Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 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.

								The Company
	Notional				Strike			Fair Value as of December 31,
Property	Amount		Effective Date	Maturity Date	Rate			2016		2015
(Amounts in thousands)
One Market Plaza (1)	$	840,000	Aug-2007 to Aug-2012	Aug-2017		5.02	%	$	21,227	$	55,404
31 W 52nd Street (2)		-	n/a	n/a	n/a				-		17,661
900 Third Avenue (3)		-	n/a	n/a	n/a				-		11,630
Total interest rate swap liabilities related to non-designated hedges								$	21,227	$	84,695

⁽¹⁾ Terminated in connection with the refinancing of One Market Plaza in January 2017. See Note 27, Subsequent Events.

⁽²⁾ Terminated in connection with the refinancing of 31 West 52nd Street. See Note 9, Debt.

⁽³⁾ Terminated in connection with the repayment of this loan. See Note 9, Debt.

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

								The Company
	Notional				Strike			Fair Value as of December 31,
Property	Amount		Effective Date	Maturity Date	Rate			2016		2015
(Amounts in thousands)
1633 Broadway	$	400,000	Dec-2020	Dec-2021		2.35	%	$	139	$	-
Total interest rate swap assets designated as cash flow hedges								$	139	$	-
1633 Broadway	$	1,000,000	Dec-2015	Dec-2020 to Dec-2022		1.79	%	$	1,219	$	9,204
1633 Broadway		400,000	Dec-2020	Dec-2021		2.35	%		-		37
Total interest rate swap liabilities designated as cash flow hedges								$	1,219	$	9,241