Acquisitions

6 Months Ended

Jun. 30, 2019

Business Combinations [Abstract]

Acquisitions

3. Acquisitions

55 Second Street

On June 23, 2019, we entered into an agreement to acquire 55 Second Street, a 387,000 square foot office building located in San Francisco, California, for $407,800,000. In connection therewith, we made a $20,000,000 deposit, which is included in “other assets” on our consolidated balance sheet. The transaction, which is subject to customary closing conditions, is expected to close by the end of the third quarter of 2019 and we intend to bring in a joint venture partner prior to closing.