Show GREAT AVE OF IF REAL ESTATE INVESTMENT SI SWEEPS SAt SALT T lAKE CITY I Newhouse Closes Bold Campaign by Purchase of Bamberger Corner as Site for Another Big Building U Sales Aggregating Half Million and Affecting Many Varied in interests interests interests Mondays Record Samuel Newhouse secures Bamberger corner at Main and Market streets across from Postoffice building for J 1 R Walker Valker purchases lot on Main street immediately south of former Walker corner corer eor er at Main and Fourth South streets from H W V George and others for approximately A B Richardson buys property on Fourth South street imme dl teb west of Rosenfeld corner Sold to Samuel Newhouse last week weel Prop erty feet consideration 2593 Sam Reggel buys W T S Crimson property on West Temple T mple street between Second and Third South streets opposite Commercial club for 1910 Barlow corner at First South street and Third West street sold Eold for ap proximately to purchasers Corner is one block south of proposed new Oregon Short Line depot depotA A Fred Wey Vey buys property immediately imme cast east of Grand theatre on Second South street from Constant Lorane Investment company of Los Angeles for Kelsey Gillispie secure options on worth of property in vicinity of old haymarket on Second East street between Third and Fourth South streets Adolph of Los Angeles sells corner property at Mali Main and Fifth South streets 7 feet to M lI B Lichtenstein of Salt Lake for Adolph sells Sam Reggel State street property between Fourth and Fifth South streets opposite entrance to court house for Prop Property Property erty 4 feet Consideration per front foot footH footH footH H M 1 Cannon C sells lIs to Carl Car E property on Third South street opposite Manitou hotel for Tuttle Brothers announce decision of Henry Phipps to spend ing the Daft building on Main Iain street between First and Second South streets Samuel Newhouse announces that neither of the buildings to go up on his lila half balf block purchased last week will be less than ten stories in height and both bOUl will probably be twelve Mr Ir Newhouse says he will erect a store and off office ice building on tho the Bam Barn berger corner and will put up a hotel building on the Walker corner at Main and Fourth South streets streeta Coming as the closing feature of what has been the most sensational and im important important important individual deal In commercial real estate Salt Lake has ever known and of a series series of property transfers in inthe inthe inthe the local market unparalleled here in fifteen years Samuel Newhouse the theman theman theman man of the hour in Salt Lake yesterday afternoon announced the purchase of the tIle Bamberger corner at Main and Market streets for To quote Mr exact words the Bamberger corner is probably proba probably ably a l the most choice business corner in Salt Lake today It was purchased for a front foot The lot has hasa a frontage on Main street of feet and depth of feet on Market street str et Not content with the mere purchase of the valuable corner Mr Newhouse announces arul that the leases of the present tenants of the corner a modern modem store and office build building building ing In will be erected Newhouse Reaches Reache Goal Now I am through was the terse characteristic sentence that came from the multimillionaire real estate napoleon eon ten minutes after the deal was closed yesterday afternoon as he sat in his private office in the Dooly building Ive got all ail I can use he continued In little more than a week with the consummate skill and nerve born of o oI I many big deals he has accomplished what every business man and real estate dealer in Salt Lake has been hoping and expecting would sometime happen the opening of oC a real estate activity here that promises es to send Salt Lake to the top among western cities and the advancement of local realty values td their proper plane A turmoil of excitement prevails in inthe inthe the thereal real estate offices of the city Men Ien who for months known the in interior Interior tenor of their offices after 6 are working till the small hours of the morning Property values along Main street lave have advanced to 1000 a front foot in sixty hours time By his purchase of a half block of property at Main and Fourth South streets last week weel Mr 11 Newhouse forced the values of property in the vicinity to such a figure that yesterday he paid I fully Cully 1000 more a front foot for the Bamberger corner than he would have paid had he purchased it the first of last week Salt Lake has never known such an awakening as that which at present prevails in its realty market Mr New Newhouse Newhouse Newhouse house has achieved a remarkable place as a property holder in Salt Lake and to his daring moves culminating in a final bold purchase is due duo what will unquestionably be the most wonderful strike toward the city has ever experienced I Not Less Than Ten Stories I IThe iThe The two splendid office structures to tobe tobe tobe be erected by Mr Newhouse on his Main street property will be ten full stories or more each This was the statement made by the multimillion multimillionaire aire yesterday The announcement that one of the buildings would be but eight stories is a mistake Both will willbe willbe be at least ten and and probably twelve stories Mr Newhouse has wired east for Cor his architect to come to Salt Lake immediately and look over the ground for the buildings The statement made last week that the Walker corner purchased by Mr 11 Newhouse would be improved with a hotel building was positively substantiated substantiated hated by y the latter latt r yesterday Other improvements will undoubtedly be made on the half block purchased by the min mining mining mm ing magnate but their exact nature has not been determined upon Following in the steps Qt the million dollar deal has come a host hest of transfers In the local market The dealers ealem have been working night and day and yesterdays yester sales and pur purchases purchases purchases chases form a page The property immediately south of the former Walk VaU Walker er Brothers corner at Main and Fourth South streets has been purchased by byJ J T n R Walker for approximately The property has a frontage on Main street of feet and a depth of feet hd Adolph of Los Angeles I had listed Ilsted his Main ano am and Fifth South street corner gorner with Little Little two months ago for tor 2 That firm sold the corner to M 11 B Lichtenstein last Saturday for that price e When Mr Ir was wired he refused to I confirm the tho sale and took toole the train for Salt SaIt Lake arriving here yesterday He I t boosted his corner and Mr Lichtenstein wanted it bad enough to pay the asked A year ago Mr purchased the property for I 1 consider Salt Lake real estate th tv best property prop in the United States to buy bu declared the Los Angeles man yesterday afternoon There is nothing like me it anywhere The town is starting on an unprecedented boom Late yesterday afternoon Mr man through Little Little sold rold his hs State street property between Fourth and Fifth South streets to Sam Reg Rg Reggel Reggel gel for A Fred Wey Busy BusyA A Fred Wey the hotel man j yester yesterday ester esterday day purchased the property t R sf he e Grand rand theatre t for 2500 from the Constant Loraine Investment company compan of Los Angeles through K sey soy Gillespie who ho closed other sales salts during the day for between and mI worth of property on Second East street between Fourth and Fifth South streets streeta The Barlow Barlo corner comer at First South and Third West streets has been ben sold for to purchasers Mr Reggel has purchased the Crimson the Commercial club on West Temple street for f r A AB AB AB B Richardson bought the lot loton I loton t ton on Fourth South street just west vest of or orthe the former Rosenfeld corner and will erect a building on the prop property I erty at once The consideration was 2593 2397 Carl E purchased the th Can Cannon Cannon Cannon non property on Third South street op opposite opposite opposite the Manitou hotel for This is Mondays record of actual sales There have been beer numberless op options options options taken on downtown property in inthe Inthe Inthe the last three days and the market has taken a decided speculative turn Men Ien are arc securing control of o valuable property for a few months or 01 weeks time hoping they can turn It to a good profit before the expiration of their op options opI I |