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Shorenstein Properties
American real estate investment firm From Wikipedia, the free encyclopedia
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Shorenstein is a real estate investment company based in San Francisco that owns interests in 23 million square feet (2.1×106 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]
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History
In 1946, after being discharged from the military, Walter Shorenstein joined Milton Meyer & Company, which was later renamed Shorenstein Company.[citation needed]
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]
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References
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