The Washington herald., 1914-03-15
CAPITAL real /
ESTATE SCARS
Spring Boom His Washing
ton with Other Cities
of Country.
WEEK Is RECORD-MAKER
WEEK Is RECORD-MAKER
Legislation Threatening Prosperity o
the District Causes Halt-Senates
Action Awakens Confidence

The real estate Industry in the Ma
uonal Capital as well as throughout the
country has launched into its annual
spring boom. 1880
The first week OF March was marked
by an activity which exceiled that dis
played during the same period in prev
ious years. In Washington, realty sell
ing during the past seven days amounted
to nearly half of all transactions dur
ing the entire month of February.
This sudden awakening is welcomed
particularly because of the unusual luI
o that lowered over the real estate busi-
ness in Washington during the first two
months Of the year, and which offered
gloomy prospects. New confidence and
optimism has seized the dealers and
record volume of business is predicted
for the coming weeks and months.
senate's Action Welcomed.
II is admitted by men ranking high in
the real estate fraternity that the lega-
ton pending in Congress and perilous
to the District. eXerted depressing ten
( iency upon business in general and upon
real estate in particular. The news of
the action of the Senate in dealing a
! death blow to the Johnson-Prouty
: amendment to the George bill was re-
ceiyed with much qualification
The brokers during the last six days
completed 100 transactions, IN WHICH u
lots and parcels Of real estate were IN
volved.
Foremost i'm the weeks transactions was
the transfer of the deed of the Arlington
Hotel at Vermont avenue and III street
northwest The property was purchased
by the Arlington Corporation. OF virginia
at a foreclosure sale for Ss4I,WO.
. The sale of the LenoX apartments, at
) 152S L street northwest, by Richard G.
Park. of Philadelphia. 10 Henry S. Rich.
, of Marietta Pa, was another important
. transaction of the week.
George Oakley Totten. architect, is
busily engaged in drawing plans for the
construction of a new home ror the Con-
gressional Club. offered to that society
. by. Mrs. John B. Henderson.
scribes Open House.
--Tfre-forrna opening OF the new quarters
@Nof The National Press Club on the top
. floor of the Riggs Building, on March, 20.
is expected to be one of the big events
of the season. Plans for the arrange
ment of the club were prepared by Ap-
pleton P. Clark jr.. architect. who is
an associate member Of the organiza-
tion.
Gardiner and Dent, Inc, real estate
brokers. report sales of residential prop
critics involving $3.50.
An important transaction in downtown
property was the recording of a deed
transferring the ownership of the build
ing at lib street from Eugene Carusi.
executor and trustee under the will OF
the late Lemuel F. Clark. to Conrad
Backer. The consideration was s10O.Oc0.
The sale by Annie Z. Mcqueen to Ed
ward kosack of what is known as the
Tower Building. at 519 Tenth street
northwest, has caused considerable in
terest because of the fact that the prop
crty. having a frontage of practically ten
feet is said to be the narrowest busi-
ness structure in Washington. The con-
siGeration is said to have been about
SI5GOC
To Have Texas Home.
The property at 123 Pennsylvania ave-
nue. has been transfer ! from Henry W.
Sohon TO Elias Heidenheimer. the con-
sideTa ton being stated at $4,000
Dom & Deming, Washington architects.
are preparing plans for residence 20 nc
erected for Mrs. :. A. Willis, of this
city. near Galveston. Tex.
The +. p May Company, hardware
merchants, Al ga Pennsylvania avenue.
will begin work on a new store at 49,
475 street northwest. tomorrow. The
estimated cost is $4,000. and it is cN-
pected to be one of the most modern
hardware stores in the city. James l..
Parsons will do The building while u.
Stanley Simmons, architect, has prepared
the plans.
A set Of plans for an addition 10 the
Si.oreham Hotel has been completed by
waddy s.. Wood. architect.
Valuable acreage property near the
american University fronting 7o0 feot an
the Ridge road. has been transferred to
Victor !. Evans The purchaser was rep
resented in he transaction by John 4.
Mitchell while l.. W. Groones acted for
:hs sellers.
Statement of building.
According to the American Contractor.
New York returns Of building operations
for February in sixty cities reached
total of 81, Ia, ,253, as compared TO a total
~ IsSISO in The Sine cities in 1915.
The detailed statement follows: