Business & Real Estate

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It wasn’t long ago when Wall Street set new daily highs, with the S&P 500 at 2,000.02 points, the Dow Jones industrial average at 17,138.20 – and the bulls sitting pretty.


Business Noteworthy

Los Altos design firm announces staff addition

IKB Design, Construction and Interiors recently hired veteran interior designer and business owner Lara Pai as business development manager and senior designer.

Pai joins the Los Altos-based IKB, which celebrated its 20th anniversary last year, after she served a host of Peninsula clients with interior design, remodeling and feng-shui services, starting in 1998.


Sweet Shop celebrates five-year anniversary

Ellie Van Houtte/Town Crier
The Sweet Shop at 994 Los Altos Ave. marks its fifth year in business Sept. 7. The shop is a popular after-school stop for families and students.

When Stacy Savides Sullivan opened the Sweet Shop at 994 Los Altos Ave. Aug. 26, 2009, she had one overriding goal in mind for her new business venture: Do more than just sell candy.

“It was really important for us from the beginning that we were more than just a place for sweets,” said Sullivan of her shop, the former home of Foodland. “This is a community gathering place.”


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A bullish trend has been reconfirmed, and the August lows will no longer represent significant points.



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


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.


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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