12122017Tue
Last updateTue, 12 Dec 2017 10am

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.

400 Main St. seeks exemption for potential tenants


TOWN CRIER FILE PHOTO
Owners of 400 Main St. could see new tenants if city officials approve an interpretation of Los Altos municipal code.

As 400 Main St. continues to stand partially empty, a proposal has been put forward that looks to bring more life to the three-year-old building.

Transactions

Los Altos

1033 Dartmouth Lane, Haugh Trust to L. Fei for $3,400,000

2056 El Sereno Avenue, Plunkett Trust to H. Tseng for $2,175,000

Subprime automobile loans reach new highs

Most of us remember the billions of dollars of poorly vetted mortgage-backed securities that helped destroy Lehman Brothers and numerous banks – not to mention the world economy – in 2008. This time it’s auto-loan-backed securities that are setting records.

Ice cream expands in Mountain View


Megan V. Winslow/Town Crier
Pushcart Creamery awaits permits before it can open at 292 Castro St. in Mountain View. A nearby ice cream venture, Icicles, is set to debut in the fall. Here

Gelato Classico’s long dessert monopoly over Castro Street may soon end as two ice cream shops – nearly next door to each other – prepare to open.

Pushcart Creamery, the latest venture from the family behind Srasa Kitchen, currently awaits city permits at 292 Castro. Creator Brandon Poon said much remained in limbo about the small-batch ice cream shop, depending on what equipment requirements the city dictates to allow an expedited approval.

Transactions

Los Altos

222 Alvarado Avenue, S. Tran to Lang Trust for $5,550,000

682 Arboleda Drive, Owen Trust to Cheng Trust for $2,900,000


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