XML 67 R49.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investment in Real Estate - Real Estate Investment Property (Details)
$ in Thousands
12 Months Ended
Oct. 23, 2018
USD ($)
ft²
Oct. 09, 2018
USD ($)
ft²
Aug. 31, 2018
USD ($)
ft²
Jun. 07, 2018
USD ($)
ft²
Dec. 31, 2018
USD ($)
ft²
Dec. 31, 2017
USD ($)
Business Acquisition [Line Items]            
Land         $ 1,372,872 $ 1,204,700
Building and improvements         4,991,770 4,389,846
Tenant improvements         510,217 397,012
Furniture and fixtures         9,320 8,576
Property under development         175,358 219,227
Investment in real estate, at cost         $ 7,059,537 $ 6,219,361
Area of real estate acquired | ft²         916,701  
Purchase price of properties acquired, asset acquisitions         $ 521,000  
Total consideration            
Cash consideration for real estate investments         362,687  
Cash consideration for U.S. Government securities         149,176  
Debt assumed         139,003  
Redeemable non-controlling interest in consolidated real estate entities         12,749  
Total Consideration         663,615  
Allocation of consideration            
U.S. Government securities         149,176  
Deferred leasing costs and in-place lease intangibles         18,412  
Above-market leases         1,347  
Below-market ground lease         4,528  
Below-market leases         (15,105)  
Total assets assumed         $ 663,615  
Deferred leasing costs and in-place lease intangibles            
Allocation of consideration            
Weighted average amortization period         6 years 10 months 24 days  
Above-market leases            
Allocation of consideration            
Weighted average amortization period         5 years 1 month 6 days  
Below-market ground leases            
Allocation of consideration            
Weighted average amortization period         48 years 7 months 6 days  
Below-market leases            
Allocation of consideration            
Weighted average amortization period         11 years 1 month 6 days  
6605 Eleanor Avenue            
Total consideration            
Cash consideration for real estate investments       $ 18,071    
Cash consideration for U.S. Government securities       0    
Debt assumed       0    
Redeemable non-controlling interest in consolidated real estate entities       0    
Total Consideration       18,071    
Allocation of consideration            
Investment in real estate       18,071    
U.S. Government securities       0    
Deferred leasing costs and in-place lease intangibles       0    
Above-market leases       0    
Below-market ground lease       0    
Below-market leases       0    
Total assets assumed       18,071    
1034 Seward Street            
Total consideration            
Cash consideration for real estate investments       12,095    
Cash consideration for U.S. Government securities       0    
Debt assumed       0    
Redeemable non-controlling interest in consolidated real estate entities       0    
Total Consideration       12,095    
Allocation of consideration            
Investment in real estate       12,095    
U.S. Government securities       0    
Deferred leasing costs and in-place lease intangibles       0    
Above-market leases       0    
Below-market ground lease       0    
Below-market leases       0    
Total assets assumed       $ 12,095    
One Westside and 10850 Pico            
Total consideration            
Cash consideration for real estate investments     $ 40,986      
Cash consideration for U.S. Government securities     149,176      
Debt assumed     139,003      
Redeemable non-controlling interest in consolidated real estate entities     12,749      
Total Consideration     341,914      
Allocation of consideration            
Investment in real estate     196,444      
U.S. Government securities     149,176      
Deferred leasing costs and in-place lease intangibles     826      
Above-market leases     605      
Below-market ground lease     0      
Below-market leases     (5,137)      
Total assets assumed     $ 341,914      
One Westside and 10850 Pico | VIE, primary beneficiary            
Business Acquisition [Line Items]            
VIE, ownership percentage     75.00%   75.00%  
Ferry Building            
Total consideration            
Cash consideration for real estate investments   $ 281,180        
Cash consideration for U.S. Government securities   0        
Debt assumed   0        
Redeemable non-controlling interest in consolidated real estate entities   0        
Total Consideration   281,180        
Allocation of consideration            
Investment in real estate   268,292        
U.S. Government securities   0        
Deferred leasing costs and in-place lease intangibles   17,586        
Above-market leases   742        
Below-market ground lease   4,528        
Below-market leases   (9,968)        
Total assets assumed   $ 281,180        
Ferry Building | VIE, primary beneficiary            
Business Acquisition [Line Items]            
VIE, ownership percentage         55.00%  
6660 Santa Monica            
Total consideration            
Cash consideration for real estate investments $ 10,355          
Cash consideration for U.S. Government securities 0          
Debt assumed 0          
Redeemable non-controlling interest in consolidated real estate entities 0          
Total Consideration 10,355          
Allocation of consideration            
Investment in real estate 10,355          
U.S. Government securities 0          
Deferred leasing costs and in-place lease intangibles 0          
Above-market leases 0          
Below-market ground lease 0          
Below-market leases 0          
Total assets assumed $ 10,355          
Studio Segment | 6605 Eleanor Avenue            
Business Acquisition [Line Items]            
Area of real estate acquired | ft²       22,823    
Purchase price of properties acquired, asset acquisitions       $ 18,000    
Studio Segment | 1034 Seward Street            
Business Acquisition [Line Items]            
Area of real estate acquired | ft²       18,673    
Purchase price of properties acquired, asset acquisitions       $ 12,000    
Studio Segment | One Westside and 10850 Pico            
Business Acquisition [Line Items]            
Area of real estate acquired | ft²     595,987      
Purchase price of properties acquired, asset acquisitions     $ 190,000      
Studio Segment | 6660 Santa Monica            
Business Acquisition [Line Items]            
Area of real estate acquired | ft² 11,200          
Purchase price of properties acquired, asset acquisitions $ 10,000          
Office | Ferry Building            
Business Acquisition [Line Items]            
Area of real estate acquired | ft²   268,018        
Purchase price of properties acquired, asset acquisitions   $ 291,000