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Note Payable
9 Months Ended
Sep. 30, 2011
5. NOTE PAYABLE [Abstract] 
Mortgage Notes Payable Disclosure [Text Block]
5. NOTE PAYABLE
On August 3, 2011, in connection with the acquisition of the 1635 N. Cahuenga Building, the Joint Venture obtained $3.5 million of secured financing (the “1635 N. Cahuenga Mortgage Loan”) from the seller of the 1635 N. Cahuenga Building. The 1635 N. Cahuenga Mortgage Loan bears interest at a fixed rate of 5.0% per annum and matures on July 31, 2016. Monthly payments are interest-only with the outstanding principal balance due at maturity. The Joint Venture may prepay the unpaid principal balance under the 1635 N. Cahuenga Mortgage Loan, in whole or in part, together with all interest then accrued under the loan, at any time, without premium or penalty. The 1635 N. Cahuenga Mortgage Loan is secured by the 1635 N. Cahuenga Building.