Mon10202014

Business & Real Estate

SILVAR offers earthquake safety tips

In light of the 6.0-magnitude earthquake that struck the Napa Valley region last month, the Silicon Valley Association of Realtors reminds homeowners to follow safety measures in the event of another earthquake.

“The majority of Californians live within 20 miles of a major earthquake fault, yet most of us tend to be lackadaisical about earthquake safety,” said SILVAR President David Tonna. “Being prepared could save your life.”

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Fewer distressed sales lead to shift in investor interests

California’s recovering economy – with higher home prices and fewer distressed sales – has shifted investor interest to properties outside the Bay Area, where they hope to find better deals.

The California Association of Realtors 2014 Investor Survey reports that 15 percent of investors purchased properties in Northern California in 2014, down from 27 percent in 2013. In 2014, 40 percent of investors purchased properties in Southern California, down from 50 percent last year. Nearly half (45 percent) of investors purchased properties in Sacramento, San Joaquin, Fresno, Kern, Merced and Tulare counties, up from 27 percent in 2013.

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Transitioning from postage to pets


Ellie Van Houtte/Town Crier
A new Pet Food Express store is scheduled to open at the Blossom Valley Shopping Center this month.

A site that previously existed to meet postal service needs will soon have an entirely different purpose – serving pets.

Northern California pet food retailer Pet Food Express is slated to open its newest location Thursday at 1768 Miramonte Ave. in Mountain View – formerly the longtime home of the U.S. Postal Service’s Blossom Valley branch. The new Blossom Valley Shopping Center store will be the 54th for the privately held company, founded by former dog trainer Michael Levy and his business partner, Mark Witriol, in 1986.

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Time to follow the Dow transports

If you feel the market has reached the top and volatility makes you want to dump your portfolio, keep in mind the bulls are still around.

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Transactions

Los Altos

37 Farm Road, G. Ivanitsky to A. Park for $1,175,000

1124 Fremont Avenue, Weeks Trust to H. Browne for $2,250,000

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Modern art exhibit comes to Los Altos: Passerelle teams with Christie's on pop-up venture


images courtesy of Christie’s 2014
Christie’s auction house will host a pop-up exhibit Sept. 10-18 in downtown Los Altos. Works on display will include Roy Lichtenstein’s “Girl in Mirror,” valued at $2 to 3 million and a 2013 untitled work by Korakrit Arunanondchai.

The Los Altos-based Passerelle Investment Co. is teaming up with Christie’s auction house to host a pop-up exhibition of post-war and contemporary art Sept. 10-18 at 359 and 242 State St. in downtown Los Altos.

The event will showcase major works by Roy Lichtenstein, Jasper Johns, Richard Diebenkorn and Tracey Emin, as well as contemporary art. Displays will feature highlights from the coming auction season and works of art to be offered for private sale.

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Are Money Market Funds Still Safe? (Part 2)

Editor’s note: This is the second in a two-part series on money market funds.

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