Investments in Partially Owned Entities (Tables)

6 Months Ended

Jun. 30, 2011

Schedule Of Equity Method Investments [Line Items]

					Percentage			Balance as of
(Amounts in thousands)					Ownership as of			June 30,		December 31,
Investments:					June 30, 2011			2011		2010
Toys							32.7%	$	558,755	$	447,334

Alexander’s							32.4%	$	189,186	$	186,811
Lexington							11.7%		64,039		57,270
LNR							26.2%		158,269		132,973
India real estate ventures							4%-36.5%		103,488		127,193
Partially owned office buildings⁽¹⁾							Various		445,669		181,838
Other equity method investments⁽²⁾							Various		199,641		241,587
								$	1,160,292	$	927,672

			For the Three Months Ended					For the Six Months Ended
			Ended June 30,					Ended June 30,
Our Share of Net Income (Loss):			2011			2010		2011		2010
Toys – 32.7% share of:
	Equity in net (loss) income before income taxes		$	(49,017)		$	(47,314)	$	130,822	$	126,236
	Income tax benefit (expense)			23,969			24,123		(45,049)		(25,587)
	Equity in net (loss) income			(25,048)			(23,191)		85,773		100,649
	Interest and other income			2,202			2,187		4,325		4,217
			$	(22,846)		$	(21,004)	$	90,098	$	104,866

Alexander’s – 32.4% share of:
	Equity in net income		$	6,351		$	4,920	$	12,070	$	8,697
	Management, leasing and development fees			2,287			2,146		4,579		4,829
				8,638			7,066		16,649		13,526

Lexington – 11.7% share in 2011 and 13.8% share in 2010 of
	equity in net income (loss)⁽³⁾			8,654			(428)		10,826		5,617

LNR – 26.2% share of equity in net income (acquired in
	July 2010)⁽⁴⁾			11,003			-		26,257		-

India real estate ventures – 4% to 36.5% range in our
	share of equity in net income (loss)			205			606		(2)		2,257

Partially owned office buildings⁽⁵⁾				(2,366)			1,023		(6,990)		1,778

Other equity method investments				269			(3,815)		(4,053)		(7,382)
			$	26,403		$	4,452	$	42,687	$	15,796
___________________________________
(1)		Includes interests in 330 Madison Avenue (25%), One Park Avenue (30.3%), 280 Park Avenue (49.5%), 825 Seventh Avenue (50%), Warner Building and 1101 17th Street (55%), Fairfax Square (20%), Kaempfer equity interests in three office buildings (2.5% to 5.0%), Rosslyn Plaza (46%) and West 57th Street properties (50%).

(2)		Includes interests in Monmouth Mall, Verde Realty Operating Partnership, 85 10th Avenue Associates and redevelopment ventures, including Harlem Park and Farley.

(3)		Includes net gains of $8,308 in the three months ended June 30, 2011, and $9,760 and $5,998 in the six months ended June 30, 2011 and 2010, respectively, resulting from Lexington's stock issuances.

(4)		The three and six months ended June 30, 2011 include $6,020 for our share of net gains from asset sales. The six months ended June 30, 2011 also includes $8,977 for our share of a tax settlement gain.

(5)		The six months ended June 30, 2011 includes $9,022 for our share of expense, primarily for straight-line rent reserves and the write-off of tenant improvements in connection with a tenant's bankruptcy at the Warner Building.

Schedule of debt of partially owned entities

				Interest	100% of
				Rate at	Partially Owned Entities’ Debt at
(Amounts in thousands)				June 30,	June 30,		December 31,
			Maturity	2011	2011		2010
Toys (32.7% interest) (as of April 30, 2011 and October 30, 2010,
respectively):
	Senior unsecured notes (Face value – $950,000)		07/17	10.75%	$	929,183	$	928,045
	Senior unsecured notes (Face value – $725,000)		12/17	8.50%		716,070		715,577
	$700 million secured term loan facility		09/16	6.00%		686,979		689,757
	Senior U.K. real estate facility		04/13	5.02%		583,423		561,559
	7.625% bonds (Face value – $500,000)		08/11	8.82%		498,787		495,943
	7.875% senior notes (Face value – $400,000)		04/13	9.50%		388,781		386,167
	7.375% senior secured notes (Face value – $350,000)		09/16	7.38%		349,750		350,000
	7.375% senior notes (Face value – $400,000)		10/18	9.99%		345,970		343,528
	Japan bank loans		03/12-02/16	1.85%-2.85%		184,662		180,500
	Spanish real estate facility		02/13	4.51%		189,580		179,511
	Junior U.K. real estate facility		04/13	6.81%-7.84%		101,828		98,266
	Japan borrowings		03/12	0.98%		99,792		141,360
	French real estate facility		02/13	4.51%		91,457		86,599
	8.750% debentures (Face value – $21,600)		09/21	9.17%		21,071		21,054
	$1.85 billion credit facility		08/15	-		-		519,810
	European and Australian asset-based revolving credit facility		10/12	-		-		25,767
	Other		Various	Various		171,350		156,853
						5,358,683		5,880,296

Alexander’s (32.4% interest):
	731 Lexington Avenue mortgage note payable, collateralized by
		the office space	02/14	5.33%		345,875		351,751
	731 Lexington Avenue mortgage note payable, collateralized by
		the retail space	07/15	4.93%		320,000		320,000
	Rego Park construction loan payable		12/11	1.50%		277,200		277,200
	Kings Plaza Regional Shopping Center mortgage note payable ⁽¹⁾		06/16	1.95%		250,000		151,214
	Rego Park mortgage note payable		03/12	0.75%		78,246		78,246
	Paramus mortgage note payable		10/11	5.92%		68,000		68,000
						1,339,321		1,246,411

Lexington (11.7% interest) (as of March 31, 2011 and
September 30, 2010, respectively):
	Mortgage loans collateralized by Lexington’s real estate		2011-2037	5.81%		1,721,643		1,927,729

LNR (26.2% interest) (as of March 31, 2011 and
September 30, 2010):
	Mortgage notes payable		2011-2043	4.75%		353,803		508,547
	Liabilities of consolidated CMBS and CDO trusts		n/a	5.28%		140,615,139		142,001,333
						140,968,942		142,509,880


(1)		On June 10, 2011, Alexander's completed a $250,000 refinancing of this loan. The five-year interest only loan is at LIBOR plus 1.70%.

				Interest	100% of
				Rate at	Partially Owned Entities’ Debt at
(Amounts in thousands)				June 30,	June 30,		December 31,
			Maturity	2011	2011		2010
Partially owned office buildings:
	280 Park Avenue (49.5% interest) mortgage notes payable
		(Face value - $740,000 at 6.37%)	06/16	3.93%	$	823,629	$	-
	One Park Avenue (30.3% interest) mortgage note payable		03/16	5.00%		250,000		-
	Warner Building (55% interest) mortgage note payable		05/16	6.26%		292,700		292,700
	330 Madison Avenue (25% interest) mortgage note payable		06/15	1.77%		150,000		150,000
	Kaempfer Properties (2.5% and 5.0% interests in two partnerships)
		mortgage notes payable, collateralized by the partnerships’ real estate	11/11-12/11	5.86%		138,084		139,337
	Fairfax Square (20% interest) mortgage note payable		12/14	7.00%		71,376		71,764
	Rosslyn Plaza (46% interest) mortgage note payable		12/11	1.30%		56,680		56,680
	330 West 34th Street (34.8% interest) mortgage note payable,
		collateralized by land	07/22	5.71%		50,150		50,150
	West 57th Street (50% interest) mortgage note payable		02/14	4.94%		22,466		22,922
	825 Seventh Avenue (50% interest) mortgage note payable		10/14	8.07%		20,327		20,565

India Real Estate Ventures:
	TCG Urban Infrastructure Holdings (25% interest) mortgage notes
		payable, collateralized by the entity’s real estate	2011-2022	11.53%		255,741		196,319

Other:
	Verde Realty Operating Partnership (8.3% interest) mortgage notes
		payable, collateralized by the partnerships’ real estate	2013-2025	5.93%		541,852		581,086
	Green Courte Real Estate Partners, LLC (8.3% interest) (as of
		March 31, 2011 and September 30, 2010), mortgage notes
		payable, collateralized by the partnerships’ real estate	2011-2018	5.60%		295,441		296,991
	Monmouth Mall (50% interest) mortgage note payable		02/14-09/15	5.35%		172,384		164,474
	Wells/Kinzie Garage (50% interest) mortgage note payable		12/17	5.00%		14,917		15,022
	Orleans Hubbard Garage (50% interest) mortgage note payable		12/17	5.00%		9,442		9,508
	Waterfront Station (2.5% interest)		n/a	n/a		-		217,106
	Other		Various	4.58%		663,162		418,339

Toys R Us [Member]

Schedule Of Equity Method Investments [Line Items]

Equity Method Investment Summarized Financial Information Table [Text Block]

(Amounts in thousands)						Balance as of
Balance Sheet:						April 30, 2011		October 30, 2010
	Assets					$	11,951,000	$	12,810,000
	Liabilities						10,115,000		11,317,000
	Toys “R” Us, Inc. equity						1,836,000		1,493,000

		For the Three Months Ended				For the Six Months Ended
Income Statement:		April 30, 2011		May 1, 2010		April 30, 2011		May 1, 2010
	Total revenues	$	2,636,000	$	2,608,000	$	8,608,000	$	8,465,000
	Net (loss) income attributable to Toys		(77,000)		(71,000)		262,000		308,000

Alexanders Inc [Member]

Schedule Of Equity Method Investments [Line Items]

Equity Method Investment Summarized Financial Information Table [Text Block]

(Amounts in thousands)						Balance as of
Balance Sheet:						June 30, 2011		December 31, 2010
	Assets					$	1,772,000	$	1,679,000
	Liabilities						1,421,000		1,335,000
	Noncontrolling interests						2,000		3,000
	Stockholders' equity						349,000		341,000

		For the Three Months Ended				For the Six Months Ended
Income Statement:		June 30, 2011		June 30, 2010		June 30, 2011		June 30, 2010
	Total revenues	$	62,000	$	59,000	$	125,000	$	118,000
	Net income attributable to Alexander’s		20,000		15,000		38,000		31,000

Lexington Realty Trust [Member]

Schedule Of Equity Method Investments [Line Items]

Equity Method Investment Summarized Financial Information Table [Text Block]

(Amounts in thousands)						Balance as of
Balance Sheet:						March 31, 2011		September 30, 2010
	Assets					$	3,223,000	$	3,385,000
	Liabilities						1,904,000		2,115,000
	Noncontrolling interests						76,000		71,000
	Shareholders’ equity						1,243,000		1,199,000

		For the Three Months Ended				For the Six Months Ended
Income Statement:		March 31, 2011		March 31, 2010		March 31, 2011		March 31, 2010
	Total revenues	$	83,000	$	82,000	$	169,000	$	168,000
	Net (loss) attributable to Lexington		(17,000)		(27,000)		(5,000)		(73,000)

LNR [Member]

Schedule Of Equity Method Investments [Line Items]

Equity Method Investment Summarized Financial Information Table [Text Block]

(Amounts in thousands)		Balance as of
Balance Sheet:		March 31, 2011		September 30, 2010
	Assets	$	141,759,000	$	143,266,000
	Liabilities		141,118,000		142,720,000
	Noncontrolling interests		20,000		37,000
	LNR equity		621,000		509,000

		For the Three Months Ended		For the Six Months Ended
Income Statement:		March 31, 2011		March 31, 2011
	Total revenues	$	47,000	$	83,000
	Net income attributable to LNR		42,000		100,000

- Definition

Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

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