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.

Eddie Mamiye (top) and Meyer Dagmy (bottom) of MOD Commercial Realty, and children listening in a preschool.
Educational · Leases
Fort Greene

New Preschool Coming to Brooklyn’s Clermont Armory Site

By Larry Getlen
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
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
Washington, D.C. Mayor Muriel Bowser (top), D.C. Council Chairman Phil Mendelson, and a rendering of the proposed Washington Commanders stadium.
Arenas/Stadiums · Development
Washington DC

D.C. Council Advances Budget Proposal, Including Stadium Funds

By Nick Trombola
University of Maryland President Darryll Pines and Rye Street Market at Baltimore Peninsula.
Educational · Leases
Maryland

UMD Inks 13K-SF Lease at Baltimore Peninsula for New MBA Campus

By Nick Trombola
FBI Director Kash Patel and the Ronald Reagan Building and International Trade Center, Washington, D.C.
Government/Military · Leases
Washington DC

FBI Moving HQ to Reagan Building Down the Street

By Nick Trombola
A person in a space suit sitting at a train station with a suitcase.
Hospitality · Development
National

Outer Space — Hospitality’s Final Frontier?

By Anna Staropoli
2415 Eisenhower Avenue, headquarters for the National Science Foundation, and Secretary of Housing and Urban Development Scott Turner.
Government/Military · Leases
Washington DC

HUD to Relocate D.C. Headquarters to NSF Building in Alexandria

By Nick Trombola
KSR's Eli Yadid and an elementary school classroom.
Educational · Leases
New York City

The Village School Takes 12K SF at 2069 Bruckner Boulevard in the Bronx

By Isabelle Durso
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
Premium
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
Premium
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
Premium
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
Premium
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
Premium
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