Wed04162014

Business & Real Estate

Transactions

Los Altos

101 2nd Street #10, P. Wood to S. Fong for $890,000

38 3rd Street #106, Aasen Trust to S. & M. Firme for $805,000

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No slowing down : First Street hardware store owners celebrate 30 years in Los Altos


Ellie Van Houtte/Town Crier
Henry and Sue Nesmith, pictured with daughter Christina, are celebrating Los Altos True Value Hardware’s 30-year anniversary. The couple was inspired to open their own hardware store after learning how to flip houses while in college.

For Sue and Henry Nesmith, the seeds that led to the founding of Los Altos True Value Hardware can be found in a fixer-upper Menlo Park house, of all things.

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Quiet markets can determine decisions

The old Wall Street adage “Never short a quiet market” seems to be working, because we didn’t get anywhere with daily buys and sells last week. Large trading volume usually signals a rally to buy or sell.

Broadcaster and financial analyst Jim Cramer agrees that when the stock market looks horrible, resist the urge to sell. Selling into weakness is anything but strategic, according to Cramer, and sellers ultimately regret their decision.

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Transactions

Los Altos

40 Los Altos Square, Ablow Trust to Leslie Trust for $1,150,000

32 Lyell Street, Lyell Street Limited to J. & S. Smith for $1,349,000

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Sister act : Special-occasion shoe company founders aim to go big when giving back


Ellie Van Houtte/Town Crier
Jessica and Emily Leung, from left, recently announced the addition of a charitable division to their shoe company, Hey Lady. The former Los Altos High students started their company in 2009.

Entrepreneurial twins Emily and Jessica Leung are adding new titles to their resumes – budding philanthropists.

The sisters, Los Altos High Class of 1999 graduates who co-founded special-occasion shoe company Hey Lady in 2009, recently announced that they’re adding a charity division to their burgeoning business. The duo is kicking off its newest endeavor with a 45-minute charity spin class Tuesday at Stanford Shopping Center’s SoulCycle, titled “Whoop Cancer! Give Big! And Win a Date with Twins!” Proceeds from the event will benefit rare-cancer research and The Leukemia & Lymphoma Society.

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Is the market correction over?

Last week’s gains put the stock market back on track, prompting a question from investors: Is the stock market correction over?

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Transactions

Los Altos

32 Lyell Street, Lyell Street Limited to J. & S. Smith for $1,349,000

197 Sunkist Lane, Maris Trust to S. Wang for $1,930,000

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