Notes and Mortgages Payable (Tables)

6 Months Ended

Jun. 30, 2012

Notes and Mortgages Payable [Abstract]

Schedule of Notes and Mortgages Payable [Table Text Block]

					Balance at
			Interest Rate at		June 30,		December 31,
(Amounts in thousands)		Maturity	June 30, 2012		2012		2011
First mortgage, secured by the Rego Park I
	Shopping Center (100% cash collateralized)	Mar. 2013	0.50	%	$	78,246	$	78,246
First mortgage, secured by the office space
	at the Lexington Avenue property	Feb. 2014	5.33	%		333,742		339,890
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	1.94	%		250,000		250,000
First mortgage, secured by the Paramus property		Oct. 2018	2.90	%		68,000		68,000
First mortgage, secured by the
	Rego Park II Shopping Center(3)	Nov. 2018	2.10	%		273,544		274,796
					$	1,323,532	$	1,330,932
___________________
(1)	In the event of a substantial casualty, as defined, up to $75,000 of this loan may become recourse to us.
(2)	This loan bears interest at LIBOR plus 1.70%.
(3)	This loan bears interest at LIBOR plus 1.85%.