Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-11-11
TIMELY REAL ESTATE TALK
Interest Of Outsiders in Omaha Property
Continues Good
GROWTH OF CITY OF HOMES IS STEADY
Many People Coming Here 60 Live buy
Property Outright and Keep
the Expansion I'm This
Direction Large,

Another sign Of the increasing tendency
OF eastern capital to invest I'm Omaha real
estate was evidenced last week when
George d. Long OF Harrisburg Pa, bought
the Aetna hotel, which stands at the
northwest corner Of Thirteenth and Dodge
streets. Mr.. Long has much money in
vested in land in Nebraska and other
western states.
The Nebraska farmers have been pay
ing of their mortgages and recently have
paid a considerable sum OF money into
his hands. In casting about for invest
ment he began to inquire about realty
values In Omaha, the growth and sub
stantlal prosperity OF which he had been
watching for year or two The result
IL that he has made his first investment
in Omaha, paying $500 for the Aetna
hotel. It will continue to be used for
hotel purposes. It was formerly owned
by the Northwestern Mutual Life Insur-
ance company, and the sale was made
through Alfred Kennedy
Not a week goes by but the realty men
report sales to men in other towns who
Will come to Omaha 70 make their homes.
Such sales have been common at all times
for the last two years, but their num-
Der is more noticeable this fall than ever.
There Is no better evidence of the steady
growth OF the city Alfred Kennedy re-
ports three sales last week to men out
in the state who expect to live In Omaha.
One was to B. Somberg of Graf, Neb..
who bought Judge Kennedy's two houses
at the southwest corner Of Twenty-second
and Howard streets. Truels Martensen OF
st. Edward, Neb bought a lot in loves
addition and says he will build a house
on It. Another Nebraska man bought
through Mr. Kennedy from the North
western Mutual Life Insurance company
home at 216 North Twenty-second street.
Dundee. which is a part of suburban
Omaha, continues to grow at a rapid rate
Many new houses have been erected there
this season and number are now in
course of construction. Many improvements
have also been made in the way of side
walks, grading and paving. In the spring
George & Co. will place an extensive ad-
dition--all leveled and platted--on the mar
ket 1t lies west of Fifteenth street and
north Of Dodge. This firm has been at
work for several months grading this ad-
dition. and there is so much work to be
done yet before winter sets in that a sub
contract for 10000 yards of dirt is being
advertised. The addition looks rather
rough now but those in the neghborhood
say It will be beauty when the work is
completed George & Co. are saying as
little about It as possible, as they do not
expect to sell any of it until the entire
work is done.
To guide the destinies OF the Real Es-
tate Exchange through another year the
following officers were selected at the
meeting last week: President, s. p Bost-
wick; vice president, w. L. Selby; sec
rotary. Harry A. Turkey; treasurer, George
Morton; executive committee, f. A. Ben
son, Byron Hastings and George G. wal
lace.
There is no doubt in the minds of the
real estate dealers that the Union Pacific
IS the bona fide purchaser of the greater
part of the block at the northeast corner