OTHER ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2013

OTHER ASSETS AND LIABILITIES

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

	September 30,		December 31,
	2013		2012
	(In thousands)
Special Improvement District receivable	$	39,667	$	39,659
Equipment	22,301		—
Tenant and other receivables	4,959		2,346
Federal income tax receivable	5,913		5,367
Prepaid expenses	7,266		4,757
Below-market ground leases	20,087		20,341
Condominium deposits	—		19,616
Security and escrow deposits	15,007		12,865
Above-market tenant leases	1,147		1,896
Uncertain tax position asset	14,756		12,801
In-place leases	9,946		11,516
Intangibles	3,714		3,714
Other	6,671		8,592
	$	151,434	$	143,470

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

	September 30,		December 31,
	2013		2012
	(In thousands)
Construction payables	$	63,694	$	17,501
Accounts payable and accrued expenses	53,402		39,634
Condominium deposits	—		19,616
Membership deposits	23,136		20,248
Above-market ground leases	2,470		2,590
Deferred income	20,956		7,767
Accrued interest	6,123		2,425
Accrued real estate taxes	8,262		6,622
Tenant and other deposits	11,891		8,096
Insurance reserve	2,087		9,037
Accrued payroll and other employee liabilities	13,035		11,514
Special assessment	2,868		2,868
Interest rate swaps	4,696		7,183
Other	11,360		15,420
	$	223,980	$	170,521