Fri10242014

Business & Real Estate

Transactions

Los Altos

510 Alicia Way, J. & M. Moon to A. & M. Narasimha for $2,450,000

881 Parma Way, X. Huo to A. Chung for $3,650,000

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Stylist celebrates 15 years in Los Altos


Ellie Van Houtte/Town Crier
Eric Ringo opened his business at 349 Plaza South 15 years ago after working for a salon in Palo Alto for nearly 10 years.

When hair stylist Eric Ringo opened his salon in June 2000, he didn’t look too far into the future.

Fresh off a near decade-long stint working as a hired stylist in a now-defunct Palo Alto salon, Ringo was simply inspired by the idea of opening a business and growing it into something he could call his own.

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Record highs keep on coming

Last week resulted in another good run for the market. Thursday ended with record highs, with the Dow Jones industrial average up nearly 0.60 percent, the Nasdaq up 1.05 percent and the S&P 500 index up 0.65 percent. By noon Friday, more records shattered as the Dow edged up another 0.40 percent.

With the indexes reaching all-time highs, the majority money opinion is positive, but investors’ enthusiasm may be exhausted and a correction could be coming.

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Are index funds really less expensive?

When it comes to investing, there are many things we cannot control. For example, we cannot control, let alone predict, investment returns. On the other hand, there are things we can and should control, such as the costs of our investments.

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SILVAR gives scholarships to high school seniors

The Silicon Valley Realtors Charitable Foundation recently presented scholarships to 18 graduating seniors during awards night at the students’ respective schools.

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Transactions

Los Altos

124 Bridgton Court, J. & K. Buckley to Lauterbach Trust for $5,750,000

1240 Carmel Terrace, Schwarz Trust to N. & D. Hod for $1,865,000

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Local development sold out in four months


Ellie Van Houtte/ Town Crier
Lennar Homes’ 38-unit Sherwood townhouse development sold out in approximately four months. The homes, ranging from $1.1 million to $1.4 million, are located off Sherwood Avenue, between El Camino Real and San Antonio Road in Los Altos.

Buyers looking for a townhouse in Los Altos can probably scratch Lennar Corp. Homes’ Sherwood development off their lists.

According to Lennar sales associate Sierra Legner, the 38-unit townhouse development – located off Sherwood Avenue between San Antonio Road and El Camino Real – closed its final sale last week after approximately four months on the market. She credited a familiar theme for the quick sales of the townhomes: location and schools.

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