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Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2022
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, 2022
(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 $34,225 $18,058 $75,271 $93,329 $(27,487)Various2007
6040 Sunset, Los Angeles, CA(2)
1,100,000 6,599 27,187 30,493 6,599 57,680 64,279 (23,323)20082008
ICON, Los Angeles, CA(2)
— — — 164,023 — 164,023 164,023 (32,911)20172008
CUE, Los Angeles, CA(2)
— — — 49,573 — 49,573 49,573 (8,089)20172008
EPIC, Los Angeles, CA(2)
— 10,606 — 215,489 10,606 215,489 226,095 (25,296)20192008
1455 Market, San Francisco Bay Area, CA— 41,226 34,990 106,171 41,226 141,161 182,387 (72,938)19762010
Rincon Center, San Francisco Bay Area, CA
— 58,251 110,656 73,587 58,251 184,243 242,494 (55,427)1940/19892010
10950 Washington, Los Angeles, CA
— 17,979 25,110 2,174 17,979 27,284 45,263 (8,309)1957/19742010
604 Arizona, Los Angeles, CA— 5,620 14,745 4,493 5,620 19,238 24,858 (6,673)1950/20052011
275 Brannan, San Francisco Bay Area, CA— 4,187 8,063 13,785 4,187 21,848 26,035 (10,271)19052011
625 Second, San Francisco Bay Area, CA— 10,744 42,650 5,983 10,744 48,633 59,377 (14,224)1906/19992011
10900 Washington, Los Angeles, CA— 1,400 1,200 248 1,400 1,448 2,848 (440)19732012
901 Market, San Francisco Bay Area, CA— 17,882 79,305 22,424 17,882 101,729 119,611 (29,069)1912/19852012
Element LA, Los Angeles, CA
168,000 79,769 19,755 96,382 79,769 116,137 195,906 (29,075)19492012 2013
3401 Exposition, Los Angeles, CA— 14,120 11,319 12,160 14,120 23,479 37,599 (7,665)19612013
505 First, Greater Seattle, WA— 22,917 133,034 13,280 22,917 146,314 169,231 (34,708)Various2013
83 King, Greater Seattle, WA— 12,982 51,403 12,434 12,982 63,837 76,819 (16,874)Various2013
Met Park North, Greater Seattle, WA
— 28,996 71,768 2,211 28,996 73,979 102,975 (21,333)20002013
411 First, Greater Seattle, WA— 27,684 29,824 25,201 27,684 55,025 82,709 (15,265)Various2014
450 Alaskan, Greater Seattle, WA— — — 86,952 — 86,952 86,952 (14,484)Various2014
95 Jackson, Greater Seattle, WA— — — 17,284 — 17,284 17,284 (2,552)Various2014
Palo Alto Square, San Francisco Bay Area, CA— — 326,033 48,799 — 374,832 374,832 (102,650)19712015
3400 Hillview, San Francisco Bay Area, CA— — 159,641 (4,948)— 154,693 154,693 (47,799)19912015
Foothill Research Center, San Francisco Bay Area, CA— — 133,994 16,723 — 150,717 150,717 (53,489)19912015
Page Mill Center, San Francisco Bay Area, CA— — 147,625 25,259 — 172,884 172,884 (49,358)1970/20162015
Clocktower Square, San Francisco Bay Area, CA— — 93,949 17,221 — 111,170 111,170 (26,027)19832015
3176 Porter, San Francisco Bay Area, CA— — 34,561 1,073 — 35,634 35,634 (10,910)19912015
Towers at Shore Center, San Francisco Bay Area, CA— 72,673 144,188 23,951 72,673 168,139 240,812 (44,268)20012015
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
Skyway Landing, San Francisco Bay Area, CA— 37,959 63,559 5,014 37,959 68,573 106,532 (14,384)20012015
Shorebreeze, San Francisco Bay Area, CA— 69,448 59,806 23,217 69,448 83,023 152,471 (20,525)1985/19892015
555 Twin Dolphin, San Francisco Bay Area, CA— 40,614 73,457 17,062 40,614 90,519 131,133 (20,038)19892015
333 Twin Dolphin, San Francisco Bay Area, CA— 36,441 64,892 20,418 36,441 85,310 121,751 (19,918)19852015
Metro Center, San Francisco Bay Area, CA— — 313,683 65,028 — 378,711 378,711 (90,199)Various2015
Concourse, San Francisco Bay Area, CA— 45,085 224,271 56,834 45,085 281,105 326,190 (66,571)Various2015
Gateway, San Francisco Bay Area, CA— 33,117 121,217 54,749 33,117 175,966 209,083 (48,494)Various2015
Metro Plaza, San Francisco Bay Area, CA— 16,038 106,156 67,792 16,038 173,948 189,986 (32,971)19862015
1740 Technology, San Francisco Bay Area, CA— 8,052 49,486 13,209 8,052 62,695 70,747 (12,550)19852015
Skyport Plaza, San Francisco Bay Area, CA— 29,033 153,844 6,132 29,033 159,976 189,009 (31,845)2000/20012015
Techmart, San Francisco Bay Area, CA— — 66,660 21,335 — 87,995 87,995 (21,854)19862015
Fourth & Traction, Los Angeles, CA— 12,140 37,110 69,146 12,140 106,256 118,396 (23,767)Various2015
Maxwell, Los Angeles, CA— 13,040 26,960 57,764 13,040 84,724 97,764 (14,493)Various2015
11601 Wilshire, Los Angeles, CA
— 28,978 321,273 62,801 28,978 384,074 413,052 (75,966)19832016 2017
Hill7, Greater Seattle, WA
101,000 36,888 137,079 19,528 36,888 156,607 193,495 (34,045)20152016
Page Mill Hill, San Francisco Bay Area, CA
— — 131,402 13,058 — 144,460 144,460 (29,477)19752016
Harlow, Los Angeles, CA— 7,455 — 80,474 7,455 80,474 87,929 (4,517)N/A2017
One Westside, Los Angeles, CA(4)
316,602 110,438 35,011 362,729 110,438 397,740 508,178 (28,980)19852018
10850 Pico, Los Angeles, CA(4)
— 34,682 16,313 5,998 34,682 22,311 56,993 (1,657)19852018
Ferry Building, San Francisco Bay Area, CA(5)
— — 268,292 33,224 — 301,516 301,516 (38,387)1898/20032018
1918 Eighth, Greater Seattle, WA314,300 38,476 545,773 31,400 38,476 577,173 615,649 (38,267)20092020
5th & Bell, Greater Seattle, WA
— 20,867 82,072 15,511 20,867 97,583 118,450 (4,705)20022021
Washington 1000, Greater Seattle, WA(3)
— 59,987 11,053 80,278 59,987 91,331 151,318 — Under development2022
5801 Bobby Foster Road, Albuquerque, NM
— 2,189 6,268 116 2,189 6,384 8,573 (89)20082022
Sunset Gower Studios, Los Angeles, CA(2)(6)
— 101,476 64,697 79,189 101,476 143,886 245,362 (41,308)Various2007 2011 2012
Sunset Bronson Studios, Los Angeles, CA(2)
— 67,092 32,374 50,030 67,092 82,404 149,496 (29,129)Various2008
Sunset Las Palmas Studios, Los Angeles, CA(2)
— 134,488 104,392 51,001 134,488 155,393 289,881 (20,605)Various2017 2018
Various(7)
— — — 48,595 — 48,595 48,595 — N/A2022
TOTAL$1,999,902 $1,435,676 $4,859,146 $2,528,282 $1,435,676 $7,387,428 $8,823,104 $(1,555,655)
_____________
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 and leasehold 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 8 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 $316.6 million construction loan with borrowing capacity of up to $414.6 million. Refer to Part IV, Item 15(a) “Exhibits, Financial Statement Schedules—Note 8 to the Consolidated Financial Statements-Debt” for additional information on secured debt.
5.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 8 to the Consolidated Financial Statements-Debt” for additional information on joint venture partner debt.
6.During the year ended December 31, 2022, the Company purchased a parcel of land at Sunset Gower Studios that was previously encumbered by a ground lease for a total purchase price of $22.2 million.
7.Represents leasehold improvements capitalized in connection with the Company’s leasehold interests in 27 sound stages.

The aggregate gross cost of property included above for federal income tax purposes approximated $8.4 billion, unaudited as of December 31, 2022.
The following table reconciles the historical cost of total real estate held for investment and accumulated depreciation from January 1, 2020 to December 31, 2022:
Year Ended December 31,
202220212020
Total investment in real estate, beginning of year$8,361,477 $8,215,017 $7,269,128 
Additions during period:
Asset acquisitions101,653 102,939 584,250 
Business acquisitions47,741 — — 
Improvements, capitalized costs553,327 394,633 415,602 
Total additions during period702,721 497,572 999,852 
Deductions during period
Disposals (fully depreciated assets and early terminations)(51,812)(56,166)(53,963)
Impairment loss(17,636)(2,762)— 
Cost of property sold(171,646)— — 
Total deductions during period(241,094)(58,928)(53,963)
Ending balance, before reclassification to assets associated with real estate held for sale8,823,104 8,653,661 8,215,017 
Reclassification to assets associated with real estate held for sale(106,532)(292,184)— 
TOTAL INVESTMENT IN REAL ESTATE, END OF YEAR$8,716,572 $8,361,477 $8,215,017 
Total accumulated depreciation, beginning of year$(1,283,774)$(1,102,748)$(898,279)
Additions during period:
Depreciation of real estate(368,376)(292,802)(258,732)
Total additions during period(368,376)(292,802)(258,732)
Deductions during period:
Deletions55,939 56,370 54,263 
Write-offs due to sale40,556 — — 
Total deductions during period96,495 56,370 54,263 
Ending balance, before reclassification to assets associated with real estate held for sale(1,555,655)(1,339,180)(1,102,748)
Reclassification to assets associated with real estate held for sale14,384 55,406 — 
TOTAL ACCUMULATED DEPRECIATION, END OF YEAR$(1,541,271)$(1,283,774)$(1,102,748)