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For University Town Center, Benderson never had his doubts -- even though the project is beyond his usual retail project. Many fellow soldiers wanted something harder than base-served beer. Some of the statements are not as detailed as others, but they are interesting nonetheless. But even those who disagree with Shaw praise the father of nines gregarious personality and say that hes always guided by what he thinks is best for Newtown. But some things are the same. Randy Benderson was greatly influenced by his father to help charities that support the elderly as well. They build empires, in fields from shopping center development to restaurants. W.A. At JCC Buffalo, Randys father helped develop the Weinberg senior living campus. 0.17 miles away. A global connoisseurask him to show you his travel photography. Met Life was pleased enough that it ordered another dozen buildings during the next few years, trusting Benderson to get them done. A decade later, he moved his company's headquarters to Florida, but maintained regional headquarters and major assets in Buffalo. benderson family net worth. Jensen, 61, made the vision a reality, and his influence keeps growing with the ranch. He didn't have any trouble that whole winter," Benderson said. With this data, we predict the The Beeston Fam YouTube channel generates $359.32 thousand in ad revenue a month and $5.39 million a year. Access to this site (the "Site"), is provided by Family Office Marketplace (the "Company"). 1898: James M. Cox, 28, borrows $26,000 from friends and family to purchase the Dayton Evening News in Ohio. For Benderson and other investors, conversely, net-lease transactions provide long-term stable cash flow and credit-tenant guarantees. Now a paralegal and vice president of the Florida ACLU, Barfield works with attorney Andrea Mogensen, defending the rights of Sarasotas homeless and forcing local governments, often through costly lawsuits, to operate in the Sunshine. Respected, feared and even hated, he seems indifferent to the emotions he evokes. Mike Harrington: His team looks good, even without Alex Tuch. Companies like Thrivent, Pioneer Natural and Kroger are attracted to net-lease real estate deals because they allow them to redeploy capital for operations or other expansions. The shrewd founder of billion-dollar Sarasota-based collections agency Vengroff Williams, Harvey Vengroff, 75, has become the face of affordable housing in Sarasota, converting old motels to rental units and now building a new 393-unit apartment complex for the working poor. After returning to Buffalo, Benderson's father-in-law convinced him to come to work for him, making $100 a week. Isaac Benderson was strict, never giving Nathan the 10-cent admission to Saturday matinees, so Nathan walked a mile to the Utica Avenue theaters, picking up pennies from tin cans at newspaper stands along the way. Sports a dry sense of humor and a passion for filmmaking, expressed in several documentaries about Newtown. As president of the company, Randy Benderson is following the footsteps of his father, Nathan, in the commercial real estate industry. Benderson enjoys relationships with nearly 1,700 tenants, 90 lenders, and six major banks. Tough but fair, she has a sharp sense of humor and can take it as well as dish it out. "The sell out value of Ersa Grae's projects are in excess of $500 million. Those he advocatesincluding the controversial (and short-lived) hiring of a sports executive as the citys first homelessness directormove forward. benderson family net worth - thegamersblog.com Benderson sells off $2.3-billion portfolio after moving south Sign up for our newsletter to keep reading. This biography of the founder of the Benderson Development Co. appeared in the Herald-Tribune in 2007. Our bonding capacity for individual projects is $100 million.". Benderson Family Skilled Nursing and Rehab Center Caution and uncertainty are the popular themes. Just as stunning was the way he questioned Stovroff about Hospice. georgia forensic audit pulitzer; pelonis box fan manual He also was a major benefactor for Roswell Park Cancer Institute, Buffalo Zoo, SPCA Serving Erie County, Variety Club, Buffalo Philharmonic Orchestra, Food Bank of Western New York and Center for Hospice and Palliative Care. As was the case in both the Thrivent and Duke Energy deals, Benderson worked with Timonium, Maryland-based CGA Capital, which specializes in net-lease financing and acquisitions and has closed more than $20 billion worth of deals since its formation in 2009 by executives from RBS Securities and formerly Legg Mason Inc., of Baltimore. When his father was still at the helm of Benderson Development Co. he was awarded the first ever Lifetime Achievement Award by The Foundation for Jewish Philanthropies in 2004 for his extraordinary generosity, service, and community commitment. He and partner Phil Mancini have created a catering empire in this very social city, and lately Klauber has been channeling his nonstop enthusiasm and energy into serving as auctioneer at fund raisers, too. As such, animal adoptions as an advocacy resonate strongly in Randy Benderson. A theater fan, she showed her own creativity in the innovative way shes envisioned the foundation, which instead of vetting grant applications launches its own ambitious and imaginative initiatives, in areas from childrens reading and homelessness to reinventing the nations military cemeteries. Meanwhile, The Jewish Federation of Greater Buffalo created a leadership award in honor of his father, the Nathan Benderson Leadership Award. Who was Nathan Benderson? - Sarasota Herald-Tribune Brainy and dedicated, Thaxton, 58, did exhaustive homework and managed to balance business and quality of life issues during his eight years on the Sarasota County Commission. He expects those he deals with to have done their homework. In addition to making more money each day, Benderson Development is becoming more well-known. Dennis Anderson takes home a monthly salary of $32,000, while his net worth is reported to be $5 million US Dollars. His achievement stems from the ascension of diligent labor. "Financial capacity of development team. Benderson has also acquired ground leases under New York Citys 300-room Hampton Inn Manhattan/Times Square Central; the nine-story, 206-room Highland Dallas hotel; and the 17-story, 525-unit Willard Towers apartments in Chevy Chase, Maryland, a tony suburb of Washington, D.C., the company says in a statement. The centers are located in Florida, New York, Ohio and Kentucky. The Queen Mother of the philanthropic scene, Jacobs, 65, head of The Patterson Foundation, is the connector, collaborator and confidante of just about every philanthropy professional in the region. Benderson has accumulated an extensive net lease portfolio centered around ground leases, retail, office, industrial and hospitality properties. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. Leave a Comment / Net Worth / December 24, 2022 December 24, 2022 Ron Benderson is one of the most popular faces on the globe. Knight Building: started 2000; $1.5 million; Wachovia National Bank, Jacksonville DDA and Duval County HFA. And in this case, Benderson performed flawlessly.. That was the start of Delta Sonic Car Wash. More than a decade later, he and his youngest son, Randy, began making plans for the Niagara Factory Outlet Mall, which opened in 1982. "We had never built a building in our lives," Benderson says. Your email address will not be published. "Robert Davis' longstanding role in founding and developing Seaside speaks for itself in terms of commitment to excellence and Arcadia's capabilities. The Jewish Community Center also named a campus after him in Amherst. "Each of Ersa Grae's projects are normally held in a single asset subsidiary, jointly owned with various investors. In todays economic environment, sale-leasebacks provide growing companies with a highly efficient capital solution, so this was a prudent financial decision for us at Thrivent, Vibhu Sharma, the companys CFO, says in a statement. However, theres more to his fathers legacy than running one of the regions largest real estate development companies. What they did not know is that the trips were never about the ice cream. Benderson have supported are SPCA Serving Erie County, Variety Club, and the Buffalo Philharmonic Orchestra. Benderson Development Co. owns or manages 250 properties, a portfolio that includes 30 million square feet of office buildings, industrial parks, residential communities and hotels. Brilliant Wharton B-school grad and developer Pat Neal, 67, of Neal Communities dominates the regional builder landscape and is consistently ranked one of Americas best builders. Merrill Lynch Building: started 1998; $7 million; Bankers Trust. The Benderson Family Life Insurance Legacy Initiative is in excess of $130 million and will go to whatever charities the family decides to support, Levy said. The four finalists for developing a project at Palm and Cocoanut avenues appear to have the experience and the funds to deliver. He still is not. In St. John suits and a bouffant blonde hairdo, Jennings, 70, founded, led and sold Sarasota Bank at a time when banking was a mans world, then surprised her conservative clients by running for Congress as a Democrat, losing to Vern Buchanan by just 368 votes. Consulate Health Care of Sarasota 4783 Fruitville Road, Sarasota, FL 34232. The man who collected broken glass as a child to afford a new pair of shoes prefers to keep his fortune closely guarded and in the family. As an elementary school student, the son walked up and down the front of his grandfather's Buffalo, N.Y., cigar store selling Christmas tinsel. Financing ability: "Supported by its substantial net worth, extensive holdings and long-term track record, Benderson enjoys an excellent relationship with 90 present lenders. When the project failed, he lost $1 million. Nathan Benderson is famous for his work ethic and his questions, the way he drills down into every detail of a deal -- whether it is business or philanthropy. A good listener, hes passionate, practical and well connected and is a driver of the commission agenda. Woodmont, Pa.: A traditional neighborhood development in upscale and affluent Huntingdon Valley, will be the crown jewel of "New Urbanist" development in the Philadelphia area. "The Bendersons don't fool around. Additionally, he put up Nates Place in 2007 by converting a prime storefront spot near their corporate headquarters in University Shoppes. Executive brings more than two decades of environmental sustainability experience. As of December 2003, Benderson has 356 separate mortgages outstanding for $1.68 billion dollars. Thirteen Fifty Main: scheduled to start construction in the summer; $50 million; conventional financing by a local Sarasota lender, such as Sarasota/Colonial Bank, AmSouth or United Bank. By 16, he quit school and bought an old truck, hauling bottles to as far away as Cleveland. nathan benderson net worth During 2003, Benderson completed 28 permanent financings for a combined $281 million, five mortgage refinancings for $57 million, and three major pool acquisition financings for $160 million. Bill Gates Net Worth: $81 B Source of wealth: Microsoft 2. As a teenager, Benderson figured out that he could make more buying and selling bottles from breweries than recycling glass. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). "We've never made a bad deal," Nathan Benderson likes to joke. Barnett Bank Building: started 2004; $26 million; City of Jacksonville, private limited partner equity investor, federal historic tax credit investor and first mortgage lender Wachovia National Bank or SunTrust National Bank. benderson family net worth. Smart and single-minded, hes often right, but he can be his own worst enemy, hurling overheated accusations of corruption and greed that can turn people off and get in the way of achieving his often admirable ends. But his new career was interrupted by World War II. Uncategorized. 1801 Military Trail: started 1999; $12.0 million; Guaranty Federal Bank. A kayaker and naturalist, he developed his love for the environment growing up in what were then the wilds of South County. The bankers balked when Benderson handed over only $10,000 of a $275,000 bid, but he convinced them to let him take over the mortgage. "I was ashamed because you don't go to Nate with just a request, 'Hey, write a check.' Two of the properties are in the Bay area -- Horizon Park in Tampa, with. This way, we can do our own thing and make our own mistakes, and nobody can criticize what we do. People with brains, passion and ambition rise; women lead nonprofit associations but businesses not so much; Sarasotas power structure, like Sarasota itself, remains overwhelmingly white; and the old order ages out while new faces take their place. Ersa Grae has banking relationships with various financial institutions providing construction lending. Sarasota Magazine He collected glass shards for his father to recycle. At one point, he owned more than 20 million square feet of commercial space nationwide, and paid more property taxes than any other property owner in Erie County. He attended both Bennett and Lafayette high schools but never graduated. A major Republican donor and Rick Scott appointee, Beruff did away with faculty tenure at State College of Florida and reduced payroll and environmental oversight at SWFMD. Benderson made regular trips to Louisiana to slake the troops' thirst for liquor. Mr. Benderson set up a trust with the funds to go to charities upon his death, said Jordan Levy, chairman of the Erie Canal Harbor Development Corp., and a lifelong friend of the Benderson family. Development team general contractor, Kraft Construction Co., has demonstrated 35 years of experience in organizing and completing complicated urban mid-size projects such as The Palm. Hes reduced crime levels, kept budgets flat and adapted progressive strategies like intelligent policing intended to prevent rather than react to crime. "Another very important measure of the financial capacity and overall strength of the development team to perform is the local experience and financial capacity of the general contractor with annual revenues in excess of $250 million. To this day, Randy Benderson continues to honor and support the charitieshis great father had cared about, taking them up as his own. He took leave, came home and sold everything. "The scope and depth of his generosity are on a scale that is unmatched in Western New York.". The party establishment pooh-poohed when he became co-chair of Trumps Florida presidential campaign, but so far, Gruters is riding high. Lakewood Ranch celebrated its 20th anniversary last fall. At restaurants he would not allow them to order Coca-Cola. Benderson Development, LLC "Nate was, without question, one of the most generous, creative and engaged donors I've ever had the privilege of working with in over 30 years of philanthropy," said Peter Fleischmann, director of the Foundation for Jewish Philanthropies. You have permission to edit this article. Which One is Best? Randy Benderson, Real Estate Leader with Track Record of Success If theres one thing Randy Bendersoninherited from his late father, real estate powerhouse Nathan Benderson, it would be his passion and impressive work ethic. His son was not afraid of anything. Exclusive discounts on ALM and GlobeSt events. : Project contains 839 lots in two traditional neighborhood development neighborhoods on 400 acres. 87% of employees would recommend working at Benderson Development to a friend and 87% have a positive outlook for the business. When he was 12, his mother sold all the stock she had inherited from her parents, but his father convinced her to buy it back. Meet the 25 Most Influential Men and Women in Sarasota Today We offer industry leading companies state-of-the-art design, flexible layouts, well-maintained campuses and highly visible locations to heighten success and create thriving workplace communities. To parishioners at St. Jude Catholic Church, founding pastor Gutierrez is known simply as El Padre. Born in Spain himself, and having served for years in Guatemala, Gutierrez has been the center of the Hispanic community here, serving a flock of thousands, founding the annual Hispanic Festival, building a new rectory for the churchs priests, helping immigrant families apply for amnesty, and preaching in the fields to farmworkers lacking transportation. what challenges do advertisers face with product placement? With a national portfolio of over 120 grocery-anchored centers, Benderson has focused on developing, owning and self-managing retail environments designed to enhance the surrounding community. But he was back at work the next day, looking for another real estate development. However, it's rare for influencers to rely on a single source of revenue. His construction company was found at fault. Hes passionate and eloquent about civic issues, but not always ultra-serious; he and his wife Dru watch a movie almost every night and are fantastic Cajun dancers. Benderson Development Co. is best known along the Gulf Coast for ground-up developments and distressed property upgrades, but since late 2019 the University Park company also has grown its nationwide portfolio through a series of transactions exceeding $1.5 billion. As head of the business advocacy group The Argus Foundation, shes likely to increase its visibility and power when she leaves the commission because of term limits this year. The family lost its home. benderson family net worth benderson family net worth Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business. From our fitness center to our beloved Camp Centerland, from our outdoor pool complex with beach volleyball and pickleball courts to . Home. The 28 Richest Billionaire Families in America, Ranked - Business Insider The towns most controversial public figure. A CPA by profession, he sits on the high-profile FSU boardhe was an early backer of Gov. "Rather than use Arcadia as an investment vehicle, the principals choose to create a project - specific partnerships - initially capitalized with their own funds, but typically garnering significant capital from development or investment partners. His major local projects included Delaware Consumer Square, Boulevard Consumer Square, Thruway Mall, Union Consumer Square and the Niagara Falls outlets. He developed office buildings for major corporations around the Northeast and brought retail outlet malls to Niagara Falls and a half-dozen other cities across the country. Shes retiring in February, but until then, the calm, steady superintendent of Sarasota County schools oversees a $419 million budget and the countys largest workforce, with every stroke of her pen affecting 5,000 employees and 42,000 kids and their families. "It all has to go to charity," Levy said. Theyre very much in demand now, and theyre a bellwether of the overall commercial real estate market in a way, in that they reveal the level of pent-up demand there is among investors for high-quality real estate. He would rather walk a few blocks than feed a parking meter. It is situated on a former nursery site of 44 acres. benderson family net worth. Hates bureaucracy, loves control and wont be intimidated. Brilliant at dialing for dollars (grown men tremble when her name comes up on caller ID), shes now building a war chest as chair of the towns Democratic Party. or joint net worth with the person's spouse, that exceeds $1 million at the time of such person's . Our diversified, multi-disciplined team provides accounting, audit, domestic and international tax services as well as insolvency and litigation services to clients across many industries. August 31, 2016 The letter was signed by Ron Weisser and C. Dean Patrinely. Developers Diversified is paying Benderson $2.3 billion. 50.011. Once, he was sued after the wall of one of his buildings collapsed into another, killing an office worker. At age 90, there are still days when he is up at dawn and working late into the night. What started as a venture to turn a brewery place into a parking lot grew into a portfolio with over 35 million square feet in 38 states. Potential developers: Southcoast Partners Inc., Boca Raton, and LB Jax Development LLC, Jacksonville. In later life, Mr. Benderson took special pride and enjoyment in working with his sons and grandchildren. Copyright 2023 Benderson Development, LLC. During the war, Benderson was sent to Mississippi, a "dry" state. What does this mean for CRE professionals? 1255 N. Gulfstream Avenue, Suite 101, Sarasota, FL 34236Phone: (941) 487-1100, By A recreational rock climber who clearly relishes uphill battles. To this day, Ronny meets his father at restaurants carrying a bottle of Coke and a bottle of Perrier, "and sits there smiling, just to aggravate me," Benderson says. Jordan Levy, now a venture capitalist, recalls that Benderson was a favorite in their middle-class neighborhood. Randy Benderson is the youngest of three boys. He gives so intelligently because he has to find out everything about the agency or the organization to which he gives.". He sold Christmas tinsel in his grandfather's cigar store, fireworks for the Fourth of July and flowers from his mother's garden, according to old newspaper stories and Dick Hirsch's biography "The Bubble Didn't Burst: The Story of Nathan Benderson.". Still, he was barely making it financially. Because no one in Buffalo knew where he got his money, there were rumors that Benderson had mob ties. Finally, Randy Benderson is also keenly interested in supporting causes that rescue animals. Bruce Benderson Net Worth, Bio, Age, Height, Wiki [Updated 2022 October ] An LSU alum who keeps a Tigers football helmet in his office, hes continuing to expand the hugely popular hospitals facilities and influence. At that point, Arcadia will reassess the overall capital needs of the project - principally to obtain entitlements and fund pre-marketing - and tap investors who have partnered previous projects of this scale. Randy Benderson Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. The full extent is only now becoming known. Copyright 2023 Observer Media Group Inc., All Rights Reserved, The Point Man of Five Points (Sara/Mana edition), as required for Public Notices per F.S. He lost $1 million lending money to a company working on a highway project. Benderson helped create one of the first outlet malls and was one of the first developers to venture into suburbia. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. He never leaves the house before he exercises. News Staff Reporters Gene Warner and Jay Rey contributed to this report. Today he drives Fords -- although in Sarasota he sometimes pulls out a Rolls-Royce that his children bought him for his 80th birthday, a gift he tried to return. Most of all, theyre people whose influence is local; some prominent names arent on our list, because they work mainly at a state or national level. Day by day the total earnings of Ronald Benderson are increasing and by the side he is getting popular. "He knows every tenant, every lease, the terms, the rents and he knows the vacancy rates at each of his shopping centers. His rise to the status of one of the worlds wealthiest people is a direct result of this success. Sarasotas young (39), amiable GOP chair and VP of the Republican Party of Florida has earned a reputation for fiercely conservative views, risk-taking and ambition. His involvement in projects "adds credibility and confidence," said former Buffalo Mayor Anthony Masiello. He sold fireworks for Fourth of July. Nathan Benderson died April 7, 2012, at the age of 94. After that loss, Randy Benderson remembered seeing his father cry for the first time. Copyright 2023 ALM Global, LLC. Susan Burns, Tony D'Souza, Pam Daniel, Ilene Denton, Kay Kipling, and Cooper Levey-Baker Additionally, Benderson, through its affiliated companies, owns and operates 23 hotels as franchisees of various hotel companies, including Marriott and Hilton Hotels. An attorney who specializes in condo association law, Lobeck, 65, has fought the forces of development for decades, arguing that citizens want and deserve environmental protections and safeguards against rampant growth. About Us | Bederson LLP As the leader of one of the biggest privately held companies focusing on real estate development in the United States, Benderson manages 300 employees and commercial space spanning more than 40 million square feet. Forbes 400: Full List Of America's Richest People "We just feel we want to be our own people," Benderson said. Survivors include his wife, the former Dora Broder; three sons, Ronald, Robert and Randy; and a longtime companion, Anne M. Virag. Benderson didnt purchase the stores alone, however. Additionally, the leases contain 5% rent increases every five years, so that by 2046 Fred Meyer will pay Benderson roughly $32 million annually, says Jose Carrazana, a broker who helped negotiate the sale leaseback, in a statement. There are Four Different NOIs in a CRE Deal. . When he was 21, he started Niagara Dry Beverage Co., a soft drink business on Buffalo's East Side that made "Old Favorite" root beer. They run political campaigns, educational institutions and local government. Already have an account? Benderson Family Skilled Nursing and Rehabilitation - US News Health Hes made Sarasota a must-stop for celebrity politicians like Donald Trump (twice honoring him as Statesman of the Year), Ben Carson and Rand Paul, bringing in new Republican voters. Power seems more diffuse today. He also remembers learning early on to turn off the lights and to always count his change. . Arcadia partnered with the owner, the Pitcairn Trust. The market for these types of transactions is alive and well, especially for grocery-anchored properties in good locations, as these are, he says. W. Kyle Gore, a CGA Capital co-founder and managing director, says in an email that his firm was also involved in the Fred Meyer effort, but he declined further comment.