XML 66 R53.htm IDEA: XBRL DOCUMENT v3.8.0.1
New Valley LLC (Investment in Real Estate Ventures) (Details)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2017
USD ($)
venture
Apr. 30, 2017
USD ($)
Mar. 31, 2017
USD ($)
Sep. 30, 2017
USD ($)
venture
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
venture
Sep. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
Schedule of Investments [Line Items]                
Investments in real estate ventures $ 210,089     $ 210,089   $ 210,089   $ 221,258
Total contributions           20,830 $ 23,358  
Distributions from real estate ventures           32,358 17,099  
Distributions from investments in real estate ventures           23,338 23,041  
Equity in (losses) earnings from real estate ventures       (47) $ 1,022 26,357 3,328  
New Valley LLC                
Schedule of Investments [Line Items]                
Investments in real estate ventures 210,089     210,089   210,089   $ 221,258
Total contributions           20,830 23,358  
Distributions           55,696 40,140  
Equity in (losses) earnings from real estate ventures       (47) 1,022 26,357 3,328  
Total maximum exposure to loss $ 217,448     217,448   217,448    
Interest costs capitalized       $ 1,108 3,275   8,111  
Interest expense           $ (2,659)    
New Valley LLC | Monad Terrace [Member]                
Schedule of Investments [Line Items]                
Range of ownership 18.00%     18.00%   18.00%   24.30%
New Valley LLC | Variable Interest Entity, Primary Beneficiary                
Schedule of Investments [Line Items]                
Number of real estate ventures | venture 2     2   2    
VIE's assets $ 14,585     $ 14,585   $ 14,585   $ 14,385
New Valley LLC | Variable Interest Entity, Not Primary Beneficiary | Witkoff GP Partners LLC [Member]                
Schedule of Investments [Line Items]                
Range of ownership     15.00%          
Payments to acquire equity method investments 8,655   $ 1,170          
Total maximum exposure to loss 9,723     9,723   9,723    
Committed future contributions 10,175     10,175   10,175    
New Valley LLC | Variable Interest Entity, Not Primary Beneficiary | New Brookland East LLC [Member]                
Schedule of Investments [Line Items]                
Range of ownership   9.80%            
Payments to acquire equity method investments   $ 402            
Total maximum exposure to loss $ 418     $ 418   $ 418    
New Valley LLC | New York City SMSA | Minimum                
Schedule of Investments [Line Items]                
Range of ownership 3.10%     3.10%   3.10%    
New Valley LLC | New York City SMSA | Maximum                
Schedule of Investments [Line Items]                
Range of ownership 49.50%     49.50%   49.50%    
New Valley LLC | Condominium and Mixed Use Development                
Schedule of Investments [Line Items]                
Investments in real estate ventures $ 153,661     $ 153,661   $ 153,661   172,720
Total contributions           9,468 20,353  
Distributions           53,729 29,894  
Equity in (losses) earnings from real estate ventures       41 1,568 28,321 3,347  
Total maximum exposure to loss 161,020     161,020   161,020    
New Valley LLC | Condominium and Mixed Use Development | New York City SMSA                
Schedule of Investments [Line Items]                
Investments in real estate ventures 124,003     124,003   124,003   131,770
Total contributions           872 4,238  
Distributions           35,780 19,849  
Equity in (losses) earnings from real estate ventures       (55) 1,984 29,241 4,594  
Total maximum exposure to loss 125,600     125,600   125,600    
New Valley LLC | Condominium and Mixed Use Development | All other U.S. areas                
Schedule of Investments [Line Items]                
Investments in real estate ventures 29,658     29,658   29,658   40,950
Total contributions           8,596 16,115  
Distributions           17,949 10,045  
Equity in (losses) earnings from real estate ventures       96 (416) (920) (1,247)  
Total maximum exposure to loss $ 35,420     $ 35,420   $ 35,420    
New Valley LLC | Condominium and Mixed Use Development | All other U.S. areas | Minimum                
Schedule of Investments [Line Items]                
Range of ownership 15.00%     15.00%   15.00%    
New Valley LLC | Condominium and Mixed Use Development | All other U.S. areas | Maximum                
Schedule of Investments [Line Items]                
Range of ownership 48.50%     48.50%   48.50%    
New Valley LLC | Apartment Buildings                
Schedule of Investments [Line Items]                
Investments in real estate ventures $ 7,598     $ 7,598   $ 7,598   8,287
Distributions           239 8,821  
Equity in (losses) earnings from real estate ventures       197 43 (450) 2,189  
Total maximum exposure to loss 7,598     7,598   7,598    
New Valley LLC | Apartment Buildings | All other U.S. areas                
Schedule of Investments [Line Items]                
Investments in real estate ventures 7,598     7,598   7,598   8,287
Distributions           239 8,821  
Equity in (losses) earnings from real estate ventures       197 43 (450) 2,189  
Total maximum exposure to loss $ 7,598     $ 7,598   $ 7,598    
New Valley LLC | Apartment Buildings | All other U.S. areas | Minimum                
Schedule of Investments [Line Items]                
Range of ownership 7.60%     7.60%   7.60%    
New Valley LLC | Apartment Buildings | All other U.S. areas | Maximum                
Schedule of Investments [Line Items]                
Range of ownership 16.30%     16.30%   16.30%    
New Valley LLC | Hotels                
Schedule of Investments [Line Items]                
Investments in real estate ventures $ 24,632     $ 24,632   $ 24,632   24,932
Total contributions           1,537 3,005  
Distributions           239 0  
Equity in (losses) earnings from real estate ventures       (95) (743) (1,597) (1,587)  
Total maximum exposure to loss $ 24,632     $ 24,632   $ 24,632    
New Valley LLC | Hotels | New York City SMSA                
Schedule of Investments [Line Items]                
Range of ownership 5.20%     5.20%   5.20%    
Investments in real estate ventures $ 21,642     $ 21,642   $ 21,642   21,895
Total contributions           1,537 2,515  
Equity in (losses) earnings from real estate ventures       (584) (518) (1,790) (1,592)  
Total maximum exposure to loss $ 21,642     $ 21,642   $ 21,642    
New Valley LLC | Hotels | International                
Schedule of Investments [Line Items]                
Range of ownership 49.00%     49.00%   49.00%    
Investments in real estate ventures $ 2,990     $ 2,990   $ 2,990   3,037
Total contributions           0 490  
Distributions           239 0  
Equity in (losses) earnings from real estate ventures       489 (225) 193 5  
Total maximum exposure to loss 2,990     2,990   2,990    
New Valley LLC | Commercial                
Schedule of Investments [Line Items]                
Investments in real estate ventures 12,480     12,480   12,480   13,290
Distributions           339 375  
Equity in (losses) earnings from real estate ventures       (38) (81) (471) (1,613)  
Total maximum exposure to loss $ 12,480     $ 12,480   $ 12,480    
New Valley LLC | Commercial | New York City SMSA                
Schedule of Investments [Line Items]                
Range of ownership 49.00%     49.00%   49.00%    
Investments in real estate ventures $ 2,487     $ 2,487   $ 2,487   3,290
Distributions           101 375  
Equity in (losses) earnings from real estate ventures       (333) (81) (702) (1,613)  
Total maximum exposure to loss $ 2,487     $ 2,487   $ 2,487    
New Valley LLC | Commercial | All other U.S. areas                
Schedule of Investments [Line Items]                
Range of ownership 2.10%     2.10%   2.10%    
Investments in real estate ventures $ 9,993     $ 9,993   $ 9,993   10,000
Distributions           238 0  
Equity in (losses) earnings from real estate ventures       295 0 231 0  
Total maximum exposure to loss 9,993     9,993   9,993    
New Valley LLC | Other                
Schedule of Investments [Line Items]                
Investments in real estate ventures 11,718     11,718   11,718   $ 2,029
Total contributions           9,825 0  
Distributions           1,150 1,050  
Equity in (losses) earnings from real estate ventures       (152) $ 235 554 992  
Total maximum exposure to loss $ 11,718     $ 11,718   $ 11,718    
New Valley LLC | Other | Minimum                
Schedule of Investments [Line Items]                
Range of ownership 15.00%     15.00%   15.00%    
New Valley LLC | Other | Maximum                
Schedule of Investments [Line Items]                
Range of ownership 50.00%     50.00%   50.00%    
Douglas Elliman Realty, LLC                
Schedule of Investments [Line Items]                
Proceeds from commissions received           $ 6,179 $ 13,197