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Mamdani’s First Big Move to Help Renters Is Dealt a Blow by Court

9 January 2026 at 22:50
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.

The Union of Pinnacle Tenants protested Summit Properties USA’s effort to buy Pinnacle Group properties on Thursday. Both companies appear to have many reported housing violations.

Bronx Building Partially Collapses in Public Housing Complex

Fire officials said a ventilation shaft in a building on Alexander Avenue had fallen in after reports of an explosion. There were no reports of injuries.
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