Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Operating Activities
Net income	$ 1,979	$ 2,633
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	2,449	1,767
Amortization of premium/discount of marketable securities	392	459
Equity in earnings of unconsolidated joint ventures	(1,586)	(1,679)
Non-cash retirement plan expense	851	325
Stock compensation expense	1,562	(568)
Changes in operating assets and liabilities:
Receivables, inventories and other assets, net	521	643
Current liabilities, net	(4,040)	(948)
Net cash provided by operating activities	2,128	2,632
Investing Activities
Maturities and sales of marketable securities	8,352	14,066
Funds invested in marketable securities	(6,142)	(14,844)
Property and equipment expenditures	(11,479)	(10,653)
Reimbursement of outlet center costs	0	512
Reimbursement proceeds from Communities Facilities District	0	14,139
Investment in unconsolidated joint ventures	(9,532)	(1,375)
Investments in long-term water assets	(482)	(437)
Other	453	(127)
Net cash provided by (used in) investing activities	(18,830)	1,281
Financing Activities
Borrowings of short-term debt	14,700	0
Repayments of short-term debt	(4,500)	(20)
Repayments of long-term debt	(116)	0
Proceeds from exercise of stock options	0	211
Taxes on vested stock grants	(515)	(845)
Net cash provided by (used in) financing activities	9,569	(654)
Increase (decrease) in cash and cash equivalents	(7,133)	3,259
Cash and cash equivalents at beginning of year	9,031	7,219
Cash and cash equivalents at end of period	1,898	10,478
Supplemental cash flow information
Accrued capital expenditures included in current liabilities	$ 1,183	$ 1,122