XML 77 R65.htm IDEA: XBRL DOCUMENT v3.19.2
New Valley LLC (Investment in Real Estate Ventures) (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
USD ($)
venture
Jun. 30, 2018
USD ($)
Jun. 30, 2019
USD ($)
venture
Jun. 30, 2018
USD ($)
Apr. 30, 2019
USD ($)
Feb. 28, 2019
USD ($)
Dec. 31, 2018
USD ($)
Schedule of Investments [Line Items]              
Investments in real estate ventures $ 144,766   $ 144,766       $ 141,105
Total contributions     21,908 $ 4,343      
Distributions from real estate ventures     2,060 8,542      
Distributions from investments in real estate ventures     23,200 27,134      
Equity in earnings (losses) from real estate ventures 6,391 $ (2,112) 3,952 (8,672)      
Condominium and Mixed Use Development | All other U.S. areas              
Schedule of Investments [Line Items]              
Impairment of long-term investments   2,113   8,467      
New Valley LLC              
Schedule of Investments [Line Items]              
Investments in real estate ventures 144,766   144,766       141,105
Total contributions     21,908 4,343      
Distributions     25,260 35,676      
Equity in earnings (losses) from real estate ventures 6,391 (2,112) 3,952 (8,672)      
Total maximum exposure to loss 176,966   176,966        
Interest costs capitalized 1,688 2,094 3,003 4,303      
New Valley LLC | Variable Interest Entity, Not Primary Beneficiary | 352 6th Avenue LLC              
Schedule of Investments [Line Items]              
Range of ownership           37.00%  
Investments in real estate ventures           $ 500  
Total maximum exposure to loss 517   517        
New Valley LLC | Variable Interest Entity, Not Primary Beneficiary | Meatpacking Plaza              
Schedule of Investments [Line Items]              
Range of ownership         17.00%    
Investments in real estate ventures         $ 10,018    
Total maximum exposure to loss 10,251   10,251        
New Valley LLC | Variable Interest Entity, Not Primary Beneficiary | 9 DeKalb              
Schedule of Investments [Line Items]              
Range of ownership         5.50%    
Investments in real estate ventures         $ 5,000    
Total maximum exposure to loss $ 5,116   $ 5,116        
New Valley LLC | Variable Interest Entity, Primary Beneficiary              
Schedule of Investments [Line Items]              
Number of real estate ventures | venture 2   2        
VIE's assets $ 976   $ 976       1,387
New Valley LLC | New York City SMSA | Minimum              
Schedule of Investments [Line Items]              
Range of ownership 3.10%   3.10%        
New Valley LLC | New York City SMSA | Maximum              
Schedule of Investments [Line Items]              
Range of ownership 49.50%   49.50%        
New Valley LLC | Condominium and Mixed Use Development              
Schedule of Investments [Line Items]              
Investments in real estate ventures $ 113,496   $ 113,496       96,399
Total contributions     21,537 533      
Distributions     1,850 34,490      
Equity in earnings (losses) from real estate ventures (3,378) (473) (5,592) (4,439)      
Total maximum exposure to loss 130,918   130,918        
New Valley LLC | Condominium and Mixed Use Development | New York City SMSA              
Schedule of Investments [Line Items]              
Investments in real estate ventures 84,593   84,593       65,007
Total contributions     21,537 533      
Distributions     571 34,490      
Equity in earnings (losses) from real estate ventures (1,120) (152) (3,226) (3,613)      
Impairment of long-term investments 3,866   1,378        
Total maximum exposure to loss 89,515   89,515        
New Valley LLC | Condominium and Mixed Use Development | All other U.S. areas              
Schedule of Investments [Line Items]              
Investments in real estate ventures 28,903   28,903       $ 31,392
Distributions     1,279 0      
Equity in earnings (losses) from real estate ventures (2,258) (321) (2,366) (826)      
Impairment of long-term investments   2,700   10,174      
Total maximum exposure to loss $ 41,403   $ 41,403        
New Valley LLC | Condominium and Mixed Use Development | All other U.S. areas | Monad Terrace [Member]              
Schedule of Investments [Line Items]              
Range of ownership 17.90%   17.90%       18.00%
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%        
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%        
New Valley LLC | Apartment Buildings              
Schedule of Investments [Line Items]              
Distributions     $ 3 201      
Equity in earnings (losses) from real estate ventures $ 3 (1,717) 3 (3,297)      
New Valley LLC | Apartment Buildings | All other U.S. areas              
Schedule of Investments [Line Items]              
Distributions     3 201      
Equity in earnings (losses) from real estate ventures 3 (1,717) 3 (3,297)      
New Valley LLC | Hotels              
Schedule of Investments [Line Items]              
Investments in real estate ventures 4,585   4,585       $ 18,116
Total contributions     172 167      
Distributions     21,572 0      
Equity in earnings (losses) from real estate ventures 9,064 (779) 7,870 (2,018)      
Total maximum exposure to loss 4,585   4,585        
New Valley LLC | Hotels | New York City SMSA              
Schedule of Investments [Line Items]              
Investments in real estate ventures 2,615   2,615       15,782
Total contributions     172 167      
Distributions     21,572 0      
Equity in earnings (losses) from real estate ventures 8,942 (636) 8,234 (1,450)      
Total maximum exposure to loss $ 2,615   $ 2,615        
New Valley LLC | Hotels | New York City SMSA | Minimum              
Schedule of Investments [Line Items]              
Range of ownership 5.20%   5.20%        
New Valley LLC | Hotels | New York City SMSA | Maximum              
Schedule of Investments [Line Items]              
Range of ownership 18.40%   18.40%        
New Valley LLC | Hotels | International              
Schedule of Investments [Line Items]              
Range of ownership 49.00%   49.00%        
Investments in real estate ventures $ 1,970   $ 1,970       2,334
Equity in earnings (losses) from real estate ventures 122 (143) (364) (568)      
Total maximum exposure to loss 1,970   1,970        
New Valley LLC | Commercial              
Schedule of Investments [Line Items]              
Investments in real estate ventures 9,475   9,475       8,920
Distributions     138 341      
Equity in earnings (losses) from real estate ventures 463 792 634 755      
Total maximum exposure to loss $ 9,475   $ 9,475        
New Valley LLC | Commercial | New York City SMSA              
Schedule of Investments [Line Items]              
Range of ownership 49.00%   49.00%        
Investments in real estate ventures $ 2,121   $ 2,121       1,867
Distributions     9 0      
Equity in earnings (losses) from real estate ventures 384 (121) 263 (388)      
Total maximum exposure to loss $ 2,121   $ 2,121        
New Valley LLC | Commercial | All other U.S. areas              
Schedule of Investments [Line Items]              
Range of ownership 1.60%   1.60%        
Investments in real estate ventures $ 7,354   $ 7,354       7,053
Distributions     129 341      
Equity in earnings (losses) from real estate ventures 79 913 371 1,143      
Total maximum exposure to loss 7,354   7,354        
New Valley LLC | Other              
Schedule of Investments [Line Items]              
Investments in real estate ventures 17,210   17,210       $ 17,670
Total contributions     199 3,643      
Distributions     1,697 644      
Equity in earnings (losses) from real estate ventures 239 $ 65 1,037 327      
Total maximum exposure to loss $ 31,988   $ 31,988        
New Valley LLC | Other | Minimum              
Schedule of Investments [Line Items]              
Range of ownership 15.00%   15.00%        
New Valley LLC | Other | Maximum              
Schedule of Investments [Line Items]              
Range of ownership 50.00%   50.00%        
Douglas Elliman Realty, LLC              
Schedule of Investments [Line Items]              
Proceeds from commissions received     $ 11,223 $ 8,145