06262016Sun
Last updateFri, 24 Jun 2016 5pm

Business Brief

City hosts discussion with local merchants

Los Altos Economic Development Manager Jennifer Quinn has scheduled a Business Coffee Chat with merchants 12:30-2 p.m. Tuesday at Curves, 2069 Grant Road, Los Altos.

Quinn will present a summary of current economic development activity, and she invites business owners to share their obstacles and requests for city support.


Farmers prepare to market season's bounty


Alicia Castro/Town Crier
Journeyman farmer Jen Friedlander waters Hidden Villa’s greenhouse plants, which will grow stronger in the controlled indoor environment before being transferred to the field outdoors.

Around Hidden Villa, the greenhouse is known as the “year in miniature.”

Tomatoes, peppers, eggplants and the like flourish as small starter plants in the muggy heat – eventually to be transferred to the ground outdoors in warmer days and then harvested at peak ripeness.

Transactions

Los Altos

1554 Clay Drive, T. & V. Leborgne to K. Rao for $2,740,000

4388 El Camino Real No. 228, E. Mack to Evergreen Emerald Jade Trust for $1,326,000

Consequences of negative interest rates vary

Since the crisis of 2008, the U.S. Federal Reserve has used quantitative easing to stimulate the economy. This approach involves purchasing a significant volume of bonds to drive up bond prices and reduce interest rates, with the expectation that lower rates will stimulate demand for more borrowing and consequently more liquidity flowing throughout the economy.

Hidden Villa yield available in shares


Couresty of Hidden Villa
Weekly produce shares from Hidden Villa spotlight the season’s offerings.

Local residents can sign up to receive weekly boxes of seasonal fruits and vegetables from mid-May through Thanksgiving via Hidden Villa’s Community Supported Agriculture (CSA) Program.

Participants pick up their produce at the Los Altos Hills farm or one of its drop-off locations in Los Altos or Palo Alto.

Silicon Valley home sales and prices accelerate in month of March

California home sales rose in March compared with the previous month and year, posting the highest sales pace in six months.

Tight housing supply and high demand for homes also pushed home prices higher last month, according to the latest report from the California Association of Realtors (CAR). The local picture mirrors that of the state, as the upward trend continues to be driven by strong job growth, the limited supply of housing and high demand for homes in the region.

NowRx: Pharmacy offers home delivery


Megan V. Winslow/Town Crier
NowRx CEO Cary Breese, from left, pharmacist Melissa Bostock, delivery driver Ricky Massie and Chief Technology Officer Sumeet Sheokand pose among the company’s prescription medication inventory at the Mountain View location.

There was a two-week span in early 2015 when Cary Breese spent nearly every night in line at the same CVS pharmacy.

“I’d grab a bunch of items and put them in my hands and stand in line, and then I’d talk to a few people and put them all away again,” Breese said.


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