Wed10012014

Business & Real Estate

Brace for quarterly earnings surprises

Starting this week, we are headed into the earnings season, which could bring some healthy – and unhealthy – surprises. The market remains bullish, and it would need to suffer a significant correction over the next three to 10 weeks to become bearish.

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Transactions

Los Altos

1550 Canterbury Way, Morgan Trust to J. & R. Levin for $1,898,000

4746 El Camino Real, Lennar Homes to C. Chow for $1,311,000

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Campi continues to thrive at 25


Diego Abeloos/Town Crier
Gary and Karen Campi started Campi Properties, Inc. after a partnership split in 1989. The couple has lived in Los Altos since the mid-1970s.

A real estate company that established its roots in Los Altos before the emergence of the iPhone – or the boom and bust times of the Bay Area dot-com scene, for that matter – has turned 25.

Campi Properties Inc. founders Gary and Karen Campi recently celebrated their company’s two-and-a-half-decade stay in Los Altos. It started with a partnership split (formerly Eckert & Campi) and was up and running within one week with more than a dozen agents operating in a small office rented from a local title company.

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Dow Jones average exceeds 17,000

July is a cool time to own stocks. If you’re thinking of going on vacation to a sandy beach, you better keep in touch. The Dow Jones industrial average topped 17,000 for the first time Thursday on a bullish June jobs report.

With the market closed Friday for Fourth of July, Thursday the Dow was up 92.02 points at a record-high 17,068.26. The S&P 500 closed at 1,985.44, just short of a new 52-week high.

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Realtor association issues wire-fraud alert

The Silicon Valley Association of Realtors is alerting buyers and sellers to a recent scheme that involves the wiring of funds directly to escrow.

Potential buyers have received emails allegedly from a title company or attorney providing wire information to transmit earnest money for an upcoming transaction. Hackers have intercepted the messages and altered the account information in emails to redirect the buyer’s funds to the hackers’ account.

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Transactions

Los Altos

687 Camellia Way, Boyd Trust to Delprete Trust for $2,350,000

11490 Crestridge Drive, R. & C. Gerughty to K. Barr for $2,800,000

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Big changes ahead for local interior designer


Ellie Van Houtte/Town Crier
Spectrum Interior Design owner Amy Fischer, right, recently expanded her company’s services and named Debi Campbell, left, her new procurement director.

Los Altos native Amy Fischer’s vision is getting a little bigger.

Fischer, owner of Spectrum Interior Design Inc. at 425 First St., announced in early June the expansion of her company’s services that aim to “encompass every facet of design, from blueprint review through finishing touches.”

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