CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2011	Dec. 31, 2010
ASSETS
Commercial properties	$ 6,900,653	$ 7,259,225
Hotel, club and spa facility	3,501,097	3,649,217
Marina properties	2,117,946	2,110,445
Land held for development	27,689	27,689
Total investment properties, net	12,547,385	13,046,576
Cash and cash equivalents	2,916,630	3,618,200
Cash and cash equivalents-restricted		2,379,947
Investments in marketable securities	1,886,678	2,093,109
Other investments	3,716,589	3,769,417
Investment in affiliate	2,843,573	2,813,634
Loans, notes and other receivables	557,020	742,411
Notes and advances due from related parties	705,587	698,341
Deferred taxes	760,000	480,000
Goodwill	5,628,627	5,628,627
Other assets	710,259	657,541
TOTAL ASSETS	32,272,348	35,927,803
Mortgages and notes payable	14,798,271	17,509,155
Accounts payable, accrued expenses and other liabilities	792,827	894,894
Interest rate swap contract payable	1,976,000	1,462,000
TOTAL LIABILITIES	17,567,098	19,866,049
Additional paid-in capital	24,361,987	24,313,341
Less: Treasury stock at cost (13,529 shares as of September 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	(54,062,038)	(53,443,832)
Accumulated other comprehensive loss	(988,000)	(731,000)
Total stockholders’ equity	11,847,636	12,674,196
Non controlling interest	2,857,614	3,387,558
TOTAL EQUITY	14,705,250	16,061,754
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	32,272,348	35,927,803
Common Class A [Member]
ASSETS
Common Stock	0	0
Common Stock [Member]
ASSETS
Common Stock	$ 1,023,955	$ 1,023,955