Summit $451 million deal for bankrupt NYC buildings approved

Real estate investment firm Summit Properties USA won court approval for its $451 million purchase of apartments placed into bankruptcy in May by Pinnacle Group LLC, overcoming legal objections from ...
Gothamist

Judge approves controversial sale of NYC rent-stabilized apartments over Mamdani's objections

A federal judge greenlit the sale of thousands of rent-stabilized apartments with over 6,300 open housing code violations, ...
Gothamist

Property records reveal family ties in bankruptcy sale of more than 5,000 NYC apartments

The company attempting to buy dozens of rent-stabilized apartment buildings owned by the firm Pinnacle Group has close ties ...

Summit to take over 5K apartments from Joel Weiner’s Pinnacle

Summit Properties is set to acquire over 5,000 rent-stabilized apartments for $451 million via a bankruptcy auction.
Commercial Observer

Summit Properties Wins Auction to Acquire 5,100-Unit Pinnacle Portfolio

After first submitting a bid in late December, Summit Properties won an auction Thursday to acquire more than 5,100 ...
Globes

Summit wins New York property auction despite mayor's intervention

The portfolio bought by Summit Properties USA consists of 5,100 housing units in 93 buildings in various parts of New York, ...
Bisnow

Summit Properties Wins Auction For 5,200-Unit Rent-Stabilized Portfolio

Summit Properties USA is set to take over a roughly 5,200-unit New York City apartment portfolio after no other bids emerged ...