Mon12222014

Business & Real Estate

Fed will move cautiously on rates

Another closing high for the S&P 500 and Dow Jones industrial average, within 1 percent of all-time highs, is not what investors expected for August. Historically, August has been an underperforming month.

A bullish trend has been reconfirmed, and the August lows will no longer represent significant points.

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Transactions

Los Altos

1034 Highlands Circle, Ryan Trust to Anderson Trust for $1,960,000

40 Oak Street, E. Johnson to J. Wood for $2,750,000

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From Google to First Street: Massage therapist sets up studio in downtown Los Altos


Ellie Van Houtte/Town Crier
Upuia Ahkiong is slated to open Kua Body Studios next month at 106 First St. Ahkiong is sharing space with Evolve Classical Pilates.

A massage therapist with ties to Google Inc. is slated to open a new – and shared – studio at 106 First St.

Upuia Ahkiong is scheduled to open Kua Body Studios Sept. 5 as part of a grand-opening weekend celebration. Ahkiong, who previously spent 10 years as the massage therapist for Google, plans to share studio space with an existing Los Altos business – Evolve Classical Pilates.

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Ukraine unrest upsets stocks again

Stocks fell big-time Friday, erasing three days of gains on the Dow Jones industrial average after Ukrainian forces engaged a Russian armored column on Ukrainian land. The Dow plummeted more than 100 points before noon.

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Transactions

Los Altos

1932 Alford Avenue, Marietta Trust to B. & M. Po for $1,700,000

10 Alma Court, Burrill Enterprises to C. & A. Ing for $2,660,000

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Does recent SEC action make money market funds riskier?

Editor’s note: This is the first in a two-part series on money market funds.

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Torrey Pines Bank names regional president


Ellie Van Houtte/Town Crier
Torrey Pines Bank recently named Fred Voss its regional president for the Bay Area. The bank has branches at 20 First St. in Los Altos, above, and in Oakland and Southern California.

Torrey Pines Bank last week appointed Fred Voss regional president of the San Francisco Bay Area market.

Voss will be responsible for growing the bank’s market share in the Bay Area, and will lead area teams in providing commercial banking services for growth-oriented business owners, real estate investors and professionals. Voss is a 25-year banking industry veteran with senior-level experience in business banking, commercial lending and relationship development.

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