Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Operating Activities
Net income	$ 3,650	$ 4,936
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,657	2,836
Amortization of premium/discount of marketable securities	596	682
Equity in earnings of unconsolidated joint ventures	(3,293)	(2,920)
Non-cash retirement plan expense	1,074	487
Gain on sale of real estate/assets	0	(50)
Deferred income taxes	0	210
Stock compensation expense	2,485	401
Changes in operating assets and liabilities:
Receivables, inventories and other assets, net	(1,395)	(2,260)
Current liabilities	(2,017)	703
Net cash provided by operating activities	4,757	5,025
Investing Activities
Maturities and sales of marketable securities	12,031	20,364
Funds invested in marketable securities	(6,142)	(20,837)
Property and equipment expenditures	(16,953)	(15,789)
Reimbursement of outlet center costs	0	512
Reimbursement proceeds from Communities Facilities District	0	14,139
Investment in unconsolidated joint ventures	(9,632)	(2,899)
Purchase of interest in DMB TMV LLC	(10,000)	0
Investments in long-term water assets	(482)	(2,315)
Other	77	(200)
Net cash used in investing activities	(31,101)	(7,025)
Financing Activities
Borrowings of short-term debt	28,200	0
Repayments of short-term debt	(8,000)	0
Borrowings of long-term debt	0	4,750
Repayments of long-term debt	(182)	(253)
Proceeds from exercise of stock options	0	211
Taxes on vested stock grants	(669)	(845)
Net cash provided by financing activities	19,349	3,863
(Decrease) increase in cash and cash equivalents	(6,995)	1,863
Cash and cash equivalents at beginning of year	9,031	7,219
Cash and cash equivalents at end of period	2,036	9,082
Supplemental cash flow information
Accrued capital expenditures included in current liabilities	$ 309	$ 73