Sun08022015

Business & Real Estate

New State Street rug retailer has downtown Los Altos covered


Alicia Castro/Town Crier
Los Altos Rug Gallery owner Fahim Karimi stocks his State Street store with a wall-to-wall array of floor coverings.

A new downtown business owner plans to roll out the red carpet – along with rugs of every other color – for his shop at 366 State St.

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Earnings drag down Dow

It was a hectic week – major averages fell more than 2 percent and the Dow Jones industrial average dropped nearly 3 percent, with commodities around the world getting crushed and affecting quarterly earnings.

Gold prices tumbled to a five-year low and U.S. oil prices dipped below $50 a barrel for the first time in three months. The U.S. dollar hit its highest level in three months, prompting increases in oil and gold prices.

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Transactions

Los Altos

356 Alicia Way, O. & M. Rye to M. & A. Bhagavat for $2,575,000

634 Cuesta Drive, Q. Wu to A. Gu for $2,350,000

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PAMF debuts cosmetic surgery center


John Ho/Special to the Town Crier
The Palo Alto Medical Foundation Center for Cosmetic Surgery at 715 Altos Oaks Drive is the organization’s first center focused solely on cosmetic procedures.

Los Altos’ newest medical office – the Palo Alto Medical Foundation Center for Cosmetic Surgery – may look great on the outside, but it’s what’s on the inside that counts.

“The design of the building was very intentional,” said Ben Maser, M.D., a plastic surgeon. “We wanted to keep it light. We wanted to be respectful of neighbors. The building has function in mind, but whenever we do one of these projects, we put safety and quality first.”

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Dow increases as fears fade

The Dow Jones industrial average rose 2 percent last week as worries about Greece and China faded and Wall Street’s attention shifted to the earnings-reporting season.

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Transactions

Los Altos

544 Cherry Avenue, Cherry Avenue Limited to S. & M. Cutler for $6,549,000

1911 Colleen Drive, Spiritu Sanctu to Boyd Trust for $2,070,000

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New Los Altos clinic focuses on supporting adults with ADHD


Becky Remmel/Special to the Town Crier
Phil Boissiere, from left, Dr. Lawrence Choy and Dr. Zaakir Yoonas co-founded Elite Focus Clinic.

While Silicon Valley has earned a reputation as a home for innovators and entrepreneurs, the co-founders of Elite Focus Clinic in Los Altos believe that some of the area’s brightest minds suffer from attention deficit hyperactivity disorder – and they’re here to help.

“You look at the people who come here – visionaries, creative types, people who really have big ideas – and there’s a correlation between creative aspects and aspects of ADHD,” said Zaakir Yoonas, M.D.

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