New Kent apartment complex acquired for $141M

Source Security Properties and a Rockwood Capital affiliate have closed the $141.1 million acquisition of a new Kent apartment complex, Midtown 64. Seattle-based Goodman Real Estate developed the 365-unit, 10-acre project at 24615 64th Ave. S., along city's revamped pedestrian-friendly Meeker Street corridor between the Green River and downtown. Security Properties Senior Director Davis Vaughn said in… READ MORE

Compassion Seattle qualifies for the ballot, and real estate execs are the campaign’s lead funders

Source The top five contributors to the Compassion Seattle charter amendment campaign are commercial real estate companies and executives, each contributing $50,000. The campaign on Wednesday said King County elections validated enough signatures to put Charter Amendment 29 on the Nov. 2 ballot. Signatures of at least 33,060 registered voters were needed, and just over… READ MORE

Sherman sells St. Paul Lowertown lofts for $21 million

Source Sherman Associates has sold the Rayette Building in Lowertown St. Paul that itredeveloped into lofts in 2014.Minneapolis-based Sherman sold the 88-unit building to Seattle-based Goodman RealEstate Inc. for $21.2 million, according to a certificate of real estate value that was madepublic this week. The sale closed on March 21.JLL’s Capital Markets team represented Sherman… READ MORE

2022, Goodman Real Estate