Wed09022015

Business & Real Estate

Businesses come, go, change hands on Main


Megan V. Winslow/Town Crier
Jacqueline Gladney of Los Altos recently assumed ownership of Gourmet Works on Main Street.

Blue Horse Saddlery emptied the contents of its shop at 169 Main St. last week, transitioning to an online-only retail presence.

Owner Sara Kenny noted on her website that she was seeking eventually to move the business to a smaller brick-and-mortar location. The equestrian supply store operated for six years in the space formerly occupied by Full Thread Ahead knitting shop.

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The plot thickens in Greece

Stock market averages in the U.S. have teetered back-and-forth on the recent headlines out of Greece. Sunday’s referendum is sure to generate more turmoil, as Greek voters defied Europe and rejected a bailout offer from creditors.

For the first time since 2010, the Dow Jones industrial average declined in the first half of the year, and the Standard & Poor’s 500 index experienced its worst first-half showing in five years. Last week, the Dow fell 1.21 percent to 17,730.11.

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Business Noteworthy


LA marketing CEO receives award

Los Altos marketing CEO Allison Taylor last month received recognition for a multicultural communication campaign.

Taylor, founder and CEO of Thought Marketing in Los Altos, accepted the Gold Stevie Award in the Communications or PR Campaign of the Year – Multicultural category at the 13th Annual American Business Awards June 22 in Chicago.

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Transactions

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Company installs EV charging stations at LAHS

07 01 15 SCH EVCharge 2981 fmt
Courtesy of Green Charge
Officials from Los Altos, Los Altos Hills and the Mountain View Los Altos Union High School District celebrate the installation of electric-vehicle charging stations at Los Altos High last week.

The Mountain View Los Altos Union High School District has found a new way to go green.

District officials recently authorized the installation of electric vehicle (EV) charging stations at Los Altos High School, capable of serving up to six cars at once. Green Charge Networks also installed an intelligent energy storage system last month and will share the expected energy savings with the district. There’s no upfront cost to the district for either component. 

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Property-tax valuations are coming, and they'll be high in Los Altos

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Price per square foot in Los Altos, 2008-2015

When homeowners receive their assessed home values this week, Los Altos area residents will see a nearly complete rebound from the recession and a continuing overall growth spurt.

The story isn’t the same in harder-hit regions such as Gilroy and Alum Rock, which continue to climb out from under the big price drop that began in 2008 – but still haven’t met their previous peak.

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Greece plays into short week

With the dog days of summer approaching, investors face a short workweek – the markets are closed Friday in observance of Independence Day.

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