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Shorenstein Properties

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American real estate investment firm
Shorenstein
Company typePrivate
PredecessorMilton Meyer & Company
FounderWalter Shorenstein
HeadquartersSan Francisco
Key peopleBrandon J. Shorenstein, (Chairman & CEO)
Glenn A. Shannon, (Vice-Chairman
Charles W. Malet, (President and Chief Investment Officer)
Websitewww.shorenstein.com
Footnotes / references

Shorenstein is a real estate investment company based in San Francisco that owns interests in 23 million square feet (2.1×10^ m) of office space throughout the United States. The company has sponsored twelve closed-end real estate funds, with total equity commitments of $8.8 billion, including $723.5 million from the company.

The main office of the social media company Twitter at 1355 Market Street, San Francisco, belongs to Shorenstein, as was reported when Twitter was in arrear for paying rent.

History

In 1946, after being discharged from the military, Walter Shorenstein joined Milton Meyer & Company, which was later renamed Shorenstein Company.

In the early 1990s, Walter Shorenstein stepped back from day-to-day operations of the company. His son, Douglas W. Shorenstein, became chief executive officer of the company in 1995. Walter Shorenstein died in 2010 at age 95 and Douglas Shorenstein died at age 60 of cancer in 2015. In 2020, Brandon Shorenstein, Doug's son, was named chairman and CEO.

Shorenstein, purchased the Aon Center in 2014, and sold the building to a consortium of investors including Carolwood in December 2023.

References

  1. ^ "Shorenstein: COMPANY OVERVIEW" (PDF). Shorenstein.
  2. "Shorenstein: Investment Activities". Shorenstein.
  3. Capoot, Ashley (2022-12-13). "Musk's Twitter reportedly hasn't paid rent on its office spaces for weeks". CBS News. Retrieved 2022-12-31.
  4. MCLELLAN, DENNIS (June 26, 2010). "Walter H. Shorenstein dies at 95; Democratic Party fundraiser and San Francisco real estate mogul". Los Angeles Times.
  5. McDermid, Riley (November 25, 2015). "San Francisco real estate tycoon Doug Shorenstein has died". American City Business Journals.
  6. Gittelsohn, John (23 December 2023). "LA's Third-Tallest Tower Sells for 45% Below 2014 Price". Bloomberg.com. Retrieved 23 December 2023.
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