Omaha daily bee., 1906-10-07
TIMELY REAL ESTATE TALk
! Carnival Week Dali Time for the Local
Dirt Dealers
SEPTEMBER SHOWS UP A FINE INCREASE
Gain for the Week over Last Year
Suggests that Fall Business
VIII Far Exceed that
of 1905.

: Ak-sar-Ben week has come and gone
and the real estate men are glad Of II.
While a number Of persons have visited
the city and looked at property with a
view to investing. yet one lot sold is worth
dozen In prospect. and the dealers are
thinking first of all OF current business.
And business has been light for ten days.
Everything was in nutter; people wero
either visiting or being visited and they
let thoughts OF buying and selling lots
and homes drop for a while In a week
business will be back at normal again,
say the real estate men. All are expecting
a record breaking fall business.
II October, November and December gain
over previous years in point of real estate
transfers in proportion as September
gained the fall will be placed on record
as the biggest one in many years in realty
transactions. September transactions were
ss24.2sS. as compared with s54S.7s5 last year
and s4s2eSs the year before. In both 1905
and 1904 October transfers were larger than
September. and November larger than
September. Building permits for the Sep
tember just passed amounted to SS35.i50,
compared with s27syOsO for that month last
year and s402, 10 in 1904
It is a noticeable fact that the better
sort of Offices are very scarce in Omaha
Nobody realizes this more than the young
doctor who is just beginning to practice
and who must of course get himself To-
Gated respectfully. number of young
physicians have started in this city recently
and invariably II has been the case that
after looking over the whole city the new
conner had to ask some other doctor to
share his office with him. He could find
an office elsewhere, Of course, but at what
distance from the center of the city and
In what sort of building? II is also true
that business offices about the city are at
a premium. No office on the busiest streets
IL vacated but that there are Immediately
several applicants for 1t.
The erection of the Brandeis building is
calculated to effectually relieve the con-
gestion for time at least. II is said that
the floors in this structure which are to
be devoted to Office purposes will have as
much floor space as the entire Bee build
ing, which is one Of the largest sfice
buildings In the city. and in addition two
more stories such a. The Bee building has,
1t will be about year before the Brandes
offices are finished and Omaha office
renters will have to get along as best they
can until then.
Another thing that is scarce in Omaha
Is warehouse room with accessible track
age. Net long ago the John Deere Pillow
company was compelled to go to Council
Bluffs to get room to store lot of We
hicles having looked over the local situa-
ton in vain. Now the Rock Island Pillow
company is looking for storage room with
'sstrackage and has been unable to find it.
AS n matter of fact. good trackage ground
itself is scarce. and those business inter-
ests which expect to have to build within
the next few years are availing them
selves of the opportunity to buy such
property whenever possible. Early in the
summer the John Deere Pillow company
bought a half-block OF ground on Leaven-
worth street. between Eighth and Ninth,
and Manager Peek said it was because
OF the growing scarcity of trackage prop
erty. The company intends to erect II
large warehouse, but not Immediately. and
in buying 1t was protecting itself against
the contingency of being unable to find a
site when the time came to build.
Hastings & Heyden have secured from
the United States Real Estate and Trust
company and Elizabeth Kountze Real Es-
tate company. exclusive agency of unsold
lots in Kountze Place. This property has
heretofore been handled by Herman
Kountze. 1t is the intention of this firm
TO push the sale of these lots in the
same way they have handled Bluff View,
Sulphur Springs and other additions sold
by them. No effort has been made in the
past to sell these lots and for this reason
st is not generally known that choice lots
in Kountze Place can be bought as low as
s70o. A number OF new houses will also
be built by this Arm.
At the meeting OF the Real Estate ex-
change last Wednesday George G.. Wallace
: suggested two subjects for discussion at
future meetings OF the exchange. One
is the present system OF rents, which Mr.
Wallace thinks is all wrong. Think OF
one house renting for s12 and another
Just like It on the next block renting for
s15" says he. Mr.. Wallace thinks rents
will be more uniform II the realty men
will talk the subject over in their SEES
sions. Another vital subject is the cost
of abstracts on small pieces of property