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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 674,993 $ 81,046 $ 67,445
Adjustments to reconcile net income to net cash provided by operating activities:      
Net gain on sale of real estate (599,628) 0 0
Depreciation and amortization, including amortization of debt issuance costs 36,363 37,086 34,849
Straight-lining of rental income (4,475) (12,609) (15,182)
Stock-based compensation expense 300 300 0
Reversal of income tax liability 0 (2,561) (5,113)
Other non-cash adjustments 0 0 1,238
Changes in operating assets and liabilities:      
Tenant and other receivables, net 234 1,672 (2,065)
Other assets 4,318 (5,484) (6,068)
Amounts due to Vornado (2,405) (2,445) (12,881)
Accounts payable and accrued expenses (107) (4,547) 13,273
Income tax liability of taxable REIT subsidiary 29 87 704
Other liabilities 85 (31) (178)
Net cash provided by operating activities 109,707 92,514 76,022
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from sale of real estate 714,054 0 0
Construction in progress and real estate additions (7,351) (14,415) (42,310)
Proceeds from maturing short-term investments 5,000 23,000 40,000
Restricted cash (1,626) (3,202) 5,917
Purchases of short-term investments 0 (5,000) (23,000)
Net cash provided by (used in) investing activities 710,077 383 (19,393)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends paid, including a special dividend of $623,178, or $122.00 per share in 2012 (699,791) (61,277) (38,295)
Debt repayments (265,016) (508,479) (68,619)
Acquisition of the noncontrolling interest (7,800) 0 0
Debt issuance costs (400) (6,142) (57)
Proceeds from borrowing 0 593,000 34,828
Distributions to the noncontrolling interest 0 (600) 0
Net cash (used in) provided by financing activities (973,007) 16,502 (72,143)
Net (decrease) increase in cash and cash equivalents (153,223) 109,399 (15,514)
Cash and cash equivalents at beginning of year 506,619 397,220 412,734
Cash and cash equivalents at end of year 353,396 506,619 397,220
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payments for interest, of which $1,269 was capitalized in 2010 47,932 53,343 52,889
NON-CASH TRANSACTIONS      
Marketable securities received in connection with the sale of real estate 30,000 0 0
Commission payable incurred in connection with the sale of real estate 7,510 0 0
Change in unrealized net gain on securities available-for-sale 1,206 0 0
Write-off of fully amortized and/or depreciated assets 648 6,799 0
Non-cash additions to real estate included in accounts payable and accrued expenses $ 221 $ 3,052 $ 0