LCS, California Commercial Investment Co-Developing Community After Land Sale From Motion Picture and Television Fund

A charitable organization that offers assistance to people in the movie and TV industries has sold land to a developer in Los Angeles with plans for a new senior living community.

The Motion Picture and Television Fund (MPTF) recently sold a 19-acre property on the storied Mulholland Drive to the California Commercial Investment Group for $30 million, as recently reported by L.A. Business First. LCS is serving as co-developer on the project, and Life Care Services will operate it, Senior Housing News has learned.

In an interview with Senior Housing News on Thursday, JLL Managing Director Bryan Lewitt, who represented the Motion Picture and Television Fund in the deal, said the development partners could break ground on the community in 2026 ahead of a 2028 opening…