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Team Continuum 2007 ING New York City Marathon

ING New York City Marathon is renowned for its enthusiastic and extremely plentiful crowds of spectators. Despite the enormousness of the city, the first Sunday of November is always ‘Marathon Sunday’, and 2 million New Yorkers leave their Sunday doings and head out to cheer the runners, listen to the 100 live bands and suck in the ebullient atmosphere. The hailing onlookers line the whole course from the start on Staten Island, over Verazano-Narrows Bridge to the sound of Frank Sinatra singing ‘New York, New York’ and into Brooklyn and Queens. Then the route goes over Queensboro Bridge for a roundtrip on Manhattan and a short stop in the Bronx before reaching the finish outside the famous restaurant Tavern on the Green in Central Park. Along the way, runners will witness the cultural diversity of New York’s neighbourhoods and pass five more or less famous New York bridges. The marathon course makes up a great sightseeing tour and runs through parts of the city that many tourists would otherwise never have seen. The bridges on the route provide superb views but also add some inclines to the course. The Verazano marks the highest point with just over 80 metres/250 feet, but this bridge is right at the beginning, when energy is still intact and the field is probably too crowded to get some speed going, anyway. Queensboro Bridge after 24 kilometres is also known to be pulling some teeth, as well as the final and rather hilly 4-5 km in Central Park.

The next New York City Marathon will take place on Sunday November 2, 2008.

News: 315 Park Avenue South

BCN Development, an award-winning, leading developer of high-end, mixed-use, luxury properties, announced today that it has secured lease commitments from Leucadia National Corporation (Ticker: LUK) for over 32,000 square feet of office space through 2017 at its New York City flagship property, 315 Park Avenue South. The deal is valued close to $25,000,000.

Craig Nassi, CEO of BCN Development, welcomed the news. “It is a pleasure to be able to continue our relationship with one of New York City’s fastest-growing companies,” Mr. Nassi said, citing an article from the November 19, 2007 issue of Crain’s New York Business that ranked Leucadia National Corporation at number 14, on the strength of a 2006 net income of $186 million on revenue of $827.8 million and a share price appreciation of +119.1%. “I am delighted that Leucadia recognizes the desirability of 315 Park Avenue South as the location to continue to grow their business.”

The 340,000-sf 315 Park Ave. is also headquarters to Credit Suisse. The property has a just renovated 50-year-old lobby with a $1-million detailed finish.

315 Park Avenue South

Craig Nassi Interiors

See more at BCN Develpment image gallery

Dear Friends and Family,

"In charity there is no excess" ~ Sir Frances Bacon.

This is a motto by which I have chosen to live my life. It is with this in mind, that I have registered to run the New York City marathon for charity. The charity that spoke to me most is Team Continuum. Team Continuum is a non-profit organization dedicated to taking immediate care of anyone involved in fighting cancer. They give cancer patients access to the everyday cure. They fill in the physical and emotional gaps of support so cancer patients can have the strength to focus on their treatment. Currently, Team Continuum has raised and distributed more than $3.5 m.
We have all known people, near and far, who have suffered from cancer. We have all been personally affected in one way or another by cancer. We have seen the emotional toll cancer takes on the patient, friends and families. I believe cancer is the most serious illness facing us today; it does not discriminate and it does not relent.
Please sponsor me by donating to this amazing nonprofit. Donations are tax deductible and can be made on my page. Every dollar goes a long way in making a difference in someone’s life.

Thank you for your support,
Craig Nassi

Please click here to donate

Bcn development purchases 315 park ave. south a 330,000 s/f building for $265 million

MANHATTAN, NY: In March, Craig Nassi’s firm BCN Development completed
plans to make its first entrance into Manhattan, agreeing to purchase 315 Park Ave. South, a 21-story, 330,000 s/f office building located in midtown located at the south east corner of 24th St. and Park Ave. South. The purchase was an off-market transaction, where BCN was represented by Venture Capital Properties LLC’s threesome Ebi Khalili and Josh & Joseph Rahmani and Vladimir Kovalenko of Continental Realty from the partnership representing the seller. The purchase price was $265 million.

Whole article, PDF

CPN Magazine: Park Avenue Buy Closed, BCN Eyes More Manhattan Office Property

Now that his firm's acquisition of 315 Park Avenue South has officially closed, BCN Development CEO Craig Nassi says that his firm is planning to further expand its holdings in the thriving Manhattan office market.

"The New York City office market is absolutely phenomenal," Nassi told CPN this morning. "It's better than anywhere in the country, and we're looking for the best markets to be in."


In March, Nassi's Denver-based firm announced plans to make its first major foray into Manhattan, agreeing to purchase 315 Park Avenue South--a 21-story, 333,000-square-foot office building (pictured) located in Midtown--in an off-market transaction, for a purchase price reportedly somewhere north of $265 million. Credit Suisse First Boston is the property's major tenant, occupying some 82 percent of the building's space, and Nassi identified the banking firm's tenancy as a major asset, characterizing Credit Suisse's lease as "good as gold."

With the purchase of 315 Park now closed, BCN will now turn its attention to making other investments in Manhattan. The firm currently has four other Gotham properties under contract for acquisition. "There's such a tightness in the market right now that any good square footage in good buildings is absorbed as soon as it's put on the market," Nassi said. "So that makes for very profitable office product."

And with little space available for new construction, Nassi said he expects the value of existing office stock to continue to climb. "Under our calculations, we expect to see a 12 to 15 percent annual rise in rents in Midtown," he noted, adding that BCN was looking to acquire space all over the borough, not just in that submarket. "We're looking for office deals throughout Manhattan. One of the deals we have under contract is for approximately 1 million square feet of office near Wall Street," he said, noting that as the Midtown market continues to tighten, tenants will increasingly be pushed to look for space in other Manhattan submarkets.

By Adam Perrotta, CPN News Writer (link)