The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-11-23
$1,0O0,0OO MARK
SET BY COMPANY
IN THREE WEEKS
Meyer And Engel Report
Record Realty
Trading

One of the most pretentions sales
records ever established by n firm i'll
the local real estate market was an
rounced Saturday by Meyer and Engel
The agency reported that in three weeks
time their organization has turned %
trades in business property involving
1924 900, or an average of over SAL
900 per sale.
4 noteworthy feature of the report
IS that the majority of the deals were
made for close-in, strategic sites. One
of the transactions alone, for the south
west corner of Second avenue and Sew
enteenth street, topped mark of
81 800 a front foot with n figure above
$150000 changing hands. This pur-
chase. as were several others on the
list, was made by out-of-town capital
lists who have been drawn to Birming-
ham through its future possibilities and
the activity of the property mart.
All of the transactions were engin-
epred by a force consisting of d. S.
Meyer and w. p. Engel, members Of
the firm; Tillman S. Wood, sales man
ager, and l. Keller. Wood was especial
~ active and besides figuring in high
percentage of the deals has n number
more which have not yet been con-
slmmated.
Locations Vary
Nineteen of the sales were for pieces
of properly north of First avenue with
the remaining four on the southside.
Among the sales, which present an i'm
pressive total for other agencies to shoot
at. are:
Southwest corner of Second avenue
and Seventeenth street-100 by 140
feet--improved by one-story brick
building. Sold by Leo Steiner to a
New York man for investment pur-
poses. Name of purchaser withheld.)
Northeast corner of Second avenue
and Sixteenth street--improved by q
two-sto-y brick business block-50 by
100 feet. Sold by L. A. Leo Ober-
dorfer and I. NJ. Engel to out-of-town
interests Name of buyer withheld.)
Northwest corner of Second avenue
and Sixteenth street-100 by 80 feet
improved with one and three-story brick
building and now occupied by the
Municipal garage Sold by Hugo
Black and Albert Lee Smith to out-of-
town interests. name of purchaser
who also bought northeast corner of
same intersection, withheld)
R0obin Buys Site
Southwest corner of Third avenue
AND Sixteenth street--100 by 100 feet
improved by two-story brick building
Sold by j. e. Trimble, Montgomery,
to A. Roobin and associates.
Northeast corner of Second avenue
and Twepty-fifth street--1O0 by 100
feet--onc.story brick building Sold by
Mrs. B. Hall, New York, to loca! IN
terests.
Southwest corner of Twenty-fourth
street and Ninth avenue--100 by 200
feet Sold by Mrs. Leopold Loeb to
F. A. Gulledge.
Northeast corner Avenue D and
street-100 by 140 feet
Sold by DIR. J. D. s. Davis to II. r.
Oliver.
Northwest corner Avenue G and
Twenty-eighth st,ect-100-foot frontage
improved by one-story brick build
ing. Sold by F. W. Bailey to Robert
Aland.
EngeI Optimistic
In announcing the sales w. p. Engel
declared that the "ompany's business
has kept step with the unprecedented
real estate business here and that the
total amount of transactions for the
year now promised to pass the $780,
600 figure.
81 am exceptionally optimistic over
the future of The district and the realty
he snid ard I firmly be-
lieve that nan can buy a piece OF
property between the boundaries of
First and Sixth avenues, Fourteenth
and Twenty streets and realize a
handsome profit within the next few
yen-s."