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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Summary of Properties Owned
A summary of the properties owned by us is as follows:
Retail
Carmel Country Plaza
Gateway Marketplace
Alamo Quarry Market
Carmel Mountain Plaza
Del Monte Center
Hassalo on Eighth - Retail
South Bay Marketplace
Geary Marketplace
 
Lomas Santa Fe Plaza
The Shops at Kalakaua
 
Solana Beach Towne Centre
Waikele Center
 
Office
Torrey Reserve Campus
Lloyd District Portfolio
 
Solana Beach Corporate Centre
City Center Bellevue
 
The Landmark at One Market
 
 
One Beach Street
 
 
First & Main
 
 
Multifamily
Loma Palisades
Hassalo on Eighth - Multifamily
 
Imperial Beach Gardens
 
 
Mariner's Point
 
 
Santa Fe Park RV Resort
 
 
Pacific Ridge Apartments
 
 
Mixed-Use
 
 
Waikiki Beach Walk Retail and Embassy Suites™ Hotel
 
Held for Development and Construction in Progress
Solana Beach Corporate Centre – Land
 
 
Solana Beach – Highway 101 – Land
 
 
Torrey Point (formerly Sorrento Pointe) – Construction in Progress
Lloyd District Portfolio – Construction in Progress
 
 
A summary of our real estate investments is as follows (in thousands):
 
Retail
 
Office
 
Multifamily
 
Mixed-Use
 
Total
 
December 31, 2017
 
 
 
 
 
 
 
 

 
Land
$
262,860

 
$
143,575

 
$
72,668

 
$
76,635

 
$
555,738

 
Buildings
548,062

 
705,999

 
383,210

 
125,859

 
1,763,130

 
Land improvements
42,401

 
9,313

 
6,758

 
2,606

 
61,078

 
Tenant improvements
67,879

 
80,968

 
—

 
1,955

 
150,802

 
Furniture, fixtures, and equipment
372

 
2,085

 
12,377

 
6,429

 
21,263

 
Construction in progress
3,086

 
52,512

 
6,505

 
24

 
62,127

(1) 
 
924,660

 
994,452

 
481,518

 
213,508

 
2,614,138

 
Accumulated depreciation
(266,006
)
 
(181,331
)
 
(57,474
)
 
(32,620
)
 
(537,431
)
 
Net real estate
$
658,654

 
$
813,121

 
$
424,044

 
$
180,888

 
$
2,076,707

 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
Land
$
245,553

 
$
143,575

 
$
24,696

 
$
76,635

 
$
490,459

 
Buildings
522,032

 
697,558

 
210,873

 
125,860

 
1,556,323

 
Land improvements
40,736

 
8,777

 
3,304

 
2,482

 
55,299

 
Tenant improvements
61,323

 
74,747

 
—

 
1,846

 
137,916

 
Furniture, fixtures, and equipment
702

 
1,764

 
8,421

 
5,769

 
16,656

 
Construction in progress
2,805

 
40,123

 
851

 
574

 
44,353

(1) 
 
873,151

 
966,544

 
248,145

 
213,166

 
2,301,006

 
Accumulated depreciation
(243,890
)
 
(153,130
)
 
(45,131
)
 
(27,309
)
 
(469,460
)
 
Net real estate
$
629,261

 
$
813,414

 
$
203,014

 
$
185,857

 
$
1,831,546

 


(1) Land related to held for development and construction in progress is included in the Held for Development and Construction in Progress classifications on the consolidated balance sheets.
Consolidated Statements of Cash Flows-Supplemental Disclosures
The following table provides supplemental disclosures related to the Consolidated Statements of Cash Flows (in thousands):
 
Year Ended December 31,
 
2017
 
2016
 
2015
Supplemental cash flow information
 
 
 
 
 
Total interest costs incurred
$
55,418

 
$
53,487

 
$
54,829

Interest capitalized
$
1,570

 
$
1,551

 
$
7,569

Interest expense
$
53,848

 
$
51,936

 
$
47,260

Cash paid for interest, net of amounts capitalized
$
47,473

 
$
47,793

 
$
42,691

Cash paid for income taxes
$
461

 
$
641

 
$
633

Supplemental schedule of noncash investing and financing activities
 
 
 
 
 
Accounts payable and accrued liabilities for construction in progress
$
(2,746
)
 
$
(435
)
 
$
(14,733
)
Accrued leasing commissions
$
726

 
$
(355
)
 
$
(901
)
Reduction to capital for prepaid equity financing costs
$
—

 
$
—

 
$
54