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Investment in Real Estate (Tables) | 3 Months Ended
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Mar. 31, 2018
Real Estate [Abstract] |
Summary of investment in real estate | The following table summarizes the Company’s investment in real estate, at cost as of:
| March 31, 2018 |  | December 31, 2017
Land | $ | 1,302,907 |  |  | $ | 1,302,907 |
Building and improvements | 4,476,124 |  |  | 4,480,993 |
Tenant improvements | 425,624 |  |  | 411,706 |
Furniture and fixtures | 8,371 |  |  | 8,608 |
Property under development | 286,367 |  |  | 219,227 |
Investment in real estate, at cost(1) | $ | 6,499,393 |  |  | $ | 6,423,441 |
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(1) | Excludes balances related to properties that have been classified as held for sale.
Schedule of dispositions | 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 March 31, 2018:
Segments |  | Number of Properties |  | Square Feet (unaudited)
Office |  | 51 |  |  | 13,398,362 |
Studio |  | 3 |  |  | 1,204,927 |
Total(1) |  | 54 |  |  | 14,603,289 |
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(1) | Includes redevelopment, development and held for sale properties.
The following table summarizes the properties sold during the three months ended March 31, 2018. These properties were non-strategic assets to the Company’s portfolio and were classified as held for sale as of December 31, 2017:
Property |  | Month of Disposition |  | Square Feet |  | Sales Price(1) (in millions)
2600 Campus Drive (building 6 of Peninsula Office Park) |  | January 2018 |  | 63,050 |  |  | $ | 22.5 |
Embarcadero Place |  | January 2018 |  | 197,402 |  |  | 136.0 |
2180 Sand Hill |  | March 2018 |  | 45,613 |  |  | 82.5 |
Total dispositions |  |  |  | 306,065 |  |  | $ | 241.0 |
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(1) | Represents gross sales price before certain credits, prorations and closing costs.
Schedule of components 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:
|  | March 31, 2018 |  | December 31, 2017
ASSETS |  |  |  |
Investment in real estate, net |  | $ | 8,775 |  |  | $ | 204,895 |
Accounts receivable, net |  | 28 |  |  | 85 |
Straight-line rent receivables, net |  | 420 |  |  | 2,234 |
Deferred leasing costs and lease intangible assets, net |  | 2,394 |  |  | 4,063 |
Prepaid expenses and other assets, net |  | 87 |  |  | 58 |
Assets associated with real estate held for sale |  | $ | 11,704 |  |  | $ | 211,335 |
LIABILITIES |  |  |  |
Accounts payable and accrued liabilities |  | $ | 393 |  |  | $ | 782 |
Lease intangible liabilities, net |  | — |  |  | 95 |
Security deposits and prepaid rent |  | 237 |  |  | 1,339 |
Liabilities associated with real estate held for sale |  | $ | 630 |  |  | $ | 2,216 |

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- Definition Tabular disclosure of nonconsolidated investments in real estate including interests in corporations, partnerships and joint ventures. Disclosures may include summarized aggregate financial statements for the real estate investments. + References No definition available. + Details
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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
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