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 ...

The heavily scrutinized bankruptcy sale of a massive portfolio of troubled New York City apartment buildings was approved Friday by a bankruptcy judge, following a hearing that ran from morning to ...

Summit Properties says it delivered on a promise that helped win over a skeptical bankruptcy court. The tenants involved say that promise is still unfulfilled. The dispute offers an early glimpse into ...