Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-07-15
TIMELY REAL ESTATE TALK
Eastern Money Again Seeks Omaha for
Investment Purposes
SALE OF PluNKtTT PROPERTY A SIGN
Boston Investors Take over Lots on
Capitol Avenue North of POst-
once at Price Net Made
Public.


transactions In the city In the present year
have Involved more money than the trans
fer Of the Plunkett property. across the
street north from the postofhce, to the
western Real Estate Trustees Of Boston.
The consideration has not been made pub
lie, but the fraternity understands It to
have been greater than $4,000. When
Walter Alston bought It from F. A. Kemp
some years ago, he paid 10000. What he
got from Sir Horace Plunkett. and what
Plunkett got from Abram sebring, who
sold 1t to the present owners. lie not gen.
orally known. The McCague Investment
company. agent for the property. does not
promise any large buildings in the near
future. John l. McCague says the prop
erty simply will be repaired this summer,
and that when the growth of the North
Sixteenth district warrants Il, larger build
ings will be erected
The significance OF the deal lies in the
fact that Il is the first considerable invest
ment of eastern money in Omaha slaGe the
days of depression and financial panic
which swept over the country in 1890. The
new owners have numerous properties in
the city. and are well informed on the real
estate situation. The faith evidenced in
their recent purchase is encouraging to
local investors and real estate men.
With the sale of the Plunkett property,
tho time when A. J. Hanscom owned that
piece Of ground is recalled TO the minds of
the real estate men Of the city. Mr..
Hanscom had plans drawn and began the
erection OF the one-story brick buildings
which stand on the lots today. AS Omaha
was growing rapidly at the time, he was
chaffed numerically by the realty men for
not building FIVE or six stories. 1t was a
favorite pastime OF theirs to put an eieva-
tor sales agent on the track OF Mr.. Hans
com, and then listen to him rave when the
agent said he understood Mr. Hanscom
wanted two or three elevators In his new
buildings.
The sale Of lots on easy payments seems
10 be becoming popular in Omaha. Week
before last an Indianapolis concern sold a
bunch OF lots near Fort Omaha on the
81 down, 80 cents a week" plan. and they
all went in twenty minutes Last Thursday
Hastings & Heyden and Garvin Bros. ad-
vertised that they would place on sale
Friday all their lots and acre and half-acre
tracts in Military addition, which lies i'm
medately north of Krug park The sale
was TO last three days, Friday. Saturday
and Sunday. BY noon Saturday twenty
lots had gone, and 1t was expected that
the entire eighty lots would be sold by
Sunday evening. They were disposed of at
small payment down and a small weekly
payment. Hastings & Heyden promise TO
have sale OF some kind. every Saturday
through the summer one week in one
addition and the next week in another.
The Real Estate exchange has adjourned
until September when cooler weather will
give more pleasure to the hours session
than could be experienced in the sultry
July and August days. One meeting for
the transaction of any important business
which may come up win be held the first
Wednesday In August, which is August /
The luncheons of the exchange have been
we'll attended all Writer and spring and
the members have derived much practical
benefit from contact with their fellows and
discussion OF the real estate problems to
be met in this city. President Green ex-
poets to outline plan OF procedure for the
fall months which win make the meetings
more than ever interesting.
Popularity has favored President Green's
course OF addresses by public men. which
he arranged for the beneft Of the Rea
Estate exchange. At each meeting where
speaker from outside the membership
OF the exchange was announced, the realty
men were present In numbers large enough
10 NIL the dining room at the Commercial
club, which is reserved on Wednesday,
for the exchange. Among those who hav,
contributed TO the entertainment and en-
hghtenment of the members OF the exchang,
In the last two or three months are: JohI
L. Webster, Gilbert NJ. Hitchcock, Charles
J. Greene q. w. wattles and Edward
Rosewater. Three Of them talked on mdt
tiers pertaining to the commercial welfar,
of Omaha, Mr.. Hitchcock touched on poll
tics, though the subject Is tabooed by tn
exchange, and Mr. Rosewater, as he hat
only recently returned from the Interna
tional Postal congress at Rome, describe,
the imperial city and its citizens.
Great sorrow is expressed among tn
realty men at the death OF Nelson Buc
by lightning at Toledo, o., Friday, 70
Mr.. Buck was a friend OF all who kneV
him and was a favorite in real estate cir
cles. Mr.. Buck, who is a son-in-law O
r. c. Peters came to Omaha three year
ago and began to work for r. c. Peter
& Co. being placed in charge of the rea
estate department year later He ma
been married but about three years an
he had two small daughters, who, to
gether with his wife. were with him s
Toledo, where his parents live. Recent
he built a new home In Dundee.
IT is said that L. DeChristian who kaar