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]
| Company type | Private |
|---|---|
| Predecessor | Milton Meyer & Company |
| Founder | Walter Shorenstein |
| Headquarters | San Francisco |
Key people | Brandon J. Shorenstein, (Chairman & CEO) Glenn A. Shannon, (Vice-Chairman Charles W. Malet, (President and Chief Investment Officer) |
| Website | www |
| Footnotes / references [1] | |
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
editIn 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]
References
edit- ^ a b "Shorenstein: COMPANY OVERVIEW" (PDF). Shorenstein.
- ^ "Shorenstein: Investment Activities". Shorenstein.
- ^ 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.
- ^ MCLELLAN, DENNIS (June 26, 2010). "Walter H. Shorenstein dies at 95; Democratic Party fundraiser and San Francisco real estate mogul". Los Angeles Times.
- ^ McDermid, Riley (November 25, 2015). "San Francisco real estate tycoon Doug Shorenstein has died". American City Business Journals.
- ^ 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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