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		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Jan. 01, 2018	Dec. 31, 2017
Condensed Consolidated Balance Sheets (in thousands)
Buildings and equipment, net	$ 2,151,500		$ 2,151,500
Developments	1,825,847		1,825,847			$ 1,196,582
Deferred expenses, net	95,811		95,811			80,901
Prepaid expenses and other assets, net	286,194		286,194			370,027
Deferred tax liabilities	148,770		148,770			160,850
Accounts payable and accrued expenses	705,864		705,864			521,718
Accumulated deficit	(157,602)		(157,602)			$ (109,508)
Condensed Consolidated Statements of Operations (in thousands)
Condominium rights and unit cost of sales	6,168	$ 86,531	41,713	$ 253,209
Depreciation and amortization	31,123	35,899	88,398	96,193
Operating income before other items	46,022	24,295	40,000	122,857
Provision for income taxes	7,487	5,846	5,628	31,846
Net income	23,847	10,516	19,802	19,295
Net income attributable to noncontrolling interests	23,365	10,504	19,751	19,283
Condensed Consolidated Statements of Comprehensive Income (in thousands)
Comprehensive income	25,782	10,656	31,217	17,064
Comprehensive income attributable to common stockholders	25,300	10,644	31,166	17,052
Condensed Consolidated Statements of Cash Flows (in thousands)
Deferred income taxes			4,621	33,484
Percentage of completion revenue recognition from sale of condominium rights and unit sales			0	(342,208)
Recognition Under Previous Guidance
Condensed Consolidated Balance Sheets (in thousands)
Buildings and equipment, net	2,150,391		2,150,391
Developments	1,390,203		1,390,203
Deferred expenses, net	87,095		87,095
Prepaid expenses and other assets, net	757,512		757,512
Deferred tax liabilities	187,806		187,806
Accounts payable and accrued expenses	562,428		562,428
Accumulated deficit	(27,354)		(27,354)
Condensed Consolidated Statements of Operations (in thousands)
Condominium rights and unit cost of sales	43,916		346,391
Depreciation and amortization	30,752		86,059
Operating income before other items	52,424		119,909
Provision for income taxes	9,114		25,022
Net income	28,622		80,317
Net income attributable to noncontrolling interests	28,140		80,266
Condensed Consolidated Statements of Comprehensive Income (in thousands)
Comprehensive income	30,557		91,732
Comprehensive income attributable to common stockholders	30,075		91,681
Condensed Consolidated Statements of Cash Flows (in thousands)
Deferred income taxes			24,015
Percentage of completion revenue recognition from sale of condominium rights and unit sales			(382,248)
Impact of Adoption of ASC Topic 606 | Accounting Standards Update 2014-09
Condensed Consolidated Balance Sheets (in thousands)
Buildings and equipment, net	1,109		1,109
Developments	435,644		435,644		$ 150,800
Deferred expenses, net	8,716		8,716
Prepaid expenses and other assets, net	(471,318)		(471,318)		5,600
Deferred tax liabilities	(39,036)		(39,036)		(19,600)
Accounts payable and accrued expenses	143,436		143,436		95,000
Accumulated deficit	(130,248)		(130,248)		$ (69,700)
Condensed Consolidated Statements of Operations (in thousands)
Condominium rights and unit cost of sales	(37,748)		(304,678)
Depreciation and amortization	371		2,339
Operating income before other items	(6,402)		(79,909)
Provision for income taxes	(1,627)		(19,394)
Net income	(4,775)		(60,515)
Net income attributable to noncontrolling interests	(4,775)		(60,515)
Condensed Consolidated Statements of Comprehensive Income (in thousands)
Comprehensive income	(4,775)		(60,515)
Comprehensive income attributable to common stockholders	(4,775)		(60,515)
Condensed Consolidated Statements of Cash Flows (in thousands)
Deferred income taxes			(19,394)
Percentage of completion revenue recognition from sale of condominium rights and unit sales			382,248
Condominium rights and unit sales
Condensed Consolidated Statements of Operations (in thousands)
Revenue	8,045	$ 113,852	39,767	$ 342,208
Condominium rights and unit sales | Recognition Under Previous Guidance
Condensed Consolidated Statements of Operations (in thousands)
Revenue	51,823		422,015
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	$ (43,778)		$ (382,248)