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Investment in Real Estate (Tables)

12 Months Ended

Dec. 31, 2023

Real Estate [Abstract]

Schedule of Investment in Real Estate

The following table summarizes the Company’s investment in real estate, at cost as of:

			December 31, 2023						December 31, 2022
Land			$	1,220,339					$	1,397,714
Building and improvements			5,969,364						6,273,655
Tenant and leasehold improvements			818,653						868,193
Furniture and fixtures			8,609						9,639
Property under development			195,931						167,371
INVESTMENT IN REAL ESTATE, AT COST			$	8,212,896					$	8,716,572

Schedule of Allocation of Acquisition Cost

The following table represents the Company’s final purchase price accounting for the asset acquisitions completed in 2022:

						Washington 1000						Sunset Gower Studios Land						5801 Bobby Foster Road
TOTAL ACQUISITION COST(1)						$	86,313					$	22,156					$	8,457
Relative fair value allocation
Land						$	59,987					$	22,156					$	2,189
Building and improvements						11,053						—						6,268
Parking easement(2)						15,273						—						—
TOTAL						$	86,313					$	22,156					$	8,457

_____________

1.Includes capitalized transaction-related expenses.

2.Parking easement has an indefinite useful life and is recorded in deferred leasing costs and intangible assets, net on the Consolidated Balance Sheet.

Schedule of Real Estate Dispositions

The following table summarizes information on dispositions completed during the years ended December 31, 2023 and 2022.

Property						Segment						Date of Disposition						Square Feet (unaudited)						Sales Price(1) (in millions)						Gain (Loss) on Sale(2) (in millions)
2023 Dispositions
Skyway Landing						Office						2/6/2023						246,997						$	102.0					$	7.0
604 Arizona						Office						8/24/2023						44,260						32.5						10.3
3401 Exposition						Office						8/25/2023						63,376						40.0						5.8
Cloud10						Office						11/21/2023						350,000						43.5						19.9
One Westside & Westside Two						Office						12/27/2023						686,725						700.0						60.2
Total																								$	918.0					$	103.2
2022 Dispositions
Del Amo						Office						8/5/2022						113,000						$	2.8					$	—
Northview						Office						8/30/2022						179,985						46.0						(0.2)
6922 Hollywood						Office						10/20/2022						205,189						96.0						(2.0)
Total																								$	144.8					$	(2.2)

_____________ 

1.Represents gross sales price before certain credits, prorations and closing costs.

2.Included within gain (loss) on sale of real estate on the Consolidated Statement of Operations.

Schedule of Held for Sale

The following table summarizes the components of assets and liabilities associated with real estate held for sale as of December 31, 2022:

ASSETS
Investment in real estate, net						$	92,148
Accounts receivable, net						112
Straight-line rent receivables, net						460
Deferred leasing costs and intangible assets, net						501
Prepaid expenses and other assets, net						17
ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE						$	93,238
LIABILITIES
Accounts payable, accrued liabilities and other						$	400
Security deposits and prepaid rent						265
LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE						$	665

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