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Notes Payable and Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Summary of Notes Payable and Long-Term Debt
At September 30, 2015 and December 31, 2014, notes payable and long-term debt consisted of the following (in millions):
 
2015
 
2014
Revolving Credit Loans, (2.35% for 2015 and 2.37% for 2014)
$
130.4

 
$
169.8

Term Loans:

 

6.90%, payable through 2020
75.0

 
80.0

5.55%, payable through 2026
47.0

 
50.0

5.53%, payable through 2024
31.5

 
37.5

5.56%, payable through 2026
25.0

 
25.0

3.90%, payable through 2024
75.0

 
75.0

4.35%, payable through 2026
23.4

 
25.0

4.15%, payable through 2024, secured by Pearl Highlands Center (a)
92.3

 
93.6

LIBOR plus 1.5%, payable through 2021, secured by Kailua Town Center III (b)
11.0

 
11.2

LIBOR plus 2.66%, payable through 2016, secured by The Shops at Kukui'ula (c)
37.9

 
40.5

LIBOR plus 2.63%, payable through 2016, secured by Kahala Estate Properties (d)
8.2

 
35.2

5.39%, payable through 2015, secured by Waianae Mall
—

 
19.1

5.19%, payable through 2019
8.8

 
10.2

6.38%, payable through 2017, secured by Midstate Hayes
8.3

 
8.3

LIBOR plus 1.0%, payable through 2021, secured by asphalt terminal (e)
7.2

 
8.0

1.85%, payable through 2017
5.9

 
7.9

3.31%, payable through 2018
5.0

 
6.3

2.00%, payable through 2018
1.7

 
2.2

2.65%, payable through 2016
0.8

 
1.2

Total debt
594.4

 
706.0

Less debt (premium) discount
(0.2
)
 
(0.4
)
Total debt (contractual)
594.2

 
705.6

Less current portion
(47.7
)
 
(74.5
)
Add debt premium (discount)
0.2

 
0.4

Long-term debt
$
546.7

 
$
631.5

(a)
On December 1, 2014, the Company refinanced and increased the amount of the loan secured by Pearl Highlands Center.
(b)
Loan has a stated interest rate of LIBOR plus 1.5%, but is swapped through maturity to a 5.95% fixed rate.
(c)
Loan has an effective interest rate of 2.83% for 2015 and 2.82% for 2014.
(d)
Loan has an effective interest rate of 2.82% for 2015 and 2.78% for 2014.
(e)
Loan has a stated interest rate of LIBOR plus 1.0%, but is swapped through maturity to a 5.98% fixed rate.