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Investment in 111 West 57th Partners LLC (Tables)
 6 Months Ended
Jun. 30, 2013
Investment in 111 West 57th Partners LLC [Abstract]  
Equity Method Investments [Table Text Block]
The following table presents summarized financial information for the Company's equity method investment in 111 West 57th Partners.  The amounts shown represent 100% of the financial position and results of operations of 111 West 57th Partners from the date of investment through June 30, 2013.
(in thousands)
Assets:
 
June 30,
2013
 
Real estate held for development, net
 
$
243,405
 
Escrow deposits
 
 
57,995
 
Other assets
 
 
22,497
 
Total assets
 
$
323,897
 
Liabilities:
 
 
 
 
Mortgage payable
 
$
230,000
 
Accounts payable
 
 
354
 
Total liabilities
 
 
230,354
 
Equity:
 
 
 
 
Total equity
 
 
93,543
 
Total liabilities and  equity
 
$
323,897
 

(in thousands)
 
Second Quarter Ended
June 30, 2013
 
 
Six Months Ended
June 30, 2013
 
Rental income
 
$
15
 
 
$
15
 
Expenses
 
 
35
 
 
 
35
 
Net income (loss)
 
$
(20
)
 
$
(20
)