California Commercial Investment Group has acquired a 19-acre site adjacent to the Motion Picture & Television Fund campus in Woodland Hills for $30 million.  The company plans to develop a luxury senior living life cycle community encompassing approximately 300 units on the site.  Construction is scheduled to begin in 2026 with completion planned for 2028.

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

“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 Lewitt, managing director with JLL.