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.

CEO Ghislain d’Humières and the Norton Museum of Art, West Palm Beach, Fla.
Museums · Development
Florida

Flush With Donations and Art, West Palm’s Norton Museum Proposes Upgrade

By Jeff Ostrowski
Extell's Gary Barnett and the Metropolitan Club, 1 East 60th Street.
Air Rights · Investments & Sales
New York City

Gary Barnett’s Extell Stays Busy in Manhattan With $40M Air Rights Deal

By Amanda Schiavo
STORE Capital's President/CEO Mary Fedewa and Tyson's Corner, Va.
Educational · Investments & Sales
Virginia

STORE Capital Buys NoVa Office Campus for $103M

By Nick Trombola
Rockefeller Group's Daniel Moore (top), Atlas Capital Group's Jeffrey Goldberger (center) and Andrew Cohen, and 200 West 97th Street.
Place of Worship · Investments & Sales
New York City

Catholic Church Sells 200 West 97th Street to Housing Developers for $96M

By Mark Hallum
The Learning Experience CEO Richard Weissman and a Learning Experience location.
Special Purpose · Leases
California

The Learning Experience Expanding Further Into SoCal and DMV

By Nick Trombola
Alexander Smith (top), Lindsay Ornstein and 517 W 164th Street.
Educational · Leases
New York City

Zeta Charter Schools to Open First High School in 35K SF at 517 West 164th Street

By Amanda Schiavo
Los Angeles Mayor Karen Bass and Los Angeles Memorial Coliseum.
Arenas/Stadiums · Finance
California

L.A. Schedules $100M in Upgrades at Exposition Park Ahead of Olympics

By Nick Trombola
Rendering of Sphere National Harbor.
Arenas/Stadiums · Development
Maryland

Second Entertainment Sphere Planned Near D.C.

By Nick Trombola
Meridian Capital Group's Bobby Ortense (top) and James Famularo (bottom), and 62 Thomas Street.
Theaters · Leases
New York City

Voss Events Takes Three Floors at Former Buddha Bar Space

By Larry Getlen
A boy atop the New York skyline.
Educational
New York City

Mamdani’s Free Child Care Plan Raises More Questions Than Answers

By Larry Getlen
Verada Retail's Nathaniel Mallon (top) and David Dubinsky (bottom), and 168 Montague Street, Brooklyn.
Educational · Leases
New York City

Blooming Prep Signs 11K-SF Sublease at 168 Montague Street in Brooklyn Heights

By Mark Hallum
A 2022 rendering of the school at 45-20 83rd Street.
Educational · Investments & Sales
New York City

Renaissance Charter School Buys Queens Building for $85M

By Mark Hallum
A concert at Brooklyn Mirage.
Theaters · Finance
New York City

Site of Troubled Brooklyn Entertainment Complex Sells for $110M

By Larry Getlen
Jason Carney.
Special Purpose · Development
New York City

Jason Carney of Gensler: 5 Questions

By Larry Getlen
Waverly Neer of New York City Economic Development Corporation, and inside MADE Bush Terminal, Brooklyn.
Theaters · Development
New York City

Public Records Bringing New Live Events Venue to Brooklyn’s Sunset Park

By Larry Getlen
Brian Ezra, partner at Avery Hall, and a rendering of 544 Carroll Street, Brooklyn.
Educational · Leases
New York City

Purple Crayon Preschool Takes 5K SF at 544 Carroll in Brooklyn

By Amanda Schiavo
Inter Miami CF owner Jorge Mas, Lionel Messi, David Beckham, and a rendering of Miami Freedom Park.
Arenas/Stadiums · Leases
Florida

Inter Miami Soccer Stadium Project Scores First Retail Tenants

By Jeff Ostrowski