Plaza Fire Reimbursements, Net

9 Months Ended

Sep. 30, 2011

Plaza Fire Reimbursements, Net [Abstract]

Plaza Fire Reimbursements, Net

15. Plaza Fire Reimbursements, Net

In July 2009, an electrical fire contained within a garage level equipment room of the east building of Fisher Plaza disrupted city-supplied electrical service to that building. A third-party investigation concluded that the fire appears to have been caused by a malfunction of bus duct equipment manufactured by a third-party.

The Company recorded the Plaza fire expenses as incurred and recorded insurance reimbursements within operating results in the period the reimbursements are considered probable and certain. During the three and nine months ended September 30, 2011, the Company recorded net reimbursements of $40,000 and $223,000, respectively, which is included in Plaza fire reimbursements, net on the Company's unaudited condensed consolidated statement of operations. During the three and nine months ended September 30, 2010, the Company recorded net reimbursements of $2.9 million and $3.3 million, respectively. In total, the Company incurred approximately $6.8 million in cash expenditures related to the Plaza fire, comprised of remediation expenses of $3.7 million and capital expenditures of $3.1 million. To date, the Company has received total insurance reimbursements of $6.1 million, which represents all of the Company's expected reimbursements.