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Investment in Real Estate (Tables)
 6 Months Ended
Jun. 30, 2016
Real Estate [Abstract]  
Schedule of Properties Sold
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
_________________ 
(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.
Summary of Assets and Liabilities Associated with Real Estate Held-for-sale
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