Villa Gardens purchase completed

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Marcus & Millichap brokered the sale of the Villa Gardens multifamily community in Hawthorne, Calif. The value of the transaction was $11 million. The Villa Gardens is an approximately 61,430-square-foot property located at 3734 El Segundo Blvd. Downstream Exchange Co. LLC purchased the property from Villa Gardens Group LLC, which had owned it since 1990. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage operating nationwide. *** What's your opinion? Send your Letter to the Editor to