OTHER LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2016

Accounts Payable and Accrued Liabilities, Current [Abstract]

Summary of the significant components of accounts payable and accrued expenses, net

ACCOUNTS PAYABLE AND ACCRUED EXPENSES, NET

The following table summarizes the significant components of accounts payable and accrued expenses, net:

	March 31, 2016		December 31, 2015
	(In thousands)
Below-market tenant leases, net (Note 2)	$	39,419	$	42,592
Construction payable	36,582		47,572
Accounts payable and accrued expenses	9,799		8,096
Accrued payroll and employee liabilities	9,367		7,778
Accrued real estate taxes	8,463		8,773
Accrued interest	7,378		6,868
Asset retirement obligation liability	6,154		6,085
Derivative liability	4,274		677
Deferred income	3,880		5,420
Tenant and other deposits	1,659		1,706
Accrued dividend	—		10,472
Other	1,017		1,249
Total accounts payable and accrued expenses, net	$	127,992	$	147,288

The following table summarizes the significant components of accounts payable and accrued expenses, net:

	March 31, 2016		December 31, 2015
	(In thousands)
Below-market tenant leases, net (Note 2)	$	39,419	$	42,592
Construction payable	36,582		47,572
Accounts payable and accrued expenses	9,799		8,096
Accrued payroll and employee liabilities	9,367		7,778
Accrued real estate taxes	8,463		8,773
Accrued interest	7,378		6,868
Asset retirement obligation liability	6,154		6,085
Derivative liability	4,274		677
Deferred income	3,880		5,420
Tenant and other deposits	1,659		1,706
Accrued dividend	—		10,472
Other	1,017		1,249
Total accounts payable and accrued expenses, net	$	127,992	$	147,288