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Investments in Unconsolidated Joint Ventures (Tables)
 12 Months Ended
Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]  
Investments In Unconsolidated Joint Ventures
The investments in unconsolidated joint ventures consist of the following at December 31, 2020 and December 31, 2019:
 Carrying Value of Investment (1)
EntityPropertiesNominal %
Ownership		December 31,
2020		December 31,
2019
(in thousands)
Square 407 Limited PartnershipMarket Square North50.0 %$(3,766)$(4,872)
BP/CRF Metropolitan Square, LLC
Metropolitan Square20.0 %(13,584)9,134 
901 New York, LLC901 New York Avenue25.0 %(2) (12,264)(12,113)
WP Project Developer LLC
Wisconsin Place Land and Infrastructure
33.3 %(3) 35,297 36,789 
Annapolis Junction NFM LLCAnnapolis Junction50.0 %(4) 13,463 25,391 
540 Madison Venture LLC540 Madison Avenue60.0 %(5) 122 2,953 
500 North Capitol Venture LLC500 North Capitol Street, NW30.0 %(6,945)(5,439)
501 K Street LLC
1001 6th Street
50.0 %(6) 42,499 42,496 
Podium Developer LLCThe Hub on Causeway - Podium50.0 %48,818 49,466 
Residential Tower Developer LLCHub50House50.0 %50,943 55,092 
Hotel Tower Developer LLC
The Hub on Causeway - Hotel Air Rights
50.0 %10,754 9,883 
Office Tower Developer LLC100 Causeway Street50.0 %56,312 56,606 
1265 Main Office JV LLC1265 Main Street50.0 %3,787 3,780 
BNY Tower Holdings LLCDock 72 50.0 %29,536 94,804 
BNYTA Amenity Operator LLC Dock 72 50.0 %1,846 N/A
CA-Colorado Center Limited Partnership
Colorado Center50.0 %227,671 252,069 
7750 Wisconsin Avenue LLC 7750 Wisconsin Avenue 50.0 %58,112 56,247 
BP-M 3HB Venture LLC3 Hudson Boulevard25.0 %113,774 67,499 
SMBP Venture LPSanta Monica Business Park55.0 %145,761 163,937 
Platform 16 Holdings LPPlatform 1655.0 %(7)108,393 29,501 
Gateway Portfolio Holdings LLCGateway Commons50.0 %(8)336,206 N/A
Rosecrans-Sepulveda Partners 4, LLCBeach Cities Media Campus50.0 %27,184 N/A
$1,273,919 $933,223 
 _______________
(1)Investments with deficit balances aggregating approximately $36.6 million and $22.4 million at December 31, 2020 and 2019, respectively, are included within Other Liabilities in the Company’s Consolidated Balance Sheets.
(2)The Company’s economic ownership has increased based on the achievement of certain return thresholds. At December 31, 2020 and 2019, the Company’s economic ownership was approximately 50%.
(3)The Company’s wholly-owned subsidiary that owns Wisconsin Place Office also owns a 33.3% interest in the joint venture entity that owns the land, parking garage and infrastructure of the project.
(4)The joint venture owns two in-service buildings.
(5)The property was sold on June 27, 2019. As of December 31, 2020 and 2019, the investment consisted of undistributed cash.
(6)Under the joint venture agreement for this land parcel, the partner will be entitled to up to two additional payments from the venture based on increases in total entitled square footage of the project above 520,000 square feet and achieving certain project returns at stabilization.
(7)This entity is a VIE (See Note 1).
(8)As a result of the partner’s deferred contribution, the Company owns an approximately 55% interest in the joint venture at December 31, 2020. Future development projects will be owned 49% by the Company and 51% by its partner.
Schedule Of Balance Sheets Of The Unconsolidated Joint Ventures [Text Block]
The combined summarized balance sheets of the Company’s unconsolidated joint ventures are as follows: 
December 31,
2020		December 31,
2019
 (in thousands)
ASSETS
Real estate and development in process, net (1)$4,708,571 $3,904,400 
Other assets531,071 502,706 
Total assets$5,239,642 $4,407,106 
LIABILITIES AND MEMBERS’/PARTNERS’ EQUITY
Mortgage and notes payable, net$2,637,911 $2,218,853 
Other liabilities (2)650,433 749,675 
Members’/Partners’ equity1,951,298 1,438,578 
Total liabilities and members’/partners’ equity$5,239,642 $4,407,106 
Company’s share of equity$936,087 $591,905 
Basis differentials (3)337,832 341,318 
Carrying value of the Company’s investments in unconsolidated joint ventures (4)$1,273,919 $933,223 
 _______________
(1)At December 31, 2020 and 2019, this amount included right of use assets - finance leases totaling approximately $248.9 million and $383.9 million, respectively, and right of use assets - operating leases totaling approximately $22.5 million and $12.1 million, respectively.
(2)At December 31, 2020 and 2019, this amount included lease liabilities - finance leases totaling approximately $388.7 million and $510.8 million, respectively, and lease liabilities - operating leases totaling approximately $29.0 million and $17.3 million, respectively.
(3)This amount represents the aggregate difference between the Company’s historical cost basis and the basis reflected at the joint venture level, which is typically amortized over the life of the related assets and liabilities. Basis differentials result from impairments of investments, acquisitions through joint ventures with no change in control and upon the transfer of assets that were previously owned by the Company into a joint venture. In addition, certain acquisition, transaction and other costs may not be reflected in the net assets at the joint venture level. At December 31, 2020 and 2019, there was an aggregate basis differential of approximately $307.3 million and $311.3 million, respectively, between the carrying value of the Company’s investment in the joint venture that owns Colorado Center and the joint venture’s basis in the assets and liabilities. At December 31, 2020, there was an aggregate basis differential of approximately $51.9 million between the carrying value of the Company’s investment in the joint venture that owns Gateway Commons and the joint venture’s basis in the assets and liabilities. At December 31, 2020, there was an aggregate basis differential of approximately $(52.2) million between the carrying value of the Company’s investment in the joint venture that owns Dock 72 and the joint venture’s basis in the assets and liabilities. These basis differentials (excluding land) will be amortized over the remaining lives of the related assets and liabilities.
(4)Investments with deficit balances aggregating approximately $36.6 million and $22.4 million at December 31, 2020 and 2019, respectively, are reflected within Other Liabilities in the Company’s Consolidated Balance Sheets.
Statements Of Operations Of The Joint Ventures
The combined summarized statements of operations of the Company’s unconsolidated joint ventures are as follows: 
 Year ended December 31,
 202020192018
 (in thousands)
Total revenue (1)$319,560 $322,817 $271,951 
Expenses
Operating144,347 122,992 106,610 
Transaction costs1,027 1,000 — 
Depreciation and amortization (2)141,853 102,296 103,079 
Total expenses287,227 226,288 209,689 
Other income (expense)
Interest expense(98,051)(84,409)(71,308)
Gains on sales of real estate (3)11,737 32,706 16,951 
Net income (loss)$(53,981)$44,826 $7,905 
Company’s share of net income (loss)$(16,256)$24,423 $8,084 
Impairment loss on investment (4)(60,524)— — 
Basis differential (3)(4)(5)(8,330)22,169 (5,862)
(Loss) income from unconsolidated joint ventures$(85,110)$46,592 $2,222 
_______________ 
(1)Includes straight-line rent adjustments of approximately $(10.1) million, $32.4 million and $15.9 million for the years ended December 31, 2020, 2019 and 2018, respectively. Due primarily to the impact of COVID-19, for the year ended December 31, 2020, write-offs of accounts receivable and accrued rent balances totaled approximately $51.7 million.
(2)During the year ended December 31, 2018, the joint venture that owns Metropolitan Square in Washington, DC, commenced a renovation project and recorded accelerated depreciation expense of approximately $22.4 million related to the remaining book value of the assets to be replaced. The Company’s share of the accelerated depreciation expense totaled approximately $4.5 million.
(3)For the year ended December 31, 2019, represents the gain on sale of 540 Madison Avenue recognized by the joint venture. During 2008, the Company recognized an other-than-temporary impairment loss on its investment in the unconsolidated joint venture resulting in a basis differential between the carrying value of the Company’s investment in the joint venture and the joint venture’s basis in the assets and liabilities of the property. As a result of the historical basis difference, the Company recognized a gain on sale of real estate totaling approximately $47.2 million for the year ended December 31, 2019, which consists of its share of the gain on sale reported by the joint venture as well as an adjustment for the basis differential. The gain on sale of real estate is included in Income from Unconsolidated Joint Ventures in the Company’s Consolidated Statements of Operations.
(4)During the year ended December 31, 2020, the Company recognized an other-than-temporary impairment loss on its investment in the unconsolidated joint venture that owns Dock 72 in Brooklyn, New York totaling approximately $60.5 million.
(5)Includes straight-line rent adjustments of approximately $1.8 million, $2.1 million and $2.4 million for the years ended December 31, 2020, 2019 and 2018, respectively. Also includes net above-/below-market rent adjustments of approximately $0.9 million, $1.7 million and $1.6 million for the years ended December 31, 2020, 2019 and 2018, respectively.