The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1908-03-01
EATY DEALS MIKE Week LIVELY AND AuGuR ACTIVE SPRING
BIG DEALS MANY.
OUTLOOK BRIGHT

The busiest week of the present year
IN real estate circles has just closed.
Transactions have been both numerous
and important. An apartment house.
business blocks, bu.- ling lots, houses,
and one hrge tract Of land have found
new owners, and the activity has wit
messed the investment OF considerable
foreign capital in Washington real
estate. The large bulk Of the buying
has been for investment purposes, a
condition highly satisfactory 10 dealers.
The largest deal of the week was
that In which DIP. Ernest Pease, OF New
York purchased from Bate and John
l. Warren, the Iroquois apartment
house for $500 II. II. Pillsbury and
c. T. Richardson, the latter OF the Office
OF Stone a. Fairfax, represented the
sellers. ElsVen acres OF land on Con-
necticut avenue extended. near Chew
Chase, valued at $4,000, q trust OF Sto,-
O00, and cash and securities for the bal
auce made up the consideration.
The IrOquOis is 2 large apartment
house. containing forty-tWo apartments.
II has a iron age on III street Of sixty
feet and IS seven stories high.
Georgetown Tract Sold.
Wide interest attaches also to the
purchase OF the FOXhall tract of sixty
acres IN Georgetown by Representative
Everis A. Hayes of California. This
property was bought by T. IL Picklord
a few weeks ago at valuation of $50
600 as part payment for the sale Of the
Naples apartment house. Mr.. Pickford
now turns IL over at an advance or
Sl5000
The purchaser is rated as one OF the
WealthiesU men in Congress, and II is
understood that with him IS associated
another wealthy resident OF California.
a large amount OF money IS To be eN-
pended at once in subdividing the tract
and IA erecting houses. for WhiCh plans
are now being draw n. Lieberman x
Hawn. and EIersOu & Wemple represent
/ ed Mr.. Pickford ia the negotiations
! The former firm viii have charge or
the new subdivision
IIehermann q Hawn have also an
bounced the sale for DR.. +. NJ. McCo-
mas of the fOur-story business block AT
| the northwest corner OF Fourteenth and
/ I streets A local hnancier, whose name
| IS withheld. paid $4,000 for the property
Another deal Ga that neignborhood was
| the sale Of the building 90 Fourteenth
street by r !. Hulse 10 Mrs. ". p. Al
/ len for $3.50. This property was pur-
| chased a few months ago by Mr. Hulse
/ from Ben Bradford, who is now lmproV-
/ ing the adjoining property
Senator WetmOTe Buys Lot.
! one of the important investments OF
| the week in local realty was the pur-
| chase by Senator George p. Wetmore,
/ or Rhode Island, OF lots Z, and SO.
| block g. KalOrama Heights. for q resi-
/ deuCe for himself There are about TO-
/ J01 square feet of ground iu the prop
/ erty. ana the Senator proposes 10 erect
] a house 70 cost $4,000. This viii adj
| another handsome residence TO the
/ large number already erected at Sherl-
/ dan circle. The purchase was made from
| Nathaniel wilson.
/ Interest in sixteenth street eXtende
/ property was aroused on Wednesday
| when the GaIlinEcr bin extending the
/ bounds of Rock creek Park TO Sixteenth
| street RlaEden NIil road and the north
/ line Of the Shepherd subdivision passed
| the Senate without objection. The bin
| appropriates $4,000 10 purchase the
! land.
A good volume of small transactions
I has also been reported. These include
/ tine transfers Of many houses both for
/ residence and investment purposes and
/ lots upon which residences viii be built
/ this spring Brokers are very much
! enCoura Eed over the weeks business,
/ and are freely predicting very active
/ spring.
/ Stone & Fairfax report the sale Of two
/ small apartments for Sl0,5lo. one az 3
/ s street northeast. for b. Irving, and
/ the other at 60 Whitney avenue north
west The purchasers are local in
! vesJors.