The herald., 1894-07-15
HOUSE AND LOT BUSINESS
A Very Fair Outlook for the
Real Estate Market.
What Is Expected from the Railway
Construction to Utah.
A Number of New Houses In Course OF
Erection in All Parts of ths
City - Considerable
Activity.

The local real estate market for the
past week is described as quiet. How.
ever, there is some tendency toward
img vement within the past two days,
and number Of very fair sales are re-
ported The revival OF the Salt Lake
and Los Angeles railroad agitation, NO
tice OF which was published in the tels.
graph columns OF the HERALD during
the week, has occssioned much iavora-
BILE comment regarding the very bright
future Of the real estate market. One
dealer, who has been in the business
here for IL years, expressed himself as
follows:
$50 soon as the people are assured that
the Salt Lake road is to be built, within
a reasonable length of time, you will
see an activity here which will exceed
the days OF 1867. Not in the laying
out of corner lots. perhaps. but in
growth of a substantial character. The
fact that this road will make the dis
tance 400 miles less between this city
and common eastern points. has already
attracted much favorable attention.
Besides this, the country along the road
ie full OF mineral wealth and possesses
some splendid bodies of land. All the
wealth, in fact, OF Southern Utah and
Nevada will be poured into Los Angeles
with the building Of this road"
Easton, Eldridge & Go. state that their
sales have kept up very steadily in the
Wolfskiil tract and in Chino lands.
The Rtate that their prospects are very
iair for good summer trade. Along
about the 1st OF August they will in
augurate auction sales once more, and
hold them about once in every three
weeks. Anyone having property can
list the same on the same principle OF
the real estate exchange, and on the day
of the auction have it offered to the pub
lie. Their experience here with auction
sales, they say, has been extremely fat.
tering.
The transfers of real estate for tho
week Just closed show total of 225
deeds. for which S247, ,227 was paid. This
is very fair average, considering the
state OF decentralization through which
the country is just passing.
TIE BUILDING PROGRESS.
The building progress in this city is
still very active. 1t extends in all di-
rections and includes all kinds OF build
ings. Very much progress is also to be
noticed in street grading, building OF
new sewers and opening OF new thorough
fares, particularly to the south and west
of the city. A large force of men and
teams are at work north OF Westlake
park grading off large tract of land, and
over 10 the Bonnie Brae settlement the
new houses are going up right and left
1t is difficult to determine which section
is building faster, the section around
Wostlake park or that along Grand ave.
nue. and on out in the Harperitract.
The list of new business blocks now in
progress make a very favorable showing.
These iaclude the Hellmsn block. Ger
man Savings bank and Los Angeles Mis-
sion. all on Main street; the Irving,
Chamber of Commerce, Wilson and
Owens, on Broadway; the Johnson, on
Fourth, and Vogel, on Seventh. These
are all fine brick buildings. costing all
the way from $4,000 to 100000 each.
The cost of the new dwellings will range
from $l500 to $25, 600.
BUILDING NOTES.
The new brick building at Seventh
and Broadway which j. r. Vogel has
just put up will contain four stores be-
low and is fitted for hotel above. 1t is
three stories high.
The boom in building flats still con-
tinues. The northwest corner OF Ninth
and Flower was cold during tia week
for s 6000 and flats will be built upon it.
Over ~ building permits were issued
durlav the week.
Architect Young received bids yester-
day for putting in q marble entrance to
ths Spring street side of the Wilson
block.
Four flats are to be built on Temple
street near Grand avenue for j. 4. Hen.
derson, to coat $4,000.
The street cars will soon be ready to
run down Spring street to Main. The
new track has been laid.
The new residence of Ber.hold Baruch,
on Figueroa street, which will cost
$1,000, is nearly completed.
DR.. ]. G. Michener is building hotel
at the corner of Seventh and Hill streets.
r. Dillon is erecting a row of houses
at the corner OF Hill and Seventh and q
double house on Grand avenue, between
Eighth and Ninth.
Mackay & Young have been awarded
the contract for building the Irving
block, at the corner OF Third and Broad.
way The same firm has seured an.
other. contract at Whittier for putting
up boys building at cost OF SAC, 900.