Despite efforts by Mayor Zohran Mamdani’s administration, Summit Properties is slated to take over more than 5,000 mostly rent-stabilized New York apartments from Joel Wiener’s Pinnacle Group. The ...
Summit Properties USA is set to take over a roughly 5,200-unit New York City apartment portfolio after no other bids emerged at a bankruptcy auction Thursday to beat its $451.3M offer. The sale, which ...
A lengthy and contemptuous bankruptcy case that the city enmeshed itself in at the eleventh hour finally reached a conclusion Friday afternoon. After nearly nine hours of cross examinations the day ...
Summit Properties is on a mission to purchase 5,200 mostly rent-stabilized New York apartments at a bankruptcy auction. But there’s been a thorn in its side: the Mamdani administration, which has ...
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