Walter Shorenstein joined the brokerage firm Milton Meyer & Company in 1946 after being discharged from military service as a Major. In 1951, he was made a partner in the firm, and in 1953 he was named a “Leader of Tomorrow” by Time Magazine. By 1960, Mr. Shorenstein had become president and sole owner of Milton Meyer & Company (which was subsequently renamed Shorenstein Company). Under his leadership, Shorenstein Company became the largest owner and operator of Class A office buildings in San Francisco, and forged lasting relationships with institutional partners such as IBM, Bechtel, MetLife and Bank of America. After Mr. Shorenstein stepped back from day-to-day management of the company in the early 1990s, his deep experience continued to offer the company an important source of strategic guidance and advice. In recognition of his business accomplishments and his contributions to the civic life of the Bay Area, Mr. Shorenstein was inducted into the University of Southern California’s Real Estate Hall of Fame in 1997, and the Bay Area Council’s Business Hall of Fame in 1998.
Mr. Shorenstein demonstrated his interest in building a better community and nation through his philanthropic and political activities. He was a steadfast supporter of the Democratic Party, and in 1997 received the Democratic National Committee’s Lifetime Achievement Award. Mr. Shorenstein was an advisor to Presidents Lyndon Johnson, Jimmy Carter, and Bill Clinton.
In 1993, Mr. Shorenstein played a major role in forming an investor group to retain the San Francisco Giants when they were considering a move to Florida, in 1995, Mr. Shorenstein chaired the United Nations 50th Anniversary Charter Commemorative Celebration in San Francisco, and in 2009 Mr. Shorenstein worked with the Clinton Global Initiative to support the recovery of New Orleans’ Broadmoor neighborhood following Hurricane Katrina.
In memory of his daughter Joan, Mr. Shorenstein and his late wife, Phyllis, founded the Shorenstein Center on Media, Politics and Public Policy at Harvard’s Kennedy School of Government. He also sponsored the Shorenstein Initiative at Stanford University’s Asia/Pacific Research Center, as well as programs at UC Berkeley’s Institute of East Asian Studies.
Doug Shorenstein joined the family business in 1983 and became chairman and chief executive officer in 1995. Under his leadership, the company evolved from a San Francisco-focused real estate operating company into a real estate investment, development and management company active throughout the United States.
Mr. Shorenstein supported numerous civic and philanthropic causes and served on the board of many such institutions, including Environmental Defense Fund, UCSF Medical Center, The Real Estate Roundtable, Shorenstein Center on Media, Politics and Public Policy at Harvard’s Kennedy School of Government, Vanderbilt University, and Yale School of Management.
In 1993, Mr. Shorenstein worked closely with his father in forming an investor group to retain the San Francisco Giants when they were considering a move to Florida.
In 2007, Mr. Shorenstein was elected to the board of the Federal Reserve Bank of San Francisco, and served as its chairman in 2011 and 2012.
Working with the Environmental Defense Fund, in 2013, Mr. Shorenstein established the Building Energy Initiative which created a replicable model for building owners to cost-effectively identify and implement energy management practices that drive both costs savings and emissions reductions.
In recognition of his business accomplishments and his contributions to the civic life of the Bay Area, Mr. Shorenstein was inducted into the Bay Area Council’s Business Hall of Fame in 2011.
In memory of his father, Mr. Shorenstein and his wife, Lydia, established the Walter Shorenstein Media and Democracy Fellowship at the Shorenstein Center on Media, Politics and Public Policy at Harvard’s Kennedy School of Government.
Prior to joining Shorenstein, Mr. Shorenstein worked as a real estate attorney with the law firm of Shearman & Sterling LLP in New York.
Mr. Shorenstein graduated from University of California at Berkeley with a B.A., and from University of California, Hastings College of the Law with a J.D.