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Properties Held for Sale and Property Dispositions
 9 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Properties Held for Sale and Property Dispositions Properties Held for Sale and Property Dispositions
Properties Held for Sale
As of September 30, 2024, no properties were classified as held for sale.
Property Dispositions
The following table summarizes the properties sold during the nine months ended September 30, 2024:
PropertyDisposition DateProperty TypeUnaudited Approximate Usable Square Feet
Sales Price (1)
(in millions)
(Loss) Gain on Sale
(in millions) (2)
719 Seventh AvenueJune 2024Fee Interest10,040 $30.5 $(2.0)
Palisades Premier Conference CenterJuly 2024Fee Interest450,000 26.3 $7.3 
(1)Sales price represents the gross sales price for a property or the gross asset valuation for interests in a property.
(2)The loss on sale is net of $4.1 million of employee compensation accrued in connection with the realization of the investment disposition. The amounts do not include adjustments for expenses recorded in subsequent periods.