Error

An error occurred while fetching the data.

Error details: Error: The field at path '/readnext/contents[5]/uri' was declared as a non null type, but the code involved in retrieving data has wrongly returned a null value. The graphql specification requires that the parent field be set to null, or if that is non nullable that it bubble up null to its parent and so on. The non-nullable type is 'String' within parent type 'Content': {"response":{"errors":[{"message":"The field at path '/readnext/contents[5]/uri' was declared as a non null type, but the code involved in retrieving data has wrongly returned a null value. The graphql specification requires that the parent field be set to null, or if that is non nullable that it bubble up null to its parent and so on. The non-nullable type is 'String' within parent type 'Content'","path":["readnext","contents",5,"uri"],"extensions":{"classification":"NullValueInNonNullableField"}}],"data":{"articleData":{"uri":"/2014/04/07/chelsea-tower-gets-a-refi/","canonicalUrl":"https://www.globest.com/2014/04/07/chelsea-tower-gets-a-refi/","generatedId":"fmj45emmd","naturalId":"blogAndPostId/blog/post/296-1990","type":"ARTICLE","postFormat":null,"kickerPresentedBy":null,"breadcrumb":[],"presentedBy":"","title":"Chelsea Tower Gets a Refi","readtime":"2","timeToRead":"2 minute","prettyModified":"","prettyDateTime":"April 07, 2014 at 11:46 AM","needToKnow":[],"byline":"Rayna Katz","showDisclaimer":true,"authors":[{"name":"Rayna Katz","description":"Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.","imageLarge":"http://images.globest.com/contrib/content/uploads/2016/01/Rayna-Katz_avatar_1453919391-136x136.jpg","webUrl":"/author/profile/rayna-katz/"}],"publication":"Globe Street","kicker":"","kickerNode":[],"prettyDate":"April 07, 2014","pubDate":"2014-04-07 11:46:00:000","modifiedDate":"","isDownload":"false","primaryCategory":{"channelName":"","sectionName":"","name":"","uri":"","slug":"","channelUri":""},"tags":[],"image":{"uri":"","width":"","height":"","alt":""},"embed1":"","embed2":"","summary":"NEW YORK CITY—Developer and borrower S&amp;P/DM 26 Development has secured a nearly $74 million permanent loan with the help of the Bassuk Organization.","categories":[{"name":"","uri":"","channelName":"GlobeSt Market"},{"name":"","uri":"","channelName":"Globest Sectors"},{"name":"Multifamily","uri":"/sectors/multifamily/","channelName":"Globest Sectors"},{"name":"National","uri":"/markets/national/","channelName":"GlobeSt Market"},{"name":"New York","uri":"/markets/new-york-metro/","channelName":"GlobeSt Market"},{"name":"","uri":"/markets//","channelName":"GlobeSt Market"}],"bodyArray":["<p>NEW YORK CITY—Richard Bassuk, president of the Bassuk Organization and CEO of the Greystone Bassuk Group, has announced the closing of a nearly $74 million permanent loan for Chelsea Tower, a 33-story, 228-unit luxury apartment building located on the west side of Avenue of the Americas at 100 W. 26th St. The building also contains approximately 16,000 square feet of retail space and a parking garage. </p>","<p>[Editors Note: While Bassuk Singer still exists, principals Richard Bassuk and Andrew Singer have gone their separate ways, GlobeSt.com has learned. Meanwhile, Bassuk retained his eponymous firm and also formed a joint venture to create the Greystone Bassuk Group].</p>","<p>The loan terms included 20-year permanent financing, with 35-year amortization, for S&amp;P/DM 26 Development, LLC, a limited liability company comprised of members of the Steinberg and Pokoik families and the DeMatteis Organizations. Financing was provided by Teachers Insurance and Annuity Association of America. The Bassuk Organization had previously placed the construction loan and the original permanent financing for the borrower in 2001 and 2004, respectively. </p>","<div class=\"paywall-content\"><p>Says Bassuk, “In arranging the financing, we were seeking long-term financing to take advantage of the current interest rate environment. We explored both 35-year FHA financing, as well as multiple long-term conventional financing options with major insurance companies.”</p>","<p>Michael Steinberg, president of Steinberg &amp; Pokoik Management Corp., adds, “Bassuk once again acted as our financial advisor and his team, led by Drew Fletcher with strong support from Evelyn Savino, provided comprehensive advice regarding project financing, and worked closely with our legal team to close the loan. They provided us with extremely attractive offers from various lenders.” </p>","<p>Notes Alan Sullivan, EVP of DeMattes, “We are delighted with the results achieved and have always found that the Bassuk Organization provides owners/developers with the highest level of service available in the industry.”</p>","<p>Ray Savino, CFO of the DeMatteis Organizations, says “The services Richard and his team provide include not only insight and knowledge of the lending community, but also expert analytical, processing and closing services, with hands-on attention to all relevant details.”</p></div>"],"slides":[],"video":null},"articlePackages":[],"youmightlike":[{"uri":"/2024/11/06/multifamily-absorption-hits-second-highest-level-on-record/","title":"Multifamily Absorption Hits Second-Highest Level on Record","byline":"Mario Marroquin","prettyDate":"November 06, 2024","readtime":"2","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2022/11/Multifamily-4.gif","width":"616","height":"372"},"summary":"However, apartment rents remain flat."},{"uri":"/2024/11/06/standard-communities-expands-affordable-housing-portfolio-in-1b-deal/","title":"Standard Communities Expands Affordable Housing Portfolio in $1B Deal","byline":"Erika Morphy","prettyDate":"November 06, 2024","readtime":"1","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2024/10/Affordable-Housing-Sign-Article-202410301647.jpg","width":"620","height":"372"},"summary":"The deal involved public-private partnerships with multiple agencies."},{"uri":"/2024/11/06/jv-secures-110m-refi-for-nyc-multifamily-portfolio/","title":"JV Secures $110M Refi for NYC Multifamily Portfolio","byline":"Anthony Russo","prettyDate":"November 06, 2024","readtime":"2","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2024/11/Public-Housing-Article-202411051437.jpg","width":"620","height":"372"},"summary":"The portfolio consists of 18 properties and 112 multifamily units."},{"uri":"/2024/11/06/nominate-an-expert-in-cre-finance/","title":"Final Days to Nominate a CRE Rainmaker!","byline":"Ingrid Tunberg","prettyDate":"November 06, 2024","readtime":"2","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2024/10/Finance-1.jpg","width":"6000","height":"3750"},"summary":"Do you know an accomplished industry professional or company that excels in debt, equity and finance? Nominate a candidate for GlobeSt.'s Rainmakers recognition before November 8th!"},{"uri":"/2024/11/06/fannie-mae-admits-multifamily-loan-fraud-losses-in-sec-filing/","title":"Fannie Mae Admits Multifamily Loan Fraud Losses in SEC Filing","byline":"Erik Sherman","prettyDate":"November 06, 2024","readtime":"2","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2023/08/Lying-Article-202308140831.jpg","width":"620","height":"372"},"summary":"Weaknesses in its processes has led to actual losses."},{"uri":"/2024/11/06/california-cities-reject-rent-control-expansion/","title":"California Voters Reject Rent Control Expansion","byline":"Jack Rogers","prettyDate":"November 06, 2024","readtime":"3","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2024/06/California-state-of-United-States-flag-Article-202406211703.jpg","width":"620","height":"372"},"summary":"Margin of defeat for Proposition 33 is larger than referendums in 2018, 2020."}],"readnext":{"contents":[{"uri":"/2024/10/01/exploring-cre-retail-trends-ahead-of-2025/","title":"Exploring CRE Retail Trends Ahead of 2025","byline":"Sponsored by Placer.ai","summary":"Join this webinar to dive into the strategies used by leading brands and sectors, highlighting the opportunities and challenges that will influence the upcoming year.","prettyDate":"October 01, 2024","kicker":"Webcast","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/276/2024/10/Placer-webcast-image.jpg","width":"616","height":"411"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""}},{"uri":"/2024/11/05/who-would-be-best-for-cre-as-president/","title":"Who Would Be Best for CRE as President?","byline":"Erik Sherman","summary":"CRE pros say policies aren't clear and the big question will be Congress.","prettyDate":"November 05, 2024","kicker":"Features","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2024/10/2024-Presidential-Election-MI.jpg","width":"767","height":"460"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""}},{"uri":"/2024/09/26/embracing-proptech-demystifying-building-technology-to-drive-better-noi/","title":"Embracing Proptech: Demystifying Building Technology to Drive Better NOI","byline":"Sponsored by Building Engines","summary":"Join this webcast, as dive into the merits of adopting proptech solutions and automation in diverse realms of property management","prettyDate":"September 26, 2024","kicker":"Webcast","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2024/09/Building-Engines-Webcast-Image.jpg","width":"616","height":"411"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""}},{"uri":"/2024/11/05/blackstones-jon-gray-recurring-bottom-calls/","title":"Blackstone's Jon Gray Recurring Bottom Calls","byline":"Erik Sherman","summary":"Caveat: his statements are easy to misunderstand.","prettyDate":"November 05, 2024","kicker":"Analysis","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2023/03/Blackstone-Article-202303020824.jpg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""}},{"uri":"/2024/11/05/four-senators-question-kkr-about-june-multifamily-acquisition/","title":"Four Senators Question KKR About June Multifamily Acquisition","byline":"Erik Sherman","summary":"The senators want to know if KKR will drive up rents.","prettyDate":"November 05, 2024","kicker":"Analysis","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2019/10/08_washington-dc-capitol-water_MI.jpg","width":"616","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""}},null]}},"extensions":{"DateTime":"2024-11-07T08:09:13.866865860","ResponseTime":"?","AuthorizedUser":false,"AlmContext":"AlmContext{clientIP='10.0.253.254', internalIP='true', origin='', authorizedUser='false', Chinchilla, userAccount='null', UCID=null, ipAccount='null'}","NavServiceResponse":{"message":"Show a wall","action":"show wall","data":"WelcomeWall","placResultsPublic":{"overallContentType":"FreeWithRegContent","userState":"DENYFREEWREGNOTLOGGEDIN","showWall":"WelcomeWall","userAccess":"0","referrer":"https://www.globest.com/2014/04/07/chelsea-tower-gets-a-refi","userAccessCookie":null,"productList":"","contentMetaData":"<?xml version='1.0' encoding='UTF-8'?><ARTICLE><TYPE>ARTICLE</TYPE><ID>/2014/04/07/chelsea-tower-gets-a-refi/</ID><SOURCE>Globe Street</SOURCE><PUBLICATION-DATE>2014-04-07 11:46:00</PUBLICATION-DATE><PUBLICATION-NAMES><PUBLICATION-NAME>Globe Street</PUBLICATION-NAME></PUBLICATION-NAMES><PRACTICE-AREAS /><CHANNELSECTIONS><CHANNELSECTION><CHANNEL>GlobeSt Market</CHANNEL></CHANNELSECTION><CHANNELSECTION><CHANNEL>Globest Sectors</CHANNEL></CHANNELSECTION><CHANNELSECTION><CHANNEL></CHANNEL><SECTION>Multifamily</SECTION></CHANNELSECTION><CHANNELSECTION><CHANNEL></CHANNEL><SECTION>National</SECTION></CHANNELSECTION><CHANNELSECTION><CHANNEL></CHANNEL><SECTION>New York</SECTION></CHANNELSECTION><CHANNELSECTION><CHANNEL>tag</CHANNEL></CHANNELSECTION></CHANNELSECTIONS><REFERRER>https://www.globest.com/2014/04/07/chelsea-tower-gets-a-refi</REFERRER></ARTICLE>","numberOfViewsLeft":0,"numberOfFCFViewsLeft":0,"decisionEngine":"RidgeRunner","rulesFiredString":"[]","contentProductCodes":"[\"regonlypubcontent\"]"}},"DebuggingData":null,"UsedCache":"true","DataUrl":"http://ml.alm.com:9016/bff-services/content/get-you-may-like-for-content.xqy?naturalId=/2014/04/07/chelsea-tower-gets-a-refi/&site=www.globest.com&total="},"status":200,"headers":{}},"request":{"query":"\n####\n####\n# QUERY\n# ROUTE:/2014/04/07/chelsea-tower-gets-a-refi/\n####\n\n\nquery Globest__view_article_no_sitedir{articleData:\n getContent(naturalId: \"/2014/04/07/chelsea-tower-gets-a-refi/\", site:\"globest.com\") {\n uri\n canonicalUrl\n generatedId\n naturalId\n type\n postFormat\n kickerPresentedBy {\n \t\t label\n \t\t value\n \t\t}\n breadcrumb{\n name\n \t\turi\n }\n presentedBy\n title\n readtime\n timeToRead\n prettyModified\n prettyDateTime\n needToKnow\n byline\n showDisclaimer\n authors {\n name\n description\n imageLarge\n webUrl\n }\n publication\n kicker\n kickerNode {\n name\n slug\n uri\n sectionName\n }\n prettyDate\n prettyDateTime\n pubDate\n modifiedDate\n isDownload\n primaryCategory {\n channelName\n sectionName\n name\n uri\n slug\n channelUri\n }\n tags\n image {\n uri\n width\n height\n alt\n }\n embed1\n embed2\n summary\n categories {\n name\n uri\n channelName\n }\n bodyArray\n slides {\n title\n image\n caption\n height\n width\n }\n video\n\n }\n articlePackages:\n getPackagesForArticle(docId: \"/2014/04/07/chelsea-tower-gets-a-refi/\", limit: 3, publication:\"globest.com\") {\n title \n slug\n type \n summary\n cssFile\n navigations {\n name\n link\n }\n articles {\n title\n kicker\n uri\n image {\n uri\n }\n }\n\n \n }\n youmightlike:\n getYouMayLikeForContent(naturalId: \"/2014/04/07/chelsea-tower-gets-a-refi/\", site:\"globest.com\") {\n uri\n title\n byline\n prettyDate\n readtime\n image {\n uri\n width\n height\n }\n summary\n }\n readnext:\n getStatsList(site:\"globest.com\", topic: \"\", limit: 5, timeframe: \"3days\" ) {\n contents {\n uri\n title\n byline\n summary\n prettyDate\n kicker\n image {\n uri\n width\n height\n }\n breadcrumb{\n name\n \t\turi\n }\n primaryCategory {\n name\n uri\n channelName\n channelUri\n }\n breadcrumb {\n name\n uri\n }\n }\n\n }\n }"}}