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Investment in Unconsolidated Joint Ventures (Details) (USD $)
3 Months Ended 1 Months Ended
Mar. 31, 2014
investment
sqft
Mar. 31, 2013
Dec. 31, 2013
Mar. 31, 2014
21 East 66th Street
sqft
Mar. 31, 2014
21 East 66th Street
Three retail units
unit
Mar. 31, 2014
21 East 66th Street
2 residential units
unit
Mar. 31, 2014
21 East 66th Street
Four residential units
unit
Mar. 31, 2014
521 Fifth Avenue
sqft
Mar. 31, 2014
100 Park Avenue
sqft
Mar. 31, 2014
717 Fifth Avenue
sqft
Mar. 31, 2014
800 Third Avenue
sqft
Mar. 31, 2014
1745 Broadway
sqft
Mar. 31, 2014
1 and 2 Jericho Plaza
sqft
Mar. 31, 2014
The Meadows
sqft
Mar. 31, 2014
388 and 390 Greenwich Street
sqft
Mar. 31, 2014
180/182 Broadway
sqft
Mar. 31, 2014
600 Lexington Avenue
sqft
Mar. 31, 2014
11 West 34th Street
sqft
Mar. 31, 2014
7 Renaissance
sqft
Sep. 30, 2012
3 Columbus Circle
Mar. 31, 2014
3 Columbus Circle
sqft
Mar. 31, 2014
280 Park Avenue
sqft
Mar. 31, 2014
1552-1560 Broadway
sqft
Dec. 31, 2013
1552-1560 Broadway
sqft
Mar. 31, 2014
747 Madison Avenue
sqft
Sep. 30, 2013
747 Madison Avenue
unit
Mar. 31, 2014
747 Madison Avenue
Joint Venture
Mar. 31, 2014
724 Fifth Avenue
sqft
Mar. 31, 2014
10 East 53rd Street
sqft
Mar. 31, 2014
33 Beekman
sqft
floor
Mar. 31, 2014
315 West 36th Street
sqft
Mar. 31, 2014
650 Fifth Avenue
sqft
General information on each joint venture                                                                
Number of VIEs in which the entity is not primary beneficiary (investments) 5                                                              
Net equity investment in VIEs in which the entity is not primary beneficiary $ 315,300,000   $ 310,700,000                                                          
Ownership Interest (as a percent)       32.28% [1] 32.28%   16.14% 50.50% 49.90% 10.92% 42.95% 32.26% 20.26% 50.00% 50.60% [2] 25.50% 55.00% 30.00% 50.00%   48.90% [3] 50.00% 50.00% [4]   33.33% [5]   100.00% 50.00% 55.00% 45.90% [6] 35.50% 50.00% [7]
Economic Interest (as a percent)       32.28% [1]       50.50% 49.90% 10.92% 42.95% 32.26% 20.26% 50.00% 50.60% [2] 25.50% 55.00% 30.00% 50.00%   48.90% [3] 49.50% 50.00% [4]   33.33% [5]     50.00% 55.00% 45.90% [6] 35.50% 50.00% [7]
Area of property (sqft) 34,299,788     17,000 [1]       460,000 834,000 120,000 526,000 674,000 640,000 582,000 2,600,000 [2] 71,000 304,000 17,000 37,000   769,000 [3] 1,237,000 49,000 [4] 13,045 10,000 [5]     65,000 390,000 145,000 [6] 148,000 32,000 [7]
Acquisition Price       75,000,000 [1],[8]       315,000,000 [8] 95,800,000 [8] 251,900,000 [8] 285,000,000 [8] 520,000,000 [8] 210,000,000 [8] 111,500,000 [8] 1,575,000,000 [2],[8] 43,600,000 [8] 193,000,000 [8] 10,800,000 [8] 4,000,000 [8]   500,000,000 [3],[8] 400,000,000 [8] 136,550,000 [4],[8]   66,250,000 [5],[8]     223,000,000 [8] 252,500,000 [8] 31,000,000 [6],[8] 45,000,000 [8] 0 [7],[8]
Recognized gain (loss) on sale of interest in property $ 104,640,000 $ 0                                   $ 0                        
Number of units in property (units)         3 2 4                                     5            
Number of floors of student housing (floors)                                                           30    
[1] We hold a 32.28% interest in three retail and two residential units at the property and a 16.14% in four residential units at the property.
[2] The property is leased to a single tenant under a triple-net lease arrangement, which expires in December 2035. The tenant also has an option to acquire the property for a specified price during the period from December 1, 2017 through December 31, 2020. In March 2014, we entered into a contract to acquire our partner's interest in the joint venture. See Note 18, "Commitments and Contingencies" for related disclosure.
[3] As a result of the sale of a condominium interest in September 2012, Young & Rubicam, Inc., or Y&R, owns a portion of the property, generally floors three through eight referred to as Y&R units. Because the joint venture has an option to repurchase the Y&R units, no gain was recognized on this sale.
[4] The purchase price pertained only to the purchase of the 1552 Broadway interest which comprised 13,045 square feet. The joint venture also owns a long-term leasehold interest in the retail space and certain other spaces at 1560 Broadway, which is adjacent to 1552 Broadway.
[5] The joint venture owns 100% interest as tenant-in-common in 30 East 65th Street Corporation and the related proprietary lease of five cooperative apartment units in the building.
[6] The joint venture owns a fee interest in the property and will develop an approximately 30 story building for student housing. Upon completion of the development, the joint venture will convey a long-term ground lease condominium interest in the building to Pace.
[7] The joint venture owns a long-term leasehold interest in the retail space at 650 Fifth Avenue. In connection with the ground lease obligation, SLG provided a performance guaranty and Sutton executed a contribution agreement to reflect its pro rata obligation. In the event the property is converted into a condominium unit and the landlord elects the purchase option, the joint venture shall be obligated to acquire the unit at the then fair value.
[8] Acquisition price represents the actual or implied gross purchase price for the joint venture.