The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-12-31
REAL ESTATE SALES
REACH $5O.OOO.OOO
Year About to Close Greatest
in History of the
Capital.

Investments in Washington real
estate by way Of purchases and loans
during 1910 reached $4,000. 600 and
exceeded by many millions any record
heretofore attained in realty opera
tons for a twelvemonth IN the Dis
trict
The past year Witnessed the closing
: q 5000 deals in real estate. an aver
Use Of more than $50 transactions a
week Some Of the deeds which passed
IL settlement Of these sales trans
ferred only one lot, while others con-
veyed number Of lots and even en-
tire squares OF ground
More business propertr. especially
1 in the heart OF the business section,
changed owners this year than has
bee ntbe case In any year in the past
Nearly one-haIf the property on the
south side Of r street. between Ninth
and Tenth streets, was involved IN tie
years sales and there have been ex-
tensive sales Of large and small hold
lngs I'm Pennsylvania avenue. Q. and
II streets. and the streets connecting
those thorough fares from Ninth to FIJI
teentn streets
Some VI the Sales.
Included in the f street saIes were
premises go and s24. whIcn brought
s5z,o00 the three-stOry store and
Office building al go to s36. which sold
I Tor $4,000; and the southeast corner
Of Tenth and r streets, which cost the
purchaser $4,000 Immediately ad-
! joining this last parcel ard so close
10 IL as to be considered on 10. there
we're sold sour stores, SO TO go
Tenth street These stores figured in
trade at about $3.50. coo.
Other notable sales OF the year in
business property included the north
east corner Of Fourteenth street and
Penusy lVani8 avenue. for which Chris
I tan Heurich paid $4,000 cash, the
northeast corner OF Eleventh street and
Peunsylvanis. av niue, bought BY David
J. kaufman fCr about $500. north
vest corner Of Thirteenth and 9 streets
sold for $500; northeast corner OF
Eleventh and Q streets, about S3O9.0
1871 and 13s3 q street, at 900 north
east corner OF Eighth and @ streets, at
Sl0G.ooo. and the Builders Exchange
building, on Thirteenth street above @,
for Sl5e,o00.
G. ". U. Transactions.
Tse largest transaction OF the year in
volved the purchase by Samuel W
Woodward, Of The George washington
University's buildings AT Fifteenth and
II streets. for which he paid S55o.0O0.
The second largest sale was the Ores
den apartments, al Connecticut and
L.
Matthew'S Church property. on the
northeast corner Of Fifteenth and n
streets, brought about Sf65, 90.
Three Of the largest trt-sts ever re-
corded on individual holdings OF local
real estate were fled this year. The
Riggs estate issued bonds % the
amount OF sI.O00.OO0 on its property at
Fifteenth and g streets, which s to be
improved with a new theater ard office
building The Columbia Hotel Company
encountered the Raieigh Hotel property,
at Twelfth street and PenusyiVa MA ave
nue.. with a trust OF $4,000 Il. secure
q issue OF bonds TO finance the cree
ton Of the new addition 10 tie hotel
A@sirst trust OF Ss50oG0 was placed on
the old St Matthews Church property.
which Is being improved by massive
office building A second trust for 500
90 was placed on this property
December furnished $4,000 Of the
stupendous amount invested during the
year IT. loans on and purchase Of real
estate The number OF lots sold during
the month was I,6S5. The months bust
ness equaIled that OF October. but fell
short OF the records OF November and
September.
Brokers Takirg Rest.