Los Angeles
Michel Hibbert, a senior managing director of Charles Dunn Co.'sWest Los Angeles office, negotiated a $3.75 million sale andpurchase of a 16-unit condominium complex currently operating as anapartment building located at 9201 Tobias Ave. in Panorama City.Hibbert represented both the buyer, Tobias Group LLC and theseller, Lone Oak Panorama LLC. According to Hibbert, the buyerpurchased the property with the intention of selling them asindividual condos at a later date. "Market activity is beginning topick up as buyers begin to realize that it's at or close to thebottom, in terms of pricing," he says. The property is operating at95% occupancy.
Cohen, Miskei & Mowrey LLP has signed a 10-year lease tooccupy 18,081 square feet of office space in Woodland Hills. Thefirm will relocate to its new offices at 5700 Canoga Ave. in July.This represents an expansion for CMM, which has been leasing 12,191square feet at 15303 Ventura Blvd. in Sherman Oaks for the pastseven years. Studley represented CMM. The landlord, Hines, wasrepresented in the transaction both in-house and by CB RichardEllis Inc.
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