CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Commercial properties	$ 7,057,005	$ 7,259,225
Hotel, club and spa facility	3,447,870	3,649,217
Marina properties	1,893,452	2,110,445
Land held for development	27,689	27,689
Total investment properties, net	12,426,016	13,046,576
Cash and cash equivalents	2,366,363	3,618,200
Cash and cash equivalents-restricted		2,379,947
Investments in marketable securities	2,019,476	2,093,109
Other investments	3,745,327	3,769,417
Investment in affiliate	2,686,887	2,813,634
Loans, notes and other receivables	683,998	742,411
Notes and advances due from related parties	696,909	698,341
Deferred taxes	632,000	480,000
Goodwill	5,628,627	5,628,627
Other assets	710,227	657,541
TOTAL ASSETS	31,595,830	35,927,803
LIABILITIES
Mortgages and notes payable	14,531,833	17,509,155
Accounts payable, accrued expenses and other liabilities	740,618	894,894
Interest rate swap contract payable	1,975,000	1,462,000
TOTAL LIABILITIES	17,247,451	19,866,049
STOCKHOLDERS' EQUITY
Additional paid-in capital	24,366,099	24,313,341
Less: Treasury stock at cost (13,529 shares as of December 31, 2011 and 2010)	(60,388)	(60,388)
Undistributed gains from sales of properties, net of losses	41,572,120	41,572,120
Undistributed losses from operations	(54,383,928)	(53,443,832)
Accumulated other comprehensive loss	(987,500)	(731,000)
Total stockholders' equity	11,530,358	12,674,196
Non controlling interest	2,818,021	3,387,558
TOTAL EQUITY	14,348,379	16,061,754
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	31,595,830	35,927,803
Common Stock [Member]
STOCKHOLDERS' EQUITY
Common stock value issued	$ 1,023,955	$ 1,023,955