Rose Associates, the full-service real estate development and management firm, has named its new chief executive and chairman, effective immediately.
Until now, Rose Associates had never had a CEO position.
William Sandholm, a 40-year real estate veteran at Rose Associates who has overseen construction, financing, operations and development during his tenure at the company, was promoted from chief operating officer to chief executive officer. It’s the first time in the firm’s 83-year history that a non-family member has filled the top position.
Brian Peters, who formerly served as a senior managing director with Rose Associates, will fill Mr. Sandholm’s vacated position as chief operating officer. Having joined the firm in 1995, Mr. Peters rose to become head of management of the 37,000 units currently being handled by Rose, according to a press release.
“Watching the professional growth and career of Bill Sandholm has been one of the greatest joys in my owner career,” said Daniel Rose, chairman of the family-owned company. “Bill will continue to make important contributions as we groom and train a new generation of leaders.”
Added Adam Rose, co-president of the company: “Our executive team has never been better. We are poised for tremendous growth with Bill and Brian in these important positions. We eagerly await new challenges that will engage all aspects of our professional capabilities.”
Massey Knakal has hired Aquiles Isandro as an associate in its Brooklyn office.
Mr. Isandro, who goes by “A.J.,” will be working alongside director of sales Stephen Palmese in the Brooklyn neighborhoods of Boerum Hill, Brooklyn Heights, Clinton Hill, downtown Brooklyn, Prospect Heights, Fort Greene and Dumbo.
Mr. Isandro graduated from Tufts University, where he majored in chemical engineering. After Tufts, he studied at the University of Pennsylvania, where he graduated with distinction with a Bachelor of Arts degree in psychology.
Massey Knakal has promoted Michael Mazzara from intern to associate.
Mr. Mazzara, who prior to his internship at Massey Knakal interned at MBF Clearing Corp., a commodities clearing house at the New York Mercantile Exchange, will now work alongside director of sales Stephen Palmese.
Under Mr. Palmese, Mr. Mazzara will focus on Boerum Hill, Brooklyn Heights, Clinton Hill, downtown Brooklyn, Prospect Heights, Fort Greene and Dumbo.
As an intern, Mr. Mazzara, who graduated with honors with a bachelor’s in finance from St. John’s University, worked under Mr. Palmese, assisting with property valuations, the preparation of marketing materials and the research of borough market activity.