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ACQUISITION AND DISPOSITION OF PROPERTIES AND DISCONTINUED OPERATIONS Acquisitions (Details) (USD $)
12 Months Ended 0 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended 1 Months Ended 1 Months Ended
Dec. 31, 2011
properties
Dec. 31, 2011
Core Portfolio [Member]
May 10, 2011
Chicago Illinois [Member]
Core Portfolio [Member]
sqft
Aug. 31, 2011
Chicago Illinois [Member]
Core Portfolio [Member]
properties
Aug. 31, 2011
Bronx New York [Member]
Core Portfolio [Member]
sqft
Jun. 30, 2011
New York New York [Member]
Core Portfolio [Member]
sqft
Sep. 30, 2011
Georgetown Portfolio [Member]
Core Portfolio [Member]
Sep. 30, 2011
Georgetown Portfolio [Member]
Washington, D.C. [Member]
Core Portfolio [Member]
Dec. 31, 2011
Fund III [Member]
Opportunity Funds [Member]
Jun. 30, 2010
Fund III [Member]
Opportunity Funds [Member]
Apr. 30, 2011
Fund III [Member]
Chicago Illinois [Member]
Opportunity Funds [Member]
sqft
Dec. 31, 2011
Fund III [Member]
New Hyde Park Shopping Center [Member]
New Hyde Park New York [Member]
Opportunity Funds [Member]
sqft
Dec. 31, 2011
Fund III [Member]
654 Broadway [Member]
New York New York [Member]
Opportunity Funds [Member]
sqft
Jan. 31, 2009
Fund III [Member]
Cortlandt Towne Center [Member]
Cortlandt New York [Member]
Opportunity Funds [Member]
sqft
Dec. 31, 2011
Fund III [Member]
Parkway Crossing [Member]
Baltimore Maryland [Member]
Opportunity Funds [Member]
sqft
Feb. 28, 2011
Fund III [Member]
Lincoln Road [Member]
South Miami Beach Florida [Member]
Opportunity Funds [Member]
sqft
Feb. 28, 2011
Fund III [Member]
White Oak [Member]
Silver Spring Maryland [Member]
Opportunity Funds [Member]
sqft
Dec. 31, 2010
Fund III [Member]
White City Shopping Center [Member]
Shrewsbury Massachusetts [Member]
Opportunity Funds [Member]
sqft
Jun. 30, 2010
Fund II [Member]
CityPoint [Member]
Opportunity Funds [Member]
Jun. 29, 2010
Fund II [Member]
CityPoint [Member]
Brooklyn, New York [Member]
Opportunity Funds [Member]
Jun. 29, 2010
Fund II [Member]
CityPoint [Member]
Brooklyn, New York [Member]
Opportunity Funds [Member]
Retail [Member]
Jun. 29, 2010
Fund II [Member]
CityPoint [Member]
Brooklyn, New York [Member]
Opportunity Funds [Member]
Office [Member]
Jun. 29, 2010
Fund II [Member]
CityPoint [Member]
Brooklyn, New York [Member]
Opportunity Funds [Member]
Residential [Member]
Jun. 29, 2010
California Urban Investment Partners, LLC [Member]
Fund II [Member]
CityPoint [Member]
Brooklyn, New York [Member]
Opportunity Funds [Member]
Residential [Member]
Dec. 31, 2011
Land [Member]
Dec. 31, 2011
Building and Building Improvements [Member]
Jun. 30, 2010
Operating Partnership, as General Partner or Managing Member [Member]
Fund II [Member]
CityPoint [Member]
Opportunity Funds [Member]
Business Acquisition [Line Items]                                                      
Equity Method Investment, Ownership Percentage             50.00% 50.00%   50.00%                   24.75% 75.00% 50.00% 0.00% 100.00%      
Equity Method Investments               $ 13,400,000                                      
Business Acquisition, Cost of Acquired Entity, Purchase Price     28,400,000 18,000,000 9,100,000 4,800,000         31,600,000 11,300,000 13,300,000 78,000,000 21,600,000 51,900,000 9,800,000 56,000,000 9,200,000                
In-Place Debt Assumption Percentage               50.00%                                      
Equity Method Investment, Debt Assumed               9,200,000                                      
Number of Retail Properties 82     6                                              
Square Footage of Real Estate Property (in feet)     44,000   13,000 6,000         105,000 31,500 18,700 641,000 260,000 61,400 64,600 255,000                  
In-Place Mortgage Debt Assumption                               20,600,000     19,600,000                
Ownership Percentage                               95.00% 90.00%                    
Business Combination, Acquisition Related Costs   800,000             600,000         200,000                          
Business Acquisition, Purchase Price Allocation [Abstract]                                                      
Land, Buildings and improvements                                                 24,993,000 39,594,000  
Acquisition-related intangible assets (in Acquired lease intangibles, net) 9,945,000                                                    
Acquisition-related intangible liabilities (in Acquired lease and other intangibles, net) (627,000)                                                    
Total consideration 73,905,000                                                    
Business Acquisition, Cost of Acquired Entity, Cash Paid                                     2,000,000                
Business Acquisition, Cost of Acquired Entity, Deferred Payments                                     7,200,000                
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value                                     108,000,000                
Business Combination, Bargain Purchase, Gain Recognized, Amount                                     $ 33,800,000               $ 6,300,000