Reportable Segments (Table Text Block)

3 Months Ended

6 Months Ended

Jun. 30, 2012

Jun. 30, 2011

Jun. 30, 2012

Jun. 30, 2011

Segment Reporting [Abstract]

Schedule of Income (Loss) by Reportable Segment

FFO is reconciled to net income (loss) on a total Company basis (in thousands):

Three Months Ended June 30, 2012	Office		Retail		Land			CPS Third Party Management and Leasing			Other			Total
Net operating property income, including discontinued operations	$	16,741	$	4,749	$	—		$	—		$	—		$	21,490
Fee income, net of reimbursed expenses	—		—		—			3,676			1,429			5,105
Residential lot and other sales, net of cost of sales	—		—		89			—			—			89
Other income	—		13		—			—			253			266
Third party management and leasing expenses	—		—		—			(2,254		)	—			(2,254		)
General and administrative expenses	—		—		—			—			(5,645		)	(5,645		)
Interest expense	—		—		—			—			(5,875		)	(5,875		)
Depreciation and amortization of non-real estate assets	—		—		—			—			(223		)	(223		)
Separation expenses	—		—		—			—			(79		)	(79		)
Other expenses	—		—		—			—			(579		)	(579		)
Funds from operations from unconsolidated joint ventures	2,709		2,176		(135		)	—			(2		)	4,748
Funds from operations attributable to noncontrolling interests	—		—		—			—			(631		)	(631		)
Provision for income taxes from operations	—		—		—			—			(33		)	(33		)
Preferred stock dividends	—		—		—			—			(3,227		)	(3,227		)
Funds from operations available to common stockholders	$	19,450	$	6,938	$	(46	)	$	1,422		$	(14,612	)	$	13,152
Real estate depreciation and amortization, including Company's share of joint ventures														(15,022		)
Gain on sale of depreciable investment properties														8,271
Net income available to common stockholders														$	6,401

Three Months Ended June 30, 2011	Office		Retail		Land		CPS Third Party Management and Leasing			Other			Total
Net operating property income, including discontinued operations	$	15,458	$	4,847	$	—	$	—		$	911		$	21,216
Fee income, net of reimbursed expenses	—		—		56		2,396			2,008			4,460
Residential lot and other sales, net of cost of sales	—		—		4		—			—			4
Other income	447		10		—		—			194			651
Third party management and leasing expenses	—		—		—		(1,871		)	—			(1,871		)
General and administrative expenses	—		—		—		—			(6,133		)	(6,133		)
Interest expense	—		—		—		—			(7,358		)	(7,358		)
Depreciation and amortization of non-real estate assets	—		—		—		—			(372		)	(372		)
Separation expenses	—		—		—		—			(77		)	(77		)
Other expenses	—		—		—		—			(659		)	(659		)
Funds from operations from unconsolidated joint ventures	2,685		2,125		127		—			33			4,970
Funds from operations attributable to noncontrolling interests	—		—		—		—			(681		)	(681		)
Provision for income taxes from operations	—		—		—		—			(27		)	(27		)
Preferred stock dividends	—		—		—		—			(3,227		)	(3,227		)
Funds from operations available to common stockholders	$	18,590	$	6,982	$	187	$	525		$	(15,388	)	$	10,896
Real estate depreciation and amortization, including Company's share of joint ventures													(15,661		)
Gain on sale of depreciable investment properties													59
Net loss available to common stockholders													$	(4,706	)

Six Months Ended June 30, 2012	Office		Retail		Land			CPS Third Party Management and Leasing			Other			Total
Net operating income, including discontinued operations	$	33,676	$	10,797	$	—		$	—		$	1		$	44,474
Fee income, net of reimbursed expenses	—		—		—			6,086			2,909			8,995
Residential lot and other sales, net of cost of sales	—		—		474			—			—			474
Other income	—		205		—			—			1,526			1,731
Third party management and leasing expenses	—		—		—			(4,253		)	—			(4,253		)
General and administrative expenses	—		—		—			—			(12,268		)	(12,268		)
Interest expense	—		—		—			—			(12,143		)	(12,143		)
Loss on extinguishment of debt	—		—		—			—			(94		)	(94		)
Depreciation and amortization of non-real estate assets	—		—		—			—			(587		)	(587		)
Separation expenses	—		—		—			—			(292		)	(292		)
Other expenses	—		—		—			—			(1,273		)	(1,273		)
Funds from operations from unconsolidated joint ventures	5,709		4,286		(397		)	—			(3		)	9,595
Funds from operations attributable to noncontrolling interests	—		—		—			—			(1,205		)	(1,205		)
Provision for income taxes from operations	—		—		—			—			(60		)	(60		)
Preferred stock dividends	$	—	$	—	$	—		$	—		$	(6,454	)	$	(6,454	)
Funds from operations available to common stockholders	$	39,385	$	15,288	$	77		$	1,833		$	(29,943	)	$	26,640
Real estate depreciation and amortization, including Company's share of joint ventures														(31,575		)
Impairment loss on depreciable investment property														(12,233		)
Noncontrolling interest related to gain on sale of depreciated investment properties														2,043
Gain on sale of depreciated investment properties														8,414
Net loss available to common stockholders														$	(6,711	)

Six Months Ended June 30, 2011	Office		Retail		Land		CPS Third Party Management and Leasing			Other			Total
Net operating property income, including discontinued operations	$	30,709	$	10,582	$	—	$	—		$	1,961		$	43,252
Fee income, net of reimbursed expenses	—		—		91		4,236			3,846			8,173
Residential lot and other sales, net of cost of sales	—		50		50		—			—			100
Other income	818		34		—		—			4,969			5,821
Third party management and leasing expenses	—		—		—		(3,716		)	—			(3,716		)
General and administrative expenses	—		—		—		—			(13,533		)	(13,533		)
Interest expense	—		—		—		—			(14,902		)	(14,902		)
Impairment loss	—		—		—		—			(3,508		)	(3,508		)
Depreciation and amortization of non-real estate assets	—		—		—		—			(935		)	(935		)
Separation expenses	—		—		—		—			(178		)	(178		)
Other expenses	—		—		—		—			(4,021		)	(4,021		)
Funds from operations from unconsolidated joint ventures	5,449		4,366		279		—			50			10,144
Funds from operations attributable to noncontrolling interests	—		—		—		—			(1,262		)	(1,262		)
Benefit for income taxes from operations	—		—		—		—			37			37
Preferred stock dividends	—		—		—		—			(6,454		)	(6,454		)
Funds from operations available to common stockholders	$	36,976	$	15,032	$	420	$	520		$	(33,930	)	$	19,018
Real estate depreciation and amortization, including Company's share of joint ventures													(31,315		)
Loss on sale of depreciable investment properties, net of gains													(266		)
Net loss available to common stockholders													$	(12,563	)

Reconciliation of revenues per Segment to Consolidated Revenues

The following table reconciles information presented in the tables above to the Company's consolidated revenues (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Net operating property income, including discontinued operations	$	21,490		$	21,216		$	44,474		$	43,252
Plus rental property operating expenses	14,661			13,072			28,276			24,971
Fee income	5,105			4,460			8,995			8,173
Third party management and leasing expense reimbursements	2,353			2,209			4,654			4,457
Reimbursed expenses	1,357			1,371			2,733			2,883
Residential lot sales, net of cost of sales, including gain on sale of undepreciated investment properties	89			4			474			100
Plus residential lot cost of sales	416			76			980			145
Plus loss on sale of undepreciated investment properties	30			—			30			—
Net operating income from discontinued operations not included in revenues	(541		)	(3,021		)	(1,950		)	(6,518		)
Other income	266			651			1,731			5,821
Other income - discontinued operations	$	(13	)	$	(89	)	$	(13	)	$	(114	)
Total consolidated revenues	$	45,213		$	39,949		$	90,384		$	83,170