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Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Operating Activity
The table below presents the operating activity of the Company’s reportable segments:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Office segment
Core office revenues$152,696 $173,063 $314,865 $345,030 
Core office expenses
Utilities(5,973)(6,085)(12,038)(12,156)
Taxes(16,244)(18,261)(33,217)(36,836)
Administrative(7,310)(7,293)(14,900)(14,560)
Insurance(5,548)(6,804)(12,212)(13,230)
Other segment expenses(1)
(33,289)(33,885)(65,232)(65,385)
Total core office expenses(68,364)(72,328)(137,599)(142,167)
Office net operating income84,332 100,735 177,266 202,863 
Studio segment
Studio revenues34,169 41,961 67,417 80,909 
Studio expenses
Rent expense & real estate taxes(8,699)(8,189)(22,460)(16,558)
Cost of goods sold(5,101)(7,661)(9,905)(15,423)
Other segment expenses(2)
(22,752)(22,102)(45,168)(43,080)
Total studio expenses(36,552)(37,952)(77,533)(75,061)
Studio net operating income(2,383)4,009 (10,116)5,848 
TOTAL SEGMENT PROFIT$81,949 $104,744 $167,150 $208,711 
_________________
1.Includes ground lease rent, cleaning, parking, engineering, security, mechanical, electrical & plumbing and repairs & maintenance expenses.
2.Includes administrative, utilities, security, cleaning, engineering and repairs & maintenance expenses.

The table below presents the reconciliation of segment revenue to consolidated revenue:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Office segment
Core office revenues$152,696 $173,063 $314,865 $345,030 
Chargebacks3,137 2,976 6,179 6,084 
Total office revenues155,833 176,039 321,044 351,114 
Studio segment
Total studio revenues34,169 41,961 67,417 80,909 
Total revenues$190,002 $218,000 $388,461 $432,023 
The table below reconciles net loss to total profit from all segments:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
NET LOSS$(87,760)$(47,557)$(168,038)$(100,912)
General and administrative27,776 20,705 46,259 40,415 
Depreciation and amortization94,751 86,798 187,836 178,652 
Loss from unconsolidated real estate entities205 2,481 1,459 3,224 
Fee income(1,476)(1,371)(2,835)(2,496)
Interest expense48,137 44,159 91,642 88,248 
Interest income(2,123)(579)(2,558)(1,433)
Management services reimbursement income—unconsolidated real estate entities(1,123)(1,042)(2,098)(2,198)
Management services expense—unconsolidated real estate entities1,123 1,042 2,098 2,198 
Transaction-related expenses451 (113)451 2,037 
Unrealized (gain) loss on non-real estate investments(212)1,045 237 1,943 
Loss (gain) on sale of real estate, net16 — (10,007)— 
Impairment loss— — 18,476 — 
Loss on extinguishment of debt1,637 — 3,495 — 
Other loss (income)93 (1,334)85 (1,477)
Income tax provision454 510 648 510 
TOTAL PROFIT FROM ALL SEGMENTS$81,949 $104,744 $167,150 $208,711