The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-09-24
REAL ESTATE AND
BUILDING NEWS
Business Slackens Slightly Pend
ing Closing Up OF Big Deals
Already Made.

The past week was more noted for
the final closing up of some pretty biz,
real estate deals which have been
previously mentioned in these col
umns. than for the making of new
ones; although generally speaking ~
was fairly good week In real es.
tate, and the transactions were not en-.
tirely on the small order. 1t is ru
mored that several sim Broad Street
deals are nearly ripe for the pluck
ing OF the fruit OF actualities," but
parties interested are a little shy on
particulars. In the main this is right.
Tor there's many a slip between the
cup and the lip, and as one prominen,
real estate dealer remarked. II only
one negotiation out of twenty that is
figured on would actually go through.
there would be satisfaction The fact
Is, every day owners are getting stif.
fer on prices. and sales are harder to
make In consequence. so the agents
say.
A New Firm Does Well.
Raab & Co. is the style of the latest
real estate firm TO embark in business
in Richmond; and Is composed of Mer
rill E. Raab and Morton G. Thalhimer
Both OF these names are very familiar
in the business and social world OF
Richmond. having been Identified
through a long line of ancestors with
the material growth of Richmond for
many years.
Merrill e. Raab Is the son of Eman
uel Raab. of this city, who is one OF
the largest and most prosperous real
estate owners here The young man
is a graduate Of the University OF
Pennsylvania, is we'll known and pop
ular In the social set of the city. and
has many staunch and influential
friends.
Morton G. Thalhimer is a native of
Philadelphia. and is relative OF the
well known Thalhimer family of this
, city. He is also a graduate of the
University of Pennsylvania, and has
been successfully identified with large
banking and brokerage business. both
In his native city and in the city OF
New York
Started OF Well.
These are young gentlemen of ster-
ling qualities of push and energy; and
/! the firm starts out with the good
wishes of their friends and connec-
tions: and have been extended the
glad hand Of welcome by many OF the
real estate fraternity who have come
in contact with them since they open-
ed business. The new firm succeeded
last week in landing as a starter the
splendid sale of the property recently
purchased by the knights OF the
Eagle" If that's their name. on
loushee Street, between Broad and
Grace Streets. In rear of the Grace
street Baptist Church, at about s25.000
1t Is understood that owing to objec-
ton on the part of some of the mem
bers of the church. the Eagles decided
to abandon the property for their pur-
pose; from which fact 1t was on the
market. and the young firm Is to be
congratulated not only upon making
the above sale, but also on account of
the permanent improvements which
VIII come to the neighborhood, owing
to the fact that the old hall which
has been used as a negro undertake
ing establishment, will he converted
into nice, attractive business place.
Negro Builders In Evidence.
BY the way, w. T. Johnson, an en-
terprising and prosperous colored man.
who formerly owned the property and
is yet occupying It, Will shortly move
his business to his new and extensive
building just erected on Leigh Street
near Third. where he will continue the
! undertaking business. His establish.
ment is probably the most complete
and up-to-date OF its kind to be con.
Quoted by colored people anywhere In
the country. 1t Is credit to the thrift
and enterprise of It's builder and own
err
In this CONNECTION 1t is worthy Of