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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. Little Blue River Valley, Independence, Mo. The market for these types of transactions is alive and well, especially for grocery-anchored properties in good locations, as these are, he says. Here is the full list of the 400 richest Americans for 2014. Randy Benderson understands that people make a company successful. 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. ", Financing ability: "Supported by its substantial net worth, extensive holdings and long-term track record, Benderson enjoys an excellent relationship with 90 present lenders. With this data, we predict the The Beeston Fam YouTube channel generates $359.32 thousand in ad revenue a month and $5.39 million a year. 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. In addition, Kraft Construction has been the general contractor for the city of Sarasota, Sarasota School District and Sarasota County.". The Benderson family is worth billions of dollars and employee many lawyers and CPAs. This way, we can do our own thing and make our own mistakes, and nobody can criticize what we do. But his new career was interrupted by World War II. The tough-as-nails founder of Medallion Home, 58, has the money to play elite-level politics. Benderson made regular trips to Louisiana to slake the troops' thirst for liquor. 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. 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. At age 18, he provided the down payment allowing his parents to once again own a home. 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. alvirne high school teacher dies . : Project contains 839 lots in two traditional neighborhood development neighborhoods on 400 acres. Essentially the principals and key managers of Arcadia continue to plan and develop high profile projects. Over the next decade, Mr. Benderson brought outlet malls to Florida, Virginia, Arizona, California, Oregon and Idaho. A recreational rock climber who clearly relishes uphill battles. The Fred Meyer store chain is a wholly owned subsidiary of Kroger. 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 . Is Michael Barfield a Crusader or a Con Man. 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. On the higher end, The Beeston Fam could possibly earn close to $9.7 million a year. 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. "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. At age 90, there are still days when he is up at dawn and working late into the night. 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 Benderson children knew their father was a hard worker and somewhat successful. 87% of employees would recommend working at Benderson Development to a friend and 87% have a positive outlook for the business. 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. Your email address will not be published. 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. 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. Access to this site (the "Site"), is provided by Family Office Marketplace (the "Company"). Some gripe that Barwin has all the power and none of the accountability, but no one can deny the city he manages is prospering. Already have an account? 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. Ronald E Benderson. His father was a major benefactor of the Buffalo Zoo. Financing ability: "Supported by its substantial net worth, extensive holdings and long-term track record, Benderson enjoys an excellent relationship with 90 present lenders. At restaurants he would not allow them to order Coca-Cola. Hes Switzerland. Many fellow soldiers wanted something harder than base-served beer. 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. Early on, he struggled to get loans from Buffalo banks. And in this case, Benderson performed flawlessly.. Randall I Benderson. 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. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. A CPA by profession, he sits on the high-profile FSU boardhe was an early backer of Gov. 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. Susan Burns, Tony D'Souza, Pam Daniel, Ilene Denton, Kay Kipling, and Cooper Levey-Baker 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. But Benderson, who moved his headquarters to Manatee County nearly four years ago, does nothing to trumpet that scope. His major local projects included Delaware Consumer Square, Boulevard Consumer Square, Thruway Mall, Union Consumer Square and the Niagara Falls outlets. "He asked the most probing questions, some of which we couldn't answer," Stovroff said. 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. "He had his whole future in front of him, an exemplary firefighter and employee, just a great all-around person. For years Benderson drove beat-up cars. The letter was signed by Ron Weisser and C. Dean Patrinely. Highland Beach Club, Highland Beach: started 2003; $27 million; General Electric Capital and Bank of America. Sports a dry sense of humor and a passion for filmmaking, expressed in several documentaries about Newtown. Jensen, 61, made the vision a reality, and his influence keeps growing with the ranch. Mr. Benderson, who suffered a stroke Tuesday, was 94. They run political campaigns, educational institutions and local government. A lawyer by training, with a jovial public personality that serves him well in speech making and fund raising, Thompson, 68, contends creativity is the cornerstone of Sarasotasand the worldschanging economy. An attorney who specializes in condo association law, Lobeck, 65, has fought the forces of development for decades, arguing that citizens want and deserve environmental protections and safeguards against rampant growth. 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. A good listener, hes passionate, practical and well connected and is a driver of the commission agenda. 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. The business meant more money to send home for his wife, Dora, and their first son, Ronny. Florida-based Benderson Development bought a 4.5-million-square-foot, 28-property portfolio of absolute net . Those he advocatesincluding the controversial (and short-lived) hiring of a sports executive as the citys first homelessness directormove forward. He expects the same work ethic from employees. Copyright 2023 Benderson Development, LLC. "The principals all have unblemished financial statements with limited current debt levels and they believe in the growth and future of downtown Sarasota with a well-conceived and well-executed project such as The Palm. 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. 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. For Benderson and other investors, conversely, net-lease transactions provide long-term stable cash flow and credit-tenant guarantees. Other causes and charities the Benderson family, including father-son tandem Nathan and Randy. "We just feel we want to be our own people," Benderson said. He counted them first "to figure out how many I could steal," he said. The net asset value of current projects is about $175 million. 1801 Military Trail: started 1999; $12.0 million; Guaranty Federal Bank. Ruth Kahn Stovroff, 93, remembers asking Benderson for a donation to build a hospice center in Buffalo. FAMILY OFFICE MARKETPLACE TERMS OF USE. Potential developers: Southcoast Partners Inc., Boca Raton, and LB Jax Development LLC, Jacksonville. A Democratic state senator in the 80s, Nealnow a Republicanis an important Republican donor. Address: 4745 Spaulding Dr Clarence, NY, 14031. . He swims daily. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. 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. Now 90 years old, Nathan Benderson's development company, with more than 8,000 employees, is a national commercial real estate powerhouse. A wide range of company responsibilities fall . A year later, Benderson called Stovroff to set up a $250,000 endowment for Hospice. 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. Randy Benderson was greatly influenced by his father to help charities that support the elderly as well. You have permission to edit this article. Benderson Development has an overall rating of 4.6 out of 5, based on over 36 reviews left anonymously by employees. . 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. 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. 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 died April 7, 2012, at the age of 94. We work closely with our hotel brands, including Hilton Worldwide and Marriott International, to consistently deliver an unmatched guest experience. Meanwhile, The Jewish Federation of Greater Buffalo created a leadership award in honor of his father, the Nathan Benderson Leadership Award. "More people thought we were going to go broke than thought we would become successful," Benderson said. Ersa Grae has banking relationships with various financial institutions providing construction lending. 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. By age 15, Nathan Benderson was making more money than his father. Friends and co-workers say the former nurse, known to decompress through nature and solitary travel, is as compassionate as she is tough. Power seems more diffuse today. The four finalists for developing a project at Palm and Cocoanut avenues appear to have the experience and the funds to deliver. 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. ", Your California Privacy Rights/Privacy Policy. His involvement in projects "adds credibility and confidence," said former Buffalo Mayor Anthony Masiello. 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. Randy Benderson is the youngest of three boys. To glimpse him enjoying his jet-set lifestyle, google Bravos Below Deck Mediterranean reality show. Among the causes Randy Benderson focuses on are Jewish-related charities that alleviate poverty. During the war, Benderson was sent to Mississippi, a "dry" state. "The scope and depth of his generosity are on a scale that is unmatched in Western New York.". Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. "We've never made a bad deal," Nathan Benderson likes to joke. Randall I Benderson. Schooled during the Depression, Mr. Benderson was cautious in his projects and didn't build lavish buildings. 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. He demolished the brewery's tallest building to rent parking spaces to retailers nearby. 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. A kayaker and naturalist, he developed his love for the environment growing up in what were then the wilds of South County. 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. FAMILY OFFICE MARKETPLACE TERMS OF USE. Consulate Health Care of Sarasota 4783 Fruitville Road, Sarasota, FL 34232. Hes reduced crime levels, kept budgets flat and adapted progressive strategies like intelligent policing intended to prevent rather than react to crime. Real-estate magnate Nathan Benderson dies. On one day alone in 1933, he bought 1.8 million empty bottles from Phoenix Brewery, which viewed them as obsolete, and resold them. 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. Required fields are marked *. "Benderson, and affiliated companies, has been in business for over five decades. Randy Benderson aspires to become an active patron of the Roswell Park Cancer Institute, Food Bank of Western New York and Center for Hospice and Palliative Care, just like his father was. He valued loyalty and hard work and was viewed as a tough, inquisitive negotiator and a determined businessman. Bill Gates Net Worth: $81 B Source of wealth: Microsoft 2. Loves his family, loves his job, loves the communityand loves to talk about all that, too. Hard work to Benderson has always meant long hours. He wasnt scared off by Marco Rubios late entry into the race (by staying in he may be amassing political capital for a future run for governor); whether or not he wins, hes likely to stay a player in this red state. After returning to Buffalo, Benderson's father-in-law convinced him to come to work for him, making $100 a week. The plan includes over 40% of open space, with no removal of perimeter trees. Leave a Comment / Net Worth / December 15, 2022 December 15, 2022 Nathan Benderson is a well-recognized public figure with a global reputation. "The sell out value of Ersa Grae's projects are in excess of $500 million. He sold fireworks for Fourth of July. The towns most controversial public figure. As due diligence continues to proceed, we anticipate that this will continue to be the case. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. 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. Jordan Levy, now a venture capitalist, recalls that Benderson was a favorite in their middle-class neighborhood. 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. If there was eight or nine, I maybe took two or three.". When the weather cooled and demand dropped, the bill collectors arrived. 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. News Staff Reporters Gene Warner and Jay Rey contributed to this report. In the 1960s, Benderson bought a downtown Buffalo office building and decided to convert it into condos. 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. The audit will confirm Benderson's net worth in an amount in excess of $100 million. A devoted grandmother who sings in her church choir, shes also a brainy multitasker beloved for her kind heart. Potential developers: Sarasota's Benderson Development Co. and Sarasota Commercial Management Inc. "As of March 31, 2003 (close of the most recent fiscal year), Benderson has completed an independent auditor's report, prepared by Brock, Schechter & Polakoff LLP.

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