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CrashMan said:
I wish they would have made a second Goonies movie back in the 80s with the full original cast (except maybe the fratellis)

I just looked up the movie on Wikipedia since it does seem strange that they never released a sequel to that movie and here it what it says:

http://en.wikipedia.org/wiki/The_Goonies#Reception

Sequel and musical adaptation

A film sequel was in the works, something long desired by fans. Donner said that he had a story he liked and Spielberg behind him, but in 2004 several of the actors from the original revealed that Warner Brothers, the copyright holder, had not shown interest in a sequel.[8] Richard Donner has expressed doubt that the sequel will ever happen.[9] Also, an animated series was apparently briefly in the works for Cartoon Network, before being shelved due to contract disputes over using the actors' likenesses.[10] However, Entertainment Weekly reported in March 2007 that a musical adaptation of the film is being discussed. "Steven and I have discussed it, and it's something that I'm fairly passionate about right now," Donner says.[11] Additionally, Sean Astin told MTV in October 2007 that Goonies 2 is an "absolute certainty.... The writing’s on the wall when they’re releasing the DVD in such numbers."[12]