and three days on their inventions, realizing an average income of $37.25 a week. Dr. Carr was speaker on the American Sociological Society convention program today. While the average return is $37.25 a week, some inventors receive 13 times that much from their work, he said. His figures were based on a study of 137 American inventors. DETACHED 9 ROOMS 2 BATHS bedrooms and one of excellent condition. f its by ts sou CHURCHES, CARS_and BUSSE! AIN. The elevati piace for children. front porel 130. Location and conve) homes are real BARGAI! 317 Woodward Bldg. floor. electric rooms. UMONOOEOTICOT lend to the present and is high and it is an ideal, eplace, h.-w. h., i ces the same as house deseri EASY TERMS PAUL MAGOFFIN Exclusive Agent N000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 GEORGE CALVERT BOWIE. NEW HOMES DISPLAY NATIONAL PROSPERITY Building and Loan Groups Find Reconstruction Important Phase of Work. Home reconstruction is an increas- ingly important part of the great com- munity building work of the 13,000 building and loan associations scattered all over the country, according to George A. Martin, president of a co-operative building and loan association of New York City. “New homes mark the prosperity of the Nation,” Mr. Martin said. “Sale vaging older homes shows a continued pride in community progress, a work of equal economic importance with that of original home buying. “Walk down the main street of your town and pick out properties which are ~ DOWNTOWN WAREHOUSE For Rent Rear 927 D St. N.W. A STORY_FIREPROOT. . % ELECTRIC FREIGHT ELEVATOR /&MERICAN SECURl'FY . Real Estate Dept. 15th & Pa. Ave. N, M. 4815 1343 Montague St. N.W. STONE HOME Wonderfully constructed with heavy. thick stone walls. aths are on th $14,500.00 Lot 50x1321, Open e first floor. Everything mi ern_exposure, large conerete porch, big, fine fireplace and the high-class J and Rock Creek Park. together with its great future healthf d practical Also the Last of This Estate 4 1357 Montague St. NW.—$11,500 DETACHED, cozy 8-room. 2-bath home (2 bedrooms, bath on first floor), eonerete leeping pore d . Lot 50 el above. Phone Main 3023 REALC ESTATE. beginning to show need of repair. De- preciation only too often affects not only that one house, but the entire neighborhood in which it is located. “Careful surveys have shown that there are in the United States today approximately 14,000,000 houses which are so old or so poorly planned and built that they are now in definite need of complete remodeling, both as to ex- terior, interior and modern equipment.” —_— Hunting in England is being restricted because of outbreaks of hoof-and-mouth disease. Plans Brokers’ Group. Thomas L. Phillips, vice president of the N. L. Sansbury Cc, will become director of sales of the North Wash- ington Realty Co. it was announced this week by the latter concern, of which E. Brooke Lee is president. ‘The new appointment is effective Tucsday. M. Phillips is planning organization of & brokers' association of representatives of real estate operators in the section in and near Silver Spring. ;00“000“00“00000“0“000“000““’“0““0““00‘ of — scaped. 000000000000 00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 FOR SALE OR LEASE 1522 14th ST. N.W. ODERN 3-story, fireproof Automobile Sales and Serv- ice Building, 7,200 sq. ft. each Fine corner display room— elevator, and - office Immediate Possession For further information apply THE COMMERCIAL NATIONAL CO., Inc. Commercial National Bank Bldg. N.W. Corner of 14th and Chiurch Streets Nseace ENTR, CHURCH ST % i : 3 i i i 3 i b4 > i b4 * i b4 ; This is a picture of one of the best buys for a small family that we know 518 Goddard Road Battery Park, Md. It has a beautiful location—on a conspicu- ous corner of this pretty suburb. The Dutch Colonial style offers space and room; and con- venient arrangement. It was specially planned and built; and has been gone over thoroughly— from one end to the other. Lot is 55x150—and is beautifully land- Spacious garage. Price Is $10,500 Value is much more— —and easiest sort of terms can be arranged Battery Park adjoins Edgemoor—Turn into Wilson Lane four squares, then turn right one block to Goddard Road. Open for inspection Sundey 0‘0‘000““00‘“000000‘00000000000000000000“0”0000"“0“000“0000000000000000000000000000000‘00000000000 00000000000 000000000000000000000000000000000000000000090000800000000000000000000000000000000000000000000000000000 O] R