2025 Year in Review: Robert Hebron, Hebron Realty

What transaction, project, or key moment best reflected the direction of the New York CRE market this year? It would be hard to argue against the election of Zohran Mamdani as the incoming mayor of New York City. He ran on a platform of “affordability” with many promises of cost-of-living reductions and dramatically more affordable housing. Building owners have concerns that existing commercial spaces may be selected as potential housing conversions or that potential zoning changes will impact the value and usability of their assets.

What accomplishment, milestone, project or transaction stood out for you or your firm in 2025? With the retirement of the firm’s founders Robert Hebron, Sr. and Paula Ingram, my son Rob and I took over the former Ingram & Hebron Realty practice. It is now known as Hebron Realty. Our office is located at 16 Court St. in downtown Brooklyn, on the same block where we have practiced commercial real estate for the past 25 years. There is no CRE firm better positioned or more experienced in the Downtown Brooklyn submarket.

What emerging trends or shifts will shape opportunities for you, your firm, or market sector in 2026? With current hyper-local to international political upheavals, the effects of which touch virtually every aspect of the CRE business, we have found that almost every aspect of the CRE realm is moving with extreme caution. For example, a large component of the tenant base in our Downtown Brooklyn submarket is comprised of non-profit entities, many of which operate with funding from numerous governmental sources. We are repeatedly hearing that with their funding streams being presently uncertain, that substantial financial commitments are difficult to make.