Sat08292015

Business & Real Estate

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.

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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.

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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.

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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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Five tips on supporting your 'boomerang' child

If you think raising a child was tough, wait until you have to raise an adult.

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Transactions

Los Altos/Los Altos Hills

10857 Barranca Drive, York Trust to Y. Chen for $1,850,000

1602 Belvoir Drive, Pataky Trust to M. Pataky for $702,000

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New State Street rug retailer has downtown Los Altos covered


Alicia Castro/Town Crier
Los Altos Rug Gallery owner Fahim Karimi stocks his State Street store with a wall-to-wall array of floor coverings.

A new downtown business owner plans to roll out the red carpet – along with rugs of every other color – for his shop at 366 State St.

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