Shorenstein is a real estate investment company based in San Francisco that owns interests in 23 e6sqft 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
- Shorenstein: COMPANY OVERVIEW Shorenstein^
- Shorenstein: Investment Activities Shorenstein^
- Ashley Capoot. Musk's Twitter reportedly hasn't paid rent on its office spaces for weeks CBS News, 2022-12-13, retrieved 2022-12-31^
- DENNIS MCLELLAN. Walter H. Shorenstein dies at 95; Democratic Party fundraiser and San Francisco real estate mogul Los Angeles Times, June 26, 2010^
- Riley McDermid. San Francisco real estate tycoon Doug Shorenstein has died American City Business Journals, November 25, 2015^
- John Gittelsohn. LA’s Third-Tallest Tower Sells for 45% Below 2014 Price Bloomberg.com, 23 December 2023, retrieved 23 December 2023^