Investments in Partially Owned Entities (Tables)

6 Months Ended

Jun. 30, 2013

Schedule Of Equity Method Investments [Line Items]

Schedule of Purchase Price Allocation [Table Text Block]

(Amounts in thousands)
Land	$	602,662
Building and improvements		252,844
Acquired above-market leases (included in identified intangible assets)		13,115
Acquired in-place leases (included in identified intangible assets)		67,879
Other assets		7,374
Acquired below-market leases (included in deferred revenue)		(99,074)
Purchase price	$	844,800

Equity Method Investments

			Percentage
(Amounts in thousands)			Ownership at		Balance as of
Investments:			June 30, 2013		June 30, 2013		December 31, 2012
Toys				32.6%	$	417,764	$	478,041
Alexander’s				32.4%	$	170,181	$	171,013
Lexington(1)				n/a		-		75,542
LNR(2)				n/a		-		224,724
India real estate ventures				4.0%-36.5%		90,717		95,516
Partially owned office buildings:
	280 Park Avenue			49.5%		207,956		197,516
	Rosslyn Plaza			43.7%-50.4%		60,345		62,627
	West 57th Street properties			50.0%		56,696		57,033
	One Park Avenue			30.3%		54,367		50,509
	666 Fifth Avenue Office Condominium			49.5%		38,664		35,527
	330 Madison Avenue			25.0%		32,766		30,277
	Warner Building			55.0%		11,754		8,775
	Fairfax Square			20.0%		5,242		5,368
	Other partially owned office buildings			Various		9,508		9,315
Other investments:
	Independence Plaza (includes $26,679 attributable
		to non-controlling interests)(3)		50.1%		166,569		-
	Monmouth Mall			50.0%		7,248		7,205
	Downtown Crossing, Boston(4)			n/a		-		48,122
	Other investments(5)			Various		119,631		147,187
					$	1,031,644	$	1,226,256
(1)		In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale(see page 12 for details).
(2)		On April 22, 2013, LNR was sold (see page 14 for details).
(3)		On June 7, 2013, we sold an 8.65% economic interest in the property (see page 15 for details).
(4)		On April 24, 2013, the joint venture sold the site in Downtown Crossing, Boston (see note 3 on page 17 for details).
(5)		Includes interests in 85 10th Avenue, Fashion Centre Mall, 50-70 West 93rd Street and others.

			Percentage	For the Three Months				For the Six Months
(Amounts in thousands)			Ownership	Ended June 30,				Ended June 30,
Our Share of Net Income (Loss):			June 30, 2013	2013		2012		2013		2012
Toys:			32.6%
	Equity in net (loss) income before income taxes			$	(64,372)	$	(35,664)	$	73,516	$	121,723
	Income tax benefit (expense)				25,664		14,103		(33,682)		(29,100)
	Equity in net (loss) income				(38,708)		(21,561)		39,834		92,623
	Non-cash impairment loss (see page 13 for details)				-		-		(78,542)		-
	Management fees				1,847		2,371		3,606		4,658
				$	(36,861)	$	(19,190)	$	(35,102)	$	97,281
Alexander’s:			32.4%
	Equity in net income			$	4,077	$	5,941	$	8,486	$	12,073
	Management, leasing and development fees				1,674		1,907		3,341		3,796
					5,751		7,848		11,827		15,869
Lexington(1)			n/a		-		(236)		(979)		694
LNR(2)			n/a		-		9,469		18,731		22,719
India real estate ventures			4.0%-36.5%		(414)		(3,815)		(1,181)		(4,608)
Partially owned office buildings:
	280 Park Avenue		49.5%		(2,021)		(1,955)		(4,590)		(7,550)
	Warner Building		55.0%		(1,996)		(1,589)		(4,342)		(4,599)
	666 Fifth Avenue Office Condominium		49.5%		1,899		1,785		3,918		3,500
	330 Madison Avenue		25.0%		1,185		18		2,489		812
	Rosslyn Plaza		43.7%-50.4%		(1,005)		145		(1,451)		303
	1101 17th Street		55.0%		236		646		620		1,329
	West 57th Street properties		50.0%		196		252		368		565
	One Park Avenue		30.3%		(83)		303		374		634
	Fairfax Square		20.0%		(18)		(40)		(63)		(52)
	Other partially owned office buildings		Various		565		555		1,053		1,082
					(1,042)		120		(1,624)		(3,976)
Other investments:
	Independence Plaza (see page 15 for details)		50.1%		(1,118)		1,733		(1,118)		3,415
	Monmouth Mall		50.0%		426		298		1,285		660
	Downtown Crossing, Boston(3)		n/a		16		(500)		(2,358)		(834)
	Other investments(4)		Various		(2,147)		(2,354)		(2,345)		(1,716)
					(2,823)		(823)		(4,536)		1,525
				$	1,472	$	12,563	$	22,238	$	32,223
(1)		In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale (see page 12 for details).
(2)		On April 22, 2013, LNR was sold (see page 14 for details).
(3)		On April 24, 2013, the joint venture sold the site in Downtown Crossing, Boston, and we received approximately $45,000 for our 50% interest. In connection therewith, we recognized a $2,335 impairment loss in the first quarter.
(4)		Includes interests in 85 10th Avenue, Fashion Centre Mall, 50-70 West 93rd Street and others.

Schedule of debt of partially owned entities

			Percentage		Interest	100% of
			Ownership at		Rate at	Partially Owned Entities’ Debt at
(Amounts in thousands)			June 30,		June 30,	June 30,		December 31,
			2013	Maturity	2013	2013		2012
Toys:			32.6%
	Notes, loans and mortgages payable			2014-2021	7.83%	$	5,158,005	$	5,683,733
Alexander's:			32.4%
	Mortgages payable			2014-2018	3.85%	$	1,058,028	$	1,065,916
Lexington(1):			n/a
	Mortgages payable			n/a	n/a	$	-	$	1,994,179
LNR(2):			n/a
	Mortgages payable			n/a	n/a	$	-	$	309,787
	Liabilities of consolidated CMBS and CDO trusts			n/a	n/a		-		97,211,734
						$	-	$	97,521,521
Partially owned office buildings:
	666 Fifth Avenue Office Condominium mortgage
		payable	49.5%	02/19	6.76%	$	1,139,585	$	1,109,700
	280 Park Avenue mortgage payable		49.5%	06/16	6.64%		738,462		738,228
	Warner Building mortgage payable		55.0%	05/16	6.26%		292,700		292,700
	One Park Avenue mortgage payable		30.3%	03/16	5.00%		250,000		250,000
	330 Madison Avenue mortgage payable		25.0%	06/15	1.69%		150,000		150,000
	Fairfax Square mortgage payable		20.0%	12/14	7.00%		69,681		70,127
	1101 17th Street mortgage payable		55.0%	01/15	1.44%		31,000		31,000
	Rosslyn Plaza		43.7%-50.4%	03/18	2.69%		20,984		-
	West 57th Street properties mortgages payable		50.0%	02/14	4.94%		19,899		20,434
	Other		Various	Various	6.37%		69,424		69,704
						$	2,781,735	$	2,731,893
India Real Estate Ventures:
	TCG Urban Infrastructure Holdings mortgages
		payable	25.0%	2013-2022	13.62%	$	222,016	$	236,579
Other:
	Independence Plaza (see page 15 for details)		50.1%	06/18	3.48%		550,000		-
	Monmouth Mall mortgage payable		50.0%	09/15	5.44%		158,882		159,896
	Other(3)		Various	Various	5.00%		970,518		990,647
						$	1,679,400	$	1,150,543
(1)		In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale (see page 12 for details).
(2)		On April 22, 2013, LNR was sold (see page 14 for details).
(3)		Includes interests in Fashion Centre Mall, 50-70 West 93rd Street and others.

Toys R Us [Member]

Schedule Of Equity Method Investments [Line Items]

Equity Method Investment Summarized Financial Information Table [Text Block]

(Amounts in thousands)						Balance as of
Balance Sheet:						May 4, 2013		October 27, 2012
	Assets					$	11,303,000	$	12,953,000
	Liabilities						9,475,000		11,190,000
	Noncontrolling interests						67,000		44,000
	Toys “R” Us, Inc. equity						1,761,000		1,719,000
		For the Three Months Ended				For the Six Months Ended
Income Statement:		May 4, 2013		April 28, 2012		May 4, 2013		April 28, 2012
	Total revenues	$	2,408,000	$	2,612,000	$	8,178,000	$	8,537,000
	Net (loss) income attributable to Toys		(119,000)		(66,000)		122,000		283,000

Alexanders Inc [Member]

Schedule Of Equity Method Investments [Line Items]

Equity Method Investment Summarized Financial Information Table [Text Block]

(Amounts in thousands)						Balance as of
Balance Sheet:						June 30, 2013		December 31, 2012
	Assets					$	1,469,000	$	1,482,000
	Liabilities						1,136,000		1,150,000
	Stockholders' equity						333,000		332,000
		For the Three Months Ended				For the Six Months Ended
Income Statement:		June 30, 2013		June 30, 2012		June 30, 2013		June 30, 2012
	Total revenues	$	47,000	$	47,000	$	96,000	$	94,000
	Net income attributable to Alexander’s		13,000		19,000		27,000		38,000