By 16, he quit school and bought an old truck, hauling bottles to as far away as Cleveland. Our bonding capacity for individual projects is $100 million.". To this day, Randy Benderson continues to honor and support the charitieshis great father had cared about, taking them up as his own. You have permission to edit this article. After returning to Buffalo, Benderson's father-in-law convinced him to come to work for him, making $100 a week. Then Metropolitan Life asked for space above the gas company. The Jewish Community Center's suburban campus in Amherst is named for him. And they do it faster and better than anyone else," Masiello said. All Rights Reserved. Mike Harrington: His team looks good, even without Alex Tuch. Rick Scottand hes running for the District 73 Florida House seat. 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. His son was not afraid of anything. The bankers balked when Benderson handed over only $10,000 of a $275,000 bid, but he convinced them to let him take over the mortgage. benderson family net worth - woodenfloorbd.com "The scope and depth of his generosity are on a scale that is unmatched in Western New York.". Survivors include his wife, the former Dora Broder; three sons, Ronald, Robert and Randy; and a longtime companion, Anne M. Virag. a natural person who has individual net worth, or joint net worth with the person's spouse, that exceeds $1 . 1957: Jim Cox Jr. takes over the company after his father's death. The market for these types of transactions is alive and well, especially for grocery-anchored properties in good locations, as these are, he says. Day by day the total earnings of Ronald Benderson are increasing and by the side he is getting popular. $5.39 million a year may be a low estimate though. To glimpse him enjoying his jet-set lifestyle, google Bravos Below Deck Mediterranean reality show. He didn't have any trouble that whole winter," Benderson said. The reasons for their strong interest are that they believe in us as experienced urban-oriented developers of complicated public-private developments. All that matters in their operation is to avoid and evade taxes. 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. Accessiblehell email at all hoursNeal is one of the first calls for pols and business types who need a favor. Loves his family, loves his job, loves the communityand loves to talk about all that, too. Copyright 2023 ALM Global, LLC. Hes Switzerland. The towns most controversial public figure. As of December 2003, Benderson has 356 separate mortgages outstanding for $1.68 billion dollars. Consulate Health Care of Sarasota 4783 Fruitville Road, Sarasota, FL 34232. georgia forensic audit pulitzer; pelonis box fan manual In St. John suits and a bouffant blonde hairdo, Jennings, 70, founded, led and sold Sarasota Bank at a time when banking was a mans world, then surprised her conservative clients by running for Congress as a Democrat, losing to Vern Buchanan by just 368 votes. The family lost its home. It lasted only three weeks. Their backgrounds and achievements vary widely, but each of the 25 power players on our list wields major clout in our community. "He had his whole future in front of him, an exemplary firefighter and employee, just a great all-around person. But he was back at work the next day, looking for another real estate development. talladega high school basketball. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. 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. Sign up for our newsletter to keep reading. "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. At age 18, he provided the down payment allowing his parents to once again own a home. 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. They build empires, in fields from shopping center development to restaurants. A devoted grandmother who sings in her church choir, shes also a brainy multitasker beloved for her kind heart. 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. Benderson Family Building in Amherst, located on a beautiful 40 acre campus running along Ellicott Creek, is a family-oriented, vibrant town square of life where you can feel a sense of community and belonging. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). "Benderson, and affiliated companies, has been in business for over five decades. 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. benderson family net worth - C & R PUB Friends and co-workers say the former nurse, known to decompress through nature and solitary travel, is as compassionate as she is tough. These instruments have been placed with the 90 lenders Benderson's bank dealings include nine-figure relationships with Fleet Bank, HSBC Bank, M&T Bank, Citibank, Key Bank, and Wells Fargo Bank. His major local projects included Delaware Consumer Square, Boulevard Consumer Square, Thruway Mall, Union Consumer Square and the Niagara Falls outlets. Fifteen of the Fred Meyer stores that were part of the transaction are located in Oregon, while another 10 are in Washington state. 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. Soon the gas company asked him to build an office. At JCC Buffalo, Randys father helped develop the Weinberg senior living campus. A driving force in creating the Florida Winefest and Forks & Corks events, hes now volunteer chairman of Bayfront 20:20, seeking to create a long-term master plan for 42 acres of prime Sarasota bayfront. 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. COURTESY PHOTO Benderson Development acquired the land beneath Thrivent Financial's new headquarters in Minneapolis as part of a net-lease transaction. When the weather cooled and demand dropped, the bill collectors arrived. A CPA by profession, he sits on the high-profile FSU boardhe was an early backer of Gov. 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. 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 . This biography of the founder of the Benderson Development Co. appeared in the Herald-Tribune in 2007. 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. Thirteen Fifty Main: scheduled to start construction in the summer; $50 million; conventional financing by a local Sarasota lender, such as Sarasota/Colonial Bank, AmSouth or United Bank. "He asked the most probing questions, some of which we couldn't answer," Stovroff said. Dennis Anderson is an example of someone who started low in life and then . At this preliminary time, the Palm Avenue project appears to be financially feasible as a medium-term investment. Bloomberg: the Richest Families in the World, Ranked - Business Insider Palmetto Place Condominiums, Boca Raton; started 2000; $53.5 million; Ohio Savings (AmTrust Bank). 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. "He knows every tenant, every lease, the terms, the rents and he knows the vacancy rates at each of his shopping centers. 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. . Reserved, patient and congenial,12th Judicial Circuit Chief Judge Charles Williams, 58, is an influential broker in the court system and a trusted voice in community race relations. 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. Like most developers, some of Benderson's deals went sour. Nathan Benderson died April 7, 2012, at the age of 94. "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.". 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. Jordan Levy, now a venture capitalist, recalls that Benderson was a favorite in their middle-class neighborhood. He never leaves the house before he exercises. And in this case, Benderson performed flawlessly.. Address: 144 Osprey Point Dr Osprey, FL, 34229. . 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. His father convinced her to buy back everything. The business meant more money to send home for his wife, Dora, and their first son, Ronny. Mr. Benderson, who suffered a stroke Tuesday, was 94. At restaurants he would not allow them to order Coca-Cola. 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. Isaac Benderson was strict, never giving Nathan the 10-cent admission to Saturday matinees, so Nathan walked a mile to the Utica Avenue theaters, picking up pennies from tin cans at newspaper stands along the way. Benderson have supported are SPCA Serving Erie County, Variety Club, and the Buffalo Philharmonic Orchestra. In addition to making more money each day, Benderson Development is becoming more well-known. 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. 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. Potential developers: Arcadia Land Co., a Delaware company with offices in Wayne, Pa. "Statement of equity investment capability: Each of the Arcadia principals has accumulated significant personal wealth, but Arcadia Land Co. is a private company with limited capitalization. 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. "More people thought we were going to go broke than thought we would become successful," Benderson said. An LSU alum who keeps a Tigers football helmet in his office, hes continuing to expand the hugely popular hospitals facilities and influence. Benderson officials could not be reached for comment regarding their recent investments. 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 who do not like the hours or expectations leave, but many have stuck with Benderson for decades, some in multiple generations. Lakewood Ranch celebrated its 20th anniversary last fall. 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. 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. 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. Those he advocatesincluding the controversial (and short-lived) hiring of a sports executive as the citys first homelessness directormove forward. Behind the scenes, Mr. Benderson was a generous donor to philanthropic causes and became the largest donor ever to Buffalo's Jewish community, giving millions of dollars over many years. Fred Meyer is a leader in these markets, and were very pleased to strengthen and enhance our long-term partnershipwith them.. 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). We work closely with our hotel brands, including Hilton Worldwide and Marriott International, to consistently deliver an unmatched guest experience. Two of the properties are in the Bay area -- Horizon Park in Tampa, with. He demolished the brewery's tallest building to rent parking spaces to retailers nearby. News Staff Reporters Gene Warner and Jay Rey contributed to this report. 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. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. Some of the statements are not as detailed as others, but they are interesting nonetheless. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. Randy Benderson was greatly influenced by his father to help charities that support the elderly as well. Mr. Benderson created a $2 million endowment for programs at Buffalo's Johnnie B. Wiley amateur sports complex. (Though hes gone on record as objecting to how the vulgar Trump is leading our party off a cliff.) The ultimate operator, he knows Floridas power players, sits on influential boards and pulls levers on land use policy. For years Benderson drove beat-up cars. 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. "I was ashamed because you don't go to Nate with just a request, 'Hey, write a check.' Drafted into the Army in 1941, Mr. Benderson served in Bermuda and stateside throughout the war. Here is the full list of the 400 richest Americans for 2014. Still, he was barely making it financially. benderson family net worth. A kayaker and naturalist, he developed his love for the environment growing up in what were then the wilds of South County. His involvement in projects "adds credibility and confidence," said former Buffalo Mayor Anthony Masiello. ", Financing ability: "Supported by its substantial net worth, extensive holdings and long-term track record, Benderson enjoys an excellent relationship with 90 present lenders. Benderson Buys 28-Property Portfolio of Fred Meyer Superstores He sold fireworks for Fourth of July. It also raises its overall portfolio to more than 800 properties totaling 45 million square feet in 40 states. Instead, before the age of 16, he started his first company -- Bison Bottle Co. -- which specialized in buying and reselling beer bottles. When the project failed, he lost $1 million. 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. On the higher end, The Beeston Fam could possibly earn close to $9.7 million a year. (When the city commission tried to impose annual inspections on that project, he stormed out and won approval on his own terms.) In 2000, The Buffalo News named Mr. Benderson one of the top 10 most influential business people in the past century. 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. 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. What they did not know is that the trips were never about the ice cream. 0.17 miles away. Early on, he struggled to get loans from Buffalo banks. He gives so intelligently because he has to find out everything about the agency or the organization to which he gives.". Barwin, 62, a tall, long-faced career bureaucrat, is agreeable and smart (some say crafty). 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. 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.. The number of his fans has been increasing rapidly over the last few days. "Financial capacity of development team. Benderson Development is one of America's largest privately held real estate companies, with a portfolio that includes more than 800 properties totaling over 50 million square feet in 40 states.. 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. Keep reading with unlimited digital access. Dennis Anderson takes home a monthly salary of $32,000, while his net worth is reported to be $5 million US Dollars. Never gets stuck in a position, never raises his voice and remains nonaligned, says one courtroom insider. After having a successful stint in the racing industry, he married the love of his life, Carisa Meyers, in the year 2005. . Other causes and charities the Benderson family, including father-son tandem Nathan and Randy. Our collection of modern, flexible warehouse space and industrial parks deliver solutions to activate and support the workforce. Bass Pro Shop has signed on to put a mega-store at the center. 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. Your email address will not be published. Ersa Grae has banking relationships with various financial institutions providing construction lending. Three grandsons work for Benderson Development. 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. Knight Building: started 2000; $1.5 million; Wachovia National Bank, Jacksonville DDA and Duval County HFA. He does not eat in restaurants that do not offer free refills on iced tea and coffee. Elected judge in 1998, he has earned a reputation for hearing all sides. The Beeston Fam Net Worth & Earnings (2023) "That's just an ego trip as far as I'm concerned.". Hes reduced crime levels, kept budgets flat and adapted progressive strategies like intelligent policing intended to prevent rather than react to crime.