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Related Party Transactions
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6 Months Ended |
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Jun. 30, 2011
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| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions Until the IPO and related formation transactions, the media and entertainment properties owned by our predecessor were managed by Hudson Studios Management, LLC and our City Plaza office property was managed by Hudson OP Management, LLC (Hudson Studios Management, LLC and Hudson OP Management, LLC are collectively referred to as “Hudson Management”), both of which were affiliates of our predecessor. For the six months ended June 30, 2010, management fees of $460 had been incurred. In addition, Hudson Management was entitled to a construction management fee of $300 plus 5% of the hard costs in association with other future developments. As of June 30, 2010, $300 of construction management fees had been capitalized to construction in progress. These agreement were effectively terminated upon our acquisition of Hudson Management. The developers and managers of the 875 Howard Street Property were TMG Partners and Flynn Properties, Inc. TMG Partners was also the managing member. TMG Partners and Flynn Properties, Inc. jointly began providing property management services for the 875 Howard Street Property starting February 15, 2007. A monthly property management fee equal to the greater of $20 per month or 2.5% of gross rents received from tenants during each calendar month was paid in equal parts to TMG Partners and Flynn Properties, Inc. These fees totaled $78 for the six months ended June 30, 2010. |