Real-estate titan talks tech and real-estate

Shorenstein Properties CEO Doug Shorenstein explains the changing face of real-estate and technology in San Francisco.

Real Estate Titan Doug Shorenstein on the SF Market: Everything is Cyclical

By Industries FOXBusiness

The real estate market in San Francisco has never been hotter … but real-estate heavyweight Doug Shorenstein says it won’t last forever.

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“In our business, everything is cyclical,” said Shorenstein in an interview with FBN’s Deirdre Bolton. Shorenstein is CEO of Shorenstein Properties, the company that turned a furniture wholesale mart into Twitter’s headquarters in San Francisco’s SoMa neighborhood.

Given that Shorenstein Properties’ business is 90% commercial – and a lot of the tenants in San Francisco, New York City and even cities like Austin are tech companies – Shorenstein would undoubtedly be affected if a tech bubble did indeed burst.

“We’ve been through many cycles and every cycle you protect yourself the same way,” said Shorenstein, citing longer-term leases as one strategy.

For more on Shorenstein’s third-generation real estate business and what the hottest tech companies are looking for, watch the full interview above.

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