OTHER ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2016

OTHER ASSETS AND LIABILITIES

Summary of the significant components of prepaid expenses and other assets

	December 31,
(In thousands)	2016		2015
Condominium receivables (a)	$	210,219	$	191,037
Condominium deposits		193,197		55,749
Special Improvement District receivable		61,603		72,558
Straight-line rent, net		31,518		22,241
In-place leases		16,015		22,139
Below-market ground leases		18,986		19,325
Above-market tenant leases		2,457		3,581
Equipment, net of accumulated depreciation of $4.9 million and $3.9 million, respectively		17,556		18,772
Security and escrow deposits		61,304		17,599
Tenant incentives and other receivables		8,773		10,480
Prepaid expenses		11,177		8,474
Federal income tax receivable		15,763		11,972
Intangibles		4,046		4,045
Uncertain tax position asset		—		112
Other		13,902		5,347
	$	666,516	$	463,431

We expect all the Condominium receivables outstanding at December 31, 2016, to be collected in 2017 upon closing Anaha and the remaining units at Waiea condominium projects.

Summary of the significant components of accounts payable and accrued expenses

	December 31,
(In thousands)	2016		2015
Construction payables	$	207,917	$	185,731
Deferred income		85,158		117,730
Condominium deposit liabilities		117,015		50,192
Accounts payable and accrued expenses		33,050		33,928
Tenant and other deposits		28,559		34,894
Accrued interest		16,897		16,504
Accrued payroll and other employee liabilities		36,937		31,271
Accrued real estate taxes		16,726		15,134
Interest rate swaps		(149)		4,217
Straight-line ground rent liability		13,126		10,757
Above-market ground leases		1,762		2,113
Other		15,012		12,883
	$	572,010	$	515,354

Straight-line ground rent was previously reported in Other.