Special Purpose

Special purpose real estate news and analysis focusing on the trends, developments, and investments shaping unique properties, from arenas and stadiums to air rights, museums and theaters. With insights into market demand, capital strategies, and emerging opportunities, Commercial Observer is the definitive resource for CRE professionals navigating this specialized sector.

Matthew Sprayregen (top), Andrew Esposito (bottom), and 1780 East Tremont Avenue in The Bronx.
Educational · Finance
New York City

Apex Development, Knickpoint Ventures Secure $60M Financing for Bronx Charter School

By Emily Davis
815 Second Avenue.
Place of Worship · Investments & Sales
New York City

Episcopal Church Puts Manhattan HQ at 815 Second Avenue on the Market

By Amanda Schiavo
President Donald Trump sits in the Oval Office of the White House before signing a proclamation in June.
Government/Military · Investments & Sales
National

Trump’s Federal Building Selloff Runs Into $26B Repair Backlog

By Greg Cornfield
Country music bars line Broadway in Nashville.
Retail · Features
Tennessee

Nashville’s Indy, Corporate Club Owners Both Try to Make Enough at the Door

By Andrew Coen
Simone Development's Joe Simone and Hutchinson Metro Center in the Bronx.
Educational · Leases
New York City

NYC Public Schools to Build New 54K-SF STEAM Center in the Bronx

By Isabelle Durso
Workers install the pitch at New York New Jersey Stadium (temporarily renamed from MetLife stadium) in East Rutherford, N.J. ahead of the 2026 FIFA World Cup.
Restaurants · Technology
New York City

Hey, Retailers, the Soccer Ball’s in Your Court This World Cup

By Carla Hinson
Platinum Commercial's Steven Evans (top), Joseph Zalta (center) and Emre Bozkurt, and 30 Wall Street.
Educational · Leases
New York City

Shirley Aninias School Signs 23K-SF Lease at 30 Wall Street

By Isabelle Durso
The Kelleher Center at St. John's University Staten Island campus, President of St. John’s University the Rev. Brian Shanley (top), Arthur Mirante (center) and David Carlos.
Educational · Investments & Sales
New York City

St. John’s Reaches Deal With Wagner College to Sell Staten Island Campus

By Mark Hallum
Hasbro CEO Chris Cocks and The Lot at Formosa in West Hollywood, Calif.
Office · Leases
California

Hasbro Leases 31K Square Feet of Office Space at Hollywood Campus

By Greg Cornfield
Miami Dolphins owner Stephen Ross (top), National Football League Commissioner Roger Goodell, and Hard Rock Stadium in Miami.
Arenas/Stadiums · Development
Florida

Miami Dolphins Owner Ross Laments Lack of Super Bowls Held at His Stadium

By Jeff Ostrowski
William Macklowe Company CEO Billy Macklowe (top), RIPCO's Jason Pennington, and a rendering of Paseo on Fifth at 120 Fifth Avenue, Brooklyn.
Educational · Leases
New York City

Russian School of Mathematics Signs 3K-SF Lease at Brooklyn’s Paseo on Fifth

By Mark Hallum
Top Rock Holdings's Uri Mermelstein and 106-06 Queens Boulevard, Queens.
Place of Worship · Investments & Sales
New York City

Forest Hills Synagogue to Sell to RJ Capital, Top Rock Holdings for $39M

By Emily Davis
President Donald Trump and a rendering of his presidential library in downtown Miami.
Development Rights
Florida

First Look at Trump’s Supertall Presidential Library in Miami

By Julia Echikson
Kingsbridge Armory.
Development Rights · Columnists
New York City

New York’s Kingsbridge Armory Debacle — Or, When Ideology Replaces Common Sense

By Robert Knakal
Live Nation's corporate office in Beverly Hills, Calif., and CEO Michael Rapino.
Arenas/Stadiums · Investments & Sales
National

Live Nation Could Sell 10 Venues as Part of Antitrust Settlement

By Nick Trombola
FBI Director Kash Patel and the National Children's Museum in Washington, D.C.
Museums · Leases
Washington DC

FBI’s HQ to Displace National Children’s Museum in D.C.

By Nick Trombola