The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-12-06
MORE BIC DEALS
IN REALTY PENDING
Nonresident Parties Are NegO-
tiahng for Valley House
Corner.
BIG HOTEL is LIKELY
TO BE ERECTED THERE
Old Haymarket Property, 1t is
Now Said, Goes to Mr..
NewhOuSe.

Rumors of big real estate deals are
as numerous as ever and IL is probable
that some of the pending negotiations
will result in the consummation of more
big transactions within the next few
days. Although some of the local
real estate men JOIN with the mulu-
tudes in the excitement which was in
stigated by the Newhouse deal and
urge the residents of Salt Lake to do
their utmost to keep up the rush for
business properties, some OF tho more
conservative dealers advise greater pa
tience This was particularly notice
pble Tuesday. One of the real estate
tpen said that two property owners IN
the residence district, near the suburbs.
Earnestly requested him 10 market their
holdings as business property.
Ono of the recent sales OF business
property was that of the property of
Ann NJ Cannon, on Third South, be-
tween Second and Third East, to the
Brown. Terry & Woodruff company.
The amount involved in the transaction
has not been made public and the
plans of the purchasers concerning the
disposition which is TO be made of the
property are still indefinite. Monday
afternoon Carl +. Osterloh took an op-
ton on the property at $44,5 800 but he
,immediatelv transferred the title TO
Brown, Terry & Woodruff at consid-
Grafton which has not been divulged.
The property fronts on Third South. OPP
posite the Manitou. 1t starts seven
rods from the corner of State street,
runs nine rods east and is ten rods
deep. The sale was made through
George NJ. Cannon aud Tuttle Bros
According to a rumor which was cur
rent yesterday and which was evidently
based on fact. George NJ. Cannon sue
cessfully negotiated the sale of the old
Jewish synagogue ON Fourth East be-
tween Second and Third South. Mr..
Cannon refused to make known the
names of the purchasers and the
amount which they paid for the pro-
perty, saying that the deal was not
yet ready for publicity.
After Valley House Corner
Another rumor that was banded
about in real estate circles yesterday
was to the effect that nonresident par
ties were negotiating for the old Val
ley House corner. South Temple and
West Temple, controlled by the Hub
bard Investment company. This, how
ever, could not be verified. According
to conjectures made by some of the
real estate men yesterday ii is pro-
bahle that the prospective purchasers
intend TO erect hotel on the property
and these negotiations seem TO bear
out the prediction made soon after the
Newhouse deal was closed, that the
business district would extend west.
ward as well as 10 the southeast.
Considering the fact that the pro-
pertv has frontage of about 200 feet
on South Temple and a frontage of
about the same length on West Temple.
it appears that the place is peculiarly
adapted for large structure. and there
is nothing to prevent its being well
lighted. Since il is in the paved dis
tyIpr the Orpnnn Short
depot, on the line of the new BAN
berger road and convenient for sight
seeing, il seems to be one of the best
places in the city for the erection of
8 tourist hotel Some of the real estate
dealers asserted Yesterday that a struc.
ture of this kind would give an i'm
petus to the realty market in that sec
ton Of the city similar to that which
, followed the Newhouse purchase on
East Fourth South.
One OF the most active purchasers of
Salt Lake property is NJ. b. Lichen-
stein, So great is his faith in the
value OF Salt Lake real estate that he
i. closing deals for property daily and
has activity in this way is doing much
to encourage speculation. One of the
purchases which he made Tuesday was
that Of piece Of property on Fourth
South, between Main and West Temple
1t is located on the south side of the
street. near the middle Of the block.
and its dimensions are 80 feet by los
feet. Mr. Lichenstein has made sew
eral other purchases, but he was so
busy with his transactions YESTERDAY
fhat he did not take time to 60 into
"details concerning his other deals.
Newhouse Gets Haymarket.
1t has been definitely learned that
Samuel Newhouse is the purchaser of
the old ''hay market on Second East
street. between Third and Fourth
South streets, an exclusive account Of
which transaction appeared in last
Sundays Tribune. The property was
formerly owned by Maj. George NJ.
Downey and John It. DonneIIan and
was sold To Mr.. Newhouse for $4,000.
The ground embraces about two and
onc-third acres, besides fractions of
lots fronting on the south side of Third
South street and on the north side of
Fourth South street, it includes two
full lots, ten by twenty rods in dimen-
ond East street. 1t is located immed-
lately through the block from the State
street side of Mr., Newhouse 81 600
600 purchase and it is thought that he
intends TO cut a street through from
Main to Second East instead of to State
street, as was at first supposed, and
that modern apartment will be erect
ed on the property.
Probably the largest individual sale
OF real estate that has been consum.
mated thus far was that of the BAN.
berger corner, on Main and Market
streets, which was sold through Meeks
& Lynch Monday to Samuel Newhouse
for s15O,000- The same real estate
hrm is now negotiating for the sale of
Beveral other valuable business pro-
perties and some of their deals will
probably be concluded within the ncyt
two or three days.
Tuttle Bros. reported the following
sales of modern residence properties
Tuesday: W. l.. White to Thomas
Nipper, 1914 East South Temple.
$1,000. Henry Phipps to w. c. Leblanc.
IS o street, $6500 Henry Phipps to
F. w. Francis, S6s Second street,
$4,000.