Baby boomers are still a decade away from hitting the average age of senior housing occupants, but senior housing in L.A. is still underserved.

Specifically, Transwestern Commercial and Devencore will work together on cross-border occupier, agency and capital market opportunities, and will also provide research, marketing and consulting support for existing and future clients.

The former Chatham Mill will transform into community and office spaces.

The project has already received very strong local demand with more than 76% of homes sold since sales began in January, company officials state.