Investor acquires 19-acre site in Los Angeles area for $30 million; will develop a luxury senior housing community

Bryan Lewitt

  LOS ANGELES, CA, Jan. 24, 2024 – JLL announced California Commercial Investment Group has acquired a 19-acre site adjacent to the iconic Motion Picture & Television Fund campus in Woodland Hills, California for $30 million. 

California Commercial Investment Group will develop a luxury senior living life cycle community encompassing approximately 300 units on the site.  Construction is scheduled to begin 2026 with completion planned for 2028.

 The new luxury senior living community will feature beautiful and spacious apartment homes, penthouses, and villas, ranging from one to three bedrooms with multiple configurations, and underground parking. 

Michael Slater

It will also include a resort style pool and spa, gourmet restaurants, athletic courts, outdoor games, movie theatre, wine bar and roof top lounge, longevity fitness center, learning center, and nature trails.

 “This is a great opportunity for a premier developer in California Commercial Investment Group to acquire and develop a much-needed luxury senior living community in a pristine location,” said Bryan Lewitt, JLL Managing Director.

The 19-acre site is ideally located on Mulholland Drive in the Santa Monica Foothills.  It is just steps from the Calabasas farmers' market adjacent to the Motion Picture & Television Fund campus.

 JLL’s Bryan Lewitt represented the seller, Motion Picture & Television Fund. The buyer was represented by Michael Slater of CBRE.

 Contact:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

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