06282016Tue
Last updateFri, 24 Jun 2016 5pm

It's better to be a good – rather than a great – investor

Cliff Asness, co-founder of AQR Capital Management, once stated on Bloomberg Television, “I used to think being great at investing long-term was about genius. Genius is still good, but more and more, I think it’s about doing something reasonable, that makes sense, and then sticking to it with incredible fortitude through the tough times.”

In other words, you’d be better off long term by following a consistent, well-diversified investment strategy, regardless of what the markets are doing.


Passerelle reinvented with new name, leadership


Alicia Castro/Town Crier
Real estate developer and urban planner Kelly Snider is now leading Los Altos Community Investments, formerly known as Passerelle Investment Co., in its efforts to enhance downtown Los Altos through leasing storefronts to varied businesses that offer shopping and dining options.

The private real estate holding company known for its involvement in Los Altos projects and events now operates under a new name with a renewed direction.

Los Altos Community Investments, the former Passerelle Investment Co., will continue working with approximately 15 downtown retail tenants and their customers to keep Los Altos “unique, vibrant and family-friendly,” according to a press release issued last week by new managing director Kelly Snider.

Transactions

Los Altos

1946 Annette Lane, L. Stevens to S. & D. Haim for $2,525,000

1021 E. Rose Circle, N. Sailor to Jack Myers Construction for $2,002,000

DA's Office: Real estate fraud still runs rampant in Santa Clara County

The Santa Clara County District Attorney’s Office recently informed members of the Silicon Valley Association of Realtors that it is proactively investigating and prosecuting real estate-related fraud activities in the county.

Assistant District Attorney Charles Huang called on the realtors and their clients to report any suspicious activity directly to the DA’s unit for real estate fraud.

Sales of luxury homes in valley rise in February

Luxury home sales in Silicon Valley rose sharply in February from the previous month, though sales were off on a year-over-year basis, according to a new report from Coldwell Banker Residential Brokerage.

The figures are based on Multiple Listing Service data of all homes sold in February for more than $2 million in Santa Clara County.

Business Briefs

City seeks info on shopping, dining

Using a public engagement forum accessible through the city of Los Altos’ website, civic leaders seek to understand more about where residents like to shop and dine.

Economic development staff will use the information to support local retailers and ensure that the goods and services offered in Los Altos meet residents’ needs. Further understanding what drives shoppers outside of Los Altos may also help bring desired retail to the city, according to the city’s introduction to the survey.

Successful first year in business for Enchanté


Heather Lussier of poshpoochportraits.com/
Special to the Town Crier
Abigail Ahrens opened Enchanté Boutique Hotel last March with a keen eye for French flair and a playful nod to puppy love.

A year after opening the doors to Enchanté Boutique Hotel, proprietor Abigail Ahrens has her eyes on its renaissance.

“My job is to keep coming up with things that would have the community involved and make a difference,” said the longtime Los Altos resident and lifelong Francophile.


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