CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2011	Dec. 31, 2010
ASSETS
Commercial properties	$ 7,181,986	$ 7,259,225
Hotel, club and spa facility	3,552,216	3,649,217
Marina properties	1,999,626	2,110,445
Land held for development	27,689	27,689
Total investment properties, net	12,761,517	13,046,576
Cash and cash equivalents	3,449,015	3,618,200
Cash and cash equivalents-restricted		2,379,947
Investments in marketable securities	1,923,382	2,093,109
Other investments	3,709,571	3,769,417
Investment in affiliate	2,834,264	2,813,634
Loans, notes and other receivables	537,099	742,411
Notes and advances due from related parties	703,100	698,341
Deferred taxes	530,000	480,000
Goodwill	5,628,627	5,628,627
Other assets	640,752	657,541
TOTAL ASSETS	32,717,327	35,927,803
Mortgages and notes payable	14,909,158	17,509,155
Accounts payable, accrued expenses and other liabilities	854,248	894,894
Interest rate swap contract payable	1,380,000	1,462,000
TOTAL LIABILITIES	17,143,406	19,866,049
Additional paid-in capital	24,313,341	24,313,341
Less: Treasury stock at cost (13,529 shares as of June 30, 2011 and December 31, 2010)	(60,388)	(60,388)
Undistributed gains from sales of properties, net of losses	41,572,120	41,572,120
Undistributed losses from operations	(53,832,005)	(53,443,832)
Accumulated other comprehensive loss	(690,000)	(731,000)
Total stockholders’ equity	12,327,023	12,674,196
Non controlling interest	3,246,898	3,387,558
TOTAL EQUITY	15,573,921	16,061,754
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	32,717,327	35,927,803
Common Class A [Member]
ASSETS
Common Stock	0	0
Common Stock [Member]
ASSETS
Common Stock	$ 1,023,955	$ 1,023,955