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University Daily Kansan
Wednesday, April 1. 1964
U.S. Real Estate Men Enterprise in Europe
WASHINGTON —(UPI)— Voulez-vous acheter un supermarket a Chicago?
This is the kind of question six U.S. real estate men are going to be asking in Brussels one day this spring.
Or if you don't want to buy a supermarket, how about an office building, hotel, high-rise apartment, industrial plant, industrial site or shopping center?
THEYLL BE PEDDLING this kind of property in half a dozen European countries.
For the realtors it's a chance to make a buck. For the government it's a chance to cut the U.S. balance of payments deficit by bringing more dollars into this country from abroad.
Both want to take advantage of the new tendency for real estate money to go international. A British firm has taken a 50 percent interest in New York's new 59-story Pan-American building.
An Italian group is building a $60-million apartment complex near the Lincoln Memorial in Washington. Another British outfit is behind Boston's first big speculative office building.
THE COMMERCE DEPARTMENT has been helping American manufacturers get abroad to sell their products. So why not American real estate men, Commerce asked. The Society of Industrial Realtors liked the idea and picked six of its most prominent members to go.
The mission will talk to leading investors, bankers, mortgage lenders and industrialists in Sweden, the Netherlands, Belgium, West Germany, Switzerland and Italy.
Their sales pitch will run something like this;
- Land costs much less in the United States.
- The United States is growing.
- The United States is growing.
- Foreigners often don't have to pay any capital gains tax when they sell property in the United States.
- The United States is a stable country. Investors here don't have to worry about a revolution.
- You only need about 40 per cent cash to throw up a building in this country.
THE CALL HAS gone out to realtors and others up to offer property. The society has sent notices to the firms on Fortune Magazine's
500 list. So far, more than $200 million worth of property has been offered.
To be eligible for the mission, a property will have to list at $200,000 or more.
And it can't be some old dud that no one's been able to unload at home. Only new listings or ones recently on the market will qualify.
Questionnaires must accompany Peace Corps tests in order that the tests may be evaluated by Washington officials.
Peace Corps Questionnaires Necessary
There are about 30 KU students who took the tests during Peace Corps Week and did not turn in the questionnaires, Jack Croughan, Novato, Calif., senior, member of the Peace Corps committee, said.
"It is important that these students send their questionnaires to the Washington address stamped on the questionnaires immediately so that their tests may be considered," he said.
Fun is living in Park Plaza
And at such a modest cost . . .
One or Two Bedrooms
$75 and $85
These units have been newly decorated — with new drapes, carpets disposals, etc.
All Units Air-Conditioned Provincial Furniture Available
PARK PLAZA SOUTH
Ph. VI 2-3416
1912 W. 25th
Day or Night
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He also noted that during Peace Corps Week a large number of students picked up questionnaires who did not take the test that week.
"The next Peace Corps test will be given in all U.S. Post Offices in all states and territories on
Saturday, April 11," Croughan said.
"This means that students can take the test in their home towns over spring vacation," he said.
The questionnaires, however, must be turned in at the time the test is taken.
BUSINESS DIRECTORY
STUDENTS Grease Jobs . $1.00 Brake Adj. . 98c
Automotive Service Motor Tune-Ups, Wheel Balancing 7 a.m.-11 p.m.
7 a.m.-11 p.m
PAGE CREIGHTON
FINA SERVICE
1819 W. 23rd
HIXON STUDIO
Bob Blank, Photographer
721 Mass. VI 3-0330
JIM'S CAFE
838 Mass.
BREAKFAST OUR SPECIALTY
REAL PET
Shopping Center Under One Roof Free Parking
OPEN 24 hrs. a day
GRANT'S DRIVE-IN Pet Center Sure—Everything in the Pet Field 1218 Conn. VI 3-2921
- tobaccos
- pipes
- complete accessories
at George's Pipe Shop
727 Mass. VI 3-7164 "Smoking is our only Business"
Fraternity Jewelry
Badges, Rings, Novelties Sweatshirts, Mugs, Paddles Cups, Trophies, Medals
Balfour
411 W. 14th VI 3-1571 AL LAUTER
HAVING A PARTY?
We are always happy to serve you with Ice cold beverages Chips, nuts, cookies Variety of grocery items Crushed ice, candy Ice cold 6 pacs all kinds OPEN TO 10 AM EVERY EVENING
OPEN TO 10 P.M. EVERY EVENING
LAWRENCE ICE COMPANY
Ph. VI 3-0350
FOR TRAVEL ARRANGEMENTS
SEE MAUPINTOUR ASSOCIATES
MALLS SHOPPING CENTER VI 3-1211
COMPLETE SERVICE FOR CHEVYS & OLDS
& OLDS
- Small enough to give personal attention
- Big enough to have all the equipment.
VI 3-7700
SHIP WINTER
738 N.H.
CHEVROLET
For 9040
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