Show NEWHOUSE INVESTS 5 MILLIONS Millionaire Mine and Smelter Owner Shows His Faith In Utah Salt Lake CltyTIle most gigantic Individual deal In commercial real estate es-tate ever attempted In Salt Lake City and ono of the most important nnd significant transactions of its kind the west has known in years was consummated con-summated here Friday night when Samuel Newhouse tho multimillionaire multimillion-aire mining magnate of tills city secured se-cured tho final option that gives him control of practically a complete half block of property In the heart of Salt Lakes retail business district and three big corners outside tho block in Its immediate vicinity In all three quarters of a mile of business street frontage and cloven downtown business busi-ness comers The deal Involves a consideration of 1OUO000 to bo paid out in cash for the property now held under option by Mr Newhouso within the next sixty days tho expenditure of 5000000 in Improving tho property Including the erection of two skyscrapers and finally fin-ally the Immediate acquisition of more property in the vicinity of tho hall block purchase |