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.

The Kelleher Center at St. John's University Staten Island campus, President of St. John’s University the Rev. Brian Shanley (top), Arthur Mirante (center) and David Carlos.
Educational · Investments & Sales
New York City

St. John’s Reaches Deal With Wagner College to Sell Staten Island Campus

By Mark Hallum
Hasbro CEO Chris Cocks and The Lot at Formosa in West Hollywood, Calif.
Office · Leases
California

Hasbro Leases 31K Square Feet of Office Space at Hollywood Campus

By Greg Cornfield
Miami Dolphins owner Stephen Ross (top), National Football League Commissioner Roger Goodell, and Hard Rock Stadium in Miami.
Arenas/Stadiums · Development
Florida

Miami Dolphins Owner Ross Laments Lack of Super Bowls Held at His Stadium

By Jeff Ostrowski
William Macklowe Company CEO Billy Macklowe (top), RIPCO's Jason Pennington, and a rendering of Paseo on Fifth at 120 Fifth Avenue, Brooklyn.
Educational · Leases
New York City

Russian School of Mathematics Signs 3K-SF Lease at Brooklyn’s Paseo on Fifth

By Mark Hallum
Top Rock Holdings's Uri Mermelstein and 106-06 Queens Boulevard, Queens.
Place of Worship · Investments & Sales
New York City

Forest Hills Synagogue to Sell to RJ Capital, Top Rock Holdings for $39M

By Emily Davis
President Donald Trump and a rendering of his presidential library in downtown Miami.
Development Rights
Florida

First Look at Trump’s Supertall Presidential Library in Miami

By Julia Echikson
Kingsbridge Armory.
Development Rights · Columnists
New York City

New York’s Kingsbridge Armory Debacle — Or, When Ideology Replaces Common Sense

By Robert Knakal
Live Nation's corporate office in Beverly Hills, Calif., and CEO Michael Rapino.
Arenas/Stadiums · Investments & Sales
National

Live Nation Could Sell 10 Venues as Part of Antitrust Settlement

By Nick Trombola
FBI Director Kash Patel and the National Children's Museum in Washington, D.C.
Museums · Leases
Washington DC

FBI’s HQ to Displace National Children’s Museum in D.C.

By Nick Trombola
Schubert Organization Chairman and CEO Robert E. Wankel and the Imperial Theatre.
Theaters · Development
New York City

Shubert Organization Files Plans to Significantly Expand Midtown’s Imperial Theatre

By Isabelle Durso
Amazon CEO Andy Jassy (top), George Washington University President Ellen Granberg, and a George Washington University sign.
Data Centers · Investments & Sales
Virginia

Amazon Pays $427M for 122-Acre NoVA Campus

By Nick Trombola
Rafi Benor (top), and Eli Yadid of KSRNY and 526 Baltic Street in Brooklyn.
Educational · Leases
New York City

Erudite Preschool to Open 4K-SF School at Brooklyn’s 526 Baltic Street

By Amanda Schiavo
General Services Administration administrator Ed Forst and the Department of Agriculture South Building in Washington, D.C.
Government/Military · Investments & Sales
Washington DC

Trump Administration to Ditch 2M-SF Agriculture South Building in D.C.

By Nick Trombola
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