2.4.0.8114 - Disclosure - Related Party Transactionstruefalsefalse1false falsefalseP01_01_2013To06_30_2013http://www.sec.gov/CIK0001287701duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_RelatedPartyTransactionsAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Related Party Transactions [Abstract]2false 2us-gaap_RelatedPartyTransactionsDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1falsefalsefalse00 <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong>8. Related Party Transactions</strong></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">   </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <font style="FONT-SIZE: 10pt">The Chief Executive Officer of SL Green Realty Corp. (NYSE: SLG), or SL Green, is one of the Company’s directors.</font><font style="FONT-SIZE: 10pt">Commencing in May 2005, the Company is party to a lease agreement with SLG Graybar Sublease LLC, an affiliate of SL Green, for its corporate offices at 420 Lexington Avenue, New York, New York. The lease is for approximately <font style=" FONT-SIZE: 10pt">7,300</font> square feet and carries a term of 10 years with rents of approximately $<font style=" FONT-SIZE: 10pt">249</font> per annum for year one rising to $<font style=" FONT-SIZE: 10pt">315</font> per annum in year ten. In May and June 2009, the Company amended its lease with SLG Graybar Sublease LLC to increase the leased premises by approximately <font style=" FONT-SIZE: 10pt">2,260</font> square feet. The additional premises is leased on a co-terminus basis with the remainder of the Company’s leased premises and carries rents of approximately $<font style=" FONT-SIZE: 10pt">103</font> per annum during the initial year and $<font style=" FONT-SIZE: 10pt">123</font> per annum during the final lease year. On June 25, 2012, the lease was further amended to reduce the leased premises by approximately <font style=" FONT-SIZE: 10pt"> 600</font> square feet and to reduce rents by approximately $<font style=" FONT-SIZE: 10pt">29</font> per annum during the initial year and $<font style=" FONT-SIZE: 10pt">38</font> per annum during the final lease year. All other terms of the lease remained unchanged, except the Company obtained the right to cancel the lease with 90 days notice. For the three and six months ended June 30, 2013, the Company paid $<font style=" FONT-SIZE: 10pt">96</font> and $<font style=" FONT-SIZE: 10pt">191</font> under this lease, respectively. For the three and six months ended June 30, 2012, the Company paid $<font style=" FONT-SIZE: 10pt">77</font> and $<font style=" FONT-SIZE: 10pt">173</font> under this lease, respectively. In April 2013, the Company gave notice that that it was cancelling the lease for its corporate offices at 420 Lexington Avenue effective in September 2013 concurrently with the commencement of the lease for its new corporate offices at 521 Fifth Avenue.</font> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <font style="FONT-SIZE: 10pt">In June 2013, the Company signed a lease agreement with 521 Fifth Fee Owner LLC, an affiliate of SL Green, for new corporate office space located at 521 Fifth Avenue, New York, New York. The lease is expected to commence in September 2013, following the completion of certain improvements to the space. The lease is for approximately <font style=" FONT-SIZE: 10pt">6,580</font> square feet and carries a term of <font style=" FONT-SIZE: 10pt">10 years</font> with rents of approximately $<font style=" FONT-SIZE: 10pt">373</font> per annum for year one rising to $<font style=" FONT-SIZE: 10pt">463</font> per annum in year ten.</font></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> In September 2012, the Company, an affiliate of SL Green and several other unrelated parties recapitalized a portfolio of office buildings located in Southern California, or the Southern California Office Portfolio, through the contribution of an existing preferred equity investment to a newly formed joint venture. As of December 31, 2012, the Company’s <font style=" FONT-SIZE: 10pt">10.6</font>% interest in the joint venture had a carrying value of $<font style=" FONT-SIZE: 10pt">7,215</font> and was classified as held for sale in connection with the classification of Gramercy Finance as held for sale. For the three and six months ended June 30, 2013, the Company recorded its pro rata share of net losses on the joint venture of $<font style=" FONT-SIZE: 10pt">0</font> and $<font style=" FONT-SIZE: 10pt">458</font>, within discontinued operations. In January 2013, the Company sold its <font style=" FONT-SIZE: 10pt"> 10.6</font>% interest in the joint venture of the Southern California Office Portfolio, which was part of the Gramercy Finance segment and was owned within the Company's CDOs, to an affiliate of SL Green for proceeds of $<font style=" FONT-SIZE: 10pt">8,275</font> and recorded a gain on disposition to a related party of $<font style=" FONT-SIZE: 10pt">1,317</font> within discontinued operations.</div> </div> </div> falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph b -Article 3A Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864 false0Related Party Transactions Disclosure [Text Block]falseRelated Party TransactionsUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.gramercycapitalcorp.com/role/RelatedPartyTransactions12