Commitments and Contingencies
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12 Months Ended |
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Dec. 31, 2012
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Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies |
COMMITMENTS AND CONTINGENCIES
Development Commitments
At December 31, 2012, we had no committed contracts outstanding with third parties in connection with our development projects at 1225 First Street and 650 North Glebe Road.
Litigation
We are involved from time to time in various legal proceedings, lawsuits, examinations by various tax authorities and claims that have arisen in the ordinary course of business. Management believes that the resolution of any such current matters will not have a material adverse effect on our financial condition or results of operations.
Other
At December 31, 2012, we were contingently liable under unused letters of credit in the amounts of $0.8 million, related to our assumption of mortgage debt on West Gude to ensure the funding of certain tenant improvements and leasing commissions over the term of the debt.
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- Details
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- Definition
The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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