Business & Real Estate


Los Altos/Los Altos Hills

635 Greenview Place, Klein Trust to Akhavan Trust for $2,300,000

591 Hollingsworth Drive, Keeth Trust to McLaren Trust for $4,300,000


Local realtors celebrate 2014 achievements

Photo courtesy of Silicon Valley Association of Realtors
Judy Hannemann, board chairwoman of JustREAD, accepts a check from Silicon Valley Realtors Charitable Foundation Trustee Susan Sweeley and SILVAR Los Altos/Mountain View District co-chairman Joe Brown.

Members of the Silicon Valley Association of Realtors’ Los Altos/Mountain View District celebrated the holidays recently with a breakfast at Los Altos Golf and Country Club.


Is there protection against rising rates?

On top of concerns that the stock market may be highly overvalued right now, investors also have to worry about their bond portfolios.

With interest rates continuing to hover near historic lows, bond investors worry that as rates rise, the value of their bonds will drop. We painfully experienced this effect in May 2013 when interest rates spiked by 0.75 percent in one week after Federal Reserve officials announced that they were thinking of tapering off the Fed’s quantitative easing program. Ten-year bonds dropped more than 7 percent that month, one of the largest monthly drops in a generation.


Pharmacy headed to 400 Main St.

Ellie Van houtte/Town Crier
Pharmaca Integrative Pharmacy is scheduled to open a new store in the Jeffrey A. Morris Group’s 400 Main St. project. The new location will open in late February.

A new tenant is slated to call the recently completed 400 Main St. development its new home early next year.

Colorado-based Pharmaca Integrative Pharmacy has signed a lease to open a new location at the Jeffrey A. Morris Group’s mixed-use development, according to a company spokesperson. A grand-opening date has been tentatively scheduled for Feb. 28.


Market's last week could be interesting

Investors are taking a long lunch these days as the Russian financial crisis looms and as they await a statement from Federal Reserve Chairwoman Janet Yellen on future direction.

Stocks went on a wild ride last week, with the Dow Jones industrial average moving more than 300 points in one day. Several noted analysts told investors to brace themselves for more turbulence and perhaps a significant decline in the near future.



Los Altos Hills

25333 La Loma Drive, Kersten Trust to C. & K. Welborn for $3,095,000

27724 Via Cerro Gordo, Rosso Trust to Sambucetto Management for $2,050,000


Your 2015 stock market game plan

It’s been a maddening month because of oil and gas, especially in stocks and bonds. Then, consumer spending pushed stocks higher Thursday, easing investors’ jitters about the global economy and prompting them to consider how to invest in stock activity in 2015.

Volatility continues in the market even though consumer discretionary stocks are the biggest gainers. However, the time has arrived for expert predictors in economics and finance to start throwing their darts and forecast the market’s future.


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