The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-10-30
PROPERTY MARKET
DECIDEDLY ACTIVE
George Washington Prop
erty Is Transferred.
LIBRARY AT TAKOMA PARK
Local Realty shows Up WeII-In-
Vestments TOuch Million Mark.
Little business Activtty--Apart-
ment House SoId-New Fire House
for Randle Highlands.

Real estate business in Washington Is
steadily improving and the daily record
OF sales indicates that the brokers have
long since ceased marking time for the
summer and are taking advantage OF the
influx of winter residents to the end of
completing many advantageous sales and
rentals The northwest section, of
COZ rise. leads in this respect, with Con-
noedcut avenue extended and the sec
ton lying Whereabouts receiving consid-
cradle attention.
The local situation does not seem TO be
in any way affected by the present cam
palgn. Washington seems 10 continue
calmly on its way throughout the political
frenzy which puts all other sections OF
the country at a standstill. Particularly
Ia New York. where the Roosevelt issue
weakens 10 an alarming extent the realty
situation. business is in a decidedly
doubtful state. Politics, especially in
Presidential years. has much TO do with
selling and investing. but a State cleo
ton has seldom had so retarding an
influence on the New York market as this
year
In general way this apathy might
reflect itself on Washington. in that
Northern money for local investment
might be very slow and the general de-
preston prevent many NOrtherners from
taking ND their usual winter residence
here. The Out-Of-tOwn sales recorded
dGring the past month would. however.
seem 10 show that such is not the case,
and the local realty operators are a unit
IN declaring that this present fan and
coming winter win see greater activity
IN local property than ever before
Million Invested.
The total investments Cor the past week
vcre boosted 10 a comfortable figure by
The transfer Of the George Washington
University property This deal involved
considerably over $4,000, and was put
through by Samuel ". Woodward The
Fidelity Loan and Trust Company. Of
Philadelphia, furnished $350O0O of the cash
necessary 10 complete the transaction.
MY woodward arranging to repay the
same $4,000 within three months and the
haahce within three years. The total in
NeSLlhen's Tor the week were close 10
A'9u,Wo the exact figures being Sg0I, 445 90.
one hundred and eighty-six lots We're
pledged as security for the loans. with
$780, 80 '"NN ALtliE al ot2 per cent.
business property transactions were al
low ebb during fhe past week. The
property at 1912 New York avenue was
sold 10y Thomas \. Fornev IN Coonar
Wiley, who viii retain the premises as an
investment only nominal consideration
appeared in the papers filed, and the real
amount involved In the transaction was
not made public.
Contractors Busy.
Contractors and builders have been
more involved in business property dur
ing the past week than for some time
past. In Pennsylvania avenue, Just be-
yond the State. War. and Navy depart-
ments, there are several buildings under
solns reconstruction. The premises oc-
cupled by Demonet the caterer, have
been in the hands Of the contractor for
some time back and are being renodeIed
mo apartments. a bay window for the
three upper stories has been built. and
the entire interior modernized
Just across the street the old bUiId-
ing numbered 1901 is undergoing q com
plete transformation from a dingv-look-
ing structure into a model Of Wilderness.
A new lunch room viii occupy the prem
i'N7- ms Will make TOUR lunch rooms
within the immediate vicinity. with two
more planned. All are said TO be neces-
sary TO care for the noon mncheons of
the army of government clerks.
one Of the more important realty trans
actions during the week was the sale of
the Coronado apartment house. i'm Yer
non street, between Eighteenth and Nine
teenth streets northwest which was
bought by q local investor for a consid-
Grafton of $4,000 This building is a
recently completed structure of four
stories, containing six seven-room apart-
ments, with two Of four rooms each.
Thomas ]. Fisher & Co. We're respon-
sible FOR the sale The name of the pur-
chaser is not given
The purchaser Of the four-storv and
basement structure at 1917 Connecticut
avenue. reported sold some weeks ago.
was yesterday announced as Robert +.
Wilkins Mr.. wilkins is now arranging
for an expenditure of about $4,000 TO re-
model the building into stores and offices.
with bachelor apartments on the upper
floors
New Fire House.
Among the constructive operations con-
templated within the next few weeks,
one of the more important is that of the
new fire house at Randle Highlands. Con-
gress at its last session appropriated
$4,000 for the structure. The sum is