Omaha daily bee., 1906-10-21
TIMELY REAL ESTATE TALK
Union faoiho Headquarters Sit. Still a
Subject for Conversation.
SPECULATION As TO WHAT MIGHT Be
Rumors of other Selections aud Ad-
ditionnI Deals Involving other
Corners and some Fancy Fig
ures for Property.

John i. McCague OF the McCague In
vestment company. which engineered the
deal for the Union Pacific in the purchase
o. ito new building site. says there is no
foundation for the rumor that the rail-
road has made advances TO the odd Fell
lows and the workmen looking toward the
requirement OF their property on Four
teenth street. between Dodge and Capitol
avenue. General Manager Mohler OF the
Union Pacific has made the positive pub
lie statement that the company has all
the ground Il wants for the headuiiarters
The fact remains that someone has been
trying TO get the two fraternal organiza-
lions to name price on their property
Some interested folks think that certain
real estate agents have sought to get
low price named in the hope that they
could offer the property to the railroad
company at a figure which might prove
attractive. 1t may be that some agent is
trying to get an option and has some
project in mind by which he can sell the
property elsewhere at a profit. More or
less speculation Of this sort always follows
in the wake of big transaction.
While the Union Pacific officials insist
that their site at Fifteenth and Dodge
near the center of conveyance of the vari-
Gus car lines. there many who yet say
II is unwise thing to place fine large
building in the midst OF the surroundings
of that neighborhood. They say it should
be farther west. Some actually believe
that the recent action of the Union Pacific
r. a clever ruse to throw property holders
of their guard in order that they may be
induced to give options at a reasonable
ngure on property farther to the west. To
support this argument they say they have
made an investigation and have found that
not a dollar OF Union Pacific money has
yet been advanced on the Dodge street
property. They know that the McCague
Investment company has advanced money,
but they think 1t likely this concern wants
the property for some client other than
the railroad company.
The south half of the block north of
Douglas street, between Seventeenth and
Eighteenth streets. and the south half of
the block Immediately west are two sites.
either OF which the Union Pacific would
have been glad to get could 1t have had
the property at what II considered rea-
sonable figure. Some attempt was made TO
get these corners for the company, but
without success. The lots in the first men
fioned block are in order from the corner
of Seventeenth and Douglas west, owned
by Mrs. Robert Fink, Lillian NJ. Jacobs
NJ. w. Kennard and A. J. Hanscom. In
the other block the two west lots are
owned by Virginia Hanscom, the north half
of the two east lots by M. c. Cunning and
she south half by Virginia Hanscom. One
real estate man says with assurance he
believes the Union Pacific still has hope OF
!, getting one of these sites Had the Union
Pacific Cared nothing how much 1t paid for
q site II might have had the fine property
at the southeast corner OF Sixteenth and
,Harney streets. This is 1872 feet on Sixteenth
and ninety-nine feet on Harvey, but the
owners are said to ask 200 for it, or
s5,oo0, a front foot, for property only
uinety-nine feet in depth. This is large
sum compared with something like $4,000
for the property at Fifteenth and Dodge.
The neighborhood of the Field club has
had a rapid development this summer.
About fifteen new houses have been built
or are In course of construction east and
northeast of the club grounds and about
twenty more are In prospect. Sidewalks
ON the south side of WOODWORK avenue
from Thirty-second avenue west to the
club are said to be assured for this fan
and work on a sewer system for the dis
trict is under way. Among the houses
which are being built are those OF Max
Reichenberg. Judge Day. F. w Judsor,
A. w. Scribner and Ed p. Smith. Among
others who have planned residences are
Dave O'Brien. John NJ. Guild, Guy Pratt,
Il. A. Hinrichs, F. S. Knapp, w. a. De-
Bord, VIII Palmatier, HAIRY Steel aud
Mr.. Fetters.
Perhaps the largest gift of real estate
in the history of Omaha was made by
Count John A. Creighton to Creighton
college last week. 1t consisted OF the
Creighton warehouse at Tenth and Jones
streets, occupied by the John Deere Plow
company, and the big new warehouse at
Ninth and Howard streets, to be occu-
pied soon by Byrne & Hammer. wholesale
dry goods merchants. The value OF the
property approaches 100000
f. A. Putnam has purchased from VIII
tam Muihall the residence property at 1872
Poppieton avenue, the price being 5000