BASIS OF PERSENTATION AND ORGANIZATION (Schedule of Financial Statement Line Items Affected As Result Of New Revenue Recognition Standard) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jan. 01, 2018	Dec. 31, 2017
Condensed Consolidated Balance Sheet (in thousands)
Buildings and equipment, net	$ 2,048,498		$ 2,048,498
Developments	1,739,787		1,739,787			$ 1,196,582
Deferred expenses, net	93,319		93,319			80,901
Prepaid expenses and other assets, net	262,125		262,125			370,027
Deferred tax liabilities	141,799		141,799			160,850
Accounts payable and accrued expenses	703,514		703,514			521,718
Accumulated deficit	(180,967)		(180,967)			$ (109,508)
Condensed Consolidated Statements of Operations (in thousands)
Condominium rights and unit cost of sales	28,816	$ 106,195	35,545	$ 166,678
Depreciation and amortization	29,087	34,770	57,275	60,294
Operating income (loss) before other items	(8,561)	53,910	(6,022)	98,562
(Benefit) provision for income taxes	(2,417)	16,303	(1,859)	26,000
Net income (loss)	(5,879)	3,120	(4,045)	8,779
Net income (loss) attributable to common stockholders	(5,088)	3,120	(3,614)	8,779
Condensed Consolidated Statements of Comprehensive Income (in thousands)
Comprehensive income	(2,567)	391	5,435	6,408
Comprehensive income attributable to common stockholders	(1,776)	391	5,866	6,408
Condensed Consolidated Statements of Cash Flows (in thousands)
Deferred income taxes			(2,558)	24,440
Percentage of completion revenue recognition from sale of condominium rights and unit sales			0	(228,356)
Recognition Under Previous Guidance
Condensed Consolidated Balance Sheet (in thousands)
Buildings and equipment, net	2,046,542		2,046,542
Developments	1,329,468		1,329,468
Deferred expenses, net	89,931		89,931
Prepaid expenses and other assets, net	706,930		706,930
Deferred tax liabilities	179,208		179,208
Accounts payable and accrued expenses	570,250		570,250
Accumulated deficit	(55,493)		(55,493)
Condensed Consolidated Statements of Operations (in thousands)
Condominium rights and unit cost of sales	197,889		302,476
Depreciation and amortization	28,107		55,306
Operating income (loss) before other items	18,949		67,485
(Benefit) provision for income taxes	4,234		15,908
Net income (loss)	14,982		51,696
Net income (loss) attributable to common stockholders	15,773		52,127
Condensed Consolidated Statements of Comprehensive Income (in thousands)
Comprehensive income	18,294		61,176
Comprehensive income attributable to common stockholders	19,085		61,607
Condensed Consolidated Statements of Cash Flows (in thousands)
Deferred income taxes			15,209
Percentage of completion revenue recognition from sale of condominium rights and unit sales			(338,470)
Impact of Adoption of ASC Topic 606 | Accounting Standards Update 2014-09
Condensed Consolidated Balance Sheet (in thousands)
Buildings and equipment, net	1,956		1,956
Developments	410,319		410,319		$ 150,800
Deferred expenses, net	3,388		3,388
Prepaid expenses and other assets, net	(444,805)		(444,805)		5,600
Deferred tax liabilities	(37,409)		(37,409)		(19,600)
Accounts payable and accrued expenses	133,264		133,264		95,000
Accumulated deficit	(125,474)		(125,474)		$ (69,700)
Condensed Consolidated Statements of Operations (in thousands)
Condominium rights and unit cost of sales	(169,073)		(266,931)
Depreciation and amortization	980		1,969
Operating income (loss) before other items	(27,510)		(73,507)
(Benefit) provision for income taxes	(6,651)		(17,767)
Net income (loss)	(20,861)		(55,741)
Net income (loss) attributable to common stockholders	(20,861)		(55,741)
Condensed Consolidated Statements of Comprehensive Income (in thousands)
Comprehensive income	(20,861)		(55,741)
Comprehensive income attributable to common stockholders	(20,861)		(55,741)
Condensed Consolidated Statements of Cash Flows (in thousands)
Deferred income taxes			(17,767)
Percentage of completion revenue recognition from sale of condominium rights and unit sales			338,470
Condominium rights and unit sales
Condensed Consolidated Statements of Operations (in thousands)
Revenue from contract with customer	20,885	$ 148,211	31,722	$ 228,356
Condominium rights and unit sales | Recognition Under Previous Guidance
Condensed Consolidated Statements of Operations (in thousands)
Revenue from contract with customer	216,490		370,192
Condominium rights and unit sales | Impact of Adoption of ASC Topic 606 | Accounting Standards Update 2014-09
Condensed Consolidated Statements of Operations (in thousands)
Revenue from contract with customer	$ (195,605)		$ (338,470)