1255 N. Gulfstream Avenue, Suite 101, Sarasota, FL 34236, Meet the 25 Most Influential Men and Women in Sarasota Today. 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. 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. 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. 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. 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. 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. 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. 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. Consulate Health Care of Sarasota 4783 Fruitville Road, Sarasota, FL 34232. Just as stunning was the way he questioned Stovroff about Hospice. Benderson Development net worth is believed to be more than a couple of million dollars, according to Forbes and business insiders. 1957: Jim Cox Jr. takes over the company after his father's death. Randall I Benderson. "It all has to go to charity," Levy said. 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. He took a trip to Florida, telling a friend who stayed at the plant it was OK to tell creditors exactly where he was. He never leaves the house before he exercises. 5157 Park Club Drive, Sarasota, FL 34235. 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. Mr. Benderson, who suffered a stroke Tuesday, was 94. His son was not afraid of anything. 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. Dennis Anderson takes home a monthly salary of $32,000, while his net worth is reported to be $5 million US Dollars. Benderson would not consider taking the company public. Those he advocatesincluding the controversial (and short-lived) hiring of a sports executive as the citys first homelessness directormove forward. And in this case, Benderson performed flawlessly.. At age 90, there are still days when he is up at dawn and working late into the night. His rise to the status of one of the worlds wealthiest people is a direct result of this success. The reserved (but quick-to-laugh) accountant, 49, whos now CEO of Sarasota Memorial Health Care System isnt as publicly visible as his charismatic predecessor, Gwen MacKenzie, but with 4,000 employees, he oversees one of the regions biggest workforces. 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. Schooled during the Depression, Mr. Benderson was cautious in his projects and didn't build lavish buildings. We offer industry leading companies state-of-the-art design, flexible layouts, well-maintained campuses and highly visible locations to heighten success and create thriving workplace communities. "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.". Hard work to Benderson has always meant long hours. His father's career was going in the other direction. "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. "We had never built a building in our lives," Benderson says. As due diligence continues to proceed, we anticipate that this will continue to be the case. "We've never made a bad deal," Nathan Benderson likes to joke. COURTESY PHOTO Benderson Development acquired the land beneath Thrivent Financial's new headquarters in Minneapolis as part of a net-lease transaction. Your email address will not be published. Nathan Benderson died April 7, 2012, at the age of 94. At this preliminary time, the Palm Avenue project appears to be financially feasible as a medium-term investment. 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. Already have an account? The letter was signed by Ron Weisser and C. Dean Patrinely. Friends and co-workers say the former nurse, known to decompress through nature and solitary travel, is as compassionate as she is tough. A Buffalo native, Mr. Benderson was known as "Sonny" when he was young. 1988: Jim Kennedy . How many people besides Schroeder-Manatee Ranch chief Rex Jensen thought it possible? He demolished the brewery's tallest building to rent parking spaces to retailers nearby. Met Life was pleased enough that it ordered another dozen buildings during the next few years, trusting Benderson to get them done. Love them or loathe them, the shopping centers, mall, rowing park and diverging diamond are here to stay, and mores coming, with up to 500 hotel rooms and 1,750 residential units approved. Elected judge in 1998, he has earned a reputation for hearing all sides. Hes reduced crime levels, kept budgets flat and adapted progressive strategies like intelligent policing intended to prevent rather than react to crime. This rating has improved by 36% over the last 12 months. 1801 Military Trail: started 1999; $12.0 million; Guaranty Federal Bank. "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. : Project contains 839 lots in two traditional neighborhood development neighborhoods on 400 acres. The Galleria survived short listing by city staff reviewers on Jan. 6 and was ranked third of the eight submissions. 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. 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. 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 . Benderson have supported are SPCA Serving Erie County, Variety Club, and the Buffalo Philharmonic Orchestra. Net worth: $24.5 billion Source of wealth: Hearst Corporation About 67 family members share the fortune that William Randolph Hearst created when he took over the San Francisco Examiner in the . "He's remarkable," said Wayne Wisbaum, an attorney whose family has had a long association with Benderson. 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. But the state has kicked in $300 million. News Staff Reporters Gene Warner and Jay Rey contributed to this report. 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. "He had his whole future in front of him, an exemplary firefighter and employee, just a great all-around person. The three principals - William Morris, Christopher Brown and Michael Langton - have a combined net worth of about $23.2 million. The towns most controversial public figure. Copyright 2023 ALM Global, LLC. Every evening, Benderson gathered Randy and his friends for an ice cream trip. Florida-based Benderson Development bought a 4.5-million-square-foot, 28-property portfolio of absolute net . 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. "If there were only four or five, I'd take one or two. 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. 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. The 322-home subdivision conserved 213 acres of dwindling farmland and made a significant profit. After having a successful stint in the racing industry, he married the love of his life, Carisa Meyers, in the year 2005. . Some gripe that Barwin has all the power and none of the accountability, but no one can deny the city he manages is prospering. Benderson Development has an overall rating of 4.6 out of 5, based on over 36 reviews left anonymously by employees. 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. The Lifetime Achievement Award is the highest honor the charity can bestow and Randy Benderson is committed to keeping his fathers legacy alive by seeking ways to help and provide significant contributions to the Jewish community in Buffalo. 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. Benderson didnt purchase the stores alone, however. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. Dont hug her or shake her hand, thoughshe fends off germs by hands-free greetings. 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. About Bederson LLP Established in 1937, we serve clients in New Jersey, New York, Delaware, Pennsylvania and beyond. "We just feel we want to be our own people," Benderson said. Randall I Benderson. 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. Meanwhile, The Jewish Federation of Greater Buffalo created a leadership award in honor of his father, the Nathan Benderson Leadership Award. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. But some things are the same. It was the brewery that made Benderson a real estate developer. 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. His company later sold nearly 40 percent of its Northeast properties to a Cleveland company for $2.3 billion, including retail plazas in Buffalo -- only to buy many of them back a few years later for a profit. His achievement stems from the ascension of diligent labor. 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. pulte homes complaints; raffel systems touchscreen and controller, dfs lrc hm lcd; tax products pr4 sbtpg llc means; history of san jose del cabo; pangbourne college term dates This way, we can do our own thing and make our own mistakes, and nobody can criticize what we do. Sports a dry sense of humor and a passion for filmmaking, expressed in several documentaries about Newtown. 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. *May exclude premium content 1898: James M. Cox, 28, borrows $26,000 from friends and family to purchase the Dayton Evening News in Ohio. It beat out the Arcadia Land Co. and Benderson Development Co. proposals by six points. Benderson Family Heart Center Programs & Services Contact Us Contact the Benderson Family Heart Center 617-355-4278 Email email@example.com 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 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. In 1967, after a business professor gave his eldest son, Ronny, a failing grade on a business plan he wrote for a class project, Mr. Benderson let his son test the idea anyway. benderson family net worth. The net asset value of current projects is about $175 million. Nates Place is an animal adoption center that rescues and places as many as 1,000 animals a year. Some have amassed millions of dollars of their own, and others have given millions of dollars of other peoples money away. Fred Meyer is a leader in these markets, and were very pleased to strengthen and enhance our long-term partnershipwith them.. Barwin, 62, a tall, long-faced career bureaucrat, is agreeable and smart (some say crafty). 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. 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. Access to this site (the "Site"), is provided by Family Office Marketplace (the "Company"). Among the causes Randy Benderson focuses on are Jewish-related charities that alleviate poverty. By 1958, his company's property assets totaled $14.5 million. 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. 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. A week later, the 1929 stock market crash occurred. Randy would later team up with his father, helping lead one of the country's national commercial real estate firms. Within a year, the factory was losing money and Benderson could not pay his lenders. We partner with first-to-market retailers and quality brands that generate excitement, creating successful regional shopping destinations.