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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 56,915 $ 674,993 $ 81,046
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization, including amortization of debt issuance costs 31,395 36,363 37,086
Straight-lining of rental income (3,707) (4,475) (12,609)
Stock-based compensation expense 394 300 300
Reduction of income tax liability (206) 0 (2,561)
Net gain on sale of real estate 0 (599,628) 0
Changes in operating assets and liabilities:      
Tenant and other receivables, net (972) 234 1,672
Other assets (472) 4,318 (5,484)
Amounts due to Vornado (3,138) (2,405) (2,445)
Accounts payable and accrued expenses (6,284) (107) (4,547)
Other liabilities (42) 114 56
Net cash provided by operating activities 73,883 109,707 92,514
CASH FLOWS FROM INVESTING ACTIVITIES      
Construction in progress and real estate additions (7,671) (7,351) (14,415)
Restricted cash 351 (1,626) (3,202)
Proceeds from sale of real estate 0 714,054 0
Proceeds from maturing short-term investments 0 5,000 23,000
Purchases of short-term investments 0 0 (5,000)
Net cash (used in) provided by investing activities (7,320) 710,077 383
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends paid, including a special dividend of $623,178 in 2012 (56,197) (699,791) (61,277)
Debt repayments (15,957) (265,016) (508,479)
Debt issuance costs (87) (400) (6,142)
Acquisition of the noncontrolling interest 0 (7,800) 0
Proceeds from borrowing 0 0 593,000
Distributions to the noncontrolling interest 0 0 (600)
Net cash (used in) provided by financing activities (72,241) (973,007) 16,502
Net (decrease) increase in cash and cash equivalents (5,678) (153,223) 109,399
Cash and cash equivalents at beginning of year 353,396 506,619 397,220
Cash and cash equivalents at end of year 347,718 353,396 506,619
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payments for interest 42,121 47,932 53,343
NON-CASH TRANSACTIONS      
Liability for real estate additions included in accounts payable and accrued expenses 1,084 221 3,052
Marketable securities received in connection with the sale of real estate 0 30,000 0
Commission payable to Vornado incurred in connection with the sale of real estate 0 7,510 0
Write-off of fully amortized and/or depreciated assets $ 0 $ 648 $ 6,799