Developer pays $30M to Motion Picture & Television Fund for land it owned for 83 years

Dana+Jeff Luxury Homes


In an ambitious move that is set to reshape the Woodland Hills landscape, California Commercial has acquired a substantial 19-acre parcel of land for the development of a retirement village. This significant investment of $30 million in prime real estate marks a transformative step for both the region and the Motion Picture & Television Fund, the previous owner of the land for over eight decades.
California Commercial Investment Group CEO Danielle Hastie along with a rendering of 23388 Mulholland Drive (Getty, Woodland Hills: A Life Plan Community)

Woodland Hills: A Prime Canvas for Transformation

Woodland Hills, renowned for its serene environment in the San Fernando Valley, is about to witness a remarkable transformation. California Commercial's innovative vision is set to bring a retirement village to life, blending modern amenities with the natural beauty of the area.

The Historic $30 Million Transaction 

The cornerstone of this story lies in the extraordinary transaction: California Commercial's acquisition of 19 acres for $30 million. What makes this deal truly historic is that the land had been under the ownership of the Motion Picture & Television Fund (MPTF) for an impressive 83 years.

The Motion Picture & Television Fund: A Stalwart in the Entertainment Industry

Before diving into California Commercial's vision, let's briefly explore the Motion Picture & Television Fund (MPTF), a nonprofit organization with a substantial presence in the entertainment industry. For decades, MPTF has played a crucial role in providing essential support and healthcare services to industry professionals.





California Commercial's Vision: A Retirement Village of Distinction

With the acquisition of this expansive parcel, California Commercial is poised to revolutionize retirement living in Woodland Hills. Their vision for a retirement village promises to harmonize contemporary comforts with the area's natural splendor, creating an inviting haven for retirees.

The Advantages of Retirement Village Living

Retirement villages have become increasingly popular, offering a unique living experience that prioritizes community, security, and well-being for seniors. Key benefits include:

  1. Community Engagement: Retirement villages foster social connections and provide numerous activities, ensuring a vibrant lifestyle for residents.
  2. Healthcare Accessibility: Many retirement villages offer convenient access to healthcare facilities, providing peace of mind to residents and their families.
  3. Safety and Security: Gated communities and on-site security enhance the safety of residents, allowing for carefree retirement living.
  4. Maintenance-Free Lifestyle: The reduced burden of home maintenance allows residents to fully enjoy their retirement years.


California Commercial's bold investment of $30 million in Woodland Hills has set the stage for a transformative retirement village project. This significant acquisition of 19 acres from the Motion Picture & Television Fund signifies a promising development that will redefine senior living in the region. As this visionary project unfolds, it not only promises a new way of life for retirees but also represents a vibrant addition to the Woodland Hills community. With its idyllic surroundings and contemporary amenities, this retirement village aims to set a new standard for senior living, not only in California but also beyond.  See article HERE


We offer the highest level of expertise and service with integrity. Jeff Biebuyck & Dana Olmes are Luxury Homes Specialists in Calabasas with a particular expertise in representing residential estate properties throughout the West San Fernando Valley, Conejo Valley, Malibu and Greater Los Angeles area. As consummate professionals, Jeff Biebuyck & Dana Olmes provide their clients with the highest level of service to reach their unique real estate goals.

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