Wed04162014

Business & Real Estate

A little more elbow room : Expansion at State Street's Pompeii Ristorante nearly complete


Ellie Van Houtte/Town Crier
Pompeii Ristorante currently has a 46-seat capacity in its main dining room. Co-owner Gilbert Gutierrez, pictured, plans to add more than 20 seats by expanding into the space next door.

A project nearly two years in the making is about to cross the finish line.

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The market is bucking like a bronco

With the stock market down again last week as January came to a close, it set the tone for the Year of the Horse, which could be a contrary and unpredictable year. It will certainly be a volatile and bucking year for the horse.

Since World War II, when the market is down in January, the average usually remains flat in the following 11 months. This trend runs counter to many analysts’ forecasts this year, which predict that the market will rise by the end of 2014.

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Realtor report: Luxury home sales still rising

Silicon Valley’s luxury housing market capped a strong year in 2013 with sales edging up 8.9 percent in December over a year ago, according to a new report by Coldwell Banker Residential Brokerage.

The figures are based on Multiple Listing Service data of all homes sold for more than $1.5 million in December 2013 in Santa Clara County.

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Transactions

Los Altos

571 Gabilan Street, B. Miller to Gabilan Street Limited for $1,360,000

1705 Orr Court, S. & B. Tang to L. Pollack for $2,320,000

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On second thought : European Cobblery reverses course, stays in downtown Los Altos


Ellie Van Houtte/
Steven Oberhauser, background, looks on as his father-in-law, Paul Roth, repairs a pair of women’s shoes at the European Cobblery at 201 First St.Town Crier

A longtime Los Altos family business thought to be on its way out of the downtown area recently received a new lease on life. Actually, it just received a new lease – literally.

The European Cobblery owner Paul Roth told the Town Crier last week that his family’s business at 201 First St. is staying put after negotiating a new lease with property owner Passerelle Investment Co. The turn of events comes after the Roth family announced in November that it planned to end its 28-year stay in downtown Los Altos by closing the store at the end of January.

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