Other Assets and Liabilities

12 Months Ended

Dec. 31, 2011

Other Assets and Liabilities [Abstract]

OTHER ASSETS AND LIABILITIES

NOTE 13 OTHER ASSETS AND LIABILITIES

The following table summarizes the significant components of prepaid expenses and other assets.

	December 31,
	2011		2010
	(In thousands)
Special Improvement District receivable	$	40,580	$	46,250
Other receivables		4,181		5,352
Federal income tax receivable		5,393		—
Prepaid expenses		6,507		2,859
Below-market ground leases (Note 5)		20,680		21,018
Security and escrow deposits		17,266		6,814
Above-market tenant leases (Note 5)		1,014		119
Uncertain tax position asset		11,935		8,945
In-place leases (Note 5)		11,865		1,603
Intangibles		3,074		1,307
Other		4,661		5,814
	$	127,156	$	100,081

The following table summarizes the significant components of accounts payable and accrued expenses.

	December 31,
	2011		2010
	(In thousands)
Construction payable	$	8,923	$	15,531
Accounts payable and accrued expenses		45,078		29,745
Membership deposits		16,033		—
Above-market ground leases (Note 5)		2,748		2,907
Deferred gains/income		5,739		5,631
Accrued interest		2,747		1,633
Accrued real estate taxes		3,439		3,953
Tenant and other deposits		5,966		3,555
Insurance reserve		4,728		4,229
Accrued payroll and other employee liabilities		9,658		3,930
Interest rate swap		4,367		—
Other		15,978		7,722
	$	125,404	$	78,836