XML 97 R63.htm IDEA: XBRL DOCUMENT v2.4.1.9
Bank and Other Notes Payable: (Details) (USD $)
0 Months Ended 12 Months Ended 0 Months Ended
Mar. 15, 2012
Mar. 16, 2007
Dec. 31, 2014
Dec. 31, 2013
Dec. 08, 2011
Mar. 29, 2013
Aug. 06, 2013
Senior Notes              
Bank and other notes payable              
Debt issued   $ 950,000,000us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_DebtInstrumentAxis
= us-gaap_ConvertibleNotesPayableMember
         
Interest rate on debt (as a percent)   3.25%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= us-gaap_ConvertibleNotesPayableMember
         
Repayment of notes 439,318,000us-gaap_MaturitiesOfSubordinatedDebt
/ us-gaap_DebtInstrumentAxis
= us-gaap_ConvertibleNotesPayableMember
           
Line of Credit              
Bank and other notes payable              
Term of extension (in years)     1 year        
Maximum borrowing capacity     2,000,000,000mac_LineOfCreditFacilityExpansionBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
       
Line of credit     1,500,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
       
Reference rate for variable interest rate     LIBOR        
Line of credit     752,000,000us-gaap_LineOfCredit
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
30,000,000us-gaap_LineOfCredit
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
     
Average interest rate (as a percent)     1.89%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
1.85%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
     
Fair value of line of credit     713,989,000us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
28,214,000us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
     
Unsecured term loan              
Bank and other notes payable              
Debt issued     125,000,000us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
  125,000,000us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
   
Reference rate for variable interest rate     LIBOR        
Interest rate (as a percent)     2.25%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
2.51%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
     
Estimated fair value of term loan     119,780,000us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
120,802,000us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
     
Prasada Note              
Bank and other notes payable              
Debt issued           13,330,000us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_DebtInstrumentAxis
= mac_PrasadaNoteMember
 
Interest rate on debt (as a percent)           5.25%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= mac_PrasadaNoteMember
 
Estimated fair value of term loan     11,178,000us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= mac_PrasadaNoteMember
13,114,000us-gaap_DebtInstrumentFairValue
/ us-gaap_DebtInstrumentAxis
= mac_PrasadaNoteMember
     
Carrying value of term loan     $ 10,879,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= mac_PrasadaNoteMember
$ 12,537,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= mac_PrasadaNoteMember
     
LIBOR | Line of Credit              
Bank and other notes payable              
Variable interest rate spread (as a percent)     1.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
       
LIBOR | Line of Credit | Low end of range              
Bank and other notes payable              
Variable interest rate spread (as a percent)     1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
      1.375%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
LIBOR | Line of Credit | High end of range              
Bank and other notes payable              
Variable interest rate spread (as a percent)     3.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
      2.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
LIBOR | Unsecured term loan              
Bank and other notes payable              
Variable interest rate spread (as a percent)     2.20%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
       
LIBOR | Unsecured term loan | Low end of range              
Bank and other notes payable              
Variable interest rate spread (as a percent)         1.95%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
   
LIBOR | Unsecured term loan | High end of range              
Bank and other notes payable              
Variable interest rate spread (as a percent)         3.20%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember