Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-01-01
1906 recorded realty transfers......T,O,

The past two years have been extraord'-
nary I'm real estate activity in Omaha, not
20 much in the aggregate transactions as m
the transfer OF important properties to
ownership that is TO improve them and
make them more productive. The restora'
ton Of the genuine healthy tone to the real
estate market is a peculiarly bright feature
Of recent years. Particularly encouraging
from the commercial viewpoint is the ie-
vclopment and improvement of the whole
sale and retail business districts, the rec
ords showing such a phenomenal growth or
jobbing, manufacturing and retail concerns
that many of them have had to procure
new or larger quarters
The advent Of the Chicago Great Western
with its freight and grain terminals and
the spreading out of the terminal trackage
Of the railroads already here, has proved
to be one OF the most stimulating turns in
omaha's history. This has been accom-
panied by a shifting of the preferred whole
sale territory and also by visible move
nent of the retail center in a direction to-
ward the south and west The trade in
residence property has likewise been UNI
commonly good, facilitated largely by the
operations OF the scavenger tax law by
which many pieces Of property burdened
down with accumulated tax liens have been
relieved and placed on the market
Concentration OF all these factors to- |
gether with steady and persistent demand
for the erection and ownership OF small
homes, has invested the real estate business
with the most prosperous conditions since
old time boom days. and the prospects for
the next two years are even brighter than
the results of the period just closed
Extending Railway Terminals.
The most extensive real estate transaction
nf no the
Chicago Great Western railroad of two
large tracts of land for freight and elevator
terminals. Altogether between fifty and
sixty acres almost within mile of the CEN
ter OF the city changed hands at an aggre-
gate outlay of $4,000. Most Of this money
went to resident property owners who had
bought their homes years ago when the dis
trict was expected to become an exclusive
residence section. The tract used for freight
terminals extends from Twentieth to Six
teenth streets and from Leavenworth be-
You'd Pacific, embracing from seventy-fve to
eighty full-sized lots and aggregating
fifteen acres, for which the total considera-
ton was s35OOOO The land for the grain
animals lies along the Union Pacific right
Fay from Twenty-sixth street west to
north line of South Omaha, measuring
thirty-eight acres, for which $4,000
paid. considerable outlay was also
red to put the ground to the desired
! by cutting and filing and while all
10 land is not at present used for ele-
and terminal purposes the remainder
be held for enterprises of cognate
hcter that will be developed in connec-
with the railroad and grain terminals.
first purchase on these transactions
made in August. 1903 and while the
ng was completed in September OF the
wing year the actual transfer of pos
on was not finished until this year,
than 10 dwellings having to be torn
I'm or removed to make way for the new
provements.
Big Retail Deals.
- The second largest real estate deal OF the
last two years is that by which an entire
square of ground. with the exception OF
one lot, has been acquired for the big
department store of J. l.. Brandeis & Sons
and its allied interests. The new acquisi-
ton consisted of the entire half block
between Sixteenth and Seventeenth streets,
fronting on the south side OF Douglas
street. where eight-story store and
office building is already in course of cree
ton, which is to he connected by tunnels
with the buildings on the north side OF
the street previously occupied, or owned
by the Brandeis establishment. The tota
considerations in these transactions
begun In 1904 the complete transfer of pos
session is not to be accomplished until
March. 1906. This property In the hear
OF the retail district, being 1872 feet oil
Sixteenth and Seventeenth streets each anC
26i feet on Douglas street, took in thu
Young Mems Christian association build
ing bought for S2OOO 900, the Glencairn hote
bought from Guy c. Barton for $1,000. ant
u a forty-four foot block of brick residence
u FOR Mi ha
tate of A. r. Dufrene the basis OF $S5, 00C
Tho Brandels companies now occupy tn
northwest corner of Sixteenth and Dougla
and own the northwest corner OF Seven
teenth and Douglas well as the south
west corner OF Seventeenth and Douglas
giving them interest in real estate consti
= tuting full city block within this area.
Other representative transactions in res
estate in the retail district for 1906 includ
the transfer OF the modern Commerce.
National bank building at the northwe:
corner of Sixteenth and Farnam streets
the new United States National bank a
a part of the bank merger. In this cas-
the consideration was 100000. the hguI
being reached after expert appraisement
Typical OF the value OF high-priced Fal
nam street frontage was the purchase b
George Warren Smith OF the inside lot o
the south side OF Farnam street, east
or on the basis % 81. 900 a front foot. TIL
lot had been sold in September. 1904. /
the John Hancock Mutual Life Insuran,
company to e. V. Holman as agent Il
Clara Brown Wyman and Myron
Learned for $4,000 and was turned ov,
In less than year at an advance OF $50
Mr.. Learned and Mrs. Wyman figure ais
although not openly, in the purchase
the Bachelor hotel property, on the nor
side Of Farnam street, near Twentiet
bought in November in the name OF Z. '
Homan for a consideration OF $4,000. II
hotel occupies a frontage OF les feet
Farnam. which formerly belonged to q
old Hitchcock estate.
Tolf Hanson was about a year ago fore
TO get more space for his restaurant,
Douglas. between Fourteenth and Fl
teenth streets. and purchased the invent
two feet adjoining to the west and the tw
story brick building on It. the conside
alton being $4,000.
The Philadelphia Mortgage and Tru
company sold e. F. Riley the lot next
the northeast corner OF Nineteenth a
Ear for SIS ~.