Shorenstein Properties


Shorenstein is a real estate investment company that owns interests in of office space, including of space in San Francisco, where it is one of the city's largest office landlords. The company has sponsored 11 real estate funds with total equity commitments of $7.9 billion, including $648.5 million from the company.

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 and Douglas Shorenstein died at age 60 of cancer in 2015.
In 2007, the company acquired $1 billion worth of property in Portland, Oregon from EQ Office.
In 2012, a fund managed by the company acquired 350 North Orleans and in 2015, it sold the property to EQ Office for $378 million.
In January 2014, the company acquired 1-3 Center Plaza in Boston from EQ Office for $307 million.
In January 2016, a fund managed by the company acquired Bank of America Plaza, the tallest building in Georgia.
In February 2018, the company acquired Capella Tower for $255 million.
On 21 October 2019, the company confirmed the purchase of a 450,000-square-foot commercial office property from Westcore Properties at 6800 Solectron Drive in Charlotte.