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.

Kenneth Aschendorf and Berndt Perl, managing partners at APF Properties, and 24 West 57th Street.

Investments & Sales · Development Site Sale

APF Properties Sells Midtown Development Site for $67M to Unknown Buyer

By Isabelle Durso

A medical building burns during the Eaton fire in Pasadena.

Development · IMPACT

L.A. Fires Destroy Commercial, Residential Properties as Response Lags: Updated

By Greg Cornfield

Architect Zoltan Pali, SPF:a.

Development · Architecture

Architect Zoltan Pali on 30 Years of Designing in L.A. and What’s Coming in 2025

By Nick Trombola

601 Union Street, Brooklyn.

Investments & Sales · Development Site Sale

Avdoo & Partners Buys Gowanus Development Site for $29M

By Isabelle Durso

Howard University President Dr. Ben Vinson III and a rendering of the university's Fusion Building project.

Development · Policy

Howard University Secures Initial Approval for 27-Acre Rezoning Near D.C. Campus

By Nick Trombola

Washington Commanders Managing Partner Josh Harris, Washington D.C. Mayor Muriel Bowser, and RFK Stadium.

Development · Policy

Congress Set to Transfer RFK Stadium Back to D.C. Control

By Nick Trombola

David Happ, president of Donohoe Commercial Real Estate, and FEMA headquarters in Washington, D.C.

Finance · CMBS

$130M Loan Tied to FEMA HQ in D.C. Transferred to Special Servicing Again

By Nick Trombola

California Governor Gavin Newsom, and the Inland Empire region.

Development · Policy

California’s AB 98 Poised to Regulate the State’s Runaway Industrial Sector

By Nick Trombola

S. Lawrence Davis, president and CEO of Shorewood Real Estate, and the development site at 350 Grand Concourse.

Investments & Sales

Shorewood Buys Bronx Development Site at 350 Grand Concourse for $29M

By Isabelle Durso

Campbell Smith, senior managing director of Trammell Crow Company's Midatlantic and North Carolina operations, and 7171 Cardinal Lane, Falls Church, Va.

Johns Hopkins Medicine Signs 68K-SF Medical Office Lease in NoVA

By Nick Trombola

GSA Public Buildings Commissioner Elliot Doomes, and 301 Seventh Street SW, Washington, D.C.

Investments & Sales · Policy

GSA to Jettison Eight More Federally Owned Office Buildings Nationwide

By Nick Trombola

David Zar, principal at Zar Property, and 119 West 57th Street.

Investments & Sales

Zar Property NY Buys 119 West 57th Street for $27M

By Mark Hallum

Ian Bruce Eichner of of Continuum Company, and the Community Church of New York at 40 East 35th Street.

Investments & Sales

Continuum Buys Midtown Church Property on East 35th Street for $66M

By Isabelle Durso

Executive Director and CEO of MoMath Cindy Lawrence, Chairman of MoMath John Overdeck, and a rendering of 635 Avenue of the Americas.

National Museum of Mathematics Moving to 34K SF at 635 Avenue of the Americas

By Isabelle Durso

A view of the Gowanus neighborhood in Brooklyn.

Investments & Sales · Development Site Sale

Goose Property Management Buys Brooklyn Development Site for $22M

By Isabelle Durso

Charles F. Stewart, CEO of Sotheby's, and the Breuer Building.

Investments & Sales

Sotheby’s Seals $100M Deal for the Breuer Building for New Headquarters

By Isabelle Durso

Ellen Granberg, president of George Washington University, and 2001 Pennsylvania Avenue in Washington D.C.

Investments & Sales

George Washington University Buys D.C. Office Building for $35M

By Nick Trombola

More