XML 176 R60.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investments in Unconsolidated Joint Ventures (Details) (USD $)
3 Months Ended 6 Months Ended 1 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended
Jun. 30, 2013
sqft
property
Jun. 30, 2012
Jun. 30, 2013
entity
sqft
property
Jun. 30, 2012
Dec. 31, 2012
Jun. 30, 2013
100 Park Avenue
sqft
Jun. 30, 2013
21 West 34th Street
sqft
Jun. 30, 2013
1604-1610 Broadway
sqft
Jun. 30, 2013
27-29 West 34th Street
sqft
Jun. 30, 2012
717 Fifth Avenue
Jun. 30, 2013
717 Fifth Avenue
sqft
Jun. 30, 2012
717 Fifth Avenue
Floating rate mortgage loan with maturity date of September 2012
Jun. 30, 2013
717 Fifth Avenue
Mortgage loan
Jun. 30, 2013
717 Fifth Avenue
Mezzanine loans
Jun. 30, 2013
800 Third Avenue
sqft
Jun. 30, 2013
1745 Broadway
sqft
Jun. 30, 2013
1 and 2 Jericho Plaza
sqft
Jun. 30, 2013
The Meadows
sqft
Jun. 30, 2013
388 and 390 Greenwich Street
sqft
Jun. 30, 2013
180/182 Broadway and 63 Nassu Street
sqft
Jun. 30, 2013
600 Lexington Avenue
sqft
Jun. 30, 2013
11 West 34th Street
sqft
Jun. 30, 2013
7 Renaissance
sqft
Sep. 30, 2012
3 Columbus Circle
Jun. 30, 2013
3 Columbus Circle
sqft
May 31, 2011
280 Park Avenue
Jun. 30, 2013
280 Park Avenue
sqft
Jun. 30, 2013
1552-1560 Broadway
sqft
May 31, 2012
155 West 46th Street
Jun. 30, 2013
747 Madison Avenue
sqft
Jun. 30, 2013
724 Fifth Avenue
sqft
Jun. 30, 2013
10 East 53rd Street
sqft
Jun. 30, 2013
33 Beekman
floor
sqft
Jun. 30, 2013
West Coast office portfolio
sqft
Feb. 28, 2013
West Coast office portfolio
Sep. 30, 2012
West Coast office portfolio
sqft
property
Jun. 30, 2013
West Coast office portfolio
item
sqft
Jun. 30, 2013
West Coast office portfolio
Mortgage loan
Sep. 30, 2012
West Coast office portfolio
Mezzanine loans
Jun. 30, 2013
West Coast office portfolio
Mezzanine loans
Nov. 30, 2012
521 Fifth Avenue
Jun. 30, 2013
521 Fifth Avenue
sqft
Jun. 30, 2013
21 East 66th Street
sqft
Jun. 30, 2013
21 East 66th Street
Three retail units
unit
Jun. 30, 2013
21 East 66th Street
2 residential units
unit
Jun. 30, 2013
21 East 66th Street
Four residential units
unit
Jun. 30, 2013
315 West 36th Street
sqft
Jul. 31, 2012
One Court Square
Jun. 30, 2013
Herald Center
sqft
Mar. 31, 2013
Herald Center
Mar. 31, 2012
141 Fifth Avenue
Apr. 30, 2012
379 West Broadway
Jun. 30, 2013
1552 Broadway
sqft
General information on each joint venture                                                                                                          
Number of VIEs in which the entity is not primary beneficiary     3                                                                                                    
Net equity investment in VIEs in which the entity is not primary beneficiary $ 133,400,000   $ 133,400,000   $ 117,700,000                                                                                                
Beneficial interest sold (as a percent)                   50.00%                                                                                      
Consideration received for sale of beneficial interest                                               143,600,000                                                          
Gain recognized on sale of beneficial interest                                               0                                                          
Ownership Interest (as a percent)           49.90% 50.00% 70.00% 50.00%   10.92%       42.95% 32.26% 20.26% 50.00% 50.60% 25.50% 55.00% 30.00% 50.00%   48.90%   50.00% 50.00%   33.33% 50.00% 55.00% 45.90% 36.01%     36.01%         50.50% 32.28% 32.28%   16.14% 35.50%   40.00%        
Economic Interest (as a percent)           49.90% 50.00% 70.00% 50.00%   10.92%       42.95% 32.26% 20.26% 50.00% 50.60% 25.50% 55.00% 30.00% 50.00%   48.90%   50.00% 50.00%   33.33% 50.00% 55.00% 45.90% 36.01%     36.01%         50.50% 32.28%       35.50%   40.00%        
Square Feet 29,721,879   29,721,879     834,000 30,000 30,000 41,000   120,000       526,000 674,000 640,000 582,000 2,600,000 71,000 304,000 17,000 37,000   769,000   1,237,000 49,000   10,000 65,000 390,000 145,000 4,067,000   4,500,000 4,067,000         460,000 17,000       148,000   365,000       13,045
Acquisition Price           95,800,000 22,400,000 4,400,000 30,000,000   251,900,000       285,000,000 520,000,000 210,000,000 111,500,000 1,575,000,000 43,600,000 193,000,000 10,800,000 4,000,000   500,000,000   400,000,000 136,550,000 8,400,000 66,250,000 223,000,000 252,500,000 31,000,000 880,103,000     880,103,000         315,000,000 75,000,000       45,000,000   50,000,000        
Fees position acquired                                                                                                       13,500,000  
Triple-net lease arrangement                                     13 years                                                                    
Number of floors of student housing                                                                 30                                        
Partnership interest sold to a third party (as a percent)                                                                     20.78%           49.50%                        
Sales price                   617,600,000                                               111,900,000             315,000,000             481,100,000     46,000,000 48,500,000  
Additional cash income recognized due to distribution of refinancing proceeds                   67,900,000                                                                                      
Existing loan repaid                       245,000,000                                                                                  
Interest rate added to base rate (as a percent)                       2.75%                                                         2.20%                        
Interest rate, description                       LIBOR                                                         LIBOR                        
Debt issued                         300,000,000 290,000,000                                           678,800,000     68,000,000                            
Ownership interest acquired (as a percent)                                                                     10.73%                                    
Interest rate, fixed rate debt (as a percent)                                                                                                   8.75%      
Number of properties sold                                                                         1                                
Repaid loan                                                                           99,000,000   7,300,000                          
Prior to the recapitalization positions held in mezzanine and preferred equity                                                                       26,700,000                                  
Term                                                                             2 years   7 years                        
Amount of original debt being refinanced into another loan                                                                                 150,000,000                        
Amount of new debt as result of refinancing                                                                                 170,000,000                        
Number of units in property                                                                                       3 2 4              
Period of extension option for mortgage secured by the portfolio                                                                       1 year                                  
Floating rate financing assumed by joint venture       59,099,000                                                                                       315,000,000          
Effective ownership interest in underlying investment (as a percent)                                                   49.50%                                                      
Recognized gain (loss) on sale of interest in property (3,583,000) 9,534,000 (3,583,000) 16,794,000           3,000,000                                               1,600,000             19,400,000             1,000,000     7,300,000 6,500,000  
Number of Properties 67   67                                                                 30                                  
Committed additional capital contribution funded                                                 $ 47,500,000