California Commercial Investment Group Acquires 19-Acre Woodland Hills Development Site For $30M From Motion Picture & Television Fund

A 19-acre development site located in Woodland Hills has been sold for $30 million. The buyer, Garry Collett from California Commercial Investment Group, acquired the site from the seller, Bob Beitcher of the Motion Picture & Television Fund. The site, which had been owned by the Fund since 1941, is planned for a luxury senior living community with various amenities.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $30,000,000
• Address: 23388 Mulholland Drive
• Market: Woodland Hills
• Buyer: Garry Collett - California Commercial Investment Group
• Seller: Bob Beitcher - Motion Picture & Television Fund

This transaction brings together Garry Collett from California Commercial Investment Group and Bob Beitcher of the Motion Picture & Television Fund. The sale of the 19-acre development site highlights the interest in creating a luxury senior living community in Woodland Hills, providing a comfortable and convenient living environment for older adults.