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Investments in Partially Owned Entities (Tables)
 9 Months Ended
Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
Below is a schedule summarizing our investments in partially owned entities.
(Amounts in thousands)
Percentage Ownership at
 
Balance as of
 
 
September 30, 2017
 
September 30, 2017
 
December 31, 2016
Investments:
 
 
 
 
 
 
Partially owned office buildings/land (1)
Various
 
$
542,778

 
$
734,536

 
Alexander’s
32.4%
 
125,632

 
129,324

 
PREIT
8.0%
 
66,477

 
122,883

 
UE
4.5%
 
46,542

 
24,523

 
Other investments (2)
Various
 
283,553

 
366,988

 
 
 
 
$
1,064,982

 
$
1,378,254

 
 
 
 
 
 
 
 
330 Madison Avenue(3)
25.0%
 
$
(53,237
)
 
$
—

 
7 West 34th Street (4)
53.0%
 
(46,013
)
 
(43,022
)
 
 
 
 
$
(99,250
)
 
$
(43,022
)
____________________
(1)
Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 330 Madison Avenue (2016 only - see (3) below), 512 West 22nd Street, 85 Tenth Avenue, 61 Ninth Avenue and others.
(2)
Includes interests in Independence Plaza, Fashion Centre Mall/Washington Tower, Rosslyn Plaza, 50-70 West 93rd Street, Moynihan Office Building, Toys (which has a carrying amount of zero), and others.
(3)
Our negative basis resulted from a refinancing distribution and is included in "other liabilities" on our consolidated balance sheets as of September 30, 2017.
(4)
Our negative basis results from a deferred gain from the sale of a 47.0% ownership interest in the property and is included in "other liabilities" on our consolidated balance sheets.
6.
Investments in Partially Owned Entities - continued

Below is a schedule of net (loss) income from partially owned entities.
(Amounts in thousands)
Percentage Ownership at September 30, 2017
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
 
 
2017
 
2016
 
2017
 
2016
Our share of net (loss) income:
 
 
 
 
 
 
 
 
 
 
PREIT (see page 23 for details):
 
 
 
 
 
 
 
 
 
 
Non-cash impairment loss
8.0%
 
$
(44,465
)
 
$
—

 
$
(44,465
)
 
$
—

 
Equity in net earnings
 
 
(5,283
)
 
52

 
(9,015
)
 
(4,763
)
 
 
 
 
(49,748
)
 
52

 
(53,480
)
 
(4,763
)
 
Alexander's (see page 23 for details):
 
 
 
 
 
 
 
 
 
 
Equity in net earnings
32.4%
 
6,510

 
6,891

 
20,092

 
20,640

 
Management, leasing and development fees
 
 
1,335

 
1,894

 
4,351

 
5,307

 
 
 
 
7,845

 
8,785

 
24,443

 
25,947

 
UE (see page 23 for details):
 
 
 
 
 
 
 
 
 
 
Net gain resulting from UE operating partnership unit issuances
4.5%
 
5,200

 
—

 
21,100

 
—

 
Equity in net earnings
 
 
708

 
1,949

 
4,693

 
3,896

 
Management fees
 
 
100

 
209

 
518

 
627

 
 
 
 
6,008

 
2,158

 
26,311

 
4,523

 
 
 
 
 
 
 
 
 
 
 
 
Partially owned office buildings/land(1)
Various
 
(5,551
)
 
(8,642
)
 
(23,508
)
 
(29,882
)
 
 
 
 
 
 
 
 
 
 
 
 
Other investments(2)
Various
 
(355
)
 
1,458

 
31,812

 
8,067

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
(41,801
)
 
$
3,811

 
$
5,578

 
$
3,892

____________________
(1)
Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 666 Fifth Avenue (Office), 7 West 34th Street, 330 Madison Avenue, 512 West 22nd Street, 85 Tenth Avenue and others.
(2)
Includes interests in Independence Plaza, Fashion Centre Mall/Washington Tower, Rosslyn Plaza, 50-70 West 93rd Street, Toys, and others. In the second quarter of 2017, we recognized $26,687 of net gains, comprised of $15,314 representing our share of a net gain on the sale of Suffolk Downs and $11,373 representing the net gain on repayment of our debt investments in Suffolk Downs JV. See page 24 for details.