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REAL ESTATE AND OTHER AFFILIATES (Narrative) (Details)
1 Months Ended 3 Months Ended
Jan. 24, 2014
USD ($)
a
item
Oct. 04, 2013
USD ($)
a
Jan. 31, 2016
USD ($)
Mar. 31, 2016
USD ($)
item
Dec. 31, 2015
USD ($)
Mar. 31, 2015
USD ($)
$ / a
Real Estate and Other Affiliates            
Book value of land contributed to joint venture       $ 325,412,000 $ 322,462,000  
Area of land contributed to the joint venture (in acres) | a 4.5          
Fair value of the land contributed to joint venture $ 3,200,000          
Percentage of ownership interest of partners in joint venture 50.00%          
The Summit            
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%
Return on capital contributions (as a percent)           5.00%
Entitlement of distribution by joint venture (in times) | item       2    
The Summit | Maximum            
Real Estate and Other Affiliates            
Maximum capital contribution required           $ 30,000,000
33 Peck Slip            
Real Estate and Other Affiliates            
Investment in joint venture       $ 6,000,000    
Amount of bridge loan       $ 25,000,000    
33 Peck Slip | Bridge Loan [Member]            
Real Estate and Other Affiliates            
Interest rate margin (as a percent)       5.00%    
m.flats (formerly Parcel C)            
Real Estate and Other Affiliates            
Transaction value of the land contributed to joint venture   $ 23,400,000        
Area of land contributed to the joint venture (in acres) | a   5        
Fair value of the land contributed to joint venture   $ 4,000,000        
Additional capitalized development costs incurred resulting from contribution of land   3,100,000        
Transaction value, per constructed unit of land contributed to joint venture   $ 53,500        
Non-recourse construction loan     $ 88,000,000      
Cash contributed by joint venture partner     16,100,000      
Distribution of the cash contributed by joint venture partner     $ 7,300,000      
Profit on partial sale of land       $ 200,000    
Net investment in joint venture       100,000    
m.flats (formerly Parcel C) | Construction Loan Payable            
Real Estate and Other Affiliates            
Option to extend, term     1 year      
Constellation            
Real Estate and Other Affiliates            
Non-recourse construction loan $ 15,800,000     $ 6,100,000    
Number of units in Class A apartment building to be constructed | item 124          
Area Of Land In Downtown Summerlin | a 400          
Future contribution required         $ 1,000,000  
Percentage of proceeds in excess of an amount determined by applying a specified capitalization rate to NOI 100.00%          
Percent Share of Proceeds Upon Sale Of Property 50          
Capitalization rate (as a percent) 7.00%          
One Month LIBOR | m.flats (formerly Parcel C) | Construction Loan Payable            
Real Estate and Other Affiliates            
Interest rate margin (as a percent)     2.40%