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Deferred Leasing Costs and Acquisition-related Intangible Assets and Liabilities, net (Tables)
3 Months Ended
Mar. 31, 2013
Intangible Assets and Liabilities Disclosure [Abstract]  
Summary of identified deferred leasing costs and acquisition-related intangible assets and liabilities [Table Text Block]
The following table summarizes our deferred leasing costs and acquisition-related intangible assets (acquired value of leasing costs, above-market operating leases, in-place leases and below-market ground lease obligation) and intangible liabilities (acquired value of below-market operating leases and above-market ground lease obligation) as of March 31, 2013 and December 31, 2012:
 
 
March 31, 2013
 
December 31, 2012
 
(in thousands)
Deferred Leasing Costs and Acquisition-related Intangible Assets, net(1):
 
 
 
Deferred leasing costs
$
171,107

 
$
168,087

Accumulated amortization
(62,265
)
 
(61,443
)
Deferred leasing costs, net
108,842

 
106,644

Above-market operating leases
27,627

 
27,977

Accumulated amortization
(13,010
)
 
(12,180
)
Above-market operating leases, net
14,617

 
15,797

In-place leases
103,778

 
101,061

Accumulated amortization
(31,195
)
 
(34,019
)
In-place leases, net
72,583

 
67,042

Below-market ground lease obligation
690

 
690

Accumulated amortization
(207
)
 
(205
)
Below-market ground lease obligation, net
483

 
485

Total deferred leasing costs and acquisition-related intangible assets, net
$
196,525

 
$
189,968

Acquisition-related Intangible Liabilities, net(1)(2):
 
 
 
Below-market operating leases
$
67,705

 
$
70,486

Accumulated amortization
(16,690
)
 
(17,555
)
Below-market operating leases, net
51,015

 
52,931

Above-market ground lease obligation
6,320

 
6,320

Accumulated amortization
(147
)
 
(122
)
Above-market ground lease obligation, net
6,173

 
6,198

Total acquisition-related intangible liabilities, net
$
57,188

 
$
59,129

________________________
(1)
Balances and accumulated amortization amounts at March 31, 2013 reflect the write-off of the following fully amortized amounts at January 1, 2013: deferred leasing costs (approximately $7.0 million), above-market leases (approximately $0.6 million), in-place leases (approximately $10.3 million), and below-market leases (approximately $4.4 million).
(2)
Included in deferred revenue and acquisition-related intangible liabilities, net in the consolidated balance sheets.
Schedule Of Finite Lived Intangible Assets and Liabilities Amortization Expense [Table Text Block]
The following table sets forth amortization related to deferred leasing costs and acquisition-related intangibles for the three months ended March 31, 2013 and 2012:
 
Three Months Ended March 31,
 
2013
 
2012
 
(in thousands)
Deferred leasing costs (1)
$
7,844

 
$
4,498

Above-market operating leases (2)
1,438

 
1,371

In-place leases (1)
7,458

 
3,781

Below-market ground lease obligation (3)
2

 
50

Below-market operating leases (4)
(3,485
)
 
(1,896
)
Above-market ground lease obligation (5)
(25
)
 
(16
)
Total
$
13,232

 
$
7,788

_________________________
(1)
The amortization of deferred leasing costs and in-place leases is recorded to depreciation and amortization expense in the consolidated statements of operations for the periods presented.
(2)
The amortization of above-market operating leases is recorded as a decrease to rental income in the consolidated statements of operations for the periods presented.
(3)
The amortization of the below-market ground lease obligation is recorded as an increase to ground lease expense in the consolidated statements of operations for the periods presented.
(4)
The amortization of below−market operating leases is recorded as an increase to rental income in the consolidated statements of operations for the periods presented.
(5)
The amortization of the above-market ground lease obligation is recorded as a decrease to ground lease expense in the consolidated statements of operations for the periods presented.
ScheduleofFiniteLivedIntangibleAssetsAndLiabilitiesFutureAmortizationExpense [Table Text Block]
The following table sets forth the estimated annual amortization expense related to deferred leasing costs and acquisition−related intangibles as of March 31, 2013 for future periods:
Year
Deferred Leasing Costs
 
Above-Market Operating Leases(1)
 
In-Place Leases
 
Below-Market Ground Lease Obligation(2)
 

Below-Market Operating Leases(3)
 
Above-Market Ground Lease Obligation(4)
 
(in thousands)
Remaining 2013
$
18,417

 
$
3,939

 
$
20,874

 
$
6

 
$
(9,847
)
 
$
(76
)
2014
21,530

 
4,389

 
18,012

 
8

 
(11,512
)
 
(101
)
2015
17,558

 
2,586

 
11,729

 
8

 
(8,998
)
 
(101
)
2016
14,877

 
1,559

 
8,613

 
8

 
(6,814
)
 
(101
)
2017
12,311

 
1,225

 
6,818

 
8

 
(5,747
)
 
(101
)
Thereafter
24,149

 
919

 
6,537

 
445

 
(8,097
)
 
(5,693
)
Total
$
108,842

 
$
14,617

 
$
72,583

 
$
483

 
$
(51,015
)
 
$
(6,173
)
_______________________
(1)
Represents estimated annual amortization related to above-market operating leases. Amounts will be recorded as a decrease to rental income in the consolidated statements of operations.
(2)
Represents estimated annual amortization related to below−market ground lease obligations. Amounts will be recorded as an increase to ground lease expense in the consolidated statements of operations.
(3)
Represents estimated annual amortization related to below-market operating leases. Amounts will be recorded as an increase to rental income in the consolidated statements of operations.
(4)
Represents estimated annual amortization related to above−market ground lease obligations. Amounts will be recorded as a decrease to ground lease expense in the consolidated statements of operations.