Business & Real Estate

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.


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.


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.


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.


Business Brief


Investment group CEO named Entrepreneur of the Year

Traders Magazine recently named Stanford Investment Group Inc. (SIG) President and CEO Helen A. Dietz its Entrepreneur of the Year. The award is presented annually to an individual who pursues and succeeds in new ventures or businesses in financial markets.

“I’m truly honored to be named Entrepreneur of the Year,” said Dietz, who joined the Mountain View-based investment group in 1987 and became president and CEO in 2004. “This award is a reflection of the entire Stanford Investment Group team’s passion for our industry and commitment to our clients,” she said.


IRS offers tips for year-end gifts to charity

Many people give to charity each year during the holiday season, however, there are several tax rules to be aware of before giving. Following are tips from the IRS to keep in mind.

• Qualified charities: You can only deduct gifts you donate to qualified charities. Use the IRS Select Check tool online to see if the group you contribute to is qualified. Remember that you can deduct donations to churches, synagogues, temples, mosques and government agencies. This is true even if Select Check does not list them in its database.


IRS reports 2015 tax inflation adjustments

The IRS recently reported 2015 tax year inflation adjustments for more than 40 tax provisions of interest to most taxpayers.

• The tax rate of 39.6 percent affects singles whose income exceeds $413,200 ($464,850 for married taxpayers filing jointly), up from $406,750 and $457,600, respectively, in 2014. The other marginal rates – 10, 15, 25, 28, 33 and 35 percent – and the related income-tax thresholds are described in the revenue procedure.


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