Los Angeles herald., 1910-01-02
BRIGHTER FUTURE
FOR LOS ANGELES
MARKED EVIDENCE OF REVIVAL
IN REALTY
Inquiries Brisk for Investment and for
Home Building = All Active
Dealers Are Busy and
Cheerful

The year 1909 closes with many evil
dences of increase in activity in the
Los Angeles realty conditions. Dealers
are now showing property for business
and residence purposes, both in the
central and close-in commercial dis
tricts, and residential sections, and, as
will be observed by the reports in these
columns, a greater number of bona
fide sales are reported. Even the in
vestors are perking up and buying
freely. all of which goes to show that
after the recent financial depression
normal conditions have in a larAe
measure returned, and it is of especial
interest to remark that Los Angeles is
one of the first of the larger cities OF
the country to experience the revival
of good times and easier condltlons III
the money market.
No other city in the entire country
possesses more fully the confidence of
conservative investors in the value of
improved and unimproved property, in
both the city and country. Realty
dealers look forward to one of the
best years in the history Of Los An
geles in the handling of all lines of
pro. crty.
Many of the leading operators in
realty holdings are justly optimistic In
their views and are strong in predlc-
tions for onward march in the deVei-
opment in Los Angeles and vicinity
The Mccarthy company reports
closing a very profitable and active
year in its properties. principally tracts
in the south and southwestern parts
of the city During the past year the
company has opened up an sold Off
more than three-fourths of the Moneta,
Manchester avenue and Main street
tract and has opened up and sold the
Mccarthy. company's Normandie
square tract, besides continuing oper-
ations in it's Greater Los Angeles tract
! and other adjacent and adjoining
properties which have been known to
the public for the past two years. The
company also opened up and has made
enormous advance sales during the
| latter part of the past year in its van
| Ness square tract, north of the VIII
shire boulevard.
Speaking of the future, e. Avery
| Mccarthy, the secretary of the COM
pany. SAYS: 1--WE look for steady
wear of progress for 1910, which means
good business among real estate peo-
pie who have the right kind of useful
properties, whether the properties be
of a high or a low cost. we uo Hol
look for much speculation, but we do
look for an increased demand among
actual home builders and people who
are intent upon building at present
or in the near future. This we con-
slider a ve.y healthful state of mar
ket"
100000 Acreage Deal
The well-known realty operators,
Selover & Whipple, with the firm OF
Strong & Dickinson, have just taken
an option on the 500-acre tract of land
known as the Bixby ranch property
being part of the Ranch Conon de
Santa Ana. This acreage property is
| located a short distance from Corona
on the Santa Ana river. 1t is claimed
the option calls for 5000 per acre, which
includes valuable water rights.
! A syndicate will be Immediately or
ganized to take title. The property
will be subdivided and the greater por-
ton of the acreage will be graded and
planted to citrus fruit. The general
plan for handling the property when
ready for sale will be similar to the
selling plan adopted in handling the
| Glenwood Groves property near Riv-
erside.
This valuable property belonged tc
Fred Bixby and his sister, Mrs. Dr.
Ernest Bryant of this city.