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Investment in Real Estate | 6 Months Ended
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Jun. 30, 2023
Real Estate [Abstract] |
Investment in Real Estate | Investment in Real Estate The following table summarizes the Company’s investment in real estate, at cost as of:
| June 30, 2023 |  | December 31, 2022
Land | $ | 1,397,711 |  |  | $ | 1,397,714 |
Building and improvements | 6,387,846 |  |  | 6,342,851 |
Tenant improvements | 903,557 |  |  | 868,193 |
Furniture and fixtures | 9,460 |  |  | 9,639 |
Property under development | 157,655 |  |  | 98,175 |
INVESTMENT IN REAL ESTATE, AT COST | $ | 8,856,229 |  |  | $ | 8,716,572 |
Acquisitions of Real Estate The Company had no acquisitions of real estate during the three and six months ended June 30, 2023. Impairment of Long-Lived Assets The Company assesses the carrying value of real estate assets and related intangibles whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable in accordance with GAAP. Impairment losses are recorded on real estate assets held for investment when indicators of impairment are present and the future undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amount. The Company recognizes impairment losses to the extent the carrying amount exceeds the fair value, based on Level 1 or Level 2 inputs. The Company had no impairments of real estate during the three and six months ended June 30, 2023. During the three and six months ended June 30, 2022, the Company recorded $3.3 million and $15.3 million, respectively, of impairment charges related to the tangible and intangible assets of its Del Amo office property, which was classified as held for sale as of June 30, 2022 and subsequently sold during the third quarter of 2022, due to a reduction in the estimated fair value of the property. The estimated fair value of $2.75 million was based on the estimated sales price of the property, which is classified within Level 2 of the fair value hierarchy. Dispositions of Real Estate The following table summarizes information on dispositions completed during the three and six months ended June 30, 2023. This property was considered non-strategic to the Company’s portfolio:
Property |  | Segment |  | Date of Disposition |  | Square Feet (unaudited) |  | Sales Price(1) (in millions)
Skyway Landing |  | Office |  | 2/6/2023 |  | 246,997 |  |  | $ | 102.0 |
_____________ 1.Represents gross sales price before certain credits, prorations and closing costs. The disposition of this property resulted in a gain of $7.0 million for the six months ended June 30, 2023, recorded within gain on sale of real estate on the Consolidated Statement of Operations.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 976 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//976/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 978 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//978/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 970 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//970/tableOfContent Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 972 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//972/tableOfContent Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 974 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//974/tableOfContent + Details
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