Evening Star Newspaper, December 26, 1936, Page 22

REAL ESTATE. PERCENTAGE BASIS FOR LEASES URGED Value Proved by Experience of Depression Years, Survey Asserts. ‘With the prospect for increased re- tail business activity aiready strongly affecting the demand for the best business locations, what are the ad- vantages or the disadvantages of the percentage lease? Frank 8. Slosson of Chicago, in & detailed analysis prepared for the brokers’ division of the National Asso= ciation of Real Estate Boards, holds that experience of the depression years has proved the value of the percentage lease more clearly than ever before. He says that with the lowest point in volume merchandising reached prob- ably in 1932, and hence with rentals due on percentage leases reaching their low, “it was discovered that, at ,no economic hardship to the tenant, the landlord had in the percentage type of leasing contract the only hedge against inflation and the only hedge against improved merchandising con- ditions.” With approximately 80 per cent of the cities of the country showing cen= tral business property rents as higher than last year, according to & pre- liminary tabulation of reports coming to the National Association of Real Estate Boards in its semi-annual sur- very of the real estate market, the question of lease types for long-term commitments becomes of very active interest to all business. Slosson, for two years chairman of the property management division of the National Association of Real Estate Boards and past president of the National Asso- ciation of Building Owners and Man- agers, puts the problem this way: “On a straight lease the owner of commercial property hesitates in granting too long a term because changed conditions may easily change » long-term lease from an asset to & Nability. Short Lease Unsatisfactory. “The tenant, on the other hand, eannot afford too short a lease period. The first year, and sometimes the first two or three years, while his business 1z in the process of being built, are operated at & net loss to the mer- chandiser. In addition, advertising costs, moving costs, cost of new fix- ture, must be recognized and amor- tized, to the extent that in ordinary merchandising lines five years is prob- ably the shortest justified lease which & merchant can afford to make. The obvious answer to both'landlord and tenant, because of their risk stand- points and requirements, is the per- centage lease at a thoroughly justified annual minimum guarantee and a thoroughly scientifically applied per- centage on annual sales. “It is the writer's opinion that the | only justified short-term lease is a | so-called stop-loss lease on the part of the owner to & type of merchan- diser specializing in short-period op- erations with price appeal volume sales. In this type of lease the owner should give considerable thought to his necessity for a recapture or can- cellation cause so that he may be free 1o negotiate a permanent lease with & satisfactory permanent merchan- diser. It is my impression that in no minimum guarantee leases or short- period stop-loss leases a recapture clause is' imperative in every lease. Acceleration Clause Urged. “Among other lessons renting brokers have learned during the de- | pression in connection with the value of the percentage lease is the fact| that many, if not the greater propor- { tion, of such leases should have an acoeleration of the minimum guaran- tee or an acceleration of the percen- tage to take care especially of im- proved volume because of improved conditions or in connection with a highly successful developed business. “If, because of demoralized rental values, & low minimum guarantee is finally agreed upon by the landlord and tenant, there should obviously be an acceleration either of the minimum guarantee or of the interest rate. It has been my experience, however, that & proper minimum guarantee refiect- ing full present-day values at the time | of the consummation of the lease may | Justifiably remain stationary with an | acoeleration of the percentage rate.” | ——— FARM GROUP TO MEET Maryland Horticulturists Set Par- ley at Hagerstown. The thirty-ninth annual meeting of the Maryland State Horticultural | Bociety will be held from January 5 | %o 7 In Hagerstown at the Alexander Hotel, it is announ by C.;E. Bryan ©of Havre de Grace, president of the society. Speakers who have been invited to | address the various sessions will be | J. H. Weinberger and D. F. Fisher | of the United States Horticultural | Pield Station, Beltsville, Md.; Laurenz Greene, Purdue University, Indiana; A. L. Schrader, A. F. Vierheller, H. 8. | McConnell and I C. Haut of the | University of Maryland; W. 8. Hough, | ‘Winchester, Va.; H. W. Thurston and | Q. L. Zundel of Pennsylvania State | College; P. J. Schneiderhan and C. R. | Miller, West Virginia; L. C. Care; United States Department of Agri- | culture; H. E. Klingaman, Hagers- | town, Md.; J. H. Clark and M. A. Blake, Rutgers Oollege, and J. H. | Gourley, Ohio State University. Ram Injures Man 64. John H. Sharp, aged 64, of Lough- borough, England, was seriously in- Jured when attacked by a ram as he gathered mushrooms. A Recreation" Build It in Your Basement With Extra Christmas ELLY; Sudden Service Lumber and Millwork THE EVENING STAR, WASHINGTON, Beautiful New Home in Colony Hill New home of Stanley A. Suydam, prominent attorney, located at 1731 Hoban road in Colony Hill. The dwelling, which is adjacent to Glover Parkway, was duilt by Boss & Phelps, realtors. BY DOROTHY DUCAS AND ELIZABETH GORDON. T LAST—a place at the back of of your lavatory big enough to hold soap, washcloth, tooth~ paste, cold cream or anything else you want to set down while you are performing the morning ablutions! The greatest trouble with lavatories of the past has been their narrow rim, offering no smooth/expanse of vitreous china or porcelain enamel to hold your belongings. But now that the faucets and spouts have moved from the sides of bowl to the center, there is enough flat space to suit the most in- veterate cream, lotion and paste-user. One new line of lavatories has a center fixture with faucets and spout in one integral assembly; at either side is a large, smooth surface, which serves as shelf. The same basin with regular trimmings has a faucet in the center of what should be each shelf, breaking up the usable surface so that nothing larger than a tube of tooth paste would fit right or left of each faucet. Look- ing at the two styles of lavatory, you wonder why the manufacturers never thought of this before. Surely space at the back of the small lavatory has always been at a premium! The center fixture is good to look at, besides being a space-saving fea- . The spout is raised above the rim of the basin—preventing back- siphonage and there is either a pop-up waste or a chain-and-stopper, depend- ing on which you prefer. The lavatories in either vitreous china or porcelain enamel on cast iron come in 12 colors, besides white. Some have chromium legs and towel bars at the sides, some open shelves below the basin, with smooth doors and chrom- jum handles; others come to be hung right from the wall. But all have the center fixture with its gift of space on either side of the back of the basin. ALMOST every week something comes to our desk about a new air-conditioning unit. All over the land engineers are apparently working to develop the infant science which seeks to improve the air we breathe in our homes. There are 50 many signs of success we are hard put to it to re- port upon all. But we must find room for the an« nouncement of the latest air-condi tioning unit developed by a famous WOODWARD 10™1I™F A G STREETS maker of oil burners. Aside from the benefits which it offers in clean air, warmed air, humidified and circulated air, the extremely compact design of the unit makes it possible to install in a minimum of floor space. It need not be set, like the old-fashioned warm-air furnace, in the middle of the house. This is more of a boon to home own- ers than it might seem at first glance, for a conditioner in the middle of the cellar spoils that valuable space for use as a “whoopee room” or work- shop. An air conditioner that can be tucked away in a corner of the base- ment surely is worth more than an air conditioner which must eat up floor space, providing, of course, both do their primary job of conditioning air equally well. We greet the new- comer! F YOU have an ofl burner, 10 to 1 you think the most important part of its installation is mechanical. More misunderstanding exists about what an oil burner is and does than in any other phase of heating. There is more to heating than the perfect operation of the burner, which is just a fuel-feeding device, after all. ‘The success of an ofl burner instal- lation is largely dependent upon the design of the combustion chamber. Here's why: All an oil burner does is inject a mixture of oil and air into the fur- nace. There oil burns, generating heat. It the base of the botler or furnace is just a big round space like an earth- enware pot, & lot of your heat goes through the top of it into the smoke pipe or up the chimney. 8o you are burning fuel to heat your chimney. A properly designed combustion chamber holds the heat in and dis- penses it like a miser, through a small space between rounded prongs over the top of the chamber. The prong-like parts of the chamber intensify the combustion within the chamber, rais- ing its temperature and storing up heat energy so that even when the ofl burner is not operating, heat is being sent into your house from the chamber, ‘We gather these facts from the man- ufacturer of a special combustion chamber made of fire clay, guaranteed not to fuse under as much as 3,100 de- grees, Fahrenheit, of heat. The de- & LOTHROP Paoxe Dismicr §300 If you are building a new house this Spring or are planning new screens for your present home, you will be wise and save considerable money to order them now while our low Winter prices are in effect. An additional advantage to you will be that they will be completed and ready for installation early in the Spring when you will need them. You will not be billed until they are installed, 2121 Ga. Ave. NOwth 1341 and Deferred Payments may be arranged. These screens will be made by experts and of the very best materials in our modern screen factory tiat has furnished screens for many of Washington’s better homes. Telephone Dlstrict 5300 for further information MANUPACTURING DiIvisioNn Orrice, SEVENTH FLOOR. —Star Staff Photo. flectors at the top of the chamber are not cemented in place, but can be moved about to reduce or increase the draft in your boiler and chimney. The manufacturer says the savings of fuel which result from use of his chamber can run as high as 50 per cent during a year. He backs his claim with an offer to refund money to any one who says the chamber does not do every- thing he claims for it. Could you ask for anything more? Note: For further information about any of these products, write to Design- ed for Living, care of The Evening Star, Washington, and inclose a stamped en- velope, SMARTENING STORES Few Alterations Work Wonders With Dull Places. A few alterations at small expense may convert a dull, uninteresting store into a smart, attractive shop and make it a live, expressive atmos- phere for the sale of wares. In the recent modernization of a dress shop knotty pine plywood was used to cover overhead steel beams and for column sheathing. Closets of pine were built in to. hold stock, and over them was placed a series of shadow boxes for displays. Linoleum in peasant-tile effect was used as floor covering, although cork, asphalt tile or any applied covering in harmonizing shades would have been appropriate. e CAREFUL BUYING URGED Faulty Construction Proves Bad Investment and Expense. In buying or building a house the construction is most important. A poorly built-house is a bad invest- ment and constantly mounting item of expense. Sound materials, ap- propriate to the climate in which the house is built and for the uses to which they will be put, are an essential requisite in any house. Decorations can be renewed and superficial changes or additions can be made with comparative ease and economy, but to correct a basic fault in the structure of & house will cost far in excess of what it would have cost had it been properly done at the time of construction. 214 Jefferson St. N.W. Open 9 AM. to ® P.M. D. C, FURTHER INCREASE I BULDNG SEEN Costs Not to Impede Recov- ery, Director of Archi- tects’ Unit Says. Costs will not impede building re- covery, Gerrit J. De Gelleke of Mil- waukee, director of the Illinois-Wis- consin division of the American Insti- tute of Architects, predicts in a report of architectural and construction ac- tivity in that area. *“I am firmly of the opinion that right before us lies a number of years full of promise and prosperity,” de- clares Mr. De Gelleke. The present upward move began very slowly in 1934, he points out, and only recently has been gathering momentum. Federal outlays for pub- lic works was of great assistance in getting the building industry started, and any restriction of this form of spending will probably be offset by necessary construction undertaken by States and municipalities with their own resources, according to De Gelleke. “Very encouraging are the records of the past year which indicate that private work continues to grow,” Mr. De Gelleke says. “Actually, private work increased approximately 100 per cent in 1936 over 1935, while in the same period the total amount of build- ing rose only 20 per cent. “Costs have not been reduced to any great extent nor is it likely that there will be any lowering of them. There is, however, the probability that they will remain fairly stable so that rising costs will not stop the advance of the industry. Income from buildings has increased, creating an incentive to venture upon construction projects. “Undoubtedly we are on the thresh- old of a decided advance in the build- ing industry, and opportunities for the members of the architectural profes- sion will multiply. The need for houses of moderate cost is great. This portion of the building industry has hardly been touched by architects, yet by training and background they are best equipped to study the problem and handle it in a satisfactory man- ner. 2 “The use of good materials in a simple, economical manner, well pro- portioned, and of good design and usable plan can only be accomplished after study by able designers. The architect will provide a solution of this problem. “There is a great and definite need for low-rental housing projects. Through the, P. W. A. the Federal Governmenjy has taken the lead in this fleld 8.1d has demonstrated what can be dene. Undoubtedly it has not attained all its aims, but the feasibil- ity of this type of project has been shown, and private enterprise has be- come interested, opening up a large future for the industry and for archi- tects. “In this connection, one of the basic requirements is readjustment of the tax burden. The present method of penalizing every effort made to im- prove housing conditions creates a tremendous obstacle to progress, and the question of a just distribution of the burden of taxes must be studied. “Inasmuch as incomes are dependent upon the activities of and the oppor- tunities of communities, it follows that & tax on income is just and equitable. I suggest that this matter be made the subject of thorough re- search.” —_—— Permits (Continued From First Page.) brick dwellings, 7734 and 77388 Six- teenth street; to cost $30,000. Stone Construction, Inc., 927 Fif- teenth street, owners and builders; R. K. Smith, architect; to erect six 2- AN OUTSTANDING NEW HOME IN A WONDERFUL LOCATION Open for Your Inspection Daily and Sunday Large Living Room Three Bedrooms aths Ultra Modern Kitchea Automatic Gas Heat Recreation Room Rock Wool Insulation Lot 156 ¥Ft. Deep—Fenced Briek One-Car Garage Only $8,950 SEE_THIS TODAY ‘WITHOUT FAIL Realtor 1515 K St. N.W. DL 3100 ) 6420 7th 1512 K St. N.W. Life Is Worth Living in a Wardman-Built Home THESE WARDMAN-BUILT HOMES Will Be Open, Lighted and Heated During the Holiday Season & e 514 Powhatan Pl. N.W. 6 Rooms—2 Baths $7,450—%7,650 O 824 Tewkesbu 6 Rooms & $6,750 O———e 1321 Hamilton St. N.W. 7 Rooms—2 Baths Trades Considered e ie 6 Rooms & Garage $6,750 O— 6203 Melville Place Chevy Chase, Md. 6 Rooms & 2 Baths $11,750 Harry Wardman, Inc. Pl. N.W. St. N.W. DI. 3830 SATURDAY, DECEMBER 26, 1936. REAL ESTATE. Star Home Floor Plans Arrangement of the first and second floors of the new Silver Star Home at 3100 Fozhall road, Wesley Heights, is shown here. The house, erected by W. C. & A. N. Miller, will be opened to- morrow. story brick dwellings, 1334-1344 Queen street northeast; to cost $25,000. W. R. Mathis, 3224 Morrison street, owner and builder; George T. Sant- myers, architect; to erect four 2-story brick dwellings, 223 to 229 Gallatin street; to cast $20,000. Eugene H. Phifer, 3814 Twentieth street northeast, owner and builder; Dana B. Johannen, jr., designer; to erect two 2-story brick and cinder block apartments, 3910 and 3914 Ninth street northeast; to cost $17,000. John M. King, 1008 Eleventh street, owner and builder; F. G. Nordstrom, designer; to erect three 1l3-story brick and cinder block dwellings, 4823, 4819 and 4815 Forty-third place; to cost $15,000. Edward A. Hyde, 5918 Second place, owner and builder; E. V. Conner, architect; to erect two 134-story brick and cinder block dwellings, 1000 and 1004 Congress street southeast; to cost $6,200 each. Barnaby Woods Development Co., Bethesda, Md., owners and builders; Louis R. Moss, designer; to erect one 2-story brick and cinder block dwell- ing, 6646 Thirty-second place; to cost $10,000. Frank 8. Phillips, Fifteenth and K streets, owner; Dillon & Abel, de- signers; E. N, Hamilton, Fifteenth and K streets, builder; to erect one 2-story brick dwelling, 4825 Blagden avenue; to cost $9,500. Standard Oil Co. of New Jersey, Baltimore, Md., owner, designer and builder; to erect one 1-story concrete block addition, Connecticut and Ne- braska avenues; to cost $8,000. Barnaby Woods Development Co., Bethesda, Md., owners and builders; Lous R. Moss, designer; to erect one 2-story brick and cinder block dwell- ing, 3200 Worthington street; to cost $10,000. Barnaby Woods Development Co., Bethesda, Md., owners and builders; Louis R. Moss, designer; to erect one 2-story brick and cinder block dwell- ing, 6638 Thirty-second place; to cost $10,000. John M. King, 1108 Eleventh street, owner and builder; F. G. Nordstrom, designer; to erest one 2-story brick and cinder block dwelling, 4807 Forty- third place; to cost $6,000. John M. King, 1008 Eleventh street, owner and builder; F. G. Nordstrom, designer; to erect one 2-story brick and cinder block dwelling, 4811 Forty- third place; to cost $5,500. A. Vance, 2103 Second street, owner; J. A. Plater, designer; R. Dodd, 906 Forty-eighth street northeast, builder; to erect one 1-story brick and cinder block dwelling, 4216 Lane place north- east; to cost $4,000. Mrs. Katherine Tenney, owner; R. W. and J. B. Bowling, builders; to erect brick addition, 2236 Massachu- setts avenue; to cost $4,000. Goodwill Industries, 1218 New Hampehire avenue, owners; A. P. Clark, jr., architect; R. K. Ferguson, Inc., 3831 Georgia avenue northwest, Open For Inspection Daily and Sunday 1210 Decatur St. N.W. 316 Gallatin St. N.W. Wm. H. Saunders Co., Inc. 1519 K St. N.W. District 1015 Saunders Service Since 1887 New Hampshire avenue; to cost $4,800. Creal & Turner, Inc., 1822 Pennsyl- vania avenue southeast, owners and builders; L. O. Turner, designer; to erect one 1-story brick dwelling, 4614 Ellicott street; to cost $3,500. M. Kapneck Construction Co., 736 Eleventh street, owners and builders; R. C. Archer, jr., architect; to erect one 1-story brick addition and make alterations, 2405 Eighteenth street; to cost $3,500. Silver Star (Continued From First Pll!.r)~_ usually well arranged with the latest in equipment. Has Four Bed Rooms. ‘There are four bed rooms and two baths on the second floor. The mas- ter's bed room has an excellent view of the surrounding city and country. ‘A bath connects directly with this room. There are two bed rooms and bath on the third floor. All of the bed rooms -have unusually large closets. A big club room in the basement com- pletes the house. The Star Homes Committee members were lavish in their praise of build- ing materials and workmanship em- ployed in erecting the home. Latest type air-conditioning equip- ment was put in the home, which is heated by a The kitchen range likewise is fired by gas. Furnishings for the dwelling were supplied by Pothast Bros. of Baltimore. It has been attractively decorated by the Wesley Heights Shops, while E. P. Hinkle & Co. fur- nished the rugs. The home may be reached by driv- ing out Massachusetts avenue to Ca- thedral avenue thence west on Ca- thedral avenue past the Westchester apartments and through the main portion of Wesley Heights to Foxhall road. Turn right on Foxhall road. The house is located about a block from the intersection of Cathedral avenue and Foxhall road. R Cotton Output Increased. For the first time in its history the State of Sao Paulo, Brazil, produced over 1,000,000 bales of cotton last season. Another New Group of De Luxe Bungalows 5-ROOM BRICK %5,350 4408-4416 BECK ST. SE. FEATURING Full Basement Dot e B-W, H, Ameriean’ 1deal Boller Hardwood FI Open and Heated Daily and Sunday To Inspect—Drive out Pa. Ave. fo Ala- dama Ave. left on Alabama Ave. {0 Beck St., turn right on Beck St. JOSEPH C. ZIRKLE y“ (i '\‘”“\ il SE SATIO gas-burning furnace. | FAIRFAX ESTATE CHANGE RECORDED Total Number of Realty Trans- fers in County Due to Exceed 1935. Special Dispatch to The Star. FAIRFAX, Va, December 26.—A number of large realty transfers have been recorded in the office .of County Clerk John M. Whalen dure ing the week. A tract of 131 acres on the Great Falls Highway, near Madeira School, formerly the property of Margaret F, Drummond-Wolft of London, Enge land, has been conveyed to Agnes E. Meyer of Mount Kisco, N. Y. The land is located in Providence District. The Lohr estate, near Vienna, also in Providence District, including approx- imately 201 acres, has been trans- ferred to Nicholas G. Economas and Enterpe Economas, his wife, of Wash= ington, D. C. Katie L. Pilmer has sold a 207~ acre tract of land in Lee District to Boyd Fisher of McLean. An unusually large number of realty transfers have been made in the county during the last few weeks, and it is expected the total number of recordations for 1936 will exceed the 1935 figures by approximately 900. Protect Studs From Moisture. Now that houses are being humidi- fled it is desirable to place a layer of waterproof paper back of the plas- ter to prevent the penetration of the moisture through the plaster into the air spaces between the studs, wherer condensation is liable to oce cur in cold weather. THE TALK OF WASHINGTON ONLY 1 LEFT EXHIBIT HOME 2220 R STREET N.E. The “Sunshine Homes” are some- thing entirely new in brick bunga- lows. English and Colonial designs —>5 rooms and bath—studio dining rooms—facing 600-acre Govern- From 15th & H Sts. N.E. North & 3 Bladensburg Road 'to ‘R Street. Turm Rioht 1% Blocks to Homes. CARROLL CONST. CO. LI. 8258 GE. 3530 A Low-Cost Home Quality Built $4,750.00 (1) 5 Rooms end Bath (2) Full Basement (3) Oil Air-conditioned Heat (4) Lots 75x140 (5) Space for 2 Rooms aeddi- tional on, 2nd floor A new 200-ecre subdivi- sion 22 min. from down town (6) Special features to be provided are children’s playgrounds, rec- reational center for grown-ups, stores, schools and churches. To reach Sample House drive directly out Rhode Isiand_ Ave. to Hyattsville, thence on Baltimore | Pike to top of hill in University Park, turn right on University Road about 2 blocks to end of street to our Sample House sign. Open 9 AM. to 9 P.M. R. BATES WARREN 1108 16th St. N.W. It ve., Wis. 3068; NA. 9453 AL OFFER!! NEW STONE CORNER HOME 8ROOMS—2 BATHS—RECREATION ROOM—SHOWER—2-GAR GARAGE a WOODHAVEN on dley Drive Out Today Wisconsin Ave. to Bradley Blvd., left 3 miles to Wood~ haven — or from Conn, Ave., drive over East West Highway to Wilson Lane, to Bradiey Blud.. right 8/10 mile to property. home elsewhere. Boulevard. 8./10 Mile West of Wilson Lane, near Bethesda, Md. Special Price 12,500 Others At $10,500 and $8,750 Property Fully Improved With Concrete Streets Paid For OPEN FOR INSPECTION DAILY AND SUNDAY UNTIL 9 P.M. OMPLETE in every detail, this spacious home, typical of the sturdy homes which have been completed and planned for this new section, warrants your closest inspection before you complete the purchase of a STONE construction, poured concrete foundation walls, FENESTRA STEEL CASEMENT FRAMES, LUDOWICI, TILE ROOF, CHASE COPPER PIPE, GUTTERS AND DOWNSPOUTS, TWO STONE FIREPLACES, THRUSH HOT WATER HEAT, CONCEALED RADIATORS, OIL BURNER, ELECTRIC REFRIGERATOR, COLORED TILE KITCHEN AND BATHS, COLORED PLUMBING FIXTURES, VENETIAN BLINDS, LARGE CEDAR ELECTRIC KITCHEN REALTH HOME All Prices on Houses will be advance: CLOSET, LAUNDRY CHUTE AND MANY OTHER FEATURES. We Will Build Homes to Order Anywhere— advanced Drices of bulding January 1st, 10%, In keeping with terials—Buy Now! Oakwood Engineering Corporation Builders of Homes of Distinction and Quality Office on Property—Free Transportaion Phone Wils. 1549 S——— L