Douglas W. Shorenstein facts for kids
Quick facts for kids
Douglas W. Shorenstein
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| Born | February 10, 1955 |
| Died | November 24, 2015 (aged 60) |
| Nationality | American |
| Education | B.A. University of California, Berkeley J.D. University of California, Hastings College of the Law |
| 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(s) | Lydia Preisler |
| Children | 3 |
| Parent(s) | Phyllis Finley Shorenstein Walter Shorenstein |
| Family | Carole Shorenstein Hays (sister) Joan Shorenstein (sister) |
Douglas W. Shorenstein (born February 10, 1955 – died November 24, 2015) was an important American businessman. He was known for developing real estate in San Francisco. He also led the Federal Reserve Bank of San Francisco for a time.
Early Life and Education
Douglas Shorenstein was born in San Francisco, California, on February 10, 1955. His parents were Walter Shorenstein, a real estate developer, and Phyllis Finley. Douglas had two sisters, Carole Shorenstein Hays and Joan Shorenstein. Joan later became a news producer and journalist.
Douglas went to the University of California, Berkeley, where he earned a bachelor's degree. He then studied law at the University of California, Hastings College of the Law.
Career in Real Estate
In 1980, Douglas moved to New York City. For three years, he worked as a lawyer, focusing on real estate. In 1983, he moved back to San Francisco. He joined his father's company, Shorenstein Properties, which built and managed buildings.
In 1995, Douglas became the chairman and CEO of the company. He helped the company grow a lot. It changed from a local business to a national one. Under his leadership, Shorenstein Properties owned more than 70 buildings in 13 different cities. By 2006, it was one of the largest owners of office buildings in the United States.
In 1991, Shorenstein Properties started a special type of investment fund. This fund helped the company make big real estate investments across the country. After his father passed away, Douglas bought out his sister's share of the company. He then focused the company on these investment funds. Today, Shorenstein Properties owns and manages many office buildings across the United States through these funds.
In 2007, Douglas was asked to join the board of the Federal Reserve Bank of San Francisco. This bank is part of the United States' central banking system. In 2010, he became the deputy chairman. The next year, in 2011, he was appointed chairman of the board.
Giving Back to the Community
Douglas Shorenstein was involved with many important groups. He served on the board of the Environmental Defense Fund, which works to protect the environment. He was also part of the University of California, San Francisco Medical Center.
He supported the Joan Shorenstein Center on the Press, Politics and Public Policy at Harvard University. This center was named in honor of his late sister, Joan. In 2013, he started the Walter Shorenstein Media and Democracy Fellow at the same center, honoring his father.
In 2011, Douglas was recognized for his achievements. He was inducted into the Bay Area Business Hall of Fame. This honor celebrates people who have helped businesses in the San Francisco Bay Area become well-known.
Personal Life
Douglas Shorenstein was married to Lydia Preisler. They had three children: a son named Brandon, and two daughters, Sandra and Danielle.
He enjoyed practicing yoga. He also collected art from Southeast Asia and Nepal, especially pieces from the Khmer and Cambodian cultures. Douglas Shorenstein passed away on November 24, 2015, due to cancer.
