Summit plans to spend $30M fixing the Pinnacle portfolio. Will it appease Mamdani?

After objections from the Mamdani administration, Zohar Levy says Summit plans on $30 million in capital expenditures.

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.
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 ...

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 ...
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, ...
Crain's New York Business

New landlord takes over 5,100 troubled apartments after bankruptcy auction

Summit Properties USA won a daylong auction Thursday to acquire more than 5,100 rent-stabilized apartments across some 90 ...
Morningstar

Grow-NY Summit to Award $3 Million to Global Startups Redefining Food, Agriculture and Sustainability

CANANDAIGUA, N.Y., Oct. 15, 2025 /PRNewswire/ -- Grow-NY, the largest global food and agriculture business competition, will host its annual Food & Ag Summit on Wednesday, Nov. 12 and Thursday, Nov.