OTHER ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2012

OTHER ASSETS AND LIABILITIES

Summary of the significant components of Prepaid expenses and other assets:

	December 31,
	2012		2011
	(In thousands)
Special Improvement District receivable	$	39,659	$	40,580
Other receivables		2,346		4,181
Federal income tax receivable		5,367		5,393
Prepaid expenses		4,757		6,507
Below-market ground leases (Note 12)		20,341		20,680
Condominium deposits		19,616		—
Security and escrow deposits		12,865		17,266
Above-market tenant leases (Note 12)		1,896		1,014
Uncertain tax position asset		12,801		11,935
In-place leases (Note 12)		11,516		11,865
Intangibles		3,714		3,074
Other		8,592		8,466
	$	143,470	$	130,961

Summary of the significant components of Accounts payable and accrued expenses:

	December 31,
	2012		2011
	(In thousands)
Construction payable	$	17,501	$	10,241
Accounts payable and accrued expenses		39,634		43,764
Condominium deposits		19,616		—
Membership deposits		20,248		16,033
Above-market ground leases (Note 12)		2,590		2,748
Deferred gains/income		7,767		5,739
Accrued interest		2,425		2,747
Accrued real estate taxes		6,622		3,439
Tenant and other deposits		8,096		5,966
Insurance reserve		9,037		6,939
Accrued payroll and other employee liabilities		11,514		9,658
Interest rate swap		7,183		4,367
Special Assessement		2,868		2,234
Other		15,420		15,973
	$	170,521	$	129,848