News & Press

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

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. READ MORE

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.     READ MORE

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

Source There are several developments underway in Seattle’s Northgate neighborhood, but one mixed-use project will not yet proceed to the next stage of the city’s design review process. On Monday, August 6th, a 235-unit development slated for the north Seattle neighborhood was denied approval at an Early Design Guidance (EDG) meeting, with the board citing… READ MORE

Source La Mirage Apartments in Kent traded hands earlier this week in a $32 million deal that saw the property go for just over $148,000 per unit. The seller, according to public records filed with the county, is an entity associated with three members of the Goodman family (Dana, Shawn and Stephen Goodman), and the… READ MORE

Source For apartment-building sales in the Twin Cities metro, 2017 was a banner year. We have already reported about the astounding 19 offers that were made on the Riverwalk Townhomes and Flats, an apartment and office condo property in Minneapolis’ North Loop. The Cushman & Wakefield team of Lance Steiger and Robert Dulin represented the… READ MORE

Source Apartment and office condo property Riverwalk Townhomes and Flats has sold for $19.2 million, according to a Cushman & Wakefield announcement. The deal closed Dec. 15. Seattle-based Goodman Real Estate, a real estate investment company that specializes in multifamily and commercial real estate, bought the 96-unit apartment complex in the North Loop neighborhood of Minneapolis.… READ MORE

Source On Tuesday, December 12th, the Tria Apartments in Newcastle sold for $24 million, or roughly $315,789 per unit, according to public records filed with King County. The buyer of the asset was San Francisco-based Jackson Square Properties, a private real estate investment management company that specializes in the purchase and ownership of multi-family apartment… READ MORE