This biography of the founder of the Benderson Development Co. appeared in the Herald-Tribune in 2007. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. We continue to aggressively add to this segment through individual and portfolio acquisitions. At age 18, he provided the down payment allowing his parents to once again own a home. Address: 4745 Spaulding Dr Clarence, NY, 14031. . FAMILY OFFICE MARKETPLACE TERMS OF USE. Randall I Benderson. Greeted with skepticism when announced, the 30,000-acre master-planned community, with 25,000 residents and thousands more homes in the works, has pulled the regions center of gravity east and generated a boom in development around I-75. 1255 N. Gulfstream Avenue, Suite 101, Sarasota, FL 34236Phone: (941) 487-1100, By 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.". There are Four Different NOIs in a CRE Deal. Having worked closely with his father from a young age, Randy Benderson knows intimately how much his father had a. soft spot for animals. "It all has to go to charity," Levy said. They build empires, in fields from shopping center development to restaurants. The net asset value of current projects is about $175 million. Benderson was driving around Buffalo scouting new sites for shopping centers and inspecting his developed properties. 1957: Jim Cox Jr. takes over the company after his father's death. From our fitness center to our beloved Camp Centerland, from our outdoor pool complex with beach volleyball and pickleball courts to . January 11, 2018 no comments, Robert Mims Memphis Reveals Top Beginner Golfer Tips. 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. 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. Business associates all note Benderson's ability to figure a deal in his head. Now in his second term as Sarasota County Sheriff, the former Highway Patrol trooper and Venice High grad, 53, has a congenial, open manner thats helped him win friends and respect at all levels of the community and state. He demolished the brewery's tallest building to rent parking spaces to retailers nearby. As president of the company, Randy Benderson is following the footsteps of his father, Nathan, in the commercial real estate industry. 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. Which One is Best? Potential developers: Southcoast Partners Inc., Boca Raton, and LB Jax Development LLC, Jacksonville. The 322-home subdivision conserved 213 acres of dwindling farmland and made a significant profit. 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. Benderson Development net worth is believed to be more than a couple of million dollars, according to Forbes and business insiders. 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. Benderson said it used to make him sick to think that someone was going to buy the land before he could. Accessiblehell email at all hoursNeal is one of the first calls for pols and business types who need a favor. By 1958, his company's property assets totaled $14.5 million. "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.". He bought a condominium on Longboat Key in Florida in 1993, and started developing commercial retail property in the Sarasota area. To this day, Randy Benderson continues to honor and support the charitieshis great father had cared about, taking them up as his own. Here is the full list of the 400 richest Americans for 2014. Some gripe that Barwin has all the power and none of the accountability, but no one can deny the city he manages is prospering. W.A. Some of the statements are not as detailed as others, but they are interesting nonetheless. The market for these types of transactions is alive and well, especially for grocery-anchored properties in good locations, as these are, he says. "We're not interested in being Donald Trump-type business people," Benderson said. The proposals are ranked by the score awarded by the city's review committee. 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. Mike Harrington: His team looks good, even without Alex Tuch. 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. Net worth: $24.5 billion Source of wealth: Hearst Corporation About 67 family members share the fortune that William Randolph Hearst created when he took over the San Francisco Examiner in the . 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. 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. "They were so happy to think that I could afford to be in Florida. His son was not afraid of anything. 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 . After that loss, Randy Benderson remembered seeing his father cry for the first time. a natural person who has individual net worth, or joint net worth with the person's spouse, that exceeds $1 . 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. "Benderson is typically regarded as the largest privately-held open shopping center developer in the U.S. Being independent has meant that he could pursue projects others thought were too risky. 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. . 2023 Could be Year Apartment Owners Compete for Renters, Beyond Population Shifts: Why Multifamilys Outlook Is Good, Cost of Capital Has CRE Projects Mostly Stalled. 1801 Military Trail: started 1999; $12.0 million; Guaranty Federal Bank. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. Address: 144 Osprey Point Dr Osprey, FL, 34229. . Susan Burns, Tony D'Souza, Pam Daniel, Ilene Denton, Kay Kipling, and Cooper Levey-Baker At age 90, there are still days when he is up at dawn and working late into the night. Executive brings more than two decades of environmental sustainability experience. Bridgeside Place, Fort Lauderdale: started 1998; $53 million; Bank of America. As of December 2003, Benderson has 356 separate mortgages outstanding for $1.68 billion dollars. 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. We partner with first-to-market retailers and quality brands that generate excitement, creating successful regional shopping destinations. 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. 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 At this preliminary time, the Palm Avenue project appears to be financially feasible as a medium-term investment. Coming soon: a trauma center, cancer center, and if Verinder and his board win an appeal, a new hospital in South County, too. Loves his family, loves his job, loves the communityand loves to talk about all that, too. Jordan Levy, now a venture capitalist, recalls that Benderson was a favorite in their middle-class neighborhood. He gives so intelligently because he has to find out everything about the agency or the organization to which he gives.". Keep reading with unlimited digital access. Pioneer Natural, under terms of its lease with Benderson, for instance, will occupy its 1.12 million-square-foot headquarters through at least 2040. 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. A Democratic state senator in the 80s, Nealnow a Republicanis an important Republican donor. 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. Mr. Benderson, who suffered a stroke Tuesday, was 94. A devoted grandmother who sings in her church choir, shes also a brainy multitasker beloved for her kind heart. benderson family net worth. "Financial capacity of development team. 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. Randy would later team up with his father, helping lead one of the country's national commercial real estate firms. While the city's reviewing committee is likely to put a great deal of emphasis on the proposals themselves, the developers behind the projects all share one unifying factor: seven-figure plus revenue. benderson family net worth. It was the brewery that made Benderson a real estate developer. 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.". When they decide to do something, they do it. Sports a dry sense of humor and a passion for filmmaking, expressed in several documentaries about Newtown. 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. Is Michael Barfield a Crusader or a Con Man. This way, we can do our own thing and make our own mistakes, and nobody can criticize what we do. 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. ", Benderson poohs-poohs that talk: "Everything is hard work and common sense. Your article was successfully shared with the contacts you provided. Your email address will not be published. Nates Place is an animal adoption center that rescues and places as many as 1,000 animals a year. "I think in two years or so, they had all their money as I promised," said Benderson, "and we owned the property.". If you are experiencing difficulties logging in or are a subscriber getting a paywall, please try one or more of the following steps. 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. When term limits forced him out, he was snapped up by the Gulf Coast Community Foundation, where as head of community investment hes been a convener and catalyst for tackling problems such as homelessness and affordable housing. Seaside: More than 80 acres containing approximately 500 homes, 100,000 square feet of retail/commercial and a variety of civic buildings. Those who do not like the hours or expectations leave, but many have stuck with Benderson for decades, some in multiple generations. In the 1960s, Benderson bought a downtown Buffalo office building and decided to convert it into condos. To glimpse him enjoying his jet-set lifestyle, google Bravos Below Deck Mediterranean reality show. 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. Ersa Grae has banking relationships with various financial institutions providing construction lending. Among the causes Randy Benderson focuses on are Jewish-related charities that alleviate poverty. By 16, he quit school and bought an old truck, hauling bottles to as far away as Cleveland. Dennis Anderson is an example of someone who started low in life and then . In buying the portfolio, Benderson outbid roughly 20 other qualified buyers. 50.011. 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 real-estate empire, died early Saturday in Sarasota Memorial Hospital. Smith Barney Building: started 1997; $1.5 million; Bankers Trust. Tampa's Lindell Investments Inc. and the PatrinelyGroup LLC, a subsidiary of Crimson Capital Ltd., abandoned plans to compete for the downtown Sarasota project. 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. Benderson is also famous for his frugality. "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. A global connoisseurask him to show you his travel photography. 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. He does not eat in restaurants that do not offer free refills on iced tea and coffee. He would rather walk a few blocks than feed a parking meter. Find company research, competitor information, contact details & financial data for Delta-Sonic Carwash Systems, Inc. of Buffalo, NY. "The sell out value of Ersa Grae's projects are in excess of $500 million. "We had never built a building in our lives," Benderson says. For years Benderson drove beat-up cars. Randy Benderson is the youngest of three boys. 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. He attended both Bennett and Lafayette high schools but never graduated. Leave a Comment / Net Worth / December 15, 2022 December 15, 2022 Nathan Benderson is a well-recognized public figure with a global reputation. How many people besides Schroeder-Manatee Ranch chief Rex Jensen thought it possible? The funeral will be held at 11 a.m. Wednesday in Temple Beth Zion, 805 Delaware Ave., Buffalo. Fifteen of the Fred Meyer stores that were part of the transaction are located in Oregon, while another 10 are in Washington state. 1255 N. Gulfstream Avenue, Suite 101, Sarasota, FL 34236, Meet the 25 Most Influential Men and Women in Sarasota Today. 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. Ready Capital and Broadmark Realty Capital to Merge, A Closer Look at H2s Investment Sales Drubbing, Robert Bernard Joins CBRE as Chief Sustainability Officer, Unlimited access to GlobeSt and other free ALM publications, Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications, 1 free article* every 30 days across the ALM subscription network, Exclusive discounts on ALM events and publications. Benderson got back into bottles for five years, then decided to buy a brewery -- trucks, equipment, beer, bottles, cases and all -- at a foreclosure auction. At restaurants he would not allow them to order Coca-Cola. 1898: James M. Cox, 28, borrows $26,000 from friends and family to purchase the Dayton Evening News in Ohio. 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. He expects those he deals with to have done their homework. His achievement stems from the ascension of diligent labor. 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. 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. Hard work to Benderson has always meant long hours. 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. 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. Year: Net Worth: 2019: $13 Million : 2020: $13.5 Million: 2021: 14 Million: 2022: 14.5 . The business meant more money to send home for his wife, Dora, and their first son, Ronny. Randy would later team up with his father, helping lead one of the countrys national commercial real estate firms. The sale-leaseback investment brings to 32 the number of Fred Meyer Stores Inc. outlets Benderson now owns. Under terms of the absolute net lease deal, Portland-based Fred Meyer and Kroger will cover all operating expenses associated with the stores. "On the way home, I'll stop and get you a bottle of Coke for a nickel.". Randy Benderson was greatly influenced by his father to help charities that support the elderly as well. "We used to pay good interest.". ", "Haskell (the design build contractor) (has) annual sales in excess of $700 million (and its) current bonding capacity is $600 million. 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. As due diligence continues to proceed, we anticipate that this will continue to be the case. Developers Diversified is paying Benderson $2.3 billion. 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. Benderson would not consider taking the company public. Farmview, Pa.: The Greenfield conservation development is a 418-acre site in historic Bucks County. 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. At 75, he shows no signs of slowing down in his mission to help those making a new home here. He didn't have any trouble that whole winter," Benderson said. 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. Florida-based Benderson Development bought a 4.5-million-square-foot, 28-property portfolio of absolute net . 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. 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. benderson family net worth. 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. 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. 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. West University Avenue Lofts: started 2003; $3 million; SunTrust National Bank and private limited partner equity investor. Just as stunning was the way he questioned Stovroff about Hospice. According to a recent analysis o and the business insiders, we have got that the estimated net worth of Ronald Benderson is more than a couple of million. Mission, capabilities and experience: Arcadia Land Co. specializes in managing and investing in New Urbanist projects. Their calls get answered, their agendas turn into action and their networks spread far and wide. 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. "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. In all, Benderson one of North Americas largest privately held real estate companies has completed a half-dozen other acquisitions over the past 18 months. 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. Benderson enjoys relationships with nearly 1,700 tenants, 90 lenders, and six major banks. He took a trip to Florida, telling a friend who stayed at the plant it was OK to tell creditors exactly where he was. 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. Those he advocatesincluding the controversial (and short-lived) hiring of a sports executive as the citys first homelessness directormove forward. The tough-as-nails founder of Medallion Home, 58, has the money to play elite-level politics. Early on, he struggled to get loans from Buffalo banks. talladega high school basketball. 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. He took leave, came home and sold everything. The family lost its home. The centers are located in Florida, New York, Ohio and Kentucky. When the project failed, he lost $1 million. Mr. Benderson entered the real estate business in 1951, when he bought the eight-building Schreiber Brewery on Fillmore Avenue at a foreclosure auction for $275,000, before selling off all the equipment and beer and redeveloping the property. "If there were only four or five, I'd take one or two. A week later, in October 1929, the stock market crashed, and the family ultimately lost its home, leaving his father devastated. Sign up for our newsletter to keep reading. Arcadia partnered with the owner, the Pitcairn Trust. 0.17 miles away. Uncategorized. 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. When the weather cooled and demand dropped, the bill collectors arrived. Fred Meyer operates 132 stores in total, which average 165,000 square feet larger than most Costco Wholesale Club outlets or SuperTarget stores. *May exclude premium content Get the latest business insights from Dun & Bradstreet. "We've never made a bad deal," Nathan Benderson likes to joke. Consulate Health Care of Sarasota 4783 Fruitville Road, Sarasota, FL 34232. On one day alone in 1933, he bought 1.8 million empty bottles from Phoenix Brewery, which viewed them as obsolete, and resold them. Benderson officials could not be reached for comment regarding their recent investments. 50.011. He still is not. Knight Building: started 2000; $1.5 million; Wachovia National Bank, Jacksonville DDA and Duval County HFA. Home. 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. Save my name, email, and website in this browser for the next time I comment. Two of the properties are in the Bay area -- Horizon Park in Tampa, with. 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. Her husband had grown up with him and their fathers were friends, but Stovroff was not prepared for Benderson the businessman. He valued loyalty and hard work and was viewed as a tough, inquisitive negotiator and a determined businessman. Met Life was pleased enough that it ordered another dozen buildings during the next few years, trusting Benderson to get them done.

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