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MORTGAGES, NOTES AND LOANS PAYABLE, NET (Borrowing Activity, Footnotes) (Details) - USD ($)
12 Months Ended
Aug. 18, 2020
Jun. 22, 2020
May 20, 2020
Mar. 26, 2020
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Debt Instrument [Line Items]              
Repayment of debt $ 807,900,000       $ 867,935,000 $ 386,489,000 $ 838,462,000
Loss on extinguishment of debt 13,200,000       13,169,000 $ (4,641,000) $ 0
The Woodlands Towers at the Waterway and The Woodlands Warehouse | Bridge Loan              
Debt Instrument [Line Items]              
Aggregate principal amount of debt issued     $ 280,300,000 $ 137,000,000.0      
The Woodlands Towers at the Waterway              
Debt Instrument [Line Items]              
Repayment of debt         63,500,000    
The Woodlands Towers at the Waterway | Bridge Loan              
Debt Instrument [Line Items]              
Repayment of debt       $ 63,500,000      
Downtown Summerlin              
Debt Instrument [Line Items]              
Aggregate principal amount of debt issued   $ 221,500,000          
Repayment of debt   $ 33,800,000     255,297,000    
110 North Wacker | Variable Interest Entity, Primary Beneficiary              
Debt Instrument [Line Items]              
Deconsolidation of 110 North Wacker         $ 326,835,000    
Senior Notes due 2028 | Senior Notes              
Debt Instrument [Line Items]              
Aggregate principal amount of debt issued $ 750,000,000            
Interest rate (as a percent) 5.375%       5.375%    
One-month LIBOR              
Debt Instrument [Line Items]              
Interest rate margin (as a percent)         0.14%    
Three-month LIBOR              
Debt Instrument [Line Items]              
Interest rate margin (as a percent)         0.24%    
Prime rate              
Debt Instrument [Line Items]              
Interest rate margin (as a percent)         3.25%    
LIBOR | The Woodlands Towers at the Waterway and The Woodlands Warehouse | Bridge Loan              
Debt Instrument [Line Items]              
Interest rate margin (as a percent)     2.35%        
LIBOR | Downtown Summerlin              
Debt Instrument [Line Items]              
Interest rate margin (as a percent)   2.15%