Dont hug her or shake her hand, thoughshe fends off germs by hands-free greetings. As was the case in both the Thrivent and Duke Energy deals, Benderson worked with Timonium, Maryland-based CGA Capital, which specializes in net-lease financing and acquisitions and has closed more than $20 billion worth of deals since its formation in 2009 by executives from RBS Securities and formerly Legg Mason Inc., of Baltimore. Each of the 25 power players on our list wields major clout in our community. 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. Schooled during the Depression, Mr. Benderson was cautious in his projects and didn't build lavish buildings. Real-estate magnate Nathan Benderson dies. Randy would later team up with his father, helping lead one of the countrys national commercial real estate firms. It was the brewery that made Benderson a real estate developer. 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. Barnett Bank Building: started 2004; $26 million; City of Jacksonville, private limited partner equity investor, federal historic tax credit investor and first mortgage lender Wachovia National Bank or SunTrust National Bank. A devoted grandmother who sings in her church choir, shes also a brainy multitasker beloved for her kind heart. "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. 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. Sarasota Magazine. 1255 N. Gulfstream Avenue, Suite 101, Sarasota, FL 34236, Meet the 25 Most Influential Men and Women in Sarasota Today. Caution and uncertainty are the popular themes. He recently announced plans to build attainable downtown apartments renting from $1,000 to $2,000 a month. benderson family net worth. The market for these types of transactions is alive and well, especially for grocery-anchored properties in good locations, as these are, he says. Post author: Post published: February 28, 2022 Post category: dediche per bambini compleanno Post comments: orari messe cervignano del friuli orari messe cervignano del friuli 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. The business meant more money to send home for his wife, Dora, and their first son, Ronny. If you are experiencing difficulties logging in or are a subscriber getting a paywall, please try one or more of the following steps. Three grandsons work for Benderson Development. 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. Benderson helped create one of the first outlet malls and was one of the first developers to venture into suburbia. Early on, he struggled to get loans from Buffalo banks. 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. His son was not afraid of anything. The family lost its home. 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. A longtime Venice resident with kids and grandkids in town, she loves golf and small-town life, including Friday-night high-school football games. To this day, Randy Benderson continues to honor and support the charitieshis great father had cared about, taking them up as his own. "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.". 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. $5.39 million a year may be a low estimate though. Copyright 2023 Benderson Development, LLC. Many fellow soldiers wanted something harder than base-served beer. 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. Knight Building: started 2000; $1.5 million; Wachovia National Bank, Jacksonville DDA and Duval County HFA. The Benderson financial statement and the track record of its design build contractor, The Haskell Co., confirm existing financial capability to guarantee completion of the project. Ersa Grae has banking relationships with various financial institutions providing construction lending. Accessiblehell email at all hoursNeal is one of the first calls for pols and business types who need a favor. A year later, Benderson called Stovroff to set up a $250,000 endowment for Hospice. 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 Jewish Community Center's suburban campus in Amherst is named for him. "It all has to go to charity," Levy said. Bass Pro Shop has signed on to put a mega-store at the center. 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. Is Michael Barfield a Crusader or a Con Man. "We've never made a bad deal," Nathan Benderson likes to joke. All Rights Reserved. 1801 Military Trail: started 1999; $12.0 million; Guaranty Federal Bank. 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. 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. Address: 4745 Spaulding Dr Clarence, NY, 14031. . "Benderson, and affiliated companies, has been in business for over five decades. 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. He never leaves the house before he exercises. He took a trip to Florida, telling a friend who stayed at the plant it was OK to tell creditors exactly where he was. This rating has improved by 36% over the last 12 months. *May exclude premium content Her husband had grown up with him and their fathers were friends, but Stovroff was not prepared for Benderson the businessman. Most banks are run from elsewhere, and most of their local chiefs, once so active in civic affairs, are faceless and unknown; few religious leaders act beyond their sphere; and, except for the community foundations, arts and social service executives arent assuming communitywide leadership. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. Loves his family, loves his job, loves the communityand loves to talk about all that, too. 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. 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. Florida-based Benderson Development bought a 4.5-million-square-foot, 28-property portfolio of absolute net . Our collection of modern, flexible warehouse space and industrial parks deliver solutions to activate and support the workforce. Among his holdings is a project that promises to upend Southwest Florida retailing: a 1 million-square-foot "lifestyle center" on the Manatee-Sarasota county line. Benderson has served as Benderson Development's director and president since 1992. After that loss, Randy Benderson remembered seeing his father cry for the first time. The audit will confirm Benderson's net worth in an amount in excess of $100 million. 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. largest privately held real estate companies in America with a diversified portfolio spanning 40 states. His father was a major benefactor of the Buffalo Zoo. Home. Meanwhile, The Jewish Federation of Greater Buffalo created a leadership award in honor of his father, the Nathan Benderson Leadership Award. "Some just turned bad.". As such, animal adoptions as an advocacy resonate strongly in Randy Benderson. 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. Day by day the total earnings of Ronald Benderson are increasing and by the side he is getting popular. Like most developers, some of Benderson's deals went sour. 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.. (When the city commission tried to impose annual inspections on that project, he stormed out and won approval on his own terms.) The proposals are ranked by the score awarded by the city's review committee. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. He gives so intelligently because he has to find out everything about the agency or the organization to which he gives.". Having worked closely with his father from a young age, Randy Benderson knows intimately how much his father had a. soft spot for animals. 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. Today he drives Fords -- although in Sarasota he sometimes pulls out a Rolls-Royce that his children bought him for his 80th birthday, a gift he tried to return. "I was ashamed because you don't go to Nate with just a request, 'Hey, write a check.' Friends and co-workers say the former nurse, known to decompress through nature and solitary travel, is as compassionate as she is tough. Some have amassed millions of dollars of their own, and others have given millions of dollars of other peoples money away. Mr. Benderson created a $2 million endowment for programs at Buffalo's Johnnie B. Wiley amateur sports complex. 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. Over the next two decades, Mr. Benderson developed office buildings for corporate tenants such as MetLife, John Hancock, Pitney Bowes and IBM all over the Northeast. "Financial capacity of development team. The full extent is only now becoming known. He valued loyalty and hard work and was viewed as a tough, inquisitive negotiator and a determined businessman. As a city of newcomers, Sarasota has always been a place where power is fluid rather than fixed into a long-established hierarchy. Keep reading with unlimited digital access. He counted them first "to figure out how many I could steal," he said. A former mega-fund raiser for social conservative Rick Santorum may seem an unlikely cheerleader for young Sarasota innovators, some of whom work, play video games and inhale coffee at his hip HuB office building. benderson family net worth. 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 . Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. Benderson is also famous for his frugality. Seaside: More than 80 acres containing approximately 500 homes, 100,000 square feet of retail/commercial and a variety of civic buildings. Leave a Comment / Net Worth / December 24, 2022 December 24, 2022 Ron Benderson is one of the most popular faces on the globe. Highland Beach Club, Highland Beach: started 2003; $27 million; General Electric Capital and Bank of America. benderson family net worth; Posted by: Comments: 0 Post Date: June 9, 2022 "They were so happy to think that I could afford to be in Florida. 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. Merrill Lynch Building: started 1998; $7 million; Bankers Trust. For Benderson and other investors, conversely, net-lease transactions provide long-term stable cash flow and credit-tenant guarantees.
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