Business Matters: Anyone can soon invest in commercial properties to build wealth

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Courtesy of Rettex
Rettex is led by Chris Moris, left, and John Bradley.

Over the past few decades since the 1970s, it has been increasingly challenging in the Bay Area for average Americans to save enough money to buy a home. For most Americans, home purchase is one of the largest equity investments they can make, and barriers to ownership can hurt their ability to build long-term wealth.

Transactions for the week of Feb. 5

Los Altos

400 Orange Avenue, Larson Trust to Z. & P. Zhao for $3,100,000

540 Pine Lane, Haidt Family Trust to M. & R. Dairiki for $3,825,000

Transactions for the week of Jan. 29

Los Altos

1675 Alexander Court, Klein Family Trust to Memon Trust for $3,050,000

1530 Arbor Avenue, Urban Pacific Homes LLC to Naumann Trust for $6,250,000

The wrong kind of expert


 

It’s early in the new year, and my email inbox is once again flooded with capital market predictions for 2020. Looking back at the “expert” predictions for 2019 made last January, the majority as usual turned out to be wrong.

Rather than sharing those predictions that were most egregious (which would be more fun than educational), I thought this year I’d help identify those experts of which you should be especially wary. I categorize them into three types:

Chamber ushers in new year with awards banquet


Courtesy of Los Altos Chamber of Commerce
The Los Altos Chamber of Commerce’s Jan. 21 awards banquet attendees included, from left, 2019 chairwoman Margo Felt; New Member of the Year award recipient Rashad Wiley of Star One Credit Union; Lou Pesner, accepting the Special Recognition Award on behalf of the late Dr. Sam Pesner; Claudia Coleman, accepting the Community Leadership Award on behalf of the Los Altos Community Foundation’s LEAD program; Ken King of El Camino Health, accepting the award for Architectural Design and Enhancement; Chamber president Kim Mosley; Dan Woods, El Camino Health CEO; and Keith Battaglia, accepting Outstanding New Business honors on behalf of Hyatt Centric Hotel.

Members of the Los Altos Chamber of Commerce held their 2019 Awards Banquet Jan. 21 at Chef Chu’s restaurant, handing out six awards and introducing board members and new 2020 officers.

Rashad Wiley of Star One Credit Union received the New Member of the Year award, while Keith Battaglia and Hyatt Centric Hotel nabbed the award for Outstanding New Business.

'The yoga of awareness': Alternative practice offered through local studios


Courtesy of Susan Mirbach
Katie Sinnott, center, in white, poses with participants in a kundalini yoga class on National Kundalini Yoga Day, a tradition started a few years ago, April 27 last year.

Two local women are working to expand kundalini yoga classes to yoga studios throughout Silicon Valley. To start, they’re spreading the word about weekend classes at Yoga of Los Altos and Los Altos Hills Town Hall.

According to teachers Susan Mirbach and Miki Duisterhof, kundalini yoga is for people intimidated by the perceived demands of yoga, and participants don’t need any yoga experience.


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