OTHER ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Sep. 30, 2016	Mar. 01, 2017	Dec. 31, 2016
Prepaid Expenses and Other Assets
Condominium receivables	$ 315,337		$ 315,337				$ 210,219
Condominium deposits	169,162		169,162				193,197
SID receivables	60,233		60,233				61,603
Straight-line rent, net	34,988		34,988				31,518
Equipment, net of accumulated depreciation of $4.9 million and $3.9 million, respectively	15,669		15,669				17,556
Security and escrow deposits	47,219		47,219				61,304
Tenant incentives and other receivables	9,643		9,643				8,773
Prepaid expenses	11,237		11,237				11,177
Federal income tax receivable	16,186		16,186				15,763
Intangibles	36,182		36,182				4,046
Other	3,258		3,258				13,902
Total prepaid expenses and other assets	752,587		752,587				666,516
Accumulated depreciation on other equipment	6,100		6,100				4,900
Reimbursement from a tenant	11,642	$ 10,923	23,041	$ 21,451
Accounts Payable and Accrued Expenses
Construction payables	194,065		194,065				207,917
Deferred income	70,814		70,814				85,158
Condominium deposit liabilities	58,468		58,468				117,015
Accounts payable and accrued expenses	33,759		33,759				33,050
Tenant and other deposits	24,274		24,274				28,559
Accrued interest	21,178		21,178				16,897
Accrued payroll and other employee liabilities	22,135		22,135				36,937
Accrued real estate taxes	13,997		13,997				16,726
Interest Rate Swaps							(149)
Interest rate swaps	3,853		3,853
Straight-line ground rent liability	14,044		14,044				13,126
Above-market ground leases	880		880				1,762
Other	15,546		15,546				15,012
Total accounts payable and accrued expenses	$ 473,013		$ 473,013				572,010
Las Vegas 51s LLC [Member]
Prepaid Expenses and Other Assets
Voting interest acquired (as a percent)	50.00%		50.00%			50.00%
Prepaid Expenses and Other Current Assets [Member]
Prepaid Expenses and Other Assets
Increase in prepaid expenses and other assets			$ 86,100
Increase (decrease) in intangibles			32,100
Increase (decrease) in condominium deposits			(24,000)
Increase (Decrease) in security and escrow deposits			(14,100)
Other net			4,000
Increase (Decrease) in in-place leases			3,300
Increase (Decrease) in other assets			(10,600)
Increase (decrease) in tenant incentives and other receivables			900
Decrease in other receivables			4,000
Accounts Payable and Accrued Liabilities [Member]
Accounts Payable and Accrued Expenses
Decrease in accounts payable and accrued expenses			(99,000)
Decrease in condominium deposits liability			(58,500)
Decrease in construction payables			(13,900)
Decrease in accrued payroll and other employee liabilities			14,800
Decrease in deferred income			(14,300)
Decrease in accrued real estate taxes			(2,700)
Decrease in tenant and other deposits			(4,300)
Other immaterial decreases			(800)
Increase in accrued interest			4,300
Increase in interest rate swap liability			4,000
Other immaterial increases			2,000
Ward Village [Member] | Prepaid Expenses and Other Current Assets [Member]
Prepaid Expenses and Other Assets
Increase (Decrease) in condominium receivables					$ 105,100
Waiea And Anaha Condominiums
Prepaid Expenses and Other Assets
Condominium receivables	$ 296,700		296,700
Ae'o
Prepaid Expenses and Other Assets
Condominium receivables	18,300		18,300
Ke Kilohana
Prepaid Expenses and Other Assets
Condominium receivables	400		400
Leases, Acquired-in-Place [Member]
Prepaid Expenses and Other Assets
Net carrying amount	12,719		12,719				16,015
Ground Leases below Market [Member]
Prepaid Expenses and Other Assets
Net carrying amount	18,816		18,816				18,986
Ground Leases above Market [Member]
Prepaid Expenses and Other Assets
Net carrying amount	$ 1,938		$ 1,938				$ 2,457