The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-02-06
Sale of Two S85,OOO Pieces
of Property Feature
of Week.
OUT-OF-TOWN MONEY
IS BEING INVESTED
Building Contracts Are Being
Rushed to Completion Be
fore Inauguration.

Purchases of two $500 pieces OF
property have constituted the features
OF the real estate market this week
Ia both instances, the property is TO
be improved with buildings which are
10 be erected during the course Of the
next few months
One OF the purchases was made by
Ben Schwartz, who will erect a large
eight-stofy office building on + street,
between Ninth and Tenth streets In
this undertaking considerable Eastern
capital is 10 be represented.
Chicago capital is interested in the
other deal Here The purchaser was
Mrs George NJ. Pullman, wife of the
palace car magnate, who secured a lot
or Sixteenth street, between L and NJ
streets. Mrs. Pullmans plans are 10
erect a handsome dwelling. which Will
be on a par with the other buildings in
that neighborhood and which she viii
put on the market for sale as soon as
Il is COMPLETED.
WaTdman'S Purchase.
OF the heaviest investments of local
capital made during the week, Harry
Wardman secured a Let on II street,
between Nineteenth and Twentieth
streets northwest, the consideration in
the transaction being 5000. Mr.. Ward
man expects to erect a large apartment
house on the premises. Plans for this
project have not been completed, but il
is practically assured that the apart
ment house VIII be built within the
course Of the year.
While the number Of sales Of both
improved and unimproved property
made during the week by the different
- H 4.a
IS those recorded in the preceding
weeks Of the year, for the most part
only valuable property has been dts
posed OF, and the total consideration
involved in the various transactions
mas been more than up 10 the average.
In fact, taking everything into Consid-
Grafton che week has been as good as
any since Christmas.
Rush for Inaugural
An effort is being made by builders
and investors in the various sections
OF the city TO complete all operations
now underway by inauguration. In
numerous instances, work is being done
at night. and it is practically assured
that more new houses will be put ON
the market just when the inaugural
crowds begin to arrive than at any one
time before in the history OF washing
ton.
There were several sales during the
week of new mOderate-priced houses
that have been recently completed. and
contracts were let for new houses of
the same type. In most Of the cases,
work Will not be begun upon the new
buildings until after inauguration, but
all available time win be- used in COM
plotting the houses that are now in pro-
cess Of erection.
"CE'y Beautiful"
The "city beautiful" viii be an APPEL
lation that may well be applied 20
Washington by March 4. with the
concentrated effort that is now being
made 10 clean uD the city generally,
the sight which VIII meet the inaugural
visitor viii be an unusual one and ID
is the opinion Of real estate men that
this factor viii result IN stimulating
the future growth of the local realty
marked 20 an unprecedented degree.
There is little doubt say many who
keep posted on local conditions that
now is good time to invest in Wash.
luEtOu real estate, for the impetus
which IS expected 10 be given il by The
inauguration should stimulate they
claim, the value Of every square foot
or ground i'm the city before the mar.
Est Is a year older.