JMC Holdings scored $51 million to buy New York REIT's office property in Lenox Hill, known as the Interior Design Building. Square Mile Capital Management provided the financing for the deal, the firm announced on Thursday. JMC paid $47 million for 306 East 61st Street, one of the real estate investment trust's last remaining properties. As part of the deal, JMC paid off a $19 million mortgage - meaning that New York REIT received net [...]
