Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
OPERATING ACTIVITIES
Net loss (including net loss attributable to non-controlling interests)	$ (29,904)	$ (148,571)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	3,522	2,831
Amortization of stock-based compensation	1,113	1,508
Impairment of land and other inventories	7,364	109,271
Impairment of Goodwill	0	17,215
Change in fair value of contingent consideration	0	(4,388)
Change in estimated development liability	(927)	2,825
Loss on extinguishment of debt	1,144	211
Distribution (return) of earnings from unconsolidated entities	0	(338)
Equity loss (earnings) from unconsolidated entities	117	326
Changes in operating assets and liabilities:
Restricted cash	2,788	587
Receivables, net	340	1,221
Land and other inventories	(6,194)	(2,636)
Assets held for sale	8,028	0
Prepaid expenses and other assets	(1,116)	3,054
Accounts payable, estimated development liability, and accrued and other liabilities	113	(382)
Customer deposits and deferred revenues	188	(584)
NET CASH USED IN OPERATING ACTIVITIES	(13,424)	(17,850)
INVESTING ACTIVITIES
Investment in property and equipment	(3,466)	(862)
Return of capital from unconsolidated entities	13	471
Investment in unconsolidated entities	(98)	(83)
Note receivable from unconsolidated joint venture	0	3,957
NET CASH USED IN INVESTING ACTIVITIES	(3,551)	3,483
FINANCING ACTIVITIES
Proceeds from issuance of 7.50% Convertible Notes	0	100,000
Principal payments of real estate borrowings	0	(2,679)
Repurchase 4.50% Convertible Notes	0	(59,402)
Debt issuance costs	(1,683)	(4,627)
Payment of withholding taxes related to restricted stock and units withheld	(445)	0
Contributions from consolidated joint venture partner	294	0
Distributions to consolidated joint venture partner	(1,785)	0
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(3,619)	33,292
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(20,594)	18,925
Cash and cash equivalents at beginning of period	124,316	115,502
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 103,722	$ 134,427