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Director's Update

Dear Colleagues, Associates, and Friends:

The 15th Annual Real Estate Gala is in planning for November 10, 2016.  The event will be honoring Jim Connor, President and CEO, Duke Realty and will include the formal unveiling of the new DREAM FUND program providing scholarships, internships, and job placement particularly focused on women and minorities.  Please see the scholarship listings for details on this new exciting program.

We are still receiving applications for the latest entering class of MSRE and MBA/RE students for fall 2016.  We are also now recruiting for the MBA/RE or MSRE program for spring 2017.  Scholarships are available to students entering either semester.

The Institute has launched a program providing memberships for students interested in industry organizations.  Over 50 student memberships have been established in IREM, ULI, CoreNet, USGBC, CREW, NAIOP, CCIM, and ICSC.  

Two new undergraduate classes are being started this year - Real Estate Finance and Real Estate Market Analysis.  If there is sufficient interest we will be exploring adding an undergraduate program to the current graduate degree program.

A student team will again be entering the HEEF Midwest Real Estate competition in spring 2017.  Last year's team won an Honorable Mention after three previous 1st place finishes by Roosevelt teams.  Our real estate development students are eager to win again in 2017. 

Please contact Latosha McKinney at (312-281-3269) or or me for more information on the new DREAM FUND, our new undergraduate classes, and the upcoming 2016-2017 school year. 

Best Regards,
Jon B. DeVries,  AICP, CRE
Director, Marshall Bennett Institute of Real Estate

Advisory Board


Marshall Bennett
Marshall Bennett Enterprises

Gerald Fogelson
The Fogelson Companies
 Anthony Pasquinelli
Executive Vice President
BnA Homes

Members Company


Patrick FitzGerald
FitzGerald Associates Architects
Joseph Pasquinelli 
Archideas, Inc.

Executive Committee

Garry Benson 
Managing Director
ARO Off-Site Solutions LLC
Louis D'Angelo 
Metropolitan Properties of Chicago LLC 
J. Michael Drew
Structured Development LLC
Ross Glickman
President / CEO
Capri Retail Advisors, LLC
Christopher Groesbeck
VOA now Stantec
Harry Huzenis
Executive Vice President 
JRG Capital Partners
John R. Joyce
Roetzel & Andress
Larry Mayer
Larry Mayer & Company
Clayton McCaffery 
Managing Director, Development and Leasing 
McCaffery Interests
Michelle C. Panovich
Principal / SVP
Mid-America Asset Management, Inc.
Hipolito (Paul) Roldan
Hispanic Housing Development Corporation
David M. Rubin
Senior Managing Director, Capital Markets
MB Financial Bank, NA
Gregory T. Warsek 
Senior Vice President / Chicago Market Manager
Associated Bank
Felicia Yonter
Director, Commercial Services
Chicago Association of REALTORS

Advisory Board Members

Dominic J. Adducci
Principal and Co-Head Development/Construction
The John Buck Company, LLC
Bruce J. Adreani
Norwood Builders
Bruce Bachmann
Bachmann Associates, Ltd.
Ben Bischmann
Vice President
Jones Lang LaSalle
Carmen Pilar Caldero
CPC y Asociados
John G. Caruso
Kirkland & Ellis LLP 
James B. Connor
President & Chief Executive Officer
Duke Realty
Yolanda M. Daniel  
Stephanie Draughon
Managing Partner, Business Development
Review, LLC
Property Tax Valuations & Appeals
Rob Ferrino
Madison Construction
Bruce Fogelson
Michael George
Cushman & Wakefield of Illinois, Inc.
Arathi Gowda, AIA, AICP, LEED AP BD+C 
Associate Director
Skidmore, Owings & Merrill LLP 
James P. Grusecki
Chairman / CEO
Northern Builders, Inc.
Celeste Hammond
Professor / Director, Center for Real Estate Law
John Marshall Law School
Dennis Harder
Consultant / Teacher
D. A. Harder & Company /
Roosevelt University 
Nasutsa M. Mabwa
ServiceMaster By Simons
Frank A. Martinez
La Unica Realty Advisors, LLC
John H. Mays
Managing Partner
Gould & Ratner LLP
Thomas J. Meier
Vice-President / Director of Sales
Chicago Title Insurance Company
Juan Gabriel Moreno, AIA
John A. Murphy, CMI
Director, Real Estate Assessments
Popp Hutcheson, PLLC
Mary Nack, CRS, GRI, PMN
Broker Associate
Sotheby's International Realty
Joseph Neverauskas
Senior Vice-President
EQUUS Capital Partners, Ltd. 
John R. Newman Retired
Thomas B. O'Brien
Vice President 
Henry Bros. Co. 
David J. Pezza
Pircher, Nichols & Meeks
Adair Schwartz
Power Realty Partners, Inc.
Leo Solarte
Managing Partner
Greenstone Partners
Jonathan J. Stein
Inland Real Estate Advisors, Inc.
Randel S. Waites
Principal / Property Management
Avison Young
Leon I. Walker 
Managing Partner
DL3 Realty, L.P.
Joseph Wisniewski
Deloitte Tax LLP
Goldie B. Wolfe Miller
Millbrook Corporate Real Estate Services


Dr. Joseph O. Chan
Dean, Heller College of Business
Professor of Info Systems

Heller College of Business
Roosevelt University
Jon B. DeVries, AICP, CRE 
Marshall Bennett Institute of Real Estate
Heller College of Business
Roosevelt University 
Latosha L. McKinney
Institute Coordinator 
Marshall Bennett Institute of Real Estate.
Heller College of Business
Roosevelt University 

Real Estate Faculty 

Dr. Thomas W. Hamilton, MAI, CRE, FRICS, CDEI
Associate Professor of Real Estate 
Gerald W. Fogelson Distinguished Chair  
Marshall Bennett Institute of Real Estate
Heller College of Business
Roosevelt University
Dr. David L. Funk, CRE
Associate Professor of Real Estate
Pasquinelli Family Distinguished Chair

Marshall Bennett Institute of Real Estate
Heller College of Business
Roosevelt University
Marshall Bennett, Founder

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.

After serving in the Navy and a brief stint with Hart and Whetson, Bennett formed a partnership with friend Louis Kahnweiler, known as the firm Bennett & Kahnweiler in 1949. 

Bennett and Kahnweiler (now part of Colliers International) became one of Chicago's oldest corporate real estate firms with broad-based expertise in industrial and office brokerage, development, investment and consulting. The team’s first comprehensive planned industrial district was O’Hare Industrial Park in 1954.  Recognizing the value and potential of the surrounding area, Bennett discovered Centex (for Central Texas) Construction Company which was looking to buy property.

Backed partially by funding by longtime friend Jay Pritzker, the companies created the 2,200 acre Centex Industrial Park in Elk Grove Village in 1957 through 1973.

Bennett & Kahnweiler went on to develop more than 26 state-of-the-art industrial and office parks in Denver, St. Louis, Milwaukee, San Francisco, Atlanta, Southern California, Georgia, Masachusetts as well as many other major sites in Chicago.

In addition to his work in real estate, Marshall Bennett has had a significant impact in the fields of medicine, science, the arts and global initiatives.

His work includes his service as a Life Trustee of the Northshore Medical Group (formerly Evanston Northwestern Healthcare System) where he founded the Arlene and Marshall Bennett Chair in Neurosurgery.

Other donations include the Arlene & Marshall Bennett Research Laboratory in Adolescent Psychiatry, Michael Reese Hospital and the Bennett/Pritzker Department of Women’s Health, Weizmann Institute, Rehovot, Israel.

He is a Trustee on the Weizmann Institute, Rehovot Israel and has served as Chairman of the Chicago Chapter.  He has served as director for the East-West Institute, an international non-profit organization focusing on international conflict resolution and has worked with the Clinton Foundation.

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.

Awards include:

  • Urban Land Institute Lifetime Achievement Award, University of Chicago - 2008
  • Lifetime Achievement Award, National Association of Industrial/Office Parks
  • Hall of Fame Award – Chicago Board of Realtors – 1989
  • Torch of Hope Award, Albert Einstein Peace Prize Foundation - 1984
  • "Man of the Year" by the National Association of Industrial and Office Properties – 1979
  • Honorary Chairman, Alexian Brothers Hospital
  • Honorary Member, Lamda Alpha National Land Economic Society
  • Honorary Director, Bank of Highland Park
  • Co-Chairman, National Football League Players Banquet, 1982, ‘83 and ‘85

On April 3, 2014, Roosevelt University dedicated “Lifescape: A Video Portrait of Marshall Bennett” at the school’s Heller College of Business and the Marshall Bennett Institute of Real Estate, (MBIRE) Wabash Building, 425 S. Wabash, Chicago. The installation is open to students, faculty and the general public daily.

The installation was produced by Bennett’s daughter, author Bija Bennett, and features a film directed by noted video artist Lincoln Schatz with music recorded by cellist Ken Olsen of the Chicago Symphony Orchestra.