Discontinued Operations

6 Months Ended

Jun. 30, 2011

Notes to Financial Statements [Abstract]

Note E - Discontinued Operations

All current and prior period income from the following office property dispositions is included in discontinued operations for the three months and six months ended June 30, 2011 and 2010 (in thousands).

Office Property	Location	Square Feet	Date of Sale		Net Sales Price		Net Book Value of Real Estate		Gain on Sale
One Park Ten	Houston, Texas	163	04/15/10	$	14,924	$	6,406	$	8,518
2010 Dispositions		163		$	14,924	$	6,406	$	8,518

233 North Michigan	Chicago, Illinois	1,070	05/11/11	$	156,546	$	152,254	$	4,292
2011 Dispositions		1,070		$	156,546	$	152,254	$	4,292

On May 11, 2011, the Company sold 233 North Michigan, a 1.1 million square foot office building in Chicago, Illinois, for gross proceeds of $162.2 million and recorded a gain on the sale of $4.3 million. Accordingly, income from 233 North Michigan has been classified as discontinued operations for all current and prior periods presented.

The amount of revenue and expense for these two office properties reported in discontinued operations for the three months and six months ended June 30, 2011 and 2010 is as follows (in thousands):

	Three Months ended June 30				Six Months Ended June 30
	2011		2010		2011		2010
Income statement:
Revenues
Income from office and parking properties	$	3,261	$	7,876	$	10,348	$	16,263
		3,261		7,876		10,348		16,263

Expenses
Office and parking properties:
Operating expense		1,880		4,044		5,803		8,478
Interest expense		180		1,283		1,263		2,582
Depreciation and amortization		595		1,896		2,410		3,928
		2,655		7,223		9,476		14,988

Income from discontinued operations		606		653		872		1,275
Gain on sale of real estate from discontinued operations		4,292		8,518		4,292		8,518
Total discontinued operations	$	4,898	$	9,171	$	5,164	$	9,793