What Downtown Development Group does

Downtown Development Group LLC is a Portland, Oregon-based, family-owned commercial real estate development and investment firm that develops, owns, and leases more than 2.5 million square feet of residential, industrial, retail, and office property across downtown Portland and select U.S. markets (Portland metro, Madison WI, Ridgefield WA, Houston TX). The company traces its roots to 1955 through the Goodman family's ownership of City Center Parking; following the 2012 sale of that parking business, the family retained the underlying real estate and re-platformed it as DDG, which has since acquired more than 60 commercial properties. The portfolio spans Class A apartments (230 Ash, 11W, Twelve West/Indigo), industrial/logistics facilities (Portal Industrial Center Phase II, Stafford Distribution Center, Greywolf Industrial I, Ridgefield, Northcourt), urban retail (Kress Building, Pioneer Park & Peck, West Hills Plaza), and office/historic assets (Power & Light, Culver, Crown Plaza, Deschutes Brewery), with approximately 25 entitled Opportunity Zone development sites available for ground lease or co-investment in the Ankeny Blocks, Pearl, West End, and Bridgeheads sub-districts.

The business is built around three revenue streams: recurring rental income from leased commercial space, one-time proceeds from property sales (Twelve West/Indigo and Power & Light are already listed as sold), and capital-partner economics from ground leases and co-investment on Opportunity Zone development sites. Pricing is quote-based and negotiated per asset rather than publicly disclosed. DDG leases primarily to enterprise and institutional tenants—Nike, Sephora, Starbucks, Chase, Capital One, First Republic, Federal Reserve, WeWork, US Bank, Columbia Sportswear, Deschutes Brewery, University of Wisconsin Health, BedTech, Rockwell Collins, and others—using a sales-led model with direct tenant relationships for most properties and selective third-party broker representation (e.g., CRA Northwest for 230 Ash retail) where specialized channels add reach. Marketing is concentrated on the corporate website (ddgportland.com) with property inquiry forms and direct phone/email contact, reflecting a relationship-driven, B2B GTM posture typical of closely-held institutional-quality landlords.

Operationally, DDG runs with an 11–50 employee footprint led by the Goodman family (Doug Goodman as Founder; Mark and Greg Goodman as Co-Chairmen; Matthew Goodman as Co-President following stints at JP Morgan Global Real Assets and GI Partners; Stephen Goodman overseeing ground-up construction) alongside institutional hires including a CFO with Opportunity Zone expertise (Michael Lortz), a Director of Asset Management with over $2B in executed investment sales (Adam Taylor), an in-house General Counsel (Matthew Kahl), and a Senior Property Manager (Rhonda Schlosser). The company pursues sustainability-driven asset quality—LEED Platinum certifications at 230 Ash and Twelve West (winner of the 2010 AIA/COTE Top Ten Green Projects Award)—and has strategic exposure to Opportunity Zone tax-advantaged development, while holding its largest single geographic exposure concentrated in downtown Portland.

Name

Downtown Development Group

Legal name

Downtown Development Group LLC

Website

https://ddgportland.com

Company type

Private

Founded year

1955

Operating status

Operating

Headcount range

11–50 employees

Short description

Family-owned Portland commercial real estate firm that develops, owns, and leases more than 2.5 million square feet of residential, industrial, retail, and office space across the Pacific Northwest and select U.S. markets, serving enterprise tenants via direct leasing and co-investment.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Land Subdivision (23721), Land Subdivision (237210)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Commercial real estate
• Property development
• Commercial leasing
• Opportunity zone development
• Property investment

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Commercial Real Estate Leasing: DDG generates revenue through leasing residential, industrial, retail, and office space to tenants. The company owns over 1.5 million square feet of commercial space and develops new properties for lease. Revenue includes ground lease opportunities and traditional tenant leases.
2. Property Sales and Acquisitions: The company acquires commercial properties and sells developed properties, such as the Power & Light Building and Twelve West which are listed as sold. Over the past 50 years DDG has acquired over 60 pieces of commercial property.
3. Ground Lease and Co-Investment: DDG offers co-investment and ground lease opportunities for Opportunity Zone development sites. Development sites are available for land lease and land with potential additional equity contribution.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Downtown Development Group (DDG) is a Portland-based commercial real estate development and investment firm that owns, develops, leases, and sells office, retail, industrial, and residential properties in Portland's Central Business District. The company owns more than 1.5 million square feet of Class A commercial space across multiple sub-districts, plus approximately 25 Opportunity Zone development sites available for ground lease or co-investment.

Product overview

Downtown Development Group is a Portland-based real estate development and investment firm offering a portfolio of commercial properties across multiple asset classes. The company operates a diverse portfolio including residential properties (230 Ash, 11W, Indigo Apartments), industrial facilities (Portal Industrial Center, Stafford Distribution Center, Greywolf Industrial I), retail buildings (Kress Building, Pioneer Park Building, Pine Street Annex, West Hills Plaza), and office/commercial properties (Culver Building, Crown Plaza, Power & Light Building, Twelve West). The company also manages approximately 25 Opportunity Zone development sites available for ground lease or co-investment. Their properties span Portland's Central Business District, Pearl District, West End, and Ankeny Blocks areas, with additional industrial holdings in Wilsonville, Ridgefield WA, Madison WI, and Houston TX. The company is owned by the Goodman Family and focuses on pride of ownership with LEED Platinum and historic renovation projects.

Differentiator

Problem solved

Functional benefit

Products and services

• 230 Ash 133-unit Class A apartment building with ground floor retail and subterranean parking in the Ankeny Blocks district, including 20% affordable housing per City of Portland guidelines.
• 11W Mixed-use development in the West End featuring Class A office space and apartments above ground floor retail with subterranean parking.
• Portal Industrial Center Phase II Class A 360,000 SF distribution facility in Gresham, OR featuring 30-foot clear heights, ESFR sprinklers, and e-commerce overlay.
• Pioneer Park & Peck Buildings 75,000 SF retail building at Broadway and Morrison in downtown Portland's retail core, listed on the National Historic Register.
• Culver Building 26,000 SF renovated building in the West End District with full seismic retrofit and new penthouse addition.
• Pine Street Annex Quarter-block retail property in the Ankeny Blocks located at 106-116 SW Pine Street.
• Opportunity Zone Development Sites Portfolio of approximately 25 Opportunity Zone development sites of varying sizes and entitlements in downtown Portland available for co-investment or ground lease.
• 7200 S 10th St., Ridgefield, WA 107,954 SF Class A industrial facility on the I-5 corridor between Portland and Seattle, fully leased to BedTech.
• Greywolf Industrial I, Madison, WI 138,802 SF Class A industrial facility in Madison, WI, fully leased to University of Wisconsin Health.
• Stafford Distribution Center 250,000 SF industrial property in Wilsonville consisting of four high-cube warehouse buildings near I-5.
• Deschutes Brewery Historic 10,000 SF renovation of the Jim Stevens Armory Autoworks, on the US and State Historic Register.
• Kress Building 72,000 SF historic retail building at SW 5th and Morrison housing Nike flagship store, Sephora, and Starbucks.
• Power & Light Building 265,000 SF, 16-floor historic renovation at Sixth and Taylor housing Fogo de Chao, US Bank, and WeWork, listed on National Historic Register.
• Crown Plaza 271,000 SF office building with 800-stall parking facility at SW First and Clay, owned in partnership with Melvin Mark Properties.
• West Hills Plaza 70,000 SF shopping center at SW Barnes and Miller Roads featuring QFC, Banfield Pet Hospital, JP Morgan/Chase, and other retailers.

Named customers30 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Melvin Mark PropertiescoreStrategic or Co-development PartnerCrown Plaza complex is owned in partnership with Melvin Mark Properties. The property includes a full block 271,000 SF office building and 800-stall parking facility.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Melvin Mark Properties: Portland-based commercial real estate company that already co-owns Crown Plaza with DDG. Operates Class A office, industrial, and retail properties in the Pacific Northwest, making it the most direct peer given shared geography, asset classes, and existing partnership.
• Unico Properties: Seattle-based private real estate investor, owner, developer, and manager of office and mixed-use properties throughout the West Coast. Comparable in scale and strategy as a privately-held, family/closely-held CRE firm operating trophy urban office and mixed-use assets.
• Vulcan Real Estate: Paul Allen's private real estate development company that transformed Seattle's South Lake Union. Comparable as a privately-held, single-family-controlled CRE developer focused on urban mixed-use districts with entitled land, similar to DDG's Ankeny Blocks strategy.
• Gerding Edlen: Portland-based sustainable real estate developer specializing in mixed-use, office, and multifamily properties. Highly comparable in Pacific Northwest focus, sustainability credentials (LEED Platinum), and Class A urban development approach.
• Beam Development: Portland-focused real estate development firm building creative office, industrial, and mixed-use projects. Comparable as a Pacific Northwest developer with similar asset class mix and urban infill focus.
• Killian Pacific: Portland-area real estate development and investment firm specializing in office, industrial, and mixed-use projects. Comparable in Pacific Northwest geography, asset class mix, and private development approach.

Broad incumbents

• American Assets Trust: Diversified publicly-traded REIT owning office, retail, multifamily, and mixed-use properties on the West Coast. Comparable in multi-asset-class CRE strategy though much larger and institutional, providing a public-market reference point.
• Shorenstein Properties: Privately-held major U.S. office and mixed-use real estate investor. Comparable as a large private CRE company with urban Class A office focus, providing scale and governance contrast to DDG's family-owned structure.
• Opus Group: National real estate development company delivering office, industrial, multifamily, and mixed-use projects. Comparable as a diversified CRE developer though much larger and institutionally backed.
• Trammell Crow Company: Major U.S. commercial real estate developer and investor with industrial, office, and mixed-use focus. Comparable in multi-product CRE development strategy and serves as a useful benchmark for institutional CRE development scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks2 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/downtown-development-group-llc

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Downtown Development Group