Built in 1924 at 710 Second Ave., the property is the known asthe Dexter-Horton Building. The City of Seattle acquired thebuilding, which it occupied, in 1988 for $20 million. The city soldit to the Carlyle-Goodman joint venture in mid 2000 for $46 millionwith plans for a six-year phased move-out that will be completedlater this year, Goodman Real Estate president George Petrie tellsGlobeSt.com.

Published reports this week vary widely on how much theCarlyle-Goodman invested in the building beyond its purchase price.The figures ranged from $12 million to $34 million. The latternumber would mean the building didn't appreciate in value over thelast six years, which is unlikely. The $12-million figure is alsounlikely because the building required substantial repairs afterthe Nisqually earthquake in February 2001.

When asked about the $34-million number, Petrie told GlobeSt.comthat if that were the case "we wouldn't have sold it." The actualnumber is "about $20 million," he says.