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MORTGAGES, NOTES AND LOANS PAYABLE, NET (Schedule of Debt by Property) (Details) - USD ($)
12 Months Ended
Mar. 27, 2020
Mar. 05, 2020
Oct. 17, 2019
Dec. 31, 2020
Aug. 18, 2020
Jun. 30, 2020
Jun. 22, 2020
Mar. 04, 2020
Jan. 07, 2020
Dec. 31, 2019
Jun. 27, 2019
Feb. 28, 2019
Debt Instrument [Line Items]                        
Carrying Value       $ 4,320,166,000                
Unamortized bond issuance costs       (4,355,000)           $ (5,249,000)    
Unamortized deferred financing costs       (28,442,000)           (36,899,000)    
Total mortgages, notes and loans payable       $ 4,287,369,000           4,096,470,000    
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%                
Operating Assets                        
Debt Instrument [Line Items]                        
Carrying Value       $ 2,052,295,000           2,338,317,000    
Master Planned Communities                        
Debt Instrument [Line Items]                        
Carrying Value       181,520,000           235,284,000    
Seaport District                        
Debt Instrument [Line Items]                        
Carrying Value       100,000,000           350,000,000    
Strategic Developments                        
Debt Instrument [Line Items]                        
Carrying Value       $ 236,351,000           215,017,000    
Three Hughes Landing                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.33%                
Aggregate principal amount of debt issued   $ 61,000,000.0           $ 61,200,000        
Three Hughes Landing | One-month LIBOR                        
Debt Instrument [Line Items]                        
Interest rate margin (as a percent)   2.60%                    
Three Hughes Landing | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.33%                
Carrying Value       $ 0           59,822,000    
The Woodlands Towers at the Waterway                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.68%                
The Woodlands Towers at the Waterway | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.68%                
Carrying Value       $ 0           336,570,000    
1201 Lake Robbins | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.49%                
Carrying Value       $ 273,070,000           0    
The Woodlands Warehouse | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.49%                
Carrying Value       $ 7,230,000           7,230,000    
Downtown Summerlin                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.88%                
Aggregate principal amount of debt issued             $ 221,500,000          
Downtown Summerlin | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.88%                
Carrying Value       $ 0           259,179,000    
Two Merriweather                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.23%                
Two Merriweather | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.23%                
Carrying Value       $ 0           28,216,000    
Outlet Collection at Riverwalk | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.50%                
Carrying Value       $ 28,679,000           30,615,000    
100 Fellowship Drive                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.23%                
100 Fellowship Drive | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.23%                
Carrying Value       $ 0           47,916,000    
20/25 Waterway Avenue | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.79%                
Carrying Value       $ 12,855,000           13,131,000    
Millennium Waterway Apartments | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.75%                
Carrying Value       $ 51,946,000           53,032,000    
HHC 242 Self-Storage                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.33%                
HHC 242 Self-Storage | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.33%                
Carrying Value       $ 0           5,499,000    
HHC 2978 Self-Storage                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.33%                
HHC 2978 Self-Storage | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.33%                
Carrying Value       $ 0           5,395,000    
Lake Woodlands Crossing Retail | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       1.94%                
Carrying Value       $ 12,329,000           12,163,000    
Lakeside Row | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.39%                
Carrying Value       $ 31,566,000           23,958,000    
Two Lakes Edge | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.40%                
Carrying Value       $ 66,198,000           38,214,000    
The Woodlands Resort & Conference Center                        
Debt Instrument [Line Items]                        
Carrying Value           $ 62,500,000            
The Woodlands Resort & Conference Center | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.00%                
Carrying Value                   62,500,000   $ 62,500,000
Lakefront North                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.73%                
Lakefront North | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.73%                
Carrying Value       $ 0           32,731,000    
9303 New Trails | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.88%                
Carrying Value       $ 10,763,000           11,196,000    
4 Waterway Square | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.88%                
Carrying Value       $ 31,519,000           32,789,000    
Creekside Park West | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.39%                
Carrying Value       $ 14,719,000           8,505,000    
The Lane at Waterway | Strategic Developments                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       1.89%                
Carrying Value       $ 22,167,000           1,000    
6100 Merriweather | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.89%                
Carrying Value       $ 62,040,000           36,418,000    
Juniper Apartments | Strategic Developments                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.89%                
Carrying Value       $ 65,808,000           34,610,000    
Tanager Apartments | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.50%                
Carrying Value       $ 39,744,000           29,165,000    
9950 Woodloch Forest Drive                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.09%                
9950 Woodloch Forest Drive | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.09%                
Carrying Value       $ 71,106,000           0    
Two Summerlin                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.25%                
Two Summerlin | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.25%                
Carrying Value       $ 0           33,183,000    
Ae‘o Retail                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.90%                
Carrying Value       $ 30,500,000                
Ae‘o Retail | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.90%                
Carrying Value       $ 30,532,000           0    
Ke Kilohana Retail                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.90%                
Carrying Value       $ 9,300,000                
Ke Kilohana Retail | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.90%                
Carrying Value       $ 9,327,000           0    
3831 Technology Forest Drive | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.50%                
Carrying Value       $ 20,686,000           21,137,000    
Kewalo Basin Harbor | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.89%                
Carrying Value       $ 11,562,000           11,110,000    
Millennium Six Pines Apartments | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.39%                
Carrying Value       $ 42,500,000           42,500,000    
3 Waterway Square | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.94%                
Carrying Value       $ 46,224,000           47,647,000    
One Lakes Edge | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.50%                
Carrying Value       $ 69,440,000           69,440,000    
Aristocrat | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.67%                
Carrying Value       $ 37,093,000           38,055,000    
Creekside Park Apartments | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.52%                
Carrying Value       $ 37,730,000           37,730,000    
One Hughes Landing | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.30%                
Carrying Value       $ 50,815,000           52,000,000    
Two Hughes Landing | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.20%                
Carrying Value       $ 48,000,000           48,000,000    
8770 New Trails | Strategic Developments                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.89%                
Carrying Value       $ 35,417,000           15,124,000    
Constellation Apartments | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.07%                
Carrying Value       $ 24,200,000           24,200,000    
Hughes Landing Retail | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.50%                
Carrying Value       $ 34,328,000           35,000,000    
Columbia Regional Building | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.48%                
Carrying Value       $ 24,244,000           24,664,000    
Las Vegas Ballpark | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.92%                
Carrying Value       $ 48,173,000           51,231,000    
250 Water Street | Seaport District                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.64%                
Carrying Value       $ 100,000,000           100,000,000    
Seaport District                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       6.10%                
Seaport District | Seaport District                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       6.10%                
Carrying Value       $ 0           250,000,000    
‘A‘ali‘i | Strategic Developments                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.10%                
Carrying Value       $ 154,601,000           30,717,000    
Kō'ula | Strategic Developments                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       3.14%                
Carrying Value       $ 65,282,000           0    
110 North Wacker                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.73%                
110 North Wacker | Variable Interest Entity, Primary Beneficiary                        
Debt Instrument [Line Items]                        
Deconsolidation of 110 North Wacker       $ 326,835,000                
110 North Wacker | Strategic Developments                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.73%                
Carrying Value       $ 0           184,300,000    
Creekside Park The Grove | Strategic Developments                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       1.89%                
Carrying Value       $ 16,468,000           0    
Senior Secured Credit Facility | Operating Assets                        
Debt Instrument [Line Items]                        
Carrying Value       $ 615,000,000           615,000,000    
The Bridgeland And Woodlands Credit Facility | Master Planned Communities                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       2.64%                
The Woodlands Master Credit Facility                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.23%                
The Woodlands Master Credit Facility | Master Planned Communities                        
Debt Instrument [Line Items]                        
Carrying Value       $ 75,000,000           107,500,000    
Bridgeland Credit Facility                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.23%                
Bridgeland Credit Facility | Master Planned Communities                        
Debt Instrument [Line Items]                        
Carrying Value       $ 75,000,000           107,500,000    
Construction Loans | 8770 New Trails                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)                     4.89%  
Aggregate principal amount of debt issued                   35,500,000    
Construction Loans | 8770 New Trails | One-month LIBOR                        
Debt Instrument [Line Items]                        
Interest rate margin (as a percent)       2.45%                
Construction Loans | Kō'ula                        
Debt Instrument [Line Items]                        
Interest rate margin (as a percent) 3.00%                      
Aggregate principal amount of debt issued $ 356,800,000                      
Construction Loans | Creekside Park The Grove                        
Debt Instrument [Line Items]                        
Aggregate principal amount of debt issued                 $ 43,400,000      
Special Improvement District bonds | Other SID Bonds | Operating Assets                        
Debt Instrument [Line Items]                        
Carrying Value       $ 2,785,000           3,441,000    
Special Improvement District bonds | Summerlin South SID Bonds | Master Planned Communities                        
Debt Instrument [Line Items]                        
Carrying Value       $ 31,520,000           20,284,000    
Special Improvement District bonds | Minimum                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       5.00%                
Special Improvement District bonds | Minimum | Other SID Bonds | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       6.00%                
Special Improvement District bonds | Minimum | Summerlin South SID Bonds | Master Planned Communities                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       5.00%                
Special Improvement District bonds | Maximum                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       6.00%                
Special Improvement District bonds | Maximum | Other SID Bonds | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       6.05%                
Special Improvement District bonds | Maximum | Summerlin South SID Bonds | Master Planned Communities                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       6.05%                
Senior Notes | Senior Notes due 2025                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       5.38%                
Carrying Value       $ 1,000,000,000           1,000,000,000    
Aggregate principal amount of debt issued       $ 1,000,000,000                
Senior Notes | Senior Notes due 2028                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       5.38%                
Carrying Value       $ 750,000,000           $ 0    
Aggregate principal amount of debt issued         $ 750,000,000              
Term Loan | Senior Secured Credit Facility | Operating Assets                        
Debt Instrument [Line Items]                        
Interest rate (as a percent)       4.61%                
Carrying Value       $ 615,000,000.0                
Percent subject to interest rate collar contract       100.00%                
Term Loan | The Bridgeland And Woodlands Credit Facility                        
Debt Instrument [Line Items]                        
Aggregate principal amount of debt issued     $ 100,000,000.0                  
Line of Credit | The Bridgeland And Woodlands Credit Facility                        
Debt Instrument [Line Items]                        
Facility amount     $ 250,000,000.0 $ 250,000,000                
Line of Credit | The Bridgeland And Woodlands Credit Facility | One-month LIBOR                        
Debt Instrument [Line Items]                        
Interest rate margin (as a percent)     2.50%