XML 25 R11.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Deferred Leasing Costs and Lease Intangibles, net | 9 Months Ended
--- | ---
Sep. 30, 2016
Leases [Abstract] |
Deferred Leasing Costs and Lease Intangibles, net | Deferred Leasing Costs and Lease Intangibles, net The following summarizes the Company’s deferred leasing costs and lease intangibles as of:
| September 30, 2016 |  | December 31, 2015
Above-market leases | $ | 23,197 |  |  | $ | 38,465 |
Accumulated amortization | (12,004 | ) |  | (17,206 | )
Above-market leases, net | 11,193 |  |  | 21,259 |
Deferred leasing costs and in-place lease intangibles | 361,416 |  |  | 347,531 |
Accumulated amortization | (138,111 | ) |  | (111,128 | )
Deferred leasing costs and in-place lease intangibles, net | 223,305 |  |  | 236,403 |
Below-market ground leases | 59,578 |  |  | 59,578 |
Accumulated amortization | (4,394 | ) |  | (2,757 | )
Below-market ground leases, net | 55,184 |  |  | 56,821 |
Deferred leasing costs and lease intangible assets, net | $ | 289,682 |  |  | $ | 314,483 |
Below-market leases | $ | 134,445 |  |  | $ | 138,852 |
Accumulated amortization | (58,381 | ) |  | (45,455 | )
Below-market leases, net | 76,064 |  |  | 93,397 |
Above-market ground leases | 1,095 |  |  | 1,095 |
Accumulated amortization | (78 | ) |  | (46 | )
Above-market ground leases, net | 1,017 |  |  | 1,049 |
Lease intangible liabilities, net | $ | 77,081 |  |  | $ | 94,446 |
The Company recognized the following amortization related to deferred leasing costs and lease intangibles:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Above-market lease(1) | $ | 2,809 |  |  | $ | 4,489 |  |  | $ | 10,223 |  |  | $ | 8,751 |
Below-market lease(1) | 7,311 |  |  | 8,393 |  |  | 24,027 |  |  | 24,512 |
Deferred leasing costs and in-place lease intangibles(2) | 20,742 |  |  | 29,312 |  |  | 65,408 |  |  | 65,058 |
Above-market ground lease(3) | 11 |  |  | 18 |  |  | 33 |  |  | 35 |
Below-market ground lease(3) | 545 |  |  | 533 |  |  | 1,637 |  |  | 1,127 |
__________________
(1) | Amortization is recorded in office rental income in the Consolidated Statements of Operations.
(2) | Amortization is recorded in depreciation and amortization expense and office rental income in the Consolidated Statements of Operations.
(3) | Amortization is recorded in office operating expenses in the Consolidated Statements of Operations.

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration