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.

Office of Management and Budget Director Russell Vought and the James V. Forrestal Federal Building, Washington, D.C.
Government/Military · Investments & Sales
Washington DC

Trump Administration Greenlights Quick Disposal of Massive Federally Owned Offices

By Nick Trombola
A worker transports plastic crates filled with orders at a distribution center.
Warehouse · Development
Virginia

Kane Affiliate Plans Non-Data Center Industrial Facility in NoVA

By Nick Trombola
The former St. Joseph Church at 53 Catherine Street.
Place of Worship · Development
New York City

Rivington Files Plans to Convert Two Bridges Church Into Housing

By Isabelle Durso
Washington, D.C. Mayor Muriel Bowser and a rendering of the Washington Commanders proposed stadium.
Arenas/Stadiums · Development
Washington DC

D.C. Mayor Bowser Unveils Plan to Fund RFK Stadium Redevelopment

By Nick Trombola
175-05 Horace Harding Expressway, Queens.
Multifamily · Development
New York City

Developer Seeks to Turn Former St. John’s University Building Into Housing

By Isabelle Durso
GSA Administrator Stephen Ehikian and the Los Angeles Spring Street Courthouse in the 1940s.
Government/Military · Investments & Sales
California

Federal Courthouse in Downtown L.A. Added to GSA Disposal List

By Nick Trombola
Premium
Gene Seroka, Executive Director of the Port of Los Angeles.
Government/Military · Policy
National

U.S.-China Tariff Pause Leaves Uncertain Path for Industrial Real Estate and Imports

By Nick Trombola
Premium
New Jersey Community Capital CEO Bernel Hall and a rendering of The Hip Hop Museum, The Bronx.
Museums · Finance
New York City

Bronx Hip Hop Museum Gets $8.5M Financing From N.J. Community Capital

By Isabelle Durso
Premium
307 East 63rd Street.
Educational · Leases
New York City

Goddard School Takes 15K SF at 307 East 63rd Street for UES Campus

By Isabelle Durso
Premium
Martin S. Dorph, executive vice president at NYU.
Educational · Players
New York City

Martin Dorph, Who Oversees NYU’s Real Estate Portfolio, to Retire

By Isabelle Durso
Premium
Six Flags CEO Richard Zimmerman and the Super Man: Ride of Steel roller coaster at Six Flags America, Bowie, Md.
Development Rights · Investments & Sales
Maryland

Maryland’s Six Flags America Set to Close and Be Sold for Redevelopment

By Nick Trombola
Premium
All Hallows High School in The Bronx.
Educational · Investments & Sales
New York City

Housing Developer Azimuth to Buy Closing Bronx Catholic School for $24M

By Isabelle Durso
Premium
A rendering of the Belmont Park updated track.
Arenas/Stadiums · Development
National

Famed Horse Racing Spots — Including the Triple Crown Venues — Get Makeovers

By Anna Staropoli
Premium
Inter Miami CF owner Jorge Mas, Lionel Messi, David Beckham, and a rendering of Miami Freedom Park.
Arenas/Stadiums · Finance
Florida

Lionel Messi-Led Inter Miami Nets $650M for Big Soccer Stadium

By Julia Echikson
Premium
Washington, D.C., Mayor Muriel Bowser and Washington Commanders fans at a home game.
Arenas/Stadiums · Development
Washington DC

Washington Commanders Plan Return to D.C. After 29 Years

By Nick Trombola
Premium
Helmsley Spear's Kent Swig and 25 Broadway.
Educational · Leases
New York City

Empire Education Keeps 40K-SF Campus at 25 Broadway

By Isabelle Durso
Premium
GSA Administrator Stephen Ehikian and One and Two Constitution Square, Washington, D.C.
Government/Military · Leases
Washington DC

Trump Administration Downsizes DOJ Office Lease in D.C.

By Nick Trombola
Premium