Wed11262014

Business & Real Estate

Transactions

Los Altos

633 Almond Avenue, D. Blackburn to A. Bourgan for $3,125,000

1417 Ernestine Lane, L. McAllister to M. Shing for $1,425,000

Read more...

Longtime banker readies for retirement


Ellie Van Houtte/Town Crier
Joanne Kavalaris is retiring at the end of October after spending the past 25 years of her banking career in downtown Los Altos.

A longtime Los Altos banker is calling it a career in a few weeks.

Joanne Kavalaris, Bank of the West’s downtown Los Altos branch vice president and manager, is scheduled to retire at the end of October after a 43-year career that began with First Interstate Bank in San Francisco’s Financial District.

Read more...

Investors happy with Fed moves

The stock market received the assurance it wanted from the Federal Reserve last week, and, to show appreciation, the market set new records. The Dow Jones industrial average continued its higher-closing trend Thursday and Friday.

Fed officials met last week and announced that they plan to keep the short-term interest rate near zero for a while longer – a boon to the market that should stimulate the economy and make stocks more attractive compared with bonds.

Read more...

Is that hedge fund really worth it?

One expert argues that hedge funds are overpriced, nontransparent and provide poor returns over time.

Simon Lack, author of “The Hedge Fund Mirage: The Illusion of Big Money and Why It’s Too Good to Be True” (Wiley, 2012) and previously a member of J.P. Morgan’s hedge fund due-diligence team, spoke at the CFA Institute’s annual conference in Seattle earlier this year. He explained that hedge funds suffer from some of the same problems as actively managed mutual funds. Their managers claim to be able to take advantage of market inefficiencies, improve diversification and provide lower correlations to more traditional investments. But the bigger the funds grow, the harder it becomes to make a difference

Read more...

Realtors share steps to repair identity theft

It can be a nightmare to repair the damage that occurs when you become an identity-theft victim. Not only can it cost a lot of time and money, but identity theft can also be very stressful to resolve, according to San Jose attorney Anita Steburg.

Last year, approximately 11 million Americans were victims of identity theft. Identities were stolen from mailboxes, trash bins and documents that contain driver’s license and credit card information. Security breaches at department stores and high-tech companies have made headlines recently.

Read more...

Report shows homeownership still builds wealth

A 2013 Federal Reserve survey revealed that homeownership declined over a span of three years, from 67.3 percent of families owning a primary residence in 2010 to 65.2 percent in 2013. However, the same study shows that homeowners are building more net worth than renters.

Read more...

Transactions

Los Altos

1570 Ben Roe Drive, AM Gaash Properties to Pegler Trust for $2,200,000

Mountain View

1111 Blackfield Way, Manser Trust to R. & C. Whitt for $1,720,000

Read more...

Schools »

Schools
Read More

Sports »

sports
Read More

People »

people
Read More

Special Sections »

Special Sections
Read More

Photos of Los Altos

photoshelter
Browse and buy photos