CONSOLIDATED STATEMENT OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Cash Flows From Operating Activities:
Net income (loss)	$ 287,398	$ 102,327	$ (79,161)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization - continuing operations	132,707	145,271	136,505
Depreciation and Amortization - Discontinued Operations	10,309	8,605	10,811
Impairment loss on marketable securities			1,666
Impairments			166,680
Provision for bad debts	2,032	3,363	2,081
Gain on sales of land and land-related rights	(519)	(2,218)
Gains on Extinguishment of Debt of Discontinued Operations	174,171
Other	13,142	11,216	11,281
Increase (decrease) in cash attributable to changes in assets and liabilities:
Receivables, restricted cash, deferred charges, and other assets	(21,211)	(21,805)	5,087
Accounts payable and other liabilities	20,479	17,849	(19,304)
Net Cash Provided By Operating Activities	270,166	264,608	235,646
Cash Flows From Investing Activities:
Additions to properties	(69,443)	(72,152)	(54,592)
Funding of development project	(20,882)
Refund of Mall at Studio City escrow			54,334
Proceeds from sales of land	3,728	3,060
Additions to restricted cash	(289,389)
Investment in TCBL	11,523
Issuances of notes receivable		(2,948)	(7,160)
Repayments of notes receivable	1,544	1,623	4,500
Contributions to Unconsolidated Joint Ventures	(875)	(7,261)	(28,718)
Distributions from Unconsolidated Joint Ventures in excess of income	17,639	32,836	36,903
Other	861		985
Net Cash Provided By (Used In) Investing Activities	(368,340)	(44,842)	6,252
Cash Flows From Financing Activities:
Debt proceeds	536,648	213,500	978
Debt payments	(334,017)	(243,885)	(106,026)
Debt issuance costs	(8,830)	(2,943)
Issuance of Common Stock, net of offering costs	111,956
Issuance of common stock and/or partnership units in connection with incentive plans	2,593	2,532	14,737
Distributions to noncontrolling interests	(94,113)	(67,468)	(65,810)
Distributions to participating securities of TRG	(1,536)	(1,635)	(1,560)
Contributions from noncontrolling interests	32,211
Redemption of Series F Preferred Equity	(27,000)
Cash dividends to preferred shareowners	(14,634)	(14,634)	(14,634)
Cash dividends to common shareowners	(100,286)	(101,890)	(110,492)
Other	(76)	(228)	(2,103)
Net Cash Provided By (Used In) Financing Activities	102,916	(216,651)	(284,910)
Net Increase (Decrease) In Cash and Cash Equivalents	4,742	3,115	(43,012)
Cash and Cash Equivalents at Beginning of Period	19,291	16,176	59,188
Cash and Cash Equivalents at End of Period	$ 24,033	$ 19,291	$ 16,176