Omaha daily bee., 1919-07-13
Real Estate Sales
Showing Large Gain


$4,000 of them have come here and
taken up their abode since January
Il, this year.
The real estate men and rental
agents who have kept in close touch
with the situation, assert that the
demand for houses was never so
great as now. Good properties when
offered for sale are quickly picked
and as quickly occupied by the pur-
chasers. Prices have advanced to
some extent, or rather they are hold
ing firm. In the way of residences,
though, more than 900 have been
erected during the last six months,
not one is for rent. 1t is said to be
doubtful if there is modern, up-to-
date, we'll located residence in the
city today that can be leased for a
long period.
New Additions Plated.
New additions to the city are be-
ing plated and vacant lots in the
older ones are being sold and built
upon, with the result that notwith-
standing the high price Of material
and labor, there is much more activ-
ity than usual in the building line.
Not only are homes being erected
in every part Of the city, but there
is great activity in the business and
factory building line. Right now,
according to what builders consider
a conservative estimate there is
something like 100000 of new
work under way, under contract, or
about to be started.
Many Large Plants.
Among some of the larger of the
propositions are the following:
Skinner Packing plant and cold
storage house, $l,7s0,000; medical
budding, Seventeenth and Dodge
streets, Is stories high, $1,00O000;
Cole apartment house, ,Thirty-third
and Farnam streets, 100000; Hill
hotel, Sixteenth and Howard streets,
II stories, $75O,O0O; addition to Bur-
gess-Nash store building, E stories,
$500,000; American State bank, 20
stories, Nineteenth and Farnan1
streets, 100000; apartment house,
Thirty eighth street and Dewey ave-
nue., $2s0000; apartment house, For
ty-ninth and Dodge streets, $250,O0O;
Nebraska Oldsmobile office and stor-
age house, Eighteenth and Howard
streets, 100000, besides close to 500
residences, costing on an average OF
$1,000 each, or total Of 81, 100000.
Big Demand for Warehouses.
There is a crying demand for
warehouses and it is said that the
lack of them is keeping numerous
business concerns from locating in
the city. To overcome this short
age, a company is being organized
with a capital stock of ,$2,OOO,0OO. II
the plan goes through, this company
will begin the erection of at least
four properties along railroad track
age and lease its holdings to small
manufacturers and others.
While no particular locality has
the cali on any other, there is con-
siderable activity in the Kouutze
reserve property around Howard
Seventeenth and Twentith streets
and St. Mary avenue. This prop
erty was placed on the market re.
Gently and a number of sales have
bee rmade.
Another locality that is attracting
considerable attention is Dodge
street from Eighteenth to Twenty
sixth. The Dodge street hill has il
the past had a tendency to hold
down values on this property, but
now, with assurances that the grade
| is to be cut and the probabilities
that Dodge street will be one o.
the leading thoroughfares in ane
out Of the business portion of thu
| city, there has been a sharp ad
vance in the prices Of lots.
Relative to the medical building
at Seventeenth and Dodge streets
| it is announced that Mayhem Broth
ers will take over the entire base
ment and first floor. occupying it a.
an addition to their store. Eleven Of
the floors will be occupied by doc
tors and dentists, an optical com
pany will have one entire floor anc
dental supply house will take
5000 square feet of floor space or