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Investment in Real Estate (Tables) | 6 Months Ended
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Jun. 30, 2015
Real Estate [Abstract] |
Schedule of Business Acquisitions, by Acquisition | During 2014, we acquired Merrill Place, 3402 Pico Blvd. and 12655 Jefferson. The results of operations for each of these acquisitions are included in our consolidated statements of operations from the date of acquisition. The following table represents our purchase price allocation for each of these acquisitions:
| Merrill Place |  | 3402 Pico Blvd. |  | 12655 Jefferson |  |
Date of Acquisition | February 12, 2014 |  | February 28, 2014 |  | October 17, 2014 |  | Total
Consideration paid |  |  |  |  |  |  |
Cash consideration | $ | 57,034 |  |  | $ | 18,546 |  |  | $ | 38,000 |  |  | $ | 113,580 |
Total consideration | $ | 57,034 |  |  | $ | 18,546 |  |  | $ | 38,000 |  |  | $ | 113,580 |
Allocation of consideration paid |  |  |  |  |  |  |
Investment in real estate, net | $ | 57,508 |  |  | $ | 18,500 |  |  | $ | 38,000 |  |  | $ | 114,008 |
Above-market leases | 173 |  |  | — |  |  | — |  |  | 173 |
Deferred leasing costs and lease intangibles, net | 3,163 |  |  | — |  |  | — |  |  | 3,163 |
Below-market leases | (3,315 | ) |  | — |  |  | — |  |  | (3,315 | )
Other (liabilities) asset assumed, net | (495 | ) |  | 46 |  |  | — |  |  | (449 | )
Total consideration paid | $ | 57,034 |  |  | $ | 18,546 |  |  | $ | 38,000 |  |  | $ | 113,580 |
The following table represents our aggregate preliminary purchase price allocation for each of these acquisitions:
| EOP Northern California Portfolio |  | 4th & Traction |  |
Date of Acquisition | April 1, 2015 |  | May 22, 2015 |  | Total
Consideration paid |  |  |  |  |
Cash consideration | $ | 1,715,346 |  |  | $ | 49,250 |  |  | $ | 1,764,596 |
Common stock | 87 |  |  | — |  |  | 87 |
Additional paid-in capital | 285,358 |  |  | — |  |  | 285,358 |
Non-controlling common units in the Operating Partnership | 1,814,936 |  |  | — |  |  | 1,814,936 |
Total consideration | $ | 3,815,727 |  |  | $ | 49,250 |  |  | $ | 3,864,977 |
Allocation of consideration paid |  |  |  |  |
Investment in real estate, net | $ | 3,611,294 |  |  | $ | 49,250 |  |  | $ | 3,660,544 |
Above-market leases | 28,745 |  |  | — |  |  | 28,745 |
Above-market ground leases | 51,180 |  |  | — |  |  | 51,180 |
Deferred leasing costs and lease intangibles, net | 225,440 |  |  | — |  |  | 225,440 |
Below-market leases | (99,837 | ) |  | — |  |  | (99,837 | )
Below-market ground leases | (1,095 | ) |  | — |  |  | (1,095 | )
Total consideration paid | $ | 3,815,727 |  |  | $ | 49,250 |  |  | $ | 3,864,977 |
Business Acquisition, Pro Forma Information | The table below shows the pro forma financial information for the six months ended June 30, 2015 and 2014 as if the EOP Northern California Portfolio had been acquired as of January 1, 2014.
| Six Months Ended June 30, 2015
| 2015 |  | 2014
Total revenues | $ | 297,229 |  |  | $ | 364,990 |
Net income (loss) | $ | (3,531 | ) |  | $ | (1,208 | )

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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