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Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2021
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, 2021
(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 $27,838 $18,058 $68,884 $86,942 $(24,902)Various2007
6040 Sunset, Los Angeles, CA(2)
1,100,000 6,599 27,187 30,469 6,599 57,656 64,255 (21,054)20082008
ICON, Los Angeles, CA(2)
— — — 163,685 — 163,685 163,685 (27,274)20172008
CUE, Los Angeles, CA(2)
— — — 49,458 — 49,458 49,458 (6,425)20172008
EPIC, Los Angeles, CA(2)
— 10,606 — 215,670 10,606 215,670 226,276 (17,427)20192008
Del Amo, Los Angeles, CA— — 18,000 1,923 — 19,923 19,923 (4,710)19862010
1455 Market, San Francisco Bay Area, CA— 41,226 34,990 103,947 41,226 138,937 180,163 (61,732)19762010
Rincon Center, San Francisco Bay Area, CA
— 58,251 110,656 65,676 58,251 176,332 234,583 (47,781)1940/19892010
10950 Washington, Los Angeles, CA
— 17,979 25,110 1,303 17,979 26,413 44,392 (7,508)1957/19742010
604 Arizona, Los Angeles, CA— 5,620 14,745 4,453 5,620 19,198 24,818 (5,819)1950/20052011
275 Brannan, San Francisco Bay Area, CA— 4,187 8,063 13,740 4,187 21,803 25,990 (8,996)19052011
625 Second, San Francisco Bay Area, CA— 10,744 42,650 5,012 10,744 47,662 58,406 (12,507)1906/19992011
6922 Hollywood, Los Angeles, CA— 16,608 72,392 28,103 16,608 100,495 117,103 (25,751)19672011
10900 Washington, Los Angeles, CA— 1,400 1,200 141 1,400 1,341 2,741 (396)19732012
901 Market, San Francisco Bay Area, CA— 17,882 79,305 17,395 17,882 96,700 114,582 (25,598)1912/19852012
Element LA, Los Angeles, CA
168,000 79,769 19,755 96,243 79,769 115,998 195,767 (25,265)19492012 2013
3401 Exposition, Los Angeles, CA— 14,120 11,319 12,153 14,120 23,472 37,592 (6,694)19612013
505 First, Greater Seattle, WA— 22,917 133,034 5,382 22,917 138,416 161,333 (30,504)Various2013
83 King, Greater Seattle, WA— 12,982 51,403 11,893 12,982 63,296 76,278 (14,191)Various2013
Met Park North, Greater Seattle, WA
— 28,996 71,768 1,787 28,996 73,555 102,551 (18,946)20002013
Northview Center, Greater Seattle, WA— 4,803 41,191 4,905 4,803 46,096 50,899 (10,560)19912013
411 First, Greater Seattle, WA— 27,684 29,824 23,241 27,684 53,065 80,749 (12,849)Various2014
450 Alaskan, Greater Seattle, WA— — — 86,961 — 86,961 86,961 (11,497)Various2014
95 Jackson, Greater Seattle, WA— — — 15,809 — 15,809 15,809 (2,552)Various2014
Palo Alto Square, San Francisco Bay Area, CA— — 326,033 42,441 — 368,474 368,474 (88,649)19712015
3400 Hillview, San Francisco Bay Area, CA— — 159,641 (4,988)— 154,653 154,653 (41,618)19912015
Foothill Research Center, San Francisco Bay Area, CA— — 133,994 16,684 — 150,678 150,678 (44,845)19912015
Page Mill Center, San Francisco Bay Area, CA— — 147,625 23,189 — 170,814 170,814 (41,635)1970/20162015
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
Clocktower Square, San Francisco Bay Area, CA— — 93,949 17,213 — 111,162 111,162 (20,620)19832015
3176 Porter, San Francisco Bay Area, CA— — 34,561 690 — 35,251 35,251 (9,455)19912015
Towers at Shore Center, San Francisco Bay Area, CA— 72,673 144,188 23,131 72,673 167,319 239,992 (37,299)20012015
Skyway Landing, San Francisco Bay Area, CA— 37,959 63,559 2,741 37,959 66,300 104,259 (14,385)20012015
Shorebreeze, San Francisco Bay Area, CA— 69,448 59,806 19,056 69,448 78,862 148,310 (18,750)1985/19892015
555 Twin Dolphin, San Francisco Bay Area, CA— 40,614 73,457 16,356 40,614 89,813 130,427 (17,020)19892015
333 Twin Dolphin, San Francisco Bay Area, CA— 36,441 64,892 26,050 36,441 90,942 127,383 (22,370)19852015
Metro Center, San Francisco Bay Area, CA— — 313,683 65,707 — 379,390 379,390 (81,859)Various2015
Concourse, San Francisco Bay Area, CA— 45,085 224,271 50,592 45,085 274,863 319,948 (56,539)Various2015
Gateway, San Francisco Bay Area, CA— 33,117 121,217 52,944 33,117 174,161 207,278 (43,035)Various2015
Metro Plaza, San Francisco Bay Area, CA— 16,038 106,156 61,610 16,038 167,766 183,804 (32,694)19862015
1740 Technology, San Francisco Bay Area, CA— 8,052 49,486 4,704 8,052 54,190 62,242 (9,696)19852015
Skyport Plaza, San Francisco Bay Area, CA— 29,033 153,844 5,467 29,033 159,311 188,344 (28,396)2000/20012015
Techmart, San Francisco Bay Area, CA— — 66,660 19,677 — 86,337 86,337 (18,748)19862015
Fourth & Traction, Los Angeles, CA— 12,140 37,110 69,165 12,140 106,275 118,415 (17,753)Various2015
Maxwell, Los Angeles, CA— 13,040 26,960 57,612 13,040 84,572 97,612 (10,568)Various2015
11601 Wilshire, Los Angeles, CA
— 28,978 321,273 65,447 28,978 386,720 415,698 (63,180)19832016 2017
Hill7, Greater Seattle, WA
101,000 36,888 137,079 19,488 36,888 156,567 193,455 (28,215)20152016
Page Mill Hill, San Francisco Bay Area, CA
— — 131,402 11,918 — 143,320 143,320 (24,591)19752016
Harlow, Los Angeles, CA(3)
— 7,455 — 69,934 7,455 69,934 77,389 (1,387)N/A2017
One Westside, Los Angeles, CA(4)(5)
241,388 110,438 35,011 359,848 110,438 394,859 505,297 (2,173)19852018
10850 Pico, Los Angeles, CA(4)(5)
— 34,682 16,313 1,215 34,682 17,528 52,210 (1,803)19852018
Ferry Building, San Francisco Bay Area, CA(6)
— — 268,292 28,916 — 297,208 297,208 (28,537)1898/20032018
1918 Eighth, Greater Seattle, WA314,300 38,476 545,773 25,853 38,476 571,626 610,102 (19,687)20092020
5th and Bell, Greater Seattle, WA
— 20,867 82,072 31 20,867 82,103 102,970 (73)20022021
Studio
Sunset Gower Studios, Los Angeles, CA(2)
— 79,320 64,697 75,634 79,320 140,331 219,651 (38,684)Various2007 2011 2012
Sunset Bronson Studios, Los Angeles, CA(2)
— 67,092 32,374 46,878 67,092 79,252 146,344 (24,617)Various2008
Sunset Las Palmas Studios, Los Angeles, CA(2)
— 134,488 104,392 45,108 134,488 149,500 283,988 (19,361)Various2017 2018
TOTAL$1,924,688 $1,372,755 $4,973,408 $2,307,498 $1,372,755 $7,280,906 $8,653,661 $(1,339,180)
_____________
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 $1.1 billion mortgage loan. Refer to Part IV, Item 15(a) “Exhibits, Financial Statement Schedules—Note 9 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 $241.4 million construction loan with borrowing capacity of up to $414.6 million. Refer to Part IV, Item 15(a) “Exhibits, Financial Statement Schedules—Note 9 to the Consolidated Financial Statements-Debt” for additional information on secured debt.
5.These properties are encumbered by a $128.2 million debt secured by U.S. Government securities. Refer to Part IV, Item 15(a) “Exhibits, Financial Statement Schedules—Note 9 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 9 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 $8.7 billion, unaudited as of December 31, 2021.
The following table reconciles the historical cost of total real estate held for investment and accumulated depreciation from January 1, 2019 to December 31, 2021:
Year Ended December 31,
202120202019
Total investment in real estate, beginning of year$8,215,017 $7,269,128 $7,059,537 
Additions during period:
Acquisitions102,939 584,250 — 
Improvements, capitalized costs394,633 415,602 395,390 
Total additions during period497,572 999,852 395,390 
Deductions during period
Disposal (fully depreciated assets and early terminations)(56,166)(53,963)(27,957)
Impairment loss(2,762)— (52,201)
Cost of property sold— — (105,641)
Total deductions during period(58,928)(53,963)(185,799)
Ending balance, before reclassification to assets associated with real estate held for sale8,653,661 8,215,017 7,269,128 
Reclassification to assets associated with real estate held for sale(292,184)— — 
TOTAL INVESTMENT IN REAL ESTATE, END OF YEAR$8,361,477 $8,215,017 $7,269,128 
Total accumulated depreciation, beginning of year$(1,102,748)$(898,279)$(695,631)
Additions during period:
Depreciation of real estate(292,802)(258,732)(235,097)
Total additions during period(292,802)(258,732)(235,097)
Deductions during period:
Deletions56,370 54,263 26,533 
Write-offs due to sale— — 5,916 
Total deductions during period56,370 54,263 32,449 
Ending balance, before reclassification to assets associated with real estate held for sale(1,339,180)(1,102,748)(898,279)
Reclassification to assets associated with real estate held for sale55,406 — — 
TOTAL ACCUMULATED DEPRECIATION, END OF YEAR$(1,283,774)$(1,102,748)$(898,279)