Caution and uncertainty are the popular themes. 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. And they do it faster and better than anyone else," Masiello said. During the war, Benderson was sent to Mississippi, a "dry" state. Benderson Family Heart Center | Programs & Services Tough but fair, she has a sharp sense of humor and can take it as well as dish it out. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. 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. Keep reading with unlimited digital access. Leave a Comment / Net Worth / December 15, 2022 December 15, 2022 Nathan Benderson is a well-recognized public figure with a global reputation. The proposals are ranked by the score awarded by the city's review committee. Florida-based Benderson Development bought a 4.5-million-square-foot, 28-property portfolio of absolute net . Schooled during the Depression, Mr. Benderson was cautious in his projects and didn't build lavish buildings. At age 90, there are still days when he is up at dawn and working late into the night. "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. 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. 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. 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. Survivors include his wife, the former Dora Broder; three sons, Ronald, Robert and Randy; and a longtime companion, Anne M. Virag. 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.. Those who do not like the hours or expectations leave, but many have stuck with Benderson for decades, some in multiple generations. His major local projects included Delaware Consumer Square, Boulevard Consumer Square, Thruway Mall, Union Consumer Square and the Niagara Falls outlets. 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. About Us | Bederson LLP Benderson made regular trips to Louisiana to slake the troops' thirst for liquor. When they decide to do something, they do it. At 75, he shows no signs of slowing down in his mission to help those making a new home here. A one-term city commissioner, he was elected a pro-business county commissioner in 2014. In 1939, soda was a seasonal business. It was the brewery that made Benderson a real estate developer. He expects the same work ethic from employees. Each of the 25 power players on our list wields major clout in our community. 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. Hes reduced crime levels, kept budgets flat and adapted progressive strategies like intelligent policing intended to prevent rather than react to crime. Other causes and charities the Benderson family, including father-son tandem Nathan and Randy. rent to own homes near bay st louis, ms . Benderson Buys 28-Property Portfolio of Fred Meyer Superstores In 2013, his not-in-my-district stance scuttled plans for a come-as-you-are homeless shelter, inflaming critics. "We used to pay good interest.". 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. August 31, 2016 Benderson said the lessons were intentional: He never wanted his kids to "get spoiled." Benderson Development Reviews: What Is It Like to Work At Benderson Dennis Anderson is an example of someone who started low in life and then . When Benderson was 12, his mother came home one day to say she had sold the stock she had inherited from her parents. "He's remarkable," said Wayne Wisbaum, an attorney whose family has had a long association with Benderson. Jewish Community Center of Greater Buffalo - Benderson Family Building The Jewish Community Center's suburban campus in Amherst is named for him. 1255 N. Gulfstream Avenue, Suite 101, Sarasota, FL 34236Phone: (941) 487-1100, By "He knows every tenant, every lease, the terms, the rents and he knows the vacancy rates at each of his shopping centers. What does this mean for CRE professionals? 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. Ronald E Benderson - Family Office Marketplace "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. 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. West University Avenue Lofts: started 2003; $3 million; SunTrust National Bank and private limited partner equity investor. When the project failed, he lost $1 million. As head of the business advocacy group The Argus Foundation, shes likely to increase its visibility and power when she leaves the commission because of term limits this year. 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. 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. "What people don't know is 90 percent of his life the last 25 years was all about charity," Levy said, "but he wasn't the kind of guy to get up and have a press conference to talk about it.". COURTESY PHOTO Benderson Development bought Pioneer Natural Resources' new headquarters in Texas for more than $200 million. ", "Haskell (the design build contractor) (has) annual sales in excess of $700 million (and its) current bonding capacity is $600 million. The superstores consist of 380 acres across Washington, Oregon, Idaho, and Alaska. 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. 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. Worthing Place Apartments: started 2000; $45 million; SunTrust (pending). The centers are located in Florida, New York, Ohio and Kentucky. From our fitness center to our beloved Camp Centerland, from our outdoor pool complex with beach volleyball and pickleball courts to . Meet the 25 Most Influential Men and Women in Sarasota Today Their backgrounds and achievements vary widely, but each of the 25 power players on our list wields major clout in our community. Dennis Anderson takes home a monthly salary of $32,000, while his net worth is reported to be $5 million US Dollars. But the state has kicked in $300 million. 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 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. His involvement in projects "adds credibility and confidence," said former Buffalo Mayor Anthony Masiello. 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. Buffalo Lodging Associates owns and operates over 50 award-winning hotels. The full extent is only now becoming known. 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. 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. Randall I Benderson. 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. 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. Nationally, shes been named PP CEO of the Year, and shes won broad local support, including from high-profile Republican stalwarts, as she has aggressively expanded facilities and services. 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. 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. The 28 Richest Billionaire Families in America, Ranked - Business Insider Get the latest business insights from Dun & Bradstreet. Executive brings more than two decades of environmental sustainability experience. 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. W.A. At restaurants he would not allow them to order Coca-Cola. He also was shy and modest about his achievements and wealth, and lived accordingly. Highland Beach Club, Highland Beach: started 2003; $27 million; General Electric Capital and Bank of America. There are Four Different NOIs in a CRE Deal. At JCC Buffalo, Randys father helped develop the Weinberg senior living campus. Some have amassed millions of dollars of their own, and others have given millions of dollars of other peoples money away. If there was eight or nine, I maybe took two or three.". "Benderson, and affiliated companies, has been in business for over five decades. Like most developers, some of Benderson's deals went sour. "We just feel we want to be our own people," Benderson said. Her husband had grown up with him and their fathers were friends, but Stovroff was not prepared for Benderson the businessman. Benderson didnt purchase the stores alone, however. or joint net worth with the person's spouse, that exceeds $1 million at the time of such person's . 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. 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. 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. (When the city commission tried to impose annual inspections on that project, he stormed out and won approval on his own terms.) 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. Forbes 400: Full List Of America's Richest People For Benderson and other investors, conversely, net-lease transactions provide long-term stable cash flow and credit-tenant guarantees. He understands whats unique about Sarasota and wants to protect that, including opposing guns on the beach. benderson family net worth - woodenfloorbd.com A year later, Benderson called Stovroff to set up a $250,000 endowment for Hospice. By 1958, his company's property assets totaled $14.5 million. Benderson has served as Benderson Development's director and president since 1992. The Benderson children knew their father was a hard worker and somewhat successful. 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. Nathan Benderson is famous for his work ethic and his questions, the way he drills down into every detail of a deal -- whether it is business or philanthropy. Randall I Benderson - Family Office Marketplace The four finalists for developing a project at Palm and Cocoanut avenues appear to have the experience and the funds to deliver. In buying the portfolio, Benderson outbid roughly 20 other qualified buyers. Three years into the Great Depression, Benderson's father, Isaac, had a broken spirit and was afraid to take a risk after making a decision that cost his family their home. 1255 N. Gulfstream Avenue, Suite 101, Sarasota, FL 34236, Meet the 25 Most Influential Men and Women in Sarasota Today. Copyright 2023 Observer Media Group Inc., All Rights Reserved, The Point Man of Five Points (Sara/Mana edition), as required for Public Notices per F.S. Arcadia's expertise is not limited to Greenfield projects. The sale-leaseback investment brings to 32 the number of Fred Meyer Stores Inc. outlets Benderson now owns. benderson family net worth.
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