Evening Star Newspaper, November 9, 1929, Page 18

‘REAL D.C. GHAIN STORE OPPORTUNITIES - Realtor Declares Capital Of- fers Fine Market for Branch Sales. “Washington offers one of the great- ~ct markets for chain store operations of ny city of its size in the country,” Carl . ‘5. Rosinski, realtor, said before the Teal Estat> Forum at the Y. M. C. A. vhis week. ~ “One of the outstanding reasons for his,” Mr. Rosinski pointed out, “is that Washington has a stabilized market, due n a large measure to the semi-monthly 'ay roll of the Federal Government and 1150 to the fact that Washington suffers ittle from the changing trends of in- ustry and commerce. Neither booms vor_periods of depression are reflected n twashingwn to any appreciable ex- ent. Not a New Idea. “The chain store jdea is not a new £ 7ne, as was indicated recently by the - clebration of the seventieth anniver- % ary of a well known chain store or- :enization. However, during the last 0 years the growth of this commercial actor has been extraordinary, At the resent time, it is estimated, the num- er of chain store organizations in the ountry is close to 10,000. Somc of hese operate several thousand stores. “These chains consist of general mer- ; “handising stores, department stores, < ‘rug stores, various specialty lines of ‘lothing and different types of eating teblishments. All of these fall in one three groups. The first caters ex: lusively or largely to women, the sec- nd caters exclusively or largely to men nd the third is the more general type hat does not come under either of ti srerievanie rsrr T the character of their trade to pay he high comparative rentals that pre- ail in the first two classes. Prohibitive Conditions. “There are certain conditions which vould immediately eliminate certain vypes of organizations from certain ities. This can be carried even further n r':spect to certain street locations in L clty. “The realtor who expects to succeed n this specialized branch of the real state business must know the needs ind requirements of the different types f chain organizations. He must be horoughly familiar with his .wn city respect to its population, traffic rental values, »irends and all other activities B business and fac- ‘ors closely connected with the growth ;ind development of a city.” & At the next meeting of the forum the stubject of real estate titles will be dis- scussed by James J. Becker, president of fthe Real Estate and Columbia Title In- Zsurance Co. | ADVANCE IN BUILDING. Laltimore Reports Increase Last Month Over October, 1928, E8pecial Dispatch to The Star. £ PBALTIMORE, November 9.—Building toperations in Baltimore last month ishowed an increase over the corre- ssponding month of 1928, according to Sthe valuation of permits issued by the #building inspector’s office in October. New improvements, additions and al- cterations permitted totaled $3,221,280. “The total for October, 1928, was $2,810,- :520. For September this year the fig- gures were $3,249,240. £ The total valuation of permits for &he 10 months ended October 31 is $33,- 95,800, the total for the same period | _,YazlaQZgh:ellbl:utla'l,igl,flflfl.’ For the year % value of its “was $41,565,600. e . Realty Directors to lT(eet. ‘The board of directors of the National Association of Real Estate Boards will bold their Fall quarterly meeting next ‘Wednesday and Thursday in Chicago. ‘The association’s executive committee rst or second groups and are not ob- | gated by the nature of their business | ESTATE. Real Estate Expert To Discuss Trend Of Financing on Air Harry H. Culver, retiring presi- dent of the National Association of Real Estate Boards, will dis- cuss from the ular viewpoint, | | “Recent _Tendencies in Real Estate Financing,” as guest speaker on ‘the Halsey, Stuart & Co. radio program broadcast next Thursday evening. The talk, made over the Na- tional Broadcasting Co. system from the Chicago studio of the chain, will be heard here at 10 .m., through station WRC. The roadcast will include practically all stations of the system. ILAND FOR SERVICE STATION IS LEASED Shanncn & Luchs Announce New Rental Proposition at Thirteenth and K Streets. Leasing of the property on the north- | west corner of Thirteenth and K streets to the Automobile Public Service Cor- | poraticn, Inc., a new concern formed to operate a new service station on that | site, is announced by Shannon & Luchs, Inc., which handled the transaction. ‘The lease covers a period of years and represents a total rental consideration of approximately $75.000, it is reported. The property fronts 150 feet on K street and 140 feet on Thirteenth street. Shannon & Luchs also announce the leasing of the following stores to the Atlantic & Pacific Tea Co.: 1648 North Capitol street, 4841-43 Georgia avenue, coutheast corner Fourteenth and Otis streets, 2007 Fourteenth street, 3903-11 Fourteenth street and 1117-19 Maryland | avenue, Hyattsville, Md. ‘The above stores are leased for a term of years, representing a total rental of approximately $115,000. The Spic & Span Cleaners, Inc., has leased the store at 605 Fifteenth street | for a term of years at a total rental of $4,000. Property at the southwest cor- ner of Fifth and H streets has been leased to the Chain Store Cleaners, Inc. The store located at 1117 Fourteenth | street and the gerage in the rear of | 1117-19 Fourteenth street have been |leased for a term of years to the Mile- | stone System, Inc.. at a total rental of | approximately $7,500. 3 ey ‘There are two kinds of credit. One is constructive, the purchase that out- lives the debt; the other is destructive, the purchase that is used before the debt is paid. Credit is becoming more and more a question of character, rath- er than collateral. Permanency of the family, the fact that they own their own home, is one of the principal standards by which credit is measured. Chevy Chase,D.C. 3630 Everett St. N.W. —west of Conn. Ave. 8 rooms, papered in the latest style. 2 complete colored baths. 2-car ga- rage. Paved street and alley. $18,500 Terms arranged. Higbie, Richardson & Franklin, Inc. 816 15th St. NNW. Nat. 2076 will convene Tuesday. 9009000000000 0000000000000000000000 FOR DOCTOR OR DENTIST OFFICE AND RESIDENCE Corner Ill. Ave. & Farragut St. The office has a separate entrance from the street and consists of two rooms and lavatory. The location is in the heart of a The residence is of tapestry brick community. st growing with concrete front porch and contains reception hall, 6 unusually large rooms and tiled bath with built-in tub and shower. throughout, with hardwood floors and trim. . Beautifully decorute;l t is equipped with oil burner, Frigidaire and all modern conveniences. Only $12,500. 4th & K EAFRITZ Dist. 9080 000000000000 0000000 10 Acres, With 500 Feet Fronting on W. & B. This besutiful residence contsining 10 It attic with space for thrge of fou aire. la; ry cellar, 3 o $5.000 to build; fruit,'be s hich could be very easily I‘)‘on: .fifi lllhll.v'flh electric lights. T 100! repls Highway bright rooms, two baths, large ] ' feat, electrio lights, Frisi ken ho lant: cost In addition to being an ideal suburban home, it is admirably lullltdnl:r a tourist's camp or private school. Only 5 miles from District Line. UNUSUAL VALUE FOR THE MONEY. The O.B. Z Exclusi Main 5371 Hyattsville 72 FOR INFORMATION SEE— antzinger Co. ve Aiema 945 K St. NW., Hyattsville, Md. 'THE EV. NG STAR, WASHINGTON, D. BUILDING PERMITS EXCEED §32.000,000 Total for October Shows Ad- vance Over Same Month Last Year in D, C. (Continued From Seventeenth Page.) dwelling, 4073 Eskridge Terrace (lot 26, square 1421); to cost $3,500. Permits were issued for 74 dwellings end 1 apartment house last month, The Government report shows the fol- | lowing classification of permits: Brick, No. per- No. ‘mits. bldgs. w 29 6 Value. $408,900 500,000 15.850 56,750 | 90.000 | 43,000 | 350,000 | 115.000 | 90,000 452,000 125.000 Dwellings . Apartments . Garages Stores .. Fublic garage Gas stations. Warehouses . Bank ...... Children’s home. . Markets Laundry | Repairs Dwellings . Church . Repairs 45.100 250,000 50 Garages Repairs 14,245 5,920 | Garages Repalrs 400 400 Dwellings . Repairs . Garages 71,950 13,635 10,695 Garages Sheds . Motors Elevators Bolers .. 32,450 Totals ......... 528 693 $3,066,705 The following summary shows the | distribution of improvements among the respective sections of the District of Columbia and the values of same: | New buildings— Northeast $975.920 125,000 Southeast « 1,516,475 800 15,270 900 15,160 156,230 | Northwest Southwest . . $2,618,195 448,510 $3,066,705 Repairs . ‘Total 5811 7th STREET NORTHWEST Marietta Park—7th at Nicholson St. Near New Junior High School Close to Two Car Lines Bath—Shower—3 Toilets ing_eor 1 (ehe OPEN ALL DAY SUNDAY AND EVERY DAY FROM 2 TO 9 Drive out 7th St. to Nicholson (2 squares north of Longfellow) and see our OPEN SIGN. HOOKER & JACOB eted estnut) trim, You will be impressed with the ON REALTY ROW Reports and Observations Concerning Business and D. C. Agents. —_— [§ Washington has obtained favorable publicity nationally from the series of advertising boosting the advantages of the National Capital, published during the past weeks by the Washington Real Estate Board. The National Real Estate Journal, | with circulation throughout the country takes editorial note in its current is- sue of the series and points to the city advertising as a plan worthy of other cities. The journal, publication of the Na- tional Association of Real Estate Boards, prints also a copy of a letter sent to local realtors by John A. Petty, secre- tary of the local board, encouraging lo- cal realtors to keep uppermost in mind the unusuel and lasting advantages of ‘Washington. Ads Give Cold Facts. Recent Washington-boosting adver- tisements by the local realty organiza- tion declare: “Cold facts tell the story: $8,899,000 nvested in real estate mortgages; $3,- 32,000 of private building projects ap- proved; 1,080 deeds conveying 1,821 par- | cels of eal estate, are cold facts record- 187750 | ¢4, in Washington during September. Informed and progressive people today Bcautiful Corner Facing Public Park 4125 Military Rd. N.W. (Chevy Chase, D. C.) 10 rooms, sun parlor, 2 haths, Open for letached brick homes lo offer every possible mog , big, bright. large garage. Owner needs to sell—will receive offers. A give away at $16,750.00 Extremely High Elevation Overlooking Fort Slocum Park Very Large and Deep Lots Six, Seven and Eight Rooms, $10,750 and up enience. in, * sunny n ultra modern kitchen and, of ‘homey atmosphere and latest conveniences In modern home are thus expressing their confidence in the future of the National Capital. “Pront-page stories are sought by! every newspaper. National and inter- nationel news of front-page importance originates in Washington daily. More newspapers cover Washington than any city in the country. Money cannot buy for other cities the prominence that ‘Washington thus attains.” “Big business is synonymous with progress and achievement. Influences of blg business are reflected in the growth and development of cities. Washington houses the biggest business {in the world—the United States Gov- ernment. Governmental influences permeate the growth and development of Washington, reflect a Nation’s con- fidence in the past progress and future achievement of its Capital City.” “Keen thinking underlies every pro- gressive step in a city’s growth. Wash- ington's thriving business centers and substantial home communities are the results of keen thinking. Keen minds see Washington of ths future and are participating in its growth.” Strong Forces Necessary. “Strong forces are necessary to cre- ate great cities. Physical development and commercial activities are strong material forces. Yet to be truly great a city must combine material forces with spiritual forces. In Washington | the many magnificent churches and {national institutions and edifices ex- pressing the principles of various r | ligious denominations symbolize a m ral force in harmony with the inspira- tional beauty of the Nation’s Capital.” “Definite planning is a basic_element in the success of any grojecz. is this more applica Nowhere le than in city Price reduced $3,000.00 inspection fastest growin ing electric re cours cars. 6331 Broad Branch Road OWNER LEAVING CITY MUST DISPOSE OF THIS NEW ENGLISH TYPE HOME AT A PRICE WHICH SHOULD ATTRACT AN IMMEDIATE PURCHASER. Center-entrance plan. 3 large bedrooms and 2 beautifully equipped baths. Attic of sufficient height and size to provide two additional rooms. General Electric Refrigerator. Exclusive Agents Everything in perfect condition. Owner is away for the day so your inspection may be as critical as you wish. To reach: Go east on Oxford St. from Conn. Ave. to Broad Branch Road, turn right to $roperty. OPEN SATURDAY AFTERNOON AND ALL DAY SUNDAY Edw. H. Jones & Co., Inc. 5520 Conn. Ave. Built-in garage for 2 C., SATURDAY, NOVEMBER 9, 1929. REAL ESTATE. bulding. Washington was started with byl® definite plan—and the development of & continuing plan by the National Capital Park and Planning Commission, with a Nation-wide support, it an as- surance for the future which no city but Washington enjoys.” “School days stand out in memaory. ‘Washington of 1910 required $2.989,910 for a public school enrollment of 48,496. ‘Washington of today has appropriated $11,984.600 to care for an enrollment of the Washington district of Arling- ton County. * ok X ¥ ‘Webster Back Home. Ben T. Webster, past president of the Washington Real Estate Board, has re- turned to his work as a member of the firm of Boss & Phelps following a va- cation sutomobile tour through a num- ber of Eastern States. SMALL HOUSE SURVEY. reported in the Techaical News Bulletin oln:he Bureau of Standards. Over 400 items are included -in the study of housing. Derived data which should be of value to the general public and to busi- ness groups will include typical room sizes, percentage of space devoted to different uses, percentage of selling price spent for lot and selling price per square foot for floor space and per cubic foot, it is said. Since no previous systematic study of 74,600. Contrast Washington of your school days with Washington of today —then vision Washington of tomorrow.” John A. Petty, secretary of the Wash- Ington Real Estate Board, took a flight in Virginia politics this week, though not in a campaign way. He served as an election judge in the THOMAS J. FISHER CO., Inc. of such details is available, this neport should serve as a basic point of de- parture for further work as well as furnish a besis for comparison in aimi- | lar studies in the future. Valuable Data Obtained From Rep- resentative Cities. Material cbtained in a recent small house survey in 21 representative cities S is now being tabulated and analyzed,| Mexico has just established radiotele- together with data from builders, real | graph service with all of Europe by way estate men and material dealers, it is ' of Germany. Petty Election Judge. e precinct Apartments of Exclusive Advantages Overlooking Rock Creek Park -1 L6 (E ) NO other apartment house in or near Washington offers so many advantages and conveniences to its tenants. Its builders have had the advantages of past experience and an opportunity to see what most meets with the approval and desires of apartment house dwellers. All these things have been combined to make Woodley Park Towers the most desirable place to live. Apartments A gnuav RS 2737 Devonshire Place N.W. Connecticut Ave., at Klingle Road Bridge Garage space is provided for the automobile of every tenant within the building . . . Apart- ments of one room with bath to seven rooms with three baths. OPEN EVENINGS UNTIL 10 P. M. Rental Agents 738 Fifteenth Street N.W. The Ideals of Our Colonial Forefathers are Finely Devel- oped in This Stately Home in Forty-Fivé- Twenty-Three Hawthorne Street $27,500 The lot fronts 80 ft. by 190. A wondeful place for children to play in safety and freedom True o tradition, the house has a CENTER ENTRANCE. with VACANT ing _the Colonial stairway to second floor, where are found FOUR WELL AP- POINTED BEDROOM: C Open All Day Sunday i qhere s a comfortable room R BOSSEIHELPS Ave.. across Wisconsin Ave. left on south to Hawthorne St. 1017 K St. Drive out Mass. Cathedral Ave. to 45th St. National 9300 Cleveland 2300 Hamilton St. N. A Value Seldom Offered Saul’s Addition Price 512,000 DETACHED—4 BEDROOMS Lot 160 Feet Deep A most attractive detached home in a home owners' community. On the first floor is a large living room with open fireplace, attractive dining room, sun parlor and & good sized kitchen with brand new stove. Ample pantry space. On second floor there are four delightful bedrooms and, attic over entire house. The lot is beautifully landscaped, with a garage on a paved alley. Conveniently situated between two car lines and close to graded and junior high school. This house will be open for your inspection Sunday and 2 to 9 p.m. daily during coming week. National Mortg. & Inv. Corp. Natl. 5833 1004 Vt. Ave.