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LOS ANGELES — Marcus & Millichap has brokered the $15 million sale of Sherman Village, a 150,000-square-foot development site located at 12629-12729 Riverside Drive in the Valley Village area of Los Angeles. The 3.45-acre site near the Sherman Oaks Fashion Square and the Sherman Oaks Galleria is entitled for the development of 264 multifamily units on eight parcels. Marcus & Millichap’s Greg Harris represented both the Los Angeles-based buyer, IMT Capital, and the Southern California-based private-investor seller.