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MORTGAGES, NOTES AND LOANS PAYABLE (Details) (USD $)
6 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended
Jun. 30, 2012
Dec. 31, 2011
Apr. 30, 2012
Ala Moana Center
Jun. 30, 2012
Ala Moana Center
Apr. 02, 2012
Ala Moana Center
Jun. 30, 2012
The Grand Canal Shoppes and The Shoppes at The Palazzo
Jun. 06, 2012
The Grand Canal Shoppes and The Shoppes at The Palazzo
Jun. 06, 2012
The Grand Canal Shoppes
Jun. 30, 2012
The Shoppes at the Palazzo
Jun. 06, 2012
The Shoppes at the Palazzo
Jun. 30, 2012
GGP Capital Trust I
Jun. 30, 2012
Collateralized mortgages, notes and loans payable
Dec. 31, 2011
Collateralized mortgages, notes and loans payable
Jun. 30, 2012
Corporate and other unsecured term loans
Dec. 31, 2011
Corporate and other unsecured term loans
Jun. 30, 2012
Junior Subordinated Notes due 2041
Jun. 30, 2012
Bonds payable
Dec. 31, 2011
Bonds payable
Sep. 30, 2012
Bonds payable
Debt instrument expected to be repaid
Jun. 30, 2012
Bonds payable
Minimum
Jun. 30, 2012
Bonds payable
Maximum
Jun. 30, 2012
Revolving credit facility, (the "Facility")
Apr. 30, 2012
Revolving credit facility, (the "Facility")
Jun. 30, 2012
Note payable maturing in 2015
Mortgages, notes and loans payable                                                
Fixed-rate debt $ 14,403,203,000 $ 14,795,370,000                   $ 12,710,990,000 $ 13,091,080,000 $ 1,692,213,000 $ 1,704,290,000                  
Variable-rate debt 1,876,117,000 2,347,644,000                   1,876,117,000 2,347,644,000                      
Total mortgages, notes and loans payable 16,279,320,000 17,143,014,000                                            
Junior Subordinated Notes 206,200,000 206,200,000                                            
Weighted-average interest rate (as a percent)                       5.00% 5.13% 6.21% 6.18%                  
Land, buildings and equipment and developments in progress (before accumulated depreciation) pledged as collateral                       21,680,000,000                        
Secured debt, cross-collateralized with other properties                       2,390,000,000                        
Long-term debt                       14,590,000,000         1,650,000,000 1,650,000,000 349,500,000          
Amount of recourse fixed and variable rate debt                       1,600,000,000                        
Closing of secured financing     1,400,000,000     625,000,000                                    
Interest rate (as a percent)       5.59% 4.23%   4.24% 4.78%                       5.38% 7.20%     4.41%
Previous borrowing capacity         1,290,000,000     368,100,000   239,000,000                            
Issuance of trust preferred securities                     200,000,000                          
Common securities issued to GGLP                     6,200,000                          
Purchase of Junior Subordinated Notes                     206,200,000                          
Maximum borrowing capacity                                             1,000,000,000  
Variable rate basis LIBOR               LIBOR   LIBOR         LIBOR           LIBOR    
Basis spread on variable rate (as a percent)                   3.00%           1.45%           2.25%    
Maturity amount of loan                 238,700,000                              
Gain on extinguishment of debt 9,911,000   110,000,000           18,700,000                              
Note payable                                               22,300,000
Trust Preferred Securities, basis spread on variable rate                     1.45%                          
Outstanding letter of credit and surety bonds 19,600,000 19,100,000                                            
Market rate adjustment excluded from corporate and other unsecured loans $ 19,900,000