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Investment in Real Estate (Tables) | 12 Months Ended
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Dec. 31, 2021
Real Estate [Abstract] |
Investment in Real Estate | The following table summarizes the Company’s investment in real estate, at cost as of:
| December 31, 2021 |  | December 31, 2020
Land | $ | 1,313,385 |  |  | $ | 1,351,888 |
Building and improvements | 6,241,254 |  |  | 5,840,819 |
Tenant improvements | 786,991 |  |  | 728,111 |
Furniture and fixtures | 14,020 |  |  | 12,250 |
Property under development | 5,827 |  |  | 281,949 |
INVESTMENT IN REAL ESTATE, AT COST | $ | 8,361,477 |  |  | $ | 8,215,017 |
Real Estate Acquisitions, Allocation of Consideration | The following table represents the Company’s final purchase price accounting for the 5 th & Bell acquisition:
TOTAL CONSIDERATION |  | $ | 118,907 |
Allocation of consideration |  |
Investment in real estate |  | $ | 102,939 |
Deferred leasing costs and in-place lease intangibles(1) |  | 10,443 |
Below-market ground leases(1) |  | 10,844 |
Below-market leases(1) |  | (5,319) |
TOTAL |  | $ | 118,907 |
_____________ 1.Represents weighted-average amortization period of 9.4 years (before any renewal or extension options). The following table represents the Company’s final purchase price accounting for the 1918 Eighth acquisition:
TOTAL CONSIDERATION |  | $ | 593,945 |
Allocation of consideration |  |
Investment in real estate |  | $ | 584,250 |
Deferred leasing costs and in-place lease intangibles(1) |  | 37,563 |
Above-market leases(2) |  | 335 |
Below-market leases(3) |  | (28,203) |
TOTAL |  | $ | 593,945 |
_____________ 1.Represents weighted-average amortization period of 9.1 years (before any renewal or extension options). 2.Represents weighted-average amortization period of 7.8 years (before any renewal or extension options). 3.Represents weighted-average amortization period of 9.3 years (before any renewal or extension options).
Real Estate Dispositions | The following table summarizes information on dispositions completed during the year ended December 31, 2019:
Property |  | Segment |  | Date of Disposition |  | Square Feet |  | Sales Price(1) (in millions)
Campus Center Office |  | Office |  | 7/24/2019 |  | 471,580 |  |  | $ | 70.3 |
Campus Center Land |  | Office |  | 7/30/2019 |  | 946,350 |  |  | 78.1 |
TOTAL DISPOSITIONS IN 2019 |  |  |  |  |  | 1,417,930 |  |  | $ | 148.4 |
_____________ 1.Represents gross sales price before certain credits, prorations and closing costs.
Held For Sale | The following table summarizes information on properties held for sale as of December 31, 2021:
Property |  | Segment |  | Submarket |  | Square Feet
Northview Center |  | Office |  | Lynnwood |  | 179,985 |
Skyway Landing |  | Office |  | Redwood Shores |  | 246,997 |
Del Amo |  | Office |  | Hollywood |  | 205,189 |
6922 Hollywood |  | Office |  | Torrance |  | 113,000 |
TOTAL HELD FOR SALE IN 2021 |  |  |  |  |  | 745,171 |
The following table summarizes the components of assets and liabilities associated with real estate held for sale as of December 31, 2021:
|  | Northview Center |  | Skyway Landing |  | Del Amo |  | 6922 Hollywood
ASSETS |  |  |  |  |  |  |  |
Investment in real estate, net |  | $ | 40,338 |  |  | $ | 89,873 |  |  | $ | 15,213 |  |  | $ | 91,353 |
Accounts receivable, net |  | 95 |  |  | 142 |  |  | — |  |  | 103 |
Straight-line rent receivables, net |  | 901 |  |  | 1,659 |  |  | — |  |  | 4,714 |
Deferred leasing costs and intangible assets, net |  | 751 |  |  | 450 |  |  | 2,742 |  |  | 1,999 |
Prepaid expenses and other assets, net |  | — |  |  | — |  |  | — |  |  | 187 |
ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE |  | $ | 42,085 |  |  | $ | 92,124 |  |  | $ | 17,955 |  |  | $ | 98,356 |
LIABILITIES |  |  |  |  |  |  |  |
Accounts payable, accrued liabilities and other |  | $ | 184 |  |  | $ | 273 |  |  | $ | 12 |  |  | $ | 1,372 |
Intangible liabilities, net |  | — |  |  | — |  |  | — |  |  | 96 |
Security deposits and prepaid rent |  | 395 |  |  | 1,205 |  |  | — |  |  | 360 |
LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE |  | $ | 579 |  |  | $ | 1,478 |  |  | $ | 12 |  |  | $ | 1,828 |

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- Definition Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
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