California Commercial Investment Group has recently acquired a 19-acre site in Woodland Hills for $30 million. The prime location, adjacent to the Motion Picture & Television Fund campus, will be developed into a luxury senior living community with approximately 300 units. Construction is set to begin in 2026 and expected to be completed by 2028.
The seller, Motion Picture & Television Fund was represented by JLL’s Bryan Lewitt while the buyer was represented by Michael Slater of CBRE. According to Lewitt, this acquisition presents an excellent opportunity for California Commercial Investment Group as it allows them to develop a much-needed upscale senior living community in an ideal location.
This development marks another milestone for California Commercial Investment Group as they continue their growth and expansion efforts within the state.
