Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-03
REAL ESTATE.

Goodly Amount of Sales, but Not a
Lively Week-Closing Building Opera
tions for the Season-Some of the Business
Blocks Contemplated for Next Year.
Notwithstanding the fact that the
records of the Office of register of deeds
shows larger amount of transfers than
usual, the week is not regarded as having
been very active one among real estate
dealers. Prices are high and holders are
comparatively independent. They seem to
have sufficient confidence in the future to
make them firm in the belief that real
property in st. Paul will go good deal
higher and they are therefore willing to
wait and see. The sum total of the trans
fers as recorded show that deeds with a
total money consideration of S348, 400 have
been recorded during the week, in spite of
the fact that Thanksgiving day interviewed
during which no business was transacted.
The above therefore represents the work
of five days. In reality very large part
of these recorded transactions are simply
the deeds of property that was sold
some time ago but not re-
corded till now, so that while the week
looks like a large one, it is not in reality.
The season has been very favorable for
those who have buildings under way, SO
that most of the large, heavy houses will
be under cover when winter shuts down in
good earnest. The big Drake block on
Third street, between jackson and Sibley
streets, is one of the very latest, and gangs
of men are kept at work day and night
upon it to complete the outside part of il
SO that it can be enclosed. It is now nearly
up to the top of the fifth story and will
undoubtedly be under cover in time. II
has been very Gloss work, though.
The new blocks for next year begin to
attract attention, and pile driving for
them has. in some cases been begun.
Mr.. Hermann Greve has arranged for
the erection OF five story block on Fifth
street on the corner of Wacouta. This
block will front 100 feet On Fifth street,
and run back $50 feet on Wacouta. The
| plans for it have not yet been completed,
| but it is safe to say that anybody who
knows Hermann Greve knows that he will
erect nothing but first class block.
Next to the above block Messrs. Noyes
Bros. & Cutler will erect five story block,
this winter 70 feet on Fifth street by $50
feet in depth.
Messrs. Nicols & Dean have commenced
driving piles for the foundation of their
new block. on the conner of Fourth and
Wacouta. This block has already been
described.
Mr.. D. c. Shepard, who has just COM
pleted a FIVE story block 100 feet
on Third by $50 feet in depth,
has purchased fifty feet more
on the east, and has commenced the work
of excavating for the foundation.
The foundation for the five story block
of Joseph Leighton on the corner of Wacou-
to and Third street is progressing rapidly.
Work on the pile driving for the five
story Thompson block, west of the Leigh
ton block, is progressing very satisfactorily
Some of those gentlemen who year
or two ago put up three and four
story blocks when they should
have made them at least five stories, are
now very much dissatisfied with themselves
for doing so.
Mr.. William Constans is about to COM
mence the foundation for block on Sew
enth street, with 100 feet front, between
Sibley and Wacouta streets.