CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2012	Dec. 31, 2011
Investment properties, net of accumulated depreciation:
Commercial properties	$ 6,979,897	$ 7,057,005
Hotel, club and spa facility	3,394,318	3,447,870
Marina properties	1,893,482	1,893,452
Land held for development	27,689	27,689
Total investment properties, net	12,295,386	12,426,016
Cash and cash equivalents	2,920,962	2,366,363
Investments in marketable securities	1,910,947	2,019,476
Other investments	3,675,345	3,745,327
Investment in affiliate	2,704,070	2,686,887
Loans, notes and other receivables	674,169	683,998
Notes and advances due from related parties	700,772	696,909
Deferred taxes	636,000	632,000
Goodwill	5,628,627	5,628,627
Other assets	559,262	710,227
TOTAL ASSETS	31,705,540	31,595,830
LIABILITIES
Mortgages and notes payable	14,417,903	14,531,833
Accounts payable, accrued expenses and other liabilities	774,860	740,618
Interest rate swap contract payable	1,837,000	1,975,000
TOTAL LIABILITIES	17,029,763	17,247,451
STOCKHOLDERS’ EQUITY
Additional paid-in capital	24,370,584	24,366,099
Less: Treasury stock at cost (13,529 shares as of March 31, 2012 and December 31, 2011)	(60,388)	(60,388)
Undistributed gains from sales of properties, net of losses	41,572,120	41,572,120
Undistributed losses from operations	(54,315,307)	(54,383,928)
Accumulated other comprehensive loss	(918,500)	(987,500)
Total stockholders’ equity	11,672,464	11,530,358
Non controlling interest	3,003,313	2,818,021
TOTAL EQUITY	14,675,777	14,348,379
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	31,705,540	31,595,830
Common Class A [Member]
STOCKHOLDERS’ EQUITY
Common Stock	0	0
Common Stock [Member]
STOCKHOLDERS’ EQUITY
Common Stock	$ 1,023,955	$ 1,023,955