FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Apr. 30, 2015

FAIR VALUE MEASUREMENTS [Abstract]

Fair value of financial assets and liabilities

The Company measures its redeemable noncontrolling interests and interest rate swap derivatives at fair value on a recurring basis. The fair value of these financial assets and liabilities was determined using the following inputs (amount in thousands):

			Fair Value Measurements at Reporting Date Using
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
April 30, 2015
Liabilities:
Interest Rate Swap Agreement	$	1,108	$	-	$	1,108	$	-
Redeemable noncontrolling interests	$	16,724	$	13,836	$	-	$	2,888
October 31, 2014
Assets:
Interest Rate Swap Agreement	$	63	$	-	$	63	$	-
Liabilities:
Redeemable noncontrolling interests	$	18,864	$	9,802	$	-	$	9,062

Fair market value measurements based upon Level 3 inputs changed from $2,897 at November 1, 2013 to $9,062 at October 31, 2014 as a result of a $30 increase in the redemption value of the Company's noncontrolling interest in Ironbound in accordance with the application of ASC Topic 810 and an increase in the amount of $6,134 representing the non-controlling interest in the Company's McLean Plaza investment (See note 5).  Fair market value measurements based upon Level 3 inputs changed from $9,062 at November 1, 2014 to $2,888 at April 30, 2015 as a result of a $40 increase in the redemption value of the Company's noncontrolling interest in Ironbound in accordance with the application of ASC Topic 810 (See note 4) and the transfer in the amount of $6,134 of the noncontrolling interest in McLean to Level 1.  During the quarter ended January 31, 2015, McLean was converted to a limited liability company from a general partnership.  One of the results of this conversion is that the noncontrolling equity interests in McLean can only be redeemed for shares of the Company's Class A Common Stock or for cash based on the value of the Company's Class A Common stock and in accordance with ASC 810; the noncontrolling interest will now be valued as a Level 1 measurement.