v3.25.1
Investment in Real Estate (Tables)
 3 Months Ended
Mar. 31, 2025
Real Estate [Abstract]  
Schedule of Investment in Real Estate
The following table summarizes the Company’s investment in real estate, at cost as of:
March 31, 2025December 31, 2024
Land$1,225,230 $1,235,974 
Building and improvements6,078,260 6,101,787 
Tenant improvements727,967 728,186 
Furniture and fixtures5,807 5,895 
Property under development152,029 161,444 
INVESTMENT IN REAL ESTATE, AT COST$8,189,293 $8,233,286 
Schedule of Dispositions of Real Estate
The following table summarizes information on dispositions completed during the three months ended March 31, 2025. These properties were considered non-strategic to the Company’s portfolio:
PropertySegmentDate of Disposition Square Feet (unaudited)
Sales Price(1) (in millions)
(Loss) Gain on Sale(2) (in millions)
MaxwellOffice1/22/2025102,963 $46.0 $(2.2)
Foothill Research CenterOffice3/4/2025195,121 $23.0 $12.2 
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1.Represents gross sales price before certain credits, prorations and closing costs.
2.Included within gain on sale of real estate, net on the Consolidated Statement of Operations.
Schedule of Held For Sale The following table summarizes the components of assets and liabilities associated with real estate held for sale as of March 31, 2025:
Investment in real estate, net$25,608 
Straight-line rent receivables, net165 
Deferred leasing costs and intangible assets, net125 
Prepaid expenses and other assets, net7 
ASSETS ASSOCIATED WITH REAL ESTATE HELD FOR SALE$25,905 
LIABILITIES
Accounts payable, accrued liabilities and other$355 
Security deposits and prepaid rent155 
LIABILITIES ASSOCIATED WITH REAL ESTATE HELD FOR SALE$510