The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-05-28
HALF A MILLION
IN REALTY DEALS
Banner Week for Many Years IN
Salt Lake Transfers.
EFFECT OF FOREIGN CASH
STATE STREET THE FANoRlTE
WITH LARGE INVESTORS.
EFFECT OF FOREIGN CASH

The amount OF money involved in the
real estate deals of the past week runs
beyond a half million dollars. and this
does not take into account number
of deals closed Of which no mention
will be made until the final papers
have passed. some weeks IN the future
This is by all odds the best record
made in many years, and yet close %
servers assert that it is only the ne
ginning of q period Of activity thag
will throw all past records INTO inc
shade.
No other feature of the situation IS
more encouraging than the TACT Jn7I
outside capital is coming in for invest
ment from all sides. This IS not all
coming from Los Angeles and other
points of California. but investors from
the east are sending in capital TO %
exchanged for property that promise
good incomes on the Investment
Il is considered but natural that M
vestors should come here from Los An
geIes to pick up real estate bargains
They realize what the salt Lake Route
is certain to do for this state and this
city. What they think of salt Lake
as n place for Investment is expressed
in the action of r. A Rowan. who. II
is said. has already invested Sl90-coV in
/ inside property in this city he IS one
! of the largest dealers in the entire
west He and his partners have done
great things 10 push Los Angeles 10
/ the front. they are now building a
/ 81. 900 600 hotel in that city in addition
/ TO their other lines of activity. Nj.
/ Rowan announces that he viii return TO
/ salt Lake with the chamber of COM
( meTCe in June. and the natural infer
/ enCe is that he will not only add TO
his OVID holdings. but induce 4 number
| of his Los Angeles clients to invest
also
State Street in Favor.
Nothing transpired during the week
to interfere with the swing Of the real
estate business to State street and
sales already noted in the columns Of
The Herald. a number of new ones were
| made public yesterday. Among them
is the purchase by Brown. Terry &
/ Woodruff. through Clayton & Co. OF
165 feet frontage on the west side Of
State street between Third and Fourth
South. just south of The Halls for
$4,000. The ground IS I65 feet deep
and the prediction Is freely made that
the block viii be worth S100.OGO within
three years
Two other pieces on State street fur
Their south were sold during the week,
but the names of the purchasers and
the exact location are withheld. One
piece has a frontage of fifty feet. the
other forty-nine and One-haIf feet
Each brought $4,000. or $500 per front
/ foot.
Cash Comes From Ohio.
A Richter reports the sale of four
| apartment terrace on the corner o.
| Fourth East and Fifth South for Hen
| ry Blank to Q. Vi. Robinson OF CIeve-
! land. o. The corner is S21s by 116 feet
I in extent and the price paid was ST.
300 Mr. Richter purchased for himself
| from the COttle estate half bloc K
| with twenty rods frontage on Third
/ street between . and = for $40 COO he
! VIII improve the property. He also
! sold to Charles n. Miller 4 modern
/ brick cottage with s. by 13o feet OF
/ ground on y street between First and
Second for $1,000. He also sold to
Noble WaTTUm corner Ala by rs feet
with teu-fUOt alley. on the corner II
/ Second and T. for $3.50. The sig
nihcance Of this is that Mr.. Warru!7
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