06262016Sun
Last updateFri, 24 Jun 2016 5pm

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Los Altos

10701 Baxter Avenue, K. Wang to R. Pilani for $2,100,000

930 Carmel Court, R. Tan to I. & I. Agam for $2,725,000


Is the market correcting itself?

With daily volatility, the stock market has made numerous attempts at rallies the past year, but they have fallen flat because of the Chinese economy, plunging oil prices and U.S. Federal Reserve actions.

Longtime cafe to close at month's end


Alicia Castro/Town Crier
Main Street Cafe, known as a community gathering space in downtown Los Altos, is set to close at the end of January with the expiration of the lease agreement.

This month will be the final chapter for Main Street Cafe.

The lease agreement between landlords Paul and Liz Nyberg and tenant Jamie Tomaselli expires Jan. 31 and will not be renewed, according to the Nybergs.

Don't bail out just yet

 

The Dow Jones industrial average finished the first week of 2016 down 6.19 percent, its worst five-day kickoff to any year ever. With the Dow finishing the week 11 percent off its all-time high, stocks are now in bear-market territory, and investors hope the selling is over.

Transactions

Los Altos

1997 Colleen Drive, D. & B. Hanz to D. & J. Han for $2,070,000

220 De Anza Lane, M. Dunn to R. Moreira for $2,610,000

Definitive stock predictions for 2016

Now that the dust has settled on 2015, it’s time to enjoy the flood of predictions coming from well-known (and not-so-well-known) experts on stock market performance for 2016. I did a quick scan and came up with the following.

•┬áJulian Emanuel, a strategist at UBS global finance services company, expects the Standard & Poor’s 500 index to end 2016 at 2,275 amid modest earnings growth and rising interest rates, according to Forbes. That translates to an estimated 11 percent return for the year.

Ceramicist gives new way to clay


Alicia Castro/Town Crier
Los Altos potter Hila Itzhak, who recently moved to the area from Israel, brings her passion for ceramics and techniques of the trade.

Los Altos potter Hila Itzhak knows the unpredictable power of the kiln, and she can handle the heat.

“It’s like a beast,” she said of the oven chamber. “You put something in, and you don’t know how it’s going to come out. When you learn to accept that, you love it.”


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