XML 44 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
Organization (Tables)
 9 Months Ended
Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Portfolio of properties
The Company’s portfolio consists of properties located throughout Northern and Southern California and the Pacific Northwest. The following table summarizes the Company’s portfolio as of September 30, 2017:
 
Number of Properties
 
Square Feet (unaudited)
Office properties:
 
 
 
Northern California(1)
29

 
9,600,289

Southern California(2)
16

 
2,817,509

Pacific Northwest(3)
8

 
1,496,620

Total Office properties
53

 
13,914,418

Media & Entertainment properties:
 
 
 
Southern California(2)
3

 
1,249,927

Total Media & Entertainment properties
3

 
1,249,927

Total(4)
56

 
15,164,345


_________________
(1)
Includes the Foster City, Milpitas, North San Jose, Palo Alto, Redwood Shores, San Francisco, San Mateo and Santa Clara submarkets.
(2)
Includes the Burbank, Downtown Los Angeles, Hollywood, Torrance and West Los Angeles submarkets.
(3)
Includes the Lynnwood, Pioneer Square and South Lake Union submarkets.
(4)
Includes redevelopment, development and held for sale office properties.
The following table summarizes the properties sold during the nine months ended September 30, 2017. These properties were non-strategic assets to the Company’s portfolio:
Property
 
Date of Disposition
 
Square Feet (unaudited)
 
Sales Price(1) 
(in millions)
222 Kearny Street
 
2/14/2017
 
148,797

 
$
51.8

3402 Pico Boulevard
 
3/21/2017
 
50,687

 
35.0

Total dispositions
 
 
 
199,484

 
$
86.8

_________________ 
(1)
Represents gross sales price before certain credits, prorations and closing costs.