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Spotlight Content
Posted: December 23, 2025
2025 Year in Review: Anthony Pili, Orange Bank
Chief Innovation Officer
Orange Bank
What transaction, project, or key moment best reflected the direction of the New York CRE market this year?
The industrial and last-mile logistics sector is showing strong, stable growth, with major Bronx and NYC-area leases and financings driving demand for modern warehouse space. Orange Bank & Trust’s footprint aligns closely with this expansion. High-value sales like 1101 Oak Point Ave. and 158–164 Locust Ave. confirm inelastic demand, while the Bronx Logistics Center’s successful multi-story leasing sets the new standard for Class A urban industrial development.
What emerging trends or shifts will shape opportunities for you, your firm, or market sector in 2026?
The proposed Community Opportunity to Purchase Act (COPA), or Intro 902, would require owners of many NYC residential buildings to notify qualified nonprofits or tenant groups and give them a first opportunity to buy before selling. While it was expected to pass by late 2025, the bill aims to let nonprofits and community land trusts acquire properties, especially distressed ones, to preserve long-term affordability before they reach the private market.
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When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
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Quick Hits
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Columns and Thought Leadership
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
The strategy of co-op busting in commercial real estate - by Robert Khodadadian
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
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