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Investment in Unconsolidated Joint Ventures (Details 2) (USD $)
3 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 1 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Dec. 31, 2013
Sep. 30, 2014
388 and 390 Greenwich Street
Dec. 31, 2013
388 and 390 Greenwich Street
Sep. 30, 2014
Joint Venture
Dec. 31, 2013
Joint Venture
Sep. 30, 2014
Joint Venture
7 Renaissance
Dec. 31, 2013
Joint Venture
7 Renaissance
Sep. 30, 2014
Joint Venture
11 West 34th Street
Dec. 31, 2013
Joint Venture
11 West 34th Street
Sep. 30, 2014
Joint Venture
280 Park Avenue
Dec. 31, 2013
Joint Venture
280 Park Avenue
Sep. 30, 2014
Joint Venture
1745 Broadway
Dec. 31, 2013
Joint Venture
1745 Broadway
Sep. 30, 2014
Joint Venture
1 and 2 Jericho Plaza
Dec. 31, 2013
Joint Venture
1 and 2 Jericho Plaza
Sep. 30, 2014
Joint Venture
800 Third Avenue
Dec. 31, 2013
Joint Venture
800 Third Avenue
Sep. 30, 2014
Joint Venture
315 West 36th Street
Dec. 31, 2013
Joint Venture
315 West 36th Street
Sep. 30, 2014
Joint Venture
717 Fifth Avenue
Mortgage loan
Sep. 30, 2014
Joint Venture
717 Fifth Avenue
Mezzanine loans
Sep. 30, 2014
Joint Venture
21 East 66th Street
Dec. 31, 2013
Joint Venture
21 East 66th Street
Sep. 30, 2014
Joint Venture
388 and 390 Greenwich Street
Dec. 31, 2013
Joint Venture
388 and 390 Greenwich Street
Feb. 28, 2014
Joint Venture
100 Park Avenue
Sep. 30, 2014
Joint Venture
100 Park Avenue
Dec. 31, 2013
Joint Venture
100 Park Avenue
Sep. 30, 2014
Joint Venture
21 West 34th Street
Dec. 31, 2013
Joint Venture
21 West 34th Street
Sep. 30, 2014
Joint Venture
1604-1610 Broadway
Dec. 31, 2013
Joint Venture
1604-1610 Broadway
Sep. 30, 2014
Joint Venture
The Meadows
Dec. 31, 2013
Joint Venture
The Meadows
Sep. 30, 2014
Joint Venture
3 Columbus Circle
Dec. 31, 2013
Joint Venture
3 Columbus Circle
Sep. 30, 2014
Joint Venture
1552 Broadway
extension
Dec. 31, 2013
Joint Venture
1552 Broadway
Sep. 30, 2014
Joint Venture
1552 Broadway
Mortgage loan
Sep. 30, 2014
Joint Venture
1552 Broadway
Mezzanine loans
Sep. 30, 2014
Joint Venture
Other loan payable
Dec. 31, 2013
Joint Venture
Other loan payable
Sep. 30, 2014
Joint Venture
10 East 53rd Street
Dec. 31, 2013
Joint Venture
10 East 53rd Street
Sep. 30, 2014
Joint Venture
724 Fifth Avenue
Dec. 31, 2013
Joint Venture
724 Fifth Avenue
Apr. 30, 2014
Joint Venture
724 Fifth Avenue
Mortgage loan
Sep. 30, 2014
Joint Venture
724 Fifth Avenue
Mezzanine loans
Apr. 30, 2014
Joint Venture
724 Fifth Avenue
Mezzanine loans
Sep. 30, 2014
Joint Venture
33 Beekman
Dec. 31, 2013
Joint Venture
33 Beekman
Sep. 30, 2014
Joint Venture
600 Lexington Avenue
Dec. 31, 2013
Joint Venture
600 Lexington Avenue
Sep. 30, 2014
Joint Venture
521 Fifth Avenue
Dec. 31, 2013
Joint Venture
521 Fifth Avenue
Sep. 30, 2014
Joint Venture
747 Madison Avenue
Dec. 31, 2013
Joint Venture
747 Madison Avenue
Sep. 30, 2014
Joint Venture
West Coast office portfolio
Dec. 31, 2013
Joint Venture
West Coast office portfolio
Sep. 30, 2014
Joint Venture
180/182 Broadway
Dec. 31, 2013
Joint Venture
180/182 Broadway
Sep. 30, 2014
Joint Venture
Initial Maturity July 2022
717 Fifth Avenue
Dec. 31, 2013
Joint Venture
Initial Maturity July 2022
717 Fifth Avenue
Sep. 30, 2014
Joint Venture
Initial Maturity July 2024
717 Fifth Avenue
Dec. 31, 2013
Joint Venture
Initial Maturity July 2024
717 Fifth Avenue
Mortgages and Other Loans Payable                                                                                                                                          
Interest rate, fixed rate debt (as a percent)           3.80% [1],[2]       10.00% [2]   4.82% [2]   6.57% [2]   5.68% [2]   5.65% [2]   6.00% [2]   3.16% [2]       3.60% [2]   0.00% [2],[3]     0.00% [4]   0.00% [5]   0.00% [2],[6]                                                             4.45% [2],[7]   9.00% [2],[7]  
Total fixed rate debt $ 4,732,032,000   $ 4,732,032,000   $ 4,130,629,000 $ 504,000,000 [1] $ 0 [1] $ 1,894,136,000 $ 3,223,895,000 $ 1,868,000 $ 1,276,000 $ 16,982,000 $ 17,205,000 $ 701,928,000 $ 706,886,000 $ 340,000,000 $ 340,000,000 $ 163,750,000 $ 163,750,000 $ 20,910,000 $ 20,910,000 $ 25,000,000 $ 25,000,000     $ 12,000,000 $ 12,000,000 $ 0 [3] $ 996,082,000 [3]   $ 0 [4] $ 209,786,000 [4] $ 0 [5] $ 100,000,000 [5] $ 0 [6] $ 27,000,000 [6]                                                           $ 300,000,000 [7] $ 300,000,000 [7] $ 311,698,000 [7] $ 304,000,000 [7]
Interest rate, floating rate debt (as a percent)           1.91% [1],[2]                                       2.88% [2]   0.00% [2],[3]     1.91% [2],[4]           7.75% [2]   2.34% [2],[8]   4.21% [2],[9]       1.06% [2]   2.66% [2]   2.58% [10],[2]         2.91% [11],[2]   2.24% [2]   2.36% [2]   0.00% [2]   0.00% [12],[2]   0.00% [13],[2]          
Total floating rate debt 1,606,152,000   1,606,152,000   729,949,000 946,000,000 [1] 0 [1] 1,604,619,000 1,842,815,000                                 1,902,000 1,959,000 0 [3] 142,297,000 [3]   360,000,000 [4] 0 [4]         67,350,000 67,350,000 233,058,000 [8] 239,233,000 [8] 180,885,000 [9] 158,690,000 [9]     30,000,000 30,000,000 125,000,000 125,000,000 275,000,000 [10] 120,000,000 [10]       43,707,000 [11] 18,362,000 [11] 117,717,000 120,616,000 170,000,000 170,000,000 0 33,125,000 0 [12] 526,290,000 [12] 0 [13] 89,893,000 [13]        
Mortgages and other loans payable 6,338,184,000 [14]   6,338,184,000 [14]   4,860,578,000 [14]     3,498,755,000 5,066,710,000                                                                                                                        
Committed amount                                               300,000,000 290,000,000                                   150,000,000 41,500,000                                                  
Loss on early extinguishment of debt 24,475,000 0 25,500,000 18,523,000                                               2,400,000   3,200,000                                           1,200,000                                  
Face amount of loan           1,500,000,000                                               360,000,000                                         235,000,000   40,000,000                                
Term of refinanced mortgage           7 years                                               7 years                                                                              
Incentive income                                                                     7,700,000                                                                    
Possible increase in mortgage based on meeting certain performance hurdles                                                                             40,000,000.0                                                            
Number of extension options (extensions)                                                                                 2                                                        
Period of extension option for mortgage secured by the portfolio                                                                                 1 year                                                        
Unfunded amount                                                                                     5,700,000 4,900,000                                                  
Maximum amount of loan recourse to entity                                                                                                           $ 75,000,000                              
[1] Simultaneous with the acquisition of our joint venture partner's 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.
[2] Effective weighted average interest rate for the three months ended September 30, 2014, taking into account interest rate hedges in effect during the period.
[3] In May 2014, we acquired the interest of our joint venture thereby consolidating the entity. Simultaneous with the acquisition, we refinanced the mortgage and incurred a net loss on early extinguishment of debt of $2.4 million.
[4] In February 2014, the joint venture replaced the previous fixed rate mortgage with a $360.0 million, seven-year floating rate, mortgage and incurred a net loss on early extinguishment of $3.2 million.
[5] In January 2014, we sold our interest in the joint venture, inclusive of our share of the joint venture debt.
[6] This loan was in default since November 2009 due to the non-payment of debt service. In January 2014, the joint venture relinquished its ground lease position to the lender. During the nine months ended September 30, 2014, we recognized $7.7 million of incentive income, which is included in other income on the consolidated statements of income.
[7] These loans are comprised of a $300.0 million fixed rate mortgage loan and $290.0 million mezzanine loan. The mezzanine loan is subject to accretion based on the difference between contractual interest rate and contractual pay rate.
[8] The joint venture has the ability to increase the mortgage by $40.0 million based on meeting certain performance hurdles. In connection with this obligation, we executed a master lease agreement and our joint venture partner executed a contribution agreement to reflect its pro rata obligation under the master lease. The lien on the mortgage and the master lease excludes the condominium interest owned by Y&R. See Note 2 of prior table.
[9] These loans are comprised of a $150.0 million mortgage loan and a $41.5 million mezzanine loan and are subject to two one-year extension options. As of September 30, 2014, $5.7 million of the mortgage loan and $4.9 million of the mezzanine loan remained unfunded.
[10] In April 2014, the joint venture refinanced the previous mortgage with a $235.0 million mortgage and a $40.0 million mezzanine loan and incurred a net loss on early extinguishment of debt of $1.2 million.
[11] This loan has a committed amount of $75.0 million, which is recourse to us. Our partner has indemnified us for its pro rata share of the recourse guarantee. A portion of the guarantee terminates upon the joint venture reaching certain milestones. We believe it is unlikely that we will be required to perform under this guarantee.
[12] In March 2014, we sold our interest in the joint venture, inclusive of our share in the joint venture debt.
[13] In September 2014, the joint venture sold the property and repaid the debt.
[14] Includes mortgages related to 2 Herald Square and 180 Maiden, which are currently held for sale.