Salt Lake Herald-Republican | 1909-11-21 | Page 17 | Salt Lake Real Estate the Best

SALT LAKE REAL REALEST EST A IE THE BEST Buyer Investigates Else Elsewhere Elsewhere Elsewhere where and Then Invests His Money Here What one shrewd judge thinks of ot the relative merits of real estate opportunities opportunities opportunities in Salt Lake and in southern Cal California CalIfornia California is shown by a sale closed last week by Stowe Palmer This firm had for tor sale the northeast corner comer of Fourth South and Third East streets owned by several members of ot the tho Riter RI r family The proposition was submit submitted ted to John T Donnellan who niter after some Investigation decided that he would look into the opportunities In Los Angeles Ban San Diego and elsewhere In southern California before making any further Investment in Salt Lako real estate Mr Donnellan went away Way He spent some somo time looking into conditions condition in southern California He visited Los Angeles and the surrounding country making inquiries as to real estate val values values values ues and prospects The result of his investigation was that he wired Stowe Palmer an offer otter on the property In Salt Lake He was Informed that the price had been ad advanced advanced advanced during his absence After some negotiation by wire he telegraphed his willingness to pay the advanced price which was approximately and the deal was closed last week Mr Don Donnellan Donnellan Donnellan is highly satisfied with his pur purchase purchase purchase chase having become convinced that thata a man can do more with his money buying real estate in Salt Lake than anywhere else In the country The real estate situation has never been more encouraging in the history of Salt Lake said H S Stowe of the firm of Stowe Palmer yesterday The feature right now is the Interest in business warehouse and prop properties properties properties Men of large means both In Salt Lake and elsewhere are realizing that prices in the city are low com compared compared compared pared with actual and prospective val values values values ues and they are demonstrating their faith by putting in their money