Real Estate

A hearing regarding alleged violations by Legislative Advocate Jason Somers that was set for Wednesday morning has been postponed to Oct. 2.

A public hearing that will take place at 9:30 a.m. Aug. 14 in Room 280B will seek a determination for Jason Somers, president of Crest Real Estate, whether he willfully failed to disclose information on a legislative lobbyist form for the City of Beverly Hills showing that he had previously been sanctioned by the City of Los Angeles Ethics Committee.

In the Consent Calendar, a small item requested additional funds for the preparation of environmental documents for the proposed “Media Center” project located at 100 N. Crescent Drive.

Beverly Hills had the fourth highest assessed property value in Los Angeles County this tax year, according to a new report released by Assessor Jeff Prang.

A strong real estate market and new construction lifted Los Angeles County property assessments to a record $1.6 trillion in this tax year, the ninth straight year of growth, according to Assessor Jeff Prang.

Want to know what a $120 million home looks like? Look no further than Holmby Hills.

Temple Emanuel of Beverly Hills, the longstanding Jewish institution, sold one of its buildings, according to a report in The Real Deal.

The Trump Organization has sold the home at 809 N. Canon Drive for $13.5 million in an off-market sale, according to property records. The Real Deal reports that the buyer was Hillcrest Asia Limited, according to Los Angeles County records.

The median price of a Los Angeles County home rose by 3% in April, compared to the same month a year ago, helping Southern California rebound from its first sales-price dip in seven years, according to figures released Wednesday.

Amid a federal corruption and bribery investigation that appears related to real estate developments, a Los Angeles City Council committee will consider a proposal Wednesday to ban developers from contributing to local elections if they have pending projects in need of city approval.