Summit’s $451 Million Deal for Bankrupt NYC Buildings Approved

Real estate investment firm Summit Properties USA won court approval for its $451 million purchase of apartments placed into bankruptcy in May by Pinnacle Group LLC, overcoming legal objections from New York City Mayor Zohran Mamdani.

Summit’s $451 Million Deal for Bankrupt NYC Buildings Approved
Real estate investment firm Summit Properties USA won court approval for its $451 million purchase of apartments placed into bankruptcy in May by Pinnacle Group LLC, overcoming legal objections from New York City Mayor Zohran Mamdani.

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