Investments in Partially Owned Entities (Tables)

9 Months Ended

Sep. 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:			September 30, 2013		September 30, 2013		December 31, 2012
Toys				32.6%	$	378,615	$	478,041

Alexander’s				32.4%	$	167,618	$	171,013

Lexington⁽¹⁾				n/a		-		75,542

LNR⁽²⁾				n/a		-		224,724

India real estate ventures				4.0%-36.5%		90,200		95,516

Partially owned office buildings:
	280 Park Avenue			49.5%		229,152		197,516
	650 Madison Avenue (see page 15 for details)			20.1%		121,775		-
	Rosslyn Plaza			43.7%-50.4%		59,416		62,627
	West 57th Street properties			50.0%		56,743		57,033
	One Park Avenue			30.3%		56,064		50,509
	666 Fifth Avenue Office Condominium			49.5%		40,047		35,527
	330 Madison Avenue			25.0%		33,991		30,277
	Warner Building			55.0%		13,387		8,775
	Fairfax Square			20.0%		5,191		5,368
	Other partially owned office buildings			Various		9,338		9,315

Other investments:
	Independence Plaza (includes $26,266 attributable
		to non-controlling interests)⁽³⁾		50.1%		164,488		-
	Monmouth Mall			50.0%		6,876		7,205
	Downtown Crossing, Boston⁽⁴⁾			n/a		-		48,122
	Other investments⁽⁵⁾			Various		115,442		147,187
					$	1,169,728	$	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 Nine Months
(Amounts in thousands)			Ownership	Ended September 30,				Ended September 30,
Our Share of Net Income (Loss):			September 30, 2013	2013		2012		2013		2012
Toys:
	Equity in net (loss) income before income taxes		32.6%	$	(58,746)	$	(22,074)	$	14,737	$	99,649
	Income tax benefit (expense)				22,690		11,118		(10,959)		(17,982)
	Equity in net (loss) income				(36,056)		(10,956)		3,778		81,667
	Non-cash impairment loss (see page 13 for details)				-		-		(78,542)		-
	Management fees				1,847		2,371		5,453		7,029
				$	(34,209)	$	(8,585)	$	(69,311)	$	88,696

Alexander’s:
	Equity in net income		32.4%	$	4,299	$	7,137	$	12,785	$	19,210
	Management, leasing and development fees				1,676		1,821		5,017		5,617
					5,975		8,958		17,802		24,827

Lexington⁽¹⁾			n/a		-		(323)		(979)		371

LNR⁽²⁾			n/a		-		16,600		18,731		39,319

India real estate ventures			4.0%-36.5%		(1,449)		82		(2,630)		(4,526)

Partially owned office buildings:
	Warner Building		55.0%		(2,004)		(2,839)		(6,346)		(7,438)
	280 Park Avenue		49.5%		(1,890)		(1,717)		(6,480)		(9,267)
	666 Fifth Avenue Office Condominium		49.5%		1,858		1,744		5,776		5,244
	330 Madison Avenue		25.0%		1,225		1,224		3,714		2,036
	Rosslyn Plaza		43.7%-50.4%		(707)		(204)		(2,158)		99
	One Park Avenue		30.3%		680		256		1,054		890
	1101 17th Street		55.0%		376		591		996		1,920
	West 57th Street properties		50.0%		47		167		415		732
	Fairfax Square		20.0%		(24)		(33)		(87)		(85)
	Other partially owned office buildings		Various		477		505		1,530		1,587
					38		(306)		(1,586)		(4,282)

Other investments:
	Independence Plaza (see page 15 for details)		50.1%		(2,081)		1,828		(3,199)		5,243
	Monmouth Mall		50.0%		165		347		1,450		1,007
	Downtown Crossing, Boston⁽³⁾		n/a		-		(38)		(2,358)		(872)
	Other investments⁽⁴⁾		Various		(1,195)		(5,880)		(3,540)		(7,596)
					(3,111)		(3,743)		(7,647)		(2,218)

				$	1,453	$	21,268	$	23,691	$	53,491


(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)			September 30,		September 30,	September 30,		December 31,
			2013	Maturity	2013	2013		2012
Toys:
	Notes, loans and mortgages payable		32.6%	2014-2021	7.69%	$	5,253,323	$	5,683,733

Alexander's:
	Mortgages payable		32.4%	2014-2018	3.84%	$	1,054,046	$	1,065,916

Lexington⁽¹⁾:
	Mortgages payable		n/a	n/a	n/a	$	-	$	1,994,179

LNR⁽²⁾:
	Mortgages payable		n/a	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%	$	1,155,038	$	1,109,700
	650 Madison Avenue mortgage payable		20.1%	10/20	4.39%		800,000		-
	280 Park Avenue mortgage payable		49.5%	06/16	6.64%		738,582		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	1.68%		150,000		150,000
	Fairfax Square mortgage payable		20.0%	12/14	7.00%		69,452		70,127
	1101 17th Street mortgage payable		55.0%	01/15	1.43%		31,000		31,000
	Rosslyn Plaza mortgage payable		43.7%-50.4%	03/16	2.68%		23,785		-
	West 57th Street properties mortgages payable		50.0%	07/23	3.50%		20,000		20,434
	Other		Various	Various	6.36%		69,280		69,704
						$	3,599,837	$	2,731,893

India Real Estate Ventures:
	TCG Urban Infrastructure Holdings mortgages
		payable	25.0%	2013-2022	13.63%	$	213,963	$	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%		158,296		159,896
	Other⁽³⁾		Various	Various	5.01%		972,135		990,647
						$	1,680,431	$	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:						August 3, 2013		October 27, 2012
	Assets					$	11,274,000	$	12,953,000
	Liabilities						9,562,000		11,190,000
	Noncontrolling interests						72,000		44,000
	Toys “R” Us, Inc. equity						1,640,000		1,719,000

		For the Three Months Ended				For the Nine Months Ended
Income Statement:		August 3, 2013		July 28, 2012		August 3, 2013		July 28, 2012
	Total revenues	$	2,377,000	$	2,552,000	$	10,555,000	$	11,089,000
	Net (loss) income attributable to Toys		(111,000)		(34,000)		11,000		249,000

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:						September 30, 2013		December 31, 2012
	Assets					$	1,471,000	$	1,482,000
	Liabilities						1,141,000		1,150,000
	Stockholders' equity						330,000		332,000

		For the Three Months Ended				For the Nine Months Ended
Income Statement:		September 30, 2013		September 30, 2012		September 30, 2013		September 30, 2012
	Total revenues	$	50,000	$	49,000	$	146,000	$	143,000
	Net income attributable to Alexander’s		14,000		19,000		41,000		57,000

- Definition

Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

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