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Disclosure - COMMITMENTS AND CONTINGENCIES (Minimum Rentals Under Non-Cancelable Operating Leases) (Details) link:presentationLink link:calculationLink link:definitionLink 41101 - Disclosure - OTHER ASSETS AND LIABILITIES (Details) link:presentationLink link:calculationLink link:definitionLink 41201 - Disclosure - INTANGIBLES (Details) link:presentationLink link:calculationLink link:definitionLink 41401 - Disclosure - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Schedule of Changes in Accumulated Other Comprehensive Income) (Details) link:presentationLink link:calculationLink link:definitionLink 41402 - Disclosure - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Summary of Amounts Reclassified Out of AOCI) (Details) link:presentationLink link:calculationLink link:definitionLink 41701 - Disclosure - SEGMENTS (Summary of Segment Operating Results) (Details) link:presentationLink link:calculationLink link:definitionLink 41702 - Disclosure - SEGMENTS (Reconciliation of REP EBT to Income (Loss) Before Taxes) (Details) link:presentationLink link:calculationLink link:definitionLink 41901 - Disclosure - Schedule III - REAL ESTATE AND ACCUMLATED DEPRECIATION - Information by property (Details) link:presentationLink link:calculationLink link:definitionLink 00090 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00105 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00305 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00400 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF EQUITY link:presentationLink link:calculationLink link:definitionLink 00405 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 10101 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 10201 - Disclosure - EARNINGS PER SHARE link:presentationLink link:calculationLink link:definitionLink 10301 - Disclosure - SPONSORS AND MANAGEMENT WARRANTS link:presentationLink link:calculationLink link:definitionLink 10401 - Disclosure - ACQUISITIONS AND DISPOSITIONS link:presentationLink link:calculationLink link:definitionLink 10501 - Disclosure - REAL ESTATE AND OTHER AFFILIATES link:presentationLink link:calculationLink link:definitionLink 10601 - Disclosure - IMPAIRMENT link:presentationLink link:calculationLink link:definitionLink 10701 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS link:presentationLink link:calculationLink link:definitionLink 10801 - Disclosure - MORTGAGES, NOTES AND LOANS PAYABLE link:presentationLink link:calculationLink link:definitionLink 10901 - Disclosure - INCOME TAXES link:presentationLink link:calculationLink link:definitionLink 11001 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 11101 - Disclosure - OTHER ASSETS AND LIABILITIES link:presentationLink link:calculationLink link:definitionLink 11201 - Disclosure - INTANGIBLES link:presentationLink link:calculationLink link:definitionLink 11301 - Disclosure - DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES link:presentationLink link:calculationLink link:definitionLink 11401 - Disclosure - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) link:presentationLink link:calculationLink link:definitionLink 11501 - Disclosure - STOCK-BASED PLANS link:presentationLink link:calculationLink link:definitionLink 11601 - Disclosure - RENTALS UNDER OPERATING LEASES link:presentationLink link:calculationLink link:definitionLink 11701 - Disclosure - SEGMENTS link:presentationLink link:calculationLink link:definitionLink 11801 - Disclosure - QUARTERLY FINANCIAL INFORMATION (UNAUDITED) link:presentationLink link:calculationLink link:definitionLink 11901 - Disclosure - SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION link:presentationLink link:calculationLink link:definitionLink 20201 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 30203 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) link:presentationLink link:calculationLink link:definitionLink 30403 - Disclosure - EARNINGS PER SHARE (Tables) link:presentationLink link:calculationLink link:definitionLink 30503 - Disclosure - REAL ESTATE AND OTHER AFFILIATES (Tables) link:presentationLink link:calculationLink link:definitionLink 30703 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) link:presentationLink link:calculationLink link:definitionLink 30803 - Disclosure - MORTGAGES, NOTES AND LOANS PAYABLE (Tables) link:presentationLink link:calculationLink link:definitionLink 30903 - Disclosure - INCOME TAXES (Tables) link:presentationLink link:calculationLink link:definitionLink 31003 - Disclosure - COMMITMENTS AND CONTINGENCIES (Tables) link:presentationLink link:calculationLink link:definitionLink 31103 - Disclosure - OTHER ASSETS AND LIABILITIES (Tables) link:presentationLink link:calculationLink link:definitionLink 31203 - Disclosure - INTANGIBLES (Tables) link:presentationLink link:calculationLink link:definitionLink 31303 - Disclosure - DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) link:presentationLink link:calculationLink link:definitionLink 31403 - Disclosure - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) link:presentationLink link:calculationLink link:definitionLink 31503 - Disclosure - STOCK-BASED PLANS (Tables) link:presentationLink link:calculationLink link:definitionLink 31603 - Disclosure - RENTALS UNDER OPERATING LEASES (Tables) link:presentationLink link:calculationLink link:definitionLink 31703 - Disclosure - SEGMENTS (Tables) link:presentationLink link:calculationLink link:definitionLink 31803 - Disclosure - QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables) link:presentationLink link:calculationLink link:definitionLink 40102 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Depreciation) (Details) link:presentationLink link:calculationLink link:definitionLink 40103 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Acquisitions) (Details) link:presentationLink link:calculationLink link:definitionLink 40104 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Receivables and Taxes) (Details) link:presentationLink link:calculationLink link:definitionLink 40105 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Deferred Expenses) (Details) link:presentationLink link:calculationLink link:definitionLink 40202 - Disclosure - EARNINGS PER SHARE - Antidilutive Securities (Details) link:presentationLink link:calculationLink link:definitionLink 40301 - Disclosure - SPONSORS AND MANAGEMENT WARRANTS (Details) link:presentationLink link:calculationLink link:definitionLink 40401 - Disclosure - ACQUISITIONS AND DISPOSITIONS (Acquisitions) (Details) link:presentationLink link:calculationLink link:definitionLink 40402 - Disclosure - ACQUISITIONS AND DISPOSITIONS (Rio West Disposal) (Details) link:presentationLink link:calculationLink link:definitionLink 40501 - Disclosure - REAL ESTATE AND OTHER AFFILIATES (Details) link:presentationLink link:calculationLink link:definitionLink 40601 - Disclosure - IMPAIRMENT (Details) link:presentationLink link:calculationLink link:definitionLink 40701 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Assets and Liabiliites Measured on a Recurring Basis) (Details) link:presentationLink link:calculationLink link:definitionLink 40702 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Reconciliation of Warrants Using Level 3 Inputs) (Details) link:presentationLink link:calculationLink link:definitionLink 40703 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Assets and Liabiliites Measured on a Nonrecurring Basis) (Details) link:presentationLink link:calculationLink link:definitionLink 40802 - Disclosure - MORTGAGES, NOTES AND LOANS PAYABLE - (Schedule of Debt by Property) (Details) link:presentationLink link:calculationLink link:definitionLink 41002 - Disclosure - COMMITMENTS AND CONTINGENCIES (Summary of South Street Seaport Contingencies) (Details) link:presentationLink link:calculationLink link:definitionLink 41301 - Disclosure - DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) link:presentationLink link:calculationLink link:definitionLink 41302 - Disclosure - DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Schedule of Financial Instruments Included in Balance Sheet) (Details) link:presentationLink link:calculationLink link:definitionLink 41303 - Disclosure - DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Impact of Financial Instruments on Statement of Operations) (Details) link:presentationLink link:calculationLink link:definitionLink 41501 - Disclosure - STOCK-BASED PLANS (Details) link:presentationLink link:calculationLink link:definitionLink 41502 - Disclosure - STOCK-BASED PLANS (Summary of Restricted Stock Activity) (Details) link:presentationLink link:calculationLink link:definitionLink 41601 - Disclosure - RENTALS UNDER OPERATING LEASES (Details) link:presentationLink link:calculationLink link:definitionLink 41703 - Disclosure - SEGMENTS (Reconciliation of Segment Revenue to Consolidated Revenue) (Details) link:presentationLink link:calculationLink link:definitionLink 41704 - Disclosure - SEGMENTS (Summary of Assets by Segment and Reconciliation of Segment Assets to Total Assets) (Details) link:presentationLink link:calculationLink link:definitionLink 41801 - Disclosure - QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) link:presentationLink link:calculationLink link:definitionLink 41902 - Disclosure - Schedule III - REAL ESTATE AND ACCUMLATED DEPRECIATION (Reconciliation of Real Estate and Accumulated Depreciation) (Details) link:presentationLink link:calculationLink link:definitionLink