Porter, Lester W.

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Lester W. Porter

Lester W. Porter was a major Chicago industrial real estate investor, He was a partner in the Hodge, Nicholson, and Porter real estate firm and was once president of the Chicago Real Estate Board.

Obituary for Lester W. Porter, Chicago Tribune, February 7, 1960, page C44

Services for Lester W. Porter, (1885-1960), 75, a Chicago industrial real estate broker since 1917 and former officer in the Chicago Land Clearance Commission, will be held at 11 a.m. Tuesday in the chapel at 2121 W. 95th Street.

Mr. Porter died Friday night in his home at 9753 S. Hoyne Avenue. He was vice president and partner in Nicholson Porter & List, Inc., 231 S. LaSalle Street and had been a member of the Chicago Real Estate Board for 40 years and was its president in 1933.

Conducted Housing Survey

Before starting his own business in 1917, Mr. Porter was chief examiner for evaluation of railroad property for the Interstate Commerce Commission.

In 1933, he conducted a government survey of housing in Chicago. Mayor Kennelly appointed him to the Land Clearing Commission in 1953 and he served for a while as its treasurer.

Mr. Porter aided the Commission in its acquisition of sites for industrial redevelopment.

Headed Realtor Society

Among the posts he held were president of the Chicago chapter of the Society of Industrial Realtors, and Illinois president of the American Institute of Real Estate Appraisers.

He is survived by his widow, Rosamond, a son Frank W.; a daughter, Mrs. Marjorie H. Poor; and a grandchild.