June 24, 2008

Stephen Cassidy, CFO of the locally based Denholtz Associates for the past six years, has been named president of the privately-held development, investment and management company. In his new role, Cassidy will be responsible for the company's day-to-day operations. He had joined Denholtz in 2002 from the Schonbraun McCann Group.

With the move, company founder Steven Denholtz will continue to hold the title of CEO. He will "focus on strategic growth initiatives for the company," reads a statement issued by the firm.

"Steve's promotion is a reflection of the talent we have assembled at the company," says Denholtz, in a statement. "He has proven himself to be a valued leader and I look forward to his continued contributions."

"We're recognizing Steve Cassidy's accomplishments with this promotion," says D. Pike Aloian, a partner at Rothschild Realty Managers, Denholtz Associates' equity partner. "He has made significant contributions to the firm's continued growth over the past several years and helped build an organization that's well-positioned for future growth."