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RECENT TRANSACTIONS (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 20, 2016
USD ($)
Jun. 01, 2016
a
Mar. 16, 2016
ft²
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Recent transactions              
Equity in earnings from Real Estate and Other Affiliates       $ 20,275 $ 1,081 $ 22,207 $ 2,869
Proceeds from disposition of 80 South Street Assemblage, net           378,257  
Pre-tax gain recognized on the sale           140,479  
Area of land sold | ft²     42,694        
Air rights with total residential and commercial development rights (in square feet) | ft²     817,784        
Circle T Ranch              
Recent transactions              
Equity in earnings from Real Estate and Other Affiliates       $ 10,500   $ 10,500  
Area of land sold | a   74          
Millennium Woodlands Phase II, LLC              
Recent transactions              
Ownership interest in joint venture (as a percent) 18.57%            
Purchase price of acquisition $ 4,000            
Cash acquired 500            
Replaced with existing debt 37,700            
Amount of debt $ 42,500            
Fixed-rate loans interest rate 3.39%