Mortgages Payable (Tables)

9 Months Ended

Sep. 30, 2014

Mortgages Payable [Abstract]

Summary of Notes and Mortgages Payable [Table Text Block]

						Balance at
				Interest Rate at		September 30,		December 31,
(Amounts in thousands)			Maturity(1)	September 30, 2014		2014		2013
First mortgages secured by:
	Rego Park I shopping center (100% cash
		collateralized)	Mar. 2015	0.40	%	$	78,246	$	78,246
	731 Lexington Avenue, retail space(2)		Jul. 2015	4.93	%		320,000		320,000
	Paramus		Oct. 2018	2.90	%		68,000		68,000
	Rego Park II shopping center(3)		Nov. 2018	2.00	%		267,295		269,496
	731 Lexington Avenue, office space		Mar. 2021	1.10	%		300,000		314,217
						$	1,033,541	$	1,049,959
(1)	Represents the extended maturity where we have the unilateral right to extend.
(2)	This loan is non-recourse to us, except for $75,000 in the event of a substantial casualty, as defined.
(3)	This loan bears interest at LIBOR plus 1.85%.