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Debt (Tables)
9 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Summary of Outstanding Debt

The following is a summary of our outstanding debt.

 

 

 

 

 

 

 

Interest Rate at

 

 

Balance at

 

(Amounts in thousands)

 

Maturity

Date

 

Fixed/Variable Rate

 

September 30, 2015

 

 

September 30, 2015

 

 

December 31, 2014

 

Mortgages and notes payable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1633 Broadway

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec-2016

 

Fixed (1)

 

 

6.10

%

 

$

772,100

 

 

$

772,100

 

 

 

Dec-2016

 

Variable

 

 

1.62

%

 

 

154,160

 

 

 

154,160

 

 

 

 

 

 

 

 

5.35

%

 

 

926,260

 

 

 

926,260

 

900 Third Avenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nov-2017

 

Fixed (1)

 

 

5.35

%

 

 

255,000

 

 

 

255,000

 

 

 

Nov-2017

 

Variable

 

 

1.78

%

 

 

19,337

 

 

 

19,337

 

 

 

 

 

 

 

 

5.10

%

 

 

274,337

 

 

 

274,337

 

31 West 52nd Street (64.2% interest)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec-2017

 

Fixed (1)

 

 

5.74

%

 

 

337,500

 

 

 

337,500

 

 

 

Dec-2017

 

Variable

 

 

1.70

%

 

 

75,990

 

 

 

75,990

 

 

 

 

 

 

 

 

5.00

%

 

 

413,490

 

 

 

413,490

 

One Market Plaza (49.0% interest)

 

Dec-2019

 

Fixed (1)

 

 

6.14

%

 

 

856,183

 

 

 

853,711

 

Waterview

 

June-2017

 

Fixed

 

 

5.76

%

 

 

210,000

 

 

 

210,000

 

1899 Pennsylvania Avenue

 

Nov-2020

 

Fixed

 

 

4.88

%

 

 

89,465

 

 

 

90,489

 

Liberty Place

 

June-2018

 

Fixed

 

 

4.50

%

 

 

84,000

 

 

 

84,000

 

Total mortgages and notes payable

 

 

 

 

 

 

5.50

%

 

$

2,853,735

 

 

$

2,852,287

 

 

(1)  Represents loans with variable interest rates that have been fixed by interest rate swaps (See Note 7, Derivative Instruments and Hedging Activities).