07272016Wed
Last updateTue, 26 Jul 2016 5pm

Head of Honcho uncorks wine bar


Alicia Castro/Town Crier
Honcho proprietor Rod Newman recently opened the First Street wine and beer lounge with the vision of creating a comfortable place for adults to socialize.

At Honcho – a newly opened craft beer and wine lounge in downtown Los Altos – proprietor Rod Newman is all about reds, whites and relationships.

“I really enjoy interacting with people,” the Los Altos resident said. “My mother is a lifetime teacher – maybe I got that from her.”


Reviewing the year and forecasting the next

Some of the biggest gains in the “Town Crier 50” stocks in 2015 were also several best performing big-cap stocks.

Wall Street rallies after Fed move

After the U.S. Federal Reserve reported that it was raising its key policy rate for the first time in a decade Dec. 16, the stock market went positive as markets deemed the move dovish.

Transactions

Los Altos

10849 Barranca Drive, A. & R. Soohoo to S. Hsiung for $1,650,000

1636 Crestview Drive, James Trust to Lee Family Properties for $2,600,000

Five ways to extract the equity in your business

If you own a small business, chances are you expect to use the equity you’ve accumulated over the years to fund all or part of your retirement. The challenge is to structure the transfer in a manner that provides sufficient retirement income while minimizing both income and estate/gift taxes.

With these potentially conflicting goals in mind, following are a few approaches you might consider.

Business Noteworthy

Wemyss attends conference for top advisers

Edward Jones financial adviser Cynthia Wemyss of Los Altos attended Barron’s Top Women Advisors Summit in Palm Beach, Fla., Dec. 2-4 for the third consecutive year.

The conference, convened to enhance the professional development of those who work with individual investors, convenes the nation’s top women financial advisers and industry decision-makers.

Los Altos, MV realtors present donation to CSA

More than 100 realtors from the Silicon Valley Association of Realtors Los Altos/Mountain View District attended a holiday breakfast at Los Altos Golf & Country Club Dec. 11, honoring the district council and celebrating the recipient of a holiday gift.

The local realtor district endeavors to support the community throughout the year with fundraising events, service projects and scholarships. This month, the district presented a donation of $1,255 through member donations to Community Services Agency.


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