History

Established in 2002 to bring real estate education to Chicago, the Marshall Bennett Institute of Real Estate has supported The Chicago School of Real Estate faculty, students and leaders of the real estate industry as it prepares the next generations of real estate industry professionals. The programs overseen by the Institute have graduated more than 325 students as of 2018.

Board Chairmen

Marshall Bennett
President
Marshall Bennett Enterprises

Marshall Bennett, president, Marshall Bennett Enterprises, is a visionary in real estate development and one of the inventors of the modern industrial park. He founded the Marshall Bennett Institute of Real Estate, along with Gerald Fogelson and Tony Pasquinelli at Roosevelt University in 2002. The Institute is dedicated to fostering education and innovation in real estate through business, social responsibility and community development.

Born in 1921 on the south side of Chicago, Bennett has had a life-long commitment to philanthropy in the arts, medicine, culture, and diplomacy and has supported both civic and global endeavors including the Clinton Foundation; the East-West Institute; the Weizmann Institute and the Albert Einstein Peace Prize Foundation.

Bennett is considered a pioneer in real estate, having been one of the most productive corporate and industrial real estate developers of the postwar period as co-founder and partner of Bennett & Kahnweiler. He is also considered to be one of the most influential people in building relationships that promote large real estate transactions in the U.S. as demonstrated by the Marshall Bennett Classic, an exclusive annual round-table type gathering of top real estate industry professionals who share ideas, trends and insights.

Bennett received his BA degree from University of Chicago. He then attended the Wharton School of Business and Finance in Philadelphia for a year in the M.B.A. Program. And later, he attended graduate studies at the University of Chicago.

A longtime supporter of the arts, he is a Life Trustee of the Chicago Symphony Orchestra where he established the Principal Second Chair, Violin Chicago Symphony Orchestra; and the Ravinia Festival Association, where he co-established the Bennett Gordon Concert Hall for student performances.

Gerald Fogelson

Gerald W. Fogelson
President
Fogelson Properties, Inc.

Gerald W. Fogelson is CEO of the Fogelson Companies. He has been actively involved in the real estate industry since 1955. Jerry was inducted to the Chicago Real Estate Hall of Fame in 2003. He is the CoFounder of the Chicago School of Real Estate at Roosevelt University with the first Endowed Chair for Real Estate in the State in his name. He is the recipient of three resolutions by the City of Chicago and is nationally recognized as a leader in his industry. He is the author of Central Station: Revalizing a Vision; a member of the Board of Trustees of Roosevelt University; The Chicago School of Real Estate and numerous other philanthropic organizations including The Fogelson Foundation. He received the Legacy Award in 2014 from the Palm Springs Art Museum.

Anthony Pasquinelli
Executive Vice-President
BnA Homes

Former Executive Vice President and Secretary/Treasurer of Pasquinelli / Portrait Homes Companies, etal. A native Chicagoan, Tony attended the University of Illinois and graduated with a Bachelor of Science in Accounting in 1956. After college he continued his education at John Marshall Law School. Prior to founding Pasquinelli Construction Company with his brother Bruno in the early 1960’s, Tony was Vice President in Charge of Sales for the Lakeside Lumber Company. Tony is a Lifetime Trustee on the Board of Trustees and is one of the founding members of the Roosevelt University School of Real Estate MBA program. As one of the school’s major contributors, he has helped shape its strategic planning, emphasizing the value of its mentorships, training programs and other pragmatic programs. Portrait Homes and Pasquinelli companies built over 50,000 homes in ten states and had become one of the top ten privately held homebuilding businesses in the United States until the Real Estate Depression of 2008. Tony’s active involvement in the homebuilding industry has spanned a generation. He is the former President and a life director of the Residential Construction Employers Council (RCEC) and Vice Chairman of the Mid America Bargaining Association. He was also a director for the Home Builders Association of Greater Chicago (HBAGC). His other interests and involvements include six years as Planning Commissioner for the Village of Flossmoor, Illinois. As Chairman of the Board of the Beverly Bank Group he oversaw the merger with St. Paul Federal, after which he was retained on the St Paul Federal board of directors. He was also, through the Pasquinelli Family Foundation, a major contributor to and ten year advisory board member for the Center for the Performing Arts at Governors State University and for the past several years has become a major contributor for the Auditorium Theater of Roosevelt University.

Board Co-Chairmen

Patrick FitzGerald
President
FitzGerald Architects

Pat FitzGerald is chairman of FitzGerald, a prolific design firm in Chicago that has provided its clients with architecture, interior design and planning services for multi-family, mixed-use, affordable, public, market-rate, luxury, student and senior housing, as well as commercial office and retail design, for more than 98 years. An architect and developer, Pat has been responsible for the creation of approximately 20,000 units of housing and has demonstrated the continued viability of long-neglected forms of housing, including townhomes, rowhouses and courtyard apartment buildings.Pat is a founding member of the Advisory Board of the Marshall Bennett Institute of Real Estate at Roosevelt and a member of the Lincoln Park Builders of Chicago.

Joseph Pasquinelli
Joseph Pasquinelli
Principal
Archideas

Joe is one of the founding principals of ARCHIDEAS, a medium sized architectural firm in Chicago. ARCHIDEAS has been providing thoughtful, innovative, knowledge based design solutions since 1992 with a diversified portfolio including office, retail, commercial corporate interiors, technology, residential, cultural, and industrial projects in a wide range of scales. After attending Miami University in Oxford Ohio he went on to study at Yale University where he received his Master’s degree in Architecture. Joe began his professional career at the "University" of Skidmore, Owings and Merrill where he first met his current business partners. Joe has been very supportive of Roosevelt University in Chicago where he is on the Board of Trustees; he also sits on the Advisory Board of the Marshall Bennett Institute of Real Estate at Roosevelt University.

Executive Committee

Dominic Adducci
Dominic J. Adducci
Principal
The John Buck Company, LLC

Mr. Adducci serves as Principal of the Development Group for The John Buck Company. His responsibilities include managing the planning and execution of development projects. Prior to joining JBC, Mr. Adducci was Managing Director of Mesirow Financial Real Estate and its predecessor firm, Stein & Company. During his nearly 24 years at Mesirow and Stein, he led projects as diverse as the design-build Chicago Board of Trade addition, an office building for Ameritech’s (now AT&T) corporate campus in Hoffman Estates, Illinois and a 237-unit condominium project in downtown Chicago. Prior to Stein & Company, Mr. Adducci served as Director of Portfolio Management at CNA Insurance where he restructured troubled real estate transactions valued at $500 million. He also managed design and construction for the IBM Corporation in the Midwestern region. Mr. Adducci earned a Bachelor of Science with highest honors and Master’s Degree in Architecture from the University of Illinois at Urbana-Champaign and a Masters of Real Estate Development from the Massachusetts Institute of Technology. He is a licensed architect and member of the American Institute of Architects. He also serves on the Executive Committee of the Advisory Board at the Marshall Bennett Institute of Real Estate of Roosevelt University and the Board of Directors of Cristo Rey Catholic High School.

Gary Benson
Managing Director
Coldwell Banker
James Connor
James B. Connor
Chairman & CEO
Duke Realty
Louis David D'Angelo
Louis David D'Angelo
President
Metropolitan Properties of Chicago, LLC
Michael Drew
J. Michael Drew
Partner
Structured Development LLC

As a founding principal of Structured Development, LLC, J. Michael Drew has been engaged in the real estate development and construction management business for nearly 40 years. Michael matriculated at the University of Illinois where he studied Business Administration and Architecture. Over 25 years as a general contractor, Michael has had extensive experience in all phases of the construction process, especially scheduling of labor forces and subcontractors and comparative purchasing of material and equipment. Notable projects completed include City Hall Lobby and Entrance Renovations, Marshall Field and State of Illinois Pedways, Clark Lake and Roosevelt Subway Stations, McCormick Place Expansion, and numerous utility tunnel installations. Michael has served on the Advisory Board for the Marshall Bennett Institute of Real Estate at Roosevelt University for over a decade.

Bruce Fogelson

Bruce Fogelson
President
Fogelson Properties, Inc.

Ross Glickman
President/CEO
Capri Retail Advisors, LLC
Arathi Gowda
Arathi Gowda
President/CEO
Capri Retail Advisors, LLC
Chistoper Groesbeck
Principal
Stantec
Harry Huzenis
Harry Huzenis
Executive Vice-President
JRG Capital Partners
John Joyce
John R. Joyce
Partner
Roetzel & Andress

John is a Partner in the law firm Roetzel & Andress LPA in its Chicago, Illinois office. John concentrates his practice primarily in real estate transactions and assists his clients in solving complex real estate problems. John represents devselopers through acquisition, financing, construction and final disposition of development projects. He is very familiar with all aspects of the development process, including land use, environmental, leasing and tax issues.

Larry Mayer
President
Larry Mayer & Company
Michelle C. Panovich
Principal/SVP
Mid-America Asset Management Inc.
Hipolito (Paul) Roldan
President
Hispanic Housing Corporation

As Chief Executive Officer of Hispanic Housing Development Corporation, Mr. Roldán has developed over 4,100 affordable apartments and town-homes in over 54 various developments for families and elderly residents of several Hispanic communities in Chicago. In 1988, Mr. Roldán was awarded a John D. and Catherine T. MacArthur Foundation Fellowship for his work in Community Development. He committed $100,000 of his Fellowship award for the establishment of the Teresa and Hipolito Roldán Community Development Scholarship Fund in order to attract Latinos into the community development field. He was awarded a Bronze Star with "V" Device for combat duty in Vietnam, and holds a Bachelor's degree in Social Studies from St. Francis College, and a Master's degree in Urban Studies from Long Island University in New York. Mr. Roldán also serves on various boards and committees including the Chicago board of the Local Initiatives Support Corporation, Latino Policy Forum, MB Financial, N.A., Housing Partnership Network, and The Institute of Puerto Rican Arts and Culture, and is co-chair of Mayor Rahm Emanuel's Green Ribbon Committee for Climate Change.

Greg Warsek
Greg Warsek
Senior Vice-President
Associated Bank
Felicia Yonter
Director of Commercial Services
Chicago Association of Realtors

Advisory Board Members

Bruce Adreani
Bruce J. Adreani
President
Norwood Builders
Ben Bischmann
Ben Bischmann
Vice-President
Jones Lang LaSalle

Ben Bischmann currently oversees a portfolio of 35 million square feet of industrial property as Senior Vice President and the Midwest Industrial Property Management Lead for JLL. Ben assists his clients in the development, implementation, and oversight of their investment strategies. Other responsibilities include the direction of management, assisting in acquisition due diligence and leasing, transitioning new acquisitions, and the strategic planning and coordination of client management, sustainable practices and construction services. Prior to JLL, Ben served as an account manager for Colliers International on a portfolio of 93 properties consisting of over 1.4 million square feet of commercial office space and 5.9 million square feet of industrial space in the Chicago market. Ben began his real estate career with New West Realty, where he served as Broker-Associate. The Chicago based firm specializes in new construction development sales in various Chicago neighborhoods and surrounding suburbs. Ben was involved in the sales of various projects ranging from single-family homes, town homes, live/work lofts, retirement and mixed-used communities. In addition to sales, he was charged with overall project marketing, daily operations, and maintenance of the various Sales Centers.

Carmen Pilar Calder
Carmen Pilar Caldero
President
CPC & Associates
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Angela Castellani
Angela Castellani, PhD
Senior Managing Director
Ferguson Partners

Angela is Senior Managing Director and Head of Ferguson Partners Leadership Consulting practice. She and her team specialize in talent strategy, individual and team assessment, executive coaching, succession planning, and team effectiveness. Her approach to assessment and leadership development is underpinned by her experience leading a team, managing a P&L, and launching a new office and business line for her company. Both as an external consultant and internal business leader, she has honed her ability to integrate insights about people and behavior with an understanding of business issues, strategic imperatives, and organizational culture. In addition to her consulting experience, Angela has 10 years of clinical and research experience specializing in interpersonal communication, building and maintaining trust, and improving the quality of relationships. In her early career, she worked in the Texas federal prison system, an inpatient psychiatric hospital, as well as a top US medical school. Her foundational background and education in clinical psychology enables her to go a step beyond traditional assessment and coaching work to help business leaders spot effective and ineffective behaviors, understand what drives that behavior, and translate the self-awareness into long standing change. Angela completed her Masters and PhD in Clinical Psychology at Texas A&M University. She holds her Bachelor’s degree in Psychology from University of Illinois at Urbana-Champaign.

Pierre C. Cowart
Executive Vice-President
Leopardo Companies, Inc.

Pierre is a 23-year veteran of Leopardo with a strong background in architecture and a robust portfolio of managing diverse construction projects. He earned the trust and respect of many recognized national brands including Arthur J. Gallagher, Radio Flyer, Big Ten Conference, Walgreens, Honda, Universal Technical Institute and more. Pierre has routinely executed Fast-Track, CM-at-Risk, Design-Build, and Phased GMPs with multiple bid packages by defining the unique opportunities and benefits of each different project approach. Pierre graduated from the University of Illinois in Champaign-Urbana with a Master of Science in civil engineering, Master of Architecture and a Bachelor of Science in architectural studies. He also studied architecture and urbanism at the Ecole des Beaux Arts in Versailles, France. He is a member of the U.S. Green Building Council (USGBC). He has guest lectured at the University of Illinois on both architecture and civil engineering, as well as at Roosevelt University in Chicago.

Stephanie Draughon
Managing Partner, Business Development Review, LLC
Property Tax Valuations & Appeals
James Grusecki
James P. Grusecki
Chairman/CEO
Northern Builders, Inc.

James P. Grusecki is Chairman of Northern Builders, Inc. As one of the firm's two managing principals, Jim is responsible for strategic planning and development of Northern's business opportunities. Jim’s tenure at Northern spans 50 years and has been instrumental in the company's growth. Jim is an active member of SIOR, AIRE, and on the Board of Advisors of Roosevelt University's Chicago School of Real Estate. Jim currently serves as Director of the First National Bank of Brookfield and is a Governing Member of the Chicago Symphony Orchestra. Jim is former board president of Victory Gardens Theater as well as a former director of Gottlieb Memorial Hospital. Mr. Grusecki holds a Bachelor of Arts, Business Administration and Economics from University of St. Thomas in St. Paul Minnesota.

Celeste Hammond
Celeste Hammond
Professor/Director
John Marshall Law School

Celeste M. Hammond is a Professor and Director of the Center for Real Estate Law at The John Marshall Law School in Chicago. She is a Fellow of the American College of Real Estate Lawyers (ACREL) and has been elected into membership in Lambda Alpha International. She is an author of two commercial real estate casebooks that emphasize the transactional aspect of practicing law. Professor Hammond is an author (with Bender, Madison & Zinman) of Modern Real Estate Finance and Land Transfer – A Transactional Approach for Aspen (6th ed. 2018) and Commercial Leasing – A Transactional Primer, (with Bogart) for Carolina Academic Press (2nd ed. 2011). These casebooks are used nationally in law schools and business schools. Professor Hammond has served as Director of the Center for Real Estate Law since its beginnings in 1993. The program offers both an LLM degree in Real Estate Law and an MJ degree for non-attorneys who have experience in the industry. Both programs are available on line. Professor Hammond serves as a neutral on the Commercial and Construction panels of the American Arbitration Association, serves as a consultant for commercial real estate litigation and serves as an expert witness.

Dennis Harder
Consultant/Teacher
D. A. Harder & Company/
Roosevelt University

In 2011 Mr. Harder retired after a forty-five-year career in urban planning and real estate to devote his energies to teaching, travel and occasional consulting. As Adjunct Professor at Roosevelt University, Mr. Harder has been teaching the Real Estate Development Course for more than a decade, and his student teams have won the Harold E. Eisenberg Foundation Midwest Real Estate Challenge four out of the five times they have entered that competition.

Kim Kourelis
Kim Kourelis
Managing Director
CIBC United States
Nasutsa M. Mabwa
President
Service Master by Simons
Frank Martinez
Frank A. Martinez
President/CEO
La Unica Realty Advisors, LLC
John H. Mays
Managing Partner
Gold & Ratner LLP
Clayton McCaffery
Clayton McCaffery
Managing Director of Development and Leasing
McCaffery Interests, Inc
Thomas J. Meier
Vice-President of Sales
Chicago Title Insurance Company
John A. Murphy, CMI
Principal
Popp Hutcheson, PLLC
Mary Nack
Mary Nack, CRS, GRI, PMN
Broker Associate
Jameson Sotheby's International Realty
Joe Neverauskas
Joseph Neverauskas
Senior Vice-President
EQUUS Capital Partners

Mr. Neverauskas is responsible for the acquisitions, management and operations of Equus’ Midwest and Western U.S. portfolio. Mr. Neverauskas has extensive experience in acquisitions and dispositions, investment strategy and asset and portfolio management of institutional assets of all major property groups throughout the United States. Mr. Neverauskas is a licensed real estate broker in Illinois and is an active member of the Counselors of Real Estate, where he was former Chairman of the local chapter. He holds a B.S. in Real Estate from The Kelley School of Business at Indiana University where he is a board member for the Benecki Center for Real Estate Studies. Mr. Neverauskas serves on the Board of Directors of several civic and non-profit organizations and was Chairman of the Investment Committee of St. George Corporation, a private healthcare organization located in Metropolitan 0Chicago along with being a board member of Palos Community Hospital. Mr. Neverauskas is also on the Advisory Board of Roosevelt University’s Marshall Bennett Institute of Real Estate Studies.

John Newmann
John R. Newman
Retired
LaSalle Banv

Longtime LaSalle Bank executive John Newman has joined PrivateBank in Chicago as a managing director. Mr. Newman, 61, was one of former LaSalle CEO Norman R. Bobins' key lieutenants, overseeing commercial real estate for years and finishing his career as head of commercial banking before his departure soon after Bank of America Corp. bought LaSalle in October. He will serve as an adviser to PrivateBank's commercial real estate group, focusing on business development, the company announced Thursday. At LaSalle, Mr. Newman was long a peer of Larry Richman, now CEO of PrivateBancorp Inc., who was for years LaSalle's business banking head and briefly served as LaSalle Bank CEO. Mr. Newman is the last of the senior executives at LaSalle to make a move in the banking industry following the B of A takeover.

Thomas O'Brien
Thomas B. O'Brien
Vice President
Henry Brothers Co.
David Pezza
David Pezza
Partner
Pircher, Nichols & Meeks
Paul Roland
Paul Roland
President
Homes Inc.
David Rubin
David M. Rubin
Sr Director, Capital Markets
MB Financial, NA

David Rubin is Senior Managing Director and head of MB Financial’s Capital Markets Group. The Group’s capabilities include merger and acquisition advisory, capital solutions, derivatives, and real estate advisory and placements. Mr. Rubin has over thirty eight years of capital markets and real estate finance experience. Prior to joining MB Financial, he spent twenty nine years with BMO Financial Group, where he headed up its US real estate investment banking and finance practice from 1992 to 2010, as well as a number of other business units. Mr. Rubin has broad corporate and project finance experience and has been involved in a wide range of debt and equity transactions totaling several billion dollars over the course of his career. He is a graduate of the University of Illinois and holds graduate degrees from University of Chicago and Harvard University. He is FINRA licensed Series 7, 79, 24 and 63. He is a member of the Urban Land Institute and is active in supporting a number of philanthropic and educational ventures. He serves on the advisory boards of the Marshall Bennett Institute of Real Estate at Roosevelt University as well as the James A. Graaskamp Center for Real Estate at the University of Wisconsin.

Leo Solarte
Managing Partner
Greenstone Partners
Jonathan Stein
Jonathan J. Stein
President
Inland Real Estate
Commercial Brokerage, Inc.

Jonathan J. Stein was a physical education teacher for the Chicago Public schools for seven years before entering the real estate industry and is now the President of the Inland Real Estate Network and a Director of Inland Real Estate Advisors, Inc., an investment real estate sales firm based in Oak Brook, Illinois and has been with Inland for over 40 years. . Mr. Stein is currently a member of the Alternative Direct Investment Securities Association (ADISA), a member of the National Association of REALTORS®, the Chicago Association of REALTORS®, the National Auctioneers Association, and a member of the International Council of Shopping Centers (ICSC) Government Relations Committee of Illinois, an Advisory Board Member of the Roosevelt University Institute of Real Estate and a Trustee and Vice Chairman of Northeastern Illinois University Board of Trustees. Mr. Stein has an Associates of Arts degree from Amundsen-Mayfair Junior College (now Truman), a Bachelor of Arts in Psychology from the University of Illinois at Chicago and a Master of Arts in Leadership in Higher Education from Northeastern Illinois University.

Susan Tjarksen
Susan Tjarksen
Managing Director
Cushman & Wakefield
Randy Waites
Randel S. Waites
Principal/ Property Management
Avison Young

Randy Waites joined Avison Young in April 2015 as a Principal specializing in Property and Asset Management Services. Randy provides oversight over the Commercial Property Management efforts within the Chicago Market Place. Prior to joining Avison Young, Mr. Waites was the Senior Managing Director and Midwest Regional Lead of Investor Services with Cushman & Wakefield. Before working for Cushman & Wakefield, Mr. Waites served as Chief Operating Officer of John Buck International where he helped establish a property and asset management division based in Abu Dhabi, United Arab Emirates. Prior to his role with John Buck, he held an Executive Vice President, Asset Management position with Riverway formerly, Prime Group Realty Trust, a self-managed and administered publicly traded REIT. Mr. Waites also acted as asset manager for approximately 38 facilities totaling approximately 4 million square feet of industrial and mixed use properties acquired from Sealy in the South, South East and Puerto Rico on behalf of Prime Group Realty Trust’s parent, The Lightstone Group.

Leon Walker
Leon I. Walker
Managing Partner
DL3 Realty, LP

Leon I. Walker is driven by a mission to develop commercial real estate projects which help to improve and sustain neighborhood life in urban communities. For the past 15 years, he has served as the managing partner of DL3 Realty, LP (“DL3”), a Chicago real estate investment partnership that owns and manages a diverse commercial real estate portfolio including grocery retail centers, medical office buildings and educational facilities. Mr. Walker is passionate about projects that improve health and education options in Chicago’s under-served communities, and was appointed by Governor Pat Quinn to serve as a commissioner on the Roseland Community Medical District in 2012. He is a graduate of the University of Chicago’s Law School and Booth Graduate School of Business, and received his Bachelor’s degree from the University of Michigan. He is an avid reader, accomplished bass player, experienced traveler, and serves on numerous community boards including Roseland Medical District, Far South CDC, Marshall Bennet Institute of Real Estate at Roosevelt University, and Greater Chicago Food Depository.

Susan Tjarksen
Matthew A. Ward
Sr. Managing Director
Newmark Grubb Knight Frank
Joseph Wisniewski
Partner
Deloitte Tax LLP

Joseph L. Wisniewski is a Partner with Deloitte Tax LLP. He has over 30 years of experience consulting clients on various tax matters. He specializes in tax issues relating to partnerships, real estate investment trusts and unrelated business income tax for the real estate industry. He has served a wide range of real estate clients including private equity firms, pension advisors, institutional investors, REITs, and developers. oe attended Northern Illinois University where he received a B.S. in Accounting. He also holds a J.D. with distinction from The John Marshall Law School. He is a member of many professional and civic organizations including the ABA, AICPA, Northern Illinois University Business School Board of Advisors, Roosevelt University Real Estate School Board of Advisors, NAREIT, ULI and many others.

Goldie B. Wolfe Miller
President
Millbrook Corporate Real Estate Services

Ex-Officio

Asghar Sabbaghi
Dean of Students
Heller College of Business
Roosevelt University
Collette English Dixon
Executive Director
Heller College of Business
Roosevelt University

Real Estate Faculty

Dr. Thomas W. Hamilton, MAI, CRE, FRICS, CDEI
Associate Professor of Real Estate
Heller College of Business
Roosevelt University
Dr. David L. Funk, CRE
Associate Professor of Real Estater
Heller College of Business
Roosevelt University
Dr. Henry Silverman
Associate Professor of Finance
Heller College of Business
Roosevelt University