Investments in Partially Owned Entities (Tables)

9 Months Ended

Sep. 30, 2011

Schedule Of Equity Method Investments [Line Items]

Equity Method Investments

					Percentage			Balance as of
(Amounts in thousands)					Ownership as of			September 30,		December 31,
Investments:					September 30, 2011			2011		2010
Toys							32.7%	$	546,258	$	447,334
Alexander’s							32.4%	$	190,277	$	186,811
Lexington							11.7%		61,315		57,270
LNR							26.2%		156,090		132,973
India real estate ventures							4%-36.5%		101,155		127,193
Partially owned office buildings(1)							Various		452,284		181,838
Other equity method investments(2)							Various		196,205		241,587
								$	1,157,326	$	927,672
			For the Three Months Ended					For the Nine Months Ended
			September 30,					September 30,
Our Share of Net Income (Loss):			2011			2010		2011		2010
Toys – 32.7% share of:
	Equity in net (loss) income before income taxes		$	(26,773)		$	(32,574)	$	104,049	$	93,662
	Income tax benefit (expense)			15,135			27,501		(29,914)		1,914
	Equity in net (loss) income			(11,638)			(5,073)		74,135		95,576
	Interest and other income			2,334			2,516		6,659		6,733
			$	(9,304)		$	(2,557)	$	80,794	$	102,309
Alexander’s – 32.4% share of:
	Equity in net income		$	6,437		$	5,612	$	18,507	$	14,309
	Management, leasing and development fees			2,170			1,945		6,749		6,774
				8,607			7,557		25,256		21,083
Lexington – 11.7% share in 2011 and 13.8% share
	in 2010 of equity in net (loss) income (3)			(617)			(2,301)		10,209		3,316
LNR – 26.2% share of equity in net income (acquired in
	July 2010) (4)			13,656			-		39,913		-
India real estate ventures – 4% to 36.5% range in our
	share of equity in net (loss) income			(690)			(195)		(692)		2,062
Partially owned office buildings (5)				(6,839)			86		(13,829)		1,864
Other equity method investments				(565)			(7,143)		(4,618)		(14,525)
			$	13,552		$	(1,996)	$	56,239	$	13,800
___________________________________
(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%), Rosslyn Plaza (46%) and West 57th Street properties (50%).
(2)		Includes interests in Monmouth Mall, Verde Realty Operating Partnership, 85 10th Avenue Associates and others.
(3)		Includes net gains of $9,760 and $5,998 in the nine months ended September 30, 2011 and 2010, respectively, resulting from Lexington's stock issuances.
(4)		The nine months ended September 30, 2011 includes $6,020 for our share of net gains from asset sales and $8,977 for our share of a tax settlement gain.
(5)		The nine months ended September 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)				September 30,	September 30,		December 31,
			Maturity	2011	2011		2010
Toys (32.7% interest) (as of July 30, 2011 and October 30, 2010,
respectively):
	Senior unsecured notes (Face value – $950,000)		07/17	10.75%	$	929,773	$	928,045
	Senior unsecured notes (Face value – $725,000)		12/17	8.50%		716,325		715,577
	$700 million secured term loan facility		09/16	6.00%		685,595		689,757
	Senior U.K. real estate facility		04/13	5.02%		573,207		561,559
	$400 million secured term loan facility		05/18	5.25%		396,082		-
	7.875% senior notes (Face value – $400,000)		04/13	9.50%		390,135		386,167
	7.375% senior secured notes (Face value – $350,000)		09/16	7.38%		358,147		350,000
	7.375% senior notes (Face value – $400,000)		10/18	9.99%		347,238		343,528
	Japan bank loans		03/12-02/16	1.85%-2.85%		194,376		180,500
	Spanish real estate facility		02/13	4.51%		183,857		179,511
	$1.85 billion credit facility		08/15	2.91%		173,000		519,810
	Japan borrowings		06/12-06/13	0.98%		108,149		141,360
	Junior U.K. real estate facility		04/13	6.81%-7.84%		99,850		98,266
	French real estate facility		02/13	4.51%		88,696		86,599
	European and Australian asset-based revolving credit facility		03/16	2.89%		32,852		25,767
	8.750% debentures (Face value – $21,600)		09/21	9.17%		21,080		21,054
	7.625% bonds (Face value – $500,000)		n/a	n/a		-		495,943
	Other		Various	Various		170,806		156,853
					$	5,469,168	$	5,880,296
Alexander’s (32.4% interest):
	731 Lexington Avenue mortgage note payable, collateralized by
		the office space	02/14	5.33%	$	342,928	$	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	1.42%		277,200		277,200
	Kings Plaza Regional Shopping Center mortgage note payable (1)		06/16	2.04%		250,000		151,214
	Rego Park mortgage note payable		03/12	0.75%		78,246		78,246
	Paramus mortgage note payable(2)		10/11	5.92%		68,000		68,000
					$	1,336,374	$	1,246,411
Lexington (11.7% interest) (as of June 30, 2011 and
September 30, 2010, respectively):
	Mortgage loans collateralized by Lexington’s real estate		2011-2037	5.80%	$	1,728,515	$	1,927,729
LNR (26.2% interest) (as of June 30, 2011 and
September 30, 2010):
	Mortgage notes payable		2011-2043	4.75%	$	331,411	$	508,547
	Liabilities of consolidated CMBS and CDO trusts		n/a	5.30%		138,541,030		142,001,333
					$	138,872,441	$	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%.
(2)		On October 5, 2011, this loan, which was scheduled to mature in October 2011, was refinanced for the same amount. The new seven-year interest only loan has a fixed rate of 2.90%.

				Interest	100% of
				Rate at	Partially Owned Entities’ Debt at
(Amounts in thousands)				September 30,	September 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%	$	818,564	$	n/a
	One Park Avenue (30.3% interest) mortgage note payable		03/16	5.00%		250,000		n/a
	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%		137,460		139,337
	Fairfax Square (20% interest) mortgage note payable		12/14	7.00%		71,176		71,764
	Rosslyn Plaza (46% interest) mortgage note payable		12/11	1.22%		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%		22,060		22,922
	825 Seventh Avenue (50% interest) mortgage note payable		10/14	8.07%		20,205		20,565
India Real Estate Ventures:
	TCG Urban Infrastructure Holdings (25% interest) mortgage notes
		payable, collateralized by the entity’s real estate	2011-2022	11.81%		238,957		196,319
Other:
	Verde Realty Operating Partnership (8.3% interest) mortgage notes
		payable, collateralized by the partnerships’ real estate	2013-2025	6.18%		353,346		581,086
	Green Courte Real Estate Partners, LLC (8.3% interest) (as of
		June 30, 2011 and September 30, 2010), mortgage notes
		payable, collateralized by the partnerships’ real estate	2011-2018	5.57%		294,292		296,991
	Monmouth Mall (50% interest) mortgage note payable		02/14-09/15	5.35%		171,755		164,474
	Wells/Kinzie Garage (50% interest) mortgage note payable		12/17	5.00%		14,856		15,022
	Orleans Hubbard Garage (50% interest) mortgage note payable		12/17	5.00%		9,403		9,508
	Waterfront Station (2.5% interest)		n/a	n/a		-		217,106
	Other		Various	4.61%		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:						July 30, 2011		October 30, 2010
	Assets					$	11,778,000	$	12,810,000
	Liabilities						9,969,000		11,317,000
	Toys “R” Us, Inc. equity						1,809,000		1,493,000
		For the Three Months Ended				For the Nine Months Ended
Income Statement:		July 30, 2011		July 31, 2010		July 30, 2011		July 31, 2010
	Total revenues	$	2,648,000	$	2,565,000	$	11,256,000	$	11,030,000
	Net (loss) income attributable to Toys		(36,000)		(16,000)		227,000		292,000

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:						September 30, 2011		December 31, 2010
	Assets					$	1,785,000	$	1,679,000
	Liabilities						1,427,000		1,335,000
	Noncontrolling interests						4,000		3,000
	Stockholders' equity						354,000		341,000
		For the Three Months Ended				For the Nine Months Ended
Income Statement:		September 30, 2011		September 30, 2010		September 30, 2011		September 30, 2010
	Total revenues	$	65,000	$	61,000	$	190,000	$	179,000
	Net income attributable to Alexander’s		20,000		18,000		59,000		49,000

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:						June 30, 2011		September 30, 2010
	Assets					$	3,240,000	$	3,385,000
	Liabilities						1,910,000		2,115,000
	Noncontrolling interests						60,000		71,000
	Shareholders’ equity						1,270,000		1,199,000
		For the Three Months Ended				For the Nine Months Ended
Income Statement:		June 30, 2011		June 30, 2010		June 30, 2011		June 30, 2010
	Total revenues	$	83,000	$	81,000	$	252,000	$	249,000
	Net (loss) attributable to Lexington		(44,000)		(24,000)		(49,000)		(97,000)

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:		June 30, 2011		September 30, 2010
	Assets	$	139,731,000	$	143,266,000
	Liabilities		139,025,000		142,720,000
	Noncontrolling interests		43,000		37,000
	LNR equity		663,000		509,000
		For the Three Months Ended		For the Nine Months Ended
Income Statement:		June 30, 2011		June 30, 2011
	Total revenues	$	73,000	$	156,000
	Net income attributable to LNR		52,000		152,000