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Investment in Real Estate | 6 Months Ended
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Jun. 30, 2016
Real Estate [Abstract] |
Investment in Real Estate | Investment in Real Estate Acquisitions The Company’s acquisitions are accounted for using the acquisition method. The results of operations for each of these acquisitions are included in the Company’s Consolidated Statements of Operations from the date of acquisition. On July 1, 2016, the Company purchased the 11601 Wilshire Boulevard office property in West Los Angeles, California. See Note 20—Subsequent Events for details. During 2015, the Company acquired 26 office properties totaling approximately 8.2 million square feet and two development parcels throughout Northern California. In addition, the Company also acquired 4th and Traction and 405 Mateo, both located in Los Angeles, California. Dispositions The following table summarizes the properties sold during the six months ended June 30, 2016 and June 30, 2015. These properties were non-strategic assets to the Company’s portfolio.
Property |  | Date of Disposition |  | Number of Buildings |  | Square Feet |  | Sales Price(1) (in millions)
Bayhill Office Center |  | January 14, 2016 |  | 4 |  | 554,328 |  | $215.0
Patrick Henry Drive |  | April 7, 2016 |  | 1 |  | 70,520 |  | 19.0
One Bay Plaza |  | June 1, 2016 |  | 1 |  | 195,739 |  | 53.4
Total dispositions for the six months ended June 30, 2016 |  |  |  | 6 |  | 820,587 |  | $287.4
First Financial |  | March 6, 2015 |  | 1 |  | 223,679 |  | $89.0
Total dispositions for the six months ended June 30, 2015(2) |  |  |  | 1 |  | 223,679 |  | $89.0
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(1) | Represents gross sales price before certain credits, prorations and closing costs.
(2) | Excludes the disposition of 45% interest in 1455 Market Street office property on January 7, 2015.
The dispositions of these properties resulted in a gain of $2.2 million and $8.5 million for the three and six months ended June 30, 2016, respectively, and a loss of $0.6 million and a gain of $22.1 million for the three and six months ended June 30, 2015, respectively. The Company has not presented the operating results in net income (loss) from discontinued operations for these disposals because they do not represent a strategic shift in the Company’s business. In addition, the Company reclassified the assets and liabilities related to these dispositions to assets and liabilities associated with real estate held for sale as of December 31, 2015. Held for sale On April 25, 2016, the Company entered into an agreement to sell its 12655 Jefferson property for $80.0 million (before certain credits, prorations and closing costs). The Company determined that 12655 Jefferson met the criteria to be classified as held for sale and reclassified the balances related to such property within the Consolidated Balance Sheet as of June 30, 2016 and December 31, 2015. The following table summarizes the components of assets and liabilities associated with real estate held for sale as of June 30, 2016 and December 31, 2015:
|  | June 30, 2016 |  | December 31, 2015
ASSETS |  |  |  |
Investment in real estate, net |  | 48,996 |  |  | 313,344 |
Straight-line rent receivables, net |  | 4 |  |  | 2,016 |
Deferred leasing costs and lease intangible assets, net |  | 2,676 |  |  | 14,415 |
Other |  | 756 |  |  | 525 |
Assets associated with real estate held for sale |  | $ | 52,432 |  |  | $ | 330,300 |
LIABILITIES |  |  |  |
Accounts payable and accrued liabilities |  | $ | 3,136 |  |  | $ | 3,831 |
Other |  | 2,131 |  |  | 12,960 |
Liabilities associated with real estate held for sale |  | $ | 5,267 |  |  | $ | 16,791 |
Cost Capitalization Capitalized personnel costs were $2.3 million and $4.6 million for the three and six months ended June 30, 2016, respectively, and $1.9 million and $2.8 million for the three and six months ended June 30, 2015, respectively. Capitalized interest was $2.9 million and $5.5 million for the three and six months ended June 30, 2016, respectively, and $0.9 million and $3.0 million for for the three and six months ended June 30, 2015, respectively. Impairment of Long-Lived Assets No impairment indicators have been noted and the Company recorded no impairment charges for the three and six months ended June 30, 2016 and 2015.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 210 -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-06(1)) -URI http://asc.fasb.org/extlink&oid=6488278&loc=d3e604059-122996 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(d)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule III)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -SubTopic 360 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28) -URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)(4)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 235 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-24) -URI http://asc.fasb.org/extlink&oid=34714203&loc=d3e608456-123001 + Details
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