The towns most controversial public figure. If theres one thing Randy Bendersoninherited from his late father, real estate powerhouse Nathan Benderson, it would be his passion and impressive work ethic. 1. His company is in the midst of two right now: a waterfront project in Buffalo and the University Town Center Mall on the Sarasota-Manatee county line. Benderson officials could not be reached for comment regarding their recent investments. (When the city commission tried to impose annual inspections on that project, he stormed out and won approval on his own terms.) His father was a major benefactor of the Buffalo Zoo. From our fitness center to our beloved Camp Centerland, from our outdoor pool complex with beach volleyball and pickleball courts to . A driving force in creating the Florida Winefest and Forks & Corks events, hes now volunteer chairman of Bayfront 20:20, seeking to create a long-term master plan for 42 acres of prime Sarasota bayfront. Benderson blames the talk on anti-Semitism. Nathan Benderson, a high school dropout who turned painful Depression-era family memories into a highly successful business career that made him the founder of Buffalo's most prominent. When the project failed, he lost $1 million. Potential developers: Ersa Grae Corp., Houston; Kraft Construction Co. Inc., Naples; and The ADP Group Inc., Sarasota. The estimated $500 million deal also will add 4.5 million square feet to Bendersons portfolio. 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. Still, he was barely making it financially. A creative problem solver, he has been a key player in diversity conversations at the Sarasota Bar, in Newtown and at New College of Florida. 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. Additionally, Benderson, through its affiliated companies, owns and operates 23 hotels as franchisees of various hotel companies, including Marriott and Hilton Hotels. The reserved (but quick-to-laugh) accountant, 49, whos now CEO of Sarasota Memorial Health Care System isnt as publicly visible as his charismatic predecessor, Gwen MacKenzie, but with 4,000 employees, he oversees one of the regions biggest workforces. If Benderson Family Skilled Nursing and Rehab Center isn't quite what you're looking for, take a look at a few other nearby facilities that might be a better match. If you don't have common sense, you don't have anything.". Sarasota Magazine. Elected judge in 1998, he has earned a reputation for hearing all sides. The reasons for their strong interest are that they believe in us as experienced urban-oriented developers of complicated public-private developments. Nationally, shes been named PP CEO of the Year, and shes won broad local support, including from high-profile Republican stalwarts, as she has aggressively expanded facilities and services. A recreational rock climber who clearly relishes uphill battles. Get up-to-the-minute news sent straight to your device. 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. Early on, he struggled to get loans from Buffalo banks. Many fellow soldiers wanted something harder than base-served beer. His father's career was going in the other direction. Area philanthropic foundations control $1 billion in assets, and the millions they disperse each year affect the entire regions quality of life. He swims daily. Bill Gates Net Worth: $81 B Source of wealth: Microsoft 2. Benderson has accumulated an extensive net lease portfolio centered around ground leases, retail, office, industrial and hospitality properties. Voracious reader, political junkie and insomniac, Sarasota County Commissioner Paul Caragiulo, 42, a Republican, will match wits and knowledge with almost anyone when it comes to city and county issues. Today, of course, Benderson is part of Buffalo's establishment. The self-contained civil rights and open records wizard, 54, used two six-year stints in prison to teach himself the lawalthough his convictions preclude him from being a lawyer. "He's remarkable," said Wayne Wisbaum, an attorney whose family has had a long association with Benderson. His achievement stems from the ascension of diligent labor. The full extent is only now becoming known. Mr. Benderson, who suffered a stroke Tuesday, was 94. benderson family net worth. When Benderson was 12, his mother came home one day to say she had sold the stock she had inherited from her parents. The Foundation for Jewish Philanthropies gave him a lifetime achievement award in 2004, and the Jewish Federation of Greater Buffalo created the Nathan Benderson Leadership Award. Benderson made regular trips to Louisiana to slake the troops' thirst for liquor. 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. Already have an account? At age 90, there are still days when he is up at dawn and working late into the night. ", Financing ability: "Supported by its substantial net worth, extensive holdings and long-term track record, Benderson enjoys an excellent relationship with 90 present lenders. Find company research, competitor information, contact details & financial data for Delta-Sonic Carwash Systems, Inc. of Buffalo, NY. How many people besides Schroeder-Manatee Ranch chief Rex Jensen thought it possible? The business meant more money to send home for his wife, Dora, and their first son, Ronny. As such, animal adoptions as an advocacy resonate strongly in Randy Benderson. Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. Its most ambitious undertaking to date is the redevelopment of a major portion of downtown Albuquerque, N.M., in collaboration with the city of Albuquerque and a well-known philanthropic foundation.". 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. Keep reading with unlimited digital access. Farmview, Pa.: The Greenfield conservation development is a 418-acre site in historic Bucks County. Fred Meyer operates 132 stores in total, which average 165,000 square feet larger than most Costco Wholesale Club outlets or SuperTarget stores. A global connoisseurask him to show you his travel photography. "Each of Ersa Grae's projects are normally held in a single asset subsidiary, jointly owned with various investors. "He had his whole future in front of him, an exemplary firefighter and employee, just a great all-around person. January 11, 2018 no comments, Robert Mims Memphis Reveals Top Beginner Golfer Tips. 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. 87% of employees would recommend working at Benderson Development to a friend and 87% have a positive outlook for the business. "However, intense efforts to arrange their personal financial commitments or to locate financial partners will not proceed until the proposal winner is selected. However, it's rare for influencers to rely on a single source of revenue. 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. Your article was successfully shared with the contacts you provided. 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. Accessiblehell email at all hoursNeal is one of the first calls for pols and business types who need a favor. His company later sold nearly 40 percent of its Northeast properties to a Cleveland company for $2.3 billion, including retail plazas in Buffalo -- only to buy many of them back a few years later for a profit. 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. Real-estate magnate Nathan Benderson dies. They build empires, in fields from shopping center development to restaurants. The market for these types of transactions is alive and well, especially for grocery-anchored properties in good locations, as these are, he says. Unlike cities with a strong mayor, Sarasota runs on a council-manager format, giving true power to the CEO-like city manager, especially when theres a weak commission (that would be now). Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. Benderson said it used to make him sick to think that someone was going to buy the land before he could. *May exclude premium content The Lifetime Achievement Award is the highest honor the charity can bestow and Randy Benderson is committed to keeping his fathers legacy alive by seeking ways to help and provide significant contributions to the Jewish community in Buffalo. Nevertheless, Mr. Benderson was always an entrepreneur, unafraid of risks. Save my name, email, and website in this browser for the next time I comment. Uncategorized. He didn't have any trouble that whole winter," Benderson said. 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. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! By age 15, Nathan Benderson was making more money than his father. His involvement in projects "adds credibility and confidence," said former Buffalo Mayor Anthony Masiello. The three principals - William Morris, Christopher Brown and Michael Langton - have a combined net worth of about $23.2 million. Leave a Comment / Net Worth / December 24, 2022 December 24, 2022 Ron Benderson is one of the most popular faces on the globe. Benderson Development has an overall rating of 4.6 out of 5, based on over 36 reviews left anonymously by employees. Hes reduced crime levels, kept budgets flat and adapted progressive strategies like intelligent policing intended to prevent rather than react to crime. West University Avenue Lofts: started 2003; $3 million; SunTrust National Bank and private limited partner equity investor. Merrill Lynch Building: started 1998; $7 million; Bankers Trust. Over nearly eight decades -- beginning when he was a teenager in the midst of the Great Depression -- Mr. Benderson started several companies from scratch and transformed the real-estate landscape in Western New York, constructing many retail plazas and office buildings that still exist today. As president of the company, Randy Benderson is following the footsteps of his father, Nathan, in the commercial real estate industry. A one-term city commissioner, he was elected a pro-business county commissioner in 2014. No matter how many battles hes lost, he continues to wage the war, undeterred by the groans when he grabs the microphone. You have permission to edit this article. The plan includes over 40% of open space, with no removal of perimeter trees. But in the past, even if the players changed, they tended to come from the same placesfor example, banks, churches, nonprofit institutionsand they tended to work closely together. Shes served on the school board and in both houses of the state legislature, where she often advocated for children, and just won a seatrunning unopposedon the county commission. Randy would later team up with his father, helping lead one of the countrys national commercial real estate firms. A decade later, he moved his company's headquarters to Florida, but maintained regional headquarters and major assets in Buffalo. After another failed try, she helped revive the Westcoast Black Theatre Troupe, righting the books, recruiting donors and gamely grooving to Motown tunes at fund raisers. A devoted grandmother who sings in her church choir, shes also a brainy multitasker beloved for her kind heart. He expects the same work ethic from employees. One of them, Shaun Benderson, is an executive in the Florida operations. Buffalo Lodging Associates owns and operates over 50 award-winning hotels. He also was the lead donor of the Weinberg Campus at each stage of its development; the Total Aging In Place programs now are located in the Benderson Village. At restaurants he would not allow them to order Coca-Cola. 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. 1255 N. Gulfstream Avenue, Suite 101, Sarasota, FL 34236Phone: (941) 487-1100, By Knight Building: started 2000; $1.5 million; Wachovia National Bank, Jacksonville DDA and Duval County HFA. Dont hug her or shake her hand, thoughshe fends off germs by hands-free greetings. About Bederson LLP Established in 1937, we serve clients in New Jersey, New York, Delaware, Pennsylvania and beyond. An LSU alum who keeps a Tigers football helmet in his office, hes continuing to expand the hugely popular hospitals facilities and influence. They preach the gospel of arts and creativity, champion tech entrepreneurs and immigrants, fight to preserve the environment and womens reproductive rights and sue for civil rights and open government. Some of the statements are not as detailed as others, but they are interesting nonetheless. "Some just turned bad.". 1957: Jim Cox Jr. takes over the company after his father's death. "Robert Davis' longstanding role in founding and developing Seaside speaks for itself in terms of commitment to excellence and Arcadia's capabilities. 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. Though he likely would make the Forbes 400 list of the world's richest people, he lives in a relatively modest house in Manatee County's University Park and likes to bike to work. All Rights Reserved. Benderson didnt purchase the stores alone, however. "The Bendersons don't fool around. This will be the case in terms of the Palm Avenue redevelopment. When they decide to do something, they do it. Palmetto Place, Bridgeside Place and the Highland Beach Club are all excellent real examples of our ability to achieve highly competitive construction financing commitments with prominent lenders such as Bank of America, Ohio Savings (AmTrust Bank), or General Electric Capital Corp. "We are in serious discussions with each of the above referenced lenders with our proposed Thirteen Fifty Main mixed-use project one block to the south of the Palm site. Year: Net Worth: 2019: $13 Million : 2020: $13.5 Million: 2021: 14 Million: 2022: 14.5 . The tough-as-nails founder of Medallion Home, 58, has the money to play elite-level politics. Each of these lenders as well as other local lenders like Sarasota/Colonial Bank, AmSouth and United Bank have expressed significant interest in financing The Palm with us. 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. W.A. Every evening, Benderson gathered Randy and his friends for an ice cream trip. Over the next two decades, Mr. Benderson developed office buildings for corporate tenants such as MetLife, John Hancock, Pitney Bowes and IBM all over the Northeast. Present holdings consist of approximately 800 properties in 35 states with over 40,000,000 square feet of gross leaseable area within its retail division. A wide range of company responsibilities fall . what challenges do advertisers face with product placement? 50.011. Our neighborhood centers feature market-leading grocers complemented by a thoughtful mix of specialty stores and services, providing a vibrant and convenient shopping experience for customers. Mission, capabilities and experience: Arcadia Land Co. specializes in managing and investing in New Urbanist projects. COURTESY PHOTO Benderson Development acquired the land beneath Thrivent Financial's new headquarters in Minneapolis as part of a net-lease transaction. a natural person who has individual net worth, or joint net worth with the person's spouse, that exceeds $1 . Home. Mike Harrington: His team looks good, even without Alex Tuch. The four development groups submitted financial statements to show city reviewers they are capable of large-scale development, and the statements clearly show that they have considerable backing. Randy Benderson was greatly influenced by his father to help charities that support the elderly as well. He also remembers learning early on to turn off the lights and to always count his change. "We just feel we want to be our own people," Benderson said. "What people don't know is 90 percent of his life the last 25 years was all about charity," Levy said, "but he wasn't the kind of guy to get up and have a press conference to talk about it.". In the case of Fred Meyer, parent Kroger Co. will commit to new 25-year leases with Benderson, the base rent for which is $25 million annually for the 28 locations. Is Michael Barfield a Crusader or a Con Man. Tough but fair, she has a sharp sense of humor and can take it as well as dish it out. Tampa's Lindell Investments Inc. and the PatrinelyGroup LLC, a subsidiary of Crimson Capital Ltd., abandoned plans to compete for the downtown Sarasota project. For 23 years, the dynamic head of Planned Parenthood of Southwest and Central Florida, 64, has lived, breathed and fought for her cause, braving ever-rising political pressure and even death threats to bring affordable, essential health care to the region. Because no one in Buffalo knew where he got his money, there were rumors that Benderson had mob ties. He does not eat in restaurants that do not offer free refills on iced tea and coffee. His oldest son, Ronny, who now runs Delta Sonic, a chain of car washes that offers rust-proofing, oil changes and gourmet meals, remembers the bottle business. Randy Benderson, Nate Benderson and the brothers know the strict rules of the tax laws in setting up a family limited partnership, and they flagrantly ignore them. Your email address will not be published. . 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. Benderson Family Heart Center Programs & Services Contact Us Contact the Benderson Family Heart Center 617-355-4278 Email heart@childrens.harvard.edu Request an Appointment Request a Second Opinion Center Menu Overview Conditions & Treatments Meet Our Team Request a Second Opinion Programs & Services Your Visit Education & Training Contact Us 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. Quick to see and seize opportunities to expand the college, hes transformed the campusa new library, fine arts center, soundstage and the conversion of the old Sarasota High into a museumand created department majors that have grabbed national attention. But after making millions developing software for auto dealers, the ber-confident Biter, now 40, moved his young family to Sarasota and started acquiring downtown properties including, with partners, Main Plazaand raising the local cool factor. By age 15, Nathan Benderson was making more money than his father. To glimpse him enjoying his jet-set lifestyle, google Bravos Below Deck Mediterranean reality show. Florida-based Benderson Development bought a 4.5-million-square-foot, 28-property portfolio of absolute net-leased Fred Meyer superstores in a sale-leaseback transaction. The audit will confirm Benderson's net worth in an amount in excess of $100 million. No one ever had anything nega, A 37-year-old Buffalo firefighter died while fighting a four-alarm blaze on Main Street downtown that may have been sparked by work being done, A vandal smashed numerous statues overnight at a park honoring veterans and first responders in front ofRussell's Steaks, Chops & More, 6, While Amherst police were on the scene, a number of fights started among groups within the crowd in the mall lot on Alberta and in the Wegmans, "The questions, concerns and issues raised in The Buffalo News' reporting concerning Forest Lawn depict a nonprofit that has serious problems . Exclusive discounts on ALM and GlobeSt events. 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. "They were so happy to think that I could afford to be in Florida. "He knows every tenant, every lease, the terms, the rents and he knows the vacancy rates at each of his shopping centers. The Pacific Northwest has always been one of our top areas of interest to grow our national footprint, says Benderson President Randy Benderson, in a statement. A kayaker and naturalist, he developed his love for the environment growing up in what were then the wilds of South County. 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. To keep his plant going, Benderson slept in his car outside the plant in the spring and summer. This onetime CEO of Clevelands Rock and Roll Hall of Fame has rocked Sarasotas arts world since becoming president of the Ringling College of Art and Design in 1999. Arcadia's expertise is not limited to Greenfield projects. "I think in two years or so, they had all their money as I promised," said Benderson, "and we owned the property.". "He asked the most probing questions, some of which we couldn't answer," Stovroff said. Institutional Property Advisors, a division of Marcus & Millichap, was the exclusive advisor to Cincinnati-based The Kroger Co. and Portland-based Fred Meyer Stores in the sale of the superstores, which consist of 380 acres across Washington, Oregon, Idaho, and Alaska. He would rather walk a few blocks than feed a parking meter. He sold fireworks for Fourth of July. Dennis Anderson is an example of someone who started low in life and then . (Though hes gone on record as objecting to how the vulgar Trump is leading our party off a cliff.) The ultimate operator, he knows Floridas power players, sits on influential boards and pulls levers on land use policy. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. The net asset value of current projects is about $175 million. This Q4 retail quarterly index report reveals how economic headwinds impacted key retail CRE categories during the critical holiday shopping season, and what their performance tells us about consumer behavior and brick-and-mortar retail in the year ahead. "We used to pay good interest.". His father convinced her to buy back everything. He expects those he deals with to have done their homework. Sign up for our newsletter to keep reading. Leave a Comment / Net Worth / December 15, 2022 December 15, 2022 Nathan Benderson is a well-recognized public figure with a global reputation. 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. 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. 0.17 miles away. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Benderson Development is an individual who has become a celebrity by his charismatic works. His son was not afraid of anything. Sarasota Magazine The tough-as-nails founder of Medallion Home, now shuttered Colony Resort on Longboat Key. In addition, Kraft Construction has been the general contractor for the city of Sarasota, Sarasota School District and Sarasota County.". $5.39 million a year may be a low estimate though. Published in the September 2016 issue of 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. 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. Benderson Family Building in Amherst, located on a beautiful 40 acre campus running along Ellicott Creek, is a family-oriented, vibrant town square of life where you can feel a sense of community and belonging. 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. Copyright 2023 ALM Global, LLC. Skeptics have said the waterfront development in Buffalo, an old steel town, is foolhardy. "Regretfully, under these sad circumstances, we are no longer in a position to execute the project in a way that would optimize the outcome for the city of Sarasota and create the kind of project that Tom originally envisioned.". We partner with first-to-market retailers and quality brands that generate excitement, creating successful regional shopping destinations. rent to own homes near bay st louis, ms . At age 18, he provided the down payment allowing his parents to once again own a home. The rumors kept him out of the Montefiore Club, an exclusive Jewish club, after he refused to sign an affidavit saying his money was not mob-related. A longtime Venice resident with kids and grandkids in town, she loves golf and small-town life, including Friday-night high-school football games. 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. Arcadia partnered with the owner, the Pitcairn Trust. Her husband had grown up with him and their fathers were friends, but Stovroff was not prepared for Benderson the businessman. If there was eight or nine, I maybe took two or three.". As due diligence continues to proceed, we anticipate that this will continue to be the case. Ronald E Benderson. This way, we can do our own thing and make our own mistakes, and nobody can criticize what we do. Jensen, 61, made the vision a reality, and his influence keeps growing with the ranch. Bruce Benderson estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below.Let's check, How Rich is Bruce Benderson in 2019-2020? His rise to the status of one of the worlds wealthiest people is a direct result of this success. But dont be misled by her mild manner; White, 61, has managed to restore trust and stability to the school system after some fractious predecessors, and she can control the unruliest of meetings. 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. Being independent has meant that he could pursue projects others thought were too risky. A Democratic state senator in the 80s, Nealnow a Republicanis an important Republican donor. Three years into the Great Depression, Benderson's father, Isaac, had a broken spirit and was afraid to take a risk after. But his new career was interrupted by World War II. 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. Bass Pro Shop has signed on to put a mega-store at the center. The projects highlighted below are for the most part completed projects with actual construction commitments financing that have been achieved and successfully paid off by the principals of Sarasota Main Street. 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.