Notes and mortgages payable (Tables)

12 Months Ended

Dec. 31, 2011

Notes and Mortgages Payable [Abstract]

Summary of Notes and Mortgages Payable [Table Text Block]

			Interest Rate at		Balance at December 31,
(Amounts in thousands)		Maturity	December 31, 2011		2011		2010
First mortgage, secured by the Rego Park I
	Shopping Center (100% cash collateralized)	Mar. 2012	0.75	%	$	78,246	$	78,246
First mortgage, secured by the office space
	at the Lexington Avenue property	Feb. 2014	5.33	%		339,890		351,751
First mortgage, secured by the retail space
	at the Lexington Avenue property(1)	Jul. 2015	4.93	%		320,000		320,000
First mortgage, secured by the Kings Plaza
	Regional Shopping Center(2)	Jun. 2016	2.24	%		250,000		151,214
First mortgage, secured by the Paramus property(3)		Oct. 2018	2.90	%		68,000		68,000
First mortgage, secured by the
	Rego Park II Shopping Center(4)	Nov. 2018	2.15	%		274,796		277,200
					$	1,330,932	$	1,246,411
___________________
(1)	In the event of a substantial casualty, as defined, up to $75,000 of this loan may become recourse to us.
(2)	On June 10, 2011, we completed a $250,000 refinancing of this property. The five-year interest-only loan is at LIBOR plus 1.70%.
	We retained net proceeds of approximately $95,000 after repaying the existing loan and costs.
(3)	On October 5, 2011, this loan was refinanced for the same amount. The new seven-year interest-only loan has a fixed rate of 2.90%.
(4)	On November 30, 2011, we completed a $275,000 refinancing of this property. The seven-year loan bears interest at LIBOR plus
	1.85% and amortizes based on a 30-year schedule. The proceeds of the new loan were used to repay the existing loan on the property.

Schedule of Maturities of Long-term Debt [Table Text Block]

(Amounts in thousands)
Year Ending December 31,	Amount
2012	$	93,262
2013		15,957
2014		317,179
2015		323,192
2016		253,440
Thereafter		327,902