Wed05062015

Business & Real Estate

SILVAR recognized for global achievement


courtesy of SILVAR
SILVAR’s Paul Cardus, left, and David Tonna display the organization’s NAR Platinum Awards.

The National Association of Realtors recognized the Silicon Valley Association of Realtors (SILVAR) for the second time with its NAR Platinum Award, part of its Global Achievement Program.

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Transactions

Los Altos

120 Catalina Court, G. & C. Scrivano to S. & N. Shah for $3,162,500

960 Crooked Creek Drive, E. & K. Nadir to A. Sharma for $2,100,000

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Business Brief


Rendering courtesy of Sares Regis Group

Exercise studio coming to Colonnade

Exercise studio barre3 is scheduled to open next year at the Colonnade development at 4750 El Camino Real in Los Altos, pictured above.

The studio – which combines ballet with yoga and Pilates – has leased 1,460 square feet of retail space in the development, which will include 167 apartment units, 38 townhouses and retail once completed. The studio is the third business to sign on at the Colonnade – joining The Vitamin Shoppe and Jos. A. Bank.

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State Street science center closing Nov. 30


Ellie Van Houtte/
Helix at 316 State St. is closing after the completion of a one-year grant from Passerelle Investment Co. The science center became a popular destination because of its various exhibits. Town Crier

A popular downtown destination for science lovers and curious folks is leaving Los Altos.

In a letter to customers earlier this month, Helix by Exploratorium Director Anne Richardson announced that the science center at 316 State St. is closing its doors Nov. 30.

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Optimism produces stock highs

There’s been a lot of upward stock momentum in recent days. The Dow Jones industrial average set another record Thursday when it closed at 17,652.79 – the 25th time the market posted a new high this year.

These record highs reveal the optimism expressed by investors when they call their brokers. Bullishness is at its highest level since December 2010, while the bearish sentiment predicting that the markets will fall over the next six months has risen to 19.3 percent.

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Transactions

Los Altos

385 Anita Avenue, V. & C. Sarkissian to Peruri Trust for $1,950,000

594 Avon Way, Nash Trust to Zhu & Xia Trust for $2,602,000

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Bulls continue to drive the market

Our friendly bull visited the market again Oct. 31 and stayed active all last week with new highs each day. When the Dow Jones industrial and transportation averages reach all-time highs simultaneously, it reconfirms a bullish trend.

What makes the market look particularly good is the 10-year Treasury yield, presently at 2.32 percent.

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