Omaha daily bee., 1909-09-19
TIMELY REAL ESTATE GOSSIP
Convention Keeps Omahans from Buy
ing Property, Say Dealers.
TWO MORE SALES IN FAIRACREs
Real Estate Exchange 60 study and
Discuss Park and boulevard I'm
provements and Building Line
I'm Districts.

Whatever n convention does Tor Other
lines Of business, It is a hindrance rather
than help to realty dealers. The agents
OF the city have just experienced one OF
the llghtest seven day periods known to
them for sometime and to the list OF suf-
ferers there is no exception.
1T happens somewhat in this fashion,"
said Vice President c.. d. Armstrong Of the
Sholes company. Men expect to be busy
during a convention week, or expect other
people to be actively engaged, so hey
say to themselves that they will let the
deal go over until next week. or some
thing like that. It has happened this way
before and will again. Ak-Sar-Ben week
and The Corn exposition, while bonanzas
for retail proprletors, are bad periods Of
real estate men. The excitement in the
nir probably has something to do with it
also"
Willie sales were generally light, there
was one important announcement during
the week and this was the declaration Of
E. A. Cudahy that his new building will
reach the sixteen story height. Mr.. Cud-
ahy Is expected to determine upon his archi-
tect in a day or two, the buildings on the
corner have been sold and it will not be
long now before work Of construction for
this skyscraper will be under way.
Fairacres is doing well. George & Co.
last week sold three acre tracts there to
T.. s., Cowgirl, president Of the Transmits
sisppi Grain company, and to Mrs. Alice
McShane Ceilings. Both contemplate build
ling residences and the houses they will
put up win be handsome ones beyond any
doubt. In the past thirty days John L.
IanAaay Nathan Marrgapn and CaarUn ~
Peek have bought tracts in Fairacres and
ell will erect fine residences. Harry ".
Burnley has also bought in the neigh
borhood. The character and standing Of
these and previous purchasers gives the
addition some considerable prestige.
Tho Real Estate exchange will hear ad-
dresses wednesday by Drs. Palmer Find
ley ard ]. z. Summers on the new campus
of the College Of Medicine Of the Univer-
sity Of Nebraska. The exchan is plan
ming to study and discuss in thorough
fashion the question OF boulevard and park
improvements in Omaha at future meet
ings. 1t is the liveliest and most important
topic the exchange has managed to con-
meet with for some time and the study Of
the question and general light thrown
thereby will be Of decided benefit to the
city.
At the last Wednesday meeting, the first
after the summer interim, President Rob
bins advanced several topics for discus
sion. One of these is the building line
with respect to encroachment on side
walks. Robbins called attention that on
Farnam in the neighborhood Of Thirty
seventh street a flat building is going up
which borders Immediately upon the side
walk. and being the only building in the
neighborhood thus far advanced toward
the curb. It spoils the general symmetry
of the street. He urged that the ex-
change consider the question of regulation
OF this matter, though, he pointed out that
no uniform rule, applicable all over the
city. should be devised.
For a few minutes members of the ex-
chang devoted themselves to a discussion
OF skyscrapers. A recent copy of a real
estate magazine contained a few remarks
about skyscrapers and several members
felt themselves primed on the subject. Only
one man really thought that they ought
not to be allowed and he happens TO be
building a mammoth four-story building
just now, BY chance he was sitting next
another member OF the exchange who is
putting up a sixteen-story structure. The
discussion was not taken very seriously
by the exchange as a whole, and It is
safe to say that there will be no agitation
against tall buildings in Omaha.
Herman E. Love has bought four lotn
from Hastings & Heyden at the northeast
corner OF Nineteenth and Locust and will
hula HvuaIItna haVaaa kka-.o. ". -
A,1O0 for the land. Otto II. Meyer, who
recently bought lots from the same firm al
Twenty-first and Grace, will build four
houses there to cost 10000.