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REAL ESTATE AND OTHER AFFILIATES (Summary of Investments in Real Estate and Other Affiliates) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 18, 2020
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 17, 2020
Sep. 30, 2020
Jul. 15, 2020
Investments in and Advances to Affiliates [Line Items]              
Investment in real estate and other affiliates   $ 377,145 $ 121,757        
Share of Earnings/Dividends   271,099 30,629 $ 39,954      
110 North Wacker              
Investments in and Advances to Affiliates [Line Items]              
Equity Method Investments           $ 273,600  
Mr.C Seaport              
Investments in and Advances to Affiliates [Line Items]              
Economic/Legal Ownership             35.00%
Circle T              
Investments in and Advances to Affiliates [Line Items]              
Economic/Legal Ownership         50.00%    
Equity Method Investments $ 11,900            
Share of Earnings/Dividends $ 1,100            
Equity Method Investments              
Investments in and Advances to Affiliates [Line Items]              
Equity Method Investments   373,192 117,804        
Share of Earnings/Dividends   267,375 27,006 36,599      
Other equity Investments              
Investments in and Advances to Affiliates [Line Items]              
Other equity investments   3,953 3,953        
Share of Earnings/Dividends   3,724 3,623 3,355      
Operating Assets | Equity Method Investments | 110 North Wacker              
Investments in and Advances to Affiliates [Line Items]              
Equity Method Investments   261,143 0        
Share of Earnings/Dividends   $ (13,896) $ 0 0      
Operating Assets | Equity Method Investments | The Metropolitan Downtown Columbia              
Investments in and Advances to Affiliates [Line Items]              
Economic/Legal Ownership   50.00% 50.00%        
Equity Method Investments   $ 0 $ 0        
Share of Earnings/Dividends   $ 765 $ 694 467      
Operating Assets | Equity Method Investments | Stewart Title of Montgomery County, TX              
Investments in and Advances to Affiliates [Line Items]              
Economic/Legal Ownership   50.00% 50.00%        
Equity Method Investments   $ 3,924 $ 4,175        
Share of Earnings/Dividends   $ 1,250 $ 1,105 573      
Operating Assets | Equity Method Investments | Woodlands Sarofim #1              
Investments in and Advances to Affiliates [Line Items]              
Economic/Legal Ownership   20.00% 20.00%        
Equity Method Investments   $ 3,120 $ 2,985        
Share of Earnings/Dividends   $ 125 $ 125 94      
Operating Assets | Equity Method Investments | m.flats/TEN.M              
Investments in and Advances to Affiliates [Line Items]              
Economic/Legal Ownership   50.00% 50.00%        
Equity Method Investments   $ 1,247 $ 2,431        
Share of Earnings/Dividends   666 (1,875) (2,478)      
Master Planned Communities | Equity Method Investments | The Summit              
Investments in and Advances to Affiliates [Line Items]              
Equity Method Investments   96,300 84,455        
Share of Earnings/Dividends   $ 17,845 $ 28,336 36,284      
Seaport District | Mr.C Seaport              
Investments in and Advances to Affiliates [Line Items]              
Economic/Legal Ownership             35.00%
Seaport District | Equity Method Investments | Mr.C Seaport              
Investments in and Advances to Affiliates [Line Items]              
Economic/Legal Ownership   0.00% 35.00%        
Equity Method Investments   $ 0 $ 7,650        
Share of Earnings/Dividends   (6,900) (1,980) (465)      
Seaport District | Equity Method Investments | Bar Wayō (Momofuku)              
Investments in and Advances to Affiliates [Line Items]              
Equity Method Investments   7,101 7,469        
Share of Earnings/Dividends   (2,392) (612) 0      
Strategic Developments | 110 North Wacker              
Investments in and Advances to Affiliates [Line Items]              
Share of Earnings/Dividends   267,500          
Strategic Developments | Equity Method Investments | 110 North Wacker              
Investments in and Advances to Affiliates [Line Items]              
Equity Method Investments   0 0        
Share of Earnings/Dividends   $ 267,518 $ 0 0      
Strategic Developments | Equity Method Investments | Mr.C Seaport              
Investments in and Advances to Affiliates [Line Items]              
Economic/Legal Ownership   0.00% 35.00%        
Equity Method Investments   $ 0 $ 0        
Share of Earnings/Dividends   $ 0 $ 0 (240)      
Strategic Developments | Equity Method Investments | Circle T              
Investments in and Advances to Affiliates [Line Items]              
Economic/Legal Ownership   0.00% 50.00%        
Equity Method Investments   $ 0 $ 8,207        
Share of Earnings/Dividends   $ 2,463 $ 950 1,534      
Strategic Developments | Equity Method Investments | HHMK Development              
Investments in and Advances to Affiliates [Line Items]              
Economic/Legal Ownership   50.00% 50.00%        
Equity Method Investments   $ 10 $ 10        
Share of Earnings/Dividends   $ 0 $ 0 0      
Strategic Developments | Equity Method Investments | KR Holdings              
Investments in and Advances to Affiliates [Line Items]              
Economic/Legal Ownership   50.00% 50.00%        
Equity Method Investments   $ 347 $ 422        
Share of Earnings/Dividends   (69) 263 $ 830      
Accounts payable and accrued expenses | The Metropolitan Downtown Columbia              
Investments in and Advances to Affiliates [Line Items]              
Investment deficit position   $ 5,000 $ 4,700