Shorenstein Properties

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.^{[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