BEST LAND SALE DEAL OF THE YEAR
SITE ADJACENT TO MOTION PICTURE & TELEVISION FUND CAMPUS
Mulholland Drive, Woodland Hills
Deal Value: $30M
Michael Slater of CBRE led the $30 million transaction involving the sale of a 19-acre property adjacent to the Motion Picture and Television Fund campus in Woodland Hills to California Commercial Investment. The site is set to be transformed into Livelle Mulholland, a 300-unit luxury senior living community. Initially, the city was resistant to the number of units proposed by the developer, which were essential for the project’s profitability. The CBRE team conducted a thorough analysis and presented compelling evidence to the city, highlighting the community’s need for such a development. Their efforts ultimately convinced the city to approve the necessary entitlements.