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Investment in 111 West 57th Partners LLC (Tables)
 9 Months Ended
Sep. 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 for the three months ended September 30, 2013 and from June 28, 2013, (date of investment), through September 30, 2013.

(in thousands)
Assets:
 
September 30,
2013
 
Real estate held for development, net
 
$
254,030
 
Escrow deposits
 
 
44,125
 
Other assets
 
 
27,214
 
Total assets
 
$
325,369
 
Liabilities:
 
 
 
 
Mortgage payable
 
$
230,000
 
Accounts payable
 
 
2,301
 
Total liabilities
 
 
232,301
 
Equity:
 
 
 
 
Total equity
 
 
93,068
 
Total liabilities and  equity
 
$
325,369
 

(in thousands)
 
Three Months
Ended
September 30, 2013
 
 
June 28, 2013, (date of investment), through
September 30, 2013
 
Rental income
 
$
584
 
 
$
599
 
Expenses
 
 
1,059
 
 
 
1,094
 
Net income (loss)
 
$
(475
)
 
$
(495
)