OTHER ASSETS AND LIABILITIES (Tables)-K

12 Months Ended

Dec. 31, 2014

OTHER ASSETS AND LIABILITIES

Summary of the significant components of prepaid expenses and other assets

	December 31,
	2014		2013
	(In thousands)
Special Improvement District receivable	$	33,318	$	39,688
Equipment, net of accumulated depreciation of $2.4 million and $0.7 million, respectively		20,284		21,978
Tenant incentives and other receivables		14,264		6,757
Federal income tax receivable		8,629		6,053
Prepaid expenses		9,196		4,744
Below-market ground leases (Note 12)		19,663		20,002
Condominium deposits		151,592		12,405
Security and escrow deposits		9,829		28,082
Above-market tenant leases (Note 12)		4,656		1,095
Uncertain tax position asset		383		13,528
In-place leases (Note 12)		32,715		9,306
Intangibles		3,593		3,714
Other		2,014		6,588
	$	310,136	$	173,940

Summary of the significant components of accounts payable and accrued expenses

	December 31,
	2014		2013
	(In thousands)
Construction payables	$	170,935	$	106,741
Accounts payable and accrued expenses		34,154		44,798
Condominium deposits		82,150		12,405
Membership deposits		21,023		19,665
Above-market ground leases (Note 12)		2,272		2,431
Deferred income		65,675		26,328
Accrued interest		14,791		17,463
Accrued real estate taxes		9,903		8,581
Tenant and other deposits		12,756		9,490
Accrued payroll and other employee liabilities		25,838		15,666
Interest rate swaps		3,144		4,164
Special Assessment		2,326		2,603
Other		21,050		13,656
	$	466,017	$	283,991