Los Altos Draeger’s Market close to completing an extensive remodel

Draegers
Eric Davidove/Special to the Town Crier
Draeger’s Market in Los Altos is nearly finished with a substantial remodeling project that has been ongoing since June.

Draeger’s Market on First Street in Los Altos is nearing the end of an extensive remodeling project that will enable it to expand space for products. The renovations also include replacing the floor, painting the interior and exterior, and adding new restrooms.

Transactions for the week of Oct. 21

Los Altos

1346 Arbor Avenue, Khodi Family Trust to Turriff Trust for $5,640,000
215 N. Avalon Drive, Tseng Family Trust to Coates Family Trust for $4,900,000
735 Casa Bonita Court, Reed Trust to Ye Living Trust for $3,880,000
325 Chamisal Avenue, K. & E. Szyndlar to K. & G. King for $2,810,000
1398 Chelsea Drive, Santos Trust to J. & S. Saxena for $4,400,000
4388 El Camino Real No. 68, A. & A. Kashyap to Mendoza Trust for $1,815,000
1598 Frontero Avenue, Johnson Family
Trust to A. & A. Nambiar for $2,900,000
978 Highlands Circle, De Trust to C. & J. Kashyap for $3,400,000
951 Oxford Drive, M. Hill to A. & J. Reiter for $3,500,000
611 Twelve Acres Drive, Rubin Trust to Y. & S. Mehta for $4,016,000
1246 Windimer Drive, Alpert Trust to K. & J. Kado for $2,450,000

How much impact do presidents have on the stock market?

Chart
Courtesy of Dimensional Fund Advisors
This chart shows the average return of the Standard & Poor’s 500 for each presidential term going back to 1929.

As part of his bid for a second presidential term, one of Donald Trump’s assertions is that he is responsible for the greatest stock market gain of any president. Putting aside his usual hyperbole, has the stock market in fact done better under him than under past presidents? And more interestingly, can we use historical market performance data to infer whether or not there is any identifiable cause and effect between a president’s period in office and market performance?

Measure RR could be critical for the future of Caltrain

Caltrain
Town Crier File Photo
Riders board and disembark from Caltrain in July 2019. Voters will get to weigh in on funding for Caltrain this November. Measure RR would institute a one-eighth-cent sales tax, generating approximately $100 million annually for 30 years.

Bay Area voters will have a say in the future of Caltrain during the November election, with Measure RR proposing a one-eighth-cent sales tax, generating approximately $100 million a year for 30 years toward the transportation service. The measure is on the ballot for Santa Clara, San Mateo and San Francisco counties – the three counties Caltrain serves – and requires a two-thirds majority to pass.

Aldo’s new owners confident in direction amid pandemic

Aldos
Photo courtesy Amy Perl
Ryan Morris – in white, pictured with his family – bought Aldo Los Altos this summer. Morris grew up in Los Altos and purchased the restaurant from the previous owners, who were retiring after 15 years. The family-friendly Italian restaurant is located on Main Street.

Ryan Morris has been in the food service industry since he was a teen. So when the opportunity arose in July to take over a restaurant in his hometown, he couldn’t turn it down – despite a global pandemic and other career aspirations.

Chamber-endorsed candidates talk aiding businesses, Prop. 15

Dining
Olivia Treynor/Town Crier
The Los Altos Chamber of Commerce endorsed candidates with an aim to boost business downtown.

The three Los Altos City Council candidates endorsed by the Los Altos Chamber of Commerce addressed the chamber during a meeting Oct. 6, discussing how they would help the city partner with the local business community and their views on Proposition 15, among other topics.


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