The following table sets forth the details of interest and other (loss) income.

	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
(Amounts in thousands)	2017			2016		2017			2016
Valuation allowance on preferred equity investment ⁽¹⁾	$	(19,588	)	$	-	$	(19,588	)	$	-
Preferred equity investment income⁽²⁾		961			1,460		3,327			4,299
Interest and other income		147			103		743			533
Mark-to-market of investments in our deferred compensation plans ⁽³⁾		812			736		3,536			197
Total interest and other (loss) income, net	$	(17,668	)	$	2,299	$	(11,982	)	$	5,029

⁽¹⁾

Represents the valuation allowance on 2 Herald Square, our preferred equity investment in PGRESS Equity Holdings L.P., of which our 24.4% share is $4,780 and $14,808 was attributable to the noncontrolling interests.

⁽²⁾

Represents income from our preferred equity investments in PGRESS Equity Holdings L.P., of which our 24.4% share is $243 and $355 for the three months ended September 30, 2017 and 2016, respectively, and $819 and $1,047 for the nine months ended September 30, 2017 and 2016, respectively. See Note 7, Preferred Equity Investments

⁽³⁾

The change resulting from the mark-to-market of the deferred compensation plan assets is entirely offset by the change in the deferred compensation plan liabilities, which is included in “general and administrative” expenses.