Thu04242014

Business & Real Estate

Cobblery makes short move next door: Longtime business relocating to State Street in May


Ellie Van Houtte/Town Crier
European Cobblery owner Paul Roth is relocating his business from 201 First St., above, to 385 State St. in May.

The European Cobblery, a family-owned and -operated shoe store, is relocating to a new home just a few months after a new lease kept it in Los Altos. As it turns out, however, it won’t be going very far.

Owner Paul Roth said he is moving his business next door to 385 State St., formerly the home of Jolie Madame nail salon, after calling 201 First St. home for nearly 30 years. He added that he’ll move the business into the new location in early May. Plans for the move came together shortly after he agreed to a new lease with property owner Passerelle Investment Co. in January. The new pact came just weeks after the longtime business announced its intention to close its Los Altos shop.

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A game plan for the market

Checking market volatility after its biggest weekly advance since last July, it might be time to review where investors have been and where they are now. The heart of the earnings-reporting season has arrived, with stocks at an impasse and biotechnology and Internet commerce impacting the market.

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Common sense tips to help avoid investment scams

The San Jose Mercury News recently reported that Michael Brendan Ferguson of Foster City was arrested for fleecing more than 100 investors out of millions via a Ponzi scheme involving ATM machines. One victim told the newspaper that she had lost her entire life savings, more than $750,000.

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Transactions

Los Altos

360 Apricot Lane, Griffin Trust to M. Zachary for $1,905,000

241 Biarritz Circle, Orsak Trust to H. Hwang for $2,425,000

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Distressed housing market continues to shrink

The share of distressed home sales in California is just a fraction of what it was during the recession because of the acceleration of home prices, according to the California Association of Realtors.

Of the reporting counties, Santa Clara is currently among those with the lowest share of distressed sales in the state.

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Local realtor honored for volunteer efforts


Ellie Van Houtte/Town Crier
Coldwell Banker recently recognized realtor Kim Copher, right, for her philanthropic efforts. Copher and colleague Alan Russell, left, volunteer at Reach Potential Movement, where they collect books for its Bookshelf in Every Home project.

Coldwell Banker Residential Mortgage highlighted Los Altos realtor Kim Copher’s community volunteer efforts at its 2014 GenBlue Silicon Valley conference, held April 1 in San Jose.

Copher’s colleagues recognized her for philanthropic endeavors past and present, including the donation of cosmetics and toiletries to local domestic-violence shelters and mentoring Los Altos High School students through the Rotary Club of Los Altos’ Youth Leadership Award program. In addition, conference participants lauded Copher for her work with the Mountain View Police Department delivering Thanksgiving dinners to low-income families, among many other efforts.

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Are we finally in a market correction?

Reviewing the volatile events of last week, with the market up one day and down the next, the Nasdaq composite index suffered its worst decline since 2011. So, are we in a secondary correction that begins to look like a bear market?

With the market down again Friday, a correction could be ahead in the range of 6 to 8 percent. We are due for one, and it will probably occur during the summer when the Federal Reserve begins tapering its bond-buying program and if corporate profits reach all-time highs and stocks are still expensive.

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