The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-04-25
Real Estate
THE MARKET IS EVEN
Real Estate Matters Are Quietly
Active-Several Leases
Are in Sight.
The Deming Bill Comes In for Dis
cussion Among Real Es-
.- tate Men.

| Real estate matters are in the same
condition of semi activity that has pre-
vailed for several weeks. The lists OF
daily registration are steady, being chiefly
those of small properties. An occasional
large deed, the negotiation of which has
been reported already under sales. reaches
the light now and then, showing that the
deal is closed
Negotiations are in progress for the
leases of several sites for factories in the
city. Flat leases for set term are in
favor and the fact that lesses will not
accept the old form of reappraisement
leases is the stumbling block in the way
of some deals, especially where the prop
erty owners have been accustomed to the
other uncertain form Of reappraisal every
five or ten years. s.
The Crown Iron Works has closed q
deal for a large tract in Northeast Min
neapolis upon which a new factory will
be built. The property was handled by
the Chute Realty company. y:-
The McVoy Tub, Pail and Package com
pany, which has been incorporated re-
Gently, Is looking toward the doubling OF
| its capacity. This is the. only factory Of
the sort outside of the trust and it's bust
ness has steadily grown just the same
The present factory was built six wears
ago and has been added to continually
The capital named in the articles of in
corporation is 100000.
The +. G. Deming bill to enable munic-
qualities to establish and acquire building
line easements along streets, highways
parks and parkways, and defining the ma
ture of such easements has become a law
Members Of the Minneapolis real estate
board are taking considerable interest in
perusing the bill and have expressed the
wish that the law permitting the estab
lishment Of a building line not more than
fifty feet from the margin Of the street
might be applied in additions now being
plated or in which houses have not been
built.
Attempts have been made at times to
OBTAIN the same results by agreement
between lot owners and purchasers that
houses shall be built fronting on a line
running parallel to the street at some
distance from it. This agreement has
rarely been broken over except OCCASION
ally when man at the one end of the
block or the other has broken the rule,
at the same time breaking the golden rule
and shutting out the excellent view of his
neighbour.
In many parts of the city will be seen
whole sections with every house on a
line, thirty or more feet from the side
walk.
E. c. Corser included in the deeds to the
property in the block on the corner of
which his house stands, at Groveland ave-
nue. and Vine place. a thrty-foot limit
w lleIuel lIlS WOulQ nOlQ IN the law IS not
stated. but the spirit has been observed
thus far The effect upon the eye is ex-
ceent and the method gives the block
uniform and dressy appearance.
Mr.. Deming's law is broad in its scope
and permits the acquisition of property
by the city council. by purchase or
grant, or by condemna ton or dedicat ton
Where house is over the line when a line
is established in an old territory it may
be acquired by condemnation. The act
provides further for the whole macfin-
cry Of cendenanat ion Eantaappra isal.