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Maggie Bender-Johnson named President of Warren G. Bender Co.

Third generation to lead independent, family-owned insurance agency through next phase of growth

SACRAMENTO, CA — Warren G. Bender Co., one of the largest independent and family-owned insurance brokerages in the Sacramento region, announced today that Maggie Bender-Johnson, Vice President of Operations, was selected by the Board of Directors to assume the role of President, effective immediately. Bender-Johnson has been a part of Warren G. Bender since 2005 and has played an active role in helping guide the Company’s succession plan over the past seven years. Her father, Stephen Bender, who formerly was president and CEO, will remain the company’s CEO.

Bender-Johnson is the third generation of her family to serve as president of the company, founded in 1938 by Warren G. Bender. The company has carefully followed a succession plan for continued success and growth and Bender-Johnson has been an essential part of it in preparation for her role as president.

Stephen Bender said it was a good time to make the transition. “Maggie’s appointment and this transition are exciting milestones in a succession plan that we have been working on for seven years,” said Stephen Bender, CEO of Warren G. Bender. “Maggie has been an integral part of the company since she joined the firm in 2005, and there’s no one more qualified than she is to preserve the reputation, culture and values of the company – not only for today but for generations to come.”

TWEET THIS: Warren G. Bender (@WGBCO) names Maggie Bender-Johnson as President #SacramentoBusiness #insurance https://ctt.ec/d4fwM+

Bender-Johnson graduated from the University of San Francisco and later earned an MBA from California State University, Sacramento. She has worked in a wide range of positions within the company, learning all of its business practices from the ground up. Most recently, she served as Vice President of Operations and is a partner in the company.
“I’m eager and excited to lead Warren G. Bender into its next 80 years and I’m honored to have this opportunity to further grow the company,” Bender-Johnson said. “Under the leadership of my father and grandfather, the company has experienced tremendous growth and success, and I am focused on continuing that legacy for years to come.”

“I can assure our clients that they will continue to enjoy the Bender experience,” Bender-Johnson continued. “We will build on the best; continue to preserve our culture and values; and embrace change and technology like never before.”

With only about 12 percent of family businesses surviving into the third generation under family leadership, Warren G. Bender has proven itself as a thriving, professionally-run family business that’s poised to succeed for many years to come.

Bender-Johnson is active in several community organizations, including the Leukemia and Lymphoma Society, the Roseville Chamber of Commerce, the Capital Region Family Business Center, Soroptimists of Sacramento, Toastmasters, and the Placer County SPCA. She is an avid hiker and lives in Nevada County with her husband, Fergus – a Sacramento city firefighter – and their four dogs: Fonzie, Chewbacca, Lando and Worf.

ABOUT WARREN G. BENDER COMPANY
Founded in 1938, Warren G. Bender Company is one of Northern California’s largest independent insurance brokerages. Headquartered in the Sacramento region and serving clients throughout the Western United States, the company focuses on enhancing and influencing strategies to support the growth and success of its clients. Warren G. Bender offers a comprehensive suite of business and personal insurance products such as commercial insurance, surety bonds, homeowners insurance and auto insurance; specializing in an array of industries including construction, commercial real estate, healthcare, manufacturing, technology, agriculture and much more. Family-owned for 80 years, the company’s mission is to provide protection, superior service and education to those who matter most, their clients. For additional information, please visit www.wgbender.com or call (916) 380-5300.

MEDIA CONTACTS
Jillian Bender-Cormier jbender@wgbender.com
Warren G. Bender Co. (916)380-5385

Filed under: Recent Headlines — Jillian Bender-Cormier @ 5:53 pm January 24, 2018


Introducing ALICE (Active Shooter Defense) Training at Warren G. Bender Co.

OVER 80% OF ACTIVE SHOOTER INCIDENTS OCCUR AT WORK
According to the FBI, 160 active shooter incidents occurred in the United States between 2000 and 2013. Over 80 percent (132) of those incidents occurred at a place of work.

WE TAKE SAFETY TRAINING TO THE NEXT LEVEL FOR OUR CLIENTS
Warren G. Bender Co. has invested in specific training for you and your team called ALICE (Alert, Lockdown, Inform, Counter, Evacuate). This training provides preparation and a plan for individuals and organizations on how to proactively handle the threat of an aggressive intruder or active shooter event. Whether it is an attack by an individual person or by an international group of professionals intent on conveying a political message through violence, ALICE Training option-based tactics have become the accepted response, versus the traditional “lockdown only” approach.

ENROLL IN OUR TRAINING TODAY
Protection and safety must be the priority in an Active Shooter event or Terrorist Attack. Circumstantial and operational concerns vary in every new situation. ALICE Training provides options that address the unique challenges specific to your business. We’re offering this training at a 40% discount at $9 per employee.

OPT TO BE PREPARED FOR THIS EVER-GROWING THREAT TO OUR BUSINESSES AND FAMILIES
Don’t be in denial that your place of work and the people within it are exempt from an active shooter occurrence. Take advantage of the WGBCO ALICE training and show your team that you take their safety seriously.

CONTACT JACKIE SUDIA TO GET STARTED
916-380-5333 (direct)
jsudia@wgbender.com
Cost: $9 per employee (40% off)

Filed under: Recent Headlines,Safety — Jillian Bender-Cormier @ 12:54 am November 7, 2017


Eskaton Foundation Names Stephen Bender CEO of the Year

Stephen Bender, President and CEO of the Warren G. Bender Co., was recently named CEO of the Year at an Eskaton Foundation gala attended by more 300 executives. The annual Eskaton Foundation Celebration of CEOs was held at a Crocker Road estate in Sacramento, CA.

Using the criteria of “Community-minded, Engaged, and One-of-a-Kind,” the selection committee selected Bender, one of the region’s most esteemed CEO’s, because of his longstanding belief in giving back, his engagement in the community, and his one-of-a-kind spirit. “I can’t think of anyone more passionate about the value of philanthropy in this community. He is empowering, and his endearing demeanor is contagious and commands respect,” said Kim Rhinehelder, President of Eskaton Foundation. “He is always the first to pick up the phone to say ‘Good job.’ We’re lucky Stephen is part of this community.”

Founded in 1938 by Warren G. Bender, the family-owned business prides itself on the simple foundation of honesty and integrity. Stephen Bender joined the company in 1972, became President in 1986, then CEO in 2003. As CEO, he is dedicated to instituting the founding values of the Warren G. Bender Co. and achieving the vision set forth by its owners and employees: To be the finest, independent, locally owned insurance and risk management brokerage in its marketing region, serving the best interests of its clients and communities.

Guests at the Eskaton Foundation event explored information tables that showcased the foundation’s programs and services. Rob Stewart, KVIE’s Rob on the Road producer and host, addressed the audience with his light humor and belief that seniors matter. “Serving as the keynote for this outstanding organization, especially because their mission serves seniors, was important to me,” said Stewart. “Seniors are the strongest generation, yet often forgotten, and if I can be a change-agent, I’m happy to do so.”

Eskaton Foundation’s Philanthropic Partner Program creates meaningful partnerships with companies that help reach target audiences, engage employees through volunteerism and deepen relationships with customers while meeting corporate citizenship goals.

About Eskaton Foundation
Eskaton Foundation believes that seniors are visible, not invisible. It believes that seniors can grow older and bolder as they age. With only 2% of all giving in the United States directed towards senior causes, Eskaton Foundation is aiming to change that. It believes seniors matter. For more information, please call (916) 334-0810, or visit http://www.eskaton.org/foundation.

The full article can be found at http://www.prweb.com/releases/eskatonfoundation/celebrationofceos/prweb14414953.htm

Filed under: Recent Headlines — Jillian Bender-Cormier @ 6:03 pm June 28, 2017


Sacramento Rental Market Q & A

For the month of April, we focused on all things real estate. From safety to important coverages to consider and the current state of our developing urban core. We had the pleasure of sitting down with Julia Freeland, Sacramento IREM Association Executive, to get her perspective on the current situation surrounding our local rental market.

What are you seeing in the rental housing market in Sacramento for the first quarter of 2016?

The rental housing market in Sacramento remains one of the top markets in the United States right now. Limited housing stock keeps driving up rent, especially in the midtown/downtown area where the new Golden 1 Center has sparked a lot of economic activity. (more…)

Filed under: Real Estate/Property Management,Recent Headlines — Jillian Bender-Cormier @ 1:18 pm April 29, 2016


Activity in Sacramento’s “Urban Core”

Activity in the urban core (Downtown, Midtown and East Sacramento) has been strong from both a sale and lease perspective.

Of course, leasing drives the bus in commercial real estate whether its office, retail or multi-family residential and leasing in all of these categories has been better than ever. We are seeing comparable lease rates for Office Space approaching record highs (exceeding in very specific instances) in all class categories (A, B and C). Vacancy rates in Midtown and the R Street business district are virtually non-existent. Exposed, authentic spaces are in high demand and spaces meeting that description downtown are pushing rents upwards of $3.00 per sf. Even Midtown is attracting rents of $2.75 per sf and higher for well designed, open space in fully improved condition.

Much of this demand is a result of the excitement generated by the new Golden 1 Center (the new Entertainment and Sports Center) located on K Street between 7th and 3rd Streets. This demand, however, is as much a derivative of the retail activation generated by the Golden 1 Center as it is the center itself. Historically leasing demand in the downtown grid has been driven by Government, Legal, Finance and Real Estate related professions. Demand for Midtown space has historically been driven by local professionals, real estate development related firms and some high-tech. Today we are seeing demand from virtually every business sector seeking to compete for top young professional talent. Businesses are realizing that quality of life in the work environment may be the key variable in selecting which firm to work for young millennials in high demand. The amenity rich and ergonomically sensitive Midtown and Downtown submarkets provide the most desirable environments in the region. We are seeing that employers are demonstrating a willingness to pay a premium for well-designed space in great locations within these districts.

As a result of the increased retail amenities as well as continued relocation and expansion of top professional firms to the urban core we are seeing dramatic increases in residential migration to these same submarkets. Virtually every multi-family property owner from duplexes to 170 unit apartment complexes have waiting lists. Vacancies are immediately responded to with multiple offers.

Leasing demand has led to equally (if not more) active investment demand for available properties within these markets. Any cash flowing leased investment is attracting multiple offers at record low Capitalization Rates and even dilapidated restoration projects are getting more attention and higher pricing than ever. Virtually all meaningful land in Midtown and Downtown is in contract or recently sold. Interestingly, almost all of this land is being purchased to develop multi-family projects. Almost all proposed projects are stick frame over concrete podium construction. Even though activity has increased dramatically and rents are approaching record highs, the cost of construction inclusive of Title 24 standards and current California Code Compliance has risen even more dramatically and the only new projects that “pencil” are stick frame multi-family housing. Even then, the economic underwriting is heavily predicated on current rents, interest rates in the low to mid 3% range and disposition Capitalization Rates in the 4 – 4 ½% range. These disposition rates allow developers the latitude to stabilize projects at sub 7% returns and still exit with a handsome profit. Even record low Cap Rates for office product in the midtown and R Street corridor markets are not enough to offset construction and stabilization costs at current lease rents and land pricing.

Once rents (either retail or office) can consistently exceed $2.25 per sf NNN additional new construction should become economically viable.

Ken Turton
Principal – Lic. #01219637

Turton Commercial Real Estate
2409 L Street
Suite 200
Sacramento, CA 95816
D: 916.573.3300
C: 916.505.8288
F: 916.471.0290
E: kenturton@turtoncom.com
W: www.turtoncom.com

Filed under: Blog,Real Estate/Property Management,Recent Headlines — Jillian Bender-Cormier @ 1:36 pm April 20, 2016