Steve brings more than 40 years of experience in real estate and development advisory services. He has authored several articles, spoken at numerous state and national association conferences, and served on several community assistance panels. He is a member of the Counselors of Real Estate, a member of the College of Fellows of the American Institute of Certified Planners, and a full member of the Urban Land Institute (ULI). His civic affiliations include the Civic Federation, University of Illinois at Chicago College of Urban Planning and Public Affairs Board of Visitors, and the ULI Public-Private Partnership Council. He has served as series chairman for the ULI Chicago District Council's "An Agenda for Growth of the Chicago Region," and as chair of the ULI Chicago District Council from 1998 to 2000. 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.
Stephen B. Friedman, FAICP, CRE
Practice Leader / Executive Vice President
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. Tony has participated in the origination of over $1.3 billion of public-private financing (including tax credit, TIF, revenue bond, and gap financing loan transactions) in support of over $3.4 billion of project investment. Of this activity, about 86% 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 $514 million of allocation and structuring/closing over $800 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
Ranadip has deep expertise in real estate market analysis, financial analysis, economic and fiscal 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 Urban Land Institute.
Geoffrey Dickinson, AICP
Senior Project Manager
Geoff is a real estate and economic development advisor with expertise in public-private finance partnerships, financial deal reviews and gap analysis, special taxing district (TIF, business district/special service area) establishment, market analysis and development strategy, and project implementation advisory services. While at SB Friedman, Geoff has assisted 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; and led numerous deal reviews for both public and private sector clients to evaluate or determine the need for and amount of financial assistance, including the City of Brookfield, Wisconsin and the Village of Lakewood, Illinois. He has also provided market-based development advisory services to public, private and institutional clients, and led multiple special district eligibility studies and designations throughout Illinois. 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 Illinois Economic Development Association, and serves on the boards of the Illinois Tax Increment Association, Lambda Alpha International-Ely Chapter, and the Presence Saints Mary and Elizabeth Medical Center Foundation.
Fran Lefor Rood, AICP
Senior Project Manager
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 work includes a downtown revitalization strategy in Midland, Michigan, market analyses and development strategies for the Cleveland lakefront and Cleveland Hopkins International Airport, 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, Illinois Housing Council and Illinois Tax Increment Association.
Lance specializes in market and financial feasibility analysis, economic development strategy, and public-private partnership finance. Since joining SB Friedman, Lance has focused on applying his data-driven technical capabilities to evaluate development opportunities, guide the use of public incentives, and inform land use decisions. He regularly advises public and private sector clients regarding highest and best use, the location of catalytic projects, and implementation strategies to achieve development goals. Lance’s experience includes delivering a market and financial feasibility analysis for two subarea plans in Chicago, developing a strategic plan for market-based real estate investment in downtown Midland, Michigan, and preparing a pro forma review and TIF capacity analysis for a high-rise development in downtown Milwaukee. Lance holds a Master of Real Estate Development degree from the University of Maryland, and a Bachelor of Arts in Urban Planning and Development, as well as a Graduate Certificate in Geographic Information Systems, from the University of Wisconsin-Milwaukee. He is a member of the Real Estate Investment Association and Urban Land Institute.
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. He is a member of the Urban Land Institute.
Grace is the Marketing Director at SB Friedman. She has over 10 years of experience in marketing and communications for both professional service firms and not-for-profits. Since joining SB Friedman in 2010, Grace has revamped the firm’s website and led the firm through a rebranding process. She is responsible for managing all proposal and qualifications submittals as well as identifying and managing new business development pursuits. She also maintains and updates all of the firm’s marketing and communications materials. Her other responsibilities include representing the firm at regional conferences, designing and tracking advertising and sponsorships, and preparing awards submissions. Grace received a Bachelor of Arts degree in the College of Letters and French Studies from Wesleyan University (CT). She is a member of the Society for Marketing Professional Services.
Paul A. Dillon, CMC
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-based business and non-profit advisory firm. With over 35 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 currently a trustee of the Chicago School of Professional Psychology, and a Public Member and Commissioner of the national Commission for Case Manager Certification.
Associate Project Manager
Jennifer has a background in public-private partnerships, nonprofit capital projects, and city development initiatives. Her experience includes managing strategic projects that drive community-based economic growth and development for a diverse range of clients, including community-based organizations, local development corporations, national developers and major cultural institutions. Prior to joining SB Friedman, Jennifer managed a portfolio of more than 40 private-sector projects that accessed New York City discretionary funds of over $460 million (and had total project expenditures over $970 million) while at the New York City Economic Development Corporation. Jennifer holds a Master of Public Policy from Duke University, and a Bachelor of Science in Foreign Service from Georgetown University. She is a member of the Urban Land Institute.
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 and the Urban Land Institute.
Jacob has a background in urban planning, real estate market analysis and economic development. His experience includes conducting market analyses for large mixed-use projects and innovation districts, as well as evaluating the development viability of technology and creative clusters on the local and regional level. Prior to joining SB Friedman, Jacob worked at a commercial real estate firm in New York City where he developed strong market expertise, and performed asset underwriting and market analysis. He also conducted occupational, industry and benchmark research and analysis while working as an intern at the Creative Class Group—the consulting firm of urban theorist and bestselling author Richard Florida. Jacob holds a Master in City & Regional Planning from the University of Pennsylvania and a Bachelor of Arts in Political Science from the University of Chicago. He is a member of the American Planning Association.
Alice has a background in urban planning and community and economic development. Her experience includes participating in transit-oriented development strategy and feasibility studies, producing neighborhood-level economic development strategies, and drafting planning policy and guidelines for the City of Dallas. Prior to joining SB Friedman, Alice worked at the Boston Redevelopment Authority, where she contributed to the strategic planning and public outreach for a pilot complete streets project as well as the Downtown Boston Municipal Harbor Plan. Alice holds a Master of City Planning and a Master of Science in Real Estate Development from Massachusetts Institute of Technology, and a Bachelor of Arts in Architecture from Washington University in St. Louis. She is a member of the Urban Land Institute.
Ethan has a background in urban planning, public-private finance and real estate analysis. His experience includes conducting a market analysis for transit-oriented development in Chelsea, Massachusetts as well as securing EB-5 foreign investment eligibility for community enterprises in Minneapolis, Minnesota. Prior to joining SB Friedman, Ethan was a graduate fellow with the City of Minneapolis where he analyzed implementation strategy for an innovation district near the University of Minnesota. Ethan holds a Master in Urban Planning, with concentrations in Real Estate Development and Urban Design, from Harvard University, and a Bachelor of Arts in Urban Studies and Economics from Washington University in St. Louis. He is a member of the Urban Land Institute and the American Planning Association.
Associate, Community Development Finance
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.
Ryan’s background is in urban planning, community and economic development, housing, and policy analysis. His experience includes housing market research, policy analysis, plan implementation, land use, and physical planning. Prior to joining SB Friedman, Ryan was the Research and Policy Analyst at the Institute for Housing Studies [IHS] at DePaul University. In this capacity, he analyzed housing market indicators maintained at IHS to advise community development organizations on policy and program development that addressed challenges in Chicago’s neighborhoods. Ryan holds a Master of Urban Planning and Policy from the University of Illinois at Chicago with a focus in economic development and a Bachelor of Urban Planning from the University of Cincinnati. He is a member of the American Planning Association.
Associate- GIS Analyst
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.
Elise has a background in visual communications, specializing in graphic design software and GIS. Her experience includes communicating transportation and urban planning concepts, including planning maps, project deliverables and client presentations, for a boutique planning firm in Houston, Texas. She also has experience in reviewing planning documents and permits for compliance with City regulations while interning at the City of Anaheim’s Planning Department in California. While at SB Friedman, Elise has been involved in conducting research and drafting TIF district reports for the City of Chicago, as well as designing various marketing materials for the firm. Elise holds a Bachelor of Fine Arts from School of the Art Institute of Chicago and a Master of Urban and Regional Planning (MURP) from University of California, Irvine. She is a member of the American Planning Association.