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MORTGAGES, NOTES AND LOANS PAYABLE (Schedule of Debt by Property) (Details)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Feb. 25, 2016
USD ($)
Jan. 27, 2016
USD ($)
Nov. 09, 2015
USD ($)
item
Oct. 02, 2013
USD ($)
Jul. 31, 2015
USD ($)
Jun. 30, 2016
USD ($)
item
Jun. 30, 2016
USD ($)
item
Jun. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
Mortgages, notes and loans payable                  
Unamortized underwriting fees           $ (6,282,000) $ (6,282,000)   $ (6,767,000)
Deferred Financing Costs, net           (10,434,000) (10,434,000)   (12,392,000)
Total mortgages, notes and loans payable           2,651,805,000 2,651,805,000   2,443,962,000
Deferred Financing Costs, accumulated amortization           $ 14,700,000 $ 14,700,000   $ 12,700,000
Weighted average interest rate (as a percent)           4.56% 4.56%   4.44%
Net cash proceeds received from issuance             $ 207,561,000 $ 310,822,000  
One Month LIBOR                  
Mortgages, notes and loans payable                  
Variable rate basis (as a percent)             0.45%    
Variable rate basis             one month LIBOR    
Other Financing Arrangements | Recourse Debt                  
Mortgages, notes and loans payable                  
Mortgages, notes, and loans payable, gross                 $ 17,400,000
Senior Notes 6.875 Percent Due 2021                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           6.88% 6.88%    
Mortgages, notes, and loans payable, gross           $ 750,000,000 $ 750,000,000   750,000,000
Senior Notes 6.875 Percent Due 2021 | Recourse Debt                  
Mortgages, notes and loans payable                  
Mortgages, notes, and loans payable, gross           750,000,000 750,000,000    
Woodlands Properties                  
Mortgages, notes and loans payable                  
Land, buildings and equipment and developments in progress pledged as collateral           2,400,000,000 2,400,000,000    
Master Planned Communities                  
Mortgages, notes and loans payable                  
Mortgages, notes, and loans payable, gross           $ 297,668,000 $ 297,668,000   282,889,000
Variable rate basis     three-month LIBOR            
Debt refinanced     $ 15,200,000            
Number of extension options | item     2            
Option to extend, term     1 year            
Fixed interest rate (as a percent)     4.60%            
Master Planned Communities | Three Month LIBOR                  
Mortgages, notes and loans payable                  
Interest rate margin (as a percent)     3.15%            
Master Planned Communities | Bridgeland                  
Mortgages, notes and loans payable                  
Incremental borrowing capacity     $ 65,000,000            
Master Planned Communities | Bridgeland | Bridgeland Credit Facility                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           4.60% 4.60%    
Facility Amount           $ 65,000,000 $ 65,000,000    
Mortgages, notes, and loans payable, gross           59,349,000 59,349,000   40,072,000
Master Planned Communities | Summerlin | Bonds                  
Mortgages, notes and loans payable                  
New SIDs issued           0 0    
Bond obligation           $ 3,400,000 $ 3,400,000    
Master Planned Communities | Summerlin South | S124                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           5.95% 5.95%    
Mortgages, notes, and loans payable, gross           $ 141,000 $ 141,000   159,000
Master Planned Communities | Summerlin South | S128                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           6.05% 6.05%    
Mortgages, notes, and loans payable, gross           $ 487,000 $ 487,000   534,000
Master Planned Communities | Summerlin South | S128C                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           6.05% 6.05%    
Mortgages, notes, and loans payable, gross           $ 4,728,000 $ 4,728,000   4,856,000
Master Planned Communities | Summerlin South | S132                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           6.00% 6.00%    
Mortgages, notes, and loans payable, gross           $ 1,494,000 $ 1,494,000   1,676,000
Master Planned Communities | Summerlin South | S151                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           6.00% 6.00%    
Mortgages, notes, and loans payable, gross           $ 4,349,000 $ 4,349,000   4,534,000
Master Planned Communities | Summerlin South | S159                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           6.00% 6.00%    
Mortgages, notes, and loans payable, gross           $ 6,614,000 $ 6,614,000   9,020,000
Master Planned Communities | Summerlin West | S808 or 810                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           6.00% 6.00%    
Mortgages, notes, and loans payable, gross                 1,047,000
Master Planned Communities | Summerlin West | S812                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           6.00% 6.00%    
Mortgages, notes, and loans payable, gross           $ 27,844,000 $ 27,844,000   28,328,000
Master Planned Communities | Woodlands Properties                  
Mortgages, notes and loans payable                  
Number of extension options | item           2 2    
Master Planned Communities | Woodlands Properties | Line of Credit                  
Mortgages, notes and loans payable                  
Facility Amount           $ 200,000,000 $ 200,000,000    
Interest rate margin (as a percent)         2.75%        
Option to extend, term           1 year      
Maximum facility amount at first extension option           $ 175,000,000 175,000,000    
Maximum facility amount at second extension option           $ 25,000,000 $ 25,000,000    
Master Planned Communities | Woodlands Properties | Line of Credit | One Month LIBOR                  
Mortgages, notes and loans payable                  
Variable rate basis         one-month LIBOR        
Master Planned Communities | Woodlands Properties | Term Loan                  
Mortgages, notes and loans payable                  
Facility Amount         $ 100,000,000        
Master Planned Communities | Woodlands Properties | Revolving Credit Facility                  
Mortgages, notes and loans payable                  
Facility Amount         $ 100,000,000        
Master Planned Communities | Woodlands Properties | The Woodlands Master Credit Facility                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           3.20% 3.20%    
Facility Amount           $ 200,000,000 $ 200,000,000    
Mortgages, notes, and loans payable, gross           192,662,000 192,662,000   192,663,000
Operating Assets                  
Mortgages, notes and loans payable                  
Mortgages, notes, and loans payable, gross           $ 1,406,730,000 $ 1,406,730,000   1,360,353,000
Operating Assets | Capital Lease Obligations                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           3.60% 3.60%    
Mortgages, notes, and loans payable, gross           $ 28,000 $ 28,000   52,000
Operating Assets | Downtown Summerlin                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           2.70% 2.70%    
Facility Amount           $ 311,800,000 $ 311,800,000    
Mortgages, notes, and loans payable, gross           $ 293,732,000 $ 293,732,000   $ 289,804,000
Operating Assets | Downtown Summerlin | Recourse Debt                  
Mortgages, notes and loans payable                  
Maximum percent recourse                 35.00%
Maximum recourse upon completion of the project and achievement of debt service coverage ratio                 15.00%
Maximum percentage recourse upon achievement of conditions             10.00%    
Debt service coverage ratio to be achieved for reduction in maximum recourse                 1.15
Debt service coverage ratio to be achieved for further reduction in maximum recourse             1.25    
Minimum average tenant sales per net rentable square foot to be achieved for further reduction in maximum recourse             $ 500.00    
Occupancy percentage           90.00% 90.00%    
Operating Assets | Downtown Summerlin | S108                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           5.95% 5.95%    
Mortgages, notes, and loans payable, gross           $ 235,000 $ 235,000   $ 235,000
Operating Assets | Downtown Summerlin | S128                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           6.05% 6.05%    
Mortgages, notes, and loans payable, gross           $ 3,350,000 $ 3,350,000   3,350,000
Operating Assets | The Woodlands Resort and Conference Center                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           3.20% 3.20%    
Mortgages, notes, and loans payable, gross           $ 85,000,000 $ 85,000,000   85,000,000
Operating Assets | 10-60 Columbia Corporate Center                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           2.81% 2.81%    
Outstanding balance           $ 40,000,000 $ 40,000,000    
Mortgages, notes, and loans payable, gross           $ 80,000,000 $ 80,000,000   80,000,000
Fixed interest rate per swap (as a percent)           3.41% 3.41%    
Operating Assets | 70 Columbia Corporate Center                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           2.70% 2.70%    
Mortgages, notes, and loans payable, gross           $ 20,000,000 $ 20,000,000   20,000,000
Operating Assets | Columbia Regional Building                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           2.45% 2.45%    
Facility Amount           $ 23,008,000 $ 23,008,000    
Mortgages, notes, and loans payable, gross           $ 22,188,000 $ 22,188,000   22,188,000
Operating Assets | One Hughes Landing                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           4.30% 4.30%    
Mortgages, notes, and loans payable, gross           $ 52,000,000 $ 52,000,000   52,000,000
Operating Assets | Two Hughes Landing                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           4.20% 4.20%    
Mortgages, notes, and loans payable, gross           $ 48,000,000 $ 48,000,000   48,000,000
Operating Assets | 1725-35 Hughes Landing Boulevard                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           2.10% 2.10%    
Facility Amount           $ 143,000,000 $ 143,000,000    
Mortgages, notes, and loans payable, gross           $ 103,968,000 $ 103,968,000   89,677,000
Operating Assets | Embassy Suites at Hughes Landing                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           2.95% 2.95%    
Facility Amount           $ 37,100,000 $ 37,100,000    
Mortgages, notes, and loans payable, gross           $ 28,829,000 $ 28,829,000   20,064,000
Operating Assets | Hughes Landing Retail                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           2.40% 2.40%    
Facility Amount           $ 36,575,000 $ 36,575,000    
Mortgages, notes, and loans payable, gross           $ 32,465,000 $ 32,465,000   28,726,000
Operating Assets | 1701 Lake Robbins                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           5.81% 5.81%    
Mortgages, notes, and loans payable, gross           $ 4,600,000 $ 4,600,000   4,600,000
Operating Assets | Millennium Waterway Apartments                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           3.75% 3.75%    
Mortgages, notes, and loans payable, gross           $ 55,584,000 $ 55,584,000   55,584,000
Operating Assets | 110 N Wacker                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           5.21% 5.21%    
Outstanding balance           $ 24,600,000 $ 24,600,000    
Mortgages, notes, and loans payable, gross           $ 24,593,000 $ 24,593,000   26,481,000
Fixed interest rate per swap (as a percent)           5.21% 5.21%    
Operating Assets | 110 N Wacker | Recourse Debt                  
Mortgages, notes and loans payable                  
Corporate recourse guarantee amount                 7,000,000
Operating Assets | 9303 New Trails                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           4.88% 4.88%    
Mortgages, notes, and loans payable, gross           $ 12,558,000 $ 12,558,000   12,734,000
Operating Assets | One Lakes Edge                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           2.70% 2.70%    
Facility Amount           $ 73,525,000 $ 73,525,000    
Mortgages, notes, and loans payable, gross           $ 69,646,000 $ 69,646,000   67,517,000
Operating Assets | Outlet Collection at Riverwalk                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           3.20% 3.20%    
Facility Amount           $ 64,400,000 $ 64,400,000    
Mortgages, notes, and loans payable, gross           $ 56,100,000 $ 56,100,000   56,100,000
Operating Assets | AnahaWard Village Condominium                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           3.46% 3.46%    
Facility Amount           $ 250,000,000 $ 250,000,000    
Mortgages, notes, and loans payable, gross           $ 238,716,000 $ 238,716,000   238,716,000
Fixed interest rate per swap (as a percent)           3.81% 3.81%    
Operating Assets | AnahaWard Village Condominium | LIBOR                  
Mortgages, notes and loans payable                  
Interest rate margin (as a percent)             2.50%    
Operating Assets | 2025 Waterway Avenue                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           4.79% 4.79%    
Mortgages, notes, and loans payable, gross           $ 14,000,000 $ 14,000,000   14,112,000
Operating Assets | 3 Waterway Square                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           3.94% 3.94%    
Mortgages, notes, and loans payable, gross           $ 52,000,000 $ 52,000,000   52,000,000
Operating Assets | 4 Waterway Square                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           4.88% 4.88%    
Mortgages, notes, and loans payable, gross           $ 36,777,000 $ 36,777,000   37,293,000
Operating Assets | Outlet at Riverwalk Properties | Construction Loan Payable | Recourse Debt                  
Mortgages, notes and loans payable                  
Mortgages, notes, and loans payable, gross                 $ 64,400,000
Maximum percent recourse                 50.00%
Maximum percentage recourse upon achievement of conditions                 25.00%
Debt yield to achieve the reduced maximum percentage recourse                 11.00%
Time period of minimum level of tenant sales needed to achieve the reduced maximum percent recourse                 12 months
Operating Assets | The Westin at the woodlands                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           3.10% 3.10%    
Facility Amount           $ 69,300,000 $ 69,300,000    
Mortgages, notes, and loans payable, gross           $ 49,788,000 $ 49,788,000   $ 33,361,000
Operating Assets | 3831 Technology Forest                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           4.50% 4.50%    
Mortgages, notes, and loans payable, gross           $ 22,573,000 $ 22,573,000   22,759,000
Strategic Developments                  
Mortgages, notes and loans payable                  
Mortgages, notes, and loans payable, gross           196,751,000 196,751,000   51,085,000
Strategic Developments | Downtown Summerlin | Recourse Debt                  
Mortgages, notes and loans payable                  
Total mortgages, notes and loans payable           $ 311,800,000 $ 311,800,000    
Strategic Developments | HHC 2978 Self Storage Facility                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           3.05% 3.05%    
Facility Amount           $ 6,368,000 $ 6,368,000    
Mortgages, notes, and loans payable, gross   $ 6,400,000              
Amount withdrawn           $ 0 $ 0    
Option to extend, term   1 year              
Strategic Developments | HHC 2978 Self Storage Facility | One Month LIBOR                  
Mortgages, notes and loans payable                  
Interest rate margin (as a percent)   2.60%              
Strategic Developments | HHC 242 Self Storage Facility                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           3.05% 3.05%    
Facility Amount           $ 6,658,000 $ 6,658,000    
Mortgages, notes, and loans payable, gross           $ 866,000 $ 866,000    
Strategic Developments | One Merriweather                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           2.60% 2.60%    
Facility Amount           $ 49,900,000 $ 49,900,000    
Mortgages, notes, and loans payable, gross $ 49,900,000         3,988,000 3,988,000    
Amount withdrawn           $ 200,000 $ 200,000    
Option to extend, term 1 year                
Strategic Developments | One Merriweather | One Month LIBOR                  
Mortgages, notes and loans payable                  
Interest rate margin (as a percent) 2.15%                
Strategic Developments | Three Hughes Landing                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           2.80% 2.80%    
Facility Amount           $ 65,455,000 $ 65,455,000    
Mortgages, notes, and loans payable, gross           $ 33,200,000 $ 33,200,000   23,268,000
Strategic Developments | Waiea And Anaha Condominiums                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           7.20% 7.20%    
Facility Amount           $ 600,000,000 $ 600,000,000    
Mortgages, notes, and loans payable, gross           $ 150,025,000 $ 150,025,000   27,817,000
Strategic Developments | Lakeland Village Center                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           2.80% 2.80%    
Facility Amount           $ 14,000,000 $ 14,000,000    
Mortgages, notes, and loans payable, gross           $ 8,514,000 $ 8,514,000    
Strategic Developments | Merriweather Post Pavilion                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           2.45% 2.45%    
Facility Amount           $ 9,500,000 $ 9,500,000    
Mortgages, notes, and loans payable, gross           $ 158,000 $ 158,000    
Corporate | Other Financing Arrangements                  
Mortgages, notes and loans payable                  
Interest rate (as a percent)           3.00% 3.00%    
Mortgages, notes, and loans payable, gross           $ 17,372,000 $ 17,372,000   $ 18,794,000
Corporate | Senior Notes 6.875 Percent Due 2021                  
Mortgages, notes and loans payable                  
Total mortgages, notes and loans payable       $ 750,000,000          
Fixed interest rate (as a percent)       6.875%          
Maximum percentage of Notes that can be redeemed       35.00%          
Redemption price percentage at which Notes can be redeemed       106.875%