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Investment in Real Estate (Tables)
 12 Months Ended
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, 2021December 31, 2020
Land$1,313,385 $1,351,888 
Building and improvements6,241,254 5,840,819 
Tenant improvements786,991 728,111 
Furniture and fixtures14,020 12,250 
Property under development5,827 281,949 
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 5th & 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:
PropertySegmentDate of Disposition Square Feet
Sales Price(1) (in millions)
Campus Center OfficeOffice7/24/2019471,580 $70.3 
Campus Center LandOffice7/30/2019946,350 78.1 
TOTAL DISPOSITIONS IN 20191,417,930 $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:
PropertySegment SubmarketSquare Feet
Northview CenterOfficeLynnwood179,985 
Skyway LandingOfficeRedwood Shores246,997 
Del AmoOfficeHollywood205,189 
6922 HollywoodOfficeTorrance113,000 
TOTAL HELD FOR SALE IN 2021745,171 

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 LandingDel Amo6922 Hollywood
ASSETS
Investment in real estate, net$40,338 $89,873 $15,213 $91,353 
Accounts receivable, net95 142 — 103 
Straight-line rent receivables, net901 1,659 — 4,714 
Deferred leasing costs and intangible assets, net751 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 rent395 1,205 — 360 
LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE$579 $1,478 $12 $1,828