Lilah Burke

Days after the Summit Properties won a bankruptcy auction for 5,200 mostly rent-stabilized apartments from Pinnacle Group, the city has filed a formal objection to the sale. Lawyers for Mayor Zohran Mamdani’s office asked a judge to stop the transaction, ... See more

Three Soho storefronts have changed hands. Declaration Partners Real Estate and Hilltop Real Estate have inked a deal for the master lease at three Soho storefronts. The firms will control 113-121 Prince Street for 25 years in exchange for a little over $... See more

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 final auction price was not immediately clear after the fi... See more

New York’s CityFHEPS voucher program has a $1.2 billion price tag. Now, the state comptroller wants less of that money going to “bad” landlords. In an audit of the program released Friday, the comptroller’s office found that the city approved units with i... See more

A bankruptcy judge has rejected the city’s bid to pause the auction of more than 5,000 mostly rent-stabilized New York apartments, clearing the way for a possible takeover by Summit Properties. The apartments were put up for sale as part of a bankruptcy s... See more