Properties Held for Sale and Property Dispositions (Tables)

9 Months Ended

Sep. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Summary of properties sold

The following table summarizes the properties sold during the nine months ended September 30, 2018:

Property	Disposition Date	Property Type	Approximate Square Feet	Sales Price(1) (in millions)		Gain (loss)(2) (in millions)
600 Lexington Avenue	January 2018	Fee Interest	303,515	$	305.0	$	23.8
115-117 Stevens Avenue	May 2018	Fee Interest	178,000	12.0		(0.7		)
635 Madison Avenue	June 2018	Fee Interest	176,530	153.0		(14.1		)
1-6 International Drive	July 2018	Fee Interest	540,000	55.0		(2.6		)

(1) Sales price represents the gross sales price for a property or the gross asset valuation for interests in a property.

(2) The gain on sale for 600 Lexington Avenue is net of $1.3 million in employee compensation accrued in connection with the realization of this investment gain. Additionally, gain (loss) amounts do not include adjustments for expenses recorded in subsequent periods.