Source Jordan Menashe said he was tired Friday afternoon — and rightfully so. The CEO of Portland-based Menashe Properties just sealed the deal on the real estate investment company’s largest deal ever, the $113 million acquisition of the historic Medical Dental Building in Seattle. “It’s done,” he said, “but I’m exhausted.” The deal comes just over … Read more
Source The new Merc Apartments, at 18120 102nd Ave. N.E. in downtown Bothell, have sold for a little over $38.3 million, according to King County records. The seller was an LLC related to Goodman Real Estate, which acquired the land in 2014 for about $2.2 million, then developed it.
Source The new Crew Apartments, at 8228 Green Lake Drive N., have sold for a little over $22.2 million, according to King County records. The sellers were GRE Green Lake LLC, an entity of Goodman Real Estate, and a former Goodman employee with a 1.8% share in the project. Goodman acquired the land in 2015 for $1.5 million, then developed it.
Source The recently completed 205 Apartments, at 1795 N.E. 205th St. in Shoreline, have sold for just over $20.9 million, according to King County records. The seller was GRE 205th LLC, associated with Goodman Real Estate, which acquired the land in 2014 for $1.7 million, then developed it.
Source A 1-acre corner development site at 16101 N.E. 87th St. in Redmond has sold for $7.2 million, according to King County records. The buyer was GRE Redmond 87 LLC, which is associated with Goodman Real Estate. Public records indicate a loan from M&T Bank.
Source Unico Properties paid nearly $37 million for the historic Colman Building, King County property records show. The nearly 150,000-square-foot building at 811 First Ave. last sold in 1997 for $7.1 million to Colman Properties, according to public records, a limited partnership associated with Seattle developer John Goodman. Unico bought the property under the name Unico … Read more
Source A privately held California company is the new owner of a 230-unit Lynnwood apartment complex that Seattle-based Goodman Real Estate developed five years ago. Beverly Hills-based FSC paid Goodman $58 million for the garden-style Altia property, 16520 Larch Way, just off of Interstate 5 near Martha Lake. The sale shows that investors remain interested … Read more
Source Seattle-based Goodman Real Estate is adding property management to its real estate services by bringing in-house its existing onsite community property management team members across the 9,472 units it oversees in Washington state. The move will affect 280 full-time staff who will transition from Texas-based Pinnacle Property Management Services LLC to Goodman. Before the … Read more
Source On Thursday, December 20th, the Deer Creek Apartment Homes in Puyallup sold for $48.5 million, or approximately $189,453 per unit, King County records show. The buyer was Goodman Real Estate, a multifamily and commercial real estate company based in Seattle. The seller was Lowe Enterprise Investors, a private real estate investment company based in … Read more
Source Interbay Work Lofts, at 1631 15th Ave. W., has sold for almost $19.5 million, according to King County records. The seller was 1631 15th Ave W LLC, a venture of Goodman Real Estate and Fred Grimm (formerly of Triad), which acquired the land in 2000 for $760,000 and developed it a dozen years later. There were … Read more