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Segment Information
 6 Months Ended
Jun. 30, 2011
Segment Reporting [Abstract]  
SEGMENT INFORMATION
15. SEGMENT INFORMATION
     The Company has three reportable operating segments, shopping centers, Brazil equity investment and other investments. Each consolidated shopping center is considered a separate operating segment; however, each shopping center on a stand-alone basis represents less than 10% of the revenues, profit or loss, and assets of the combined reported operating segment and meets the majority of the aggregation criteria under the applicable standard. The following table summarizes the Company’s shopping and office properties, including those located in Brazil:
                 
    June 30,  
    2011     2010  
Shopping centers owned
    458       533  
Unconsolidated joint ventures
    183       201  
Consolidated joint ventures
    3       29  
States (A)
    39       42  
Office properties
    5       6  
States
    3       4  
 
(A)   Excludes shopping centers owned in Puerto Rico and Brazil.
     The tables below present information about the Company’s reportable segments (in thousands):
                                         
    Three-Month Period Ended June 30, 2011  
    Other     Shopping     Brazil Equity              
    Investments     Centers     Investment     Other     Total  
Total revenues
  $ 1,355     $ 197,140                     $ 198,495  
Operating expenses
    (447 )     (81,742 )(A)                     (82,189 )
 
                                 
Net operating income
    908       115,398                       116,306  
Unallocated expenses (B)
                          $ (137,692 )     (137,692 )
Equity in net income of joint ventures and impairment of joint ventures
            9,100     $ 5,831               14,931  
 
                                     
Loss from continuing operations
                                  $ (6,455 )
 
                                     
                                         
    Three-Month Period Ended June 30, 2010  
    Other     Shopping     Brazil Equity              
    Investments     Centers     Investment     Other     Total  
Total revenues
  $ 1,177     $ 195,423                     $ 196,600  
Operating expenses
    (478 )     (135,138 )(A)                     (135,616 )
 
                                 
Net operating income
    699       60,285                       60,984  
Unallocated expenses (B)
                          $ (115,691 )     (115,691 )
Equity in net income of joint ventures
            (2,409 )   $ 1,786               (623 )
 
                                     
Loss from continuing operations
                                  $ (55,330 )
 
                                     
                                         
            Six-Month Period Ended June 30, 2011        
    Other     Shopping     Brazil Equity              
    Investments     Centers     Investment     Other     Total  
Total revenues
  $ 2,777     $ 396,901                     $ 399,678  
Operating expenses
    (928 )     (149,454 )(A)                     (150,382 )
 
                                 
Net operating income
    1,849       247,447                       249,296  
Unallocated expenses (B)
                          $ (234,873 )     (234,873 )
Equity in net income of joint ventures and impairment of joint ventures
            6,087     $ 10,783               16,870  
 
                                     
Income from continuing operations
                                  $ 31,293  
 
                                     
Total gross real estate assets
  $ 47,483     $ 8,371,947                     $ 8,419,430  
 
                                 
                                         
    Six-Month Period Ended June 30, 2010  
    Other     Shopping     Brazil Equity              
    Investments     Centers     Investment     Other     Total  
Total revenues
  $ 2,596     $ 394,535                     $ 397,131  
Operating expenses
    (1,226 )     (195,580 )(A)                     (196,806 )
 
                                 
Net operating income
    1,370       198,955                       200,325  
Unallocated expenses (B)
                          $ (275,640 )     (275,640 )
Equity in net income of joint ventures
            (2,304 )   $ 3,327               1,023  
 
                                     
Loss from continuing operations
                                  $ (74,292 )
 
                                     
Total gross real estate assets
  $ 49,907     $ 8,585,380                     $ 8,635,287  
 
                                 
 
(A)   Includes impairment charges of $18.4 million and $75.0 million for the three-month periods ended June 30, 2011 and 2010, respectively, and $22.2 million and $75.0 million for the six-month periods ended June 30, 2011 and 2010, respectively.
 
(B)   Unallocated expenses consist of general and administrative, depreciation and amortization, other income/expense and tax benefit/expense as listed in the condensed consolidated statements of operations.