XML 36 R43.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investments in Unconsolidated Joint Ventures (Statements of Operations of the Joint Ventures) (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Schedule of Equity Method Investments [Line Items]        
Total revenue $ 574,082,000 $ 466,680,000 $ 1,566,834,000 $ 1,376,448,000
Expenses        
Depreciation and amortization 152,156,000 108,609,000 402,892,000 323,680,000
Total expenses 384,693,000 303,945,000 1,071,881,000 895,990,000
Operating income 189,389,000 162,735,000 494,953,000 480,458,000
Other expense        
Interest expense 122,173,000 105,030,000 325,746,000 308,168,000
Losses from Early Extinguishment of Debt (30,000) (5,494,000) 122,000 (4,453,000)
Income from continuing operations 84,947,000 66,016,000 636,078,000 219,197,000
Net income 174,590,000 67,566,000 748,124,000 263,238,000
Income from unconsolidated joint ventures 14,736,000 9,217,000 72,240,000 42,129,000
Gains on Consolidation of Joint Ventures 1,810,000 0 (385,991,000) 0
Unconsolidated Joint Ventures [Member]
       
Schedule of Equity Method Investments [Line Items]        
Total revenue 37,983,000 [1] 135,998,000 [1] 273,464,000 [1] 431,133,000 [1]
Expenses        
Operating 14,963,000 42,298,000 89,826,000 120,451,000
Depreciation and amortization 9,784,000 39,291,000 76,202,000 123,869,000
Total expenses 24,747,000 81,589,000 166,028,000 244,320,000
Operating income 13,236,000 54,409,000 107,436,000 186,813,000
Other expense        
Interest expense 8,148,000 56,521,000 104,436,000 167,792,000
Losses from Early Extinguishment of Debt 0 0 (1,677,000) 0
Income from continuing operations 5,088,000 (2,112,000) 1,323,000 19,021,000
Gain on sale of real estate 12,441,000 990,000 14,207,000 990,000
Net income 17,529,000 (1,122,000) 15,530,000 20,011,000
Company's share of net income (loss) 3,149,000 (1,420,000) 1,974,000 10,591,000
Gain on sale of real estate 11,174,000 0 54,501,000 0
Basis differential 413,000 384,000 (1,213,000) 1,282,000
Elimination of inter-entity interest on partner loan 0 10,253,000 16,978,000 30,256,000
Income from unconsolidated joint ventures 14,736,000 9,217,000 72,240,000 42,129,000
Gains on Consolidation of Joint Ventures 1,810,000 0 (385,991,000) 0
Straight Line Rent Adjustments (600,000) (2,200,000) 7,600,000 9,300,000
Below market rent adjustments, net (100,000) 22,100,000 33,900,000 70,600,000
Termination income       19,600,000
Company Share Of Termination Income       $ 11,800,000
[1] udes straight-line rent adjustments of $0.6 million and $2.2 million for the three months ended September 30, 2013 and 2012, respectively, and $7.6 million and $9.3 million for the nine months ended September 30, 2013 and 2012, respectively. Includes net below-market rent adjustments of $(0.1) million and $22.1 million for the three months ended September 30, 2013 and 2012, respectively, and $33.9 million and $70.6 million for the nine months ended September 30, 2013 and 2012, respectively. Total revenue for the nine months ended September 30, 2012 includes termination income totaling approximately $19.6 million (of which the Company's share is approximately $11.8 million) related to a lease termination with a tenant at 767 Fifth Avenue (the General Motors Building).On Feb