Judge Blocks Mayor Mamdani’s Intervention in Sale of 5,000 Rent‑Regulated Units
Background In his first days as mayor, Zohran Mamdani promised to take bold action on housing, including protecting tenants in rent-stabilized apartments. The Pinnacle Group, a bankrupt property owner, is selling a portfolio of roughly 5,000 units across 90 buildings, many with long-standing maintenance issues and numerous housing-code violations. Potential buyers, including Summit Properties USA, …
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