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.

Eric Plesman.
Special Purpose · Players
Toronto

Eric Plesman to Rejoin Oxford Properties Group as President and CEO

By Larry Getlen
An aerial shot of a private prison.
Government/Military
National

Private Prisons: An Exceptionally Niche Asset Class Meets Its Moment

By Patrick Sisson
The Bronx General Post Office at 558 Grand Concourse, the Bronx.
Educational · Leases
New York City

CUNY Leases Bronx General Post Office Building

By Larry Getlen
Dr. Charles Gibbs, president Metropolitan College of New York, and MCNY at 40 Rector Street.
Educational · Investments & Sales
New York City

Metropolitan College to Sell Lower Manhattan Campus to CUNY for $40M

By Isabelle Durso
People walk by the General Services Administration (GSA) building in Washington, D.C.
Government/Military · Players
Washington DC

Andrew Heller Named Acting Public Buildings Service Commissioner

By Nick Trombola
Ari Pearl, founder and CEO of PPG Development.
Residential · Development
Florida

5 Questions With Ari Pearl of PPG

By Jeff Ostrowski
Premium
Meridian Capital Group's John Roesch (top), Compass's Yossi Capland (bottom), and 513-531 West 26th Street.
Educational · Leases
New York City

Music School Takes 4K SF at Chelsea Landmark

By Larry Getlen
Premium
A rendering of Soloviev Group's proposed Freedom Plaza project.
Special Purpose · Development
New York City

Freedom Plaza Puts Workers First — That’s Why I Support It

By Stuart Appelbaum
Premium
A man in a Mets cap with his arms folded.
Arenas/Stadiums · Development
New York City

New York’s Latest Real Estate Power Player? Mets Owner Steve Cohen

By Andrew Coen
Premium
A pencil and eraser on a sketch of the Health and Human Services Building in Washington, D.C.
Government/Military · Features
Washington DC

Six Months Into Trump 2.0, D.C. Is Still Finding Its Footing

By Nick Trombola
Premium
MOD Commercial Realty's Eddie Mamiye (top), Newmark's Neal Ohm (bottom), and children playing at a preschool.
Educational · Leases
New York City

Mandarin-Immersion Montessori School Coming to Park Slope

By Larry Getlen
Premium
Phil Mendelson, Chairman of the Council of the District of Columbia, and RFK Stadium in Washington, D.C.
Arenas/Stadiums · Development
Washington DC

D.C. Council, Washington Commanders Reach Revenue Deal on RFK Stadium Project

By Nick Trombola
Premium
Columbia Property Trust Head of Real Estate Ted Koltis and 1800 M Street, Washington, D.C.
Government/Military · Leases
Washington DC

Government Agencies Renew for Combined 57K SF at D.C. Tower

By Nick Trombola
Premium
An illustration of a man writing odds on a blackboard.
Special Purpose · Leases
New York City

New York’s Casino Race Has No Clear Favorites Six Months Out

By Mark Hallum
Premium
Eddie Mamiye (top) and Meyer Dagmy (bottom) of MOD Commercial Realty, and children listening in a preschool.
Educational · Leases
New York City

New Preschool Coming to Brooklyn’s Clermont Armory Site

By Larry Getlen
Premium
Boys’ Club of New York’s Executive Director Stephen Tosh and a classroom at 565 Morris Avenue, the Bronx.
Special Purpose · Leases
New York City

Boys’ Club to Open 33K-SF Clubhouse in the Bronx

By Larry Getlen
Premium
Red Apple President and COO John Catsimatidis Jr. (top); RIPCO Real Estate's Max Greengrass (center) and Michelle Abramov (bottom), and a parking garage entrance sign.
Special Purpose
New York City

Red Apple Real Estate Inks Four Garage Leases in New York

By Amanda Schiavo
Premium