Business & Real Estate

Stay cautious in August

The bears tried their best to knock down the Dow Jones industrial average last week, but the bulls came out feeling chipper as the Dow increased 0.7 percent to 17,477.40 and rebounded from the Chinese currency devaluation.

But we still have the month of August to endure.



Los Altos/Los Altos Hills

705 Casita Way, M. Dulleck to Yen-Ko Trust for $2,609,000

693 Hollingsworth Drive, W. Lynch to W. Zhang for $1,938,000


Business Briefs

Alicia Castro/Town Crier
Miriam Ortiz and Alan Svozil groom pups of all shapes and sizes.

Barking Lot back on First St.

The Barking Lot has returned to downtown Los Altos in a shared space with Beaugay’s Pet Grooming at 386 First St.

Before settling at the new address, the salon temporarily moved from its original location at the corner of San Antonio Road and First Street to Fremont Avenue.


Sandwiches, community and a whole lotta love

Alex Barreira/Town Crier
Alotta’s Deli & Catering co-owners Mike Mansch, above, and his wife Joanne have served fresh bread and sandwiches in south Los Altos since 1985.

While businesses come and go in downtown Los Altos, one family-owned eatery has stood the test of time for decades in its corner of town.

Mike and Joanne Mansch, the husband-wife team behind Alotta’s Deli & Catering in south Los Altos, this year celebrate their 30th anniversary of ownership.


Oil prices drive market down

Welcome to the month of August, which is usually characterized by seasonal profit-taking and a low-liquidity environment.

The market was off 1.8 percent last week, ending in a seven-day losing streak. The continuing slump in oil prices and a growing feeling that the U.S. Federal Reserve will raise interest rates in September contributed to the decline.


Cetrella ventures from seaside to Silicon Valley

Alicia Castro/Town Crier
Managing partner M’hamed Bahet oversees the new downtown Los Altos restaurant Cetrella, which features coastal cuisine and decor that celebrates the Peninsula region.

“Rustic,” “worldly” and “free-spirited” aren’t typical descriptors for what’s on the dinner plate, but a new downtown restaurant intends to serve just that in both meals and milieu.

Cetrella Los Altos – offering Mediterranean-rim and California coastal cuisine – is slated to open for dinner Aug. 11 at 400 Main St.

Already a mainstay in Half Moon Bay, the award-winning restaurant sources local growers and purveyors for seasonal dishes specific to the region. Restaurant leadership will keep many of the features of the seaside location but plans to extend hours and boost menu options.


Earnings pull down Dow

After stocks closed down the final trading day of July, numerous market watchers issued a warning to investors: Prepare for a slowdown in the market because of discouraging reaction to the June-quarter returns.

While earnings season began with positive surprises, as more companies report, the broad market continues to move lower. It is the time of year when the market usually sells off a bit. History reminds investors that August and September are traditionally unpleasant months for the market.


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