[IMGCAP(1)] Los Angeles

Michel Hibbert, a senior managing director of Charles Dunn Co.’s West Los Angeles office, negotiated a $3.75 million sale and purchase of a 16-unit condominium complex currently operating as an apartment building located at 9201 Tobias Ave. in Panorama City. Hibbert represented both the buyer, Tobias Group LLC and the seller, Lone Oak Panorama LLC. According to Hibbert, the buyer purchased the property with the intention of selling them as individual condos at a later date. “Market activity is beginning to pick up as buyers begin to realize that it’s at or close to the bottom, in terms of pricing,” he says. The property is operating at 95% occupancy.

Cohen, Miskei & Mowrey LLP has signed a 10-year lease to occupy 18,081 square feet of office space in Woodland Hills. The firm will relocate to its new offices at 5700 Canoga Ave. in July. This represents an expansion for CMM, which has been leasing 12,191 square feet at 15303 Ventura Blvd. in Sherman Oaks for the past seven years. Studley represented CMM. The landlord, Hines, was represented in the transaction both in-house and by CB Richard Ellis Inc.

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