Find Real Estate Agents and Homes for Sale


Real Estate News --> New York News

JMC lands $51M to buy NY REIT’s Lenox Hill office building


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 proceeds of $26.5 million for the ...


Archived Story

By Kathryn Brenzel | March 01, 2018 11:50AM 306 East 61st Street, Matt Cassin and Craig Solomon 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 ThursdayJMC paid $47 million for 306 East 61st Street, one of the real estate investment trust’s last remaining propertiesAs part of the deal, JMC paid off a $19 million mortgage — meaning that New York REIT received net proceeds of $26.5 million for the property, the REIT announced last week. Representatives for JMC didn’t immediately return a call seeking comment.

Trending New York News:


  • SNL Real Estate Report: In the City that Never Sleeps, Beds are at a Premium: In-depth Study of the Economic Health of ...
  • For China’s middle class, Brooklyn real estate offers more than a green card
  • Morguard Real Estate Investment Trust Announces 2016 Third Quarter Results
  • Tenants sue A&E Real Estate claiming inflated rents
  • visualizations illustrate the new york skyline of 2020
  • Multifamily, High-Tech Jobs, Grow in Brooklyn
  • Brown Harris Stevens Agents Named To Top National Real Estate Agents List By The Wall Street Journal / Real Trends
  • Bellevue’s Civica Commons sold for $205 million
  • Rubenstein Public Relations Announces New Client Wins In Real Estate And Global Manufacturing Export Industries
  • Sellers at the high end get real … and sell
  • Renting real estate to Amazon is a nightmare: sources
  • Larchmont, NY Homes For Sale & Real Estate
  • New York real estate agents favor wealthy, white and Asian neighborhoods
  • New Yorkers spend nearly 60% of income on rent
  • Recent Manhattan Home Sales | Local Real Estate Guide
  • Are communal communities the future of NYC real estate?
  • Decision Time for Corporate Real Estate
  • HVS Report - Chinese Investment Trends in U.S. Hotel Real Estate - By Li Chen and Kirsten Z. Smiley
  • Their Castle Could Be Yours, for Under a Million
  • ABC Family Developing 'Hot Property' Dramedy (Exclusive)