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Mortgages and Other Loans Payable (Details) (USD $)
3 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended 12 Months Ended 0 Months Ended 2 Months Ended 9 Months Ended 1 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Nov. 30, 2012
Dec. 31, 2013
609 Partners, LLC
Dec. 31, 2012
609 Partners, LLC
Dec. 31, 2013
609 Partners, LLC
Series E preferred units
Dec. 31, 2013
125 Park Avenue
Dec. 31, 2012
125 Park Avenue
Dec. 31, 2013
711 Third Avenue
Dec. 31, 2012
711 Third Avenue
Dec. 31, 2013
625 Madison Avenue
Dec. 31, 2012
625 Madison Avenue
Dec. 31, 2013
500 West Putnam
Dec. 31, 2012
500 West Putnam
Dec. 31, 2013
420 Lexington Avenue
Dec. 31, 2012
420 Lexington Avenue
Dec. 31, 2013
Landmark Square
Dec. 31, 2012
Landmark Square
Dec. 31, 2013
485 Lexington Avenue
Dec. 31, 2012
485 Lexington Avenue
Dec. 31, 2013
120 West 45th Street
Dec. 31, 2012
120 West 45th Street
Dec. 31, 2013
762 Madison Avenue
Dec. 31, 2012
762 Madison Avenue
Dec. 31, 2013
2 Herald Square
Dec. 31, 2012
2 Herald Square
Dec. 31, 2013
885 Third Avenue
Dec. 31, 2012
885 Third Avenue
Dec. 31, 2013
Other loan payable
Dec. 31, 2012
Other loan payable
Dec. 31, 2013
One Madison Avenue
Dec. 31, 2012
One Madison Avenue
Dec. 31, 2013
100 Church
Dec. 31, 2012
100 Church
Dec. 31, 2013
919 Third Avenue
Dec. 31, 2012
919 Third Avenue
Dec. 31, 2013
400 East 57th Street
Dec. 31, 2012
400 East 57th Street
Dec. 31, 2013
400 East 58th Street
Dec. 31, 2012
400 East 58th Street
Feb. 28, 2013
1515 Broadway
Apr. 30, 2012
1515 Broadway
Dec. 31, 2013
1515 Broadway
Dec. 31, 2012
1515 Broadway
Dec. 31, 2013
300 Main Street
Dec. 31, 2012
300 Main Street
Oct. 31, 2013
220 East 42nd Street
Aug. 30, 2013
220 East 42nd Street
Dec. 31, 2013
220 East 42nd Street
Dec. 31, 2012
220 East 42nd Street
Dec. 31, 2013
Master repurchase
Dec. 31, 2012
Master repurchase
Dec. 31, 2013
16 Court Street
Dec. 31, 2012
16 Court Street
Dec. 31, 2013
180 Maiden Lane
Dec. 31, 2012
180 Maiden Lane
Dec. 31, 2013
248-252 Bedford Avenue
Dec. 31, 2012
248-252 Bedford Avenue
Nov. 30, 2013
LIBOR
Master repurchase
Sep. 30, 2013
LIBOR
Master repurchase
Dec. 31, 2013
LIBOR
16 Court Street
Dec. 31, 2013
LIBOR
Minimum
Master repurchase
Dec. 31, 2013
LIBOR
Maximum
Master repurchase
Mortgages and Other Loans Payable                                                                                                                                                
Interest rate, fixed rate debt (as a percent)                         5.00% [1],[2]     5.75% [1]   4.99% [1]   7.27% [1]   5.52% [1]   7.15% [1]   4.00% [1]   5.61% [1]   6.12% [1]   3.75% [1]   5.36% [1]   6.26% [1]   8.00% [1],[3]   5.91% [1]   4.68% [1]   5.12% [1],[4]   4.13% [1]   4.13% [1]       3.93% [1],[5]   0.00% [1],[6]       0.00% [1],[7]                            
Interest rate, floating rate debt (as a percent)                                                                                                       0.00% [1],[5]           4.05% [1],[7]   3.28% [1],[8]   3.22% [1],[9]   2.39% [1],[10]   2.44% [1]            
Total fixed rate debt $ 4,130,629,000       $ 3,457,769,000       $ 4,130,629,000 $ 3,457,769,000     $ 23,000 [2] $ 23,000 [2]   $ 146,250,000 $ 146,250,000 $ 120,000,000 $ 120,000,000 $ 120,830,000 $ 125,603,000 $ 23,529,000 $ 24,060,000 $ 182,641,000 $ 184,992,000 $ 82,909,000 $ 84,486,000 $ 450,000,000 $ 450,000,000 $ 170,000,000 $ 170,000,000 $ 8,211,000 $ 8,371,000 $ 191,250,000 $ 191,250,000 $ 267,650,000 $ 267,650,000 $ 50,000,000 [3] $ 50,000,000 [3] $ 587,336,000 $ 607,678,000 $ 230,000,000 $ 230,000,000 $ 500,000,000 [4] $ 500,000,000 [4] $ 70,000,000 $ 70,000,000 $ 30,000,000 $ 30,000,000     $ 900,000,000 [5] $ 0 [5] $ 0 [6] $ 11,500,000 [6]     $ 0 [7] $ 185,906,000 [7]                          
Total floating rate debt 729,949,000       1,157,695,000       729,949,000 1,157,695,000                                                                                   0 [5] 769,813,000 [5]         275,000,000 [7] 0 [7] 91,000,000 [8] 116,667,000 [8] 79,243,000 [9] 0 [9] 262,706,000 [10] 271,215,000 [10] 22,000,000 0          
Total mortgages and other loans payable 4,860,578,000       4,615,464,000       4,860,578,000 4,615,464,000                                                                                                                            
Preferred Units, shares issued (shares)                             63,900,000                                                                                                                  
Preferred Units (as a percent)                             5.00%                                                                                                                  
Preferred Units, liquidation preference (in dollars per share)                             $ 1.00                                                                                                                  
Preferred Units, shares outstanding (shares)                             22,658                                                                                                                  
Interest in property (as a percent)                                                                                       51.00%                                                        
Extinguishment of debt                                                                                                   775,000,000 447,200,000           185,900,000     175,000,000                        
Refinanced mortgage loan                                                                                                   900,000,000.0 775,000,000.0         275,000,000.0                                
Term                                                                                                   12 years 7 years         7 years                                
Loss (gain) on early extinguishment of debt (5,000) 0 10,000 18,513,000 6,978,000 0 0 0 18,518,000 6,978,000 (904,000)                                                                             18,500,000                                            
Prepayment penalty                                                                                                   7,600,000                                            
Revolving credit facility, maximum borrowing capacity 300,000,000.0               300,000,000.0     1,600,000,000.0                                                                                                                        
Interest rate added to base rate (as a percent)                                                                                                                                       3.50% 3.00% 3.50% 2.50% 3.25%
Repaid loan                                                                                                                           5,000,000                    
Gross book value of the properties and debt and preferred equity investments collateralizing the mortgages and other loans payable $ 8,000,000,000       $ 7,600,000,000       $ 8,000,000,000 $ 7,600,000,000                                                                                                                            
Variable rate floor (percent)                                                                                                                                           0.50%    
[1] Effective weighted average interest rate for the year ended December 31, 2013, taking into account interest rate hedges in effect during the period.
[2] As part of an acquisition, the Operating Partnership issued 63.9 million units of its 5.0% Series E preferred units, or the Series E units, with a liquidation preference of $1.00 per unit. As of December 31, 2013, 22,658 Series E units remaining outstanding.
[3] This loan is secured by a portion of a preferred equity investment.
[4] We own a 51.0% controlling interest in the joint venture that is the borrower on this loan. This loan is non-recourse to us.
[5] In April 2012, we refinanced the previous $447.2 million mortgage with a $775.0 million seven-year mortgage. In February 2013, we refinanced the previous $775.0 million mortgage with a new $900.0 million 12-year mortgage and realized a net loss on early extinguishment of debt of approximately $18.5 million, including a prepayment penalty of $7.6 million.
[6] The property was sold in September 2013.
[7] In October 2013, we closed on a $275.0 million seven-year mortgage. This new mortgage replaced the $185.9 million previous mortgage that was repaid in August 2013.
[8] In December 2013, we entered into a new Master Repurchase Agreement, or MRA, with a maximum facility capacity of $300.0 million, under which we agreed to sell certain debt investments in exchange for cash with a simultaneous agreement to repurchase the same debt investments at a certain date or on demand. This new MRA, which bears interest ranging from 250 and 325 basis points over one-month LIBOR depending on the pledged collateral, replaced the previous $175.0 million MRA facility, which bore interest based on one-month LIBOR plus 300 basis points basis points through September 2013 and 350 basis points through November 2013.
[9] In April 2013, we acquired interests from our joint venture partner, CIF, and have consolidated the entity due to our controlling interest. In December 2013, we repaid $5.0 million of the principal balance and modified and extended the terms of the existing mortgage. The modified mortgage bears interest based on one-month LIBOR plus 350 basis points with a floor of 50 basis points.
[10] In connection with this consolidated joint venture obligation, we executed a master lease agreement. Our partner has executed a contribution agreement to reflect its pro rata share of the obligation under the master lease.