Los Angeles herald., 1906-12-09
BRIGHT FUTURE
IN REALTY FIELD
OPERATORS WHO ARE ACTIVE
PRODUCE RESULTS
Local Situation Never Better-Deals
Involving Several Millions Of DOL
lars Soon to Be cIosed-After
Business Frontage

One of the leading realty operators
who figured prominently in the late
city election in the Republican ranks
was halted Thursday and interrogated
as to "the situation" "Oh, it's all
over" he said. Forget it, We are out
now for business and we are going to
make things hum in the real estate
and business line"
This seems to be the prevailing spirit
among the active real estate operators
of Los Angeles. Much like large
percentage of the business men of the
community in other lines, the real es-
tate dealer at election times looks at
the municipal situation with an eye to
the business end of the proposition, and
any decision that faVors the continued
prosperity of the city is hailed with
general approval. The fraternity are
agreed that the coming year will be
! one of the greatest in business and de-
velopment in the history of Los An
geles, and they make bright predictions
for the future.
Six weeks ago a prominent realty OPP
orator told the Herald man that he
would report sales amounting to ST.
900, 900 in value within a month. He
! made good. The same party stated
Saturday that the situation at present
never looked brighter and that before
the fifteenth of February he would
close deals in business and other prop
erty aggregating over $2,5O0,0OO in value.
He would not indicate in what par
ticular part of the city he expected to
make the transfers, but said that the
negotiations were now under way and
that possibly some of the deals would
be closed during the month of Janu-
ary. t
Another dealer promised that he
would close deals during the coming
week involving property valued at
$4,000
Julian S. Newman, who, in conjunc-
tion with his father, Edward Newman,
has been a heavy operator in Los Ange-
les real estate, has decided to close out
his business interests in San Francisco
and make the Angel City his future
home. He is now acquiring intimate
knowledge of the local situation in the
office of Black Bros, in the Union Trust
building. The Newmans are people of
ample means, and their coming means
an important acquisition to the popu-
Z lation of Los Angeles.
Discussing the opportunities for in
vestment-fn IN Los Angeles Saturday, Mr.
Newman sasid:
LOS Angeles has arrived. When a
city -or business is small it is likely
to be overlooked, but when it gains
size and Importance in the business of
the country 1T compels recognition. This
is the case with Los Angeles, and the
, country at large is looking at Los An
geles, thus launching it upon an un-
. precedented era of growth and prosper
ity.
I'm proportion to other advancements
real estate has naturally marched along
with the parade. The enormous gains
in population have caused values to
rise steadily, and contrary to the ideas
of some not too well informed people,
1 believe, the market values are rather
below than above the prices asked for
business realty. This is discovered af-
ter a careful comparison with cities of
like or nearly like population and
with prospects not nearly so sure of
fruition as Los Angeles
THAT business and industrial real es-
tate will increase in value materially
is an assured fact If is further a
certainty that new business streets for
high grade retail stores will come into
existence, as three main thoroughfares
are not nearly sufficient for even the
size of this city at the present time.
Fortunes have been made by people
4 who placed confidence in the growth
q of the city, and who bought and sold
4 real estate. 1t is, however, but a small
thing to what the next five years will
show in this direction, and the men who
declare that the population of the city
n Will double, and who back their excel