Omaha daily bee., 1906-09-16
TIMELY REAL ESTATE TALK
Sale Of letter Property Starts Talk Of Kew
Packing Plant
EELs MORRIS THOUGHT TO Be BUYER
Deal Carried On Through r. ,. O'NeiII,
Who IL Acting as Agent for
Purchaser Not Yet
Named.

One Of the biggest real estate deals Of
the season for South Omaha was made last
week. The usual rumor OF a new packing
house is current as a result. while others
Ae>y the deal was made by the Union
Stock Yards company. and may mean
either new packing plant OF an extern
sion OF the stock yards. Balthas letter
sold to Thomas o'Neill. the real estate
man, fourteen acres of land, bounded on
the east by Twenty Seventh street. on the
west by Twenty-eighth, on the north by
r, and on the south by w. Mr.. ONeill
is regarded as merely an agent in the mat
ter, acting for the Union Stock Yards
company, or perhaps for Nelson Morris,
whom rumor has scheduled time and time
again to erect a packing plant in the city.
However that may be, the deal is a large
and important one, and can only mean
some large Improvement. The consideration
involved was $4,000. or S2,425 an acre.
Trackage can be obtained for the land
from both the Rock Island and Union
Pacific roads. Omaha realty men prefer to
think the Union Stock Yards company
bought the Land. rather than packing
company.
At a meeting OF the Real Estate ex-
change Wednesday, Fred wead talked for
a five-story building on the Haney corner,
but failed to enthuse the real estate men
TO a degree that a sufficient number of
them would produce the proposed per
capita amount OF cash. Therefore a two
story building will be erected, says Mr..
-wead, and operations are to begin not later
than November L
At the exchange meeting, Mr.. wead pro-
posed that the organization vote to buy
$4,000 worth of stock In the Real Estate
Exchange Building company, which would
be about $500 for each member. and would
mean about sl,4O0 for those who had al
ready taken g. 900 stock Mr.. wead thought
such action, In addition to raising funds
for the structure, wbuld tend to enhance
the value of membership on the exchange.
This plan was not deemed advisable by
the exchange, for the reason that some
members do not desire to take stock In
the concern, and would be unwilling to
furnish their share of the necessary mCaey.
Seventeen per cent is a good income on
a real estate investment. yet It is not in
frequent in these days Of good times. Last
week one building in the city was sold
through a local real estate firm, which
will bring an annual rental equal to some
{ thing over II per cent Of the money in
vested. Ten and ~ per cent investments
are very common in Omaha, and are made
possible by the great demand for houses
for rent. When once building operations
catch up with the increase of population.
say the realty men, and there is not much
prospect they will do so soon, the large
Percentages cannot be obtained. Another
consideration enters in. however, and 1t is
the fact that the sale price OF property n
bound to increase as the city grows.
The Omaha Daily News has let to r. p.
Gould g. Son the contract for the erection
OF It's new building at Seventeenth and
jackson streets. and promises that work
will be begun there this week. probably
Monday. According to the contract. the
building will be finished and ready for
occupancy by January l. The building will
be at the southwest corner of Seventeenth
and jackson, having a frontage of 100 feet
on jackson street and eighty feet on Seven
teenth street. 1t will be two stories In
height and will cost $4,000. AS the Daily
News intends to occupy the whole building,
II will be constructed strictly with an idea
70 convenience in newspaper work.
The old homestead Of Bishop Clarkson
at Twentieth street and st. Mary's ave-
nue. has been plated and will be sold. II
has been divided into fifteen lots. fronting
on St. Mary's avenue and Jones street.
The property is owned by Mrs Nellie C.
Davis, wife of +. II. Davis of the First
National bank. and Mrs. Mary C. Mills
paugh. daughters Of Bishop Clarkson. The
house on the place. the old Clarkson resi-