Mon10202014

Business & Real Estate

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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Market looks for new milestones

With the first half of the year gone, Wall Street analysts are looking for a big rebound in the second half. Earnings reports start arriving this month, and investors expect second-quarter profits to rise 5.4 percent over a year ago.

The Dow Jones industrial average reached nearly 17,000 last quarter, and the S&P 500 is only 40 points from 2,000, up 5 percent for the year. Even with daily market ups and downs, the next two quarters look favorable.

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Annuities are not always a bad thing

Annuities have received some bad press in the financial planning community. They tend to be denigrated because of their cost – “They have way too many fees, many of them hidden” – or because they are not hedged against inflation, effectively reducing their usefulness at exactly the time (later in life) when they’re designed to provide the most value.

What’s important to recognize is that not all annuities are the same, and that allocating a portion of your retirement portfolio to two types in particular can provide better longevity protection than investing solely in stocks and bonds.

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Transactions

Los Altos

22266 Hartman Drive, J. Rickert to D. & D. Schannon for $2,300,000

539 Los Niños Way, Robinson Trust to P. & C. Lehmann for $2,500,000

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Apothecary takes back-to-nature approach


Ellie Van Houtte/Town Crier
Natalia Zatarian joins the ranks of Los Altos business owners with the opening of EarthBeauty Apothecary at 271 State St. An esthetician by trade, Zatarian sells several lines of organic, cruelty-free wellness and beauty products.

For the past two years, Natalia Zatarian dreamed of opening a natural wellness and beauty store. She didn’t think, however, that it would happen so soon – as in last week.

Zatarian, a 26-year-old esthetician and makeup artist, opened EarthBeauty Apothecary at 271 State St. Friday, offering body, hair care and lifestyle products she said are organic, cruelty-free and “as chemical-free as possible.”

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Market still follows Fed Reserve moves

After Federal Reserve Chairwoman Janet Yellen last week said the economic outlook appeared positive and hinted that interest rates would remain low through 2016, the market continued toward more new highs.

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