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OTHER INCOME ITEMS
12 Months Ended
Dec. 31, 2016
OTHER INCOME ITEMS  
OTHER INCOME ITEMS

NOTE 8—OTHER INCOME ITEMS

Other Income

        During 2016, the Company received $484,000 from CDOT, and has been advised by CDOT that it will remit to the Company an additional $25,000, as a result of a partial condemnation of land and easements obtained by CDOT at the Company's Greenwood Village, Colorado property. Of this aggregate of $509,000, $356,000 is attributable to easements and is included in Other income on the consolidated statement of income for the year ended December 31, 2016. See Note 5 regarding the $153,000 balance which is attributable to the related partial condemnation of land.

Lease Termination Fees

        In 2015 and 2014, the Company received lease termination fees of $2,886,000 and $1,269,000, respectively, from tenants in lease buy-out transactions. In connection with the receipt of these fees, the Company wrote-off an aggregate of $530,000 and $150,000 as offsets to rental income, representing the entire balance of the unbilled rent receivables and the intangible lease assets related to these tenants as of December 31, 2015 and 2014, respectively. The Company re-leased substantially all of such spaces simultaneously with the termination of the leases.