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Investment in Unconsolidated Joint Ventures (Details 2) (USD $)
1 Months Ended 1 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
33 Beekman
Dec. 31, 2013
16 Court Street
Dec. 31, 2012
16 Court Street
Dec. 31, 2013
Joint venture
Dec. 31, 2012
Joint venture
Dec. 31, 2013
Joint venture
100 Park Avenue
Dec. 31, 2012
Joint venture
100 Park Avenue
Dec. 31, 2013
Joint venture
7 Renaissance
Dec. 31, 2012
Joint venture
7 Renaissance
Dec. 31, 2013
Joint venture
11 West 34th Street
Dec. 31, 2012
Joint venture
11 West 34th Street
Dec. 31, 2013
Joint venture
280 Park Avenue
Dec. 31, 2012
Joint venture
280 Park Avenue
Dec. 31, 2013
Joint venture
21 West 34th Street
Dec. 31, 2012
Joint venture
21 West 34th Street
Dec. 31, 2013
Joint venture
1745 Broadway
Dec. 31, 2012
Joint venture
1745 Broadway
Dec. 31, 2013
Joint venture
1 and 2 Jericho Plaza
Dec. 31, 2012
Joint venture
1 and 2 Jericho Plaza
Dec. 31, 2013
Joint venture
800 Third Avenue
Dec. 31, 2012
Joint venture
800 Third Avenue
Dec. 31, 2013
Joint venture
388 and 390 Greenwich Street
Dec. 31, 2012
Joint venture
388 and 390 Greenwich Street
Dec. 31, 2013
Joint venture
388 and 390 Greenwich Street
Mortgage loan
Dec. 31, 2013
Joint venture
388 and 390 Greenwich Street
Mezzanine loans
Dec. 31, 2013
Joint venture
315 West 36th Street
Dec. 31, 2012
Joint venture
315 West 36th Street
Jun. 30, 2013
Joint venture
717 Fifth Avenue
Mortgage loan
Sep. 30, 2012
Joint venture
717 Fifth Avenue
Mortgage loan
Sep. 30, 2012
Joint venture
717 Fifth Avenue
Mezzanine loans
Dec. 31, 2013
Joint venture
21 East 66th Street
Dec. 31, 2012
Joint venture
21 East 66th Street
Dec. 31, 2013
Joint venture
1604-1610 Broadway
Dec. 31, 2012
Joint venture
1604-1610 Broadway
Dec. 31, 2013
Joint venture
West Coast office portfolio
Dec. 31, 2012
Joint venture
West Coast office portfolio
Dec. 31, 2013
Joint venture
747 Madison Avenue
Dec. 31, 2012
Joint venture
747 Madison Avenue
Nov. 30, 2013
Joint venture
180/182 Broadway
Dec. 31, 2013
Joint venture
180/182 Broadway
Dec. 31, 2012
Joint venture
180/182 Broadway
Aug. 31, 2012
Joint venture
The Meadows
Dec. 31, 2012
Joint venture
The Meadows
Dec. 31, 2013
Joint venture
The Meadows
Dec. 31, 2013
Joint venture
3 Columbus Circle
Dec. 31, 2012
Joint venture
3 Columbus Circle
Apr. 30, 2013
Joint venture
1552 Broadway
extenstion_option
Dec. 31, 2013
Joint venture
1552 Broadway
Dec. 31, 2012
Joint venture
1552 Broadway
Dec. 31, 2013
Joint venture
1552 Broadway
Mortgage loan
Apr. 30, 2013
Joint venture
1552 Broadway
Mortgage loan
Dec. 31, 2013
Joint venture
1552 Broadway
Mezzanine loans
Apr. 30, 2013
Joint venture
1552 Broadway
Mezzanine loans
Dec. 31, 2013
Joint venture
Other loan payable
Dec. 31, 2012
Joint venture
Other loan payable
Dec. 31, 2013
Joint venture
724 Fifth Avenue
Dec. 31, 2012
Joint venture
724 Fifth Avenue
Dec. 31, 2013
Joint venture
10 East 53rd Street
Dec. 31, 2012
Joint venture
10 East 53rd Street
Dec. 31, 2013
Joint venture
33 Beekman
Dec. 31, 2012
Joint venture
33 Beekman
Dec. 31, 2013
Joint venture
600 Lexington Avenue
Dec. 31, 2012
Joint venture
600 Lexington Avenue
Nov. 30, 2012
Joint venture
521 Fifth Avenue
Dec. 31, 2013
Joint venture
521 Fifth Avenue
Dec. 31, 2012
Joint venture
521 Fifth Avenue
Dec. 31, 2013
Joint venture
27-29 West 34th Street
Dec. 31, 2012
Joint venture
27-29 West 34th Street
Dec. 31, 2013
Joint venture
16 Court Street
Dec. 31, 2012
Joint venture
16 Court Street
Dec. 31, 2013
Initial Maturity July 2022
Joint venture
717 Fifth Avenue
Dec. 31, 2012
Initial Maturity July 2022
Joint venture
717 Fifth Avenue
Dec. 31, 2013
Initial Maturity July 2024
Joint venture
717 Fifth Avenue
Dec. 31, 2012
Initial Maturity July 2024
Joint venture
717 Fifth Avenue
Sep. 30, 2012
West Coast office portfolio
Dec. 31, 2013
West Coast office portfolio
property
Aug. 31, 2012
West Coast office portfolio
Dec. 31, 2013
West Coast office portfolio
Joint venture
Mezzanine loans
Dec. 31, 2013
West Coast office portfolio
Joint venture
Mortgage Loan
Dec. 31, 2013
3 Columbus Circle
Sep. 30, 2012
LIBOR
717 Fifth Avenue
Mortgage loan
Dec. 31, 2013
LIBOR
16 Court Street
First mortgage notes and other loan payable                                                                                                                                                                        
Interest rate, fixed rate debt (as a percent)               6.64% [1]   10.00% [1]   4.82% [1]   6.57% [1]   5.76% [1]   5.68% [1]   5.65% [1]   6.00% [1]   3.20% [1],[2]       3.16% [1]         4.10% [1],[3]   5.66% [1],[4]                                                                           4.45% [1],[5]   9.00% [1],[5]                  
Interest rate, floating rate debt (as a percent)       3.22% [1],[6]                                       1.34% [1],[2]                 2.88% [1]       3.93% [1],[7]   2.97% [1]     2.94% [1],[8]       7.75% [1],[9] 2.38% [1],[10]     3.48% [1],[11]           1.09% [1]   2.54% [1]   2.69% [1]   2.94% [1],[12]   2.28% [1]     2.39% [1]                                  
Total fixed rate debt $ 4,130,629,000 $ 3,457,769,000       $ 3,223,895,000 $ 3,219,885,000 $ 209,786,000 $ 212,287,000 $ 1,276,000 $ 856,000 $ 17,205,000 $ 17,491,000 $ 706,886,000 $ 710,000,000 $ 100,000,000 $ 100,000,000 $ 340,000,000 $ 340,000,000 $ 163,750,000 $ 163,750,000 $ 20,910,000 $ 20,910,000 $ 996,082,000 [2] $ 996,082,000 [2]     $ 25,000,000 $ 25,000,000   $ 300,000,000 $ 290,000,000 $ 12,000,000 [3] $ 12,000,000 [3] $ 27,000,000 [4] $ 27,000,000 [4]                                                                         $ 300,000,000 [5] $ 300,000,000 [5] $ 304,000,000 [5] $ 294,509,000 [5]                
Total floating rate debt 729,949,000 1,157,695,000   79,243,000 [6] 0 [6] 1,842,815,000 2,138,163,000                                 142,297,000 [2] 142,297,000 [2] 72,000,000 70,300,000           1,959,000 2,033,000     526,290,000 [7] 745,025,000 [7] 33,125,000 33,125,000   89,893,000 [8] 71,524,000 [8]   57,000,000 [9] 67,350,000 [9] 239,233,000 [10] 247,253,000 [10]   158,690,000 [11] 113,869,000 [11]         30,000,000 30,000,000 120,000,000 120,000,000 125,000,000 125,000,000 18,362,000 [12] 18,362,000 [12] 120,616,000 124,384,000   170,000,000 170,000,000 0 [13] 53,375,000 [13] 0 [14] 84,916,000 [14]                        
Total mortgages and other loans payable 4,860,578,000 4,615,464,000       5,066,710,000 5,358,048,000                                     576,000,000 562,400,000                                                                                                                  
Maximum amount of loan recourse to entity     75,000,000     218,400,000                                         200,000,000.0                                                                                                                  
Face amount of loan                                                           245,000,000.0                                                                                             68,000,000.0   26,700,000 20,500,000        
Interest rate added to base rate (as a percent)                                                                                                                                                                     2.75% 3.50%
Number of properties sold (properties)                                                                                                                                                           3            
Repayments of loan                                                                                                                                                           194,500,000   20,500,000 194,500,000      
Committed amount           60,000,000                                                                       90,000,000   60,000,000   67,400,000     200,000,000.0       170,000,000.0   30,000,000.0                                                          
Period of extension option for mortgage secured by the portfolio                                                                                 1 year               1 year                                                       1 year              
Term of refinanced mortgage                                                                                       3 years         3 years                                 7 years                     2 years              
Proceeds from sale of equity method investments                                                                                         10,800,000                                                                 224,300,000            
Possible increase in mortgage based on meeting certain performance hurdles                                                                                             40,000,000                                                                          
Undrawn amount                                                                                         3,000,000                                                                              
Committed additional capital contribution funded                                                                                                                                                                   260,000,000    
Amount outstanding                                                                                                 119,600,000                                                                      
Number of extension options (extension options)                                                                                                 2                                                                      
Unfunded amount                                                                                                       $ 37,600,000   $ 3,700,000                                                            
[1] Effective weighted average interest rate for the year ended December 31, 2013, taking into account interest rate hedges in effect during the period.
[2] These loans are comprised of a $576.0 million mortgage and a $562.4 million mezzanine loan, both of which are fixed rate loans, except for $72.0 million of the mortgage and $70.3 million of the mezzanine loan which are floating. Up to $200.0 million of the mezzanine loan, secured indirectly by these properties, is recourse to us. We believe it is unlikely that we will be required to perform under this guarantee.
[3] In April 2013, the loan was refinanced at par and its maturity was extended to April 2023.
[4] This loan went into default in November 2009 due to the non-payment of debt service.
[5] In June 2012, the joint venture replaced the $245.0 million floating rate mortgage loan, which bore interest at 275 basis points over LIBOR and was due to mature in September 2012, with a $300.0 million fixed rate mortgage loan and $290.0 million mezzanine loan which is subject to accretion based on the difference between contractual interest rate and contractual pay rate.
[6] In April 2013, we acquired interests from our joint venture partner, CIF, and have consolidated the entity due to our controlling interest. In December 2013, we repaid $5.0 million of the principal balance and modified and extended the terms of the existing mortgage. The modified mortgage bears interest based on one-month LIBOR plus 350 basis points with a floor of 50 basis points.
[7] As a result of the sale of three of its properties, the joint venture paid down $194.5 million of its mortgage and $20.5 million of its mezzanine loan.
[8] This loan has a committed amount of $90.0 million. In November 2013, this loan was extended by one-year, subject to principal amortization through the maturity date
[9] As a result of the refinancing and restructuring in August 2012, we replaced the previous mortgage with a $60.0 million, three-year mortgage, of which $3.0 million was unfunded as of December 31, 2012, and recognized additional income of $10.8 million due to the repayment of the previous mortgage at a discount. In December 2013, the joint venture upsized the original mortgage with a maximum amount of $60.0 million to $67.4 million. All other terms of the loan remained the same.
[10] This loan has a committed amount of $260.0 million. The joint venture has the ability to increase the mortgage by $40.0 million based on meeting certain performance hurdles. In connection with this obligation, we executed a master lease agreement and our joint venture partner executed a contribution agreement to reflect its pro rata obligation under the master lease. The lien on the mortgage and the master lease excludes the condominium interest owned by Y&R. See Note 7 of prior table.
[11] In April 2013, we refinanced the previous $119.6 million mortgage with a $200.0 million three-year loan construction financing facility comprised of a $170.0 million mortgage loan and a $30.0 million mezzanine loan. The facility has two one-year extension options. As of December 31, 2013, $37.6 million of the mortgage loan and $3.7 million of the mezzanine loan remained unfunded.
[12] This loan has a committed amount of $75.0 million, which is recourse to us. Our partner has indemnified us for its pro rata share of the recourse guarantee. A portion of the guarantee terminates upon the joint venture reaching certain milestones. We believe it is unlikely that we will be required to perform under this guarantee.
[13] In May 2013, this loan was refinanced and its maturity was extended to May 2018. In December 2013, we sold our interest in the joint venture, inclusive of our share in the joint venture debt.
[14] In April 2013, we acquired interests from our joint venture partner, CIF, and have consolidated the entity due to our controlling interest.