Sat10252014

Business & Real Estate

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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Keep looking for buying opportunities

It wasn’t long ago when Wall Street set new daily highs, with the S&P 500 at 2,000.02 points, the Dow Jones industrial average at 17,138.20 – and the bulls sitting pretty.

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Business Noteworthy

Los Altos design firm announces staff addition

IKB Design, Construction and Interiors recently hired veteran interior designer and business owner Lara Pai as business development manager and senior designer.

Pai joins the Los Altos-based IKB, which celebrated its 20th anniversary last year, after she served a host of Peninsula clients with interior design, remodeling and feng-shui services, starting in 1998.

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Sweet Shop celebrates five-year anniversary


Ellie Van Houtte/Town Crier
The Sweet Shop at 994 Los Altos Ave. marks its fifth year in business Sept. 7. The shop is a popular after-school stop for families and students.

When Stacy Savides Sullivan opened the Sweet Shop at 994 Los Altos Ave. Aug. 26, 2009, she had one overriding goal in mind for her new business venture: Do more than just sell candy.

“It was really important for us from the beginning that we were more than just a place for sweets,” said Sullivan of her shop, the former home of Foodland. “This is a community gathering place.”

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Fed will move cautiously on rates

Another closing high for the S&P 500 and Dow Jones industrial average, within 1 percent of all-time highs, is not what investors expected for August. Historically, August has been an underperforming month.

A bullish trend has been reconfirmed, and the August lows will no longer represent significant points.

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