Evening Star Newspaper, June 14, 1930, Page 20

JUNE 14, 1930. REAL ESTATE. Hale of Boston, president of the na- tional bullding and loan organisation THE EVENING STAR, WASHINGTON, D. C., SATURDAY, IBOILDING AND LOAN MEN HEAR JAMES Says U. S. League Will Show Substatnial Gain in Assets for Year. R KEAL ESTATE, REALTORS T0 HEAR What to Do With Areas De- ted by Industries Sub- ject at Toronto Session. Superior New Homes Adjoining Eastern High School 1707 C Street N.E. Open daily until 9 P.M. Facing the New 160-Foot Boulevard Pollard of Virginia, who recalled that | @l the first home he ‘:urchned WAS financed through a building and loan association. Increase in the price of tobacco in Italy will give the government $25,000,~ 000 more revenue annually. Modern Brick Home Only $5,375 $125 Cash $40 Monthly Includes All Interest 1818 L St. N.E. While applications for good loans? still are coming in faster than funds to fll them, yet conditions are nearly back | to normal so far as withdrawals are | concerned and the United States League | of Building and Loan Associations will | show a substantial gain in assets for | the year. This siatement was made by O. Clin- || ton James of Washington in an address | last ‘week before the annual meeting of || & if’;" tHome the Virginia State Buflding and Loan || i) Associations at Richmond, Va. 1 i by *The building and loan movement h::t ‘ Location not been developed in Virginia to the | Mod 0 extent that it has in many of the East- || 4 (Bt ern and Central States, he pointed out. ||| narawood floors; 2 large bed rooms. The assets for Virginia, he reported. || Take H St. cars to 15th and H amount to about $60,000,000, which 35 || ges " NE., walk two Squares morth less than the total for the limited area || or transfer to bus. Open for in- of the District of Columbia. || spection. Or phon ‘There is no reason, Mr. James de- . clared, why the total ‘of such assets in Harry A. Kite, Inc. VHen industry in & city shifts and district which it formerly occupied left standing like a hollow shell, vhat an the city do? Must its natives explain in lgolo(euc tones that the area used to be a big center of this or that industry and all that activity has moved to another part of town, or has the city some defense against these useless and forlorn districts? Harland Bartholomew, St. Louis, who has applied his skill as a city-planning expert to Washington, Los Angeles, St. Louis, and some 60 other American cities, will discuss the possibility of making such blighted areas active and useful, at the coming twenty-third an- nual convention of the National Asso- ciation of Real Estate Boards, to be held in Toronto, Canada, July 9, 10 and 11. Mr. Bartholomew will suggest what realtors can do to revitalize strick- en neighborhoods in his address before You are invited to compare this new group of homes as to Location, Design and Construction, with anything else in the entire city. Seven spacious rooms, with oak floors, chestnut trim, panelled walls and harmonizing fix- A beautifully tiled bath, with built-in tub and shower. An all-white kitchen, with inlaid linoleum floor and every convenience, including Frigidaire. Built-in garage. Two large porches. A restricted all-white neighborhood. Within YOUR Price and Terms tures. New residence at 5 Woodlawn avenue, built by the Kennedy-Chamberlin Development Co., which has ‘been bought by Thomas H. Cleighton, jr. It contains eight main rooms, servant's quarters and built-in garage, and has a wide lawn. the general convention sessions on “Can Blighted Urban Areas Be Rehabilitat- ed?” Mr. Bartholomew acts as adviser to the association's city-planning com- mittee. How the modern subdivider must un- derstand city planning and how he can co-ordinate his work with that of the city planner will be emphasized at the convention sessions of the home build- ers’ and subdividers’ division, of which W. C. Miller of this city is chairman. Jacob L. Crane, jr., Chicago, engineer, town planner and iandscape architect, will speak before the division on “The City Planner and the Subdivider.’ Reduction in the costs of homes and home sites which are made possible by corresponding reductions in the ex- penses involved in selling real estate will be described for the home builders and subdividers by L. T. Stevenson, Pittsburgh, Pa., an outstanding subdi- vider of long rience. How the subdivider can use his ad- vertising budget to get the utmost in returns from it will be explained by Hugh Potter, Houston, Tex., developer. George P. Ellls, Chicago, consulting accountant for the National Association of Real Estate Boards, will speak before the home builders' and subdividers’ di- vision on “The Developer and the In- come Tax.” WEATHER DELAYS HOP DUBLIN, Irish Free State, June 14 () —After reading the British air min- istry's noon weather bulletin indicating strong winds with a considerable area of low clouds and rain over the At- lantic, the crew of the Southern Cross today indicated it was unlikely they would take-off on their transatlantic flight tomorrow morning. Visibility had somewhat improved, however, and the afternoon weather bulletin ‘'was being awaited eagerly. Home in Good Taste BY SARA EILAND. Here is a tip-top table which has several uses, each one of them very im- portant in the modern household. There have been bridge tables de- signed with ndards into which they could be slipped and screens, but this idea is an ment on that. The table merely tips forward from | the center of the top: it can be used | as a fire screen and there is no stand- ard to be moved out of the way when | not in use. This is a table which fills a vacant corner—and you know how awkward a corner can appear if it is neglected. It might even be left with the top up and stocked with a reading lamp, a few books, magazines and smoking ac- cessories. The top may be decorated with an interesting scene or conventional, de- sign, for this gives the piece an espe- cially decorative effect when it is used #s & screen, and when cards are to be played it may be covered with a moire, satin, linen or taffeta cloth. It is ad- visable to make the cover of a material which is washable, thereby making it possible always to have an immaculate 0p on which to play cards. (Copyrisht. 1930.) improve- For Lease Downtown Business Property 915 G St. N.W. A 4 ~ Term Lease b At Low Rental Can Be Given on This Property For Further Information Call Carl G. Rosinski Realtor Woodward Bld; 5. Nat. 9254 Brokers’ Attention 1 ¥ T R £ g7 O=? YOUR OPPORTUNITY! Owing to death in family, we are authorized to sell this beauti- ful home at a GREAT REDUCTION 5803 Sth Street N.W. Semi-detached brick home of 8 large rooms, full bath with shower; house in perfect condi- tion; built-in garage; lovely front, side and rear lawn. Open for Inspection Sunday 2:00 to 7:00 P.M. Waple & James, Inc. Exclusive Agents 1226 14th St. N.W. North 0962 TRSSIIIASSSNS AR AR A AR AR AR R AR f \x\\v\x\\\“m“\m\\\\\\\‘s\\\\swe‘ MANY VACANCIES | FOUND IN OFFICES New Buildings Given as Reason | for Optimistie Report. Special Dispatch to The Star, BILOXI, Miss., June 14—The highest | percentage of vacant space in the re- cent history of office buildings was re- ported by Clarence M. Turley of St. Louis, at the annual convention of the | National Association of Building Own- | ers and Managers, here this week. Mr. Turley, who is chairman of the associa- tion's rental committee, stated that a survey of rental conditions in the 41 cities as of May 1, 1930, shows that a vacancy of 12.41 per cent now exists in office space. “In view of the great number of new buildings which came into the market May 1, we anticipated an even greater percentage of vacant space n the May 1 survey,” said Mr. Turley. “It 15 really gratifying to find business in such con- dition that the amount of increase in vacancy is slightly less than one per s 7,450 $500 Cash . . . Terms Like Rent In Brookland Virginia should not amount to $500,- 2923 7th St. N.E. 'THESE FEATURES™ 6 rooms and bath sleeping porch . . . breakfast porch . . . built-in garage . . . large lot. OPEN ALL DAY SUNDAY Modern all-brick home, hot- water heat, awnings, inlaid linoleum in kitchen. Large land- scaped lot, on payed sreet and alley. AN EXCELLENT BUY TODAY: Drive out Rhode Island Ave. to_dth St. N.E., turn north om 4t to Franklin St. then east to 7th and the property.’ Or take bus at 10th and E Sts. N.W. marked Hy- attsville or Laurel, and oet off at 7th and Girard Sts, N.E. in front or itake street car Sts. N.W., get off at 7th Sti: N-E. ana SGalk south on 1th fo Franklin See Mr. Morgan M. & R. B. Warren Cleveland 3950 Conn. 7330 Ave. cent over vacancies on January 1. Al- ]‘ though_ the amount of vacant space | is the largest ever recorded, it is only 2.41 per cent above the 10 per cent nor- mal and is only 38-100 of 1 per cent greater th the last previous high va- | cancy, which was recorded January 1, 1928, “Analysis of reports on occupied space indicate that close to 4,000,000 square | feet of office space was absorbed be- | tween May 1, 1929, and May 1, 1930. | The ability of business to absorb_space | indicates that business is fundamentally sound and we are optimistic for the future. While we may feel chserful bout that fact, nevertheless, if absorp. tion were to continue at the present rate, it would take five years to absorb all of the present vacant office “While we are able to report t! office building business is in a fair con- ditign, the survey shows very clearly that no new office building projects should be launched without a careful study of all local conditions. Man cities are actually overbuilt and will continue in that condition for several years to come even if there were no new office building construction. The Gold Coast territory of Africa claims to have some of the best native colle, in the world. TWO HOMES OF REAL VALUE $8,950 411 Madison St. N.W. Marietta Park Semjdetached, four bedrooms, builtin bath, shower, beautiful, clear oak floors, hotwater heat, back and front porchss, garage and every home comfort. Located right at the new Fort Slocum Park and facing the mew park drive. Near schools, stores and transpor- t.ction, The best home for the price in all this popular section. Open and Lighted S Tower Building 107 Custis St. LM Aooker $5,950 1444 W St. S.E. Anacostia Brick; five big, bright rooms, eak floors throughout, hot-water heat, built-in bath and shower, front porch, double back porches, deep lot—in fact the most outstanding value in Anacostia. Near schools and every conven- ience. Four sold and only two left, so come out now. aturday and Sunday Metropolitan 2663 Aurora Hills, Va. $10,850.00 New detached English type home of stucco construc- tion situated on a beautiful wooded lot with paved street and alley. Large living room with open fireplace, side porch, nice size dining room, kitchen, pantry and serv- ice porch complete the first floor. Second floor has three nice bedrooms and outside bath with shower. Paneled walls, hardwood floors, H. W. H., elec., garage to match house. City water and permanent sewer system. Drive out Alexamdria road amd look for our signs, or take Alexandria car or bus ond get off e¢ AURORA HILLS. AURORA HILLS .VIRGINIA Washington’s Most Convenient Suburb 10 Minutes from 12th St. and Penna. Ave. $21,500 OPEN SUNDAY 10—8 1119 17th St. N.W. Phone Dec. 0610 Phone: Clarendon 1057 3530 Edmunds St. MASSACHUSETTS AVENUE HEIGHTS An inspection will convince you that this splendidly constructed all- brick semi-detached home, which has been completely redecorated throughout, is the best buy in this desirable section. FIVE BED ROOMS AND THREE BATHS ON SECOND FLOOR It is located on a beautiful landscaped lot, 50x158, having a com- manding view of the city. THERE IS AN OIL BURNER, screens, two-car built-in garage, large attic, open fireplace, spacious kitchen and sun room. W. C. and A: N. MILLER 000,000. | 1019 15th St. N.W. t A Nat’l 4846 5717-21 Nevada Avenue Exceptional New Four Bed Room Detached Homes in Chevy Chase, D. C. These new houses combine original- ity of design with high-grade construction of an experienced builder. Th!,g ;. a a:n ifl eflch }\Oule 'h.' will add that touch of hominess so often lacking in the new house. 2 complete baths, attic, built-in garage. Each lot has a wide front- age on this beautiful avenue. OPEN SUNDAY ALL DAY i aC.MQansfiury COMPANY INCe 4 ¥ 1418 Eye St. N.W. Natl. 5904 A City Home In a Country Environment. 2756 Macomb Street East of Connecticut Avenue It adjoins Rock Creek Park and enjoys an intimate view of its majestic beauties. Convenient to Connecticut avenue’s community and transportation facilities, yet safely and securely removed from its annoyances and dan- gers of traffic. A Home of special design—which presents arrangement that is at once original and most attractive. Built for the owner, which assures refinements and features not found in ready- made homes. The rooms are of most unusual size—com- fortably spacious. There are three open fireplaces—one in the living room, one in the dining room and a third in the master bed room suite, which comprises sleeping room and dressing room. Bath and extra lavatory on the second floor. Lot is 90 feet front, and attractively landscaped; large porch, etc., and garage. Low Price and Special Investment Feature. 19,750 Here's opportunity to buy a real home— and net a material enhancement that is in- evitable in the near future, On convenient terms Open for inspection—and full infor- mation given—Sunday from 10 a.m. to dark—or upon application to Kennedy-Chamberlin Development Co. 2400 Sixteenth Street Col. 7280 Robert W. Savage 717 Union Trust Building National 6799 Or Any Broker Mt. Pleasant 3116 19th Street N.W. 6 rooms—2 baths—garage TH‘S beautiful home, located in exclusive Mt. Pleasant District, is all you could desire. It contains six rooms—2 enclosed porches—attic —2 baths (one with shower)—large yard with flowers and shrubbery and garage. It has been newly renovated throughout by this firm, and we feel that an inspection by you will enable us to dispose of it at once. $10,250 = 211 Investment Naf Realtors Chevy Chase 5321 Broad Branch Road j $14.950 THIS NEW CORNER HOME OF STONE AND STUCCO (all masonry) construction represents one of the most attractive buying propositions available in this de- lightful location. There are 6 spacious rooms and 2 tiled baths; side porch; built-in garage: slate roof; large floored attie. To reach:' Going out Conn. Ave., turn right at Military Road, over Military Roed, turn- ing right at Broad Branch Road to property. 3235 Quesada Street $10.950 New Dutch Colonial home facing south. 6 rooms and 2 TILED BATHS: 2-CAR GARAGE. . | This property represents as much value as we have seen in a long time. A visit of inspection will well repay you. Chase To reach: Going out Conn. Ave., turn from C) 3 squary on Western Ave. 1 short square to Quesada, over Quesa property. 113 West Thornapple Street e $14.750 Located just west of Connecticut Avenue, in a setting of beautiful shade trees, this attractive Dutch Colonial | home represents a most appealing value. 7 rooms (4 bedrooms) and tiled bath with shower. Large side porch; attic; built-in garage. Everything in perfect condition. VACANT, i OPEN ALL DAY SUNDAY Edw. H. Jones & Co., Inc. Chevy Chase Proerties 5520 Conn. Ave. Cleve. 2300