Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-05-13
TIMELY REAL ESTATE TALK
New Exchange Building Company d Nov
Making HeadwAy.
HEALTHY CALL FOR RESIDENCE PROPERTY
Real Estate Men Find that Deals
DO Not LinBer Long on Their
Hands These Busy
Days.

DO Not LtnBer Long on Their
Hands These Busy
The newly organized Real Estate Ex-
change Building company met Saturday
noon at the Commercial club and looked
over the abstracts and other papers pre-
paratory to the transfer 20 the company
from the woodmen circle Of the lot at tho
southwest corner OF Eighteenth and FSrnam
streets. At the close OF the boards delib-
erations the executive committee was au-
thorised to complete the purchase II Is
expected the deed will be signed Monday
morning. Stockholders who have signed
since the organization Of the company are
S. S. Curtis. Fred II. Dufrene. Charles
McAIenemy, George b. Rilter, C. r. Glover.
w. d. Reed the Russell q MoKitriok COM
pany and Reed Bros. The canvass has been
stopped, as there is room but for eight
more stockholders, and there are twenty
five real estate men considered as prob-
able subscribers.
Tho president OF the board Of directors
has been authorized to sign a petition to
the council asking for sewer repairs and
paving in the alley in the rear OF the prop
erty Three business men outside the real
estate fraternity have applied for space
in the proposed building Two have asked
for two floors each and one for one floor
II has not yet been decided whether or
not the building will be erected for real
estate men alone. At the stockholders
meetings last Tuesday a committee. con-
sisting Of w. L. selby, w. r, Homan and
Ernest Sweet, was appointed TO receive
the propositions Of prospective tenants with
view to settling on tho character Of con-
struction Of the building. An adjourned
meeting OF the stockholders will be held
Wednesday noon after tho regular meeting
of the Real Estate exchange, and meetings
probably will be held each Wednesday
thereafter.
The largest single transaction in many
months. with the exception of the sale Of
Frank Parmalee's property on North Six
tenth street to Herman Cohn. was the
transfer Of the Davidge block by @. Gift
ford Davidge and others to Dr. Harold
clifford of Omaha Including agents COM
missions, the property brought 100000
DR.. clifford has always invested in farm
| property but now he has decided that
Omaha property is the place to put HIS
| money. He sold a big ranch at North
| Platte at a big advance over the price he
paid several years ago and used that
money in the recent purchase. DR.. Gif-
ford has been a successful buyer of farms.
| Six years ago he bought the Kaufman
ranch, q few miles north of Florence, for
| $4,000, and now II Is said to be worth
| double that figure.
There is a growing healthy demand for
good property, particularly residence
property, at reasonable figures" said John
L. McCague 'Tt 10 nothing startling,
not a boom at ali. but natural. quiet.
legitimate growth. For a good many
years we real estate men waited several
months for an offer when we advertised
property, and 1t Is only recently that the
situation has become encouraging.
About a month ago I advertised for sale
a house and lot at $4,000, but 1 didn't
push IT until within the last week. Two
or three prospective purchasers came in
a few days ago. but today they came in
heap, four OF them. One of them bought
the property. OF course they couldn't all
have II. This merely shows the need OF
more dwellings In the CITY,"
It seems evident that President w. II
Green OF the Real Estate exchange has
planned to have all the prospective repub-
lican candidates for the Nebraska senator
ship address the exchange. In the course
OF addresses which he has arranged. John
l.. Webster and Charles j. Greene have
already appeared before the realty men.
Now, Mr. Green has written TO Norris
Brown asking him To be the guest of the
exchange next Wednesday and exploit his
ideas on any subject he may see At to So
lect. 1t Is said that Gurdon w. wattlea
will come next, and that T. Rosewater
will be asked to contribute the last of the
series of addresses when he returns from
Rome. However. Mr., Green's plan seems
to be entirely innocent OF politics. Charles
J. Greene touched lightly on politics in
its relation to business, while John L.
Webster confined his remarks to the sub
jsct of commercial ana Industrial prosper
ity.
Bids are 20 be returned May . on the new
building OF the First Reformed church,
which viii be located at Twenty-third and
Boulevard. 1t will be OF brick and its d.
, mansions will be 46x7O feet. An old frame
church now stands on the site, which ID
but a block distant from the South Omaha
line.
II. F.. Curtis win build a brick double
dwelling. 4OxS4 feet. on the site of the old
Beth-Eden Baptist church, on Leavenworth
street, just south Of Park avenue.
I Thomas Tomb OF Kansas City has lei
to John Prendergast the contract for q one
story and basement brick building ZxG
J feet. at 1870 Harvey street. II will be the
home OF the Omaha Plating company.
5 A syndicate consisting OF Henry r. wy.
a man. Mrs. Wyman and Myron r. Learned
, has bought a piece OF traoiNage ground a
5 Sixteenth and Nicholas streets from the
. Omaha National bank for 1900 It Is az
r L-shaped tract, having a frontage Of sixty
z six feet on Nicholas street. a frontage o.
Q thirty-two feet on alley, and an en-
9 IRENE length of ls2 feet
The following sales are reported BY M
Byron Reed company: From the Byron
r Reed company to Joseph Tritz. a row Of
= three cottages at 2511-1S-15 South Thirteenth
g street, for A.250; from James Cameron Il
d Jules Nieto, house and lot at Z710-i2 Parke
$ street, for investment 300; A. Wolfe Il
p Mrs. Wilde. house and lot at 26l6 ST. Mary
Is avenue; TO Miss wilde, house at 1909 soutl