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Business & Real Estate

Help boost refund with Earned Income Tax Credit

In partnership with the IRS, the Franchise Tax Board encourages eligible California taxpayers to claim the Earned Income Tax Credit when filing their federal tax returns.

Nearly 3.1 million Californians received more than $7.3 billion in refunds last year, according to state officials. The average Earned Income Tax Credit refund totaled $2,373. The IRS estimates that one in five Earned Income refunds goes unclaimed each year.

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Maltby's sees reprieve


Town Crier File Photos
Maltby’s Restaurant, above, will remain open, at least through St. Patrick’s Day, when festivities include music and green beer.

Maltby’s Restaurant remains open, despite failed negotiations with the landlord – and the reprieve will last at least past St. Patrick’s Day, to the relief of corned-beef lovers across the city.

Proprietor James Maltby switched to a month-to-month lease as his landlord, Tripat Mangat, looks for a tenant willing to pay a higher rate for the space. After 17 years at 101 Plaza North, Maltby hit what he felt was a ceiling when his rent neared $11,000 per month last year. The hike to $15,000 now proposed for the space meant that Maltby’s was reaching the end of its tenancy.

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Le Boulanger facelift approved: Commission votes unanimously in favor of facade, interior changes


courtesy of City of Los Altos
The Los Altos Historical Commission unanimously approved a remodeling plan for Le Boulanger.

The proposed exterior redesign of Le Boulanger bakery and cafe passed its lone public review last week when the Los Altos Historical Commission approved the project unanimously.

The commission’s green light followed a September study session on the matter and recommended that the historical building retain certain landmark features, including its curved shape at the corner of Main and Second streets.

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Wine & beer lounge coming to First Street


Ellie Van Houtte/Town Crier
The new wine and beer lounge Honcho heads to First Street, with a spring opening anticipated.

A cocktail lounge proposed for First Street has cleared its first hurdle – the Los Altos Planning and Transportation Commission.

The commission voted unanimously Jan. 15 to approve a conditional-use permit for Honcho, a beer and wine lounge slated for 235 First St., the former home of Land of Nod. The permit was necessary, according to a city staff report, because the proposed business is in an area zoned primarily for retail use.

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Cassidy Turley, DTZ plan to combine


Ellie Van Houtte/Town Crier
Cassidy Turley, which has offices at 339 S. San Antonio Road, is combining with DTZ following its recent acquisition.

Commercial real estate services companies DTZ and Cassidy Turley have joined forces to operate as a single global firm.

The announcement of the merger plans came last week following the completion of the acquisition of Cassidy Turley by a private equity investment consortium backed by TPG Capital, PAG Asia Capital and Ontario Teachers’ Pension Plan. The consortium acquired DTZ last November.

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Downtown hotel to host open house


Ellie Van Houtte/Town Crier
The French-inspired Enchanté Boutique Hotel at 1 Main St. is slated to host an open house Saturday.

Developer Abby Ahrens’ quest to bring a hotel to downtown Los Altos will soon become reality.

Ahrens has scheduled an open house 4:30-7 p.m. Saturday at her recently completed Enchanté Boutique Hotel at 1 Main St.

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Pharmacy headed to 400 Main St.


Ellie Van houtte/Town Crier
Pharmaca Integrative Pharmacy is scheduled to open a new store in the Jeffrey A. Morris Group’s 400 Main St. project. The new location will open in late February.

A new tenant is slated to call the recently completed 400 Main St. development its new home early next year.

Colorado-based Pharmaca Integrative Pharmacy has signed a lease to open a new location at the Jeffrey A. Morris Group’s mixed-use development, according to a company spokesperson. A grand-opening date has been tentatively scheduled for Feb. 28.

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