The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AIR LEASE CORP CL A 00912X302 9,408 274,210 SH   SOLE   274,210 0 0
AMERICAN EXPRESS CO COM 025816109 203 2,185 SH   SOLE   2,185 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,133 20,235 SH   SOLE   20,235 0 0
AMGEN INC COM 031162100 468 2,936 SH   SOLE   2,936 0 0
Anheuser Busch Companies Incor American Depository Receipts ADRs 035229103 7,510 66,865 SH   SOLE   66,865 0 0
APPLE INC COM 037833100 218 1,975 SH   SOLE   1,975 0 0
BANK AMER CORP COM 060505104 11,102 620,560 SH   SOLE   620,560 0 0
BANK NEW YORK MELLON CORP COM 064058100 12,827 316,180 SH   SOLE   316,180 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 13,052 86,926 SH   SOLE   86,926 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 17,206 343,230 SH   SOLE   343,230 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 3,242 77,435 SH   SOLE   77,435 0 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 6,979 305,157 SH   SOLE   305,157 0 0
Canadian Oil Sands Limited CAN Foreign Equity 13643E105 255 28,476 SH   SOLE   28,476 0 0
Cheung Kong Hldgs Limited Adr American Depository Receipts ADRs 166744201 458 27,280 SH   SOLE   27,280 0 0
Cheung Kong Holdings Limited O Foreign Equity Y13213106 12,267 729,000 SH   SOLE   729,000 0 0
CHEVRON CORP NEW COM 166764100 301 2,687 SH   SOLE   2,687 0 0
CHURCH & DWIGHT INC COM 171340102 262 3,330 SH   SOLE   3,330 0 0
CISCO SYS INC COM 17275R102 9,279 333,580 SH   SOLE   333,580 0 0
COCA COLA CO COM 191216100 260 6,162 SH   SOLE   6,162 0 0
COMCAST CORP NEW CL A SPL 20030N200 4,683 81,343 SH   SOLE   81,343 0 0
CONSOLIDATED TOMOKA LD CO COM 210226106 596 10,685 SH   SOLE   10,685 0 0
DEVON ENERGY CORP NEW COM 25179M103 10,973 179,264 SH   SOLE   179,264 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 7,313 64,100 SH   SOLE   64,100 0 0
DISNEY WALT CO COM DISNEY 254687106 435 4,615 SH   SOLE   4,615 0 0
DOVER CORP COM 260003108 222 3,100 SH   SOLE   3,100 0 0
EBAY INC COM 278642103 5,463 97,345 SH   SOLE   97,345 0 0
EMERSON ELEC CO COM 291011104 235 3,800 SH   SOLE   3,800 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 660 7,800 SH   SOLE   7,800 0 0
FRANKLIN RES INC COM 354613101 3,827 69,120 SH   SOLE   69,120 0 0
GENERAL ELECTRIC CO COM 369604103 6,274 248,281 SH   SOLE   248,281 0 0
GOOGLE INC CL A 38259P508 801 1,509 SH   SOLE   1,509 0 0
GOOGLE INC CL C 38259P706 753 1,431 SH   SOLE   1,431 0 0
GRAHAM HLDGS CO COM 384637104 3,951 4,575 SH   SOLE   4,575 0 0
HOWARD HUGHES CORP COM 44267D107 11,899 91,235 SH   SOLE   91,235 0 0
ILLINOIS TOOL WKS INC COM 452308109 379 4,000 SH   SOLE   4,000 0 0
INTERNATIONAL SPEEDWAY CORP CL A 460335201 5,401 170,655 SH   SOLE   170,655 0 0
ISHARES INTL DEVPPTY ETF 464288422 694 19,156 SH   SOLE   19,156 0 0
ISHARES US OIL&GS EX ETF 464288851 349 4,890 SH   SOLE   4,890 0 0
JOHNSON & JOHNSON COM 478160104 516 4,933 SH   SOLE   4,933 0 0
MADISON SQUARE GARDEN CO CL A 55826P100 5,803 77,105 SH   SOLE   77,105 0 0
MICROSOFT CORP COM 594918104 14,863 319,985 SH   SOLE   319,985 0 0
Nestle S A Sponsored Adr SWITZ American Depository Receipts ADRs 641069406 10,111 138,598 SH   SOLE   138,598 0 0
NEWS CORP NEW CL A 65249B109 3,265 208,080 SH   SOLE   208,080 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 441 8,500 SH   SOLE   8,500 0 0
ORACLE CORP COM 68389X105 10,052 223,522 SH   SOLE   223,522 0 0
PEPSICO INC COM 713448108 6,704 70,898 SH   SOLE   70,898 0 0
PRAXAIR INC COM 74005P104 308 2,380 SH   SOLE   2,380 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 445 6,646 SH   SOLE   6,646 0 0
Swatch Group Ag Akt SWITZERLAN Foreign Equity H83949141 4,752 10,577 SH   SOLE   10,577 0 0
Thai Bev Public Company Limite Foreign Equity Y8588A103 9 18,879 SH   SOLE   18,879 0 0
Trinity Pl Hldgs Incorporated Common Stock 89656D101 200 28,550 SH   SOLE   28,550 0 0
UNION PAC CORP COM 907818108 317 2,660 SH   SOLE   2,660 0 0
UNITED TECHNOLOGIES CORP COM 913017109 231 2,012 SH   SOLE   2,012 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 1,257 11,860 SH   SOLE   11,860 0 0
VANGUARD WORLD FDS INF TECH ETF 92204A702 8,518 81,527 SH   SOLE   81,527 0 0
VARIAN MED SYS INC COM 92220P105 260 3,000 SH   SOLE   3,000 0 0
WELLS FARGO & CO NEW COM 949746101 13,792 251,584 SH   SOLE   251,584 0 0
WILLIAMS COS INC DEL COM 969457100 9,802 218,113 SH   SOLE   218,113 0 0