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Commitments and Contingencies - Narrative (Details) - USD ($)
1 Months Ended 6 Months Ended
Aug. 07, 2015
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Aug. 22, 2013
Oct. 29, 2012
Feb. 11, 2011
Loss Contingencies              
Debt instrument carrying amount   $ 2,116,974,000          
Repayments of notes payable   208,633,000 $ 170,439,000        
Secured Debt              
Loss Contingencies              
Debt instrument carrying amount   621,974,000   $ 635,003,000      
Unsecured Debt              
Loss Contingencies              
Debt instrument carrying amount   1,495,000,000   280,000,000      
Unsecured Debt | Revolving Credit Facility              
Loss Contingencies              
Letters of credit, amount outstanding   $ 3,300,000          
Customer Concentration Risk | Sales              
Loss Contingencies              
Percentage of revenue from one industry   8.00% 16.00%        
Sunset Gower Sunset Bronson              
Loss Contingencies              
Principal amount guaranteed   19.50%          
Debt instrument carrying amount         $ 97,000,000   $ 92,000,000
Maximum exposure for guarantee   $ 18,900,000          
Sunset Gower Sunset Bronson | Secured Debt              
Loss Contingencies              
Debt instrument carrying amount [1],[2]   $ 97,000,000          
Element LA              
Loss Contingencies              
Principal amount guaranteed   25.00%          
Maximum exposure for guarantee   $ 20,700,000          
Maximum exposure for guarantee give covenant compliance   0          
Element LA | Secured Debt              
Loss Contingencies              
Debt instrument carrying amount   $ 82,646,000 [3]   59,490,000 [2]      
901 Market              
Loss Contingencies              
Principal amount guaranteed   35.00%          
Debt instrument carrying amount           $ 49,600,000  
Maximum exposure for guarantee   $ 10,500,000          
901 Market | Secured Debt              
Loss Contingencies              
Debt instrument carrying amount   $ 30,000,000 [4]   $ 49,600,000 [5]      
Subsequent Event | 901 Market              
Loss Contingencies              
Repayments of notes payable $ 19,600,000            
[1] On March 16, 2011, we purchased an interest rate cap in order to cap one-month LIBOR at 3.715% with respect to $50.0 million of the loan through February 11, 2016. On January 11, 2012 we purchased an interest rate cap in order to cap one-month LIBOR at 2.00% with respect to $42.0 million of the loan through February 11, 2016. Effective March 4, 2015, the terms of this loan were amended and restated to introduce the ability to draw up to an additional $160.0 million for budgeted construction costs associated with our ICON development and to extend the maturity date from February 11, 2018 to March 4, 2019 with a 1-year extension option.
[2] On November 24, 2014, we amended our construction loan for Element LA to, among other things, increase availability from $65.5 million to $102.4 million for budgeted site-work, construction of a parking garage, base building, tenant improvement, and leasing commission costs associated with the renovation and lease-up of the property.
[3] This loan was assumed on June 14, 2013 in connection with the contribution of the Pinnacle II building to the Company’s joint venture with M. David Paul & Associates/Worthe Real Estate Group. This loan bore interest only for the first five years. Beginning with the payment due October 6, 2011, monthly debt service includes annual debt amortization payments based on a 30-year amortization schedule.
[4] On April 10, 2015, the loan was fully repaid.
[5] On October 29, 2012, we obtained a loan for our 901 Market property pursuant to which we borrowed $49.6 million upon closing. On April 10, 2015, we repaid $19.6 million of this loan.