Update: On Friday, January 16, the courts confirmed the sale of Pinnacle’s portfolio of 5,000 rent-stabilized units to Summit. In the years since, Pinnacle’s buildings remained profitable, but the ...

Summit Properties was confirmed as the buyer of 5,151 mostly rent-stabilized apartments from Pinnacle Group in a Friday hearing. Pinnacle, run by Joel Wiener, placed the apartments in bankruptcy.

A bankruptcy judge denied a motion from the Mamdani administration to delay an auction of 5,000 rent stabilized units tenants hoped to preserve, in an early blow to the mayor’s efforts on housing.

Summit Properties USA won an auction on Friday to buy more than 5,000 apartments out of bankruptcy from the Pinnacle Group despite City Hall’s efforts to intervene. By Mihir Zaveri A derelict Brooklyn ...

An auction for bankrupt landlord Pinnacle Group’s rent-regulated apartment portfolio moved forward on Thursday as scheduled after a federal judge denied New York City’s bid to delay the sale. The ...

When Mayor Zohran Mamdani's administration filed an objection to the pending bankruptcy auction of Pinnacle Group's approximately 5,200-unit portfolio, it cast doubts on the relatively obscure buyer’s ...

A citywide coalition of tenants has been trying for months to prevent their homes from being sold by what they say is one bad landlord to another. They won a significant victory last week when Mayor ...

There was a time when every half-ton pickup or seven-seat utility vehicle that ended up on my test schedule would elicit a groan. Another boring commuter car. Great. Young Byron just wanted to ...

The Mamdani administration wants to pump the brakes on Pinnacle Group’s bankruptcy auction, not only because it wants time to review the new proposed owners of the firm’s buildings, but officials are ...

Kevin Blair, the new CEO of Pinnacle Financial Partners, "conquers the wall" at a team building exercise in Nashville, Tennessee. In the banking world, mergers of equals have a reputation for ...

Mayor Zohran Mamdani said New York City would intervene in the Pinnacle Group’s bankruptcy case. Tenants have long complained about living conditions in the company’s properties. By Emma Goldberg As ...