Our Team

Stephen B. Friedman, FAICP, CRE

President
(312) 424-4260 • sbf@sbfriedman.com
Steve brings more than 40 years of experience in real estate and development advisory services. He has authored several articles, spoken at many state and national association conferences, and served on several community assistance panels. In 1994, he served as series chairman for the Urban Land Institute Chicago District Council's "An Agenda for Growth of the Chicago Region," and served as chair of the ULI Chicago District Council from 1998 to 2000. He is a member of the American Society of Real Estate Counselors, a member of the College of Fellows of the American Institute of Certified Planners, and a full member of the Urban Land Institute. His civic affiliations include the Civic Federation, University of Illinois at Chicago Real Estate Program Advisory Board and the ULI Urban Development Mixed-Use Council - Purple (Chair). In April 2013, he received the James Felt Creative Counseling Award of the Counselors of Real Estate for his development advisory role on The Shops and Residences of Uptown Park Ridge project. Steve holds a B.A. from Goddard College in Plainfield, VT and an M.S. in Urban and Regional Planning from the University of Wisconsin-Madison.

Tony Smith, AICP

Practice Leader / Executive Vice President
(312) 424-4254 • tsmith@sbfriedman.com
Tony is a specialist in feasibility, strategy and financial aspects of community and economic development. While at SB Friedman, he has led numerous assignments including tax increment financing (TIF) analyses and eligibility studies, area revitalization strategies, feasibility-testing for redevelopment scenarios, negotiation and structuring of public-private financing for high-impact projects, and a range of New Markets Tax Credit (NMTC)-related services. In the past nine years, he has participated in origination of approximately $858 million of public-private financing (including tax credit, TIF, revenue bond, and gap financing loan transactions) in support of about $2.4 billion of projects. Of this activity, about 78% took place in low-income and disinvested communities as part of economic revitalization efforts. Tony has extensive NMTC-related experience, including the preparation of multiple successful NMTC allocation applications, securing $353 million of allocation and structuring/closing of about $500 million in NMTC transactions. He holds both Master's and Bachelor of Arts degrees from the University of Pennsylvania. He is a member of the American Planning Association, Urban Land Institute, Lambda Alpha Honorary Land Economics Society, and the Council of Development Finance Agencies (for which he also serves as national TIF curriculum advisor and instructor and lead editor of CDFA’s 2009 Advanced TIF Guide).

Ranadip Bose, AICP

Senior Project Manager
(312) 384-2407 • rbose@sbfriedman.com
Ranadip has deep expertise in real estate market analysis, financial analysis, economic impact studies, and urban economic development strategy. He excels in tackling various urban economic issues and delivering research-based implementation strategies to clients. He has led a consulting effort to foster economic development in the manufacturing sector under the Chicago Sustainable Industries initiative, and evaluated the effectiveness of various value capture mechanisms for transit improvements for the Chicago Metropolitan Agency for Planning. Other experience includes a market analysis and implementation of the lakefront area in downtown Cleveland, redevelopment strategies in connection with the Michael Reese Hospital site in Chicago, and a sector-based market analysis and master planning process for the Milwaukee 30th Street Industrial Corridor. Ranadip has a Master’s degree in Urban and Regional Planning from the University of Illinois at Urbana-Champaign and a Bachelor’s in Architecture from Jadavpur University, India. He is a member of the American Planning Association, Lambda Alpha Honorary Land Economics Society, and the Indian Institute of Architects.

Geoffrey Dickinson, AICP

Senior Project Manager
(312) 384-2404 • gdickinson@sbfriedman.com
Geoff is a real estate and economic development advisor with expertise in public-private finance partnerships, special taxing district (TIF, business district/special service area) establishment, market and financial feasibility, development strategy, and project implementation advisory services. While at SB Friedman, Geoff has provided market-based development advisory services to public, private and institutional clients, and led multiple special district eligibility studies and designations throughout Illinois. His experience includes assisting Presence Health in securing TIF and New Markets Tax Credit funding to help pay for the relocation of its affiliate, Resurrection University, from Oak Park to Chicago. He has also conducted market assessments of development feasibility for airport-related land in the Quad Cities and in Joplin, Missouri. Geoff holds a B.A. in History from Northwestern University, and a Master of Urban and Regional Planning degree from the University of Michigan. He is a member of the American Planning Association and Lambda Alpha Honorary Land Economics Society, and serves on the board of the Illinois Tax Increment Association and the Renaissance Council for Presence Saints Mary and Elizabeth Hospital.     

Fran Lefor Rood, AICP

Project Manager
(312) 424-4253 • frood@sbfriedman.com
Fran focuses on real estate market analysis, redevelopment strategy, special district designation and reporting, fiscal and economic impact analysis, and financial deal reviews. Her ability to analyze various market scenarios and recommend strategic redevelopment options has been key to informing policy and development decisions. Fran’s recent work includes market analyses and development strategies for the Cleveland lakefront and Cleveland Hopkins International Airport, a reinvestment and redevelopment strategy for the City of Richardson, Texas, a fiscal impact analysis of local development projects on the Chicago region for the Chicago Metropolitan Agency for Planning, and a comprehensive research and analysis assignment to develop TIF Status Reports and Strategic Review and Implementation Plan Reports for the City of Chicago. Prior to joining SB Friedman, Fran was a Senior Research Analyst at the Cook County Assessor’s Office. She holds a Master of Urban Planning and Policy degree from the University of Illinois at Chicago and a Bachelor of Arts degree in Public Policy from the University of Chicago. Fran is a member of the American Planning Association.

Paul A. Dillon, CMC

Advisor
Paul is an expert in the areas of transportation land use and aviation-related development. He is the president and CEO of Dillon Consulting Services LLC, a Chicago and Durham, NC-based business and non-profit advisory firm. With over 37 years of experience, he has directed many studies, among them the economic impact of commuter rail station location alternatives, an analysis of land use at Chicago O'Hare International Airport and Los Angeles International Airport,  a redevelopment program for Navy Pier, a tax and employment analysis of the North Loop Redevelopment area, and market and financial feasibility analyses for a new downtown headquarters for the Metropolitan Water Reclamation District of Greater Chicago. Paul has served on numerous non-profit boards and federal, gubernatorial, legislative and mayoral advisory commissions and committees. He is a former trustee of the Chicago School of Professional Psychology, and a former Public Member and Commissioner of the national Commission for Case Manager Certification.

Lance Dorn

Associate Project Manager
Lance has a background in market analysis, commercial real estate development and economic development planning. His experience includes analyzing development feasibility for a variety of land uses, redevelopment planning, and structuring public-private financing. Prior to joining SB Friedman, Lance was a Geographic Information Systems (GIS) & Research Specialist for a Maryland-based commercial real estate firm, where he was responsible for performing site selection and market potential analyses. He holds a Master’s degree in Real Estate Development from the University of Maryland, as well as a Graduate Certificate in Geographic Information Systems, and a B.A. in Urban Planning and Development from the University of Wisconsin-Milwaukee. He is a member of the Urban Land Institute, American Planning Association, and Young Real Estate Professionals of Chicago.

Ryan Hagerty

Associate Project Manager
Ryan has a background in community and economic development, real estate market analysis, and land use strategy. His experience includes analysis of smart growth development in metro Atlanta, econometric forecasting for fifty real estate markets across the United States, and asset management for a mixed-use complex in Shanghai, China. Prior to joining SB Friedman, Ryan was a graduate research assistant at the Enterprise Innovation Institute, where he advised clients on local economic development strategy, workforce development and economic impact analysis. Ryan holds a Master of City and Regional Planning, with concentrations in land and economic development, from Georgia Tech, and a Bachelor of Science in Business Administration, with a concentration in finance, from Boston University.

Marc Rutzen

Associate Project Manager
Marc is a real estate and community development professional with a diverse background in real estate development and brokerage, construction management, public-private partnership structuring, real estate investment analysis, and private equity syndication. His experience includes managing the pre-development process for a 15.5-acre master planned development in Moline, the development of nearly 60 units of affordable multifamily housing on Chicago’s South and West sides, the management of over $25 million in life safety and capital improvement construction projects for several high rise buildings throughout the City of Chicago, and the management of a comprehensive redevelopment program encompassing more than 80 properties in the Chicago Housing Authority’s Scattered Site housing portfolio. Marc holds a Master of Science in Real Estate Development Degree from Columbia University and a Bachelor of Science in Architectural Studies from the University of Illinois at Urbana-Champaign, and is a licensed Real Estate Managing Broker in the State of Illinois. He is also a member of the Urban Land Institute and the Illinois Association of Realtors.  

James Simmons

Associate Project Manager
James has five years of experience in economic development, community relations and tax credit finance. Since joining the firm in 2011, he has been instrumental in structuring successful public-private financial partnerships, which have provided support for the expansion of three Federally Qualified Health Centers, and the installation of solar energy and power conservation systems across eleven affordable housing complexes. James has also provided business and real estate consulting services to public, private and non-profit clients in a range of sectors, including manufacturing, entertainment and healthcare. Prior to joining SB Friedman, James contributed to planning and revitalization efforts at the Milwaukee Department of City Development, worked in community and government relations at New York City Economic Development Corporation, and helped manage a $149 million New Markets Tax Credit portfolio for a Harlem-based Community Development Financial Institution. James has a B.S. in Civil Engineering from Marquette University and an M.S. in Urban Planning from Columbia University.

Caitlin Amos

Associate
Caitlin has a background in community and economic development, finance and urban planning. Her experience includes market analysis and forecasting, GIS, and special district designation and management. Her primary area of research has been within the realms of public-private partnerships, downtown business district development, and special taxing and incentive districts. Prior to joining SB Friedman, Caitlin worked for the Better Bankside Business Improvement District in London, UK, where she conducted research on subarea planning frameworks under the new Localism Agenda introduced in Parliament. Additionally, she has worked for the Downtown Boston Business Improvement District as a policy and planning researcher, where she conducted market and financial analysis to determine feasible financing models for their public realm improvements. Caitlin holds a Master of Science in City Design and Social Science from the London School of Economics and Political Science, a dual Master of Business and Master of Arts in Community Development and Planning from Clark University, and a Bachelor of Arts in Economics from Wheaton College (MA). She is a member of the American Planning Association. 

Sarah Kirk

Associate
Sarah has experience in economic development strategy, economic impact analysis, financial feasibility analysis, strategic planning and Geographic Information Systems (GIS). She has studied the ways in which land use planning can shape economic and real estate development outcomes, such as in industrial conversions in Cook County, IL and Charlotte, NC, and in considering the impacts of redeveloping suburban places to accommodate more urban land use patterns. Prior to joining SB Friedman, Sarah was a Progress Energy Research Fellow and a Weiss Urban Livability Fellow at the University of North Carolina. She has also worked in New York City, serving as an AmeriCorps*VISTA at Seedco, a workforce development organization, and supporting historic preservation and community development advocates. Sarah holds a Master of City and Regional Planning degree from the University of North Carolina at Chapel Hill with a specialization in economic development, and a Bachelor of Arts in Geography from Middlebury College. She is a member of the American Planning Association.

Carl Kunda

Associate, Community Development Finance
Carl has a background in community development finance, community and economic development, policy research, and financial analysis.  His experience includes program evaluation and impact assessment, spatial and econometric analysis, and development finance.  Prior to joining SB Friedman, Carl was an Impact Assessment Research Analyst at The Reinvestment Fund (TRF), a community development financial institution (CDFI) based in Philadelphia.  At TRF, he assisted in management and expansion efforts, and in tracking the outcomes and evaluating the impacts of TRF’s community development activities.  Carl was a graduate research assistant at the Great Cities Institute at the University of Illinois at Chicago (UIC), where he analyzed the impact of the Neighborhood Stabilization Program in Chicago, and the effects of subprime lending in low-income Chicago communities. Other experience includes serving as an intern at the Illinois Housing Development Authority, where he assisted with program evaluation and development of the Hardest Hit Fund and the Foreclosure Task Force, and at the National Community Investment Fund, where he examined financial instruments and strategies to increase small business lending by CDFIs, and evaluated the historical impact of community development banks.  Carl holds a Master in Urban Planning and Policy from the University of Illinois at Chicago, and a Bachelor of Science in Biology from Rutgers University.

Thomas Mitchell

Asset Management Associate
Thomas has a background in finance, economic development and entrepreneurship. His experience includes analyzing market conditions for seed-stage companies in central New York and managing a mixed-use development grant in New York’s Southern Tier. He has also been involved in facilitating international development by establishing businesses in rural Rwanda, while working with ThinkImpact, a global social enterprise. Prior to joining SB Friedman, Thomas contributed to downtown and neighborhood business district revitalization efforts while interning at the Binghamton Economic Development Office. He holds a Bachelor of Science in Management, with a concentration in Financial Engineering and a minor in Economics, from Binghamton University.

Harpreet Gill

Research Associate
Harpreet has experience in research and analysis of demographic, real estate and business data, and existing and future development patterns in urban, suburban and rural contexts. She has assisted with land use recommendations for site specific and corridor planning projects. Harpreet holds a B.A. in Geography with a concentration in Metropolitan Land Use Planning and a minor in Economics from DePaul University. She is a member of the Association of American Geographers.