Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-07-22
TIMELY REAL ESTATE TALK
Speculation Still Rifeas TO Lot at Sixteenth
and Hamey.
GEORGE & co. REFUSE TO GIVE UP
They Made one Tangible Propositions,
60 Erect Building ON Half 10
Sell other Half for An
other Structure.

other Structure.
Naturally enough people walking down
South Sixteenth street as they note the
Bennett store, the HOaEland block, the
Webster-Sunderland building and the Her
Grand hotel, look at the vacant ground
at the southeast corner of Sixteenth and
Harvey, and wonder what will be done
there. 1t would be fine site for large
building, they say. From time to time
rumors have been circulated concerning
negotiations under way and the subse-
quent erection of a large store building
AS a matter of fact these rumors have
often been true, but the owners are not
80 anxious to dispose of the property I'M
less they get their own price, and con-
sequently all NEGOTIATIONS so far have
fallen through. c. c. George of George
g. Co., who have the agency for tho prop
erty, says his clients are not anxious to
sell, for they realize the property is in
creasing in value yearly They have made
one standing proposition, however, that
10 to erect a building on half the ground,
II they can sell the other half, with the
stipulation that the purchasers erect
building equally as good Two buildings,
similar in size and construction, would
ture covering the whole lot.
"A real estate man has to be watching
out all the time for men who are trying
TO get the best OF him." said one OF that
fraternity the other day, as he hung up
the receiver Of his telephone, "ThRt man
to whom was talking Just now wants
to know all about q certain piece OF prop
erty, price, and so forth, but will not tell
his name. He says no doesn't care to
have his name known, because he doesn't
like to have real estate agents after him
all the time. told him couldn't BIO
confidential with him unless he would be
confidential with me. How am to know
that IL isn't another real estate man who
wants to get all the information have,
to use in getting ahead Of me on a sale
don't know, so 1 have to be still,
There are really people, though, who
are looking around to buy property and
who call up by telephone and will not
give their names. That Is because, as
they say, they do not want us running
after them"
Il am Of the opinion the business IN
Omaha has reached a more ethical basis
than that on which Il stood some years
ago." said another. "There was n time I'm
this city when every agent was ready to
butt in ahead Of any other agent and make
sale, no matter what previous claims the
other man may have had on the prospective
buyer. That is a common state Of affairs
in the new towns Of the west, where bust
ness life is strenuous and hundreds OF 30.
called real estate men como and flourish
for brief while and then pass out Of
sight, but II oughtn't to be that way In d
community like Omaha, where everybody
has been long established In former dRyI
II was imperative that O real estate mar
should never drop q word about his bust.
ness before other men Of his kind for feaI
they would set the sale away from him
That happens occasionally now, OF course
but the frequency is constantly diminish.
ing. Generally speaking, the realty met
are disposed to keep their hands of unit
the man who discovers the client finds tina
he cannot make a SALE"
The sister city Of South Omaha keep
growing in size and in extent Of com
mercial interest, Very frequently some rea
estate deal is announced which means thu
establishment of q new industry or the OK
pansion of an old one. The last such trans
action was the purchase OF tho old Contra
hotel property at NJ street ana Commercial
avenue by Frank Vacicsk from the Er
ringer estate. Mr.. vacicek has q factor,
which makes overcoats, robes ana rug
from furs and sheep pelts, Last season
output WAS prepared at South Omaha 70
the making, but was sent to Cedar Rapids
Ia, to be finished AS the business of las
year, which was the first, was very profit
able Mr. Vacicek has secured a large
building and win secure the needed up
planes TO finish his product at home. Til
new factory is three-story and basemen
brick building 76xeo feet.
1t was few years ago that GeorE
Frnncis Trains famous old hotel. the Coz
zen's house, at Ninth and Harvey streets
was destroyed Even the basement hol
Is not there now. for in its place IL tn
immense excavation for a large modsr
building. In a few months citizens ca
point to the Carpenter Paper company
seven-story warehouse. in dimensions 10
1872 feet. and say Where that big fireproo
building stands. the whims Of George Frar
chs Train. In the early days Of Omahs
erected a big hotel In the short space
have both passed from sight, but Omaha
tobhing district Will continue 70 gro
around the historic spot"
w. Farnam Smith & CO. have plated
tract OF ground az Twsuty-hfth avsnu
and Spencer streets. comprising slxtee
lots, and viii place II on the market sooI
1t will be known as Smiths subdivisiO
10 Giese's addition. The property will /