05282017Sun
Last updateTue, 30 May 2017 5pm

Miyo is frozen out downtown


Megan V. Winslow/Town Crier
Customers stand outside of Miyo, which closed last week.

When Miyo opened in winter 2008, co-owner Doug Matsumoto was optimistic because customers followed sunshine into his frozen yogurt shop.

“The sun comes out and people come in,” he said at the time.

Does investment diversification still work after the 2008 crash?


A cornerstone of modern portfolio theory is the concept that you can reduce the risk of an investment portfolio by adding securities whose performance does not correlate with those in the portfolio.

Research studies confirmed that the diversification in an investment portfolio explained more than 90 percent of the variability in portfolio returns from year to year. That makes sense intuitively: When some asset-class returns turn negative in a given year, returns from other asset classes can potentially be positive, mitigating the losses.

Market conditions slow as pending home sales rise


MEGAN WINSLOW/town crier
More houses and townhomes are on the market – like this home listed by Sereno Group near downtown Los Altos. According to the Silicon Valley Association of Realtors, 29 percent of homes sold for above asking price in August.

Realtors responding to the California Association of Realtors August Market Pulse Survey report a slowing down of most leading indicators of overall market conditions, such as a decline in floor calls, listing appointments and open-house traffic.

The survey revealed that the share of homes selling above asking price rose to 29 percent in August, up from 27 percent a year ago. The share of properties selling below asking price dropped from 48 percent in August 2015 to 41 percent. The remaining 30 percent sold at asking price, up from 25 percent in the same period last year.

iParq contract reveals details of new parking system


Asher kohn/town crier
The new iParq-issued parking permit, with barcode, sits below the old-style parking permit. The new permits are made by contracted designers and read by iParq equipment.

The city of Los Altos recently paid approximately $13,000 for a new digital parking management service. The contract with iParq, obtained by the Town Crier, is effective through 2018, with the option to extend the agreement for an additional five years, through 2023.

According to Jennifer Quinn, Los Altos’ economic development manager, the contract involves a host of start-up expenses the city will not have to pay in future years.

Owners seek landmark status for LA farmhouse


courtesy of Daniil Reouk
A home on Grant Road in Los Altos built circa 1913 is considered by an architect to be a prime example of the Craftsman style. Originally constructed as a farmhouse, the property stayed within the family until a 2015 sale. The Historical Commission is considering landmark status for the home.

A former farmhouse could be a step closer to designation as a historical landmark after a Historical Commission meeting last week. The commission discussed recommending that a Craftsman house on Grant Road in Los Altos receive landmark status.

A report compiled by Sean Gallegos, assistant planner for the city of Los Altos, recommended the landmark status. The house, an original farmhouse built circa 1913, is listed on the Los Altos Historical Resources Inventory.

Sethi Couture's jewelry elevates the everyday


Photos courtesy of Sethi Couture
Sisters Pratima Sethi, left, and Prerna Sethi plan to sell their jewelry at Sethi Couture in Los Altos after working in the jewelry wholesale business in San Francisco since 2009.

The space on Main Street occupied by Earthworks for 40 years won’t be empty for long.

Sisters Pratima and Prerna Sethi, who grew up in Sunnyvale and attended Castilleja School in Palo Alto, plan to open Sethi Couture, a “new jewelry concept,” by the end of 2016.


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