The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-31

to take care Of the constant demand
Trackage property is also so nearly out
Of the market that new track sites are
being created thru necessity, by tear
ing down buildings to make way for
trackage frontages. T., 80
Residence property has advanced ma
terially. In certain sections, such as
enue,- big values have been made by
property owners thru appreciation re-
sulting from. demand and improvements.
All thru the city small investors have
made good money by buying lots in
the last two years, and holding for the
advance that came this closing season.
Many salaried clerk has made his
first 100 per cent on his capital thru
such transactions. -.
Holding Companies.
The formation of holding companies.
to carry the real estate of families:
banks, real estate firms and business
institutions generally has been notice
able in 1905. Property has been trans
ferred in bulk to these com panies. On
one Of the last days Of the year for re-
cording, deeds were fled transferring
property from F.. w. Crowell- to the
Northwestern Investment company and
from J. B. Moffett to the Mofett In
vestment company. This is only an in
stance of frequent records lately, in
the preparation to handle property in
a more business like way than it can
be done in individual names.
, The records for the year have re-
vealed large amount of small property
buying. These lots represent the fll-
ture homes Of the wage-earning and SAL
aried employees in the business houses
and factories Of the city. This has
been one Of the most satisfactory fea-
lures of the season. ssz.Esz
Tendency to Expand.
Realty transa ctions for the year show
q general tendency Of business to- ex-
pand it's limits in the direction Of
Eighth street and southwark to Second
avenue S and beyond. The purchase Of
property by the Minneapolis club for a
site at Second, avenue s and Eighth
street is an indication that the business
men who compose the club membership
recognize the future of the district in
which they have decided to build their
club home. The investment purchases
in the same neigh borhood by w. r. Har-
ris of the New England and G. H Pet
TIT are further evidence Of a recognition
that business is expanding southwark
as well as outward.
liz vi O1G1ou VI CldChdSc pIOp6iUySsT6-
ferred to has been development Of the
North Side in the Boardman tract run
ming from Fourth to Tenth avenue S
and in the Badger tract running from
Tenth avenue s across Seventh avenue.
BY running spur tracks thru the center
Of the blocks in the two districts track
property is being created. The removal
of the old buildings on either property
has no significance, except as a benefit.
They were Of little consequence The
Eustis trackage property Of the same
nature, and near the Badger tract, is
gradually being taken up and has been
built upon the present season.
East Side Activity.
Activity on the East Side has been
a feature Of 1905. That part of the
city has assumed the position Of manu-.
featuring center and is making good
progress in securing large plants and in
extending present holdings.
j. e. Andrus and s. T. Mcknight
have again held the center Of the stage
in realty buying. Many new faces have
appeared also, including J. B. Hudson
and men of the business class, who are
seeking investment or rising values. Mr.
Andrus bought rather heavily this year
His purchases include the Warner Block
at Fourth street and Nicollet, lots in
the block occupied by the New York