Miami Mayor Tomas Regalado, center, chatted with Mitchell Friedman, left, and David Deutch, right, both partners from the Pinnacle Group, which built Vista Mar, an affordable housing rental complex in Miami. The project is one of four Pinnacle projects that the federal government said was involved in stealing federal money by inflating the costs of the tax-subsidized apartment project. A now-defunct construction company affiliated with Pinnacle was charged. Pinnacle’s four partners and a fifth principal were not charged.
Miami Mayor Tomas Regalado, center, chatted with Mitchell Friedman, left, and David Deutch, right, both partners from the Pinnacle Group, which built Vista Mar, an affordable housing rental complex in Miami. The project is one of four Pinnacle projects that the federal government said was involved in stealing federal money by inflating the costs of the tax-subsidized apartment project. A now-defunct construction company affiliated with Pinnacle was charged. Pinnacle’s four partners and a fifth principal were not charged. C.M. GUERRERO El Nuevo file photo
Miami Mayor Tomas Regalado, center, chatted with Mitchell Friedman, left, and David Deutch, right, both partners from the Pinnacle Group, which built Vista Mar, an affordable housing rental complex in Miami. The project is one of four Pinnacle projects that the federal government said was involved in stealing federal money by inflating the costs of the tax-subsidized apartment project. A now-defunct construction company affiliated with Pinnacle was charged. Pinnacle’s four partners and a fifth principal were not charged. C.M. GUERRERO El Nuevo file photo

Pinnacle stands to lose millions under five-year state funding ban

March 22, 2017 06:32 PM