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Investments in Partially Owned Entities (Tables)
 6 Months Ended
Jun. 30, 2018
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
June 30, 2018
 
Balance as of
 
 
 
June 30, 2018
 
December 31, 2017
Investments:
 
 
 
 
 
 
Partially owned office buildings/land(1)
Various
 
$
503,240

 
$
504,393

 
Alexander’s
32.4%
 
114,768

 
126,400

 
PREIT
8.0%
 
63,240

 
66,572

 
UE
4.5%
 
43,960

 
46,152

 
Other investments(2)
Various
 
234,593

 
313,312

 
 
 
 
$
959,801

 
$
1,056,829

 
 
 
 
 
 
 
 
330 Madison Avenue(3)
25.0%
 
$
(56,463
)
 
$
(53,999
)
 
7 West 34th Street (4)
53.0%
 
(49,363
)
 
(47,369
)
 
 
 
 
$
(105,826
)
 
$
(101,368
)
____________________
(1)
Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 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, 666 Fifth Avenue Office Condominium and others.
(3)
Our negative basis resulted from a refinancing distribution and is included in "other liabilities" on our consolidated balance sheets.
(4)
Our negative basis resulted from a deferred gain from the sale of a 47.0% ownership interest in the property on May 27, 2016 and is included in "other liabilities" on our consolidated balance sheets.

Below is a schedule of net income (loss) from partially owned entities.
(Amounts in thousands)
Percentage
Ownership at
June 30, 2018
 
For the Three Months Ended
June 30,
 
For the Six Months Ended
June 30,
 
 
 
2018
 
2017
 
2018
 
2017
Our share of net income (loss):
 
 
 
 
 
 
 
 
 
 
Alexander's (see page 25 for details):
 
 
 
 
 
 
 
 
 
 
Equity in net income(1)
32.4%
 
$
6,146

 
$
6,690

 
$
2,937

 
$
13,582

 
Management, leasing and development fees
 
 
1,021

 
1,507

 
2,229

 
3,016

 
 
 
 
7,167

 
8,197

 
5,166

 
16,598

 
 
 
 
 
 
 
 
 
 
 
 
Partially owned office buildings(2)
Various
 
2,002

 
236

 
(2,281
)
 
1,046

 
 
 
 
 
 
 
 
 
 
 
 
UE (see page 25 for details):
 
 
 
 
 
 
 
 
 
 
Equity in net income(3)
4.5%
 
1,038

 
18,794

 
321

 
19,885

 
Management, leasing and development fees
 
 
74

 
209

 
150

 
418

 
 
 
 
1,112

 
19,003

 
471

 
20,303

 
 
 
 
 
 
 
 
 
 
 
 
PREIT (see page 25 for details):
8.0%
 
(1,068
)
 
(902
)
 
(1,497
)
 
(3,732
)
 
 
 
 
 
 
 
 
 
 
 
 
Other investments(4)
Various
 
(456
)
 
19,487

 
(3,006
)
 
13,164

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
8,757

 
$
46,021

 
$
(1,147
)
 
$
47,379

____________________
(1)
The six month period ended June 30, 2018 includes our $7,708 share of Alexander's potential additional Transfer Tax.
(2)
Includes interests in 280 Park Avenue, 650 Madison Avenue, One Park Avenue, 7 West 34th Street, 330 Madison Avenue, 512 West 22nd Street, 85 Tenth Avenue and others. The six month period ended June 30, 2018 includes our $4,978 share of potential additional Transfer Tax related to the March 2011 acquisition of One Park Avenue (see Note 6 - Real Estate Fund Investments).
(3)
2017 includes a $15,900 net gain resulting from UE operating partnership unit issuances.
(4)
Includes interests in Independence Plaza, Fashion Centre Mall/Washington Tower, Rosslyn Plaza, 50-70 West 93rd Street, 666 Fifth Avenue Office Condominium 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.