Insider trading arrest alleges local CEO traded using family accounts

A Los Altos man arrested last week on charges related to insider trading allegedly traded his company’s stock based on nonpublic information he obtained on the job.

The U.S. District Attorney’s office charged Peter C. Chang, 59, with securities fraud and fraud in connection with a tender offer, estimating that he generated illegal profits in excess of $800,000.

Realtor groups partner with Housing Trust to help first-time homebuyers with $5K grant

Two local realtor associations are joining forces with Housing Trust Silicon Valley to provide $100,000 for closing costs to qualified first-time homebuyers. Housing Trust Silicon Valley will administer the Housing Affordability Fund First-Time Homebuyer Grant.

The Silicon Valley Association of Realtors and the Santa Clara County Association of Realtors saw an unmet need in assisting first-time homebuyers. The associations applied for and received a $100,000 grant from the California Association of Realtors Housing Affordability Fund. The Silicon Valley Realtors Charitable Foundation and the Santa Clara County Realtors Foundation, the charitable arms of the realtor groups, are both contributing the necessary operational funds to implement the grant.

Los Altos' Campi merges with Sotheby's real estate group

Los Altos-based Campi Properties Inc. is joining Golden Gate Sotheby’s International Realty, a merger that closes a chapter on one of the last independently owned real estate firms on the Peninsula.

Founder Gary Campi announced the merger with Sotheby’s Aug. 31 at the Stanford Park Hotel in Menlo Park. In a press release, Campi said the deal is “a natural evolution for the independent brokerage and a strategic expansion for Golden Gate Sotheby’s in one of the Bay Area’s most desirable real estate markets.”

Women Entrepreneurs of Los Altos hosts coming-out party


Elizabeth Barcelos/Town Crier
Women Entrepreneurs of Los Altos’ “WE Vibe Block Party” on First Street Saturday brings a lively atmosphere to a usually sleepy part of downtown.

Women Entrepreneurs of Los Altos hosted the “WE Vibe Block Party” on First Street Saturday, inviting local residents to meet the movers and shakers behind the city’s woman-owned businesses.

The event, which served as a coming-out party of sorts for the group, included live music, food trucks and workshops on topics such as “How to Use Instagram for Your Business,” “Positive Life Design through Journaling” and “3 Things You Must Do to Prepare for Presentations” – all taught by local women entrepreneurs.

Home improvement tips that every homeowner should know

A survey commissioned by Lightstream revealed that 59 percent of homeowners plan to spend money on home improvement projects this year. With home sales and prices trending upward nationwide, many homeowners are prepared to take on projects.

“A home improvement project can increase the value of your home,” said Denise Welsh, president of the Silicon Valley Association of Realtors. “It is just as valuable to homeowners who simply want to enjoy their home.”

New Toyota Research Institute eyes startups


 

Researchers are working on developing Toyota’s first driverless cars – and it’s happening just two miles from downtown Los Altos.

The Japanese company established its billion-dollar Toyota Research Institute in January 2016 on El Camino Real to expand on its exploration into robotics and artificial intelligence in regard to autonomous vehicles.


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