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...Belgians and Swiss) impelled partly by a desire to escape dismal winters but still more by the smell of a bargain investment. Florida lots often cost about one-fifth the price of a comparable homesite on the Continent. Typical terms: as little as $1,295 for a 10,000-sq.-ft. plot with water and sewerage connections, and $25 down and eight years to pay at 5% interest. Moreover, if they choose to build, Europeans get more house for their money in the U.S. than they do at home...
...began with the biggest real-estate deal in history. On April 30, 1803, Napoleon Bonaparte sold Thomas Jefferson a parcel of land called Louisiana. It ran from the Mississippi to the Rockies, from Canada to the Gulf of Mexico, and it was quite a bargain: 827,987 sq. mi. for $15 million. But what the U.S. owned it did not occupy. Already British traders were pressing south from Canada and Spanish raiders were roaming north from Mexico. Jefferson realized that he would have to move fast if America was to retain its new territory. He moved fast...
...Manhattan Real Estate Broker William J. Hirschman knew, the two men might have been planning to hijack an airliner, breed whales or launch an armada. Otherwise, why would they want a building with at least 50,000 sq. ft. of floors, 40-ft.-high ceilings, and no interior columns? As it turned out, Ben Lieberman and Luke Sapan were neither subversives nor quacks, but high-powered businessmen with an abiding fondness for tennis and the determination to turn it from a strictly seasonal sport into a year-round affair...
...landlord of Manhattan: buy land in the path of population expansion and profit from its development or sale at soaring prices. Accordingly, most of today's corporate involvement lies in the West or South west. In Southern California, nine industrial companies are building or planning projects embracing 319 sq. mi. Since land is the world's only major commodity in fixed supply, while population constantly rises, investment in land is, in the long run, the nearest to a sure thing. Owners also benefit from low assessments and taxes on raw land, which make it cheap to hold...
...million in ten projects in six cities, Aluminum Co. of America is not only landlord to 9,000 Manhattan families, but also owns additional housing in Philadelphia, Pittsburgh, Indianapolis, Los Angeles and San Francisco. Kaiser Industries and Kai ser Aluminum are part owners of a $20 million, 135-sq.-mi. site for a new city near San Diego. Reynolds Metals has completed 1,588 units of renewal housing in Cincinnati, Philadelphia, Kansas City, Richmond and Washington, D.C., has $397 million worth under way or planned in six cities, including an apartment-motel-office complex with General Electric in Louisville...