You have permission to edit this article. 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. Address: 4745 Spaulding Dr Clarence, NY, 14031. . The letter was signed by Ron Weisser and C. Dean Patrinely. Benderson said it used to make him sick to think that someone was going to buy the land before he could. To glimpse him enjoying his jet-set lifestyle, google Bravos Below Deck Mediterranean reality show. 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. He took a trip to Florida, telling a friend who stayed at the plant it was OK to tell creditors exactly where he was. "Each of Ersa Grae's projects are normally held in a single asset subsidiary, jointly owned with various investors. He understands whats unique about Sarasota and wants to protect that, including opposing guns on the beach. (When the city commission tried to impose annual inspections on that project, he stormed out and won approval on his own terms.) On one day alone in 1933, he bought 1.8 million empty bottles from Phoenix Brewery, which viewed them as obsolete, and resold them. 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. W.A. It beat out the Arcadia Land Co. and Benderson Development Co. proposals by six points. Area philanthropic foundations control $1 billion in assets, and the millions they disperse each year affect the entire regions quality of life. 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. He never leaves the house before he exercises. Worthing Place Apartments: started 2000; $45 million; SunTrust (pending). As due diligence continues to proceed, we anticipate that this will continue to be the case. what challenges do advertisers face with product placement? In 1939, soda was a seasonal business. 5157 Park Club Drive, Sarasota, FL 34235. "We're not interested in being Donald Trump-type business people," Benderson said. By 16, he quit school and bought an old truck, hauling bottles to as far away as Cleveland. The Galleria survived short listing by city staff reviewers on Jan. 6 and was ranked third of the eight submissions. His involvement in projects "adds credibility and confidence," said former Buffalo Mayor Anthony Masiello. Among the causes Randy Benderson focuses on are Jewish-related charities that alleviate poverty. August 31, 2016 Access to this site (the "Site"), is provided by Family Office Marketplace (the "Company"). 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. The reasons for their strong interest are that they believe in us as experienced urban-oriented developers of complicated public-private developments. Save my name, email, and website in this browser for the next time I comment. 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. Under terms of the absolute net lease deal, Portland-based Fred Meyer and Kroger will cover all operating expenses associated with the stores. Loves his family, loves his job, loves the communityand loves to talk about all that, too. Finally, Randy Benderson is also keenly interested in supporting causes that rescue animals. Sarasota Magazine. 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. Benderson Development net worth is believed to be more than a couple of million dollars, according to Forbes and business insiders. When Benderson was 12, his mother came home one day to say she had sold the stock she had inherited from her parents. "A lot of people who have gone public over the years have been sorry that they've done it. Charming and likeable, she can be aggressive, and she comes equipped with a statewide power base because of her CPA (and new School Board member) husband Eric Robinson and his deep Republican connections. Benderson blames the talk on anti-Semitism. 1255 N. Gulfstream Avenue, Suite 101, Sarasota, FL 34236, Meet the 25 Most Influential Men and Women in Sarasota Today. Instead, before the age of 16, he started his first company -- Bison Bottle Co. -- which specialized in buying and reselling beer bottles. 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. The estimated $500 million deal also will add 4.5 million square feet to Bendersons portfolio. "On the way home, I'll stop and get you a bottle of Coke for a nickel.". But Benderson, who moved his headquarters to Manatee County nearly four years ago, does nothing to trumpet that scope. Copyright 2023 ALM Global, LLC. During 2003, Benderson completed 28 permanent financings for a combined $281 million, five mortgage refinancings for $57 million, and three major pool acquisition financings for $160 million. The full extent is only now becoming known. Each of the 25 power players on our list wields major clout in our community. All Rights Reserved. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. 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. Its been nearly a decade since we compiled a list of Sarasotas most influential people, and as we worked on this story, we realized that power here is not what it used to be. 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. The superstores consist of 380 acres across Washington, Oregon, Idaho, and Alaska. But some things are the same. Their calls get answered, their agendas turn into action and their networks spread far and wide. A week later, in October 1929, the stock market crashed, and the family ultimately lost its home, leaving his father devastated. Benderson made regular trips to Louisiana to slake the troops' thirst for liquor. COURTESY PHOTO Benderson Development acquired the land beneath Thrivent Financial's new headquarters in Minneapolis as part of a net-lease transaction. 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. 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. 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. Mike Harrington: His team looks good, even without Alex Tuch. 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. Barwin, 62, a tall, long-faced career bureaucrat, is agreeable and smart (some say crafty). Randy Benderson is the youngest of three boys. "He asked the most probing questions, some of which we couldn't answer," Stovroff said. Now 90 years old, Nathan Benderson's development company, with more than 8,000 employees, is a national commercial real estate powerhouse. Then Metropolitan Life asked for space above the gas company. Randy Benderson, Nate Benderson and the brothers know the strict rules of the tax laws in setting up a family limited partnership, and they flagrantly ignore them. Every evening, Benderson gathered Randy and his friends for an ice cream trip. His achievement stems from the ascension of diligent labor. Tarpon Point Nursing and Rehabi. 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). 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. 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. Benderson officials could not be reached for comment regarding their recent investments. His major local projects included Delaware Consumer Square, Boulevard Consumer Square, Thruway Mall, Union Consumer Square and the Niagara Falls outlets. Sarasota Magazine Ronald E Benderson. Farmview, Pa.: The Greenfield conservation development is a 418-acre site in historic Bucks County. 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. "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. *May exclude premium content 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. Hates bureaucracy, loves control and wont be intimidated. "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. 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. Meanwhile, The Jewish Federation of Greater Buffalo created a leadership award in honor of his father, the Nathan Benderson Leadership Award. ", Your California Privacy Rights/Privacy Policy. Never gets stuck in a position, never raises his voice and remains nonaligned, says one courtroom insider. Home. 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 If Benderson Family Skilled Nursing and Rehab Center isn't quite what you're looking for, take a look at a few other nearby facilities that might be a better match. 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. In the case of Fred Meyer, parent Kroger Co. will commit to new 25-year leases with Benderson, the base rent for which is $25 million annually for the 28 locations. Knight Building: started 2000; $1.5 million; Wachovia National Bank, Jacksonville DDA and Duval County HFA. The business meant more money to send home for his wife, Dora, and their first son, Ronny. Retailers faced a wide range of challenges in 2022. Florida-based Benderson Development bought a 4.5-million-square-foot, 28-property portfolio of absolute net . Get up-to-the-minute news sent straight to your device. We continue to aggressively add to this segment through individual and portfolio acquisitions. January 11, 2018 no comments, Robert Mims Memphis Reveals Top Beginner Golfer Tips. The party establishment pooh-poohed when he became co-chair of Trumps Florida presidential campaign, but so far, Gruters is riding high. 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. 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. 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. 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. So what does Sabres GM Kevyn Adams do this week? Downtown Albuquerque redevelopment: The Historic District Improvement Co., an Arcadia affiliate, controls and will redevelop more than 500,000 square feet of retail Class A office space and residential units. He also was a major benefactor for Roswell Park Cancer Institute, Buffalo Zoo, SPCA Serving Erie County, Variety Club, Buffalo Philharmonic Orchestra, Food Bank of Western New York and Center for Hospice and Palliative Care. The market for these types of transactions is alive and well, especially for grocery-anchored properties in good locations, as these are, he says. Two of the properties are in the Bay area -- Horizon Park in Tampa, with. FAMILY OFFICE MARKETPLACE TERMS OF USE. Being independent has meant that he could pursue projects others thought were too risky. 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. These stores are best-of-the-best, investment-grade tenancy, and Fred Meyer has strong sales, says Patrick Toomey, an executive director with Institutional Property Advisors (IPA), a division of commercial real estate brokerage Marcus & Millichap, who together with Carrazana and several others at the firm negotiated on behalf of Kroger and Fred Meyer. Benderson Development has an overall rating of 4.6 out of 5, based on over 36 reviews left anonymously by employees. "Benderson, and affiliated companies, has been in business for over five decades. 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 Buffalo native, Mr. Benderson was known as "Sonny" when he was young. The Benderson children knew their father was a hard worker and somewhat successful. He does not eat in restaurants that do not offer free refills on iced tea and coffee. Get the latest business insights from Dun & Bradstreet. A global connoisseurask him to show you his travel photography. He also was shy and modest about his achievements and wealth, and lived accordingly. "As such, there is no audited financial data to share with the Sarasota (Community Redevelopment Agency). Highland Beach Club, Highland Beach: started 2003; $27 million; General Electric Capital and Bank of America. A CPA by profession, he sits on the high-profile FSU boardhe was an early backer of Gov. 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. 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. Just as stunning was the way he questioned Stovroff about Hospice. georgia forensic audit pulitzer; pelonis box fan manual As a teenager, Benderson figured out that he could make more buying and selling bottles from breweries than recycling glass. It is situated on a former nursery site of 44 acres. As of December 2003, Benderson has 356 separate mortgages outstanding for $1.68 billion dollars. A good listener, hes passionate, practical and well connected and is a driver of the commission agenda. The number of his fans has been increasing rapidly over the last few days. His company is in the midst of two right now: a waterfront project in Buffalo and the University Town Center Mall on the Sarasota-Manatee county line. West University Avenue Lofts: started 2003; $3 million; SunTrust National Bank and private limited partner equity investor. "More people thought we were going to go broke than thought we would become successful," Benderson said. Hes reduced crime levels, kept budgets flat and adapted progressive strategies like intelligent policing intended to prevent rather than react to crime. A longtime Venice resident with kids and grandkids in town, she loves golf and small-town life, including Friday-night high-school football games. He attended both Bennett and Lafayette high schools but never graduated. Dennis Anderson takes home a monthly salary of $32,000, while his net worth is reported to be $5 million US Dollars. Randy Benderson understands that people make a company successful. Smith Barney Building: started 1997; $1.5 million; Bankers Trust. Having worked closely with his father from a young age, Randy Benderson knows intimately how much his father had a. soft spot for animals. His achievement stems from the ascension of diligent labor. Address: 144 Osprey Point Dr Osprey, FL, 34229. . 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. Here is the full list of the 400 richest Americans for 2014. benderson family net worth. The net asset value of current projects is about $175 million. If you don't have common sense, you don't have anything.". They include a $218 million purchase of the land beneath Pioneer Natural Resources 10-story, roughly $1 billion corporate headquarters in Irving, Texas; a $130 million leaseback acquisition of Thrivent Financials new corporate headquarters in Minneapolis, Minnesota, an eight-story, 264,139-square-foot building; and an equity stake in the land beneath Duke Energy Corp.s new Charlotte Metro Tower in North Carolina, a 40-story skyscraper with 1 million square feet. Early Life & Family Benderson Development was born in USA. The towns most controversial public figure. 1957: Jim Cox Jr. takes over the company after his father's death. City commissioner and current mayor, Shaw, 68, a retired postal employee whose family history here goes back more than 110 years, may be the most respected leader in Newtown. His father was a major benefactor of the Buffalo Zoo. On the higher end, The Beeston Fam could possibly earn close to $9.7 million a year. 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. Benderson Development Co. owns or manages 250 properties, a portfolio that includes 30 million square feet of office buildings, industrial parks, residential communities and hotels. 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. Benderson has accumulated an extensive net lease portfolio centered around ground leases, retail, office, industrial and hospitality properties. Access to this site (the "Site"), is provided by Family Office Marketplace (the "Company"). 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. The sale-leaseback investment brings to 32 the number of Fred Meyer Stores Inc. outlets Benderson now owns. ", Financing ability: "Supported by its substantial net worth, extensive holdings and long-term track record, Benderson enjoys an excellent relationship with 90 present lenders. . 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