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. Keep reading with unlimited digital access. 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. W. Kyle Gore, a CGA Capital co-founder and managing director, says in an email that his firm was also involved in the Fred Meyer effort, but he declined further comment. "Benderson is typically regarded as the largest privately-held open shopping center developer in the U.S. At 75, he shows no signs of slowing down in his mission to help those making a new home here. Sports a dry sense of humor and a passion for filmmaking, expressed in several documentaries about Newtown. Finally, Randy Benderson is also keenly interested in supporting causes that rescue animals. He expects the same work ethic from employees. 1957: Jim Cox Jr. takes over the company after his father's death. 800 PROPERTIES 40 STATES 50+ MILLION SF OUR DIVERSE PORTFOLIO MARKET-DOMINANT AND SPECIALTY SHOPPING CENTERS ", Benderson poohs-poohs that talk: "Everything is hard work and common sense. 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. His oldest son, Ronny, who now runs Delta Sonic, a chain of car washes that offers rust-proofing, oil changes and gourmet meals, remembers the bottle business. "We used to pay good interest.". "The Bendersons don't fool around. A year later, Benderson called Stovroff to set up a $250,000 endowment for Hospice. News Staff Reporters Gene Warner and Jay Rey contributed to this report. 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. 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. Their calls get answered, their agendas turn into action and their networks spread far and wide. 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. Caution and uncertainty are the popular themes. 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. In addition to making more money each day, Benderson Development is becoming more well-known. 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. Developers Diversified is paying Benderson $2.3 billion. In later life, Mr. Benderson took special pride and enjoyment in working with his sons and grandchildren. Never gets stuck in a position, never raises his voice and remains nonaligned, says one courtroom insider. The full extent is only now becoming known. He demolished the brewery's tallest building to rent parking spaces to retailers nearby. 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. Hes also played a central role in the citys agonized debate over homelessness. Uncategorized. The Benderson family is worth billions of dollars and employee many lawyers and CPAs. This biography of the founder of the Benderson Development Co. appeared in the Herald-Tribune in 2007. In the 1960s, Benderson bought a downtown Buffalo office building and decided to convert it into condos. He left the factory in his friend's care, shipping off to Bermuda, where he and others in the Army monitored shipping channels for German U-boats. Loves his family, loves his job, loves the communityand loves to talk about all that, too. When the weather cooled and demand dropped, the bill collectors arrived. Potential developers: Arcadia Land Co., a Delaware company with offices in Wayne, Pa. "Statement of equity investment capability: Each of the Arcadia principals has accumulated significant personal wealth, but Arcadia Land Co. is a private company with limited capitalization. But his new career was interrupted by World War II. The four finalists for developing a project at Palm and Cocoanut avenues appear to have the experience and the funds to deliver. But he was back at work the next day, looking for another real estate development. The centers are located in Florida, New York, Ohio and Kentucky. Being independent has meant that he could pursue projects others thought were too risky. 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. He understands whats unique about Sarasota and wants to protect that, including opposing guns on the beach. "He's remarkable," said Wayne Wisbaum, an attorney whose family has had a long association with Benderson. Dont hug her or shake her hand, thoughshe fends off germs by hands-free greetings. Some gripe that Barwin has all the power and none of the accountability, but no one can deny the city he manages is prospering. 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. The business meant more money to send home for his wife, Dora, and their first son, Ronny. 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. 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. Is Michael Barfield a Crusader or a Con Man. As a teenager, Benderson figured out that he could make more buying and selling bottles from breweries than recycling glass. Palmetto Place, Bridgeside Place and the Highland Beach Club are all excellent real examples of our ability to achieve highly competitive construction financing commitments with prominent lenders such as Bank of America, Ohio Savings (AmTrust Bank), or General Electric Capital Corp. "We are in serious discussions with each of the above referenced lenders with our proposed Thirteen Fifty Main mixed-use project one block to the south of the Palm site. 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. For University Town Center, Benderson never had his doubts -- even though the project is beyond his usual retail project. After returning to Buffalo, Benderson's father-in-law convinced him to come to work for him, making $100 a week. He sold fireworks for Fourth of July. His rise to the status of one of the worlds wealthiest people is a direct result of this success. Reserved, patient and congenial,12th Judicial Circuit Chief Judge Charles Williams, 58, is an influential broker in the court system and a trusted voice in community race relations. Address: 144 Osprey Point Dr Osprey, FL, 34229. . Financing ability: "Supported by its substantial net worth, extensive holdings and long-term track record, Benderson enjoys an excellent relationship with 90 present lenders. Retailers faced a wide range of challenges in 2022. Isaac Benderson was strict, never giving Nathan the 10-cent admission to Saturday matinees, so Nathan walked a mile to the Utica Avenue theaters, picking up pennies from tin cans at newspaper stands along the way. He and partner Phil Mancini have created a catering empire in this very social city, and lately Klauber has been channeling his nonstop enthusiasm and energy into serving as auctioneer at fund raisers, too. Under terms of the absolute net lease deal, Portland-based Fred Meyer and Kroger will cover all operating expenses associated with the stores. 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. Power seems more diffuse today. The Jewish Community Center also named a campus after him in Amherst. talladega high school basketball. 1801 Military Trail: started 1999; $12.0 million; Guaranty Federal Bank. But Benderson, who moved his headquarters to Manatee County nearly four years ago, does nothing to trumpet that scope. georgia forensic audit pulitzer; pelonis box fan manual The towns most controversial public figure. Potential developers: Ersa Grae Corp., Houston; Kraft Construction Co. Inc., Naples; and The ADP Group Inc., Sarasota. If theres one thing Randy Bendersoninherited from his late father, real estate powerhouse Nathan Benderson, it would be his passion and impressive work ethic. 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. Benderson Development has an overall rating of 4.6 out of 5, based on over 36 reviews left anonymously by employees. "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.". He would rather walk a few blocks than feed a parking meter. A driving force in creating the Florida Winefest and Forks & Corks events, hes now volunteer chairman of Bayfront 20:20, seeking to create a long-term master plan for 42 acres of prime Sarasota bayfront. 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 322-home subdivision conserved 213 acres of dwindling farmland and made a significant profit. He recently announced plans to build attainable downtown apartments renting from $1,000 to $2,000 a month. "More people thought we were going to go broke than thought we would become successful," Benderson said. 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. Randy Benderson understands that people make a company successful. 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. Arcadia partnered with the owner, the Pitcairn Trust. 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. "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. benderson family net worth. To this day, Randy Benderson continues to honor and support the charitieshis great father had cared about, taking them up as his own. This way, we can do our own thing and make our own mistakes, and nobody can criticize what we do. "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. Hes passionate and eloquent about civic issues, but not always ultra-serious; he and his wife Dru watch a movie almost every night and are fantastic Cajun dancers. Schooled during the Depression, Mr. Benderson was cautious in his projects and didn't build lavish buildings. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. 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. Met Life was pleased enough that it ordered another dozen buildings during the next few years, trusting Benderson to get them done. or joint net worth with the person's spouse, that exceeds $1 million at the time of such person's .
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