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REAL ESTATE AND OTHER AFFILIATES (Narrative) (Details)
1 Months Ended 3 Months Ended 9 Months Ended
Jun. 01, 2016
a
Mar. 16, 2016
ft²
Jan. 24, 2014
USD ($)
a
item
Oct. 04, 2013
USD ($)
a
Jun. 30, 2016
a
Jan. 31, 2016
USD ($)
Sep. 30, 2016
USD ($)
Dec. 31, 2015
USD ($)
Sep. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
item
$ / a
Sep. 30, 2016
USD ($)
Sep. 30, 2015
USD ($)
Real Estate and Other Affiliates                        
Book value of land contributed to joint venture             $ 314,400,000 $ 322,462,000     $ 314,400,000  
Area of land sold | ft²   42,694                    
Land sales             44,128,000   $ 45,423,000   147,168,000 $ 138,937,000
Equity in earnings             13,493,000   $ 295,000   35,700,000 $ 3,164,000
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%    
Entitlement of distribution by joint venture (in times) | item                   2    
Land sales                     216,600,000  
Amount of lot closing completed             119,800,000          
Equity in earnings                     22,600,000  
The Summit | Maximum                        
Real Estate and Other Affiliates                        
Maximum capital contribution required                   $ 30,000,000    
Grandview SHG, LLC                        
Real Estate and Other Affiliates                        
Investment in joint venture             8,100,000       8,100,000  
Amount of bridge loan             25,000,000       25,000,000  
Redevelopment loan             36,000,000       36,000,000  
Additional capital contribution             2,300,000       $ 2,300,000  
Grandview SHG, LLC | Bridge Loan [Member]                        
Real Estate and Other Affiliates                        
Interest rate margin (as a percent)                     5.00%  
Circle T Ranch                        
Real Estate and Other Affiliates                        
Area of land sold | a 74       74              
Equity in earnings                     $ 10,500,000  
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          
Total book value contribution       $ 7,100,000                
Contribution made till date             3,900,000       6,300,000  
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                        
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                  
Non-recourse construction loan     $ 15,800,000       $ 11,900,000       $ 11,900,000  
Number of units in Class A apartment building to be constructed | item     124                  
Area Of Land In Downtown Summerlin | a     400                  
Percentage of ownership interest of partners in joint venture     50.00%                  
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%                  
Percentage of project occupied             14.50%       14.50%  
Percentage of project leased             42.70%       42.70%  
One Month LIBOR | m.flats (formerly Parcel C) | Construction Loan Payable                        
Real Estate and Other Affiliates                        
Interest rate margin (as a percent)           2.40%