News & Press
Source A three-story building on Seattle’s waterfront made famous 27 years ago by seven strangers on MTV’s “The Real World” has a new owner. Landmark Event Co. President Dru Agarwal told The Seattle Times he purchased Pier 70 for $11 million on Wednesday. He intends to build out a space for the AI2 Incubator, a… READ MORE
Source TACOMA — An apartment complex at 3852 S. 29th St. sold last week for about $7.2 million, according to Pierce County records. The seller was GRE Sunrise Ridge LLC, associated with Goodman Real Estate, which acquired the property in 2011 for nearly $2.5 million. The buyer was Beverly Heights LLC, which is associated with… READ MORE
Source An area real-estate firm that’s logged several recent apartment sales in Pierce County has announced its latest transaction. Berkadia Seattle Investment Sales in late December closed on the sale of Sunrise Ridge Apartments, 3852 S. 29th St. in South Tacoma. The 36-unit site sold for more than $7.22 million. The property last sold in… READ MORE
Source A real estate investment firm sold three apartment complexes in the Parkland neighborhood of Tacoma, south of Seattle, in one of the largest multifamily sales of the year. Goodman Real Estate, based in Seattle, sold the Monterra, Miramonte and Heatherstone apartments for $102.6 million to American Capital Group, based in Bellevue, according to Institutional Property Advisors, a division of… READ MORE
Source Three apartment sites in the Parkland area recently gained new owners after more than 20 years. On Wednesday, Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of three multifamily properties totaling 557 units. The properties are Monterra Apartments, 416 111th St. Ct. E., Miramonte Apartments, 11216 18th Ave. S., and… READ MORE
Source Seattle-based Goodman Real Estate sold three South Sound apartment properties for $102.6 million in deals recorded by Pierce County on Tuesday. The three properties include the 157-unit Heatherstone at 1809 105th St. Court S. in Tacoma ($28 million); the 120-unit Miramonte at 11216 18th Ave. S. in Parkland ($20.6 million); and the 280-unit Monterra at 416… READ MORE
Source When it was built in 1911, the Addison on Fourth apartment complex was described as a diamond in Seattle’s International District. These days, the diamond is in default with Freddie Mac, and the value of the property has dropped from $40 million to $10 million. It’s not enough to cover the outstanding debt. “The… READ MORE
Source In the very northwest corner of Redmond, Cru at Willows 124 is the new name for a recently completed six-story, 195-unit apartment project at 12377 137th Place N.E. READ MORE
Source A Japan-based financial company bought an apartment complex in Kent, about 20 miles south of Seattle, in the city's largest multifamily sale since 2022. READ MORE
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Source Gage on Sixth officially opened the first phase of its complex in May of this year. Initial development plans for around 400 units were filed with the city in the fall of 2021 and the project broke ground in April 2022. READ MORE
Source The Scottsdale Grand, a 285-unit apartment complex located at 15501 North Dial Boulevard in Scottsdale, Arizona, was sold for $117 million. This transaction resulted in an average price per unit of $410,526. READ MORE
Source The crane from Linden Comansa is up, and Goodman Real Estate is just above ground on a 195-unit apartment project in northwest Redmond, near Totem Lake. The new address at 12377 137th Pace N.E. doesn't yet map. It was subdivided then sold last year by Tri Pointe Homes, which is also underway on its 173-unit townhouse… READ MORE
Source SEATTLE –– CBRE announced the $44.5 million sale of Neely Station, a 190-unit multifamily community in Auburn, Washington, to a confidential buyer. Eli Hanacek, Jon Hallgrimson, Mark Washington and Kyle Yamamoto with CBRE’s Pacific Northwest-based multifamily team represented the seller, Goodman Real Estate Inc. The property is located at 1433 8th Street NE in Auburn,… READ MORE
Source Seattle-based Goodman Real Estate sold a pair of apartment complexes in South Tacoma on Friday for a total of $25 million. This is the first Puget Sound area acquisition for the buyer, Southern California-based Next Wave Investors. Next Wave's portfolio includes an apartment property in Spokane and another in Tualatin, Oregon, but most of… READ MORE