Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-01-01
REAL ESTATE.

Although trading in real estate was not
as active during 1918 as ii had been in re-
cent years, many transactions OF impor-
tance were contaminated. Sales involving
100000 or more We're somewhat limited
but scores of moderate-priced properties
changed hands. The inactivity In real es-
tate was due largely to the unsettled con-
dition OF affairs throughout the country.
which resulted i'm slight decline in all
lines of trade. There was no falling Off
in prices for Washington real estate and
in many instances notable increases in
value were recorded.
The most important out-and- out sale of
business property involved the building at
the southeast corner of 14th and G streets
northwest, which was acquired by the
newly formed Federal National Bank
The consideration was $4,000. The big
sest transaction in residential property
was the sale to the Russian government
OF the residence of John Hays Hammond
on the Avenue of the Presidents, which
was erected several years ago by Mrs
Pullman. The price paid was S3J0ooo
There was fair amount of activity i'm
Dulidlng during 1913. number of struc-
lures started during the previous year
were completed and the erection of 9TH
ers begun and finished. Many large struc-
ton.
Large Building Operations.
One Of the largest building operations
during the year was the erection Of
the Commerce building. at 18th and n
streets northwest. which soon is tn
nave q large addition. A large build
ing designed for office purposes was
started at New York avenue and 18th
street. IL Is to be occupied by the
navy department when completed. An
attractlve Office building for the Real
Estate trust Company was started at
the northeast corner of 14th and II
streets and soon will be completed.
Inc erection of a large hotel at lItI
and streets northwest to be known
as the Harrington. was started The
structure soon will be finished.
among the large apartment houses
during the year were the
Falkestone. Fontanet and the Carlisle
apartments. A new home for the n p
Andrews Paper Company was erected
on 18TH street near the corner of n
street northwest
Additions were built to several Of
the large business establishments. in
those of Woodward e. Lothrop.
the Palais Royal and S. Kann, Sons q
Co
The mystery surrounding the owner
snip OF the property at the northeast
corner of 18th and + streets northwest
was cleared up when il was announced
that it had been acquired by a syndi-
cate in which members of the firm of
S. Kann, Sons a. Co. are Interested
The erection on a portion of the prom
erty Of building for store purposes
was started.
Improvements in Suburbs.
During 1913 many improvements were
completed in the suburbs surrounding
the city. There was considerable activity
in home building in Chevy Chase and
subdivisions, Massachusetts
Avenue Heights, Virginia Highlands,
SauFs Addition and Sixteenth Street
Heights Many moderate priced homes
we're erected to the east of the city along
Rhode Island avenue extended.
Work on the new city post Office was
rushed, and within a few months the
building Will be ready for occupancy A
new electrical laboratory for the bureau
Of standards was completed, and soon "a
new structure on Broad Branch road for
he Carnegie Research Foundation will
De finished.
A law limiting the number of for rent
and for sale signs to be displayed on a
piece Of property was passed by Con-
,ress. Steps looking to the establishment
IF a bureau of real estate valuation was
aiken by the Real Estate Brokers' Assoc
,iation, which elected for the ensuing
rear the following officers: John L.
Weaver, president: George Y. Worthine-
on, vice president: Herbert T. Shannon,
secretary. and Harry L. Rust, treasurer.