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
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 $899 million of allocation and structuring/closing over $960 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 International-Ely Chapter, 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 Vice President
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 International-Ely Chapter, and Urban Land Institute.
Geoffrey Dickinson, AICP
Senior Vice President
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 serves on the boards of the Illinois Tax Increment Association and Lambda Alpha International-Ely Chapter, and the Presence Health Community Leadership Board for West Town.
Fran Lefor Rood, AICP
Senior Vice President
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 Lambda Alpha International-Ely Chapter, and is active in the 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.
Vice President / Marketing Director
Grace joined SB Friedman in 2010 and serves as Marketing Director. She has over 10 years of experience in marketing and communications for both professional service firms and not-for-profits. Grace collaborates with the senior management team to identify and manage new business development pursuits, and is responsible for managing all proposal and qualifications submittals. She also maintains and updates the firm’s marketing and communications materials, and has led the firm through a rebranding process. 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
Caitlin has a background in community and economic development, public-private development finance, and urban planning. She specializes in market analysis and redevelopment strategy as well as special district eligibility studies/designation. Her experience at SB Friedman includes conducting market analyses for the Chicago Metropolitan Agency for Planning, the City of Yankton, South Dakota, and Sarpy County, Nebraska; and TIF/Business District designations and reporting for the Cities of Chicago and Milwaukee, and numerous municipalities in Illinois. She also provided market-driven insight and analysis to the Village of Schaumburg to help create an implementable land use plan for the Motorola Campus. Prior to joining SB Friedman, Caitlin 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 Urban Land Institute.
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.
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.
Michael has a background in economic impact analysis, transportation policy and planning, and economic development. His experience includes conducting feasibility studies on large-scale transportation projects in Pittsburgh, Pennsylvania, as well as creating platforms to analyze various Pittsburgh economic development indicators such as entrepreneurship and energy efficiency. Prior to joining SB Friedman, Michael worked at the American Postal Workers Union in Washington, DC, where he performed cost analyses on their vast transportation and logistics network. He also worked as an intern at the Pittsburgh Department of City Planning where he spearheaded a bicycle/pedestrian data collection and analysis program in support of data-driven, long-range infrastructure planning. Michael holds a Master of Science in Public Policy and Management from Carnegie Mellon University and a Bachelor of Arts in Economics from the University of Michigan.
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 Schmitt, AICP
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.
Brock has a background in economic development and planning research, with a focus on data analysis and GIS. In his past work with the Nebraska Bureau of Business Research, he modeled the expected economic impact of a proposed library and cultural arts center. He also interned at the Greater Omaha Chamber where he conducted and presented research on Social Impact Bonds. Brock graduated with Honors and Highest Distinction from the University of Nebraska-Lincoln and holds a Bachelor of Arts in Economics.