The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-01-16
REAL ESTATE AND
Bull DING NEWS.
Westward the Star Of
EmpireT Took Its Flight
During Last w eek.
BIG WEEKS DOINGS
TOLD IN NUTSHELL
Demand for Business Property.
Conservative Men Discourage
Speculation-Deals OF Past
Week Purely Invest
mcnt - Boomers Not
in Evidence.

.eneral activity characterized the
real estate market for the past week.
The total Of sales was away up yon-
900, maybe more than a quarter OF a
million.
A feature OF the weeks work, and a
decidedly pleas.ng feature, was that
spectators were not very much in
evidences. but that most of the salcs
were made TO men and women who
bought for permanent Investment, the
majority Of the purchasers being peo-
pie who purpose building upon and
improving the property they acquired.
While activity was general and sales
were made IN all parts OF the city
and In the suburbs. the fact remains
.lliat .hc bulk of the buying and SELL
int; was In the western part of the
city and in the suburbs to the west
and the north.
Every real estate agent in the city
had good business. either actuai or
prospective. At the same time that
popularity OF the real estate busi-
ness which makes week sometimes
busy for one man makes IL dull for
another WAS noticeable.
Some of the Big Deals.
Pollard & Bagby. Denoon & Co, j..
Thompson Brown & Co. y. w. gowe
& Son. Williams & Vaughn, Sutton A.
Co.. Blanton & Purcell PiEzini & Co.,
Richeson & crutchaeld. Amos &C. Poin-
dexter. and perhaps two or three 9TH
ers may be said to have been the lead
ers during the past week. SO far us
consummated business was concerned,
but II there is an agent in the town
who failed TO make one or more
.touchdowns" during the week the re-
portorial genius failed to find him.
Perhaps the largest single sale OF
the week was made by Pollard & Bag
by. They sold the splendid business
property at the southeast corner of
Laurel s Broad Streets to W. T. Shep-
herd for 57l,5oo. 1t is understood
that the property Is to be Improved by
the purchaser.
The same firm sold 400 feet OF va
cant property on Stuart Avenue and
the residence 401 East Cary Street 10
Mrs. NJ. b. Johnson.
Through the same agency NJ. s.
IIewett became the purchaser OF fifty
feet on Monument Avenue, for which
he paid $1l0 per front foot. At the
same price. Moses Rose became the
owner OF nifty feet on the avenue. and
he announces his purpose to build
thereon q handsome residence Through,
the same agency. r. NJ Lynn bought
los feet on the south side of Monu-
ment Avenue, near Tilden Street, for
which he paid $4,000.
bigger Garage, Perhaps.
Pollard & Bagby sold for John p.
~ rrsi. eyr ia, tvs
side OF West Broad Street. between
Harrison and Ryland Streets, and got
for it $4,000. The Gordon Motor
Company were the purchasers. and In
asmuch as they bought for $4,000
from DR.. Stuart Mcguire fifty feet
Of adjoining property. the supposition
s is that the company will erect there
an immense garage. although the Cor
don people were reticent when ap-
preached yesterday on the subject.
Pollard s. Bagby sold other property
in the western part OF the city. their
total sales for the week aggregating
considerably more than 100000.
No Need for Excitement.
The inquiry and the demand for
building sites in the western part OF
the city and on the western suburbs
are almost phenomenal. It should not
be Inferred however, that the in
quirers and the people who are fur
nishing the demand are in any humor
TO pay fantastlcal prices. They sim
ply realize that the star OF empire
is moving westward In quiet way,
and they have their eyes on home
sites under the luminary, but the hold
crs of this property can easily turn
the course OF the star by putting q
q II,
which 1t is molnentarily shedding its
rays. Tho brilliant could shine Just
as we'll In another direction, and will
do It. too. II the cost OF shining In
the west Is too heavy. 4,
It must be said that holders OF far
West End property are In no way dis
posed to be eXorbitant,6 but are really
doing all they can in Legitimate way
to encourage home builders to get into
that section.
Tho West End Land Company made
some very large sales during the past
week, as did also the agents who
handle Lee Annex and Lee District
property.
More Business Property Wanted.
The agents generally still complain
of THO fact that there is so little bust
ness property on the market to meet
the industrial demands. There la
probably not an agency in tho city
that has not inquiry for eligible bust
ness property, but they all say that
either the holders will not turn the
same loose, or that they put the II g.
ures 50 high as to make 1t spractlcally
prohibitory.
I'd Nevertheless there Is good deal OF
talk a bout much business building to
t11o
There arc rumors In tho air about
more skyscrapers, and they do say
that some OF them are going to be
up on Broad Street. A we1l-info Formed
real estate agent yesterday said to
The Times Dispatoh representative:
Don't you get the idea into your
head that all iof the high and iMpos-
ing buildings OF a business character
In Richmond are going to be clustered
on Main Street, Broad Street Is sos
Ing to branch out. or up, as the case
n