Douglas W. Shorenstein
Douglas W. Shorenstein | |
---|---|
Born | University of California, Hastings College of the Law | February 10, 1955
Occupation | Real estate development |
Known for | Chairman of the board of directors of the Federal Reserve Bank of San Francisco CEO of Shorenstein Properties |
Spouse | Lydia Preisler |
Children | 3 |
Parent(s) | Phyllis Finley Shorenstein Walter Shorenstein |
Family | Carole Shorenstein Hays (sister) Joan Shorenstein (sister) |
Douglas W. Shorenstein (February 10, 1955 – November 24, 2015) was a San Francisco-based real estate developer[1][2] and former chairman of the board of directors of the Federal Reserve Bank of San Francisco.[3]
Early life and education
Shorenstein was one of three children born, in
Career
In 1980, he moved to
In 1991, Shorenstein Properties started its first closed-end fund tasked with making real estate investments nationally and requiring a minimum $25 million investment and a 20-year commitment.[8] The fund had six partners, one of which was Shorenstein, and totaled $150 million.[13] After the death of his father, he bought out his sister's interest and shifted the company to a pure fund platform with each fund typically being composed of 10-15% of his own money.[8]
Shorenstein Properties, via twelve closed-end real estate funds, owns and manages 23 million square feet of office properties throughout the United States.[14]
In 2007, he was appointed to the board of the Federal Reserve Bank of San Francisco; in 2010, he was elevated to deputy chairman; and in 2011, he was appointed chairman.[15]
Philanthropy and board memberships
Shorenstein served on the board the
Personal life
Shorenstein was married to Lydia Preisler;[17] they had 3 children: a son, Brandon, and two daughters, Sandra and Danielle.[18] He was a practitioner of yoga and was a collector of Southeast Asian and Nepalese art with an emphasis on Khmer and Cambodian pieces.[13] He and his wife were members of the Congregation Emanu-El (San Francisco).[19] Shorenstein died due to cancer on November 24, 2015.[3][9]
References
- ^ New York Times: "San Francisco's Goldilocks Market" By TERRY PRISTIN March 23, 2005
- ^ San Francisco Business Times: "Q&A with Douglas Shorenstein - From views to bike shops" by J.K. Dineen Nov 2, 2012
- ^ a b San Francisco Chronicle: "San Francisco real estate giant Douglas Shorenstein dies" By J.K. Dineen November 25, 2015
- ^ In Memoriam: Doug Shorenstein
- ^ Robert Selna (2010-06-24). "Street-smart developer shaped S.F. skyline". San Francisco Chronicle.
- ^ New York Times: "Phyllis Shorenstein, 76, Patron Of Asian Arts in San Francisco" By KATHLEEN TELTSCH June 24, 1994
- ^ San Francisco Gate: "Second Acts / San Francisco's Carole Shorenstein Hays has built a career on Broadway by taking calculated risks" by Steven Winn October 31, 2004
- ^ a b c d e f Pension & Investment Research Center: "On solid ground: Face to Face with Douglas W. Shorenstein" By Arleen Jacobius June 12, 2006
- ^ a b c McDermid, Riley (November 25, 2015). "San Francisco real estate tycoon Doug Shorenstein has died". American City Business Journals.
- ^ MCLELLAN, DENNIS (June 26, 2010). "Walter H. Shorenstein dies at 95; Democratic Party fundraiser and San Francisco real estate mogul". Los Angeles Times.
- ^ Forbes The World's Billionaires: Shorenstein family Nov 2015
- ^ National Real Estate Investor: "Top 25 Office Owners" July 1, 2007
- ^ a b San Francisco Gate: "On the Record: Doug Shorenstein" June 29, 2003
- ^ "Shorenstein Properties: "About Us"". Shorenstein Properties.
- ^ a b Federal Reserve bank of San Francisco: "Douglas W. Shorenstein Designated Chairman of the Federal Reserve Bank of San Francisco Board of Directors; Patricia E. Yarrington Designated Deputy Chair for 2011" July 23, 2010
- ^ Politico: "Bob Schieffer to Harvard's Kennedy School" By Dylan Byers June 2, 2015
- ^ New York Times: "Paid Notice: Deaths - PREISLER, SIMON September 14, 2005
- ^ "Shorenstein". Archived from the original on 2013-11-01. Retrieved 2013-10-30.
- ^ Congregation Emanu-El website Archived November 1, 2013, at the Wayback Machine