Shorenstein
TypePrivate
PredecessorMilton Meyer & Company
FounderWalter Shorenstein
HeadquartersSan Francisco
Key people
Brandon J. Shorenstein, (Chairman & CEO)
Glenn A. Shannon, (Vice-Chairman
Charles W. Malet, (President and Chief Investment Officer)
Websitewww.shorenstein.com
Footnotes / references
[1]

Shorenstein is a real estate investment company based in San Francisco that owns interests in 23 million square feet (2.1×10^6 m2) of office space throughout the United States.[1] 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.[2]

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.[3]

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[4] and Douglas Shorenstein died at age 60 of cancer in 2015.[5] 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.[6]

References

  1. 1 2 "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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