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. In 1939, soda was a seasonal business. Area philanthropic foundations control $1 billion in assets, and the millions they disperse each year affect the entire regions quality of life. 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. Warren Buffett Net Worth: $67 B Source of wealth: Berkshire. An LSU alum who keeps a Tigers football helmet in his office, hes continuing to expand the hugely popular hospitals facilities and influence. As president of the company, Randy Benderson is following the footsteps of his father, Nathan, in the commercial real estate industry. 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. 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 would not consider taking the company public. Some have amassed millions of dollars of their own, and others have given millions of dollars of other peoples money away. Jensen, 61, made the vision a reality, and his influence keeps growing with the ranch. 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. The Foundation for Jewish Philanthropies is a not-for-profit public charity that aims to provide for the quality and continuity of Jewish life in Western New York. "Each of Ersa Grae's projects are normally held in a single asset subsidiary, jointly owned with various investors. Those who do not like the hours or expectations leave, but many have stuck with Benderson for decades, some in multiple generations. 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The sale-leaseback investment brings to 32 the number of Fred Meyer Stores Inc. outlets Benderson now owns. benderson family net worth; Posted by: Comments: 0 Post Date: June 9, 2022 "As such, there is no audited financial data to share with the Sarasota (Community Redevelopment Agency). 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. As a city of newcomers, Sarasota has always been a place where power is fluid rather than fixed into a long-established hierarchy. georgia forensic audit pulitzer; pelonis box fan manual 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. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Benderson Development is an individual who has become a celebrity by his charismatic works. Benderson has served as Benderson Development's director and president since 1992. "We just feel we want to be our own people," Benderson said. Other causes and charities the Benderson family, including father-son tandem Nathan and Randy. Hes also played a central role in the citys agonized debate over homelessness. Because no one in Buffalo knew where he got his money, there were rumors that Benderson had mob ties. Like most developers, some of Benderson's deals went sour. 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. A lawyer by training, with a jovial public personality that serves him well in speech making and fund raising, Thompson, 68, contends creativity is the cornerstone of Sarasotasand the worldschanging economy. On one day alone in 1933, he bought 1.8 million empty bottles from Phoenix Brewery, which viewed them as obsolete, and resold them. The reasons for their strong interest are that they believe in us as experienced urban-oriented developers of complicated public-private developments. He swims daily. Benderson Development has an overall rating of 4.6 out of 5, based on over 36 reviews left anonymously by employees. 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. A CPA by profession, he sits on the high-profile FSU boardhe was an early backer of Gov. 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 blames the talk on anti-Semitism. No matter how many battles hes lost, he continues to wage the war, undeterred by the groans when he grabs the microphone. Essentially the principals and key managers of Arcadia continue to plan and develop high profile projects. Sports a dry sense of humor and a passion for filmmaking, expressed in several documentaries about Newtown. 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. 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. After returning to Buffalo, Benderson's father-in-law convinced him to come to work for him, making $100 a week. We work closely with our hotel brands, including Hilton Worldwide and Marriott International, to consistently deliver an unmatched guest experience. At the young age of 16, Randys father, Nathan Benderson, built Fun NGames Amusement Park; Randy was tasked to manage all operations and head the seasonal company. Many fellow soldiers wanted something harder than base-served beer. "The Bendersons don't fool around. 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 . Mike Harrington: His team looks good, even without Alex Tuch. Dennis Anderson takes home a monthly salary of $32,000, while his net worth is reported to be $5 million US Dollars. A major Republican donor and Rick Scott appointee, Beruff did away with faculty tenure at State College of Florida and reduced payroll and environmental oversight at SWFMD. A week later, in October 1929, the stock market crashed, and the family ultimately lost its home, leaving his father devastated. The net asset value of current projects is about $175 million. A week later, the 1929 stock market crash occurred. 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. "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. At that point, Arcadia will reassess the overall capital needs of the project - principally to obtain entitlements and fund pre-marketing - and tap investors who have partnered previous projects of this scale. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! Developers Diversified is paying Benderson $2.3 billion. "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.". 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. Having worked closely with his father from a young age, Randy Benderson knows intimately how much his father had a. soft spot for animals. "Robert Davis' longstanding role in founding and developing Seaside speaks for itself in terms of commitment to excellence and Arcadia's capabilities. A decade later, he moved his company's headquarters to Florida, but maintained regional headquarters and major assets in Buffalo. By 1958, his company's property assets totaled $14.5 million. As of December 2003, Benderson has 356 separate mortgages outstanding for $1.68 billion dollars. Lakewood Ranch celebrated its 20th anniversary last fall. The Jewish Community Center's suburban campus in Amherst is named for him. 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. (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. In lieu of this, we invite the agency to review the scale of the most recent projects undertaken and, more importantly, completed by Arcadia. 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. alvirne high school teacher dies . "Some just turned bad.". 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. He understands whats unique about Sarasota and wants to protect that, including opposing guns on the beach. We continue to aggressively add to this segment through individual and portfolio acquisitions. COURTESY PHOTO Benderson Development bought Pioneer Natural Resources' new headquarters in Texas for more than $200 million. Keep reading with unlimited digital access. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). He attended both Bennett and Lafayette high schools but never graduated. To glimpse him enjoying his jet-set lifestyle, google Bravos Below Deck Mediterranean reality show. "I'd tell them, I'm not paying 75 or 80 cents in a restaurant," he said. In 2000, The Buffalo News named Mr. Benderson one of the top 10 most influential business people in the past century. Net worth: $54.4 billion Source of wealth: Chanel The Wertheimer family fortune dates back to 1920s Paris when Pierre Wertheimer funded designer Coco Chanel, Bloomberg reports. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. Your email address will not be published. Loves his family, loves his job, loves the communityand loves to talk about all that, too. He counted them first "to figure out how many I could steal," he said. 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. 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. Our bonding capacity for individual projects is $100 million.". He valued loyalty and hard work and was viewed as a tough, inquisitive negotiator and a determined businessman. 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. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. The Queen Mother of the philanthropic scene, Jacobs, 65, head of The Patterson Foundation, is the connector, collaborator and confidante of just about every philanthropy professional in the region. Sarasotas young (39), amiable GOP chair and VP of the Republican Party of Florida has earned a reputation for fiercely conservative views, risk-taking and ambition. Florida-based Benderson Development bought a 4.5-million-square-foot, 28-property portfolio of absolute net . 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. 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. ", Your California Privacy Rights/Privacy Policy. "He's remarkable," said Wayne Wisbaum, an attorney whose family has had a long association with Benderson. "We're not interested in being Donald Trump-type business people," Benderson said. 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. 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. He took a trip to Florida, telling a friend who stayed at the plant it was OK to tell creditors exactly where he was. Pioneer Natural, under terms of its lease with Benderson, for instance, will occupy its 1.12 million-square-foot headquarters through at least 2040. Benderson was driving around Buffalo scouting new sites for shopping centers and inspecting his developed properties. 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. "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. The towns most controversial public figure. 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. 50.011. He recently announced plans to build attainable downtown apartments renting from $1,000 to $2,000 a month. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, City mourns Buffalo firefighter Jason Arno as investigation into fatal fire launches, Buffalo firefighter makes 'ultimate sacrifice' in blaze that may have sparked backdraft, Paula's Donuts to move Clarence store that faced backlash for tax breaks to Amherst, Vandal damages 'brokenhearted' Russell Salvatore's tribute park in Lancaster, Chad Hall's departure from Buffalo Bills to Jaguars remains a bit of a mystery. But in the past, even if the players changed, they tended to come from the same placesfor example, banks, churches, nonprofit institutionsand they tended to work closely together. Jordan Levy, now a venture capitalist, recalls that Benderson was a favorite in their middle-class neighborhood. Potential developers: Southcoast Partners Inc., Boca Raton, and LB Jax Development LLC, Jacksonville. 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. 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. 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. Benderson didnt purchase the stores alone, however. Bridgeside Place, Fort Lauderdale: started 1998; $53 million; Bank of America. Hes reduced crime levels, kept budgets flat and adapted progressive strategies like intelligent policing intended to prevent rather than react to crime. Their calls get answered, their agendas turn into action and their networks spread far and wide. 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. An attorney who specializes in condo association law, Lobeck, 65, has fought the forces of development for decades, arguing that citizens want and deserve environmental protections and safeguards against rampant growth. They run political campaigns, educational institutions and local government. Most recently, the company announced earlier this month that it had acquired 28 Fred Meyer superstores in Oregon, Washington, Idaho and Alaska. The Pacific Northwest has always been one of our top areas of interest to grow our national footprint, says Benderson President Randy Benderson, in a statement. Brainy and dedicated, Thaxton, 58, did exhaustive homework and managed to balance business and quality of life issues during his eight years on the Sarasota County Commission. Additionally, he put up Nates Place in 2007 by converting a prime storefront spot near their corporate headquarters in University Shoppes. Accessiblehell email at all hoursNeal is one of the first calls for pols and business types who need a favor. "The acid test for equity funding is simple - if Arcadia believes a project is investment-worthy, there will be no shortage of equity to fund it. A devoted grandmother who sings in her church choir, shes also a brainy multitasker beloved for her kind heart. Skeptics have said the waterfront development in Buffalo, an old steel town, is foolhardy. Hates bureaucracy, loves control and wont be intimidated. "We used to pay good interest.". Additionally, the leases contain 5% rent increases every five years, so that by 2046 Fred Meyer will pay Benderson roughly $32 million annually, says Jose Carrazana, a broker who helped negotiate the sale leaseback, in a statement. 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. Benderson officials could not be reached for comment regarding their recent investments. At age 18, he provided the down payment allowing his parents to once again own a home. He demolished the brewery's tallest building to rent parking spaces to retailers nearby. 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. 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. Randall I Benderson. Mr. Benderson, who suffered a stroke Tuesday, was 94. By age 15, Nathan Benderson was making more money than his father. 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 full extent is only now becoming known. 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. His father's career was going in the other direction. Randy Benderson was greatly influenced by his father to help charities that support the elderly as well. Seaside: More than 80 acres containing approximately 500 homes, 100,000 square feet of retail/commercial and a variety of civic buildings. Little Blue River Valley, Independence, Mo. Merrill Lynch Building: started 1998; $7 million; Bankers Trust. To this day, Randy Benderson continues to honor and support the charitieshis great father had cared about, taking them up as his own. They never went to the same place, so they got to sample most of what the Buffalo suburbs had to offer. His involvement in projects "adds credibility and confidence," said former Buffalo Mayor Anthony Masiello. The man who collected broken glass as a child to afford a new pair of shoes prefers to keep his fortune closely guarded and in the family. Already have an account? Its most ambitious undertaking to date is the redevelopment of a major portion of downtown Albuquerque, N.M., in collaboration with the city of Albuquerque and a well-known philanthropic foundation.". ", "Haskell (the design build contractor) (has) annual sales in excess of $700 million (and its) current bonding capacity is $600 million.