Pinnacle Group has finalized another major sale.  The company, headed by Joel Wiener, finalized the transfer of 743 New York condo and co-op units and at least 36 parking properties to Bronstein Properties for $128 million, according to deeds recorded with the city this week. The condos were transferred across 39 separate transactions.  About $66 million of the proceeds will be used to pay off lender Axos Capital, according to a statement Pinnacle’s Israeli subsidiary Zarasai Group filed with the Tel Aviv Stock Exchange. About $47 million in proceeds was deposited into the account of Series C bondholders, although the […]

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