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Mortgages and Other Loans Payable (Details) (USD $)
3 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 1 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Jun. 30, 2014
Series J Preferred Units
Dec. 31, 2013
Series J Preferred Units
Jun. 30, 2014
Master repurchase agreement
Dec. 31, 2013
Master repurchase agreement
Jun. 30, 2014
125 Park Avenue
Dec. 31, 2013
125 Park Avenue
Jun. 30, 2014
711 Third Avenue
Dec. 31, 2013
711 Third Avenue
Jun. 30, 2014
625 Madison Avenue
Dec. 31, 2013
625 Madison Avenue
Jun. 30, 2014
500 West Putnam Avenue
Dec. 31, 2013
500 West Putnam Avenue
Jun. 30, 2014
420 Lexington Avenue
Dec. 31, 2013
420 Lexington Avenue
Jun. 30, 2014
Landmark Square
Dec. 31, 2013
Landmark Square
Jun. 30, 2014
485 Lexington Avenue
Dec. 31, 2013
485 Lexington Avenue
Jun. 30, 2014
120 West 45th Street
Dec. 31, 2013
120 West 45th Street
Jun. 30, 2014
762 Madison Avenue
Dec. 31, 2013
762 Madison Avenue
Jun. 30, 2014
2 Herald Square
Dec. 31, 2013
2 Herald Square
Jun. 30, 2014
885 Third Avenue
Dec. 31, 2013
885 Third Avenue
Jun. 30, 2014
388 and 390 Greenwich Street
Dec. 31, 2013
388 and 390 Greenwich Street
Jun. 30, 2014
Other loan payable
Dec. 31, 2013
Other loan payable
Jun. 30, 2014
One Madison Avenue
Dec. 31, 2013
One Madison Avenue
Jun. 30, 2014
100 Church
Dec. 31, 2013
100 Church
Jun. 30, 2014
919 Third Avenue
Dec. 31, 2013
919 Third Avenue
Jun. 30, 2014
400 East 57th Street
Dec. 31, 2013
400 East 57th Street
Jun. 30, 2014
400 East 58th Street
Dec. 31, 2013
400 East 58th Street
Jun. 30, 2014
1515 Broadway
Dec. 31, 2013
1515 Broadway
Jun. 30, 2014
609 Partners, LLC
Dec. 31, 2013
609 Partners, LLC
Jun. 30, 2014
609 Partners, LLC
Series E preferred units
Jun. 30, 2014
Master repurchase agreement
Jun. 30, 2014
180 Maiden Lane
Dec. 31, 2013
180 Maiden Lane
Jun. 30, 2014
248-252 Bedford Avenue
Dec. 31, 2013
248-252 Bedford Avenue
Jun. 30, 2014
220 East 42nd Street
Dec. 31, 2013
220 East 42nd Street
Apr. 30, 2014
16 Court Street
Jun. 30, 2014
16 Court Street
Dec. 31, 2013
16 Court Street
Mortgages and Other Loans Payable                                                                                                                        
Interest rate, fixed rate debt (as a percent)           3.75% [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],[3]   6.26% [1]   3.80% [1],[4]   8.00% [1],[5]   5.91% [1]   4.68% [1]   5.12% [1],[6]   4.13% [1]   4.13% [1]   3.93% [1]   0.00% [1],[7]                        
Total fixed rate debt $ 4,622,075,000   $ 4,622,075,000   $ 4,130,629,000 $ 4,000,000 [2] $ 0 [2]     $ 146,250,000 $ 146,250,000 $ 120,000,000 $ 120,000,000 $ 117,892,000 $ 120,830,000 $ 23,253,000 $ 23,529,000 $ 181,612,000 $ 182,641,000 $ 82,097,000 $ 82,909,000 $ 450,000,000 $ 450,000,000 $ 170,000,000 $ 170,000,000 $ 8,128,000 $ 8,211,000 $ 191,250,000 [3] $ 191,250,000 [3] $ 267,650,000 $ 267,650,000 $ 504,000,000 [4] $ 0 [4] $ 50,000,000 [5] $ 50,000,000 [5] $ 576,653,000 $ 587,336,000 $ 230,000,000 $ 230,000,000 $ 500,000,000 [6] $ 500,000,000 [6] $ 69,503,000 $ 70,000,000 $ 29,787,000 $ 30,000,000 $ 900,000,000 $ 900,000,000 $ 0 [7] $ 23,000 [7]                      
Interest rate, floating rate debt (as a percent)               3.37% [1],[8]                                               1.91% [1],[4]                                       2.34% [1],[9]   2.16% [1],[10]   1.76% [1]        
Total floating rate debt 1,508,351,000   1,508,351,000   729,949,000     0 [8] 91,000,000 [8]                                             946,000,000 [4] 0 [4]                                     258,351,000 [9] 262,706,000 [9] 29,000,000 [10] 22,000,000 [10] 275,000,000 275,000,000   0 [11] 79,243,000 [11]
Mortgages and other loans payable 6,130,426,000   6,130,426,000   4,860,578,000                                                                                                              
Liabilities related to assets held for sale 193,375,000   193,375,000   0                                             191,300,000                                                                
Debt refinanced                                                               1,100,000,000                                                        
Face amount of loan                                                               1,500,000,000                                           29,000,000            
Term                                                               7 years                                           5 years            
Interest in property (as a percent)                                                                               51.00%                                        
Limited partner interests in Operating Partnership, limited partner common units outstanding (shares)           4,000,000                                                                                                            
Dividend rate preferred units (as a percent)           3.75%                                                                                                            
Preferred stock, liquidation preference (in dollars per share)           $ 1,000.00                                                                                                            
Preferred Units, shares outstanding (shares)           4,000                                                                                       22,658                    
Maximum borrowing capacity                                                                                                     300,000,000                  
Loss on early extinguishment of debt 1,028,000 10,000 1,025,000 18,523,000                                                                                                   500,000       500,000    
Gross book value of the properties and debt and preferred equity investments collateralizing the mortgages and other loans payable $ 9,500,000,000   $ 9,500,000,000   $ 8,000,000,000                                                                                                              
[1] Effective weighted average interest rate for the three months ended June 30, 2014, taking into account interest rate hedges in effect during the period.
[2] In connection with the subsequent acquisition of a commercial real estate property, the Operating Partnership issued $4.0 million or 4,000 3.75% Series J Preferred Units of limited partnership interest, of the Series J Preferred Units, with a mandatory liquidation preference of $1,000.00 per unit. The Series J Preferred Units can be redeemed in cash by the Operating Partnership on the earlier of (i) the date of the sale of the property or (ii) April 30, 2051 or at the option of the unitholders as further prescribed in the related agreement.
[3] This property is held for sale at June 30, 2014 and the related $191.3 million mortgage is included in liabilities related to assets held for sale.
[4] Simultaneous with the acquisition of our joint venture partner interest, we refinanced the $1.1 billion floating rate mortgage with a $1.5 billion seven-year floating rate mortgage, and have consolidated the property.
[5] This loan is secured by a portion of a preferred equity investment.
[6] We own a 51.0% controlling interest in the joint venture that is the borrower on this loan.
[7] In April 2014, the remaining 22,658 Series E Preferred Units of the Operating Partnership were canceled.
[8] The Master Repurchase Agreement, or MRA, has a maximum facility capacity of $300.0 million.
[9] 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
[10] In June 2014, we replaced the previous floating rate mortgage with a $29.0 million, five-year floating rate mortgage and incurred a net loss on early extinguishment of debt of $0.5 million.
[11] In April 2014, we repaid the loan and incurred a loss on early extinguishment of debt of $0.5 million.