XML 45 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III Real Estate and Accumulated Depreciation
Schedule III—Real Estate and Accumulated Depreciation
December 31, 2018
(In thousands)
Initial Costs
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Property name 
Encumbrances
Land
Building & Improvements
Improvements
Carrying Costs
Land
Building & Improvements
Total
Accumulated Depreciation(1)
Year Built / RenovatedYear Acquired
Office 
875 Howard, San Francisco Bay Area, CA$— $18,058 $41,046 $20,353 $1,936 $18,058 $63,335 $81,393 $(17,001)Various2007 
6040 Sunset, Los Angeles, CA— 6,599 27,187 25,032 3,088 6,599 55,307 61,906 (21,694)2008 2008 
ICON, Los Angeles, CA— — — 145,136 5,497 — 150,633 150,633 (10,677)20172008 
CUE, Los Angeles, CA— — — 43,708 1,716 — 45,424 45,424 (1,477)Ongoing2008 
EPIC, Los Angeles, CA— — — 84,887 3,156 — 88,043 88,043 — Ongoing2008 
Del Amo, Los Angeles, CA— — 18,000 2,513 — — 20,513 20,513 (5,521)1986 2010 
1455 Market, San Francisco Bay Area, CA— 41,226 34,990 87,437 298 41,226 122,725 163,951 (32,494)19762010 
Rincon Center, San Francisco Bay Area, CA(2)(3)
— 58,251 110,656 35,151 — 58,251 145,807 204,058 (29,856)1940/19892010 
10950 Washington, Los Angeles, CA(3)
26,880 17,979 25,110 1,408 — 17,979 26,518 44,497 (5,879)1957/19742010 
604 Arizona, Los Angeles, CA— 5,620 14,745 3,895 484 5,620 19,124 24,744 (3,263)1950/20052011 
275 Brannan, San Francisco Bay Area, CA— 4,187 8,063 14,029 1,115 4,187 23,207 27,394 (7,732)19052011 
625 Second, San Francisco Bay Area, CA— 10,744 42,650 2,790 — 10,744 45,440 56,184 (9,244)1906/19992011 
6922 Hollywood, Los Angeles, CA— 16,608 72,392 15,784 — 16,608 88,176 104,784 (15,347)19672011 
10900 Washington, Los Angeles, CA— 1,400 1,200 736 — 1,400 1,936 3,336 (812)19732012 
901 Market, San Francisco Bay Area, CA— 17,882 79,305 15,929 — 17,882 95,234 113,116 (18,353)1912/19852012 
Element LA, Los Angeles, CA(3)
168,000 79,769 19,755 85,432 10,391 79,769 115,578 195,347 (13,949)1949 2012, 2013 
3401 Exposition, Los Angeles, CA— 14,120 11,319 11,044 1,028 14,120 23,391 37,511 (3,789)19612013 
505 First, Greater Seattle, WA— 22,917 133,034 4,383 — 22,917 137,417 160,334 (22,173)Various2013 
83 King, Greater Seattle, WA— 12,982 51,403 7,634 — 12,982 59,037 72,019 (9,972)Various2013 
Met Park North, Greater Seattle, WA(3)
64,500 28,996 71,768 730 — 28,996 72,498 101,494 (12,357)20002013 
Northview Center, Greater Seattle, WA— 4,803 41,191 1,945 — 4,803 43,136 47,939 (7,379)19912013 
411 First, Greater Seattle, WA— 27,684 29,824 15,462 — 27,684 45,286 72,970 (7,552)Various2014 
450 Alaskan, Greater Seattle, WA— — — 81,250 3,391 — 84,641 84,641 (2,522)Various2014 
95 Jackson, Greater Seattle, WA— — — 16,738 1,102 — 17,840 17,840 (799)Various2014 
Palo Alto Square, San Francisco Bay Area, CA— — 326,033 31,399 — — 357,432 357,432 (45,678)19712015 
3400 Hillview, San Francisco Bay Area, CA— — 159,641 2,514 — — 162,155 162,155 (27,367)19912015 
Initial Costs
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Property name 
Encumbrances
Land
Building & Improvements
Improvements
Carrying Costs
Land
Building & Improvements
Total
Accumulated Depreciation(1)
Year Built / RenovatedYear Acquired
Foothill Research Center, San Francisco Bay Area, CA— — 133,994 2,349 — — 136,343 136,343 (22,236)19912015 
Page Mill Center, San Francisco Bay Area, CA— — 147,625 6,927 — — 154,552 154,552 (26,855)1970/20162015 
Clocktower Square, San Francisco Bay Area, CA— — 93,949 3,369 — — 97,318 97,318 (9,295)19832015 
3176 Porter, San Francisco Bay Area, CA— — 34,561 676 — — 35,237 35,237 (5,195)19912015 
Towers at Shore Center, San Francisco Bay Area, CA— 72,673 144,188 12,825 — 72,673 157,013 229,686 (18,271)20012015 
Skyway Landing, San Francisco Bay Area, CA— 37,959 63,559 3,818 — 37,959 67,377 105,336 (8,662)20012015 
Shorebreeze, San Francisco Bay Area, CA— 69,448 59,806 12,145 — 69,448 71,951 141,399 (8,870)1985/19892015 
555 Twin Dolphin, San Francisco Bay Area, CA— 40,614 73,457 5,960 — 40,614 79,417 120,031 (9,064)19892015 
333 Twin Dolphin, San Francisco Bay Area, CA— 36,441 64,892 11,500 — 36,441 76,392 112,833 (9,089)19852015 
Metro Center, San Francisco Bay Area, CA— — 313,683 50,740 — — 364,423 364,423 (43,568)Various2015 
Concourse, San Francisco Bay Area, CA— 45,085 224,271 22,919 — 45,085 247,190 292,275 (31,641)Various2015 
Gateway, San Francisco Bay Area, CA— 33,117 121,217 39,312 — 33,117 160,529 193,646 (20,863)Various2015 
Metro Plaza, San Francisco Bay Area, CA— 16,038 106,156 18,254 — 16,038 124,410 140,448 (13,789)19862015 
1740 Technology, San Francisco Bay Area, CA— 8,052 49,486 2,391 — 8,052 51,877 59,929 (5,549)19852015 
Skyport Plaza, San Francisco Bay Area, CA— 16,521 153,844 (3,226)— 16,521 150,618 167,139 (14,540)2000/20012015 
Cloud10, San Francisco Bay Area, CA12,512 — 77 177 12,512 254 12,766 — N/A2015 
Techmart, San Francisco Bay Area, CA— — 66,660 16,143 — — 82,803 82,803 (11,525)19862015 
Campus Center, San Francisco Bay Area, CA— 29,636 79,604 12,118 4,158 29,636 95,880 125,516 (5,916)N/A2015 
Campus Center—Development, San Francisco Bay Area, CA29,824 — 513 — 29,824 513 30,337 — N/A2015 
Fourth & Traction, Los Angeles, CA— 12,140 37,110 42,248 7,881 12,140 87,239 99,379 (1,642)Various2015 
Maxwell, Los Angeles, CA— 13,040 26,960 35,259 6,365 13,040 68,584 81,624 — Various2015 
11601 Wilshire, Los Angeles, CA
— 28,978 321,273 33,293 — 28,978 354,566 383,544 (26,049)19832016, 2017 
Hill7, Greater Seattle, WA(3)
101,000 36,888 137,079 16,540 — 36,888 153,619 190,507 (10,756)20152016 
Page Mill Hill, San Francisco Bay Area, CA
— — 131,402 5,996 — — 137,398 137,398 (9,904)19752016 
Harlow, Los Angeles, CA — — — 23,794 741 — 24,535 24,535 — N/A2017 
Initial Costs
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Property name 
Encumbrances
Land
Building & Improvements
Improvements
Carrying Costs
Land
Building & Improvements
Total
Accumulated Depreciation(1)
Year Built / RenovatedYear Acquired
One Westside, Los Angeles, CA(4)
— 110,438 35,011 8,224 1,019 110,438 44,254 154,692 (680)19852018 
10850 Pico, Los Angeles, CA(4)
— 34,682 16,313 (2,604)— 34,682 13,709 48,391 (243)19852018 
Ferry Building, San Francisco Bay Area, CA(5)
— — 268,292 2,066 — — 270,358 270,358 (2,230)1898/20032018 
Studio
Sunset Gower Studios, Los Angeles, CA(6)
5,001 79,320 64,697 35,709 342 79,320 100,748 180,068 (26,646)Various2007, 2011, 2012 
Sunset Bronson Studios, Los Angeles, CA(6)
— 77,698 32,374 28,831 422 77,698 61,627 139,325 (14,275)Various 2008 
Sunset Las Palmas Studios, Los Angeles, CA— 141,943 104,392 1,706 — 141,943 106,098 248,041 (5,391)Various 2017, 2018 
TOTAL$365,381 $1,372,872 $4,425,167 $1,207,191 $54,307 $1,372,872 $5,686,665 $7,059,537 $(695,631)
_____________
1.The Company computes depreciation using the straight-line method over the estimated useful lives over the shorter of the ground lease term or 39 years for building and improvements, 15 years for land improvements and over the shorter of asset life or life of the lease for tenant improvements.
2.The loan was paid in full on February 1, 2018.
3.These properties are encumbered under our unsecured revolving credit facility, which, as of December 31, 2018, had an outstanding balance of $400.0 million.
4.These properties have $138.2 million debt secured by U.S. Government securities. See description of the in-substance defeased debt in Part IV, Item 15(a) “Financial Statement and Schedules—Note 5 to the Consolidated Financial Statements-Debt.”
5.This property has $66.1 million due to our joint venture partner. See description of joint venture partner debt in Part IV, Item 15(a) “Financial Statement and Schedules—Note 5 to the Consolidated Financial Statements-Debt.”
6.The encumbrance amount relates to both Sunset Gower Studios and Sunset Bronson Studios. See description of secured and unsecured debt in Part IV, Item 15(a) “Financial Statement and Schedules—Note 5 to the Consolidated Financial Statements-Debt.”

The aggregate gross cost of property included above for federal income tax purposes approximated $6.5 billion, unaudited as of December 31, 2018.
The following table reconciles the historical cost of total real estate held for investment and accumulated depreciation from January 1, 2016 to December 31, 2018:
Year Ended December 31,
201820172016
Total investment in real estate, beginning of year$6,644,249 $6,507,484 $5,976,526 
Additions during period:
Acquisitions 505,257 255,848 597,751 
Improvements, capitalized costs 364,721 330,809 296,399 
Total additions during period869,978 586,657 894,150 
Deductions during period
Disposal (fully depreciated assets and early terminations)(27,821)(41,337)(27,451)
Cost of property sold (426,869)(408,555)(335,741)
Total deductions during period(454,690)(449,892)(363,192)
Ending balance, before reclassification to assets associated with real estate held for sale7,059,537 6,644,249 6,507,484 
Reclassification to assets associated with real estate held for sale— (424,888)(629,004)
Total investment in real estate, end of year$7,059,537 $6,219,361 $5,878,480 
Total accumulated depreciation, beginning of year$(549,411)$(423,950)$(272,724)
Additions during period:
Depreciation of real estate(203,347)(206,838)(182,219)
Total additions during period(203,347)(206,838)(182,219)
Deductions during period:
Deletions 27,410 37,925 25,622 
Write-offs due to sale29,717 43,452 5,371 
Total deductions during period57,127 81,377 30,993 
Ending balance, before reclassification to assets associated with real estate held for sale(695,631)(549,411)(423,950)
Reclassification to assets associated with real estate held for sale— 28,041 48,743 
Total accumulated depreciation, end of year$(695,631)$(521,370)$(375,207)