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.

175-05 Horace Harding Expressway, Queens.
Multifamily · Development
Queens

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
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
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
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
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
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
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
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
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
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
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
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
Secretary of Housing and Urban Development Scott Turner and Robert C. Weaver Federal Building in Washington, D.C.
Government/Military · Investments & Sales
Washington DC

GSA Adds Distinctive HUD HQ to ‘Accelerated Disposal’ List

By Nick Trombola
Premium
President Donald Trump and the Jacob K. Javits Federal Building in Manhattan.
Government/Military · Policy
National

Trump Wants Federal Agencies to Disregard Downtown Office Hubs

By Nick Trombola
Premium
Newmark's Ross-Berkowitz, Ravi-Idani and Aric-Trakhtenberg, and a pre-school classroom.
Educational · Leases
New York City

Goddard School Takes 10K SF in Greenpoint for First Brooklyn Campus

By Isabelle Durso
Premium
SoLa founder and CEO Martin Mutoto and Crenshaw Lofts.
Multifamily · Finance
California

SoLa Secures $29M to Expand Community Development Space in South L.A.

By Nick Trombola
Premium