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INVESTMENT IN REAL ESTATE AND OTHER AFFILIATES (Narrative) (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Jun. 01, 2016
ft²
Mar. 16, 2016
ft²
Oct. 04, 2013
USD ($)
a
Jan. 31, 2016
USD ($)
Mar. 31, 2015
USD ($)
item
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Jun. 30, 2016
USD ($)
Real Estate and Other Affiliates                  
Revenues           $ 58,600,000      
Net income           23,200,000      
Gross margin           31,200,000      
Area of land sold | ft²   42,694              
Equity in earnings           25,498,000 $ 56,818,000 $ 3,721,000  
Gain recognized on the sale of Redlands Promenade           125,000      
Land           277,932,000 320,936,000    
Land sales           248,595,000 215,318,000 $ 187,399,000  
The Summit                  
Real Estate and Other Affiliates                  
Preferred return, on capital (as a percent)         5.00%        
Entitlement of distribution by joint venture (in times) | item         2        
Total assets           166,900,000 151,400,000    
Total liabilities           118,900,000 116,600,000    
Equity           48,000,000 34,800,000    
Revenues             79,800,000    
Net income             43,500,000    
Gross margin             47,100,000    
Circle T Ranch and Power Center                  
Real Estate and Other Affiliates                  
Area of land sold | ft² 72                
Equity in earnings             10,500,000    
m.flats/TEN.M                  
Real Estate and Other Affiliates                  
Fair value of the land contributed to joint venture     $ 4,000,000            
Transaction value of the land contributed to joint venture     $ 23,400,000            
Area of land contributed to the joint venture (in acres) | a     5            
Additional capitalized development costs incurred resulting from contribution of land     $ 3,100,000            
Total book value contribution     7,100,000            
Transaction value, per constructed unit of land contributed to joint venture     $ 53,500,000,000            
Distribution of the cash contributed by joint venture partner       $ 7,300,000          
Contribution made till date             6,300,000    
Gain recognized on the sale of Redlands Promenade             200,000    
m.flats/TEN.M | Kettler Inc                  
Real Estate and Other Affiliates                  
Amount funded in cash to joint venture       16,100,000          
m.flats/TEN.M | Construction Loan Payable                  
Real Estate and Other Affiliates                  
Non-recourse construction loan       $ 88,000,000          
Option to extend, term       1 year          
33 Peck Slip                  
Real Estate and Other Affiliates                  
Amount funded in cash to joint venture           700,000 2,300,000    
Capital contribution       $ 6,000,000          
Investment in joint venture           8,700,000      
33 Peck Slip | Bridge Loan                  
Real Estate and Other Affiliates                  
Amount of bridge loan       $ 25,000,000          
Interest rate margin (as a percent)       5.00%          
33 Peck Slip | Construction Loan Payable                  
Real Estate and Other Affiliates                  
Redevelopment loan                 $ 36,000,000
Equity Method Investments | The Summit                  
Real Estate and Other Affiliates                  
Fair value of the 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, price per acre         226,000        
Equity Method Investments | The Summit | Maximum                  
Real Estate and Other Affiliates                  
Maximum capital contribution required         $ 30,000,000        
Equity Method Investments | 33 Peck Slip                  
Real Estate and Other Affiliates                  
Equity in earnings           $ (643,000) $ 106,000    
One Month LIBOR                  
Real Estate and Other Affiliates                  
Interest rate margin (as a percent)           1.49%      
One Month LIBOR | m.flats/TEN.M | Construction Loan Payable                  
Real Estate and Other Affiliates                  
Interest rate margin (as a percent)       2.40%