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Investment in Real Estate (Tables)
9 Months Ended
Sep. 30, 2025
Real Estate [Abstract]  
Schedule of Investment in Real Estate
The following table summarizes the Company’s investment in real estate, at cost as of:
September 30, 2025December 31, 2024
Land$1,196,555 $1,235,974 
Building and improvements5,997,660 6,101,787 
Tenant improvements706,428 728,186 
Furniture and fixtures5,219 5,895 
Property under development57,537 161,444 
INVESTMENT IN REAL ESTATE, AT COST$7,963,399 $8,233,286 
Schedule of Dispositions of Real Estate
The following table summarizes information on dispositions completed during the nine months ended September 30, 2025. These properties were considered non-strategic to the Company’s portfolio:
PropertySegmentDate of Disposition Square Feet (unaudited)
Sales Price(1) (in millions)
(Loss) Gain on Sale(2) (in millions)
MaxwellOffice1/22/2025102,963 $46.0 $(2.2)
Foothill Research CenterOffice3/4/2025195,121 $23.0 $12.2 
625 SecondOffice5/30/2025138,354 $28.0 $— 
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1.Represents gross sales price before certain credits, prorations and closing costs.
2.Included within gain on sale of real estate, net on the Consolidated Statements of Operations.