Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2016

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Outstanding Interest Rate Swaps

The table below provides additional details on our interest rate swaps that are not designated as hedges.

	Notional				Strike			Fair Value as of
Property	Amount		Effective Date	Maturity Date	Rate			September 30, 2016		December 31, 2015
(Amounts in thousands)
One Market Plaza	$	840,000	Aug-2007 - Aug-2012	Aug-2017		5.02	%	$	31,383	$	55,404
900 Third Avenue (1)		162,000	Nov-2007	Nov-2017		4.78	%		7,610		11,630
31 West 52nd Street (2)		-	n/a	n/a	n/a				-		17,661
Total interest rate swap liabilities related to non-designated hedges								$	38,993	$	84,695

⁽¹⁾ Terminated in connection with the repayment of this loan on October 6, 2016.  See Note 22, Subsequent Events.

⁽²⁾ Terminated in connection with the refinancing of 31 West 52nd Street. See Note 8, Debt.

The table below provides additional details on our interest rate swaps that are designated as cash flow hedges.  

	Notional				Strike			Fair Value as of
Property	Amount		Effective Date	Maturity Date	Rate			September 30, 2016		December 31, 2015
(Amounts in thousands)
1633 Broadway	$	1,000,000	Dec-2015	Dec-2020 - Dec-2022		1.79	%	$	39,201	$	9,204
1633 Broadway		400,000	Dec-2020	Dec-2021		2.35	%		3,852		37
Total interest rate swap liabilities related to cash flow hedges								$	43,053	$	9,241