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ACQUISITION AND DISPOSITION OF REAL ESTATE AND DISCONTINUED OPERATIONS Acquisitions (Details) (USD $)
3 Months Ended 1 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Apr. 30, 2012
Brooklyn, New York
Fund III
sqft
Mar. 31, 2013
664 North Michigan Avenue [Member]
Chicago Illinois
Core Portfolio
sqft
Feb. 28, 2013
Shopping Center
Brooklyn, New York
Fund III
Mar. 31, 2013
Acquisitions in 2013
Preliminary Purchase Price Allocation
Mar. 31, 2013
Acquisitions in 2012
Finalized Purchase Price Allocation
Dec. 31, 2012
Acquisitions in 2012
Preliminary Purchase Price Allocation
Business Acquisition [Line Items]                
Square Footage of Real Estate Property (in square feet)     79,526 18,141        
Business Acquisition, Cost of Acquired Entity, Purchase Price       $ 86,600,000        
Payments to Acquire Notes Receivable 0 17,080,000 18,500,000          
Debt instrument face amount     23,000,000          
Consolidated Joint Venture, Ownership Percentage         99.00%      
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners         1.00%      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net                
Land           22,182,000 [1] 4,933,000 5,175,000
Buildings and Improvements           83,865,000 [1] 14,587,000 15,525,000
Acquisition-related intangible assets (in Acquired lease intangibles, net)             1,180,000 0
Total consideration           $ 106,047,000 [1] $ 20,700,000 $ 20,700,000
[1] Represents preliminary allocations for 2013 acquisitions where purchase price allocations have not been finalized.