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Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables provide components of segment profit for each segment for the three and nine months ended September 30, 2015 and 2014 (amounts in thousands):

 
 
Three Months Ended September 30, 2015
 
 
Real Estate
 
Observatory
 
Other
 
Intersegment Elimination
 
Total
Revenues:
 
 
 
 
 
 
 
 
 
 
Rental revenue
 
$
110,903

 
$

 
$

 
$

 
$
110,903

Intercompany rental revenue
 
20,828

 

 

 
(20,828
)
 

Tenant expense reimbursement
 
23,096

 

 

 

 
23,096

Observatory revenue
 

 
35,702

 

 

 
35,702

Construction revenue
 

 

 

 

 

Third-party management and other fees
 
618

 

 

 

 
618

Other revenue and fees
 
5,460

 

 

 

 
5,460

Total revenues
 
160,905

 
35,702

 

 
(20,828
)
 
175,779

Operating expenses:
 
 
 
 
 
 
 
 
 
 
Property operating expenses
 
41,664

 

 

 

 
41,664

Intercompany rent expense
 

 
20,828

 

 
(20,828
)
 

Ground rent expense
 
2,331

 

 

 

 
2,331

Marketing, general, and administrative expenses
 
10,182

 

 

 

 
10,182

Observatory expenses
 

 
7,284

 

 

 
7,284

Construction expenses
 

 

 

 

 

Real estate taxes
 
23,613

 

 

 

 
23,613

Acquisition expenses
 
193

 

 

 

 
193

Depreciation and amortization
 
45,072

 
97

 

 

 
45,169

Total operating expenses
 
123,055

 
28,209

 

 
(20,828
)
 
130,436

Total operating income
 
37,850

 
7,493

 

 

 
45,343

Interest expense
 
(16,680
)
 

 

 

 
(16,680
)
Income before income taxes
 
21,170

 
7,493

 

 

 
28,663

Income tax expense
 
(474
)
 
(2,104
)
 

 

 
(2,578
)
Net income
 
$
20,696

 
$
5,389

 
$

 
$

 
$
26,085

Segment assets
 
$
3,070,234

 
$
235,937

 
$
2,596

 
$

 
$
3,308,767

Expenditures for segment assets
 
$
39,915

 
$
187

 
$

 
$

 
$
40,102



 
 
Three Months Ended September 30, 2014
 
 
Real Estate
 
Observatory
 
Other
 
Intersegment Elimination
 
Total
Revenues:
 
 
 
 
 
 
 
 
 
 
Rental revenue
 
$
106,152

 
$

 
$

 
$

 
$
106,152

Intercompany rental revenue
 
19,986

 

 

 
(19,986
)
 

Tenant expense reimbursement
 
20,034

 

 

 

 
20,034

Observatory revenue
 

 
35,684

 

 

 
35,684

Construction revenue
 

 

 
7,292

 
(1,488
)
 
5,804

Third-party management and other fees
 
561

 

 

 

 
561

Other revenue and fees
 
1,206

 

 

 

 
1,206

Total revenues
 
147,939

 
35,684

 
7,292

 
(21,474
)
 
169,441

Operating expenses:
 
 
 
 
 
 
 
 
 
 
Property operating expenses
 
38,291

 

 

 

 
38,291

Intercompany rent expense
 

 
19,986

 

 
(19,986
)
 

Ground rent expense
 
2,066

 

 

 

 
2,066

Marketing, general, and administrative expenses
 
10,071

 

 

 

 
10,071

Observatory expenses
 

 
7,109

 

 

 
7,109

Construction expenses
 

 

 
7,355

 
(1,260
)
 
6,095

Real estate taxes
 
21,870

 

 

 

 
21,870

Acquisition expenses
 
2,647

 

 

 

 
2,647

Depreciation and amortization
 
37,797

 
79

 
4

 

 
37,880

Total operating expenses
 
112,742

 
27,174

 
7,359

 
(21,246
)
 
126,029

Total operating income (loss)
 
35,197

 
8,510

 
(67
)
 
(228
)
 
43,412

Interest expense
 
(17,674
)
 

 

 

 
(17,674
)
Income (loss) before income taxes
 
17,523

 
8,510

 
(67
)
 
(228
)
 
25,738

Income tax expense
 
(94
)
 
(2,857
)
 
(53
)
 

 
(3,004
)
Net income (loss)
 
$
17,429

 
$
5,653

 
$
(120
)
 
$
(228
)
 
$
22,734

Segment assets
 
$
3,038,363

 
$
255,081

 
$
8,572

 
$

 
$
3,302,016

Expenditures for segment assets
 
$
422,175

 
$
99

 
$

 
$

 
$
422,274



 
 
Nine Months Ended September 30, 2015
 
 
Real Estate
 
Observatory
 
Other
 
Intersegment Elimination
 
Total
Revenues:
 
 
 
 
 
 
 
 
 
 
Rental revenue
 
$
333,827

 
$

 
$

 
$

 
$
333,827

Intercompany rental revenue
 
51,402

 

 

 
(51,402
)
 

Tenant expense reimbursement
 
59,878

 

 

 

 
59,878

Observatory revenue
 

 
84,525

 

 

 
84,525

Construction revenue
 

 

 
5,696

 
(3,715
)
 
1,981

Third-party management and other fees
 
1,658

 

 

 

 
1,658

Other revenue and fees
 
10,565

 

 

 

 
10,565

Total revenues
 
457,330

 
84,525

 
5,696

 
(55,117
)
 
492,434

Operating expenses:
 
 
 
 
 
 
 
 
 
 
Property operating expenses
 
122,051

 

 

 

 
122,051

Intercompany rent expense
 

 
51,402

 

 
(51,402
)
 

Ground rent expense
 
6,994

 

 

 

 
6,994

Marketing, general, and administrative expenses
 
28,395

 

 

 

 
28,395

Observatory expenses
 

 
21,681

 

 

 
21,681

Construction expenses
 

 

 
6,539

 
(3,317
)
 
3,222

Real estate taxes
 
69,543

 

 

 

 
69,543

Acquisition expenses
 
193

 

 

 

 
193

Depreciation and amortization
 
125,847

 
268

 
101

 

 
126,216

Total operating expenses
 
353,023

 
73,351

 
6,640

 
(54,719
)
 
378,295

Total operating income (loss)
 
104,307

 
11,174

 
(944
)
 
(398
)
 
114,139

Interest expense
 
(50,298
)
 

 

 

 
(50,298
)
Income (loss) before income taxes
 
54,009

 
11,174

 
(944
)
 
(398
)
 
63,841

Income tax (expense) benefit
 
(1,247
)
 
(2,376
)
 
340

 

 
(3,283
)
Net income (loss)
 
$
52,762

 
$
8,798

 
$
(604
)
 
$
(398
)
 
$
60,558

Expenditures for segment assets
 
$
109,104

 
$
211

 
$

 
$

 
$
109,315


 
 
 Nine Months Ended September 30, 2014
 
 
Real Estate
 
Observatory
 
Other
 
Intersegment Elimination
 
Total
Revenues:
 
 
 
 
 
 
 
 
 
 
Rental revenue
 
$
288,566

 
$

 
$

 
$

 
$
288,566

Intercompany rental revenue
 
51,552

 

 

 
(51,552
)
 

Tenant expense reimbursement
 
49,491

 

 

 

 
49,491

Observatory revenue
 

 
83,374

 

 

 
83,374

Construction revenue
 

 

 
37,081

 
(3,351
)
 
33,730

Third-party management and other fees
 
1,925

 

 

 

 
1,925

Other revenue and fees
 
7,829

 

 

 

 
7,829

Total revenues
 
399,363

 
83,374

 
37,081

 
(54,903
)
 
464,915

Operating expenses:
 
 
 
 
 
 
 
 
 
 
Property operating expenses
 
109,300

 

 

 

 
109,300

Intercompany rent expense
 

 
51,552

 

 
(51,552
)
 

Ground rent expense
 
2,964

 

 

 

 
2,964

Marketing, general, and administrative expenses
 
29,786

 

 

 

 
29,786

Observatory expenses
 

 
21,210

 

 

 
21,210

Construction expenses
 

 

 
36,052

 
(2,879
)
 
33,173

Real estate taxes
 
58,429

 

 

 

 
58,429

Acquisition expenses
 
3,382

 

 

 

 
3,382

Depreciation and amortization
 
96,404

 
217

 
11

 

 
96,632

Total operating expenses
 
300,265

 
72,979

 
36,063

 
(54,431
)
 
354,876

Total operating income (loss)
 
99,098

 
10,395

 
1,018

 
(472
)
 
110,039

Interest expense
 
(46,640
)
 

 

 

 
(46,640
)
Income (loss) before income taxes
 
52,458

 
10,395

 
1,018

 
(472
)
 
63,399

Income tax expense
 
(1,024
)
 
(3,035
)
 
(94
)
 

 
(4,153
)
Net income (loss)
 
$
51,434

 
$
7,360

 
$
924

 
$
(472
)
 
$
59,246

Expenditures for segment assets
 
$
459,910

 
$
99

 
$

 
$

 
$
460,009