Schedule III-Real Estate And Accumulated Depreciation

12 Months Ended

Dec. 31, 2011

Schedule III-Real Estate And Accumulated Depreciation

Schedule III-Real Estate And Accumulated Depreciation

Schedule III—Real Estate And Accumulated Depreciation
December 31, 2011
(Dollars in thousands)

Column A	Column B		Column C Initial Cost				Column D Cost Capitalized Subsequent To Acquisition						Column E Gross Amount at Which Carried at Close of Period						Column F		Column G		Column H		Column I

Description	Encumbrances		Land		Building & Improvements		Land			Building & Improvements			Land		Building & Improvements		Total		Accumulated Depreciation		Date of Construction		Date Acquired		Life on Which Depreciation is Computed
673 First Ave⁽¹⁾	$	29,906	$	—	$	35,727	$	—		$	10,882		$	—	$	46,609	$	46,609	$	17,091		1928		8/1997	Various
420 Lexington Ave⁽¹⁾		187,182		—		107,832		—			120,447			—		228,279		228,279		67,823		1927		3/1998	Various
711 Third Avenue⁽¹⁾		120,000		19,844		42,499		—			30,273			19,844		72,772		92,616		23,228		1955		5/1998	Various
555 W. 57th Street⁽¹⁾		—		18,846		78,704		—			35,197			18,846		113,901		132,747		36,170		1971		1/1999	Various
317 Madison Ave⁽¹⁾		—		21,205		85,559		—			28,227			21,205		113,786		134,991		41,912		1920		6/2001	Various
220 East 42nd Street⁽¹⁾		190,431		50,373		203,727		635			35,937			51,008		239,664		290,672		56,526		1929		2/2003	Various
461 Fifth Avenue⁽¹⁾		—		—		62,695		—			5,764			—		68,459		68,459		15,211		1988		10/2003	Various
750 Third Avenue⁽¹⁾		—		51,093		205,972		—			28,846			51,093		234,818		285,911		47,037		1958		7/2004	Various
625 Madison Ave⁽¹⁾		129,098		—		246,673		—			23,275			—		269,948		269,948		52,379		1956		10/2004	Various
485 Lexington Avenue⁽¹⁾		450,000		77,517		326,825		765			80,013			78,282		406,838		485,120		83,879		1956		12/2004	Various
609 Fifth Avenue⁽¹⁾		94,963		36,677		145,954		—			2,824			36,677		148,778		185,455		20,577		1925		6/2006	Various
1 Madison Avenue⁽¹⁾		626,740		172,641		654,394		905			11,689			173,546		666,083		839,629		73,750		1960		8/2007	Various
331 Madison Avenue⁽¹⁾		—		14,763		65,241		(2,630	)		(12,127	)		12,133		53,114		65,247		7,117		1923		4/2007	Various
333 West 34th Street⁽¹⁾		—		36,711		146,880		—			20,808			36,711		167,688		204,399		19,038		1954		6/2007	Various
120 West 45th Street⁽¹⁾		170,000		60,766		250,922		—			8,703			60,766		259,625		320,391		34,951		1998		1/2007	Various
810 Seventh Avenue⁽¹⁾		—		114,077		476,386		—			32,510			114,077		508,896		622,973		68,408		1970		1/2007	Various
919 Third Avenue⁽¹⁾⁽⁵⁾		500,000		223,529		1,033,198		35,410			6,647			258,939		1,039,845		1,298,784		132,047		1970		1/2007	Various
1185 Avenue of the Americas⁽¹⁾		—		—		728,213		—			24,707			—		752,920		752,920		106,686		1969		1/2007	Various
180 Maiden Lane⁽¹⁾⁽⁸⁾		279,332		132,697		309,627		—			—			132,697		309,627		442,324		1,097		1984		11/2011	Various
1350 Avenue of the Americas⁽¹⁾		—		91,038		380,744		—			16,870			91,038		397,614		488,652		53,948		1966		1/2007	Various
100 Church Street⁽¹⁾		—		32,494		79,996		—			43,305			32,494		123,301		155,795		8,323		1959		1/2010	Various
125 Park Avenue⁽¹⁾		146,250		120,900		189,714		—			14,401			120,900		204,115		325,015		9,547		1923		10/2010	Various
2 Herald Square⁽⁷⁾		191,250		92,655		—		100,633			—			193,288		—		193,288		—		—		12/2010	Various
885 Third Avenue⁽⁷⁾		267,650		131,766		—		110,771			—			242,537		—		242,537		—		—		12/2010	Various
292 Madison Avenue⁽⁷⁾		59,099		23,803		—		(23,803	)		—			—		—		—		—		—		12/2010	Various
Williamsburg		—		3,677		14,708		2,523			(4,550	)		6,200		10,158		16,358		299		2010		12/2010	Various
521 Fifth Avenue⁽¹⁾⁽⁸⁾		150,000		110,100		146,686		—			3,742			110,100		150,428		260,528		7,192		1929		1/2011	Various
1515 Broadway⁽¹⁾		450,363		462,700		707,938		1,145			15,028			463,845		722,966		1,186,811		15,037		1972		4/2011	Various
110 East 42nd Street⁽¹⁾		65,000		34,000		46,411		—			479			34,000		46,890		80,890		1,217		1921		5/2011	Various
51 East 42nd Street⁽¹⁾				24,465		57,086		—			—			24,465		57,086		81,551		119		1913		11/2011	Various
1100 King Street—1-7 International Drive⁽²⁾		—		49,392		104,376		2,473			6,090			51,865		110,466		162,331		17,389		1983/1986		1/2007	Various
520 White Plains Road⁽²⁾		—		6,324		26,096		—			2,477			6,324		28,573		34,897		4,477		1979		1/2007	Various
115-117 Stevens Avenue⁽²⁾		—		5,933		23,826		—			5,058			5,933		28,884		34,817		4,687		1984		1/2007	Various
100 Summit Lake Drive⁽²⁾		—		10,526		43,109		—			5,292			10,526		48,401		58,927		6,938		1988		1/2007	Various
200 Summit Lake Drive⁽²⁾		—		11,183		47,906		—			2,241			11,183		50,147		61,330		7,215		1990		1/2007	Various
500 Summit Lake Drive⁽²⁾		—		9,777		39,048		—			3,834			9,777		42,882		52,659		5,355		1986		1/2007	Various
140 Grand Street⁽²⁾		—		6,865		28,264		—			2,982			6,865		31,246		38,111		4,443		1991		1/2007	Various
360 Hamilton Avenue⁽²⁾		—		29,497		118,250		—			10,502			29,497		128,752		158,249		17,222		2000		1/2007	Various
1-6 Landmark Square⁽³⁾		86,000		50,947		195,167		—			14,643			50,947		209,810		260,757		27,925		1973-1984		1/2007	Various
7 Landmark Square⁽³⁾		—		2,088		7,748		(367	)		(155	)		1,721		7,593		9,314		16		2007		1/2007	Various
300 Main Street⁽³⁾		11,500		3,025		12,889		—			1,164			3,025		14,053		17,078		2,012		2002		1/2007	Various
680 Washington Boulevard⁽³⁾⁽⁶⁾		—		11,696		45,364		—			3,900			11,696		49,264		60,960		6,594		1989		1/2007	Various
750 Washington Boulevard⁽³⁾⁽⁶⁾		—		16,916		68,849		—			3,800			16,916		72,649		89,565		9,892		1989		1/2007	Various
1010 Washington Boulevard⁽³⁾		—		7,747		30,423		—			3,203			7,747		33,626		41,373		4,466		1988		1/2007	Various
1055 Washington Boulevard⁽³⁾		—		13,516		53,228		—			1,675			13,516		54,903		68,419		7,419		1987		6/2007	Various
500 West Putnam Avenue⁽³⁾		24,563		11,210		44,782		—			3,503			11,210		48,285		59,495		6,104		1973		1/2007	Various
150 Grand Street⁽²⁾		—		1,371		5,446		—			9,278			1,371		14,724		16,095		37		1962		1/2007	Various
400 Summit Lake Drive⁽²⁾		—		38,889		—		285			—			39,174		—		39,174		—		—		1/2007	Various
125 Chubb Way⁽⁴⁾		—		5,884		25,958		—			16,244			5,884		42,202		48,086		315		2008		1/2008	Various
Other⁽⁶⁾		—		1,130		—		3,628			31,857			4,758		31,857		36,615		3,488		—		—	Various

Total	$	4,229,327	$	2,452,253	$	7,751,040	$	232,373		$	711,485		$	2,684,626	$	8,462,525	$	11,147,151	$	1,136,603

⁽¹⁾: Property located in New York, New York.
⁽²⁾: Property located in Westchester County, New York.
⁽³⁾: Property located in Connecticut.
⁽⁴⁾: Property located in New Jersey.
⁽⁵⁾: We own a 51% interest in this property.
⁽⁶⁾: Other includes tenant improvements at eEmerge, capitalized interest and corporate improvements.
⁽⁷⁾: See Note 4 to the consolidated financial statements.
⁽⁸⁾: We own a 49.9% interest in this property.

Schedule III—Real Estate And Accumulated Depreciation
December 31, 2011
(Dollars in thousands)

The changes in real estate for the three years ended December 31, 2011 are as follows:

	2011			2010			2009

Balance at beginning of year	$	8,890,064		$	8,257,100		$	8,201,789
Property acquisitions		2,276,308			703,721			16,059
Improvements		162,875			97,099			92,117
Retirements/disposals/deconsolidation		(182,096	)		(167,856	)		(52,865	)

Balance at end of year	$	11,147,151		$	8,890,064		$	8,257,100

The aggregate cost of land, buildings and improvements, before depreciation, for Federal income tax purposes at December 31, 2011 was approximately $7.8 billion.

The changes in accumulated depreciation, exclusive of amounts relating to equipment, autos, and furniture and fixtures, for the three years ended December 31, 2011, are as follows:

	2011			2010			2009

Balance at beginning of year	$	916,293		$	738,422		$	546,545
Depreciation for year		245,421			209,472			210,436
Retirements/disposals/deconsolidation		(25,111	)		(31,601	)		(18,559	)

Balance at end of year	$	1,136,603		$	916,293		$	738,422

- Definition

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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