Fri11282014

Business & Real Estate

Campi continues to thrive at 25


Diego Abeloos/Town Crier
Gary and Karen Campi started Campi Properties, Inc. after a partnership split in 1989. The couple has lived in Los Altos since the mid-1970s.

A real estate company that established its roots in Los Altos before the emergence of the iPhone – or the boom and bust times of the Bay Area dot-com scene, for that matter – has turned 25.

Campi Properties Inc. founders Gary and Karen Campi recently celebrated their company’s two-and-a-half-decade stay in Los Altos. It started with a partnership split (formerly Eckert & Campi) and was up and running within one week with more than a dozen agents operating in a small office rented from a local title company.

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Dow Jones average exceeds 17,000

July is a cool time to own stocks. If you’re thinking of going on vacation to a sandy beach, you better keep in touch. The Dow Jones industrial average topped 17,000 for the first time Thursday on a bullish June jobs report.

With the market closed Friday for Fourth of July, Thursday the Dow was up 92.02 points at a record-high 17,068.26. The S&P 500 closed at 1,985.44, just short of a new 52-week high.

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Realtor association issues wire-fraud alert

The Silicon Valley Association of Realtors is alerting buyers and sellers to a recent scheme that involves the wiring of funds directly to escrow.

Potential buyers have received emails allegedly from a title company or attorney providing wire information to transmit earnest money for an upcoming transaction. Hackers have intercepted the messages and altered the account information in emails to redirect the buyer’s funds to the hackers’ account.

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Transactions

Los Altos

687 Camellia Way, Boyd Trust to Delprete Trust for $2,350,000

11490 Crestridge Drive, R. & C. Gerughty to K. Barr for $2,800,000

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Big changes ahead for local interior designer


Ellie Van Houtte/Town Crier
Spectrum Interior Design owner Amy Fischer, right, recently expanded her company’s services and named Debi Campbell, left, her new procurement director.

Los Altos native Amy Fischer’s vision is getting a little bigger.

Fischer, owner of Spectrum Interior Design Inc. at 425 First St., announced in early June the expansion of her company’s services that aim to “encompass every facet of design, from blueprint review through finishing touches.”

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Market looks for new milestones

With the first half of the year gone, Wall Street analysts are looking for a big rebound in the second half. Earnings reports start arriving this month, and investors expect second-quarter profits to rise 5.4 percent over a year ago.

The Dow Jones industrial average reached nearly 17,000 last quarter, and the S&P 500 is only 40 points from 2,000, up 5 percent for the year. Even with daily market ups and downs, the next two quarters look favorable.

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Annuities are not always a bad thing

Annuities have received some bad press in the financial planning community. They tend to be denigrated because of their cost – “They have way too many fees, many of them hidden” – or because they are not hedged against inflation, effectively reducing their usefulness at exactly the time (later in life) when they’re designed to provide the most value.

What’s important to recognize is that not all annuities are the same, and that allocating a portion of your retirement portfolio to two types in particular can provide better longevity protection than investing solely in stocks and bonds.

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