OTHER ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2017

OTHER ASSETS AND LIABILITIES

Summary of the significant components of prepaid expenses and other assets

	December 31,
(In thousands)	2017		2016
Condominium receivables (a)	$	158,516	$	210,219
Condominium deposits		82,605		193,197
Straight-line rent		39,136		31,518
Security and escrow deposits		37,585		61,304
Intangibles		34,802		4,046
Special Improvement District receivable		26,430		61,603
Below-market ground leases		18,647		18,986
In-place leases		10,821		16,015
Above-market tenant leases		1,648		2,457
Equipment, net of accumulated depreciation of $6.9 million and $5.3 million, respectively		16,955		17,556
Prepaid expenses		11,731		11,177
Tenant incentives and other receivables		8,482		8,773
Interest rate swap derivative assets		4,470		—
Federal income tax receivable		2,198		15,763
Other		19,242		13,902
	$	473,268	$	666,516

(a) We expect $4.4 million related to Anaha will be collected in 2018, and $151.5 million and $2.7 million relating to Ae`o and Ke Kilohana, respectively, will be collected in 2019.

Summary of the significant components of accounts payable and accrued expenses

	December 31,
(In thousands)	2017		2016
Construction payables	$	217,838	$	207,917
Condominium deposit liabilities		55,975		117,015
Deferred income		53,337		85,158
Accounts payable and accrued expenses		35,887		33,050
Tenant and other deposits		18,937		28,559
Accrued payroll and other employee liabilities		41,236		36,937
Accrued interest		20,322		16,897
Accrued real estate taxes		22,289		16,726
Straight-line ground rent liability		14,944		13,126
Interest rate swaps		5,961		(149)
Above-market ground leases		293		1,762
Other		34,699		15,012
	$	521,718	$	572,010