Thu11272014

Business & Real Estate

Business Brief


Rendering courtesy of Sares Regis Group

Exercise studio coming to Colonnade

Exercise studio barre3 is scheduled to open next year at the Colonnade development at 4750 El Camino Real in Los Altos, pictured above.

The studio – which combines ballet with yoga and Pilates – has leased 1,460 square feet of retail space in the development, which will include 167 apartment units, 38 townhouses and retail once completed. The studio is the third business to sign on at the Colonnade – joining The Vitamin Shoppe and Jos. A. Bank.

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State Street science center closing Nov. 30


Ellie Van Houtte/
Helix at 316 State St. is closing after the completion of a one-year grant from Passerelle Investment Co. The science center became a popular destination because of its various exhibits. Town Crier

A popular downtown destination for science lovers and curious folks is leaving Los Altos.

In a letter to customers earlier this month, Helix by Exploratorium Director Anne Richardson announced that the science center at 316 State St. is closing its doors Nov. 30.

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State's top tax debtors owe $129 million

The California Franchise Tax Board recently updated its Top 500 Delinquent Taxpayers list, revealing that 316 individuals and 62 businesses owe the state more than $129 million in combined income taxes.

In August, the Franchise Tax Board sent letters to 500 taxpayers scheduled to appear on the list if they failed to resolve their tax debts. Prior to the list’s publication, 122 taxpayers resolved their accounts. The Top 500 list is published every April and October. Being on the Top 500 Delinquent Taxpayer list carries added provisions:

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New State Street retailer takes shape


Ellie Van Houtte/Town Crier
Jane Kim opened ettim at 253 State St. last month.

Ettim, the custom women’s shapeware retailer, is a household name in Korea, and a local entrepreneur wants the brand to uplift the lives of American women as well.

After stepping away from a similar business 10 years ago, Saratoga resident Jane Kim launched ettim at 253 State St. in Los Altos last month.

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New shop offers haute couture for girls


Ellie Van Houtte/Town Crier
The Girls @ Los Altos at 239 State St. offers clothing lines such as Nellystella as well as toys and other items for girls.

Cecilia Chen opened The Girls @ Los Altos as a tribute to the party dress. Whether it’s for a birthday party, a role as flower girl or a concert performance, Bay Area girls like her daughter like to dress up – and Chen saw a lack of comfortable places for young girls to try on fancy clothing in a cozy setting.

Chen built a “kids’ corner” in her shop at 239 State St. with sofas, bookshelves and toys for young people to kick back and relax. A big wooden toy house set up as a playspace sits along one wall.

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Los Altos-based Beepi raises $60 million in funding


Courtesy of Beepi
The Los Altos startup Beepi generated another round of investor funding.

Los Altos-based startup Beepi recently raised $60 million in Series B funding.

Founded by CEO Ale Resnik and COO Owen Savir, Beepi offers a peer-to-peer marketplace to sell and buy cars online. Among other services, the company offers prospective car buyers on-the-spot preapproval for loans. Buyers can also pay for purchased vehicles in a variety of ways, including bank transfer, cashier’s check, credit card and even bitcoin. The company has offices at 5050 El Camino Real, Suite 116, in Los Altos.

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2013 personal income tax filing deadline today

Today is the deadline for taxpayers to file 2013 state personal income tax returns without penalties, according to the California Franchise Tax Board (FTB).

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