Quarterly report pursuant to Section 13 or 15(d)

Mortgages, Loans Payable And Other Obligations (Summary Of Mortgages, Loans Payable And Other Obligations) (Details)

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Mortgages, Loans Payable And Other Obligations (Summary Of Mortgages, Loans Payable And Other Obligations) (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2015
USD ($)
property
item
Jun. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Debt Instrument [Line Items]      
Mortgages, loans payable and other obligations $ 766,526   $ 820,910
Repayment of mortgages, loans payable and other obligations $ 27,251 $ 42,469  
Overlook - Site IIID, IIIC, IIIA [Member]      
Debt Instrument [Line Items]      
Property Name [1] Overlook - Site IIID,IIIC, IIIA (b)    
Lender [1] Wells Fargo Bank N.A.    
LIBOR [1],[2] LIBOR+3.50    
Property Debt, Interest Rate, Spread Over LIBOR [2] 3.50%    
Mortgages, loans payable and other obligations [1]     17,260
Overlook - Site IIB [Member]      
Debt Instrument [Line Items]      
Property Name [1] Overlook - Site IIB (Quarrystone I) (b)    
Lender [1] Wells Fargo Bank N.A.    
LIBOR [1],[2] LIBOR+2.50    
Property Debt, Interest Rate, Spread Over LIBOR [2] 2.50%    
Mortgages, loans payable and other obligations [1]     5,787
6 Becker, 85 Livingston, 75 Livingston & 20 Waterview [Member]      
Debt Instrument [Line Items]      
Property Name [3] 6 Becker, 85 Livingston, 75 Livingston & 20 Waterview    
Lender [3] Wells Fargo CMBS    
Effective rate [2],[3] 10.26%    
Mortgages, loans payable and other obligations [3] $ 65,035   65,035
Loan maturity date [3],[4] Aug. 11, 2014    
Number of properties used to collateralized mortgage | property 4    
4 Sylvan [Member]      
Debt Instrument [Line Items]      
Property Name [5] 4 Sylvan (c)    
Lender [5] Wells Fargo CMBS    
Effective rate [2],[5] 10.26%    
Mortgages, loans payable and other obligations [5]     14,575
10 Independence [Member]      
Debt Instrument [Line Items]      
Property Name [6] 10 Independence (d)    
Lender [6] Wells Fargo CMBS    
Effective rate [2],[6] 10.26%    
Mortgages, loans payable and other obligations [6]     16,924
9200 Edmonston Road [Member]      
Debt Instrument [Line Items]      
Property Name 9200 Edmonston Road    
Lender Principal Commercial Funding L.L.C.    
Effective rate [2] 5.534%    
Mortgages, loans payable and other obligations $ 3,857   3,951
Loan maturity date [7] May 01, 2015    
Port Imperial South [Member]      
Debt Instrument [Line Items]      
Property Name Port Imperial South    
Lender Wells Fargo Bank N.A.    
LIBOR [2] LIBOR+1.75    
Property Debt, Interest Rate, Spread Over LIBOR [2] 1.75%    
Mortgages, loans payable and other obligations $ 44,550   44,119
Loan maturity date Sep. 19, 2015    
4 Becker [Member]      
Debt Instrument [Line Items]      
Property Name 4 Becker    
Lender Wells Fargo CMBS    
Effective rate [2] 9.55%    
Mortgages, loans payable and other obligations $ 39,739   39,421
Loan maturity date May 11, 2016    
5 Becker [Member]      
Debt Instrument [Line Items]      
Property Name [8] 5 Becker (h)    
Lender [8] Wells Fargo CMBS    
Effective rate [2],[8] 19.45%    
Mortgages, loans payable and other obligations [8] $ 14,288   13,867
Loan maturity date [8] May 11, 2016    
210 Clay [Member]      
Debt Instrument [Line Items]      
Property Name [9] 210 Clay (i)    
Lender [9] Wells Fargo CMBS    
Effective rate [2],[9] 18.10%    
Mortgages, loans payable and other obligations [9] $ 13,770   13,330
Loan maturity date [9] May 11, 2016    
Curtis Center [Member]      
Debt Instrument [Line Items]      
Property Name [10] Curtis Center (j)    
Lender [10] CCRE & PREFG    
LIBOR [2],[10],[11] LIBOR+5.912    
Property Debt, Interest Rate, Spread Over LIBOR [2],[11] 5.912%    
Mortgages, loans payable and other obligations [10] $ 64,000   64,000
Loan maturity date [10] Oct. 09, 2016    
Percentage of interest in venture 50.00%    
Number of extension options | item 3    
Loan extension period 1 year    
Deferred financing costs amortization interest rate 1.362%    
Curtis Center [Member] | Senior Loan [Member]      
Debt Instrument [Line Items]      
Effective rate 3.48%    
Property Debt, Interest Rate, Spread Over LIBOR 3.29%    
Mortgages, loans payable and other obligations $ 102,000    
Percentage of interest in venture 50.00%    
LIBOR measurement period 1 month    
Curtis Center [Member] | Mezzanine Loan [Member]      
Debt Instrument [Line Items]      
Effective rate 9.686%    
Property Debt, Interest Rate, Spread Over LIBOR 9.50%    
Mortgages, loans payable and other obligations $ 26,000    
Percentage of interest in venture 50.00%    
Maximum borrowing capacity $ 48,000    
LIBOR measurement period 1 month    
Various [Member]      
Debt Instrument [Line Items]      
Property Name [12] Various (k)    
Lender [12] Prudential Insurance    
Effective rate [2],[12] 6.332%    
Mortgages, loans payable and other obligations [12] $ 144,551   145,557
Loan maturity date [12] Jan. 15, 2017    
Number of properties used to collateralized mortgage | property 7    
Repayment of mortgages, loans payable and other obligations $ 61,100    
150 Main St [Member]      
Debt Instrument [Line Items]      
Property Name 150 Main St.    
Lender Webster Bank    
LIBOR [2] LIBOR+2.35    
Property Debt, Interest Rate, Spread Over LIBOR [2] 2.35%    
Mortgages, loans payable and other obligations $ 3,493   1,193 [13]
Loan maturity date Mar. 30, 2017    
150 Main St [Member] | Construction Loan [Member]      
Debt Instrument [Line Items]      
Maximum borrowing capacity $ 28,800    
23 Main Street [Member]      
Debt Instrument [Line Items]      
Property Name 23 Main Street    
Lender JPMorgan CMBS    
Effective rate [2] 5.587%    
Mortgages, loans payable and other obligations $ 28,878   29,210
Loan maturity date Sep. 01, 2018    
Harborside Plaza 5 [Member]      
Debt Instrument [Line Items]      
Property Name Harborside Plaza 5    
Lender The Northwestern Mutual Life Insurance Co. & New York Life Insurance Co.    
Effective rate [2] 6.842%    
Mortgages, loans payable and other obligations $ 219,682   221,563
Loan maturity date Nov. 01, 2018    
100 Walnut Avenue [Member]      
Debt Instrument [Line Items]      
Property Name 100 Walnut Avenue    
Lender Guardian Life Insurance Co.    
Effective rate [2] 7.311%    
Mortgages, loans payable and other obligations $ 18,410   18,542
Loan maturity date Feb. 01, 2019    
One River Center [Member]      
Debt Instrument [Line Items]      
Property Name [14] One River Center (l)    
Lender [14] Guardian Life Insurance Co.    
Effective rate [2],[14] 7.311%    
Mortgages, loans payable and other obligations [14] $ 42,173   42,476
Loan maturity date [14] Feb. 01, 2019    
Number of properties used to collateralized mortgage | property 3    
Park Square [Member]      
Debt Instrument [Line Items]      
Property Name Park Square    
Lender Wells Fargo Bank N.A.    
LIBOR [2],[15] LIBOR+1.872    
Property Debt, Interest Rate, Spread Over LIBOR [2],[15] 1.872%    
Mortgages, loans payable and other obligations $ 27,500   27,500
Loan maturity date Apr. 10, 2019    
Deferred financing costs amortization interest rate 0.122%    
Port Imperial South 4/5 Retail [Member]      
Debt Instrument [Line Items]      
Property Name Port Imperial South 4/5 Retail    
Lender American General Life & A/G PC    
Effective rate [2] 4.559%    
Mortgages, loans payable and other obligations $ 4,000   4,000
Loan maturity date Dec. 01, 2021    
Port Imperial South 4/5 Garage [Member]      
Debt Instrument [Line Items]      
Property Name Port Imperial South 4/5 Garage    
Lender American General Life & A/G PC    
Effective rate [2] 4.853%    
Mortgages, loans payable and other obligations $ 32,600   $ 32,600
Loan maturity date Dec. 01, 2029    
[1] On March 27, 2015, the Company repaid these loans at par, using borrowings on the Company's unsecured revolving credit facility.
[2] Reflects effective rate of debt, including deferred financing costs, comprised of the cost of terminated treasury lock agreements (if any), debt initiation costs, mark-to-market adjustment of acquired debt and other transaction costs, as applicable.
[3] Mortgage is cross collateralized by the four properties.
[4] The loan was not repaid at maturity and the Company has begun discussions with the lender regarding potential options in satisfaction of the obligation.
[5] On June 11, 2015, the Company transferred the deed for 4 Sylvan Way to the lender in satsfactions of its obligations. See Note 3: Recent Transactions.
[6] On May 27, 2015, the Company transferred the deed for 10 Independence Boulevard to the lender in satisfaction of its obligations. See Note 3: Recent Transactions.
[7] The mortgage loan originally matured on May 1, 2013. The maturity date was extended until May 1, 2015 with the same interest rate. Excess cash flow, as defined, is being held by the lender for re-leasing costs. The deed for the property was placed in escrow and is available to the lender in the event of default or non-payment at maturity. The mortgage loan was not repaid on May 1, 2015. The Company is in discussions with the lender regarding a further extension of the loan.
[8] The cash flow from this property is insufficient to cover operating costs and debt service. Consequently, the Company notified the lender and suspended debt service payments in August 2013. The Company has begun discussions with the lender regarding a deed-in-lieu of foreclosure and began remitting available cash flow to the lender effective August 2013.
[9] The cash flow from this property is insufficient to cover operating costs and debt service. Consequently, the Company notified the lender and suspended debt service payments in January 2015.
[10] The Company owns a 50 percent tenants-in-common interest in the Curtis Center property. The Company's $64.0 million loan consists of its 50 percent interest in a $102 million senior loan with a current rate of 3.480 percent at June 30, 2015 and its 50 percent interest in a $26 million mezzanine loan (with a maximum borrowing capacity of $48 million) with a current rate of 9.686 percent at June 30, 2015. The senior loan rate is based on a floating rate of one-month LIBOR plus 329 basis points and the mezzanine loan rate is based on a floating rate of one-month LIBOR plus 950 basis points. The Company has entered into LIBOR caps for the periods of the loans. The loans provide for three one-year extension options.
[11] The effective interest rate includes amortization of deferred financing costs of 1.362 percent.
[12] Mortgage is cross collateralized by seven properties. The Company has agreed, subject to certain conditions, to guarantee repayment of $61.1 million of the loan.
[13] This construction loan has a maximum borrowing capacity of $28.8 million.
[14] Mortgage is collateralized by the three properties comprising One River Center.
[15] The effective interest rate includes amortization of deferred financing costs of 0.122 percent.