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Notes and Mortgages Payable (Tables) | 3 Months Ended
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Mar. 31, 2012
Notes and Mortgages Payable [Abstract] |
Schedule of Notes and Mortgages Payable [Table Text Block] |
|  |  |  |  |  |  |  | Balance at |
|  |  |  | Interest Rate at |  |  | March 31, |  | December 31, |
(Amounts in thousands) | Maturity |  | March 31, 2012 |  |  | 2012 |  | 2011 |
First mortgage, secured by the Rego Park I |  |  |  |  |  |  |  |  |  |  |  |
| Shopping Center (100% cash collateralized) | Mar. 2013 |  | 0.50 | % |  |  | $ | 78,246 |  | $ | 78,246 |
First mortgage, secured by the office space |  |  |  |  |  |  |  |  |  |  |  |
| at the Lexington Avenue property | Feb. 2014 |  | 5.33 | % |  |  |  | 336,812 |  |  | 339,890 |
First mortgage, secured by the retail space |  |  |  |  |  |  |  |  |  |  |  |
| at the Lexington Avenue property(1) | Jul. 2015 |  | 4.93 | % |  |  |  | 320,000 |  |  | 320,000 |
First mortgage, secured by the Kings Plaza |  |  |  |  |  |  |  |  |  |  |  |
| Regional Shopping Center(2) | Jun. 2016 |  | 1.94 | % |  |  |  | 250,000 |  |  | 250,000 |
First mortgage, secured by the Paramus property | Oct. 2018 |  | 2.90 | % |  |  |  | 68,000 |  |  | 68,000 |
First mortgage, secured by the |  |  |  |  |  |  |  |  |  |  |  |
| Rego Park II Shopping Center(3) | Nov. 2018 |  | 2.09 | % |  |  |  | 274,176 |  |  | 274,796 |
|  |  |  |  |  |  |  | $ | 1,327,234 |  | $ | 1,330,932 |
___________________ |  |  |  |  |  |  |  |  |  |  |  |
(1) | In the event of a substantial casualty, as defined, up to $75,000 of this loan may become recourse to us. |
(2) | This loan bears interest at LIBOR plus 1.70%. |
(3) | This loan bears interest at LIBOR plus 1.85%. |

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