the first new business-focused community bank headquartered in Silicon Valley in nearly two decades proudly announces its grand opening on March 5 This milestone follows a successful equity raise receipt of an FDIC Deposit Insurance Certificate Altos Bank Announces Grand Opening Following Successful Soft Launch Silicon Valley has seen most of its community banks acquired by out-of-state institutions Altos Bank is here to restore the value of long-term relationships and exceptional personal service Altos Bank has been actively engaging with the Silicon Valley business community tailored banking solutions for small and mid-sized businesses The bank serves customers both online at www.AltosBank.com and from its headquarters at 467 First Street "We are thrilled to celebrate our grand opening and welcome the community to experience our distinctive combination of high-touch relationship banking and cutting-edge technology," said Steven Chang "Bringing this vision to life has been an incredible journey and we're proud to restore the personal touch that has been missing in Silicon Valley's financial services landscape." Altos Bank is a relationship-focused commercial bank that seamlessly blends personalized service with cutting-edge technology Dedicated to meeting the needs of small and mid-sized businesses the local business community has welcomed us with enthusiasm Our grand opening marks the start of a new chapter in Silicon Valley's community banking—where a local bank is dedicated to empowering small businesses and investors with flexible innovative financial solutions that strengthen our local economy." Altos Bank emerges at a pivotal moment for the region's financial landscape offering essential support to small and mid-sized businesses seeking credit for commercial real estate and government-backed loan programs like SBA financing We look forward to meeting you at Altos Bank's modern eco-friendly facilities or at your place of business Our experienced relationship managers are eager to connect with the community and build strong partnerships a newly established FDIC-insured community bank in Silicon Valley personalized banking solutions for small businesses and investors With a commitment to exceptional service and cutting-edge technology Altos Bank empowers local businesses to thrive and succeed For more information about Altos Bank and its services, please visit www.AltosBank.com  The California Department of Financial Protection and Innovation (DFPI) has officially approved the establishment of a new business-oriented.. Banking & Financial Services Small Business Services New Products & Services Corporate Expansion Do not sell or share my personal information: Police say the passenger of the car that rolled over was taken to the hospital with non-life-threatening injuries Emergency Crews and the Sparks Police Department are on scene of a rollover crash that happened around 2:30 p.m at the intersection of Los Altos and Sparks Boulevard Police say the passenger of the car that rolled over was the only person taken to the hospital and they had non-life-threatening injuries The driver of the second car involved was cited for failing to yield Roads were blocked due to the crash but they have since cleared and reopened so we will continue to provide updates as more information comes in Your browser is out of date and potentially vulnerable to security risks.We recommend switching to one of the following browsers: Get up-to-the-minute news sent straight to your device Los Altos Park renovations began under Councilor Gibson and have continued under Councilor Fiebelkorn Councilor Fiebelkorn completed the funding for this massive project and continues to participate in implementation activities with city staff Capital Outlay funding for this project was generously provided by Representatives Gail Chasey        $9.5 Million to complete improvements and renovations to the park See drone footage of Phase 2 of this project Lomas Blvd between Easterday Drive and Eubank Blvd North of I-40 [email protected] The 311 Community Contact Center is a centralized call center for the City of Albuquerque The 311 service is a single telephone number for all non-emergency City of Albuquerque inquiries and services The official website for the City of Albuquerque Pernod Ricard UK has added a second flavour to its Olmeca Altos ready-to-serve (RTS) cocktail range Altos launched its first bottled RTS cocktail, Lime Margarita, in 2022 in the US and last spring in the UK. The brand also created a canned range in 2023 The new strawberry-infused flavour is made using Olmeca Altos 100% Blue Agave Plata Tequila According to Nielsen mixed drinks data from January 2025 Altos Tequila is the number-one RTS Margarita by both value and volume commented: “Altos is leading the UK Tequila revolution continuing to shift perceptions of the category with a bartender-built brand that prioritises authenticity it’s still just over 1% of the UK spirits market and we’re doubling down on visibility and retail presence to change this “This approach has helped us become the number-one 100% agave Tequila in UK grocery stores we’ve been champions of making bar-quality Margaritas accessible and have seen our RTS flying.” Altos Margarita Strawberry will be available in Asda and GoPuff from April before rolling out across the wider off-trade later this year Last year, Pernod Ricard launched its inaugural advertising campaign for Altos Tequila in the UK We are using cookies to give you the best experience on our website You can find out more about which cookies we are using or switch them off in settings This website uses cookies so that we can provide you with the best user experience possible Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings we will not be able to save your preferences This means that every time you visit this website you will need to enable or disable cookies again ALBUQUERQUE —This week marks a significant milestone for affordable housing in the Duke City a former hotel that was converted to permanent housing the City of Albuquerque’s property manager and the 41 additional units are now available This marks the completion of the city’s first hotel/motel conversion project a key component of the Housing Forward Initiative View video and photos of Los Altos Lofts. The City purchased the property on Hotel Avenue in April 2023 and immediately began work converting the 104 hotel rooms into 90 efficiency and one-bedroom apartments meaning units will be available to people making as much as 80% of the area's median income residents can apply for Project-Based Vouchers only 30% of their income would go towards their rent and the voucher would cover the remaining cost “Completing Los Altos Lofts is a step in the right direction but we’re not done,” said Mayor Tim Keller “We will continue leveraging every dollar available and exploring all possible options to build more affordable housing and motels into affordable housing.” “Monarch Properties is pleased to have worked hand in hand with the City of Albuquerque to bring Los Altos Lofts to fruition and affordable community is just the latest way Albuquerque is truly focused on providing affordable quality rental housing We’re very proud to be a part of this process as we cross the finish line,” said Jack MacGillivray “These final renovations to Los Altos Lofts are a major milestone for our city,” said Health Housing and Homelessness Director Gilbert Ramirez “This project will serve as a model for future hotel conversions as we continue exploring new opportunities to build and add more affordable housing inventory.” Minor renovations are currently being made to the indoor pool which should be available for residents to use within the next month Those interested in applying to rent at Los Altos Lofts can do so in person Interested applicants are encouraged to schedule an appointment by calling Monarch Properties at: 505-548-6054 [email protected] 2024 /PRNewswire/ -- The California Department of Financial Protection and Innovation (DFPI) has officially approved the establishment of a new business-oriented community bank in Silicon Valley marking a significant milestone in the region's financial landscape Empowering small businesses with innovative and flexible banking solutions for sustainable success and economic evolution sustainability and prosperity in the communities we serve by empowering small business and investors We will provide a unique blend of high touch and high tech made possible by deploying experienced service-oriented relationship managers armed with sophisticated "We are thrilled to receive the approval from the DFPI and embark on this exciting journey," said Steven Chang "Our mission is to foster the growth and success of both individuals and businesses in Silicon Valley by providing personalized banking solutions This approval is a testament to the dedication and hard work of our team and we look forward to making a positive impact on the local economy." "The establishment of Altos Bank (in organization) fills a crucial void in Silicon Valley's financial sector by offering specialized services that cater to the dynamic and diverse needs of Silicon Valley's small business and investor community," said Tom Vertin "with a focus on innovation and customer-centric banking Altos Bank (in-organization) will provide an unparalleled banking experience for its clients," The DFPI's approval follows a comprehensive review process underscoring the Bank's strong commitment to regulatory compliance and the delivery of high-quality financial services The new bank expects to begin operations when all conditions in the DFPI's approval have been satisfied and the FDIC has approved the bank's application for federal deposit insurance Altos Bank (in organization) is a newly formed de novo community bank based in Silicon Valley dedicated to providing innovative and personalized banking solutions for small businesses and investors Altos Bank (in organization) will support the growth and success of the local business community SAN JOSE, Calif. (March 10, 2025) – Bay FC announced today the club has signed forward Catherine Paulson to a contract through June 30 Paulson will join the active roster after starting the preseason as a non-roster invitee “Catherine puts in the work and is always ready to step in where she is needed,” said head coach Albertin Montoya energy and mentality is exactly what we need as we get the 2025 campaign started.”  Paulson was part of the club’s inaugural roster in 2024 joining the team as a National Team Replacement Player in August before signing a full contract through the end of the 2024 season in October Her debut season saw Paulson feature in one match for the club appearing in 47 matches (eight starts) with four goals and three assists.    “I’m super excited to sign with Bay FC and continue my journey in the NWSL,” said Paulson and I can’t wait to contribute to this team These are the communities and people who have gotten me to where I am so I’m honored to represent them in this jersey and the support from the club and fans make this a dream come true.”  Bay FC’s 2025 season will kick off March 15, with the club opening its campaign on the road against the Utah Royals at America First Field in Sandy, Utah. The club will play its first home match on March 22 vs. Racing Louisville FC at PayPal Park. The club’s full 2025 schedule and tickets to all 2025 home matches are available now at BayFC.com Email Sign Up Tickets Schedule Community Supporters Sponsorships Shop Bay FC About Bay FC Roster Football Operations News PayPal Park MediA Information Contact Us Careers Privacy Policy Terms of Service NWSL Thanks for your message. A member of our team will respond to your message in the next 2-3 business days. Want to learn more about Bay FC? Check out opportunities to get season and premium tickets, order merch, or enjoy free stickers and digital assets ALTO-100 did not demonstrate a benefit over a placebo in the pre-specified key secondary analyses Alto Neuroscience (Alto) has reported that its Phase IIb clinical trial of ALTO-100 for treating major depressive disorder (MDD) failed to meet its primary endpoint The study aimed to assess ALTO-100 by measuring changes in the Montgomery-Åsberg Depression Rating Scale (MADRS) from baseline compared to a placebo placebo-controlled trial was designed for assessing ALTO-100 in adults diagnosed with MDD using a memory-based cognitive biomarker for assessment before randomisation The primary focus was on the change from baseline to the end of a six-week treatment period using MADRS which is a standard regulatory endpoint for depression the trial enrolled 301 adult subjects with MDD The group of patients with biomarker-defined MDD treated with ALTO-100 failed to show a statistically significant improvement in symptoms related to depression Don’t let policy changes catch you off guard Stay proactive with real-time data and expert analysis In the pre-specified key secondary analyses the therapy also did not demonstrate a benefit over a placebo Alto Neuroscience founder and CEO Amit Etkin said: “We are disheartened by the results from this study as the unmet need in this patient population is immense While the results are surprising and disappointing I am proud of our team for conducting a first-of-its-kind precision biomarker-based study in psychiatry “We remain committed to our mission of helping patients get better faster by bringing precision medicine to psychiatry and we expect our strong cash balance to support us through multiple near-term clinical milestones across our pipeline.” ALTO-100 maintained a favourable tolerability and safety profile Alto is set to complete a full data analysis to determine the future steps for evaluating ALTO-100 in MDD treatment ALTO-100 is being investigated as an adjunctive treatment in a separate Phase IIb study for bipolar depression Alto has stated that its current financial position is expected to support operations into 2027 which includes multiple upcoming clinical readouts The results for ALTO-203 and ALTO-300 in MDD are anticipated in the first half of 2025 Earlier this year, Alto commenced a Phase II clinical trial of ALTO-203 for treating MDD Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network Thousands of people from Albuquerque and beyond helped make 2024 a big year for the City’s newly renovated softball complex at Los Altos Park it was the busiest season ever for this facility Los Altos Park hosted a record number of softball tournaments (27) with 765 total participating teams Nearly 75 percent of the tournaments drew teams from out of state and one third of the total teams playing in tournaments (256) came from outside Albuquerque which contributed to the City’s growing sports and recreation tourism economy.“Albuquerque is a premier destination for sports tourism and a great place for local families to enjoy top notch facilities,” said Mayor Tim Keller “The influx of teams and spectators not only boosts our local economy but it also highlights the exceptional venues and hospitality that Albuquerque offers.”“The new 5-field Los Altos Softball Complex – which became the beautiful home of the 2024 Land of Enchantment Champions this past June – is by far one of the best facilities we use,” said Terry Hennessy SSUSA CEO.The two largest events in 2024 were the Gathering of Nations tournament in April and Senior Softball USA’s (SSUSA) tournament in June the two tournaments brought 2,200 players and 147 teams to Los Altos Park Due to their great experience in Albuquerque SSUSA already has announced it will be coming back to Albuquerque in 2025 and bringing more teams SSUSA also awarded Los Altos Park the national award for the “Softball Complex of the Year” for 2024 The City also debuted the inaugural “Camino Real Hispanic Heritage Tournament” during Hispanic Heritage Month an event the City intends to build into a large regional and national draw for softball players.2024 was the first full year of softball at Los Altos Park since it reopened in late July 2023 after the completion of Phase 1 renovations The five new softball fields and tournament facilities now allows the City to host larger tournaments and accommodate more players including teams and their families traveling from outside Albuquerque.“As predicted the Los Altos Softball Complex has been an instant success,” said Parks & Recreation Department Director Dave Simon “Investing in sports and recreation facilities is investing in Albuquerque’s future and we are excited to build on this momentum.” The City already has seven tournaments scheduled for Los Altos in 2025 with more in the planning stages Those interested in organizing a tournament at Los Altos can get in contact with the Parks & Recreation Department’s Sports Office by calling 505-224-6682.2024 Los Altos Softball Numbers: KQED Live EventsPRX Podcast Garage EventsEvents Around the Bay AreaMember Benefits with KQED LiveVideos from KQED LiveWatch recordings of recent KQED Live events FeaturedThat's My WordAn ongoing exploration of Bay Area hip-hop history See Senior Director of TV Programming Meredith Speight’s recommendations from this month’s KQED 9 Watch recordings of recent KQED Live events Support KQED by using your donor-advised fund to make a charitable gift Results are a combination of data provided by the Associated Press (AP) and county election offices. The AP calls winners by analyzing vote tallies and other election data Check marks are used to denote a winner only when the AP calls a race City and town council members can propose new city ordinances and vote on a range of issues They also help draft the city or town budget To learn more about how we use your information, please read our privacy policy. See results for all elections on the Santa Clara County ballot Have a correction? Contact voterguide@kqed.org A former tech executive who lost her husband to amyotrophic lateral sclerosis hopes her app will help people with the early detection of ALS symptoms it's the little things Mindy Uhrlaub appreciates most: a quiet moment with her dog Ordinary things made extraordinary by what she knows could be coming Click here for the full story via CBS Bay Area CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective In a significant move that underscores the resilience of well-established venture capital firms Altos Ventures has raised $500 million for its latest fund This announcement marks the firm’s largest-ever fund and reflects its continued strength and influence in the venture capital world which has been investing in high-growth companies for nearly three decades has a well-documented track record of successful investments including early stakes in some of the most recognizable tech companies of the past decade Despite broader uncertainties in the venture capital landscape—where fundraising is becoming more difficult for many firms—Altos Ventures remains a standout The $500 million raised for this new fund signals the firm’s ongoing ability to attract significant capital especially at a time when many venture firms are experiencing fundraising challenges due to shifting market dynamics Altos Ventures has earned its reputation as a firm that knows how to back successful The firm has invested in over 250 companies with notable exits from over a dozen that have gone public or been acquired by publicly traded companies The firm’s portfolio includes high-profile companies like Coupang the gaming platform that has taken the world by storm The firm’s expertise lies in identifying companies early and nurturing them throughout their growth journey Altos has been an early investor in companies that have transformed entire industries and the firm has proven time and again that its investment strategy is one of foresight and deep market understanding Altos was one of the earliest institutional investors in Coupang a company that has grown into one of South Korea’s most influential tech and e-commerce platforms has since become one of the biggest names in the gaming industry helping to redefine the future of entertainment and social interaction online The firm’s success isn’t just limited to its top-tier investments in high-profile companies; Altos Ventures also excels in sectors like SaaS providing critical support to startups in a variety of fast-evolving markets the broader venture capital market is facing new challenges The early years of the COVID-19 pandemic saw a dramatic surge in investments in food delivery driven by a sudden shift in consumer behavior as people turned to online services for shopping and food delivery as the world has moved into a post-pandemic phase the venture capital market is beginning to cool off The soaring valuations that some startups saw in 2020 and 2021 are now in retreat and late-stage funding rounds have become much harder to come by A number of once-promising startups are now struggling to secure new funding with few companies able to go public successfully selective approach to capital raising stands in contrast to the larger venture capital firms that have raised multibillion-dollar funds in recent years While some firms rushed to scale up their operations to compete with the fast-moving market trends Altos has maintained a more conservative strategy The firm has raised funds consistently under $1 billion focusing on carefully choosing high-potential investments that align with its deep expertise in early-stage and later-stage bets Data from leading investment research firms such as Cambridge Associates supports Altos’ strategy of maintaining smaller The data shows that smaller funds have historically yielded higher returns particularly in the early stages of investment By avoiding the “fear of missing out” (FOMO) mentality that often drives larger firms to back high-valuation startups just because they’re trending Altos has been able to stick to its principles and consistently make investments that result in significant returns Other veteran firms in the venture capital space which raised a $425 million fund earlier this year These firms have maintained their focus on early-stage companies and select later-stage opportunities which has allowed them to generate substantial returns even in a more cautious investment climate Altos Ventures has also been able to focus on its core strengths: identifying disruptive technologies and helping talented entrepreneurs build companies with strong market potential The firm’s philosophy is rooted in the belief that making smaller more strategic investments in companies with long-term growth prospects is far more effective than raising large funds and chasing fast growth or "hot" sectors Altos Ventures is poised to continue playing a significant role in shaping the future of tech and innovation which are all expected to see tremendous growth in the coming years These sectors represent the future of tech and Altos Ventures is positioning itself to support the next generation of tech disruptors Altos Ventures’ international focus will help it tap into emerging opportunities worldwide The firm has already demonstrated a strong presence in the U.S and South Korea through its Altos Korea Opportunistic Fund and it will likely continue to look for opportunities in other regions where emerging technologies are developing the firm’s focus on SaaS and consumer technology combined with its expertise in mobile and enterprise software means that Altos is well-positioned to take advantage of the massive opportunities that exist within these fast-growing sectors The firm’s emphasis on supporting founder-led companies will also help it identify the next generation of tech entrepreneurs who are primed to take the world by storm Related: Cogna: The AI Startup Aiming to Disrupt Enterprise Software with Autonomous Development Related: Google's Shocking Move: 25% of Its Code is Now AI-Generated! As the venture capital industry continues to evolve Altos Ventures’ strategy of focusing on a select number of early- and later-stage investments remains a model for success While other firms may rush to scale up their operations and fund sizes Altos has demonstrated that staying focused on high-quality investments in high-growth markets is the key to achieving consistent returns puts Altos Ventures in a position to continue thriving in the years ahead thoughtful approach to venture capital serves as a reminder that there is still plenty of opportunity for firms that are willing to be selective and strategic in their investments As Altos Ventures looks ahead to its future it will undoubtedly continue to back the companies that are redefining entire industries and shaping the world of tomorrow This conversation has been edited for length and clarity. To start, Velt and Simonsen explore the recent HousingWire market forecast for 2025 Velt: We could first start with home prices and sales You’d said that they would grow in 2025 by about 5% Do you really still feel like that’s a realistic goal Simonsen: Our forecast remains plus-5% for the year. During a year, you’re going to get some months when sales are better than others. If mortgage rates haven’t eased back down again by March, we will have to revisit that forecast, and home sales volume isn’t going to materialize Velt: What was your forecast for home prices Simonsen: We would get about 3.5% price gains nationally for 2025 If you look over the long-term history of the country it’s actually pretty normal to have a 5% gain in a given year We’re underperforming on that long-term trend because we have an affordability challenge Velt: Talk to me a little bit about that and what you see with a new incoming administration Simonsen: It’s not about just giving a tax incentive. We have to build more homes so the cost of homes comes down One of the challenges with affordability is that we have the crisis at a national level but the control happens at a very local level If we start to get more national recognition and some control changes Velt: Yeah, I feel like there are a lot of things coming together. And if you take them separately, like tariffs and immigration then it’s not necessarily the full picture of things it’s hard to tell what’s actually going to happen where are you seeing the markets that are still continuing to do really well around the country Simonsen: So, we have 25% more homes on the market now than we did in January of last year. Most of that has been in the Sun Belt states across the South. Inventory is much tighter in the Rust Belt and the Northeast. So, places like Chicago or upstate New York. Connecticut has 70% fewer homes on the market now than they did in 2019 Simonsen explores more thoughts on the market going forward we talked about mortgage rates and we expected that rates would stay in the 6s But they could get over 7 — and they did already There’s no scenario where rates get close to 5 and website in this browser for the next time I comment Δdocument.getElementById( "ak_js_1" ).setAttribute( "value" Late last week The Capitol Forum reported that the FTC was investigating the $100 million rental deal between Zillow and Redfin Don't have an account? Please Sign Up The Los Altos Apartments in Windsor Square, a Spanish Colonial landmark that is listed on the National Register of Historic Places, is slated to add new housing, according to plans unearthed via ATC Completed in 1925 at 4121 Wilshire Boulevard, the five-story building has played host to a who's who of Hollywood luminaries in its 100 years of existence. A 1990 restoration transformed the building into a mixed-income housing complex featuring a total of 75 homes Architectural plans submitted recently to Los Angeles Planning officials indicate that building owner Allen Gross is now looking to take advantage of state law to convert unused space within the structure into more housing A basement area at the southeastern corner of the property is to be transformed into eight accessory dwelling units ranging from 364 to 597 square feet in size Past projects from Gross include the conversion of a shuttered Downtown department store into housing more than a decade ago Twitter / Facebook / LinkedIn / Threads / Instagram / Bluesky