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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities:      
Net income (loss) $ 202,326 $ 126,719 $ (23,520)
Adjustments to reconcile net income (loss) to cash used in operating activities:      
Depreciation 81,878 82,275 50,683
Amortization 13,986 16,722 5,275
Amortization of deferred financing costs 6,977 5,734 4,378
Amortization of intangibles other than in-place leases (1,857) 462 668
Straight-line rent amortization (7,401) (4,985)  
Deferred income taxes 113,698 21,152 65,010
Restricted stock and stock option amortization 6,707 7,284 8,200
Gain on disposition of assets (139,432) (29,073) (2,373)
Gain on acquisition of partner's interest in Millennium Six Pines Apartments (27,088)    
Warrant liability (gain) loss 24,410 (58,320) 60,520
Equity in earnings from Real Estate and Other Affiliates, net of distributions (19,329) 1,182 11,222
Provision for doubtful accounts 5,664 4,030 1,404
Master Planned Community land acquisitions (94) (7,293) (100,913)
Master Planned Community development expenditures (149,592) (197,020) (140,735)
Master Planned Community cost of sales 88,065 69,104 110,885
Condominium development expenditures (330,720) (191,313) (75,990)
Condominium rights and unit cost of sales 319,325 191,606 49,995
Provision for impairment 35,734    
Deferred rental income   46,366  
Reduction (increase) in tax indemnity receivable     (90)
Interest income related to tax indemnity     (21,510)
Loss on settlement of tax indemnity receivable     (74,095)
Proceeds received on settlement of tax indemnity receivable     138,000
Payment to IRS relating to tax court decision     (203,298)
Percentage of completion revenue recognition from sale of condominium rights and unit sales (485,634) (305,284) (83,565)
Non-monetary consideration relating to land sale     (17,406)
Net changes:      
Accounts and notes receivable 29,295 50,228 45,209
Prepaid expenses and other assets 2,763 (1,869) (6,311)
Condominium deposits received 465,701 81,881 139,187
Deferred expenses (8,911) (11,743) (36,641)
Accounts payable and accrued expenses (46,322) 29,867 37,213
Condominium deposits held in escrow (465,701) (81,881) (139,187)
Condominium deposits released from escrow 348,745 177,724  
Other, net (4,278) 375 (8,720)
Cash provided by (used in) operating activities 58,915 23,930 (58,315)
Cash Flows from Investing Activities:      
Property and equipment expenditures (9,662) (15,439) (8,521)
Operating property improvements (20,247) (8,409) (6,299)
Property developments and redevelopments (402,669) (578,506) (759,003)
Proceeds from grant to reimburse development costs 4,582    
Proceeds from dispositions 410,917 25,139 11,953
Proceeds from insurance claims 3,107   12,901
Investment in KR Holdings, LLC   9,121 9,386
Acquisition of partner's interest in Millennium Six Pines Apartments (net of cash acquired) (3,105)    
Acquisition of partner's interest     (21,555)
Acquisition of One Mall North (22,375)    
Distributions from Real Estate and Other Affiliates 16,550    
Note issued to Real Estate Affiliate (25,000)    
Proceeds from repayment of note to Real Estate Affiliate 25,000    
Investments in Real Estate and Other Affiliates, net (11,056) (2,171) (6,248)
Change in restricted cash (4,605) (6,580) 20,930
Other   1,277  
Cash used in investing activities (38,563) (575,568) (746,456)
Cash Flows from Financing Activities:      
Proceeds from mortgages, notes and loans payable 535,505 583,822 597,553
Principal payments on mortgages, notes and loans payable (333,302) (103,808) (120,182)
Preferred dividend payment on behalf of REIT subsidiary     (12)
Special Improvement District bond funds released from (held in) escrow 11,236 (39,241)  
Deferred financing costs (5,531) (4,285) (7,085)
Issuance of management warrants 1,000    
Taxes paid on vested restricted stock (1,231)    
Stock options exercised 180    
Acquisition of 1% partnership interest in GG Dr, LLC (8,000)    
Cash provided by financing activities 199,857 436,488 470,274
Net change in cash and cash equivalents 220,209 (115,150) (334,497)
Cash and cash equivalents at beginning of period 445,301 560,451 894,948
Cash and cash equivalents at end of period 665,510 445,301 560,451
Supplemental Disclosure of Cash Flow Information:      
Interest paid 123,687 99,296 84,497
Interest capitalized 64,344 47,221 46,513
Income taxes paid 11,191 3,318 204,898
Non-Cash Transactions:      
Special Improvement District bond transfers associated with land sales 7,662 18,775 8,786
Property developments and redevelopments   2,530 38,567
Accrued interest on construction loan borrowing 4,386 2,863 4,785
MPC Land contributed to Real Estate Affiliate   15,234  
Special Improvement District bond transfer to Real Estate Affiliate   (1,518)  
Capitalized stock compensation 2,559 $ 2,526  
Distribution of land to noncontrolling interests     2,818
Millennium Six Pines Apartments      
Acquisition/Donation of Property:      
Land (11,225)    
Building (54,492)    
Other assets (1,261)    
Mortgages, notes and loans payable 37,700    
Other liabilities (913)    
1701 Lake Robbins      
Acquisition/Donation of Property:      
Land     (1,663)
Building     (3,725)
Other assets     (848)
Mortgages, notes and loans payable     4,600
Other liabilities     152
10-60 Columbia Corporate Center      
Acquisition/Donation of Property:      
Land     (23,404)
Building     (79,247)
Other assets     (28,997)
Other liabilities     1,648
85 South Street      
Acquisition/Donation of Property:      
Building     (3,979)
Below market lease obligation     $ 3,979
Merriweather Post Pavilion Donation      
Acquisition/Donation of Property:      
Mortgages, notes and loans payable (2,834)    
Other liabilities (4,635)    
Developments 18,066    
Prepaid and other assets $ (10,597)