Joel Wiener’s Pinnacle Group is on a selling spree. The company closed on a sale of its rights to 323 West 96th Street this week, trading to Lightstone Group for about $88 million, according to its filings on the Tel Aviv Stock Exchange. It’s the second major transaction reported inside a week at Pinnacle Group, following a condo portfolio sale earlier this month. The company gained notoriety outside the real estate industry earlier this year for a prominent bankruptcy case, which became a flashpoint for New York Mayor Zohran Mamdani. Pinnacle initially entered contract to sell the building to Lightstone […]
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