1901-06-09 SF Call

Blythe Block

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1901-06-09 SF Call - p«j|^HE entire Blythe bloCk was pur- II chased...
p«j|^HE entire Blythe bloCk was pur- II chased j'esterday from Mrs. Flor-" £ ence Blythe-Moore and A. A. JJL - Moore Jr... her husband, by a syn.. syn.. dicate composed of I. W. Hellman. Hellman. Ant, Borel & Co! and a number of associates of Mr. Hellman whose names are not disclosed. The purchase price has been kept a carefully guarded secret, but it is believed to have been in excess of $2,000,000. • ! No real estate deal of equal magnitude has ever been made in California. The one most nearly approaching it was the 6ale of the Baldwin Hotel property to James L. Flood for $1,000,000. The Blythe block has been on the market j from a date since long before the sale of the Baldwin property, and it has been the object of negotiations between the owners and almost every capitalist of large means in San Francisco. Its sale will furnis furnis j the greatest sensation that local financial circle's have experienced, and its future disposal will be awaited with keenest interest. ' The purchasers are not only keeping se- cret the identity of the associates of Messrs.. HeHman and Borel and the sum paid for the magnificent piece of realty, . but they refuse to state what their Intentions Intentions are concerning it. They say its disposal disposal is a matter of the future, to be decided decided in. .view -of the conditions that will •then exist. Apparently it is the intention of the syndicate of purchasers to sell the block piecemeal, possibly retaining portions portions "of it upon which to erect buildings commensurate with the choice location of the land. . , Secrets Carefully Guarded. I. W. Hellman was asked. last night at his summer home in San Rafael for a statement in regard to the mammoth purchase. purchase. He said: ' ." .._ "Yes. the property has been purchased. Borel & Co. are associated with me in the transaction. There are also others whose names will not be made public for some time to come. I decline to state the price paid for the property. I will- state, however, however, that this, is the largest real estate deal that was ever carried through In this

Clipped from The San Francisco Call09 Jun 1901, SunPage 23

The San Francisco Call (San Francisco, California)09 Jun 1901, SunPage 23
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