Mamdani’s First Big Move to Help Renters Is Dealt a Blow by Court
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. [Source]
Publication Date:Origin: nytimes.com
Category: Renting and Leasing (Real Estate)
Topics: intervene, efforts, Hall’s, despite, Group, Pinnacle, bankruptcy, apartments, auction, Properties, Summit, Court, Dealt, Renters, First, Mamdani’s
Source: https://www.nytimes.com/2026/01/09/nyregion/mamdani-pinnacle-apartments.html