Sun05242015

Business & Real Estate

Market still on track for weekly gains

After four days of nice gains last week, the bulls struggled to make it five – without success. Even with a loss Friday, the major indexes were still on track for solid weekly gains.

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Transactions

Los Altos

1621 Kingston Court, Li Trust to Y. Kim for $2,250,000

624 Loyola Drive, K. Washington to P. He for $2,398,500

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Cassidy Turley, DTZ plan to combine


Ellie Van Houtte/Town Crier
Cassidy Turley, which has offices at 339 S. San Antonio Road, is combining with DTZ following its recent acquisition.

Commercial real estate services companies DTZ and Cassidy Turley have joined forces to operate as a single global firm.

The announcement of the merger plans came last week following the completion of the acquisition of Cassidy Turley by a private equity investment consortium backed by TPG Capital, PAG Asia Capital and Ontario Teachers’ Pension Plan. The consortium acquired DTZ last November.

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S&P 500 takes rare dip last week

U.S. stocks dropped for the fifth straight day Thursday, with declines attributed to a different reason each day. Wall Street braced for further losses Friday.

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Transactions

Los Altos/Los Altos Hills

1621 Kingston Court, Li Trust to Y. Kim for $2,250,000

624 Loyola Drive, K. Washington to P. He for $2,398,500

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Downtown hotel to host open house


Ellie Van Houtte/Town Crier
The French-inspired Enchanté Boutique Hotel at 1 Main St. is slated to host an open house Saturday.

Developer Abby Ahrens’ quest to bring a hotel to downtown Los Altos will soon become reality.

Ahrens has scheduled an open house 4:30-7 p.m. Saturday at her recently completed Enchanté Boutique Hotel at 1 Main St.

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Look for stocks to go on the rise again

Predicting the timing for the end of a bull market is an impossible task, and anyone with credibility avoids it. However, the stock market is currently highly volatile because of interest rates, world oil pricing, jobs growth and a surprising economy.

When the market dropped more than 1,000 points after Santa returned home, numerous forecasters predicted that by the end of 2015, there would be plus signs in front of many asset classes, including the stock market.

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