Evening star., 1920-02-07
C|1YREALNSALES
Make new RECORD
Total Of $4,000, 900 During
Last Seven Days in
Washington.

With sales of business, apartme ent
and residence properties in the Dis
trict. reported in the last seven days.
aggregating approximately s4.O00,00o,
Washington real estate men declared
today that probably never in the
city's history has such volume Of
important transactions been recorded.
Certainly not in many years have SO
many sales running into the hundreds
of thousands of dollars been consum-
mated.
As a result of the weeks activity
local real estate men are more san
guine than ever of season OF un-
paralleled development and volume OF
actual business. AS usual thing the
tone of realty business is dull at this
season of the year. while weather con-
ditions during much of the week
have been unfavorable to any line of
business. especially in the real estate
line. Conditions certainly have had
ness this week, however.
Most Important Transaction.
Easily taking rank as the most inn
portant single transaction recorded in
recent years was the sale of Ward
man Courts. in which business prop
critics surrounding the southeast cor
ner of 14th and G streets northwest
figured as part of total considera-
tion of approximately S2.000.000. Busi-
ness men in this section of the city
are keenly interested in this transact
ton. foreseeing erection on the
ground now occupied by the south
half of the Lawrence building, on 14th
street, and the old red-brick residence
and vacant lot adjoining it on G
street. of modern business and office
structures.
Another interesting sale reported
for the week was that OF the north
west corner of 10th and r streets.
known as Rich's corner. For several
years 1t had been reported from time
TO time that Woodward & Lothrop
had bought or intended to buy this
corner, which would round out solid
~ the block now occupied by the com
pany's department store; but the
property has been acquired by Max
and Louis Rich, proprietors of the
shoe store that for many years has
occupied the oId-fashioned four story
brick building. They bought it from
the estate of the late Augustus Gardi-
ner. not generally known to have
owned the property.
Deal In Georgetown.
Georgetown during the week. prop
critics adjoining O'Donnelrs drug
store at Wisconsin avenue and NJ
street having been acquired by the
Farmers and Mechanics Bank of
Georgetown. which plans to build on
slAS oitC at OuCc. Hc properties
chased front on both thoroughfares
and the realty is considered the most
valuable for business purposes in the
Georgetown section. Erection of a
new home for the bank involves the
removal of the Institution from the
corner it has occupied for many years,
a block east. at the southeast corner
Of .31st and NJ streets.
Important among the recorded
changes of ownership of apartment
house properties was the sale of
three of the apartment buildings on
the south side of r street between
18th and 18th streets. erected about
seven years ago by Harry wardman
and known as the ''Wardman row."
for the reason that the initial letters
of the names of the seven apartment
houses spell the name "Wardman."
Valuable residence properties in
upper 18th street and other residence
streets of the northwest, as well as a
notable number of small homes. were
among the sales reported for the
week. the entire list being of such
volume and Importance. and the ag-
gregate amount being SO large. as to
establish new. record FOR the city as
regards number of transactions ano
volume OF business for a single seven.
day period.