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REAL ESTATE AND OTHER AFFILIATES (Details)
1 Months Ended 3 Months Ended 9 Months Ended
Jan. 24, 2014
USD ($)
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Oct. 04, 2013
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ft²
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Jul. 11, 2013
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Aug. 06, 2012
Jul. 05, 2012
USD ($)
a
May. 14, 2012
item
Oct. 27, 2011
item
May. 31, 2013
USD ($)
Sep. 30, 2015
USD ($)
item
Mar. 31, 2015
USD ($)
$ / a
Sep. 30, 2014
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Sep. 30, 2015
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Sep. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Investment in Real Estate and Other Affiliates                            
Carrying Value                 $ 56,191,000     $ 56,191,000   $ 53,686,000
Share of Earnings/Dividends                 295,000   $ 5,509,000 3,164,000 $ 18,164,000  
Share of distributable cash                       25,139,000 11,953,000  
Aggregate carrying value of unconsolidated VIEs                 20,300,000     $ 20,300,000   29,500,000
Number of variable interest entities in which entity is primary beneficiary | item                       1    
Carrying values of the assets associated with the operations of the consolidated VIEs                 21,400,000     $ 21,400,000   21,100,000
Carrying values of the liabilities associated with the operations of the consolidated VIEs                 1,000,000     1,000,000   600,000
repayments of debt                       40,066,000 45,443,000  
Book value of land contributed to joint venture                 305,634,000     305,634,000   317,211,000
Equity Method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Carrying Value                 52,251,000     52,251,000   49,769,000
Share of Earnings/Dividends                 295,000   5,641,000 1,417,000 16,515,000  
Cost-method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Carrying Value                 3,940,000     3,940,000   $ 3,917,000
Share of Earnings/Dividends                     (132,000) 1,747,000 1,649,000  
Parcel C                            
Investment in Real Estate and Other Affiliates                            
Area of land contributed to the joint venture (in acres) | a   5                        
Number of units in Class A apartment building to be constructed | item   437                        
Area of real estate property to be constructed (in square feet) | ft²   31,000                        
Fair value of the land contributed to joint venture   $ 4,000,000                        
Transaction value of the land contributed to joint venture   23,400,000                        
Transaction value, per constructed unit of land contributed to joint venture   $ 53,500,000,000                        
Discovery Land | Equity Method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Book value of land contributed to joint venture                   $ 13,400,000        
SID Bonds transferred to a joint venture                   1,300,000        
Transaction value of the land contributed to joint venture                   $ 125,400,000        
Value of land contributed to joint venture (in dollars per acre) | $ / a                   226,000        
Preferred return, on capital (as a percent)                   5.00%        
Capital obligations                 $ 0     $ 0    
Entitlement of distribution by joint venture (in times) | item                       2    
Discovery Land | Equity Method Investments [Member] | Maximum                            
Investment in Real Estate and Other Affiliates                            
Cash contributed by joint venture partner                   $ 30,000,000        
Millennium Woodlands Phase II LLC                            
Investment in Real Estate and Other Affiliates                            
Area of land contributed to the joint venture (in acres) | a         4.8                  
Number of units in Class A apartment building to be constructed | item           314                
Fair value of the land contributed to joint venture         $ 15,500,000                  
Cash contributed by joint venture partner         3,000,000                  
Construction loan secured         $ 37,700,000                  
KR Holdings LLC | Equity Method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Number of units in luxury condominium tower | item                 206     206    
Number of units closed | item                       201    
Parcel D                            
Investment in Real Estate and Other Affiliates                            
Fair value of the land contributed to joint venture     $ 20,300,000                      
Transaction value, per constructed unit of land contributed to joint venture     53,500                      
Cash contributed by joint venture partner     13,300,000                      
Percentage of ownership interest of partners in joint venture             50.00%              
Additional improvements made in the venture     16,400,000                      
Future contribution required in accordance with the loan agreement     3,100,000                      
Distribution of the cash contributed by joint venture partner     7,000,000                      
Parcel D | Equity Method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Number of units in Class A apartment building to be constructed | item             380              
Parcel D | Construction Loan Payable                            
Investment in Real Estate and Other Affiliates                            
Aggregate principal amount of debt issued     $ 64,100,000                      
Outstanding debt                 $ 57,900,000     $ 57,900,000    
Interest rate margin (as a percent)     2.40%                      
Summerlin Apartments LLC                            
Investment in Real Estate and Other Affiliates                            
Economic interest (as a percent) 50.00%                          
Area of land contributed to the joint venture (in acres) | a 4.5                          
Number of units in Class A apartment building to be constructed | item 124                          
Area Of Land In Downtown Summerlin | a 400                          
Fair value of the land contributed to joint venture $ 3,200,000                          
Percentage of ownership interest of partners in joint venture 50.00%                          
Percent Share of Proceeds Upon Sale Of Property 50                          
Percentage of proceeds in excess of an amount determined by applying a specified capitalization rate to NOI 100.00%                          
Capitalization rate (as a percent) 7.00%                          
Summerlin Las Vegas Baseball Club LLC                            
Investment in Real Estate and Other Affiliates                            
Economic interest (as a percent)       50.00%                    
Amount funded in cash to joint venture               $ 10,500,000            
Summerlin Las Vegas Baseball Club LLC | Las Vegas 51S LLC [Member]                            
Investment in Real Estate and Other Affiliates                            
Ownership ratio in a joint venture (as a percent)       100.00%                    
Unconsolidated Properties                            
Investment in Real Estate and Other Affiliates                            
Secured debt                 101,800,000     101,800,000    
Share of the entity in secured debt                 60,900,000     $ 60,900,000    
One Month LIBOR                            
Investment in Real Estate and Other Affiliates                            
Variable rate basis                       one month LIBOR    
One Month LIBOR | Parcel D | Construction Loan Payable                            
Investment in Real Estate and Other Affiliates                            
Variable rate basis     one-month LIBOR                      
Master Planned Communities | Discovery Land                            
Investment in Real Estate and Other Affiliates                            
Carrying Value                 $ 12,052,000     $ 12,052,000    
Operating Assets | Millennium Woodlands Phase II LLC | Equity Method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Economic interest (as a percent)                 81.43%     81.43%   81.43%
Carrying Value                           $ 1,023,000
Share of Earnings/Dividends                 $ (177,000)   (98,000) $ (1,327,000) (98,000)  
Operating Assets | Parcel D | Equity Method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Economic interest (as a percent)                 50.00%     50.00%   50.00%
Carrying Value                 $ 4,617,000     $ 4,617,000   $ 4,800,000
Share of Earnings/Dividends                 $ 140,000     $ (268,000)    
Operating Assets | Stewart Title | Equity Method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Economic interest (as a percent)                 50.00%     50.00%   50.00%
Carrying Value                 $ 3,627,000     $ 3,627,000   $ 3,869,000
Share of Earnings/Dividends                 $ 163,000   383,000 $ 659,000 901,000  
Operating Assets | Summerlin Las Vegas Baseball Club LLC | Equity Method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Economic interest (as a percent)                 50.00%     50.00%   50.00%
Carrying Value                 $ 10,939,000     $ 10,939,000   $ 10,548,000
Share of Earnings/Dividends                 $ 105,000   22,000 $ 389,000 199,000  
Operating Assets | Woodlands Sarofim 1 | Equity Method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Economic interest (as a percent)                 20.00%     20.00%   20.00%
Carrying Value                 $ 2,617,000     $ 2,617,000   $ 2,595,000
Share of Earnings/Dividends                 $ 58,000   27,000 $ 133,000 123,000  
Strategic Developments | Circle T | Equity Method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Economic interest (as a percent)                 50.00%     50.00%   50.00%
Carrying Value                 $ 9,004,000     $ 9,004,000   $ 9,004,000
Strategic Developments | HHMK Development LLC | Equity Method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Economic interest (as a percent)                 50.00%     50.00%   50.00%
Carrying Value                 $ 10,000     $ 10,000   $ 10,000
Share of Earnings/Dividends                     386,000 $ 549,000 869,000  
Strategic Developments | Millennium Woodlands Phase II LLC | Equity Method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Economic interest (as a percent)                 81.43%     81.43%   81.43%
Share of Earnings/Dividends                     (145,000)   (280,000)  
Strategic Developments | KR Holdings LLC | Equity Method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Economic interest (as a percent)                 50.00%     50.00%   50.00%
Carrying Value                 $ 694,000     $ 694,000   $ 9,183,000
Share of Earnings/Dividends                 $ 6,000   $ 5,066,000 $ 1,282,000 $ 14,801,000  
Strategic Developments | Summerlin Apartments LLC | Equity Method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Economic interest (as a percent)                 50.00%     50.00%   50.00%
Carrying Value                 $ 1,661,000     $ 1,661,000    
Strategic Developments | Parcel C | Equity Method Investments [Member]                            
Investment in Real Estate and Other Affiliates                            
Economic interest (as a percent)                 50.00%     50.00%   50.00%
Carrying Value                 $ 7,030,000     $ 7,030,000   $ 8,737,000