He didn't have any trouble that whole winter," Benderson said. 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. Seaside: More than 80 acres containing approximately 500 homes, 100,000 square feet of retail/commercial and a variety of civic buildings. A global connoisseurask him to show you his travel photography. Uncategorized. 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. 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. Benderson said the lessons were intentional: He never wanted his kids to "get spoiled." In buying the portfolio, Benderson outbid roughly 20 other qualified buyers. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). "He's remarkable," said Wayne Wisbaum, an attorney whose family has had a long association with Benderson. He took leave, came home and sold everything. If you don't have common sense, you don't have anything.". By 1958, his company's property assets totaled $14.5 million. No matter how many battles hes lost, he continues to wage the war, undeterred by the groans when he grabs the microphone. "If there were only four or five, I'd take one or two. Hard work to Benderson has always meant long hours. A Buffalo native, Mr. Benderson was known as "Sonny" when he was young. A decade later, he moved his company's headquarters to Florida, but maintained regional headquarters and major assets in Buffalo. Buffalo Lodging Associates owns and operates over 50 award-winning hotels. 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. "I was ashamed because you don't go to Nate with just a request, 'Hey, write a check.' Dennis Anderson With Family. Benderson has accumulated an extensive net lease portfolio centered around ground leases, retail, office, industrial and hospitality properties. 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. Some have amassed millions of dollars of their own, and others have given millions of dollars of other peoples money away. He understands whats unique about Sarasota and wants to protect that, including opposing guns on the beach. benderson family net worth. For years Benderson drove beat-up cars. 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. 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. Real-estate magnate Nathan Benderson dies. Mr. Benderson, who suffered a stroke Tuesday, was 94. His achievement stems from the ascension of diligent labor. 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. The reasons for their strong interest are that they believe in us as experienced urban-oriented developers of complicated public-private developments. It was the brewery that made Benderson a real estate developer. He and his wife Lori have homes and friends both here and in Buffalo (the companys birthplace) but the doting dad and granddads real passion is for familyand work. Early on, he struggled to get loans from Buffalo banks. 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. The four finalists for developing a project at Palm and Cocoanut avenues appear to have the experience and the funds to deliver. pulte homes complaints; raffel systems touchscreen and controller, dfs lrc hm lcd; tax products pr4 sbtpg llc means; history of san jose del cabo; pangbourne college term dates 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. As due diligence continues to proceed, we anticipate that this will continue to be the case. Benderson said it used to make him sick to think that someone was going to buy the land before he could. His father was a major benefactor of the Buffalo Zoo. georgia forensic audit pulitzer; pelonis box fan manual He took a trip to Florida, telling a friend who stayed at the plant it was OK to tell creditors exactly where he was. 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. Barwin, 62, a tall, long-faced career bureaucrat, is agreeable and smart (some say crafty). Practical, principled and authentic, Detert, 71, is the kind of politician who isnt supposed to exist anymore, a moderate Republican who gets good things done and is supported on all sides of the aisle. So what does Sabres GM Kevyn Adams do this week? Published in the September 2016 issue of Mission, capabilities and experience: Arcadia Land Co. specializes in managing and investing in New Urbanist projects. At the young age of 16, Randys father, Nathan Benderson, built Fun NGames Amusement Park; Randy was tasked to manage all operations and head the seasonal company. He never leaves the house before he exercises. As a city of newcomers, Sarasota has always been a place where power is fluid rather than fixed into a long-established hierarchy. 1255 N. Gulfstream Avenue, Suite 101, Sarasota, FL 34236, Meet the 25 Most Influential Men and Women in Sarasota Today. Highland Beach Club, Highland Beach: started 2003; $27 million; General Electric Capital and Bank of America. FAMILY OFFICE MARKETPLACE TERMS OF USE. 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.". a natural person who has individual net worth, or joint net worth with the person's spouse, that exceeds $1 . He still picks up pennies and searches chairs and cushions for loose change. Those who do not like the hours or expectations leave, but many have stuck with Benderson for decades, some in multiple generations. August 31, 2016 After Lindell Investments Inc. and the PatrinelyGroup LLC withdrew their proposal to develop the city-owned property at Palm and Cocoanut avenues in downtown Sarasota, the field has narrowed to four potential developers. 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. Knight Building: started 2000; $1.5 million; Wachovia National Bank, Jacksonville DDA and Duval County HFA. The smart, serious attorney, 42, is known for doing her research, getting to the point and advancing a pro-business agenda, much to the ire of conservationists, whove recently watched Sarasota County environmental protections get dismantled in favor of developers. Through our commitment to long-term ownership and continuous reinvestment in our properties, we are able to cater to the business needs of today and tomorrow. The combination will be the fourth largest commercial mortgage REIT, the companies claim. 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. Founded over 70 years ago, Benderson Development has grown to become one of the. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. The Jewish Community Center's suburban campus in Amherst is named for him. Her husband had grown up with him and their fathers were friends, but Stovroff was not prepared for Benderson the businessman. Met Life was pleased enough that it ordered another dozen buildings during the next few years, trusting Benderson to get them done. He bought a condominium on Longboat Key in Florida in 1993, and started developing commercial retail property in the Sarasota area. It is situated on a former nursery site of 44 acres. In addition, Kraft Construction has been the general contractor for the city of Sarasota, Sarasota School District and Sarasota County.". This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. 50.011. 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. He does not eat in restaurants that do not offer free refills on iced tea and coffee. Your email address will not be published. To this day, Randy Benderson continues to honor and support the charitieshis great father had cared about, taking them up as his own. The 322-home subdivision conserved 213 acres of dwindling farmland and made a significant profit. "The sell out value of Ersa Grae's projects are in excess of $500 million. Quick to get the firstand lastword in, hes got a street-level view of how business intersects with politics as part of the Caragiulo restaurant family, which includes four older brothers and has created Owens Fish Camp, Shore, Veronica and Caragiulos. The tough-as-nails founder of Medallion Home, now shuttered Colony Resort on Longboat Key. And in this case, Benderson performed flawlessly.. $5.39 million a year may be a low estimate though. If theres one thing Randy Bendersoninherited from his late father, real estate powerhouse Nathan Benderson, it would be his passion and impressive work ethic. "On the way home, I'll stop and get you a bottle of Coke for a nickel.". About Bederson LLP Established in 1937, we serve clients in New Jersey, New York, Delaware, Pennsylvania and beyond. Within a year, the factory was losing money and Benderson could not pay his lenders. 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 audit will confirm Benderson's net worth in an amount in excess of $100 million. His major local projects included Delaware Consumer Square, Boulevard Consumer Square, Thruway Mall, Union Consumer Square and the Niagara Falls outlets. 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. 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. 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. Benderson didnt purchase the stores alone, however. "Robert Davis' longstanding role in founding and developing Seaside speaks for itself in terms of commitment to excellence and Arcadia's capabilities. Many fellow soldiers wanted something harder than base-served beer. 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. 1255 N. Gulfstream Avenue, Suite 101, Sarasota, FL 34236Phone: (941) 487-1100, By Hes running for a U.S. Senate seat as a bottom-line businessman who wants to right the wrongs he says Democrats and Obama (whom he called an animal) have inflicted on his country. The letter was signed by Ron Weisser and C. Dean Patrinely. When the weather cooled and demand dropped, the bill collectors arrived. After that loss, Randy Benderson remembered seeing his father cry for the first time. Address: 4745 Spaulding Dr Clarence, NY, 14031. . But the state has kicked in $300 million. 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. He would rather walk a few blocks than feed a parking meter. or joint net worth with the person's spouse, that exceeds $1 million at the time of such person's . Three years into the Great Depression, Benderson's father, Isaac, had a broken spirit and was afraid to take a risk after making a decision that cost his family their home. Kraft's Sarasota office is currently constructing the One Hundred Central (Whole Foods) project, Plaza at Five Points and will build our Thirteen Fifty Main project. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. 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. But his new career was interrupted by World War II. 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. Our bonding capacity for individual projects is $100 million.". 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. benderson family net worth. Net worth: $54.4 billion Source of wealth: Chanel The Wertheimer family fortune dates back to 1920s Paris when Pierre Wertheimer funded designer Coco Chanel, Bloomberg reports. "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. Having worked closely with his father from a young age, Randy Benderson knows intimately how much his father had a. soft spot for animals. Day by day the total earnings of Ronald Benderson are increasing and by the side he is getting popular. A devoted grandmother who sings in her church choir, shes also a brainy multitasker beloved for her kind heart. Benderson has served as Benderson Development's director and president since 1992. His rise to the status of one of the worlds wealthiest people is a direct result of this success. All Rights Reserved. nathan benderson net worthcritical care paramedic course iowa. Lakewood Ranch celebrated its 20th anniversary last fall. The family lost its home. "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.". His father's career was going in the other direction. 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. 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. Benderson helped create one of the first outlet malls and was one of the first developers to venture into suburbia. 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. Some of these charities are JCC Buffalo, or the Jewish Community Center of Greater Buffalo, The Jewish Federation of Greater Buffalo, and the Israel Bonds Organization. Copyright 2023 Benderson Development, LLC. Every evening, Benderson gathered Randy and his friends for an ice cream trip. As a teenager, Benderson figured out that he could make more buying and selling bottles from breweries than recycling glass. Consulate Health Care of Sarasota 4783 Fruitville Road, Sarasota, FL 34232. 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. Hes Switzerland. 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. Benderson Family Skilled Nursing and Rehabilitation Center 1959 N. Honore Ave., Sarasota, FL 34235 Map Key Nearby Nursing Home Nearby Hospital Nearby Nursing Homes The Meadows Center for. "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.". 02. The funeral will be held at 11 a.m. Wednesday in Temple Beth Zion, 805 Delaware Ave., Buffalo. Benderson made regular trips to Louisiana to slake the troops' thirst for liquor. Our collection of modern, flexible warehouse space and industrial parks deliver solutions to activate and support the workforce. 1988: Jim Kennedy . In 1939, soda was a seasonal business. An avid sailor usually dressed in board shorts and boat shoes, he acts tough, but he cares about his tenants, seeing them as people with problems that can afflict us all. 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. "More people thought we were going to go broke than thought we would become successful," Benderson said. 1801 Military Trail: started 1999; $12.0 million; Guaranty Federal Bank. Love them or loathe them, the shopping centers, mall, rowing park and diverging diamond are here to stay, and mores coming, with up to 500 hotel rooms and 1,750 residential units approved. He left the factory in his friend's care, shipping off to Bermuda, where he and others in the Army monitored shipping channels for German U-boats. 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. 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. All that matters in their operation is to avoid and evade taxes. We work closely with our hotel brands, including Hilton Worldwide and Marriott International, to consistently deliver an unmatched guest experience. Pioneer Natural, under terms of its lease with Benderson, for instance, will occupy its 1.12 million-square-foot headquarters through at least 2040. 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. Finally, Randy Benderson is also keenly interested in supporting causes that rescue animals. The sale-leaseback investment brings to 32 the number of Fred Meyer Stores Inc. outlets Benderson now owns. Schooled during the Depression, Mr. Benderson was cautious in his projects and didn't build lavish buildings. Smith Barney Building: started 1997; $1.5 million; Bankers Trust. Get up-to-the-minute news sent straight to your device. "A self-made man of pure and clear values, my father was a man of great warmth and modesty," said his son, Randy, president of Benderson Development Co. "He was a visionary who had the gift of making the complicated understandable.". Power seems more diffuse today. He recently announced plans to build attainable downtown apartments renting from $1,000 to $2,000 a month. Loves his family, loves his job, loves the communityand loves to talk about all that, too. 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. what challenges do advertisers face with product placement? "I think in two years or so, they had all their money as I promised," said Benderson, "and we owned the property.". 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. They run political campaigns, educational institutions and local government. Access to this site (the "Site"), is provided by Family Office Marketplace (the "Company"). Sports a dry sense of humor and a passion for filmmaking, expressed in several documentaries about Newtown. We continue to aggressively add to this segment through individual and portfolio acquisitions. 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 Nevertheless, Mr. Benderson was always an entrepreneur, unafraid of risks. In addition, Ersa Grae has access to a variety of institutional and individual investors, who are recruited either as mezzanine lenders or equity partners to augment and enhance the construction loan. After having a successful stint in the racing industry, he married the love of his life, Carisa Meyers, in the year 2005. . "We used to pay good interest.". Mike Harrington: His team looks good, even without Alex Tuch. ", Benderson poohs-poohs that talk: "Everything is hard work and common sense. 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. He collected glass shards for his father to recycle. In later life, Mr. Benderson took special pride and enjoyment in working with his sons and grandchildren. Arcadia partnered with the owner, the Pitcairn Trust. Essentially the principals and key managers of Arcadia continue to plan and develop high profile projects. Ronald E Benderson. On the higher end, The Beeston Fam could possibly earn close to $9.7 million a year. Address: 144 Osprey Point Dr Osprey, FL, 34229. . Unlike his larger-than-life late father, Nate, Randy Benderson, 61, shuns the spotlight; surprisingly few even recognize the head of Benderson Development, the national powerhouse that as the countys largest private landowner has transformed the area around University Parkway and I-75. Our expansive regional centers combine the right mix of categories and top national brands to offer unique shopping, dining and entertainment in one central location. Other causes and charities the Benderson family, including father-son tandem Nathan and Randy. Like most developers, some of Benderson's deals went sour. "That's just an ego trip as far as I'm concerned.". "A lot of people who have gone public over the years have been sorry that they've done it. The towns most controversial public figure. He also was shy and modest about his achievements and wealth, and lived accordingly. 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. "However, intense efforts to arrange their personal financial commitments or to locate financial partners will not proceed until the proposal winner is selected. 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. "I'd tell them, I'm not paying 75 or 80 cents in a restaurant," he said. 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. Tampa's Lindell Investments Inc. and the PatrinelyGroup LLC, a subsidiary of Crimson Capital Ltd., abandoned plans to compete for the downtown Sarasota project. When she walked into his offices, she was stunned at the extent of his holdings. He swims daily. What does this mean for CRE professionals? 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. Palmetto Place Condominiums, Boca Raton; started 2000; $53.5 million; Ohio Savings (AmTrust Bank). However, it's rare for influencers to rely on a single source of revenue. A week later, in October 1929, the stock market crashed, and the family ultimately lost its home, leaving his father devastated. Susan Burns, Tony D'Souza, Pam Daniel, Ilene Denton, Kay Kipling, and Cooper Levey-Baker 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. Randy would later team up with his father, helping lead one of the country's national commercial real estate firms. At JCC Buffalo, Randys father helped develop the Weinberg senior living campus. "It all has to go to charity," Levy said. Early Life & Family Benderson Development was born in USA. 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. There are Four Different NOIs in a CRE Deal. Leave a Comment / Net Worth / December 24, 2022 December 24, 2022 Ron Benderson is one of the most popular faces on the globe. FAMILY OFFICE MARKETPLACE TERMS OF USE. 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. 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. 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. Today, of course, Benderson is part of Buffalo's establishment. "Benderson, and affiliated companies, has been in business for over five decades. . 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. At restaurants he would not allow them to order Coca-Cola. Jensen, 61, made the vision a reality, and his influence keeps growing with the ranch. 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.

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