News & Press

Source Two years after paying $7.2 million for an old automotive property in downtown Redmond, Goodman Real Estate has filed a redevelopment plan for the 1-acre corner at 16101 N.E. 87th St. Grouparchitect will present the five-story, 134-unit proposal to that city's design review board on Thursday, in what will be a virtual meeting. READ MORE

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

Source After sitting vacant for four years, the abandoned Kmart site at 5132 Sixth Ave. in Tacoma will soon see new life. Work should begin early next year on an 18-building apartment development with 408 units, 530 parking spaces and a pool. Seattle-based Goodman Real Estate recently filed a land use permit for the 10.6-acre… READ MORE

Source It's been years since Seattle-headquartered Goodman Real Estate has developed a project in Tacoma, but now it's planning a sizable development where Kmart operated until closing four years ago. Goodman recently paid $14 million for the 10.6-acre property at 5132 Sixth Ave., in the Central Tacoma neighborhood up the street from the Tacoma Boys… READ MORE

Source When it was the La Mirage Apartments two years ago, the 1980s-era complex in Kent sold for $32.5 million. Now it's the Knol, and it has traded hands for $44.5 million. The difference was a "full-blown renovation" of the 216-unit East Hill property at 11239th SE 260th St., said George Petrie, CEO of Goodman Real… READ MORE

Source Equity Residential this week paid $48.86 million for the new Notch Apartments in suburban Newcastle, according to public records. It's an unusual move for Equity Residential in the Puget Sound region, where many of its 38 properties are in downtown Seattle. Goodman Real Estate of Seattle sold the 158-unit mid-rise development at 13800 Golf… READ MORE

Source Goodman Real Estate and Ginny Gilder, a co-owner of the Seattle Storm, have sold a four-story apartment building in the city's Interbay area for $33.75 million, according to public records. It's the latest acquisition for Rise Properties Trust, which has been on a buying spree in Washington state. Rise, a Canadian real estate trust that's… READ MORE

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

Source Seattle, Wash. – Kidder Mathews’ multifamily investment team led by Dylan Simon and Jerrid Anderson closed the sale of Inlet View Apartments, located in the city of Silverdale, Washington, in Kitsap County. The property sold for $16,200,000, equivalent to $162,000 per unit and just under $218 per net rentable square foot. Inlet View Apartments… READ MORE

Source California-based Glen Una Management recently sold Greensview Apartment Homes to Seattle-based Goodman Real Estate Inc. for $28.4M, according to public records. The 144-unit apartment building is located at 1520 West Casino Road in Everett. The last sale of note took place in 1991 when Kenneth and Gloria Levy purchased it from Himmel Corp. for… READ MORE

Source The Bradbury Apartments, at 718 Cherry St., have sold for a little over $7.4 million, according to King County records. The seller was Bradbury Apartments LP, associated with Goodman Real Estate, which had owned the property for decades. READ MORE

Source The 217-unit apartment complex is another addition to Equity Residential’s national portfolio of over 300 multifamily properties. Goodman Real Estate has sold the recently completed Phase I of The Lane apartments to Equity Residential for just under $84.9 million. Both parties used LLCs in the transaction, which King County recorded on Thursday. READ MORE

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. READ MORE

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. READ MORE