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SEGMENT REPORTING - Revenues, Profit (Loss) and Assets (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]      
Revenues $ 237,926 $ 211,732 $ 42,694
Less:      
Selling, general, and administrative 51,233 51,495 54,591
Other segment items (104,902) (81,300) 3,612
NET INCOME (LOSS) 177,634 113,716 (34,774)
Depreciation and amortization 16,569 15,976 12,302
Interest income 10,858 7,230 826
Company's investment in venture 185,324 252,816  
Segment assets 3,076,417 2,969,288 2,885,784
Inventory assets 2,298,080 2,213,479 2,239,125
Expenditures for long-lived assets 175,496 80,774 142,376
Income tax (provision) benefit (27,462) 4,418 1,471
Land sales      
Less:      
Cost and expenses 90,109 105,651 (996)
Land sales | Related Party      
Segment Reporting Information [Line Items]      
Revenues 0 595 7,512
Management services      
Less:      
Cost and expenses 23,852 22,170 20,261
Management services | Related Party      
Segment Reporting Information [Line Items]      
Revenues 96,404 47,621 31,433
Less:      
Cost and expenses 0 0 0
Valencia      
Segment Reporting Information [Line Items]      
Revenues 140,844 163,457 10,571
San Francisco      
Segment Reporting Information [Line Items]      
Revenues 678 654 690
Great Park      
Segment Reporting Information [Line Items]      
Revenues 95,955 47,190 31,015
Operating Segments | Total Operating Segments      
Segment Reporting Information [Line Items]      
Revenues 850,283 766,126 366,153
Less:      
Selling, general, and administrative 26,272 26,493 35,816
Other segment items (1,590) (4,845) 4,901
NET INCOME (LOSS) 452,830 313,953 67,489
Depreciation and amortization 16,271 14,990 11,271
Interest income 6,290 7,512 1,534
Segment assets 3,010,308 2,966,684 3,203,245
Inventory assets 2,572,818 2,604,831 2,845,018
Expenditures for long-lived assets 201,842 101,778 245,071
Operating Segments | Total Operating Segments | Land sales      
Less:      
Cost and expenses 234,985 342,960 184,388
Operating Segments | Total Operating Segments | Management services      
Less:      
Cost and expenses 23,852 22,170 20,261
Operating Segments | Total Operating Segments | Management services | Related Party      
Less:      
Cost and expenses 113,934 65,395 53,298
Operating Segments | Valencia      
Segment Reporting Information [Line Items]      
Revenues 140,844 163,457 10,571
Less:      
Selling, general, and administrative 10,356 11,577 13,602
Other segment items 4,700 4,593 6,788
NET INCOME (LOSS) 35,679 41,636 (8,823)
Depreciation and amortization 38 3 45
Interest income 0 0 1
Segment assets 914,583 895,983 972,028
Inventory assets 876,172 855,574 927,929
Expenditures for long-lived assets 111,493 34,066 101,634
Inventory cost reimbursements 10,100 64,100 34,800
Operating Segments | Valencia | Land sales      
Less:      
Cost and expenses 90,109 105,651 (996)
Operating Segments | Valencia | Management services      
Less:      
Cost and expenses 0 0 0
Operating Segments | Valencia | Management services | Related Party      
Less:      
Cost and expenses 0 0 0
Operating Segments | San Francisco      
Segment Reporting Information [Line Items]      
Revenues 678 654 690
Less:      
Selling, general, and administrative 4,883 3,989 4,087
Other segment items (69) (22) (1)
NET INCOME (LOSS) (4,136) (3,313) (3,396)
Depreciation and amortization 0 0 77
Interest income 69 22 1
Segment assets 1,424,819 1,360,036 1,314,308
Inventory assets 1,421,908 1,357,905 1,311,196
Expenditures for long-lived assets 64,003 46,708 40,742
Inventory cost reimbursements 1,100 1,100 3,300
Operating Segments | San Francisco | Land sales      
Less:      
Cost and expenses 0 0 0
Operating Segments | San Francisco | Management services      
Less:      
Cost and expenses 0 0 0
Operating Segments | San Francisco | Management services | Related Party      
Less:      
Cost and expenses 0 0 0
Operating Segments | Great Park      
Segment Reporting Information [Line Items]      
Revenues 708,761 602,015 354,892
Less:      
Selling, general, and administrative 11,033 10,927 18,127
Other segment items (6,221) (9,416) (1,886)
NET INCOME (LOSS) 421,287 275,630 79,708
Depreciation and amortization 16,233 14,987 11,149
Interest income 6,221 7,490 1,532
Segment assets 670,906 710,665 916,909
Inventory assets 274,738 391,352 605,893
Expenditures for long-lived assets 26,346 21,004 102,695
Inventory cost reimbursements 167,300 89,600 43,700
Operating Segments | Great Park | Land sales      
Less:      
Cost and expenses 144,876 237,309 185,384
Operating Segments | Great Park | Management services      
Less:      
Cost and expenses 23,852 22,170 20,261
Operating Segments | Great Park | Management services | Related Party      
Less:      
Cost and expenses 113,934 65,395 53,298
Removal of Results of Unconsolidated Entities      
Segment Reporting Information [Line Items]      
Revenues 449 431 418
Removal of Results of Unconsolidated Entities | Great Park      
Segment Reporting Information [Line Items]      
Revenues (612,806) (554,825) (323,877)
Less:      
Selling, general, and administrative (11,033) (10,927) (18,127)
Other segment items 6,221 9,416 1,886
NET INCOME (LOSS) (349,184) (250,610) (68,954)
Depreciation and amortization 0 0 0
Interest income (6,221) (7,490) (1,532)
Segment assets (562,598) (619,199) (799,174)
Inventory assets (274,738) (391,352) (605,893)
Expenditures for long-lived assets (26,346) (21,004) (102,695)
Removal of Results of Unconsolidated Entities | Great Park | Land sales      
Less:      
Cost and expenses (144,876) (237,309) (185,384)
Removal of Results of Unconsolidated Entities | Great Park | Management services      
Less:      
Cost and expenses 0 0 0
Removal of Results of Unconsolidated Entities | Great Park | Management services | Related Party      
Less:      
Cost and expenses (113,934) (65,395) (53,298)
Removal of Results of Unconsolidated Entities | Great Park Segment      
Less:      
Other segment items (119,787) (78,947) (20,444)
NET INCOME (LOSS) 119,787 78,947 20,444
Company's investment in venture 151,647 213,786 289,026
Removal of Results of Unconsolidated Entities | Great Park Segment | Homes Sales      
Less:      
Cost and expenses   200 29,700
Corporate and Unallocated      
Segment Reporting Information [Line Items]      
Revenues 449 431 418
Less:      
Selling, general, and administrative 35,994 35,929 36,902
Other segment items 10,254 (6,924) 17,269
NET INCOME (LOSS) (45,799) (28,574) (53,753)
Depreciation and amortization 298 986 1,031
Interest income 10,789 7,208 824
Segment assets 477,060 408,017 192,687
Inventory assets 0 0 0
Expenditures for long-lived assets 0 0 0
Corporate and Unallocated | Land sales      
Less:      
Cost and expenses 0 0 0
Corporate and Unallocated | Management services      
Less:      
Cost and expenses 0 0 0
Corporate and Unallocated | Management services | Related Party      
Less:      
Cost and expenses $ 0 $ 0 $ 0