Mortgages Payable (Tables)

9 Months Ended

Sep. 30, 2015

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, 2015		2015			2014
First mortgages secured by:
	Rego Park I shopping center (100% cash
	collateralized)(2)	Mar. 2016	0.40	%	$	78,246		$	78,246
	Paramus	Oct. 2018	2.90	%		68,000			68,000
	Rego Park II shopping center(3)	Nov. 2018	2.04	%		264,162			266,534
	731 Lexington Avenue, office space(4)	Mar. 2021	1.16	%		300,000			300,000
	731 Lexington Avenue, retail space	Aug. 2022	1.61	%		350,000	(5)		320,000
					$	1,060,408		$	1,032,780
(1)	Represents the extended maturity where we have the unilateral right to extend.
(2)	Extended for one year from March 10, 2015.
(3)	Interest at LIBOR plus 1.85%.
(4)	Interest at LIBOR plus 0.95%.
(5)	Interest at LIBOR plus 1.40%.