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Segment Information (Tables)
9 Months Ended
Sep. 30, 2011
Segment Information [Abstract] 
Company's combined shopping and office properties portfolios

                 
    September 30,  
    2011     2010  

Shopping centers owned

    450       493  

Unconsolidated joint ventures

    184       198  

Consolidated joint ventures

    2       3  

States (A)

    39       41  

Office properties

    5       6  

States

    3       4  

 

(A) Excludes shopping centers owned in Puerto Rico and Brazil.
Company's reportable segments

                                                 
    Three-Month Period Ended September 30, 2011  
    Other
Investments
    Shopping
Centers
          Brazil Equity
Investment
    Other     Total  

Total revenues

  $ 1,603     $ 194,845                             $ 196,448  

Operating expenses

    (408     (111,329     (A )                       (111,737
   

 

 

   

 

 

                           

 

 

 

Net operating income

    1,195       83,516                               84,711  

Unallocated expenses (B)

                                  $ (130,164     (130,164

Equity in net (loss) income of joint ventures

            (7,190           $ 4,600               (2,590
                                           

 

 

 

Loss from continuing operations

                                          $ (48,043
                                           

 

 

 

 

                                                 
    Three-Month Period Ended September 30, 2010  
    Other
Investments
    Shopping
Centers
          Brazil Equity
Investment
    Other     Total  

Total revenues

  $ 1,286     $ 191,706                             $ 192,992  

Operating expenses

    (395     (60,825     (A )                       (61,220
   

 

 

   

 

 

                           

 

 

 

Net operating income

    891       130,881                               131,772  

Unallocated expenses (B)

                                  $ (139,569     (139,569

Equity in net (loss) income of joint ventures

            (7,377           $ 2,576               (4,801
                                           

 

 

 

Loss from continuing operations

                                          $ (12,598
                                           

 

 

 

 

                                                 
    Nine-Month Period Ended September 30, 2011  
    Other
Investments
    Shopping
Centers
          Brazil Equity
Investment
    Other     Total  

Total revenues

  $ 4,380     $ 585,712                             $ 590,092  

Operating expenses

    (1,336     (253,275     (A )                       (254,611
   

 

 

   

 

 

                           

 

 

 

Net operating income

    3,044       332,437                               335,481  

Unallocated expenses (B)

                                  $ (360,713     (360,713

Equity in net income of joint ventures

            568             $ 15,383               15,951  

Impairment of joint venture investments

            (1,671                             (1,671
                                           

 

 

 

Loss from continuing operations

                                          $ (10,952
                                           

 

 

 

Total gross real estate assets

  $ 47,598     $ 8,332,090                             $ 8,379,688  
   

 

 

   

 

 

                           

 

 

 

 

                                                 
    Nine-Month Period Ended September 30, 2010  
    Other
Investments
    Shopping
Centers
          Brazil Equity
Investment
    Other     Total  

Total revenues

  $ 3,882     $ 579,632                             $ 583,514  

Operating expenses

    (1,621     (237,889     (A )                       (239,510
   

 

 

   

 

 

                           

 

 

 

Net operating income

    2,261       341,743                               344,004  

Unallocated expenses (B)

                                  $ (410,429     (410,429

Equity in net (loss) income of joint ventures

            (9,680           $ 5,903               (3,777
                                           

 

 

 

Loss from continuing operations

                                          $ (70,202
                                           

 

 

 

Total gross real estate assets

  $ 49,573     $ 8,378,529                             $ 8,428,102  
   

 

 

   

 

 

                           

 

 

 

 

(A) Includes impairment charges of $51.2 million for the three-month period ended September 30, 2011 and $68.5 million and $59.3 million for the nine-month periods ended September 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.