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Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2020
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, 2020
(In thousands)
Initial Costs
Costs Capitalized Subsequent to Acquisition
Total Costs
Year Built / Renovated
Property name
Encumbrances
Land
Building & Improvements
Land
Building & Improvements
Total
Accumulated Depreciation(1)
Year Acquired
Office
875 Howard, San Francisco Bay Area, CA$18,058 $41,046 $26,779 $18,058 $67,825 $85,883 $(21,356)Various2007
6040 Sunset, Los Angeles, CA(2)
$900,000 6,599 27,187 30,469 6,599 57,656 64,255 (18,786)20082008
ICON, Los Angeles, CA(2)
— — — 163,252 — 163,252 163,252 (21,674)20172008
CUE, Los Angeles, CA(2)
— — — 49,239 — 49,239 49,239 (4,763)20172008
EPIC, Los Angeles, CA(2)
— 10,606 — 214,445 10,606 214,445 225,051 (9,566)20192008
Del Amo, Los Angeles, CA— — 18,000 2,814 — 20,814 20,814 (4,710)19862010
1455 Market, San Francisco Bay Area, CA— 41,226 34,990 100,475 41,226 135,465 176,691 (50,953)19762010
Rincon Center, San Francisco Bay Area, CA
— 58,251 110,656 60,052 58,251 170,708 228,959 (41,394)1940/19892010
10950 Washington, Los Angeles, CA
25,717 17,979 25,110 1,238 17,979 26,348 44,327 (6,747)1957/19742010
604 Arizona, Los Angeles, CA— 5,620 14,745 4,453 5,620 19,198 24,818 (4,966)1950/20052011
275 Brannan, San Francisco Bay Area, CA— 4,187 8,063 13,763 4,187 21,826 26,013 (7,729)19052011
625 Second, San Francisco Bay Area, CA— 10,744 42,650 6,265 10,744 48,915 59,659 (11,233)1906/19992011
6922 Hollywood, Los Angeles, CA— 16,608 72,392 25,837 16,608 98,229 114,837 (21,507)19672011
10900 Washington, Los Angeles, CA— 1,400 1,200 141 1,400 1,341 2,741 (354)19732012
901 Market, San Francisco Bay Area, CA— 17,882 79,305 17,282 17,882 96,587 114,469 (24,031)1912/19852012
Element LA, Los Angeles, CA
168,000 79,769 19,755 95,989 79,769 115,744 195,513 (21,470)19492012, 2013
3401 Exposition, Los Angeles, CA— 14,120 11,319 12,131 14,120 23,450 37,570 (5,723)19612013
505 First, Greater Seattle, WA— 22,917 133,034 4,799 22,917 137,833 160,750 (30,771)Various2013
83 King, Greater Seattle, WA— 12,982 51,403 13,589 12,982 64,992 77,974 (14,398)Various2013
Met Park North, Greater Seattle, WA
— 28,996 71,768 1,511 28,996 73,279 102,275 (17,096)20002013
Northview Center, Greater Seattle, WA— 4,803 41,191 3,405 4,803 44,596 49,399 (8,906)19912013
411 First, Greater Seattle, WA— 27,684 29,824 20,193 27,684 50,017 77,701 (11,402)Various2014
450 Alaskan, Greater Seattle, WA— — — 86,704 — 86,704 86,704 (8,520)Various2014
95 Jackson, Greater Seattle, WA— — — 16,768 — 16,768 16,768 (4,602)Various2014
Palo Alto Square, San Francisco Bay Area, CA— — 326,033 40,227 — 366,260 366,260 (73,883)19712015
3400 Hillview, San Francisco Bay Area, CA— — 159,641 2,648 — 162,289 162,289 (42,031)19912015
Foothill Research Center, San Francisco Bay Area, CA— — 133,994 16,625 — 150,619 150,619 (36,207)19912015
Page Mill Center, San Francisco Bay Area, CA— — 147,625 10,026 — 157,651 157,651 (34,679)1970/20162015
Clocktower Square, San Francisco Bay Area, CA— — 93,949 8,995 — 102,944 102,944 (15,358)19832015
3176 Porter, San Francisco Bay Area, CA— — 34,561 873 — 35,434 35,434 (8,247)19912015
Initial Costs
Costs Capitalized Subsequent to Acquisition
Total Costs
Year Built / Renovated
Property name
Encumbrances
Land
Building & Improvements
Land
Building & Improvements
Total
Accumulated Depreciation(1)
Year Acquired
Towers at Shore Center, San Francisco Bay Area, CA— 72,673 144,188 22,198 72,673 166,386 239,059 (30,875)20012015
Skyway Landing, San Francisco Bay Area, CA— 37,959 63,559 3,975 37,959 67,534 105,493 (12,686)20012015
Shorebreeze, San Francisco Bay Area, CA— 69,448 59,806 17,450 69,448 77,256 146,704 (15,760)1985/19892015
555 Twin Dolphin, San Francisco Bay Area, CA— 40,614 73,457 11,352 40,614 84,809 125,423 (13,719)19892015
333 Twin Dolphin, San Francisco Bay Area, CA— 36,441 64,892 20,489 36,441 85,381 121,822 (17,556)19852015
Metro Center, San Francisco Bay Area, CA— — 313,683 64,501 — 378,184 378,184 (70,078)Various2015
Concourse, San Francisco Bay Area, CA— 45,085 224,271 41,296 45,085 265,567 310,652 (45,998)Various2015
Gateway, San Francisco Bay Area, CA— 33,117 121,217 51,219 33,117 172,436 205,553 (37,351)Various2015
Metro Plaza, San Francisco Bay Area, CA— 16,038 106,156 34,282 16,038 140,438 156,476 (26,115)19862015
1740 Technology, San Francisco Bay Area, CA— 8,052 49,486 4,337 8,052 53,823 61,875 (9,913)19852015
Skyport Plaza, San Francisco Bay Area, CA— 29,033 153,844 4,139 29,033 157,983 187,016 (23,696)2000/20012015
Techmart, San Francisco Bay Area, CA— — 66,660 16,844 — 83,504 83,504 (15,916)19862015
Fourth & Traction, Los Angeles, CA— 12,140 37,110 69,497 12,140 106,607 118,747 (11,739)Various2015
Maxwell, Los Angeles, CA— 13,040 26,960 57,606 13,040 84,566 97,606 (6,772)Various2015
11601 Wilshire, Los Angeles, CA
— 28,978 321,273 59,914 28,978 381,187 410,165 (49,681)19832016, 2017
Hill7, Greater Seattle, WA
101,000 36,888 137,079 19,327 36,888 156,406 193,294 (22,391)20152016
Page Mill Hill, San Francisco Bay Area, CA
— — 131,402 9,643 — 141,045 141,045 (19,550)19752016
Harlow, Los Angeles, CA(3)
— 7,455 — 56,813 7,455 56,813 64,268 — N/A2017
One Westside, Los Angeles, CA(4)(5)
106,073 110,438 35,011 185,018 110,438 220,029 330,467 — 19852018
10850 Pico, Los Angeles, CA(4)(5)
— 34,682 16,313 (1,566)34,682 14,747 49,429 (1,308)19852018
Ferry Building, San Francisco Bay Area, CA(6)
— — 268,292 22,555 — 290,847 290,847 (19,346)1898/20032018
1918 Eighth, Greater Seattle, WA314,300 38,476 545,773 14,235 38,476 560,008 598,484 (620)20092020
Studio
Sunset Gower Studios, Los Angeles, CA(2)
— 79,320 64,697 60,320 79,320 125,017 204,337 (33,969)Various2007, 2011, 2012
Sunset Bronson Studios, Los Angeles, CA(2)
— 67,092 32,374 41,084 67,092 73,458 140,550 (20,415)Various2008
Sunset Las Palmas Studios, Los Angeles, CA(2)
— 134,488 104,392 34,278 134,488 138,670 273,158 (14,232)Various2017, 2018
TOTAL$1,615,090 $1,351,888 $4,891,336 $1,971,793 $1,351,888 $6,863,129 $8,215,017 $(1,102,748)
_____________
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.These properties are encumbered by a $900.0 million mortgage loan. Refer to Part IV, Item 15(a) “Exhibits, Financial Statement Schedules—Note 6 to the Consolidated Financial Statements-Debt” for additional information on secured debt.
3.This asset is currently under development.
4.These properties are encumbered by a $106.1 million construction loan with borrowing capacity of up to $414.6 million. Refer to Part IV, Item 15(a) “Exhibits, Financial Statement Schedules—Note 6 to the Consolidated Financial Statements-Debt” for additional information on secured debt.
5.These properties are encumbered by a $131.7 million debt secured by U.S. Government securities. Refer to Part IV, Item 15(a) “Exhibits, Financial Statement Schedules—Note 6 to the Consolidated Financial Statements-Debt” for additional information on in-substance defeased debt.
6.This property is encumbered by a $66.1 million debt due to our joint venture partner. Refer to Part IV, Item 15(a) “Exhibits, Financial Statement Schedules—Note 6 to the Consolidated Financial Statements-Debt” for additional information on joint venture partner debt.

The aggregate gross cost of property included above for federal income tax purposes approximated $8.0 billion, unaudited as of December 31, 2020.

The following table reconciles the historical cost of total real estate held for investment and accumulated depreciation from January 1, 2018 to December 31, 2020:
Year Ended December 31,
202020192018
Total investment in real estate, beginning of year$7,269,128 $7,059,537 $6,644,249 
Additions during period:
Acquisitions584,250 — 505,257 
Improvements, capitalized costs415,602 395,390 364,721 
Total additions during period999,852 395,390 869,978 
Deductions during period
Disposal (fully depreciated assets and early terminations)(53,963)(27,957)(27,821)
Impairment loss— (52,201)— 
Cost of property sold— (105,641)(426,869)
Total deductions during period(53,963)(185,799)(454,690)
Ending balance, before reclassification to assets associated with real estate held for sale8,215,017 7,269,128 7,059,537 
Reclassification to assets associated with real estate held for sale— — — 
TOTAL INVESTMENT IN REAL ESTATE, END OF YEAR$8,215,017 $7,269,128 $7,059,537 
Total accumulated depreciation, beginning of year$(898,279)$(695,631)$(549,411)
Additions during period:
Depreciation of real estate(258,732)(235,097)(203,347)
Total additions during period(258,732)(235,097)(203,347)
Deductions during period:
Deletions54,263 26,533 27,410 
Write-offs due to sale— 5,916 29,717 
Total deductions during period54,263 32,449 57,127 
Ending balance, before reclassification to assets associated with real estate held for sale(1,102,748)(898,279)(695,631)
Reclassification to assets associated with real estate held for sale— — — 
TOTAL ACCUMULATED DEPRECIATION, END OF YEAR$(1,102,748)$(898,279)$(695,631)