SV luxury home sales rise in September

The Silicon Valley luxury home market experienced a gain in total sales in September year-over-year, according to a report by Coldwell Banker Residential Brokerage.

A total of 59 residential properties priced $3 million and higher were sold in September, a 40 percent increase from 42 sales in September 2016. The median price for luxury properties sold in September dipped to $3.5 million from $3.875 million in September 2016, a slip of 9.7 percent. The totals are based on sales transactions recorded in Santa Clara County by the Multiple Listing Service.

Keller Williams plans to open Los Altos realty office in new year

Keller Williams Bay Area Estates will expand to Los Altos in early 2018, adding to the realty company’s offices in Los Gatos, Saratoga, Carmel, Burlingame and San Francisco.

According to Mark von Kaenel, operating partner at Keller Williams, extending the company’s services into Los Altos makes good business sense.

Despite high salaries, Santa Clara County ranks low nationally in discretionary income

Trove Technologies Inc. recently released a study revealing that California ranks third worst among states in discretionary income, despite boasting the fourth highest salaries.

Santa Clara County, along with five other California cities – San Francisco, Sacramento, Riverside, Los Angeles and San Diego – ranks among the bottom 10 major areas nationwide for discretionary income.

Former Los Altos hedge fund manager Sangeeth Peruri collects major settlement from employer


 

To this day, Sangeeth Peruri doesn’t know why he was fired.

“You’re going to work every day, then you stop going to work,” said the Los Altos resident last month. “How do you explain to your kids why you don’t have a job anymore?”

Mtn. View's World Savings Plaza on the market

World Savings Plaza, the Mountain View shopping center at the intersection of San Antonio Road and El Camino Real anchored by Sprouts Farmers Market, is up for sale.

Marcus & Millichap will serve as exclusive adviser for the sale of the 2.8-acre, 34,700-square-foot center, which houses a mix of national retailers and local tenants.

The face of San Antonio Road set to evolve in coming months


Megan V. Winslow/Town Crier
High rises loom over familiar views of the Milk Pail Market and Jo-Ann Fabrics and Crafts as construction continues apace at The Village at San Antonio Center in Mountain View.

Phase 2 of the high-profile Village at San Antonio Center continues to move toward a 2018 completion, according to a representative from the developer, the San Francisco-based Merlone Geier Partners.

The center, located on 20 acres at San Antonio Road and El Camino Real, already has a Safeway market, restaurants, assorted retail and 330 housing units, all completed in Phase 1. Still to come are another 80,000 square feet of restaurants and retail, a high-rise 167-room hotel, a 10-screen movie theater complex, a parking structure accommodating nearly 1,400 spaces and an estimated 450,000 square feet of new office space.


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