09212017Thu
Last updateWed, 20 Sep 2017 9am

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

No food yet, but construction process continues at awaited downtown eateries


MEGAN V. WINSLOW/TOWN CRIER
Construction continues at Morsey’s Farmhouse Kitchen & Cheese, which includes an extensive kitchen expansion and interior renovation.

Three downtown locations that have drawn local curiosity remain in the construction process, but the end is in sight for at least one.

Kal and Yulia Morsey’s buffalo milk cafe, Morsey’s Farmhouse Kitchen & Cheese, has begun to take shape at 134 Main St. with extensive kitchen expansion and interior renovation.

Pharmaca departs, diners turn up to a Turn in limbo


Megan V. Winslow/Town Crier
Pharmaca announced it was calling it quits this month with a liquidation sale that emptied shelves.

Pharmaca, the wellness and beauty store at 400 First St., called it quits this month after two years in the new development between Cetrella and Safeway in downtown Los Altos.

A retail-only offshoot of an integrative pharmacy founded in Boulder, Colo., Pharmaca’s opening in 2015 drew curious newcomers, but business petered in the months following. The store’s parent company announced the closing only days before inventory entered a liquidation phase, with 50 percent off everything in the store.


Schools »

Schools
Read More

Sports »

sports
Read More

People »

people
Read More

Special Sections »

Special Sections
Read More

Photos of Los Altos

photoshelter
Browse and buy photos