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Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2023
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, 2023
(In thousands)
Initial Costs
Total Adjustment to Basis(1)
Total Costs
Year Built / Renovated
Property name
Encumbrances
Land
Building & Improvements
Land
Building & Improvements
Total
Accumulated Depreciation(2)
Year Acquired
Office
875 Howard, San Francisco Bay Area, CA$— $18,058 $41,046 $43,512 $18,058 $84,558 $102,616 $(27,310)1920/20012007
6040 Sunset, Los Angeles, CA(3)
1,100,000 6,599 27,187 31,289 6,599 58,476 65,075 (25,674)20082008
ICON, Los Angeles, CA(3)
— — — 164,133 — 164,133 164,133 (38,569)20172008
CUE, Los Angeles, CA(3)
— — — 49,553 — 49,553 49,553 (9,758)20172008
EPIC, Los Angeles, CA(3)
— 10,606 — 215,477 10,606 215,477 226,083 (33,306)20192008
1455 Market, San Francisco Bay Area, CA— 41,226 34,990 95,870 41,226 130,860 172,086 (75,234)1976/20162010
Rincon Center, San Francisco Bay Area, CA
— 58,251 110,656 73,892 58,251 184,548 242,799 (61,774)1961/20202010
10950 Washington, Los Angeles, CA
— 17,979 25,110 6,982 17,979 32,092 50,071 (8,136)1957/19742010
275 Brannan, San Francisco Bay Area, CA— 4,187 8,063 13,852 4,187 21,915 26,102 (11,534)1905/20132011
625 Second, San Francisco Bay Area, CA— 10,744 42,650 6,028 10,744 48,678 59,422 (15,426)1906/19992011
10900 Washington, Los Angeles, CA— 1,400 1,200 398 1,400 1,598 2,998 (440)19732012
901 Market, San Francisco Bay Area, CA— 17,882 79,305 21,645 17,882 100,950 118,832 (32,877)1912/19852012
Element LA, Los Angeles, CA
168,000 79,769 19,755 96,827 79,769 116,582 196,351 (32,896)1949/20152012 2013
505 First, Greater Seattle, WA— 22,917 133,034 18,361 22,917 151,395 174,312 (39,683)20102013
83 King, Greater Seattle, WA— 12,982 51,403 12,894 12,982 64,297 77,279 (19,595)1904/20172013
Met Park North, Greater Seattle, WA
— 28,996 71,768 (1,373)28,996 70,395 99,391 (19,483)20002013
411 First, Greater Seattle, WA— 27,684 29,824 27,037 27,684 56,861 84,545 (18,465)1906/20172014
450 Alaskan, Greater Seattle, WA— — — 87,099 — 87,099 87,099 (17,343)20172014
95 Jackson, Greater Seattle, WA— — — 18,251 — 18,251 18,251 (3,510)1909/20182014
Palo Alto Square, San Francisco Bay Area, CA— — 326,033 47,941 — 373,974 373,974 (115,721)1971/20182015
3400 Hillview, San Francisco Bay Area, CA— — 159,641 (4,903)— 154,738 154,738 (53,984)19912015
Foothill Research Center, San Francisco Bay Area, CA— — 133,994 (33,036)— 100,958 100,958 (60,729)19912015
Page Mill Center, San Francisco Bay Area, CA— — 147,625 20,591 — 168,216 168,216 (52,347)1970/20202015
Clocktower Square, San Francisco Bay Area, CA— — 93,949 16,965 — 110,914 110,914 (31,083)1983/20192015
3176 Porter, San Francisco Bay Area, CA— — 34,561 1,133 — 35,694 35,694 (12,382)19912015
Towers at Shore Center, San Francisco Bay Area, CA— 72,673 144,188 22,221 72,673 166,409 239,082 (49,496)20012015
Shorebreeze, San Francisco Bay Area, CA— 69,448 59,806 22,162 69,448 81,968 151,416 (21,131)19872015
555 Twin Dolphin, San Francisco Bay Area, CA— 40,614 73,457 19,748 40,614 93,205 133,819 (24,444)19892015
333 Twin Dolphin, San Francisco Bay Area, CA— 36,441 64,892 20,483 36,441 85,375 121,816 (24,230)1985/20172015
Initial Costs
Total Adjustment to Basis(1)
Total Costs
Year Built / Renovated
Property name
Encumbrances
Land
Building & Improvements
Land
Building & Improvements
Total
Accumulated Depreciation(2)
Year Acquired
Metro Center, San Francisco Bay Area, CA— — 313,683 81,169 — 394,852 394,852 (101,246)1986/20202015
Concourse, San Francisco Bay Area, CA— 45,085 224,271 74,083 45,085 298,354 343,439 (77,607)1990/20222015
Gateway, San Francisco Bay Area, CA— 33,117 121,217 61,841 33,117 183,058 216,175 (50,731)1985/20172015
Metro Plaza, San Francisco Bay Area, CA— 16,038 106,156 69,731 16,038 175,887 191,925 (37,858)1986/20212015
1740 Technology, San Francisco Bay Area, CA— 8,052 49,486 15,030 8,052 64,516 72,568 (15,956)19852015
Skyport Plaza, San Francisco Bay Area, CA(4)
— 16,521 153,844 (561)16,521 153,283 169,804 (35,417)20012015
Techmart, San Francisco Bay Area, CA— — 66,660 20,236 — 86,896 86,896 (24,028)1986/20192015
Fourth & Traction, Los Angeles, CA— 12,140 37,110 69,173 12,140 106,283 118,423 (29,779)1915/20172015
Maxwell, Los Angeles, CA— 13,040 26,960 57,986 13,040 84,946 97,986 (18,484)1924/20192015
11601 Wilshire, Los Angeles, CA
— 28,978 321,273 67,958 28,978 389,231 418,209 (90,357)1983/20182016 2017
Hill7, Greater Seattle, WA
101,000 36,888 137,079 19,913 36,888 156,992 193,880 (39,881)20152016
Page Mill Hill, San Francisco Bay Area, CA
— — 131,402 11,798 — 143,200 143,200 (33,186)1975/20202016
Harlow, Los Angeles, CA— 7,455 — — 7,455 — 7,455 (7,591)20202017
Ferry Building, San Francisco Bay Area, CA(5)
— — 268,292 44,587 — 312,879 312,879 (48,559)1898/20032018
1918 Eighth, Greater Seattle, WA314,300 38,477 545,773 31,552 38,477 577,324 615,801 (57,508)20092020
5th & Bell, Greater Seattle, WA
— 20,866 82,072 16,355 20,866 98,427 119,293 (9,531)20022021
Washington 1000, Greater Seattle, WA
— 59,980 11,053 184,878 59,980 195,931 255,911 — Under development2022
5801 Bobby Foster Road, Albuquerque, NM
— 2,189 6,268 429 2,189 6,697 8,886 (357)20082022
Sunset Gower Studios, Los Angeles, CA(3)
— 101,477 64,697 83,040 101,477 147,737 249,214 (46,840)Various2007 2011 2012
Sunset Bronson Studios, Los Angeles, CA(3)
— 67,092 32,374 51,044 67,092 83,418 150,510 (34,005)Various2008
Sunset Las Palmas Studios, Los Angeles, CA(3)
— 134,488 104,392 148,492 134,488 252,884 387,372 (26,401)Various2017 2018
Various(6)
— — — 50,592 — 50,593 50,593 (6,555)N/A2022
TOTAL$1,683,300 $1,220,339 $4,718,199 $2,274,358 $1,220,339 $6,992,557 $8,212,896 $(1,728,437)

_____________
1.Consists of capital expenditures and real estate development costs, write-offs due to disposals and impairment charges.
2.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.
3.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.
4.During the year ended December 31, 2023, the Company sold a parcel of land at Skyport Plaza with an initial basis of $12.5 million and improvements capitalized subsequent to acquisition of $8.3 million.
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.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 $7.9 billion, unaudited as of December 31, 2023.

The following table reconciles the historical cost of total real estate held for investment and accumulated depreciation from January 1, 2021 to December 31, 2023:
Year Ended December 31,
202320222021
Total investment in real estate, beginning of year$8,716,572 $8,361,477 $8,215,017 
Additions during period:
Asset acquisitions— 101,653 102,939 
Business acquisitions— 47,741 — 
Improvements, capitalized costs353,544 553,327 394,633 
Total additions during period353,544 702,721 497,572 
Deductions during period
Disposals (fully depreciated assets and early terminations)(67,177)(51,812)(56,166)
Impairment loss(48,480)(17,636)(2,762)
Cost of property sold(741,563)(171,646)— 
Total deductions during period(857,220)(241,094)(58,928)
Ending balance, before reclassification to assets associated with real estate held for sale8,212,896 8,823,104 8,653,661 
Reclassification to assets associated with real estate held for sale— (106,532)(292,184)
TOTAL INVESTMENT IN REAL ESTATE, END OF YEAR$8,212,896 $8,716,572 $8,361,477 
Total accumulated depreciation, beginning of year$(1,541,271)$(1,283,774)$(1,102,748)
Additions during period:
Depreciation of real estate(340,019)(368,376)(292,802)
Total additions during period(340,019)(368,376)(292,802)
Deductions during period:
Deletions66,122 55,939 56,370 
Write-offs due to sale86,731 40,556 — 
Total deductions during period152,853 96,495 56,370 
Ending balance, before reclassification to assets associated with real estate held for sale(1,728,437)(1,555,655)(1,339,180)
Reclassification to assets associated with real estate held for sale— 14,384 55,406 
TOTAL ACCUMULATED DEPRECIATION, END OF YEAR$(1,728,437)$(1,541,271)$(1,283,774)