OTHER ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2015

OTHER ASSETS AND LIABILITIES

Summary of the significant components of prepaid expenses and other assets

	September 30,		December 31,
	2015		2014
	(Inthousands)
Condominium receivables	$	95,521		—
Condominium deposits		71,507	$	151,592
Special Improvement District receivable		30,843		33,318
In-place leases		24,225		32,715
Below-market ground leases		19,409		19,663
Above-market tenant leases		3,806		4,656
Equipment, net of accumulated depreciation of $3.5 million and $2.4 million, respectively		19,150		20,284
Tenant incentives and other receivables		23,240		14,264
Security and escrow deposits		12,556		9,829
Prepaid expenses		9,997		9,196
Federal income tax receivable		8,268		8,629
Intangibles		3,880		3,593
Uncertain tax position asset		443		383
Other		751		2,014
	$	323,596	$	310,136

Summary of the significant components of accounts payable and accrued expenses

	September 30,		December 31,
	2015		2014
	(In thousands)
Construction payables	$	184,966	$	170,935
Deferred income		101,390		65,675
Condominium deposit liability		29,718		82,150
Tenant and other deposits		31,688		12,756
Accounts payable and accrued expenses		34,318		34,154
Accrued interest		28,282		14,791
Accrued payroll and other employee liabilities		22,856		25,838
Accrued real estate taxes		14,830		9,903
Interest rate swaps		3,651		3,144
Above-market ground leases		2,153		2,272
Membership deposits		—		21,023
Other		35,183		23,376
	$	489,035	$	466,017