The Washington times., 1915-01-01
REALTY MEN INVEST
S4s,OOO,0OO|N 1914
Brokers in District Closed
1920 Transactions, in
Which Were 1880 Lots.

Approximately $4,000, 900 was invested
during 1914 in the purchase Of and loans
on real estate in the District Of Colum-
bia. During the twelve months just com
pleted the brokers succeeded In closing
Io90 transactions. in which were in
volved 1850 lots and parcels Of real
estate.
The investments for the year included
JJsanuary; Jss sNnSy $4,000; February, s4.sSo; ;oco;
Hasec; June, s5.s!s,odo: st'5i ',a july, a5,e'eSe:
october. 100000: November. s24s5, ,Ooo,
and December. $S.0o0ooo.
The last year established a new record
for the largest number of deals recorded
in q single day. On November 50 the
brokers' reported ITO sales. Tho largest
Transaction Of the year inySlved con-
made for ,$s47, 900, a third brought nearly
sSo900, three or four others exceeded
&Q0.0O0, and many transactions were III
excess OF the 100000 mark.
December Record Good.
Despite the slump in realty selling
which marked the last two weeks Of
the year. Interrupted by the Christ
mas holidays. December took by no
means the lowest place in the years
record OF activity. The summary Of
the months business shows that 525
sales were made. including 1880 par
chase OF and loans on real estate dur
ing the past month were $S.s0o.00o.
AS compared with the record for No.
Nember, the last month excels both In
tai Of investments. 1t rad only four
teen fewer sales to its credit. In No
yember the Investments reached only
32.4S5,o 900 and the trading consisted
" SO lots included in $40 transac-
The lowest ebb Of the years activity
was reached in the closing week OF
the old year. only f,fty-seven desls
being Ins, reported i,,;,1 fer the W. week: & OF OF
We're confined to three whole days and
two half-holidays. but even then they
we're not 20 successful as during
Christmas week, when seventy-threc
sales We're made. Included in the
last weeks sales were ninety three
lots -
More than half the weeks trading
was In the outlying suburbs where f1fty-
two parcels changed owners. The north
west ranked second with eighteen lots
conveyed. followed closely by the near
urban district with seventeen lots to
its credit There were three lots sold
In the southeast. two in the southwest,
and one in the northeast.
Shoreham Biggest Deal.
The Shoreham Hotel purchase stands
out most prominently in a review of
the realty trading of 1914. J. Maury
Dove purchased the property from
former Vice President Levi P. Morton
for 100000. The sale Of the Arlington
Hotel site. at auction. to a Virg MIA
corporation known as the Arlington
second best sale OF the year. Third
in importance was the transfer of the
new Real Estate Trust building at
fourteenth and II streets northwest. to
The sales Of three large apartment
houses were conspicuous deals Of 1914
Harry WaYdman built and sold the
Northumberland at, New Hampshire
avenue and street Tor $375.Oo0 to VIII
at 17ss p street northwest. for S.75. 900
to Emma J. Walter. and the Fontanet
Courts. at Fourteenth and Fairmen,
streets. to John H. Davis. for $247 800
pended $357,OOo in the purchase Of the
square Of ground lying between Sew.
streets northwest. The land is to be-
;mpTGved .S" oX by the srecton It,. Of memoria
Company. spent more than 100000 last
rear in the acquisition Of the propertie,
at 1881 to 1885 + street northwest. ad.
Joining its principal offices.
Purchases of business properties dur.
ing the year 1914 at more than 800. .oot
included 1921 and 1898 Pennsylvania
avenue northwest. 1lls F street north.
west. Ills F street northwest 923 and
- and 466 Louisiana avenue northwest
e23 to so Tenth street northwest. Ar.
cAde building, Fourteenth street and
Park road: 815 and Sl7 Fifteenth stree,
northwest. and 4o6 to 40 Seventh street
northwest
Invested In Apartment.
Mrs. Jessie o. Cugle invested s2Oo. .oOt
in the purchase of the apartment a,
1901 K street northwest. De!bert Deck.
er spent $15o.oOO for the apartment. 1914
Biltmore street. and Edna l.. Clapr
mont avenue. Henry s. Rich purchase
the Lenox apartment at 1893 l. stree
northwest for a consideration in cxccs'
Of 10000
valued between $50 900 and $loOUo is t.
be found in review Of the activities O.
1914.
The closing days Of the year had ;
depressing effect on the loan market
During the week Just closed only :2l4.
1862 was borrowed on the security O
lsl lots at an average interest Of
per cent.
We're Of the straight variety. Thl
character OF loan totaled $l5s.7S9. TIL
building associations advanced to mem
bers $4,000. The sum of all the note
given for deferred purchase none, wa
SGo,30t.i-.
Northwest property was pledged 10
a total Of sll0,650. Land in the count
was encumbered for SIS The rec
ord OF loans in the other city section
was. Northeast, $1O.l54: southeast, 80,
uO, and southwest $1,000
Ten Persons Killed in