Last updateTue, 30 May 2017 5pm

California housing market ends 2016 with moderate growth

California’s housing market ended the year on a positive note, with sales at a moderate pace and home price increases in December.

Closed-escrow sales of existing, single-family detached homes in California totaled 411,230 units in December, down 7 percent from the November level, and 0.6 percent compared with home sales in December 2015.

Sarah Jones closes salon after 25 years of successful styling

Courtesy of Sarah Jones
Sarah Jones retired last month after a long and somewhat unexpected career.

As Sarah Jones approached her college years, her parents had high expectations. Her father, partner in a law firm, expected the Castilleja School grad to choose a lucrative career path, in business or law, perhaps.

Instead, Jones was an art major whose direction in life was at a crossroads.

Lights out at Los Altos Lighting, but why?

Megan V. Winslow/Town Crier
Los Altos Lighting has not opened its doors or returned phone calls for several weeks, leaving some customers in a bind.

The sign says Los Altos Lighting is “Closed Until Further Notice.” It has been posted on the front door of the Main Street light fixture store for the past few weeks.

Ga-Ja “Chris” Kim, the owner of the store and the property, has not responded to repeated requests for comment, nor has he been in touch with city officials.

There's more to investment success than simply purchasing stocks

I am an investment professional, so I spend a huge part of my time helping clients develop investment strategies and choose specific investments that balance the need for growth with the need for asset preservation.

The value of these efforts pays off over time by maximizing the likelihood of their being able to live the life that they want. But investment performance is only one contributor to financial success. An even more important one is simply saving. Your ability to diligently and consistently add to your investment portfolio throughout your working years will do more for your future than anything else

Los Altos realtor assumes leadership position at SILVAR

Courtesy of SILVAR
Los Altos realtor Denise Welsh, newly installed president of SILVAR, gives a speech at Los Altos Golf & Country Club Jan. 19.

The Silicon Valley Association of Realtors installed its 2017 leadership team Jan. 19 at Los Altos Golf & Country Club. At the helm of the local trade association this year is Los Altos realtor Denise Welsh.

Welsh is a broker associate with the Alain Pinel Realtors Los Altos office. Other officers include Bill Moody, a realtor with Referral Realty in Cupertino, as president-elect; and Phyllis Carmichael, a realtor with Coldwell Banker Residential Brokerage in Los Altos, as treasurer.

A public benefit for First Street project depends on public

Megan V. Winslow/Town Crier
An office block on First Street proposed by Los Altos Community Investments could include Bumble.

During a recent joint study session with the Los Altos City Council and the Planning and Transportation Commission, a developer asked point-blank what sort of public benefits could be provided in exchange for exceeding the city’s height limit on First Street.

“What are the community benefits this city council is looking for?” asked Kelly Snider, managing director of Los Altos Community Investments (LACI), which hopes to build a three-story office building and park with underground parking on First Street.

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