OTHER ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2013

OTHER ASSETS AND LIABILITIES

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

	December 31,
	2013		2012
	(In thousands)
Special Improvement District receivable	$	39,688	$	39,659
Equipment, net of accumulated depreciation of $0.7 million		21,978		—
Tenant incentives and other receivables		6,757		2,346
Federal income tax receivable		6,053		5,367
Prepaid expenses		4,744		4,757
Below-market ground leases (Note 12)		20,002		20,341
Condominium deposits		12,405		19,616
Security and escrow deposits		28,082		12,865
Above-market tenant leases (Note 12)		1,095		1,896
Uncertain tax position asset		13,528		12,801
In-place leases (Note 12)		9,306		11,516
Intangibles		3,714		3,714
Other		6,588		8,592
	$	173,940	$	143,470

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

	December 31,
	2013		2012
	(In thousands)
Construction payables	$	106,741	$	17,501
Accounts payable and accrued expenses		46,998		39,634
Condominium deposits		12,405		19,616
Membership deposits		24,830		20,248
Above-market ground leases (Note 12)		2,431		2,590
Deferred income		18,963		7,767
Accrued interest		17,463		2,425
Accrued real estate taxes		8,581		6,622
Tenant and other deposits		9,490		8,096
Insurance reserve		1,417		9,037
Accrued payroll and other employee liabilities		15,666		11,514
Interest rate swaps		4,164		7,183
Special Assessement		2,603		2,868
Other		12,239		15,420
	$	283,991	$	170,521