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Mortgages Payable | 9 Months Ended
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Sep. 30, 2015
Mortgages Payable [Abstract] |
Mortgages Payable [Text Block] | 9. Mortgages Payable On August 5, 2015, we completed a $350,000,000 refinancing of the retail portion of 731 Lexington Avenue. The interest-only loan is at LIBOR plus 1.40% and matures in August 2020, with two one-year extension options. The following is a summary of our outstanding mortgages payable as of September 30, 2015 and December 31, 2014.
|  |  |  |  |  |  |  |  |  | Balance at |
|  |  |  |  |  | Interest Rate at |  |  | September 30, |  | December 31, |
(Amounts in thousands) | Maturity(1) |  | September 30, 2015 |  |  | 2015 |  | 2014 |
First mortgages secured by: |  |  |  |  |  |  |  |  |  |  |  |
| Rego Park I shopping center (100% cash |  |  |  |  |  |  |  |  |  |  |  |
| collateralized)(2) | Mar. 2016 |  | 0.40 | % |  |  | $ | 78,246 |  | $ | 78,246 |
| Paramus | Oct. 2018 |  | 2.90 | % |  |  |  | 68,000 |  |  | 68,000 |
| Rego Park II shopping center(3) | Nov. 2018 |  | 2.04 | % |  |  |  | 264,162 |  |  | 266,534 |
| 731 Lexington Avenue, office space(4) | Mar. 2021 |  | 1.16 | % |  |  |  | 300,000 |  |  | 300,000 |
| 731 Lexington Avenue, retail space | Aug. 2022 |  | 1.61 | % |  |  |  | 350,000 | (5) |  | 320,000 |
|  |  |  |  |  |  |  |  |  | $ | 1,060,408 |  | $ | 1,032,780 |
(1) | Represents the extended maturity where we have the unilateral right to extend. |
(2) | Extended for one year from March 10, 2015. |
(3) | Interest at LIBOR plus 1.85%. |
(4) | Interest at LIBOR plus 0.95%. |
(5) | Interest at LIBOR plus 1.40%. |

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- Definition The entire disclosure for mortgage notes payable. + References No definition available. + Details
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