Sun03292015

Business & Real Estate

Transactions

Los Altos

1287 Fremont Avenue, I. Chico to M. & R. Sarin for $2,901,000

2737 Ramos Court, Cappelletti Trust to C. & P. Pires for $1,703,000

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Business Brief


Dietz

Investment group CEO named Entrepreneur of the Year

Traders Magazine recently named Stanford Investment Group Inc. (SIG) President and CEO Helen A. Dietz its Entrepreneur of the Year. The award is presented annually to an individual who pursues and succeeds in new ventures or businesses in financial markets.

“I’m truly honored to be named Entrepreneur of the Year,” said Dietz, who joined the Mountain View-based investment group in 1987 and became president and CEO in 2004. “This award is a reflection of the entire Stanford Investment Group team’s passion for our industry and commitment to our clients,” she said.

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Last call for Maltby's Public House?: Longtime downtown restaurant unlikely to renew its lease


Town Crier File Photo
James Maltby, left, faces the likely closure of his 17-year-old downtown establishment, Maltby’s Public House, in January.

A longtime downtown Los Altos establishment may be in its final days of existence.

Maltby’s Public House owner James Maltby told the Town Crier that he will likely close his 17-year-old restaurant at 101 Plaza North after he couldn’t come to terms on a new lease agreement with his landlord last week. Maltby noted that a new lease agreement would have included a significant increase in his monthly rent payment. Maltby said he’s currently paying just shy of $11,000 per month, which he called “already a stretch.”

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Stocks continue to set new highs

Investors tracking the Standard & Poor’s 500 index should feel good – it gained more than 250 points in the past eight weeks after its October lows. The Dow Jones industrial average is also setting records every week, thanks to increases in corporate earnings.

During this stock rise, we haven’t seen any confirmed sell signals, but the proverbial Doom and Gloom have always been a profitable business model for soothsayers. They have a receptive audience right now, because 2008 is still on their minds.

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Local realtors seek international designation

Twenty-three realtors recently attended the National Association of Realtors Certified International Property Specialist (CIPS) Institute offered by the Silicon Valley Association of Realtors (SILVAR).

Attendees included realtors from the local trade association and other realtor groups around the Bay Area. It was the third CIPS Institute offered to both members and nonmembers, providing them the opportunity to learn more about global real estate to serve their international clients more completely.

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IRS offers tips for year-end gifts to charity

Many people give to charity each year during the holiday season, however, there are several tax rules to be aware of before giving. Following are tips from the IRS to keep in mind.

• Qualified charities: You can only deduct gifts you donate to qualified charities. Use the IRS Select Check tool online to see if the group you contribute to is qualified. Remember that you can deduct donations to churches, synagogues, temples, mosques and government agencies. This is true even if Select Check does not list them in its database.

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IRS reports 2015 tax inflation adjustments

The IRS recently reported 2015 tax year inflation adjustments for more than 40 tax provisions of interest to most taxpayers.

• The tax rate of 39.6 percent affects singles whose income exceeds $413,200 ($464,850 for married taxpayers filing jointly), up from $406,750 and $457,600, respectively, in 2014. The other marginal rates – 10, 15, 25, 28, 33 and 35 percent – and the related income-tax thresholds are described in the revenue procedure.

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