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Organization (Tables) | 12 Months Ended
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Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Summary of Company's portfolio | The following table summarizes the Company’s portfolio as of December 31, 2017:
Segments |  | Number of Properties |  | Square Feet (unaudited)
Office |  | 51 |  |  | 13,291,531 |
Media & Entertainment |  | 3 |  |  | 1,249,927 |
Total(1) |  | 54 |  |  | 14,541,458 |
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(1) | Includes redevelopment, development and held for sale properties.
The following table summarizes the information on the acquisitions completed in 2017 and 2016:
Property |  | Submarket |  | Segment |  | Month of Acquisition |  | Square Feet |  | Purchase Price(1) (in millions)
Sunset Las Palmas Studios(2) |  | Hollywood |  | Media and Entertainment |  | May 2017 |  | 369,000 |  |  | $ | 200.0 |
11601 Wilshire land(3) |  | West Los Angeles |  | Office |  | June 2017 |  | N/A |  |  | 50.0 |
6666 Santa Monica(4) |  | Hollywood |  | Media and Entertainment |  | June 2017 |  | 4,150 |  |  | 3.2 |
Total acquisitions in 2017 |  |  |  |  |  |  |  | 373,150 |  |  | $ | 253.2 |
11601 Wilshire(5) |  | West Los Angeles |  | Office |  | July 2016 |  | 500,475 |  |  | $ | 311.0 |
Hill7(6) |  | South Lake Union |  | Office |  | October 2016 |  | 285,680 |  |  | 179.8 |
Page Mill Hill(7) |  | Palo Alto |  | Office |  | December 2016 |  | 182,676 |  |  | 150.0 |
Total acquisitions in 2016 |  |  |  |  |  |  |  | 968,831 |  |  | $ | 640.8 |
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(1) | Represents purchase price before certain credits, prorations and closing costs.
(2) | The property consists of stages, production office and support space on 15 acres near Sunset Gower Studios and Sunset Bronson Studios. The purchase price above does not include equipment purchased by the Company for $2.8 million, which was transacted separately from the studio acquisition. In April 2017, the Company drew $150.0 million under the unsecured revolving credit facility to fund the acquisition.
(3) | On July 1, 2016 the Company purchased a partial interest in land held as a tenancy in common in conjunction with its acquisition of the 11601 Wilshire property. The land interest held as a tenancy in common was accounted for as an equity method investment. On June 15, 2017, the Company purchased the remaining interest, which was fair valued and allocated to land and building.
(4) | This parcel is adjacent to the Sunset Las Palmas Studios property.
(5) | Previously owned by an affiliate of Blackstone, the property has served as the Company’s corporate headquarters since its IPO. The Company funded this acquisition with proceeds from the unsecured revolving credit facility.
(6) | The Company purchased the property through a joint venture with the Canadian Pension Plan Investment Board. The Company has a 55% ownership interest in the consolidated joint venture. In conjunction with the acquisition, the joint venture closed a secured non-recourse loan in the amount of $101.0 million.
(7) | The Company funded this acquisition with proceeds from the unsecured revolving credit facility.

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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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