07282016Thu
Last updateWed, 27 Jul 2016 10am

Business Noteworthies

WomenSV leader among Women of Influence

Silicon Valley Business Journal is slated to honor Los Altos entrepreneur and women’s advocate Ruth Patrick May 5 as one of its 2016 Women of Influence.

Patrick leads Women-of-Means Escape Network – Silicon Valley. WomenSV seeks to break the cycle of domestic violence by helping women find a path to safety for themselves and their children.


Transactions

Los Altos

272 Covington Road, Field Trust to Wang Trust for $4,950,000

1520 Todd Street, Lopez Trust to J. Yiin for $1,910,000

Shopping local may score new buzzworthy benefits for buyers


Alicia Castro/Town Crier
Los Altos businesses are invited to use the customer-incentivizing app Buzzub as part of a proposed citywide loyalty program.

Los Altos business leaders are exploring the option of incentivizing what many residents already do – shop local.

Using the mobile app Buzzub, customers would earn cash-back rewards and coupons that could be used at any store in a new citywide loyalty network. Buzzub provides the tools to administer the program, and merchants maintain the ability to individually tailor their rewards and coupon offerings.

Veteran agents point out the shortcomings of tech-reliant housing transactions

In most cases, technology makes lives easier. If there is a downside, it’s in the area of customer service. Purchasing a toaster on Amazon is one thing, buying a home is another altogether.

“I think some listing agents are going with electronic submission because it simplifies their lives, often at the expense of doing the absolute best job for their clients,” said realtor John Barman, quoted in Alain Pinel Realtors’ fall 2015 publication for Midpeninsula residents. “Listening to and evaluating multiple offers takes a lot of time, but this personal touch often results in a better sales price and contract terms that closely match our sellers’ needs.”

Transactions

Los Altos/ Los Altos Hills

25800 Altamont Road, Fouesneau Trust to S. Goldberg for $3,400,000

1249 Heritage Court, McCanna Trust to G. Kwan for $2,520,000

IRS: Scammers change tactics

Aggressive and threatening phone calls by criminals impersonating IRS agents remain a threat to taxpayers, and now consumers are complaining about scammers calling under the guise of verifying tax-return information over the phone.

In the latest variation, scam artists call and claim that they have your tax return and need to verify a few details to process the return. They ask for personal information such as Social Security, bank account or credit card numbers.

Recent Coldwell Banker report: Luxury home sales decrease

Silicon Valley’s luxury housing market began 2016 with slightly lower home sales in January compared to a year ago, according to a report from Coldwell Banker Residential Brokerage.

Coldwell Banker’s monthly Silicon Valley Luxury Housing Market Report compiles and assesses data from Multiple Listing Service. Beginning this year, Coldwell Banker raised the threshold for luxury properties in its monthly analysis from $1.5 million to $2 million to reflect the changing dynamics of Silicon Valley’s high-end market.


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