Thu12252014

Business & Real Estate

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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Market's last week could be interesting

Investors are taking a long lunch these days as the Russian financial crisis looms and as they await a statement from Federal Reserve Chairwoman Janet Yellen on future direction.

Stocks went on a wild ride last week, with the Dow Jones industrial average moving more than 300 points in one day. Several noted analysts told investors to brace themselves for more turbulence and perhaps a significant decline in the near future.

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Transactions

Los Altos Hills

25333 La Loma Drive, Kersten Trust to C. & K. Welborn for $3,095,000

27724 Via Cerro Gordo, Rosso Trust to Sambucetto Management for $2,050,000

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Your 2015 stock market game plan

It’s been a maddening month because of oil and gas, especially in stocks and bonds. Then, consumer spending pushed stocks higher Thursday, easing investors’ jitters about the global economy and prompting them to consider how to invest in stock activity in 2015.

Volatility continues in the market even though consumer discretionary stocks are the biggest gainers. However, the time has arrived for expert predictors in economics and finance to start throwing their darts and forecast the market’s future.

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Transactions

Los Altos

1287 Fremont Avenue, I. Chico to M. & R. Sarin for $2,901,000

2737 Ramos Court, Cappelletti Trust to C. & P. Pires for $1,703,000

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Business Brief


Dietz

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.

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Last call for Maltby's Public House?: Longtime downtown restaurant unlikely to renew its lease


Town Crier File Photo
James Maltby, left, faces the likely closure of his 17-year-old downtown establishment, Maltby’s Public House, in January.

A longtime downtown Los Altos establishment may be in its final days of existence.

Maltby’s Public House owner James Maltby told the Town Crier that he will likely close his 17-year-old restaurant at 101 Plaza North after he couldn’t come to terms on a new lease agreement with his landlord last week. Maltby noted that a new lease agreement would have included a significant increase in his monthly rent payment. Maltby said he’s currently paying just shy of $11,000 per month, which he called “already a stretch.”

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