Lost treasure: Long-standing Los Altos jewelry repair shop set to close

Megan V. Winslow/Town Crier
House of Treasures has been a downtown mainstay since 1975, moving to its current Second Street address in 1996. Owner Brad Davis plans to retire and close up shop in June.

Multiple factors play into Brad Davis’ approaching retirement and the closure of his Los Altos mainstay House of Treasures in June, but he called recent, serious issues with his eyesight the final “wake-up call.”

“I made the decision a couple of months ago,” Davis said in a phone call with the Town Crier, initiated during one of his slower periods of the day. “I had some vision problems and it scared me. … Things went blurry, I had double vision. … Everything’s OK now.”

Salon holds anniversary celebration and fundraiser

Hair at Eric Ringo’s has scheduled a 20-year anniversary celebration and fundraiser 1-4 p.m. Saturday at the salon, 349 Plaza South, Los Altos.

Proceeds from the event will support the Alzheimer’s Association of Northern California. Ringo said he organized the event in honor of his mother, Alice, who died of Alzheimer’s disease four years ago.

Should you invest in an IPO?

Since the beginning of this year, we’ve seen a number of spectacular first-day gains among initial public offerings (IPOs).

Lyft rose 21% before closing with a gain of 9%. Pinterest soared 25% but was overshadowed by Levi Strauss’s 31% advance. And even those impressive returns pale in comparison to Zoom, which – true to its name – zoomed up an astounding 72% by the end of its first day of trading. It’s no surprise that so many IPOs are oversubscribed. But are they really good investments?

Transactions for the week of May 29

Los Altos

1315 Garthwick Drive, W. & W. Grossman to B. & C. Oyang for $2,910,000

1805 Granger Avenue, V. Khatkhate to E. & B. Kim for $2,778,000

Real Estate transactions for the week of May 22 2019

Los Altos

1655 Alexander Court, Nardini Trust to Y. & A. Cao for $3,250,000

1469 Brookmill Road, Neth Trust to R. & G. Subramanian for $2,700,000

Settling real estate disputes

Most real estate contracts contain optional agreements to participate in nonbinding mediation or binding arbitration should a dispute arise.


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