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Like most developers, some of Benderson's deals went sour. ", Financing ability: "Supported by its substantial net worth, extensive holdings and long-term track record, Benderson enjoys an excellent relationship with 90 present lenders. Three years into the Great Depression, Benderson's father, Isaac, had a broken spirit and was afraid to take a risk after. Financing ability: "Supported by its substantial net worth, extensive holdings and long-term track record, Benderson enjoys an excellent relationship with 90 present lenders. The Jewish Community Center also named a campus after him in Amherst. Benderson has served as Benderson Development's director and president since 1992. Dennis Anderson is an example of someone who started low in life and then . "More people thought we were going to go broke than thought we would become successful," Benderson said. But he was back at work the next day, looking for another real estate development. Pioneer Natural, under terms of its lease with Benderson, for instance, will occupy its 1.12 million-square-foot headquarters through at least 2040. Florida-based Benderson Development bought a 4.5-million-square-foot, 28-property portfolio of absolute net . A good listener, hes passionate, practical and well connected and is a driver of the commission agenda. The family lost its home. 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. "The ownership and financial structure of the proposed Plaza Verdi will most likely be very similar to Five Points Plaza through a special purpose single asset Florida LLC or partnership.". The four finalists for developing a project at Palm and Cocoanut avenues appear to have the experience and the funds to deliver. This way, we can do our own thing and make our own mistakes, and nobody can criticize what we do. 1898: James M. Cox, 28, borrows $26,000 from friends and family to purchase the Dayton Evening News in Ohio. "We had never built a building in our lives," Benderson says. News Staff Reporters Gene Warner and Jay Rey contributed to this report. 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. Most recently, the company announced earlier this month that it had acquired 28 Fred Meyer superstores in Oregon, Washington, Idaho and Alaska. These stores are best-of-the-best, investment-grade tenancy, and Fred Meyer has strong sales, says Patrick Toomey, an executive director with Institutional Property Advisors (IPA), a division of commercial real estate brokerage Marcus & Millichap, who together with Carrazana and several others at the firm negotiated on behalf of Kroger and Fred Meyer. Randy Benderson 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. Dennis Anderson takes home a monthly salary of $32,000, while his net worth is reported to be $5 million US Dollars. A former mega-fund raiser for social conservative Rick Santorum may seem an unlikely cheerleader for young Sarasota innovators, some of whom work, play video games and inhale coffee at his hip HuB office building. Never gets stuck in a position, never raises his voice and remains nonaligned, says one courtroom insider. His father was a major benefactor of the Buffalo Zoo. Benderson was driving around Buffalo scouting new sites for shopping centers and inspecting his developed properties. Dennis Anderson age, height, net worth 2023, wife, girlfriend, kids Address: 144 Osprey Point Dr Osprey, FL, 34229. . Area philanthropic foundations control $1 billion in assets, and the millions they disperse each year affect the entire regions quality of life. Benderson Development expanding through net-lease investments City commissioner and current mayor, Shaw, 68, a retired postal employee whose family history here goes back more than 110 years, may be the most respected leader in Newtown. As president of the company, Randy Benderson is following the footsteps of his father, Nathan, in the commercial real estate industry. But the state has kicked in $300 million. He does not eat in restaurants that do not offer free refills on iced tea and coffee. In the 1960s, Benderson bought a downtown Buffalo office building and decided to convert it into condos. "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.". At JCC Buffalo, Randys father helped develop the Weinberg senior living campus. 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. The Foundation for Jewish Philanthropies is a not-for-profit public charity that aims to provide for the quality and continuity of Jewish life in Western New York. He didn't have any trouble that whole winter," Benderson said. Soon the gas company asked him to build an office. benderson family net worth. The three principals - William Morris, Christopher Brown and Michael Langton - have a combined net worth of about $23.2 million. Benderson Family Skilled Nursing and Rehab Center 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. Randall I Benderson. 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. We partner with first-to-market retailers and quality brands that generate excitement, creating successful regional shopping destinations. ` BENDERSON DEPO - The Sarasota Phoenix News, Inc. | Facebook "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. Day by day the total earnings of Ronald Benderson are increasing and by the side he is getting popular. Uncategorized. 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 acid test for equity funding is simple - if Arcadia believes a project is investment-worthy, there will be no shortage of equity to fund it. 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. The superstores consist of 380 acres across Washington, Oregon, Idaho, and Alaska. 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. Your email address will not be published. Once, he was sued after the wall of one of his buildings collapsed into another, killing an office worker. He bought a condominium on Longboat Key in Florida in 1993, and started developing commercial retail property in the Sarasota area. 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. nathan benderson net worthcritical care paramedic course iowa. Sarasota Magazine. By 16, he quit school and bought an old truck, hauling bottles to as far away as Cleveland. In lieu of this, we invite the agency to review the scale of the most recent projects undertaken and, more importantly, completed by Arcadia. He also was shy and modest about his achievements and wealth, and lived accordingly. Among the causes Randy Benderson focuses on are Jewish-related charities that alleviate poverty. Ruth Kahn Stovroff, 93, remembers asking Benderson for a donation to build a hospice center in Buffalo. The 25 Richest Families In The World- 2021 - Bloomberg.com . benderson family net worth - C & R PUB These senior programs are now up and running at theBenderson Village. Forbes 400: Full List Of America's Richest People 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. The Beeston Fam Net Worth & Earnings (2023) They include a $218 million purchase of the land beneath Pioneer Natural Resources 10-story, roughly $1 billion corporate headquarters in Irving, Texas; a $130 million leaseback acquisition of Thrivent Financials new corporate headquarters in Minneapolis, Minnesota, an eight-story, 264,139-square-foot building; and an equity stake in the land beneath Duke Energy Corp.s new Charlotte Metro Tower in North Carolina, a 40-story skyscraper with 1 million square feet. Below are excerpts of the letter sent to the city in explanation of the developers' withdrawal from the project: "Due to the untimely death this past weekend of Tom Cardinal (partner in Cardinal, Carlson + Partners), a critical member of our development team for our Palm Avenue Galleria proposal we quickly came to the realization that without Tom helping to lead the charge in Sarasota, the very fabric of our project delivery team would be missing the one person whose heart and soul has been poured into this project for years. The plan includes over 40% of open space, with no removal of perimeter trees. And they do it faster and better than anyone else," Masiello said. The full extent is only now becoming known. 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. alvirne high school teacher dies . 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). A global connoisseurask him to show you his travel photography. "We're not interested in being Donald Trump-type business people," Benderson said. He expects the same work ethic from employees. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Fred Meyer is a leader in these markets, and were very pleased to strengthen and enhance our long-term partnershipwith them.. 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. 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. He gives so intelligently because he has to find out everything about the agency or the organization to which he gives.". You have permission to edit this article. The development group's Palm Avenue Galleria proposal called for construction of two 10-story, mixed-use buildings, a five-story commercial office building, a six-level 680-car parking garage and a 400-foot long covered galleria. benderson family net worth - woodenfloorbd.com Who was Nathan Benderson? - Sarasota Herald-Tribune 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. Some have amassed millions of dollars of their own, and others have given millions of dollars of other peoples money away. 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. Loves his family, loves his job, loves the communityand loves to talk about all that, too. 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. 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.". In 2013, his not-in-my-district stance scuttled plans for a come-as-you-are homeless shelter, inflaming critics. Access to this site (the "Site"), is provided by Family Office Marketplace (the "Company"). COURTESY PHOTO Benderson Development acquired the land beneath Thrivent Financial's new headquarters in Minneapolis as part of a net-lease transaction. Knight Building: started 2000; $1.5 million; Wachovia National Bank, Jacksonville DDA and Duval County HFA. 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. By the time his father recovered, Benderson had given his parents the down payment for a new home, bought his own factory and was making "Old Favorite" root beer under his Niagara Dry Beverages label. Their calls get answered, their agendas turn into action and their networks spread far and wide. Benderson said the lessons were intentional: He never wanted his kids to "get spoiled." The Jewish Community Center's suburban campus in Amherst is named for him. A CPA by profession, he sits on the high-profile FSU boardhe was an early backer of Gov. benderson family net worth; Posted by: Comments: 0 Post Date: June 9, 2022 "Some just turned bad.". 1255 N. Gulfstream Avenue, Suite 101, Sarasota, FL 34236, Meet the 25 Most Influential Men and Women in Sarasota Today. Copyright 2023 Observer Media Group Inc., All Rights Reserved, Net lease broker sells 7-Eleven portfolio, Lab pioneers $60 million HQ project nearly complete, Kansas real estate investor buys Rick Johnson auto retail building, Retail developers find ways to beat back e-commerce, Fast-growing pizza chain to open 15 new stores in region, Maxim Commercial Real Estate poised for Charlotte growth, Six bids over $20 million for county administration building, Real estate firm expands portfolio with massive ground lease purchase, Benderson Development buys a 28-store portfolio of grocery stores, Benderson executes $218 million land deal in Dallas, Oak Street adds to regional Walgreens portfolio, Benderson Development makes push west with acquisitions, as required for Public Notices per F.S. Worthing Place Apartments: started 2000; $45 million; SunTrust (pending). The combination will be the fourth largest commercial mortgage REIT, the companies claim. 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. Still, he was barely making it financially. 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. Benderson enjoys relationships with nearly 1,700 tenants, 90 lenders, and six major banks. A longtime Venice resident with kids and grandkids in town, she loves golf and small-town life, including Friday-night high-school football games. He took leave, came home and sold everything. W.A. Benderson Buys 28-Property Portfolio of Fred Meyer Superstores 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's remarkable," said Wayne Wisbaum, an attorney whose family has had a long association with Benderson. "The scope and depth of his generosity are on a scale that is unmatched in Western New York.". Already have an account? FAMILY OFFICE MARKETPLACE TERMS OF USE. At the young age of 16, Randy's father, Nathan Benderson, built Fun N'Games Amusement Park; Randy was tasked to manage all operations and head the seasonal company. The towns most controversial public figure. Being independent has meant that he could pursue projects others thought were too risky. The party establishment pooh-poohed when he became co-chair of Trumps Florida presidential campaign, but so far, Gruters is riding high. Under terms of the absolute net lease deal, Portland-based Fred Meyer and Kroger will cover all operating expenses associated with the stores. Accessiblehell email at all hoursNeal is one of the first calls for pols and business types who need a favor. The Benderson children knew their father was a hard worker and somewhat successful. If you don't have common sense, you don't have anything.". The Fred Meyer store chain is a wholly owned subsidiary of Kroger. Buffalo Bills GM Brandon Beane on salary cap, Gabe Davis expectations, Damar Hamlin update and more, Sabres place Alex Tuch on injured reserve; top-line winger's status is uncertain, Owner of Buffalo CPA firm denies claims of financial, workplace wrongdoing, Buffalo Bills defensive coordinator Leslie Frazier to take year off from coaching, Yellow Corp. to close two trucking terminals, Sabres acquire defenseman Riley Stillman from Vancouver for prospect Josh Bloom, 14 police agencies break up fights outside Boulevard Mall, Democrats explore blue-collar struggles as brand is 'damaged', Erie County comptroller calls for state to investigate Forest Lawn, Global race is on to improve EV range in the cold, Moscow reportedly threatened new parents in Ukraine: Register your newborns as Russian or else, The impact of climate change will be felt worse in these three U.S. cities. A kayaker and naturalist, he developed his love for the environment growing up in what were then the wilds of South County. Most banks are run from elsewhere, and most of their local chiefs, once so active in civic affairs, are faceless and unknown; few religious leaders act beyond their sphere; and, except for the community foundations, arts and social service executives arent assuming communitywide leadership. The 322-home subdivision conserved 213 acres of dwindling farmland and made a significant profit. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, City mourns Buffalo firefighter Jason Arno as investigation into fatal fire launches, Buffalo firefighter makes 'ultimate sacrifice' in blaze that may have sparked backdraft, Paula's Donuts to move Clarence store that faced backlash for tax breaks to Amherst, Vandal damages 'brokenhearted' Russell Salvatore's tribute park in Lancaster, Chad Hall's departure from Buffalo Bills to Jaguars remains a bit of a mystery. Randy Benderson is the youngest of three boys. 50.011. 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.". 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. His involvement in projects "adds credibility and confidence," said former Buffalo Mayor Anthony Masiello. An infomaniac whos wickedly smart (he has a law degree), hes passionate about the ranch and relishes attacking opponents, especially no-growthers, once publicly calling environmental advocate Dan Lobeck a walking pile of manure.. Potential developers: Ersa Grae Corp., Houston; Kraft Construction Co. Inc., Naples; and The ADP Group Inc., Sarasota. His achievement stems from the ascension of diligent labor. A year later, Benderson called Stovroff to set up a $250,000 endowment for Hospice. "As such, there is no audited financial data to share with the Sarasota (Community Redevelopment Agency). Survivors include his wife, the former Dora Broder; three sons, Ronald, Robert and Randy; and a longtime companion, Anne M. Virag. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. what challenges do advertisers face with product placement? The funeral will be held at 11 a.m. Wednesday in Temple Beth Zion, 805 Delaware Ave., Buffalo. Those he advocatesincluding the controversial (and short-lived) hiring of a sports executive as the citys first homelessness directormove forward. No matter how many battles hes lost, he continues to wage the war, undeterred by the groans when he grabs the microphone. The open-air mall, the first of its kind in the region, has landed high-end retailers Neiman Marcus and Nordstrom. Elected judge in 1998, he has earned a reputation for hearing all sides. Benderson blames the talk on anti-Semitism. 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. Copyright 2023 Benderson Development, LLC. 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. Save my name, email, and website in this browser for the next time I comment. If you are experiencing difficulties logging in or are a subscriber getting a paywall, please try one or more of the following steps. 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. Seaside: More than 80 acres containing approximately 500 homes, 100,000 square feet of retail/commercial and a variety of civic buildings. He never leaves the house before he exercises. 1957: Jim Cox Jr. takes over the company after his father's death. 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 co-owner of Michaels On East Restaurant and Michaels Wine Cellar, 61, paid his dues at his familys now shuttered Colony Resort on Longboat Key.