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Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2012 shares
Document and Entity Information [Abstract]
Entity Registrant Name	VORNADO REALTY TRUST
Entity Central Index Key	0000899689
Document Type	10-Q
Document Period End Date	Sep. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	186,143,105
Entity Well Known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011
Real estate, at cost:
Land	$ 4,143,581	$ 4,416,613
Buildings and improvements	11,851,152	12,041,054
Development costs and construction in progress	865,953	119,540
Leasehold improvements and equipment	128,168	126,712
Total	16,988,854	16,703,919
Less accumulated depreciation and amortization	(3,034,815)	(2,901,203)
Real estate, net	13,954,039	13,802,716
Cash and cash equivalents	465,884	606,553
Restricted cash	391,794	98,068
Marketable securities	485,001	741,321
Accounts receivable, net of allowance for doubtful accounts of $38,351 and $43,241	181,242	171,798
Real Estate Fund investments	482,442	346,650
Mezzanine loans receivable	131,585	133,948
Receivable arising from the straight-lining of rents, net of allowance of $4,448 and $3,290	755,866	701,827
Deferred leasing and financing costs, net of accumulated amortization of $220,846 and $237,766	389,155	364,855
Identified intangible assets, net of accumulated amortization of $362,516 and $347,039	252,683	295,432
Assets related to discontinued operations	537,938	1,049,153
Due from officers	0	13,127
Other assets	501,056	380,580
Assets	20,397,816	20,446,487
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Notes and mortgages payable	7,852,657	8,065,576
Senior unsecured notes	1,357,921	1,357,661
Revolving credit facility debt	600,000	138,000
Exchangeable senior debentures	0	497,898
Convertible senior debentures	0	10,168
Accounts payable and accrued expenses	442,644	423,512
Deferred revenue	465,929	511,959
Deferred compensation plan	103,003	95,457
Deferred tax liabilities	15,432	13,315
Liabilities related to discontinued operations	478,980	518,319
Other liabilities	396,897	145,498
Total liabilities	11,713,463	11,777,363
Commitments and contingencies
Redeemable noncontrolling interests:
Class A units - 11,714,978 and 12,160,771 units outstanding	949,499	934,677
Series D cumulative redeemable preferred units - 1,800,001 and 9,000,001 units outstanding	46,000	226,000
Total redeemable noncontrolling interests	995,499	1,160,677
Vornado shareholders' equity:
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 51,184,609 and 42,186,709 shares	1,237,699	1,021,660
Common shares of beneficial interest: $.04 par value per share; authorized 250,000,000 shares; issued and outstanding 186,143,105 and 185,080,020 shares	7,415	7,373
Additional capital	7,136,090	7,127,258
Earnings less than distributions	(1,319,118)	(1,401,704)
Accumulated other comprehensive (loss) income	(160,107)	73,729
Total Vornado shareholders' equity	6,901,979	6,828,316
Noncontrolling interests in consolidated subsidiaries	786,875	680,131
Total equity	7,688,854	7,508,447
Total liabilities, redeemable noncontrolling interests and equity	20,397,816	20,446,487
Toys R Us [Member]
Real estate, at cost:
Investments in partially owned entities	549,421	506,809
All Equity Method Investees Excluding Toys [Member]
Real estate, at cost:
Investments in partially owned entities	$ 1,319,710	$ 1,233,650

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011
ASSETS
Accounts receivable, allowance for doubtful accounts	$ 38,351	$ 43,241
Receivable arising from the straight-lining of rents, allowance	4,448	3,290
Deferred leasing and financing costs, amortization	220,846	237,766
Identified intangible assets: Accumulated amortization	$ 362,516	$ 347,039
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Preferred shares of beneficial interest: authorized shares	110,000,000	110,000,000
Preferred shares of beneficial interest: issued shares	51,184,609	42,186,709
Preferred shares of beneficial interest: outstanding shares	51,184,609	42,186,709
Common shares of beneficial interest: par value per share	$ 0.04	$ 0.04
Common shares of beneficial interest: authorized shares	250,000,000	250,000,000
Common shares of beneficial interest: issued shares	186,143,105	185,080,020
Common shares of beneficial interest: outstanding shares	186,143,105	185,080,020
Common Class A [Member]
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Redeemable noncontrolling interests units outstanding	11,714,978	12,160,771
Cumulative Redeemable Preferred Unit [Member]
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Redeemable noncontrolling interests units outstanding	1,800,001	9,000,001

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
REVENUES:
Property rentals	$ 518,141	$ 530,192	$ 1,564,168	$ 1,592,867
Tenant expense reimbursements	80,497	85,757	224,287	237,945
Cleveland Medical Mart development project	72,651	35,135	184,014	108,203
Fee and other income	39,688	36,776	106,018	111,813
Total revenues	710,977	687,860	2,078,487	2,050,828
EXPENSES:
Operating	264,487	262,837	764,018	773,331
Depreciation and amortization	124,335	126,935	386,974	373,380
General and administrative	48,742	46,121	151,142	154,359
Cleveland Medical Mart development project	70,431	33,419	177,127	101,637
Acquisition related costs and tenant buy-outs	1,070	2,288	4,314	22,455
Total expenses	509,065	471,600	1,483,575	1,425,162
Operating income	201,912	216,260	594,912	625,666
Income from partially owned entities	12,683	3,836	142,187	135,829
Income from Real Estate Fund (of which $4,787 and $3,675 in each three-month period, respectively, and $25,026 and $15,703 in each nine-month period, respectively, are attributable to noncontrolling interests)	5,509	5,353	37,572	25,491
Interest and other investment income (loss), net	10,523	(30,011)	(22,984)	95,086
Interest and debt expense (including amortization of deferred financing costs of $5,725 and $4,670, in each three-month period, respectively, and $17,204 and $14,093 in each nine-month period, respectively)	(120,770)	(131,998)	(377,600)	(394,192)
Net gain on disposition of wholly owned and partially owned assets	0	1,298	4,856	7,975
Income before income taxes	109,857	64,738	378,943	495,855
Income tax expense	(3,015)	(6,959)	(17,319)	(18,548)
Income from continuing operations	106,842	57,779	361,624	477,307
Income from discontinued operations	157,314	8,444	241,024	165,706
Net income	264,156	66,223	602,648	643,013
Less net income attributable to noncontrolling interests in: Consolidated subsidiaries	(6,610)	(5,636)	(30,928)	(20,643)
Less net income attributable to noncontrolling interests in: Operating Partnership, including unit distributions	(16,240)	(6,825)	(40,595)	(47,364)
Net income attributable to Vornado	241,306	53,762	531,125	575,006
Preferred share dividends	(20,613)	(17,627)	(56,187)	(47,743)
Discount on preferred unit redemptions	11,700	5,000	11,700	5,000
NET INCOME attributable to common shareholders	$ 232,393	$ 41,135	$ 486,638	$ 532,263
INCOME PER COMMON SHARE - BASIC:
Income from continuing operations, net (in dollars per share)	$ 0.45	$ 0.18	$ 1.40	$ 2.04
Income from discontinued operations, net (in dollars per share)	0.80	0.04	1.22	0.85
Net income per common share (in dollars per share)	$ 1.25	$ 0.22	$ 2.62	$ 2.89
Weighted average shares outstanding (in shares)	185,924	184,398	185,656	184,220
INCOME PER COMMON SHARE - DILUTED:
Income from continuing operations, net (in dollars per share)	$ 0.45	$ 0.18	$ 1.39	$ 2.02
Income from discontinued operations, net (in dollars per share)	0.79	0.04	1.22	0.84
Net income per common share (in dollars per share)	$ 1.24	$ 0.22	$ 2.61	$ 2.86
Weighted average shares outstanding (in shares)	186,655	186,065	186,399	186,039
DIVIDENDS PER COMMON SHARE (in dollars per share)	$ 0.69	$ 0.69	$ 2.07	$ 2.07
Toys R Us [Member]
EXPENSES:
Income from partially owned entities	$ (8,585)	$ (9,304)	$ 88,696	$ 80,794
All Equity Method Investees Excluding Toys [Member]
EXPENSES:
Income from partially owned entities	$ 21,268	$ 13,140	$ 53,491	$ 55,035

Consolidated Statements of Income (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Amortization of deferred financing costs	$ 5,725	$ 4,670	$ 17,204	$ 14,093
Income from Real Estate Fund, attributable to noncontrolling interest	6,610	5,636	30,928	20,643
Real Estate Fund [Member]
Income from Real Estate Fund, attributable to noncontrolling interest	$ 4,787	$ 3,675	$ 25,026	$ 15,703

Condolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Net income	$ 264,156	$ 66,223	$ 602,648	$ 643,013
Other comprehensive income (loss):
Change in unrealized net gain (loss) on securities available-for-sale	18,358	(161,178)	(202,167)	(120,334)
Pro rata share of other comprehensive (loss) income of nonconsolidated subsidiaries	(12,607)	112	(38,861)	26,477
Change in value of interest rate swap	(2,866)	(24,424)	(8,868)	(42,458)
Other	(30)	(69)	343	(5,114)
Comprehensive income (loss)	267,011	(119,336)	353,095	501,584
Less comprehensive income attributable to noncontrolling interests	(23,027)	(400)	(55,806)	(59,050)
Comprehensive income (loss) attributable to Vornado	$ 243,984	$ (119,736)	$ 297,289	$ 442,534

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References

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-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 8, 9, 10, 11, 12, 13, 14
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests, if any. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References + Details

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References + Details

- Definition

Net of tax effect change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges after taxes. A cash flow hedge is a hedge of the exposure to variability in the cash flows of a recognized asset or liability or a forecasted transaction that is attributable to a particular risk. The change includes an entity's share of an equity investee's increase or decrease in deferred hedging gains or losses. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 46
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+ Details

- Definition

Appreciation or loss in value (before reclassification adjustment) of the total of unsold securities during the period being reported on, net of tax. Reclassification adjustments include: (1) the unrealized holding gain (loss), net of tax, at the date of the transfer for a debt security from the held-to-maturity category transferred into the available-for-sale category. Also includes the unrealized gain (loss) at the date of transfer for a debt security from the available-for-sale category transferred into the held-to-maturity category; (2) the unrealized gains (losses) realized upon the sale of securities, after tax; and (3) the unrealized gains (losses) realized upon the write-down of securities, after tax.

+ References

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+ Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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+ Details

Consolidated Statements of Changes in Equity - USD ($) shares in Thousands, $ in Thousands	Total	Real Estate Fund [Member]	All Other Except Real Estate Fund [Member]	Preferred Shares	Common Shares	Additional Capital	Earnings Less Than Distributions	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interests	Non-controlling Interests Real Estate Fund [Member]	Non-controlling Interests All Other Except Real Estate Fund [Member]
Beginning balance, shares at Dec. 31, 2010				32,340	183,662
Beginning balance, value at Dec. 31, 2010	$ 6,830,405			$ 783,088	$ 7,317	$ 6,932,728	$ (1,480,876)	$ 73,453	$ 514,695
Net income	595,649						575,006		20,643
Dividends on common shares, value	(381,382)						(381,382)
Dividends on preferred shares, value	(47,905)						(47,905)
Proceeds from the issuance of shares, shares				9,850
Proceeds from the issuance of shares, value	239,037			$ 239,037
Common shares issued:
Upon redemption of Class A units, at redemption value, shares					435
Upon redemption of Class A units, at redemption value, value	38,220				$ 17	38,203
Under employees' share option plan, shares					369
Under employees' share option plan, value	21,221				$ 15	21,603	(397)
Under dividend reinvestment plan, shares					15
Under dividend reinvestment plan, value	1,330				$ 1	1,329
Limited partners' contributions:
Limited partners' contribution		$ 109,241	$ 364							$ 109,241	$ 364
Distributions:
Distributions to Limited Partners		(22,713)	(15,604)							(22,713)	(15,604)
Conversion Of Series A Preferred Shares To Common Shares, shares				(3)	5
Conversion of Series A preferred shares to common shares, value	0			$ (165)	$ 0	165
Deferred compensation shares and options, shares					10
Deferred compensation shares and options, value	7,866				$ 0	7,866
Change in unrealized net gain on securities available-for-sale	(120,334)							(120,334)
Pro rata share of other comprehensive income of nonconsolidated subsidiaries	26,477							26,477
Change in value of interest rate swap	(42,458)							(42,458)
Adjustment to carry redeemable Class A units at redemption value	114,628					114,628
Redeemable noncontrolling interests' share of above adjustments	8,957							8,957
Discount on redemption of preferred units	5,000						5,000
Other	(5,030)			$ (105)		(4,518)	149	(5,114)	4,558
Ending balance, shares at Sep. 30, 2011				42,187	184,496
Ending balance, value at Sep. 30, 2011	7,362,969			$ 1,021,855	$ 7,350	7,112,004	(1,330,405)	(59,019)	611,184
Beginning balance, shares at Dec. 31, 2011				42,187	185,080
Beginning balance, value at Dec. 31, 2011	7,508,447			$ 1,021,660	$ 7,373	7,127,258	(1,401,704)	73,729	680,131
Net income	562,053						531,125		30,928
Dividends on common shares, value	(384,353)						(384,353)
Dividends on preferred shares, value	(56,187)						(56,187)
Proceeds from the issuance of shares, shares				12,000
Proceeds from the issuance of shares, value	291,144			$ 291,144
Redemption of preferred shares, shares				(3,000)
Redemption of preferred shares, value	(75,000)			$ (75,000)
Common shares issued:
Upon redemption of Class A units, at redemption value, shares					624
Upon redemption of Class A units, at redemption value, value	51,216				$ 25	51,191
Under employees' share option plan, shares					414
Under employees' share option plan, value	(7,458)				$ 16	8,915	(16,389)
Under dividend reinvestment plan, shares					15
Under dividend reinvestment plan, value	1,270				$ 1	1,269
Limited partners' contributions:
Limited partners' contribution		120,606	140							120,606	140
Distributions:
Distributions to Limited Partners		$ (44,910)	$ (10)							$ (44,910)	$ (10)
Conversion Of Series A Preferred Shares To Common Shares, shares				(2)	3
Conversion of Series A preferred shares to common shares, value	0			$ (105)	$ 0	105
Deferred compensation shares and options, shares					7
Deferred compensation shares and options, value	10,670				$ 0	11,009	(339)
Change in unrealized net gain on securities available-for-sale	(202,167)							(202,167)
Pro rata share of other comprehensive income of nonconsolidated subsidiaries	(38,861)							(38,861)
Change in value of interest rate swap	(8,868)							(8,868)
Adjustment to carry redeemable Class A units at redemption value	(63,657)					(63,657)
Redeemable noncontrolling interests' share of above adjustments	15,717							15,717
Discount on redemption of preferred units	11,700						11,700
Other	(2,638)			$ 0		0	(2,971)	343	(10)
Ending balance, shares at Sep. 30, 2012				51,185	186,143
Ending balance, value at Sep. 30, 2012	$ 7,688,854			$ 1,237,699	$ 7,415	$ 7,136,090	$ (1,319,118)	$ (160,107)	$ 786,875

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash Flows from Operating Activities:
Net income	$ 602,648	$ 643,013
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including amortization of deferred financing costs)	419,007	414,992
Net gains on sale of real estate	(203,801)	(51,623)
Equity in net income of partially owned entities, including Toys "R" Us	(142,187)	(135,829)
Return of capital from Real Estate Fund investments	61,052	0
Distributions of income from partially owned entities	59,322	75,612
Straight-lining of rental income	(55,553)	(38,262)
Loss from the mark-to-market of J.C. Penney derivative position	53,343	27,136
Amortization of below-market leases, net	(39,693)	(49,988)
Other non-cash adjustments	39,360	20,261
Net unrealized gain on Real Estate Fund investments	(33,537)	(19,209)
Gain on sale of Canadian Trade Shows	(31,105)	0
Impairment losses	13,511	0
Net gain on disposition of wholly owned and partially owned assets	(4,856)	(7,975)
Net gain on extinguishment of debt	0	(83,907)
Mezzanine loans loss reversal and net gain on disposition	0	(82,744)
Changes in operating assets and liabilities:
Real Estate Fund investments	(163,307)	(97,785)
Accounts receivable, net	(9,444)	11,292
Prepaid assets	(52,895)	(68,558)
Other assets	(43,103)	(44,617)
Accounts payable and accrued expenses	34,546	32,227
Other liabilities	7,338	22,635
Net cash provided by operating activities	510,646	566,671
Cash Flows from Investing Activities:
Proceeds from sales of real estate and related investments	408,856	135,762
Additions to real estate	(138,060)	(109,963)
Funding of J.C. Penney derivative collateral	(121,117)	(33,850)
Investments in partially owned entities	(116,264)	(440,865)
Development costs and construction in progress	(106,502)	(52,816)
Return of J.C. Penney derivative collateral	89,850	28,700
Acquisitions of real estate and other	(73,069)	0
Restricted cash	(62,813)	121,463
Proceeds from sales of marketable securities	58,460	19,301
Proceeds from the sale of Canadian Trade Shows	52,504	0
Distributions of capital from partially owned entities	26,665	274,283
Proceeds from the repayment of loan to officer	13,123	0
Proceeds from sales and repayments of mezzanine loans and other	2,379	100,525
Investments in mezzanine loans receivable	0	(44,215)
Net cash provided by (used in) investing activities	34,012	(1,675)
Cash Flows from Financing Activities:
Repayments of borrowings	(2,070,295)	(2,666,610)
Proceeds from borrowings	1,773,000	2,184,167
Dividends paid on common shares	(384,353)	(381,382)
Proceeds from the issuance of preferred shares	291,144	239,037
Purchases of outstanding preferred units and shares	(243,300)	(28,000)
Contributions from noncontrolling interests	120,746	109,605
Distributions to noncontrolling interests	(80,994)	(77,330)
Dividends paid on preferred shares	(54,034)	(43,675)
Repurchase of shares related to stock compensation agreements and/or related tax withholdings	(30,034)	(747)
Debt issuance and other costs	(17,417)	(28,614)
Proceeds received from exercise of employee share options	10,210	22,947
Net cash used in financing activities	(685,327)	(670,602)
Net decrease in cash and cash equivalents	(140,669)	(105,606)
Cash and cash equivalents at beginning of period	606,553	690,789
Cash and cash equivalents at end of period	465,884	585,183
Supplemental Disclosure of Cash Flow Information:
Cash payments for interest, excluding capitalized interest of $7,884 and $0	368,018	388,938
Cash payments for income taxes	19,222	10,299
Non-Cash Investing and Financing Activities:
Change in unrealized net gain (loss) on securities available-for-sale	(202,167)	(120,334)
Adjustment to carry redeemable Class A units at redemption value	(63,657)	114,628
L.A. Mart seller financing	35,000	0
Common shares issued upon redemption of Class A units, at redemption value	51,216	38,220
Contribution of mezzanine loan receivable to a joint venture	0	73,750
Marriott Marquis Times Square Hotel - retail and signage capital lease: Asset (included in development costs and construction in progress)	240,000	0
Marriott Marquis Times Square Hotel - retail and signage capital lease: Liability (included in other liabilities)	(240,000)	0
Like-kind exchange of real estate	230,913	45,625
Decrease in assets and liabilities resulting from deconsolidation of discontinued operations:
Assets related to discontinued operations	0	(145,333)
Liabilities related to discontinued operations	0	(232,502)
Write-off of fully depreciated assets	(151,496)	(58,279)
Toys R Us [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in net income of partially owned entities, including Toys "R" Us	(88,696)	(80,794)
All Equity Method Investees Excluding Toys [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in net income of partially owned entities, including Toys "R" Us	$ (53,491)	$ (55,035)

Consolidated Statements of Cash Flows (Parentheticals) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Consolidated Statements Of Cash Flows Parentheticals [Abstract]
Cash paid for capitalized interest	$ 7,884	$ 0

Organization

9 Months Ended

Sep. 30, 2012

Organization [Abstract]

Organization [Text Block]

1. Organization

Vornado Realty Trust (“Vornado”) is a fully-integrated real estate investment trust (“REIT”) and conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P., a Delaware limited partnership (the “Operating Partnership”). Accordingly, Vornado's cash flow and ability to pay dividends to its shareholders is dependent upon the cash flow of the Operating Partnership and the ability of its direct and indirect subsidiaries to first satisfy their obligations to creditors. Vornado is the sole general partner of, and owned approximately 93.8% of the common limited partnership interest in the Operating Partnership at September 30, 2012. All references to “we,” “us,” “our,” the “Company” and “Vornado” refer to Vornado Realty Trust and its consolidated subsidiaries, including the Operating Partnership.

Basis of Presentation

9 Months Ended

Sep. 30, 2012

Basis Of Presentation [Abstract]

Basis of Presentation [Text Block]

2. Basis of Presentation

The accompanying consolidated financial statements are unaudited and include the accounts of Vornado, and the Operating Partnership and its consolidated partially owned entities. All intercompany amounts have been eliminated. In our opinion, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and changes in cash flows have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted. These condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q of the Securities and Exchange Commission (the “SEC”) and should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K, as amended, for the year ended December 31, 2011, as filed with the SEC.

We have made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The results of operations for the three and nine months ended September 30, 2012 are not necessarily indicative of the operating results for the full year. Certain prior year balances have been reclassified in order to conform to current year presentation.

Recently Issued Accounting Literature

9 Months Ended

Sep. 30, 2012

Recently Issued Accounting Literature

Recently Issued Accounting Literature

3. Recently Issued Accounting Literature

In May 2011, the Financial Accounting Standards Board (“FASB”) issued Update No. 2011-04, Fair Value Measurements (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS (“ASU No. 2011-04”). ASU No. 2011-04 provides a uniform framework for fair value measurements and related disclosures between GAAP and International Financial Reporting Standards (“IFRS”) and requires additional disclosures, including: (i) quantitative information about unobservable inputs used, a description of the valuation processes used, and a qualitative discussion about the sensitivity of the measurements to changes in the unobservable inputs, for Level 3 fair value measurements; (ii) fair value of financial instruments not measured at fair value but for which disclosure of fair value is required, based on their levels in the fair value hierarchy; and (iii) transfers between Level 1 and Level 2 of the fair value hierarchy. The adoption of this update on January 1, 2012 did not have a material impact on our consolidated financial statements, but resulted in additional fair value measurement disclosures (see Note 14 – Fair Value Measurements).

- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 154
-Paragraph 2, 17, 18
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 28
-Paragraph 23, 24
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 01
-Paragraph b
-Subparagraph 6
-Article 10

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22499-107794

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22580-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=6958853&loc=d3e46468-122699

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22583-107794

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305

+ Details

Acquisitions

9 Months Ended

Sep. 30, 2012

Acquisitions [Abstract]

Acquisitions [Text Block]

4. Acquisitions

On July 5, 2012, we entered into an agreement to acquire a retail condominium located at 666 Fifth Avenue at 53rd Street for $707,000,000. The property has 126 feet of frontage on Fifth Avenue and contains 114,000 square feet, 39,000 square feet in fee and 75,000 square feet by long-term lease from the 666 Fifth Avenue office condominium, which is 49.5% owned by Vornado. The acquisition will be funded with proceeds from asset sales and property level debt and is expected to close in the fourth quarter, subject to customary closing conditions.

On July 30, 2012, we entered into a lease with Host Hotels & Resorts, Inc. (NYSE: HST) (“Host”), under which we will redevelop the retail and signage components of the Marriott Marquis Times Square Hotel. The Marriott Marquis with over 1,900 rooms is one of the largest hotels in Manhattan. It is located in the heart of the bow-tie of Times Square and spans the entire block front from 45th Street to 46th Street on Broadway. The Marriott Marquis is directly across from our 1540 Broadway iconic retail property leased to Forever 21 and Disney flagship stores. We plan to spend as much as $140,000,000 to redevelop and substantially expand the existing retail space, including converting the below grade parking garage into retail, and creating six-story, 300 foot wide block front, dynamic LED signs. During the term of the lease we will pay fixed rent equal to the sum of $12,500,000 plus a portion of the property's net cash flow, after we receive a 5.2% preferred return on our invested capital. The lease contains put/call options which, if exercised, would lead to our ownership. Host can exercise the put option during defined periods following the conversion of the project to a condominium. We can exercise our call option under the same terms, at any time after the fifteenth year of the lease term. We are accounting for this lease as a “capital lease” and have recorded a $240,000,000 capital lease asset and liability, which are included as a component of “development and construction in progress” and “other liabilities,” respectively, on our consolidated balance sheet. Although we have commenced paying the annual rent, there will be no income statement activity until the redevelopment is substantially complete.

Vornado Capital Partners Real Estate Fund (the "Fund")

9 Months Ended

Sep. 30, 2012

Vornado Capital Partners Real Estate Fund [Abstract]

Vornado Capital Partners Real Estate Fund (the "Fund") [Text Block]

5. Vornado Capital Partners Real Estate Fund (the “Fund”)

In February 2011, the Fund's subscription period closed with an aggregate of $800,000,000 of capital commitments, of which we committed $200,000,000. We are the general partner and investment manager of the Fund, which has an eight-year term and a three-year investment period. During the investment period, which concludes in July 2013, the Fund is our exclusive investment vehicle for all investments that fit within its investment parameters, as defined. The Fund is accounted for under the AICPA Investment Company Guide and its investments are reported on its balance sheet at fair value, with changes in value each period recognized in earnings. We consolidate the accounts of the Fund into our consolidated financial statements, retaining the fair value basis of accounting.

On April 26, 2012, the Fund acquired 520 Broadway, a 112,000 square foot office building located in Santa Monica, California for $59,650,000 and subsequently placed a $30,000,000 mortgage loan on the property. The three-year loan bears interest at LIBOR plus 2.25% and has two one-year extension options.

On July 2, 2012, the Fund acquired 1100 Lincoln Road, a 167,000 square foot retail property, the western anchor of the Lincoln Road Shopping District in Miami Beach, Florida, for $132,000,000. The purchase price consisted of $66,000,000 in cash and a $66,000,000 mortgage loan. The three-year loan bears interest at LIBOR plus 2.75% and has two one-year extension options.

On August 20, 2012, the Fund acquired 501 Broadway, a 9,000 square foot retail property in New York for $31,000,000. The purchase price consisted of $11,000,000 in cash and a $20,000,000 mortgage loan. The three-year loan bears interest at LIBOR plus 2.75% with a floor of 3.50%, and has two one-year extension options.

5. Vornado Capital Partners Real Estate Fund (the “Fund”) - continued

At September 30, 2012, the Fund had eight investments with an aggregate fair value of approximately $482,442,000, or $45,818,000 in excess of cost, and had remaining unfunded commitments of $314,371,000, of which our share was $78,592,750. Below is a summary of income from the Fund for the three and nine months ended September 30, 2012 and 2011.

		For the Three Months				For the Nine Months
(Amounts in thousands)		Ended September 30,				Ended September 30,
		2012		2011		2012		2011
Operating (loss) income		$	(49)	$	(286)	$	4,035	$	3,197
Net realized gain			-		-		-		3,085
Net unrealized gains			5,558		5,639		33,537		19,209
Income from Real Estate Fund			5,509		5,353		37,572		25,491
Less (income) attributable to noncontrolling interests			(4,787)		(3,675)		(25,026)		(15,703)
Income from Real Estate Fund attributable to Vornado ⁽¹⁾		$	722	$	1,678	$	12,546	$	9,788
___________________________________
___________________________________
(1)	Excludes management, leasing and development fees of $681 and $638 for the three months ended September 30, 2012 and 2011, respectively, and $2,025 and $1,803 for the nine months ended September 30, 2012 and 2011, respectively, which are included as a component of "fee and other income" on our consolidated statements of income.

Marketable Securities and Derivative Instruments

9 Months Ended

Sep. 30, 2012

Marketable Securities and Derivative Instruments [Abstract]

Marketable Securities and Derivative Instruments

6. Marketable Securities and Derivative Instruments

Marketable Securities

Our portfolio of marketable securities is comprised of debt and equity securities that are classified as available for sale. Available for sale securities are presented on our consolidated balance sheets at fair value. Gains and losses resulting from the mark-to-market of these securities are included in “other comprehensive income (loss).” Gains and losses are recognized in earnings only upon the sale of the securities and are recorded based on the weighted average cost of such securities.

In the nine months ended September 30, 2012 and 2011, we sold certain marketable securities for aggregate proceeds of $58,460,000 and $19,301,000, resulting in net gains of $3,582,000 and $2,139,000, respectively.

Below is a summary of our marketable securities portfolio as of September 30, 2012 and December 31, 2011.

		As of September 30, 2012							As of December 31, 2011
					GAAP		Unrealized					GAAP		Unrealized
		Maturity	Fair Value		Cost		(Loss) Gain		Maturity	Fair Value		Cost		Gain
Equity securities:
	J.C. Penney	n/a	$	451,406	$	591,214	$	(139,808)	n/a	$	653,228	$	591,069	$	62,159
	Other	n/a		33,595		14,228		19,367	n/a		30,568		14,585		15,983
Debt securities		n/a		-		-		-	04/13 - 10/18		57,525		53,941		3,584
			$	485,001	$	605,442	$	(120,441)		$	741,321	$	659,595	$	81,726

6. Marketable Securities and Derivative Instruments - continued

Investment in J.C. Penney Company, Inc. (“J.C. Penney”) (NYSE: JCP)

We own 23,400,000 J.C. Penney common shares, or 10.7% of its outstanding common shares. Below are the details of our investment.

We own 18,584,010 common shares at an average economic cost of $25.76 per share, or $478,677,000 in the aggregate. As of September 30, 2012, these shares have an aggregate fair value of $451,406,000, based on J.C. Penney's closing share price of $24.29 per share. Unrealized gains and losses from the mark-to-market of these shares are included in “other comprehensive income (loss).” The three and nine months ended September 30, 2012 include $18,213,000 of unrealized gains and $201,967,000 of unrealized losses, respectively. The three and nine months ended September 30, 2011 include unrealized losses of $144,212,000 and $102,920,000, respectively.

We also own an economic interest in 4,815,990 common shares through a forward contract at a weighted average strike price of $29.01 per share, or $139,723,000 in the aggregate. The forward contract was amended on October 8, 2012, such that, among other things, the contract may be settled, at our election, in cash or common shares, in whole or in part, at any time prior to October 8, 2022. The counterparty may accelerate settlement, in whole or in part, on October 8, 2014, or any anniversary thereof, or in the event we were to receive a credit downgrade. The forward contract strike price per share increases at an annual rate of LIBOR plus 95 basis points during the first two years of the contract and LIBOR plus 80 basis points thereafter. The contract is a derivative instrument that does not qualify for hedge accounting treatment. Gains and losses from the mark-to-market of the underlying common shares are recognized in “interest and other investment income (loss), net” on our consolidated statements of income. In the three and nine months ended September 30, 2012 we recognized income of $4,344,000 and a loss of $53,343,000, respectively, from the mark-to-market of the underlying common shares, and as of September 30, 2012, have funded $31,267,000 in connection with this derivative position. In the three and nine months ended September 30, 2011, we recognized losses of $37,537,000 and $27,136,000, respectively, from the mark-to-market of the underlying common shares.

At September 30, 2012, the aggregate economic net loss on our investment in J.C. Penney, after dividends, was $20,667,000, based on our economic cost of $26.43 per share.

Investments in Partially Owned Entities

9 Months Ended

Sep. 30, 2012

Investments in Partially Owned Entities [Abstract]

Investments in Partially Owned Entities

7. Investments in Partially Owned Entities

Toys “R” Us (“Toys”)

As of September 30, 2012, we own 32.5% of Toys. The business of Toys is highly seasonal. Historically, Toys' fourth quarter net income accounts for more than 80% of its fiscal year net income. We account for our investment in Toys under the equity method and record our 32.5% share of Toys net income or loss on a one-quarter lag basis because Toys' fiscal year ends on the Saturday nearest January 31, and our fiscal year ends on December 31. As of September 30, 2012, the carrying amount of our investment in Toys does not differ materially from our share of the equity in the net assets of Toys on a purchase accounting basis.

Below is a summary of Toys' latest available financial information on a purchase accounting basis:

(Amounts in thousands)						Balance as of
Balance Sheet:						July 28, 2012		October 29, 2011
	Assets					$	11,680,000	$	13,221,000
	Liabilities						9,836,000		11,530,000
	Noncontrolling interests						39,000		-
	Toys “R” Us, Inc. equity						1,805,000		1,691,000

		For the Three Months Ended				For the Nine Months Ended
Income Statement:		July 28, 2012		July 30, 2011		July 28, 2012		July 30, 2011
	Total revenues	$	2,552,000	$	2,648,000	$	11,089,000	$	11,256,000
	Net (loss) income attributable to Toys		(34,000)		(36,000)		249,000		227,000

7. Investments in Partially Owned Entities – continued

Alexander's, Inc. (“Alexander's”) (NYSE: ALX)

As of September 30, 2012, we own 1,654,068 Alexander's common shares, or approximately 32.4% of Alexander's common equity. We manage, lease and develop Alexander's properties pursuant to agreements which expire in March of each year and are automatically renewable. As of September 30, 2012, Alexander's owed us $39,794,000 in fees under these agreements.

As of September 30, 2012, the market value of our investment in Alexander's, based on Alexander's September 30, 2012 closing share price of $427.49, was $707,098,000, or $520,384,000 in excess of the carrying amount on our consolidated balance sheet. As of September 30, 2012, the carrying amount of our investment in Alexander's, excluding amounts owed to us, exceeds our share of the equity in the net assets of Alexander's by approximately $57,292,000. The majority of this basis difference resulted from the excess of our purchase price for the Alexander's common stock acquired over the book value of Alexander's net assets. Substantially all of this basis difference was allocated, based on our estimates of the fair values of Alexander's assets and liabilities, to real estate (land and buildings). We are amortizing the basis difference related to the buildings into earnings as additional depreciation expense over their estimated useful lives. This amortization is not material to our share of equity in Alexander's net income. The basis difference related to the land will be recognized upon disposition of our investment.

On October 21, 2012, Alexander's entered into an agreement to sell its Kings Plaza Regional Shopping Center located in Brooklyn, New York, for $751,000,000. Upon completion of the sale, we will recognize a financial statement gain of approximately $181,000,000. Alexander's expects to distribute the taxable gain to its stockholders as a special long-term capital gain dividend, of which our share is approximately $202,000,000 and we expect to pay this amount to our common shareholders as a special long-term capital gain dividend. The sale, which is subject to customary closing conditions, is expected to be completed in the fourth quarter.

Below is a summary of Alexander's latest available financial information:

(Amounts in thousands)						Balance as of
Balance Sheet:						September 30, 2012		December 31, 2011
	Assets					$	1,765,000	$	1,771,000
	Liabilities						1,401,000		1,408,000
	Noncontrolling interests						5,000		4,000
	Stockholders' equity						359,000		359,000

		For the Three Months Ended				For the Nine Months Ended
Income Statement:		September 30, 2012		September 30, 2011		September 30, 2012		September 30, 2011
	Total revenues	$	49,000	$	47,000	$	143,000	$	139,000
	Net income attributable to Alexander’s		19,000		20,000		57,000		59,000

Lexington Realty Trust (“Lexington”) (NYSE: LXP)

As of September 30, 2012, we own 18,468,969 Lexington common shares, or approximately 11.8% of Lexington's common equity. We account for our investment in Lexington under the equity method because we believe we have the ability to exercise significant influence over Lexington's operating and financial policies, based on, among other factors, our representation on Lexington's Board of Trustees and the level of our ownership in Lexington as compared to other shareholders. We record our pro rata share of Lexington's net income or loss on a one-quarter lag basis because we file our consolidated financial statements on Form 10-K and 10-Q prior to the time that Lexington files its consolidated financial statements.

7. Investments in Partially Owned Entities – continued

Based on Lexington's September 30, 2012 closing share price of $9.66, the market value of our investment in Lexington was $178,410,000, or $128,139,000 in excess of the September 30, 2012 carrying amount on our consolidated balance sheet. As of September 30, 2012, the carrying amount of our investment in Lexington was less than our share of the equity in the net assets of Lexington by approximately $45,445,000. This basis difference resulted primarily from $107,882,000 of non-cash impairment charges recognized in 2008, partially offset by purchase accounting for our acquisition of an additional 8,000,000 common shares of Lexington in October 2008, of which the majority relates to our estimate of the fair values of Lexington's real estate (land and buildings) as compared to the carrying amounts in Lexington's consolidated financial statements. We are amortizing the basis difference related to the buildings into earnings as additional depreciation expense over their estimated useful lives. This amortization is not material to our share of equity in Lexington's net income or loss. The basis difference related to the land will be recognized upon disposition of our investment. Below is a summary of Lexington's latest available financial information:

(Amounts in thousands)						Balance as of
Balance Sheet:						June 30, 2012		September 30, 2011
	Assets					$	3,017,000	$	3,164,000
	Liabilities						1,937,000		1,888,000
	Noncontrolling interests						28,000		59,000
	Shareholders’ equity						1,052,000		1,217,000

		For the Three Months Ended				For the Nine Months Ended
Income Statement:		June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011
	Total revenues	$	84,000	$	78,000	$	250,000	$	238,000
	Net income (loss) attributable to Lexington		5,000		(44,000)		22,000		(49,000)

In October 2012, Lexington sold 15,000,000 shares in an underwritten public offering at a public offering price of $9.45 per share. As a result, our ownership in Lexington will decrease to 10.8% and we will record a $12,983,000 net gain in connection with this stock issuance, in the fourth quarter.

LNR Property LLC (“LNR”)

As of September 30, 2012, we own a 26.2% equity interest in LNR. We account for our investment in LNR under the equity method and record our 26.2% share of LNR's net income or loss on a one-quarter lag basis because we file our consolidated financial statements on Form 10-K and 10-Q prior to receiving LNR's consolidated financial statements.

LNR consolidates certain Commercial Mortgage-Backed Securities (“CMBS”) and Collateralized Debt Obligation (“CDO”) trusts for which it is the primary beneficiary. The assets of these trusts (primarily commercial mortgage loans), which aggregate approximately $83 billion as of June 30, 2012, are the sole source of repayment of the related liabilities, which are non-recourse to LNR and its equity holders, including us. Changes in the fair value of these assets each period are offset by changes in the fair value of the related liabilities through LNR's consolidated income statement. As of September 30, 2012, the carrying amount of our investment in LNR does not materially differ from our share of LNR's equity. Below is a summary of LNR's latest available financial information:

(Amounts in thousands)						Balance as of
Balance Sheet:						June 30, 2012		September 30, 2011
	Assets					$	83,899,000	$	128,536,000
	Liabilities						83,087,000		127,809,000
	Noncontrolling interests						9,000		55,000
	LNR Property Corporation equity						803,000		672,000

		For the Three Months Ended				For the Nine Months Ended
Income Statement:		June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011
	Total revenues	$	59,000	$	73,000	$	163,000	$	156,000
	Net income attributable to LNR		63,000		52,000		150,000		152,000

7. Investments in Partially Owned Entities – continued

Below is a schedule of our investments in partially owned entities as of September 30, 2012 and December 31, 2011.

			Percentage
(Amounts in thousands)			Ownership at		Balance as of
Investments:			September 30, 2012		September 30, 2012		December 31, 2011
Toys				32.5%⁽¹⁾	$	549,421	$	506,809

Alexander’s				32.4%	$	186,714	$	189,775

Lexington				11.8%⁽²⁾		50,271		57,402

LNR				26.2%		197,231		174,408

India real estate ventures				4.0%-36.5%		94,241		80,499

Partially owned office buildings:
	280 Park Avenue			49.5%		190,034		184,516
	Rosslyn Plaza			43.7%-50.4%		62,272		53,333
	West 57th Street properties			50.0%		57,920		58,529
	One Park Avenue			30.3%		50,275		47,568
	666 Fifth Avenue Office Condominium			49.5%		34,162		23,655
	330 Madison Avenue			25.0%		24,900		20,353
	1101 17th Street			55.0%		22,271		20,407
	Warner Building			55.0%		11,603		2,715
	Fairfax Square			20.0%		5,870		6,343
	Other partially owned office buildings			Various		10,042		11,547

Other investments:
	Independence Plaza Partnership⁽³⁾			51.0%		53,545		48,511
	Verde Realty Operating Partnership⁽⁴⁾			8.3%		52,910		59,801
	Downtown Crossing, Boston			50.0%		47,605		46,691
	Monmouth Mall			50.0%		7,373		7,536
	Other investments⁽⁵⁾			Various		160,471		140,061
					$	1,319,710	$	1,233,650


(1)		32.7% at December 31, 2011.

(2)		12.0% at December 31, 2011.

(3)		Represents an investment in mezzanine loans to the property owner entity.

(4)		In the third quarter of 2012, we converted our 2,015,151 units in Verde Realty Operating Partnership into 2,015,151 common shares of Verde Realty ("Verde"). Pursuant to a merger agreement which was approved by Verde shareholders on September 14, 2012, we accepted an offer to receive cash of $13.85 per share, or $27,910 in the aggregate; accordingly, we recognized a $4,936 impairment loss in the third quarter. At September 30, 2012, the $52,910 carrying amount of our investment in Verde is comprised of the $27,910 value of the common shares and $25,000 of convertible debentures that are senior to the equity and mature in December 2018. Upon completion of the merger, we will reclassify the convertible debentures to other assets.

(5)		Includes interests in 85 10th Avenue, Farley Project, Suffolk Downs, Dune Capital L.P., Fashion Centre Mall and others.

7. Investments in Partially Owned Entities - continued

Below is a schedule of income recognized from investments in partially owned entities for the three and nine months ended September 30, 2012 and 2011.

				Percentage	For the Three Months				For the Nine Months
(Amounts in thousands)				Ownership	Ended September 30,				Ended September 30,
Our Share of Net Income (Loss):				September 30, 2012	2012		2011		2012		2011
Toys:				32.5%
	Equity in net (loss) income before income taxes				$	(22,074)	$	(26,773)	$	99,649	$	104,049
	Income tax benefit (expense)					11,118		15,135		(17,982)		(29,914)
	Equity in net (loss) income					(10,956)		(11,638)		81,667		74,135
	Management fees					2,371		2,334		7,029		6,659
					$	(8,585)	$	(9,304)	$	88,696	$	80,794

Alexander’s:				32.4%
	Equity in net income				$	7,137	$	6,437	$	19,210	$	18,507
	Fee income					1,821		1,758		5,617		5,545
						8,958		8,195		24,827		24,052

Lexington:				11.8%
	Equity in net (loss) income					(323)		(617)		371		449
	Net gain resulting from Lexington's stock issuance					-		-		-		9,760
						(323)		(617)		371		10,209

LNR:				26.2%
	Equity in net income					16,600		13,656		39,319		24,916
	Net gains from asset sales and tax settlement gains					-		-		-		14,997
						16,600		13,656		39,319		39,913

India real estate ventures				4.0%-36.5%		82		(690)		(4,526)		(692)

Partially owned office buildings:
	Warner Building:			55.0%
		Equity in net loss				(2,839)		(2,783)		(7,438)		(6,308)
		Straight-line reserves and write-off of tenant
			improvements			-		-		-		(9,022)
						(2,839)		(2,783)		(7,438)		(15,330)
	280 Park Avenue (acquired in May 2011)			49.5%		(1,717)		(6,461)		(9,267)		(8,645)
	666 Fifth Avenue Office Condominium (acquired
		in December 2011)		49.5%		1,744		-		5,244		-
	330 Madison Avenue			25.0%		1,224		315		2,036		1,440
	1101 17th Street			55.0%		591		671		1,920		2,094
	One Park Avenue (acquired in March 2011)			30.3%		256		124		890		(1,347)
	West 57th Street properties			50.0%		167		298		732		634
	Rosslyn Plaza			43.7%-50.4%		(204)		(60)		99		2,160
	Fairfax Square			20.0%		(33)		(22)		(85)		7
	Other partially owned office buildings			Various		505		1,079		1,587		5,165
						(306)		(6,839)		(4,282)		(13,822)

Other investments:
	Verde Realty Operating Partnership⁽¹⁾			8.3%		(5,388)		2,413		(6,000)		1,204
	Independence Plaza Partnership (acquired in June 2011)⁽²⁾			51.0%		1,828		1,811		5,243		1,811
	Monmouth Mall			50.0%		347		631		1,007		1,588
	Downtown Crossing, Boston			50.0%		(38)		(408)		(872)		(1,156)
	Other investments⁽³⁾			Various		(492)		(5,012)		(1,596)		(8,072)
						(3,743)		(565)		(2,218)		(4,625)

					$	21,268	$	13,140	$	53,491	$	55,035

(1)		2012 includes a $4,936 impairment loss (see note 4 on page 16)

(2)		Represents an investment in mezzanine loans to the property owner entity.

(3)		Includes interests in 85 10th Avenue, Farley Project, Suffolk Downs, Dune Capital L.P., Fashion Centre Mall and others.

7. Investments in Partially Owned Entities – continued

Below is a summary of the debt of our partially owned entities as of September 30, 2012 and December 31, 2011, none of which is recourse to us.

			Percentage		Interest	100% of
			Ownership at		Rate at	Partially Owned Entities’ Debt at
(Amounts in thousands)			September 30,		September 30,	September 30,		December 31,
			2012	Maturity	2012	2012		2011
Toys:			32.5%⁽¹⁾
	Notes, loans and mortgages payable			2013-2021	7.40%	$	5,423,735	$	6,047,521

Alexander's:			32.4%
	Mortgage notes payable			2013-2018	3.50%	$	1,319,776	$	1,330,932

Lexington:			11.8%⁽²⁾
	Mortgage notes payable			2012-2037	5.45%	$	1,739,466	$	1,712,750

LNR:			26.2%
	Mortgage notes payable			2013-2031	3.89%	$	466,882	$	353,504
	Liabilities of consolidated CMBS and CDO trusts			n/a	5.32%		82,522,220		127,348,336
						$	82,989,102	$	127,701,840

Partially owned office buildings:
	666 Fifth Avenue Office Condominium mortgage
		note payable	49.5%	02/19	6.76%	$	1,090,592	$	1,035,884
	280 Park Avenue mortgage notes payable		49.5%	06/16	6.65%		738,009		737,678
	Warner Building mortgage note payable		55.0%	05/16	6.26%		292,700		292,700
	One Park Avenue mortgage note payable		30.3%	03/16	5.00%		250,000		250,000
	330 Madison Avenue mortgage note payable		25.0%	06/15	1.73%		150,000		150,000
	Fairfax Square mortgage note payable		20.0%	12/14	7.00%		70,344		70,974
	Rosslyn Plaza mortgage note payable		43.7% to 50.4%	n/a	n/a		-		56,680
	West 57th Street properties mortgage note payable		50.0%	02/14	4.94%		20,628		21,864
	Other		Various	Various	6.38%		69,839		70,230
						$	2,682,112	$	2,686,010

India Real Estate Ventures:
	TCG Urban Infrastructure Holdings mortgage notes
		payable	25.0%	2012-2022	13.13%	$	241,208	$	226,534

Other:
	Verde Realty Operating Partnership mortgage notes
		payable	8.3%	2013-2025	5.52%	$	503,211	$	340,378
	Monmouth Mall mortgage note payable		50.0%	09/15	5.44%		160,662		162,153
	Other⁽³⁾		Various	Various	4.93%		994,009		992,872
						$	1,657,882	$	1,495,403


(1)		32.7% at December 31, 2011.

(2)		12.0% at December 31, 2011.

(3)		Includes interests in Suffolk Downs, Fashion Centre Mall and others.

Based on our ownership interest in the partially owned entities above, our pro rata share of the debt of these partially owned entities was $25,648,473,000 and $37,531,298,000 at September 30, 2012 and December 31, 2011, respectively. Excluding our pro rata share of LNR's liabilities related to consolidated CMBS and CDO trusts, which are non-recourse to LNR and its equity holders, including us, our pro rata share of partially owned entities debt was $4,049,108,000 and $4,199,145,000 at September 30, 2012 and December 31, 2011, respectively.

- Definition

The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

+ References + Details

Discontinued Operations

9 Months Ended

Sep. 30, 2012

Discontinued Operations [Abstract]

Discontinued Operations

8. Discontinued Operations

2012 Activity:

During 2012, we sold or have entered into agreements to sell (i) five Mart properties, (ii) four Washington, DC properties, (iii) 13 non-core strip shopping centers and the Green Acres Mall, for an aggregate of $1,500,000,000. Below are the details of these transactions.

Merchandise Mart Properties

On January 6, 2012, we completed the sale of 350 West Mart Center, a 1.2 million square foot office building in Chicago, Illinois, for $228,000,000 in cash, which resulted in a net gain of $54,911,000.

On June 22, 2012, we completed the sale of L.A. Mart, a 784,000 square foot showroom building in Los Angeles, California for $53,000,000, of which $18,000,000 was cash and $35,000,000 was nine-month seller financing at 6.0%.

On July 5, 2012, we entered into agreements to sell the Washington Design Center, the Boston Design Center and the Canadian Trade Shows, for an aggregate of $175,000,000 in cash. The sales of the Canadian Trade Shows and the Washington Design Center were completed in July 2012 and the sale of the Canadian Trade Shows resulted in an after-tax net gain of $19,657,000. The sale of the Boston Design Center will result in a net gain of approximately $5,300,000 and is expected to be completed in the fourth quarter, subject to customary closing conditions.

Washington, DC Properties

On July 26, 2012, we completed the sale of 409 Third Street S.W., a 409,000 square foot office building in Washington, DC, for $200,000,000 in cash, which resulted in a net gain of $126,621,000. This building is contiguous to the Washington Design Center and was sold to the same purchaser.

On October 26, 2012, we entered into an agreement to sell three office buildings (“Reston Executive”) located in suburban Fairfax County, Virginia, containing 494,000 square feet for $126,000,000, which will result in a net gain of approximately $35,000,000. The sale, which is subject to customary closing conditions, is expected to be completed in the fourth quarter.

Retail Properties

In 2012, we sold 12 non-core strip shopping centers in separate transactions, for an aggregate of $157,000,000 in cash, which resulted in a net gain aggregating $22,266,000, of which $4,464,000 was recognized in the third quarter. In addition we have entered into an agreement to sell a building on Market Street, Philadelphia, which is part of the Gallery at Market East for $60,000,000, which will result in a net gain of approximately $35,000,000. The sale, which is subject to customary closing conditions, is expected to be completed in the fourth quarter.

On October 21, 2012, we entered into an agreement to sell the Green Acres Mall located in Valley Stream, New York, for $500,000,000. Net proceeds from the sale will be approximately $185,000,000. The financial statement gain will be approximately $195,000,000. The tax gain will be approximately $304,000,000, which is expected to be deferred as part of a like-kind exchange. The sale, which is expected to be completed in the first quarter of 2013, is subject to customary closing conditions and is conditioned on the closing of the sale of Kings Plaza (an Alexander's property), which is being sold to the same purchaser.

2011 Activity:

During 2011, we (i) completed the disposition of the High Point Complex in North Carolina, which resulted in an $83,907,000 net gain on extinguishment of debt and (ii) sold three non-core strip shopping centers and two office buildings in Washington, DC for an aggregate of $168,000,000 in cash, which resulted in a net gain aggregating $51,623,000.

8. Discontinued Operations - continued

We have reclassified the revenues and expenses of all of the properties discussed above, as well as eight other retail properties that are currently held for sale to “income from discontinued operations” and the related assets and liabilities to “assets related to discontinued operations” and “liabilities related to discontinued operations” for all of the periods presented in the accompanying financial statements. The tables below set forth the assets and liabilities related to discontinued operations at September 30, 2012 and December 31, 2011 and their combined results of operations for the three and nine months ended September 30, 2012 and 2011.

		Assets Related to				Liabilities Related to
(Amounts in thousands)		Discontinued Operations as of				Discontinued Operations as of
		September 30,		December 31,		September 30,		December 31,
		2012		2011		2012		2011
Retail Properties		$	384,973	$	520,014	$	319,233	$	351,083
Washington, DC Properties			86,933		152,568		93,000		93,000
Merchandise Mart Properties			66,032		376,571		66,747		74,236
Total		$	537,938	$	1,049,153	$	478,980	$	518,319


		For the Three Months				For the Nine Months
(Amounts in thousands)		Ended September 30,				Ended September 30,
		2012		2011		2012		2011
Total revenues		$	27,651	$	49,656	$	112,585	$	160,747
Total expenses			21,082		41,212		81,508		130,571
			6,569		8,444		31,077		30,176
Net gains on sale of real estate			131,088		-		203,801		51,623
Gain on sale of Canadian Trade Shows, net of $11,448 of
	income taxes		19,657		-		19,657		-
Impairment losses			-		-		(13,511)		-
Net gain on extinguishment of High Point debt			-		-		-		83,907
Income from discontinued operations		$	157,314	$	8,444	$	241,024	$	165,706

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43-48
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760

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-Topic 205
-SubTopic 20
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759

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-Publisher FASB
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-SubTopic 20
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6390789&loc=d3e2443-110228

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760

+ Details

Mezzanine Loans Receivable

9 Months Ended

Sep. 30, 2012

Mezzanine Loans Receivable [Abstract]

Mezzanine Loans Receivable

9. Mezzanine Loans Receivable

As of September 30, 2012 and December 31, 2011, the carrying amount of mezzanine loans receivable was $131,585,000 and $133,948,000, respectively. These loans have a weighted average interest rate of 9.53% and maturities ranging from August 2014 to May 2016.

On October 19, 2012, we acquired a 25% participation in a $475,000,000 first mortgage and mezzanine loan for the acquisition and redevelopment of a 10-story retail building at 701 Seventh Avenue in Times Square. The loan has an interest rate of LIBOR plus 10.2%, with a LIBOR floor of 1.0%. Of the $475,000,000, we have funded $93,750,000, representing our 25% share of the $375,000,000 that has been funded. $25,000,000, our 25% share of the remaining $100,000,000, will be funded during the development of the property.

Identified Intangible Assets and Liabilities

9 Months Ended

Sep. 30, 2012

Identified Intangible Assets and Liabilities [Abstract]

Identified Intangible Assets and Intangible Liabilities

10. Identified Intangible Assets and Liabilities

The following summarizes our identified intangible assets (primarily acquired above-market leases) and liabilities (primarily acquired below-market leases) as of September 30, 2012 and December 31, 2011.

	Balance as of
	September 30,		December 31,
(Amounts in thousands)	2012		2011
Identified intangible assets:
Gross amount	$	615,199	$	642,471
Accumulated amortization		(362,516)		(347,039)
Net	$	252,683	$	295,432
Identified intangible liabilities (included in deferred revenue):
Gross amount	$	816,774	$	830,411
Accumulated amortization		(398,262)		(367,525)
Net	$	418,512	$	462,886

Amortization of acquired below-market leases, net of acquired above-market leases, resulted in an increase to rental income of $13,242,000 and $15,847,000 for the three months ended September 30, 2012 and 2011, respectively, and $39,228,000 and $48,681,000 for the nine months ended September 30, 2012 and 2011, respectively. Estimated annual amortization of acquired below-market leases, net of acquired above-market leases, for each of the five succeeding years commencing January 1, 2013 is as follows:

(Amounts in thousands)
2013	$	42,023
2014		36,603
2015		33,816
2016		31,333
2017		25,841

Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $11,940,000 and $15,397,000 for the three months ended September 30, 2012 and 2011, respectively, and $38,361,000 and $42,090,000 for the nine months ended September 30, 2012 and 2011, respectively. Estimated annual amortization of all other identified intangible assets including acquired in-place leases, customer relationships, and third party contracts for each of the five succeeding years commencing January 1, 2013 is as follows:

(Amounts in thousands)
2013	$	40,739
2014		22,450
2015		17,244
2016		14,714
2017		11,853

We are a tenant under ground leases for certain properties. Amortization of these acquired below-market leases, net of above-market leases resulted in an increase to rent expense of $408,000 and $344,000 for the three months ended September 30, 2012 and 2011, respectively, and $1,182,000 and $1,033,000 for the nine months ended September 30, 2012 and 2011, respectively. Estimated annual amortization of these below-market leases, net of above-market leases for each of the five succeeding years commencing January 1, 2013 is as follows:

(Amounts in thousands)
2013	$	1,472
2014		1,457
2015		1,457
2016		1,457
2017		1,457

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Debt

9 Months Ended

Sep. 30, 2012

Debt Disclosure [Abstract]

Debt

11. Debt

The following is a summary of our debt:

				Interest
(Amounts in thousands)				Rate at	Balance at
				September 30,	September 30,		December 31,
Notes and mortgages payable:			Maturity (1)	2012	2012		2011
Fixed rate:
	New York:
		Two Penn Plaza	03/18	5.13%	$	425,000	$	425,000
		1290 Avenue of the Americas	01/13	5.97%		410,021		413,111
		770 Broadway	03/16	5.65%		353,000		353,000
		888 Seventh Avenue	01/16	5.71%		318,554		318,554
		350 Park Avenue⁽²⁾	01/17	3.75%		300,000		430,000
		909 Third Avenue	04/15	5.64%		200,241		203,217
		828-850 Madison Avenue Condominium - retail	06/18	5.29%		80,000		80,000
		510 5th Avenue - retail	01/16	5.60%		31,377		31,732

	Washington, DC:
		Skyline Properties⁽³⁾	02/17	5.74%		694,711		678,000
		River House Apartments	04/15	5.43%		195,546		195,546
		2101 L Street⁽⁴⁾	08/24	3.97%		150,000		-
		2121 Crystal Drive	03/23	5.51%		150,000		150,000
		Bowen Building	06/16	6.14%		115,022		115,022
		1215 Clark Street, 200 12th Street and 251 18th Street	01/25	7.09%		106,628		108,423
		West End 25	06/21	4.88%		101,671		101,671
		Universal Buildings	04/14	6.49%		94,497		98,239
		2011 Crystal Drive	08/17	7.30%		79,865		80,486
		1550 and 1750 Crystal Drive	11/14	7.08%		74,765		76,624
		220 20th Street	02/18	4.61%		74,246		75,037
		2231 Crystal Drive	08/13	7.08%		42,160		43,819
		1225 Clark Street	08/13	7.08%		25,219		26,211
		1235 Clark Street	n/a	n/a		-		51,309
		1750 Pennsylvania Avenue	n/a	n/a		-		44,330

	Retail:
		Cross-collateralized mortgages on 40 strip shopping centers	09/20	4.23%		576,281		585,398
		Montehiedra Town Center	07/16	6.04%		120,000		120,000
		Broadway Mall	07/13	5.30%		85,840		87,750
		North Bergen (Tonnelle Avenue)	01/18	4.59%		75,000		75,000
		Las Catalinas Mall	11/13	6.97%		54,719		55,912
		Other	06/14-05/36	5.12%-7.30%		87,055		88,237

	Merchandise Mart:
		Merchandise Mart	12/16	5.57%		550,000		550,000

	Other:
		555 California Street	09/21	5.10%		600,000		600,000
		Borgata Land	02/21	5.14%		60,000		60,000
Total fixed rate notes and mortgages payable				5.40%	$	6,231,418	$	6,321,628
___________________
		See notes on page 24.

11. Debt - continued

					Interest
(Amounts in thousands)					Rate at	Balance at
				Spread over	September 30,	September 30,		December 31,
Notes and mortgages payable:			Maturity (1)	LIBOR	2012	2012		2011
Variable rate:
	New York:
		Eleven Penn Plaza	01/19	L+235	2.58%	$	330,000	$	330,000
		100 West 33rd Street - office & retail⁽⁵⁾	03/17	L+250	2.73%		325,000		232,000
		4 Union Square South - retail	04/14	L+325	3.48%		75,000		75,000
		435 Seventh Avenue - retail⁽⁶⁾	08/19	L+225	2.47%		98,000		51,353
		866 UN Plaza	05/16	L+125	1.48%		44,978		44,978
	Washington, DC:
		River House Apartments	04/18	n/a⁽⁷⁾	1.63%		64,000		64,000
		2200/2300 Clarendon Boulevard	01/15	L+75	0.98%		48,859		53,344
		1730 M and 1150 17th Street	06/14	L+140	1.62%		43,581		43,581
		2101 L Street ⁽⁴⁾	n/a	n/a	n/a		-		150,000
	Retail:
		Bergen Town Center	03/13	L+150	1.73%		282,312		283,590
		San Jose Strip Center	03/13	L+400	4.25%		106,332		112,476
		Cross-collateralized mortgages on 40 strip
		shopping centers ⁽⁸⁾	09/20	L+136⁽⁸⁾	2.36%		60,000		60,000
		Beverly Connection	n/a	n/a	n/a		-		100,000
		Other	11/12	L+375	3.98%		19,427		19,876
	Other:
		220 Central Park South	10/13	L+275	2.97%		123,750		123,750
	Total variable rate notes and mortgages payable				2.50%		1,621,239		1,743,948
	Total notes and mortgages payable				4.80%	$	7,852,657	$	8,065,576

Senior unsecured notes:
	Senior unsecured notes due 2015		04/15		4.25%	$	499,586	$	499,462
	Senior unsecured notes due 2039 ⁽⁹⁾		10/39		7.88%		460,000		460,000
	Senior unsecured notes due 2022		01/22		5.00%		398,335		398,199
	Total senior unsecured notes				5.70%	$	1,357,921	$	1,357,661

Unsecured revolving credit facilities:
	$1.25 billion unsecured revolving credit facility		11/16	L+125	1.43%	$	600,000	$	138,000
	$1.25 billion unsecured revolving credit facility
		($22,576 reserved for outstanding letters of credit)	06/16	L+135	-		-		-
	Total unsecured revolving credit facilities				1.43%	$	600,000	$	138,000

3.88% exchangeable senior debentures⁽¹⁰⁾			n/a		n/a	$	-	$	497,898

2.85% convertible senior debentures⁽¹⁰⁾			n/a		n/a	$	-	$	10,168

	See notes on the following page.

11. Debt - continued

	Notes to preceding tabular information (amounts in thousands):

	(1)	Represents the extended maturity for certain loans in which we have the unilateral right, ability and intent to extend.

	(2)	On January 9, 2012, we completed a $300,000 refinancing of this property. The five-year fixed rate loan bears interest at 3.75% and amortizes based on a 30-year schedule beginning in the third year. The proceeds of the new loan and $132,000 of existing cash were used to repay the existing loan and closing costs.

	(3)	In the first quarter of 2012, we notified the lender that due to scheduled lease expirations resulting primarily from the effects of the Base Realignment and Closure statute, the Skyline properties had a 26% vacancy rate, which is expected to increase and, accordingly, cash flows are expected to decrease. As a result, our subsidiary that owns these properties does not have and is not expected to have for some time sufficient funds to pay all of its current obligations, including interest payments to the lender. Based on the projected vacancy and the significant amount of capital required to re-tenant these properties, at our request, the mortgage loan was transferred to the special servicer. In the second quarter of 2012, we entered into a forbearance agreement with the special servicer to apply cash flows of the property, before interest on the loan, towards the repayment of $4,000 of tenant improvements and leasing commissions we recently funded in connection with a new lease at these properties. In the third quarter, we were repaid our capital in full. The forbearance agreement (amended September 1, 2012, to extend its maturity) provides that through the December 1, 2012 payment date, any interest shortfall would be deferred and added to the principal balance of the loan and not give rise to a loan default. As of September 30, 2012, the deferred interest amounted to $16,711. We continue to negotiate with the special servicer to restructure the terms of the loan.

	(4)	On July 26, 2012, we completed a $150,000 refinancing of this property. The twelve-year fixed rate loan bears interest at 3.97% and amortizes based on a 30-year schedule beginning in the third year.

	(5)	On March 5, 2012, we completed a $325,000 refinancing of this property. The three-year loan bears interest at LIBOR plus 2.50% and has two one-year extension options. We retained net proceeds of approximately $87,000, after repaying the existing loan and closing costs.

	(6)	On August 17, 2012, we completed a $98,000 refinancing of this property. The seven-year loan bears interest at LIBOR plus 2.25%. We retained net proceeds of approximately $44,000 after repaying the existing loan and closing costs.

	(7)	Interest at the Freddie Mac Reference Note Rate plus 1.53%.

	(8)	LIBOR floor of 1.00%.

	(9)	May be redeemed at our option in whole or in part beginning on October 1, 2014, at a price equal to the principal amount plus accrued interest.

	(10)	In April 2012, we redeemed all of the outstanding exchangeable and convertible senior debentures at par, for an aggregate of $510,215 in cash.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Redeemable Noncontrolling Interests

9 Months Ended

Sep. 30, 2012

Redeemable Noncontrolling Interests [Abstract]

Redeemable Noncontrolling Interests

12. Redeemable Noncontrolling Interests

Redeemable noncontrolling interests on our consolidated balance sheets represent Operating Partnership units held by third parties and are comprised of Class A units and Series D-15 and D-16 cumulative redeemable preferred units. Redeemable noncontrolling interests on our consolidated balance sheets are recorded at the greater of their carrying amount or redemption value at the end of each reporting period. Changes in the value from period to period are charged to “additional capital” in our consolidated statements of changes in equity. Below is a table summarizing the activity of redeemable noncontrolling interests.

(Amounts in thousands)
Balance at December 31, 2010	$	1,327,974
Net income		47,364
Distributions		(38,393)
Conversion of Class A units into common shares, at redemption value		(38,220)
Adjustments to carry redeemable Class A units at redemption value		(114,628)
Redemption of Series D-11 redeemable units		(28,000)
Other, net		4,623
Balance at September 30, 2011	$	1,160,720

Balance at December 31, 2011	$	1,160,677
Net income		40,595
Distributions		(34,138)
Conversion of Class A units into common shares, at redemption value		(51,216)
Adjustments to carry redeemable Class A units at redemption value		63,657
Redemption of Series D-10 and D-14 redeemable units		(168,300)
Other, net		(15,776)
Balance at September 30, 2012	$	995,499

On July 19, 2012, we redeemed all of the outstanding 7.0% Series D-10 and 6.75% Series D-14 cumulative redeemable preferred units with an aggregate face amount of $180,000,000 for $168,300,000 in cash, plus accrued and unpaid distributions through the date of redemption.

As of September 30, 2012 and December 31, 2011, the aggregate redemption value of redeemable Class A units was $949,499,000 and $934,677,000, respectively.

Redeemable noncontrolling interests exclude our Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units, as they are accounted for as liabilities in accordance with ASC 480, Distinguishing Liabilities and Equity, because of their possible settlement by issuing a variable number of Vornado common shares. Accordingly, the fair value of these units is included as a component of “other liabilities” on our consolidated balance sheets and aggregated $55,097,000 and $54,865,000 as of September 30, 2012 and December 31, 2011, respectively.

Shareholders Equity

9 Months Ended

Sep. 30, 2012

Shareholders' Equity [Abstract]

Shareholders' Equity

13. Shareholders' Equity

On July 11, 2012, we sold 12,000,000 5.70% Series K Cumulative Redeemable Preferred Shares at a price of $25.00 per share in an underwritten public offering pursuant to an effective registration statement. We retained aggregate net proceeds of $291,144,000, after underwriters' discounts and issuance costs. Dividends on the Series K Preferred Shares are cumulative and payable quarterly in arrears. The Series K Preferred Shares are not convertible into, or exchangeable for, any of our properties or securities. On or after five years from the date of issuance (or sooner under limited circumstances), we may redeem the Series K Preferred Shares at a redemption price of $25.00 per share, plus accrued and unpaid dividends through the date of redemption. The Series K Preferred Shares have no maturity date and will remain outstanding indefinitely unless redeemed by us.

On August 16, 2012, we redeemed all of the outstanding 7.0% Series E Cumulative Redeemable Preferred Shares at par, for an aggregate of $75,000,000 in cash, plus accrued and unpaid dividends through the date of redemption.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

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-Article 4
-Section 08
-Paragraph d

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Research Bulletin (ARB)
-Number 43
-Chapter 1
-Section B
-Paragraph 7, 11A
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Fair Value Measurements

9 Months Ended

Sep. 30, 2012

Fair Value Disclosures [Abstract]

Fair Value Measurements [Text Block]

14. Fair Value Measurements

ASC 820, Fair Value Measurement and Disclosures defines fair value and establishes a framework for measuring fair value. The objective of fair value is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). ASC 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: Level 1 – quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities; Level 2 – observable prices that are based on inputs not quoted in active markets, but corroborated by market data; and Level 3 – unobservable inputs that are used when little or no market data is available. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as consider counterparty credit risk in our assessment of fair value. Considerable judgment is necessary to interpret Level 2 and 3 inputs in determining the fair value of our financial and non-financial assets and liabilities. Accordingly, our fair value estimates, which are made at the end of each reporting period, may be different than the amounts that may ultimately be realized upon sale or disposition of these assets.

Financial Assets and Liabilities Measured at Fair Value

Financial assets and liabilities that are measured at fair value in our consolidated financial statements consist of (i) marketable securities, (ii) Real Estate Fund investments, (iii) the assets in our deferred compensation plan (for which there is a corresponding liability on our consolidated balance sheet), (iv) derivative positions in marketable equity securities, (v) interest rate swaps and (vi) mandatorily redeemable instruments (Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units). The tables below aggregate the fair values of these financial assets and liabilities by their levels in the fair value hierarchy at September 30, 2012 and December 31, 2011, respectively.

			As of September 30, 2012
(Amounts in thousands)			Total		Level 1		Level 2		Level 3
	Marketable securities		$	485,001	$	485,001	$	-	$	-
	Real Estate Fund investments (75% of which is attributable to
		noncontrolling interests)		482,442		-		-		482,442
	Deferred compensation plan assets (included in other assets)			103,003		42,236		-		60,767
	J.C. Penney derivative position (included in other assets)⁽¹⁾			8,524		-		8,524		-
		Total assets	$	1,078,970	$	527,237	$	8,524	$	543,209

	Mandatorily redeemable instruments (included in other liabilities)		$	55,097	$	55,097	$	-	$	-
	Interest rate swap (included in other liabilities)			52,935		-		52,935		-
		Total liabilities	$	108,032	$	55,097	$	52,935	$	-


	(1) Represents the cash deposited with the counterparty in excess of the mark-to-market loss on the derivative position.

			As of December 31, 2011
(Amounts in thousands)			Total		Level 1		Level 2		Level 3
	Marketable securities		$	741,321	$	741,321	$	-	$	-
	Real Estate Fund investments (75% of which is attributable to
		noncontrolling interests)		346,650		-		-		346,650
	Deferred compensation plan assets (included in other assets)			95,457		39,236		-		56,221
	J.C. Penney derivative position (included in other assets)⁽¹⁾			30,600		-		30,600		-
		Total assets	$	1,214,028	$	780,557	$	30,600	$	402,871

	Mandatorily redeemable instruments (included in other liabilities)		$	54,865	$	54,865	$	-	$	-
	Interest rate swap (included in other liabilities)			44,114		-		44,114		-
		Total liabilities	$	98,979	$	54,865	$	44,114	$	-


	(1) Represents the mark-to-market gain on the derivative position.

14. Fair Value Measurements – continued

Financial Assets and Liabilities Measured at Fair Value - continued

Real Estate Fund Investments

At September 30, 2012, our Real Estate Fund had eight investments with an aggregate fair value of approximately $482,442,000, or $45,818,000 in excess of cost. These investments are classified as Level 3. We use a discounted cash flow valuation technique to estimate the fair value of each of these investments, which is updated quarterly by personnel responsible for the management of each investment and reviewed by senior management at each reporting period. The discounted cash flow valuation technique requires us to estimate cash flows for each investment over the anticipated holding period, which currently ranges from 1.8 to 6.4 years. Cash flows are derived from property rental revenue (base rents plus reimbursements) less operating expenses, real estate taxes and capital and other costs, plus projected sales proceeds in the year of exit. Property rental revenue is based on leases currently in place and our estimates for future leasing activity, which are based on current market rents for similar space plus a projected growth factor. Similarly, estimated operating expenses and real estate taxes are based on amounts incurred in the current period plus a projected growth factor for future periods. Anticipated sales proceeds at the end of an investment's expected holding period are determined based on the net cash flow of the investment in the year of exit, divided by a terminal capitalization rate, less estimated selling costs.

The fair value of each property is calculated by discounting the future cash flows (including the projected sales proceeds), using an appropriate discount rate and then reduced by the property's outstanding debt, if any, to determine the fair value of the equity in each investment. Significant unobservable quantitative inputs used in determining the fair value of each investment include capitalization rates and discount rates. These rates are based on the location, type and nature of each property, and current and anticipated market conditions, which are derived from original underwriting assumptions, industry publications and from the experience of our Acquisitions and Capital Markets departments. Significant unobservable quantitative inputs in the table below were utilized in determining the fair value of these Fund investments at September 30, 2012.

			Weighted Average
			(based on fair
Unobservable Quantitative Input		Range	value of investments)
	Discount rates	12.5% to 23.3%	14.6%
	Terminal capitalization rates	5.3% to 6.8%	6.0%

The above inputs are subject to change based on changes in economic and market conditions and/or changes in use or timing of exit. Changes in discount rates and terminal capitalization rates result in increases or decreases in the fair values of these investments. The discount rates encompass, among other things, uncertainties in the valuation models with respect to terminal capitalization rates and the amount and timing of cash flows. Therefore, a change in the fair value of these investments resulting from a change in the terminal capitalization rate, may be partially offset by a change in the discount rate. It is not possible for us to predict the effect of future economic or market conditions on our estimated fair values. The table below summarizes the changes in the fair value of Fund investments that are classified as Level 3, for the three and nine months ended September 30, 2012 and 2011.

	For the Three Months				For the Nine Months
	Ended September 30,				Ended September 30,
(Amounts in thousands)		2012		2011	2012		2011
Beginning balance	$	388,455	$	255,795	$	346,650	$	144,423
Purchases		88,429		-		163,021		123,047
Sales/Returns		-		-		(61,052)		(12,831)
Realized gains		-		-		-		3,085
Unrealized gains		5,558		5,639		33,537		19,209
Other, net		-		(17)		286		(15,516)
Ending balance	$	482,442	$	261,417	$	482,442	$	261,417

14. Fair Value Measurements – continued

Financial Assets and Liabilities Measured at Fair Value - continued

Deferred Compensation Plan Assets

Deferred compensation plan assets that are classified as Level 3 consist of investments in limited partnerships and investment funds, which are managed by third parties. We receive quarterly financial reports from a third-party administrator, which are compiled from the quarterly reports provided to them from each limited partnership and investment fund. The quarterly reports provide net asset values on a fair value basis which are audited by independent public accounting firms on an annual basis. The third-party administrator does not adjust these values in determining our share of the net assets and we do not adjust these values when reported in our consolidated financial statements. The table below summarizes the changes in the fair value of Deferred Compensation Plan Assets for the three and nine months ended September 30, 2012 and 2011.

	For the Three Months				For the Nine Months
	Ended September 30,				Ended September 30,
(Amounts in thousands)		2012		2011	2012		2011
Beginning balance	$	58,313	$	53,724	$	56,221	$	47,850
Purchases		1,650		3,155		5,416		22,259
Sales		(276)		(1,044)		(4,287)		(18,538)
Realized and unrealized gain (loss)		1,080		(2,051)		3,349		2,166
Other, net		-		103		68		150
Ending balance	$	60,767	$	53,887	$	60,767	$	53,887

Financial Assets and Liabilities not Measured at Fair Value

Financial assets and liabilities that are not measured at fair value in our consolidated financial statements include mezzanine loans receivable, a stock purchase warrant, and our secured and unsecured debt. Estimates of the fair value of these instruments are determined by the standard practice of modeling the contractual cash flows required under the instrument and discounting them back to their present value at the appropriate current risk adjusted interest rate, which is provided by a third-party specialist. For floating rate debt, we use forward rates derived from observable market yield curves to project the expected cash flows we would be required to make under the instrument. The fair value of our mezzanine loans receivable and the stock purchase warrant are classified as Level 3 and the fair value of our secured and unsecured debt are classified as Level 2. The table below summarizes the carrying amounts and fair value of these financial instruments as of September 30, 2012 and December 31, 2011.

			As of September 30, 2012				As of December 31, 2011
			Carrying		Fair		Carrying		Fair
(Amounts in thousands)			Amount		Value		Amount		Value
	Assets:
	Mezzanine loans receivable		$	131,585	$	127,000	$	133,948	$	129,000
	Stock purchase warrant (residential property)			-		35,000		-		-
			$	131,585	$	162,000	$	133,948	$	129,000

	Liabilities:
		Notes and mortgages payable	$	7,852,657	$	7,900,000	$	8,065,576	$	8,181,000
		Senior unsecured notes		1,357,921		1,476,000		1,357,661		1,426,000
		Revolving credit facility debt		600,000		600,000		138,000		138,000
		Exchangeable senior debentures		-		-		497,898		510,000
		Convertible senior debentures		-		-		10,168		10,000
			$	9,810,578	$	9,976,000	$	10,069,303	$	10,265,000

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15C, 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-Subparagraph a, b
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 3, 10, 14, 15
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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+ Details

Incentive Compensation

9 Months Ended

Sep. 30, 2012

Stock-based Compensation [Abstract]

Incentive Compensation

15. Incentive Compensation

Our Omnibus Share Plan (the “Plan”) provides for grants of incentive and non-qualified stock options, restricted stock, restricted Operating Partnership units and out-performance plan rewards to certain of our employees and officers. We account for all stock-based compensation in accordance ASC 718, Compensation – Stock Compensation.

On March 30, 2012, our Compensation Committee (the “Committee”) approved the 2012 formulaic annual incentive program for our senior executive management team. Under the program, our senior executive management team, including our Chairman and our President and Chief Executive Officer, will have the ability to earn annual incentive payments (cash or equity) if and only if we achieve comparable funds from operations (“Comparable FFO”) of at least 80% or more of the prior year Comparable FFO. Moreover, even if we achieve the stipulated Comparable FFO performance requirement, the Committee retains the right, consistent with best practices, to elect to make no payments under the program. Comparable FFO excludes the impact of certain non-recurring items such as income or loss from discontinued operations, the sale or mark-to-market of marketable securities or derivatives and early extinguishment of debt, restructuring costs and non-cash impairment losses, among others, and thus the Committee believes provides a better metric than total FFO for assessing management's performance for the year. Aggregate incentive awards earned under the program are subject to a cap of 1.25% of Comparable FFO for the year, with individual award allocations determined by the Committee based on an assessment of individual and overall performance.

On March 30, 2012, the Committee also approved the 2012 Out-Performance Plan, a multi-year, performance-based equity compensation plan (the “2012 OPP”). The aggregate notional amount of the 2012 OPP is $40,000,000. Under the 2012 OPP, participants, including our Chairman and our President and Chief Executive Officer, have the opportunity to earn compensation payable in the form of equity awards if and only if we outperform a predetermined total shareholder return (“TSR”) and/or outperform the market with respect to a relative TSR in any year during a three-year performance period. Specifically, awards under our 2012 OPP may be earned if we (i) achieve a TSR above that of the SNL US REIT Index (the “Index”) over a one-year, two-year or three-year performance period (the “Relative Component”), and/or (ii) achieve a TSR level greater than 7% per annum, or 21% over the three-year performance period (the “Absolute Component”). To the extent awards would be earned under the Absolute Component of the 2012 OPP but we underperform the Index, such awards would be reduced (and potentially fully negated) based on the degree to which we underperform the Index. In certain circumstances, in the event we outperform the Index but awards would not otherwise be earned under the Absolute Component, awards may still be earned under the Relative Component. To the extent awards would otherwise be earned under the Relative Component but we fail to achieve at least a 6% per annum absolute TSR level, such awards would be reduced based on our absolute TSR performance, with no awards being earned in the event our TSR during the applicable measurement period is 0% or negative, irrespective of the degree to which we may outperform the Index. If the designated performance objectives are achieved, OPP Units are also subject to time-based vesting requirements. Dividends on awards issued accrue during the performance period and are paid to participants if and only if awards are ultimately earned based on the achievement of the designated performance objectives. Awards earned under the 2012 OPP vest 33% in year three, 33% in year four and 34% in year five. The fair value of the 2012 OPP on the date of grant, as adjusted for estimated forfeitures, was $12,250,000, and is being amortized into expense over a five-year period from the date of grant, using a graded vesting attribution model.

Stock-based compensation expense consists of stock option awards, restricted stock awards, Operating Partnership unit awards and out-performance plan awards. Stock-based compensation expense was $7,774,000 and $7,320,000 in the three months ended September 30, 2012 and 2011, respectively, and $22,821,000 and $21,384,000 in the nine months ended September 30, 2012 and 2011, respectively.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

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-Name Accounting Standards Codification
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+ Details

Fee and Other Income

9 Months Ended

Sep. 30, 2012

Fee and Other Income [Abstract]

Fee and Other Income

16. Fee and Other Income

The following table sets forth the details of our fee and other income:

	For the Three Months				For the Nine Months
(Amounts in thousands)	Ended September 30,				Ended September 30,
	2012		2011		2012		2011
BMS cleaning fees	$	16,945	$	15,647	$	49,437	$	46,479
Signage revenue		4,783		5,085		14,252		14,746
Management and leasing fees		7,234		4,773		16,534		16,660
Lease termination fees		282		4,803		1,172		12,478
Other income		10,444		6,468		24,623		21,450
	$	39,688	$	36,776	$	106,018	$	111,813

Management and leasing fees include management fees from Interstate Properties, a related party, of $197,000 and $195,000 for the three months ended September 30, 2012 and 2011, respectively, and $588,000 and $586,000 for the nine months ended September 30, 2012 and 2011, respectively. The above table excludes fee income from partially owned entities, which is typically included in “income from partially owned entities” (see Note 7 – Investments in Partially Owned Entities).

Interest and Other Investment (Loss) Income, Net

9 Months Ended

Sep. 30, 2012

Interest and Other Investment (Loss) Income, net [Abstract]

Interest and Other Investment Income, Net

17. Interest and Other Investment Income (Loss), Net

The following table sets forth the details of our interest and other investment income (loss):

		For the Three Months				For the Nine Months
(Amounts in thousands)		Ended September 30,				Ended September 30,
		2012		2011		2012		2011
Income (loss) from the mark-to-market of J.C. Penney derivative position		$	4,344	$	(37,537)	$	(53,343)	$	(27,136)
Interest on mezzanine loans receivable			2,852		3,442		8,867		9,169
Mark-to-market of investments in our deferred compensation plan⁽¹⁾			1,116		(5,243)		5,267		1,502
Dividends and interest on marketable securities			-		7,605		11,093		22,941
Mezzanine loans loss reversal and net gain on disposition			-		-		-		82,744
Other, net			2,211		1,722		5,132		5,866
		$	10,523	$	(30,011)	$	(22,984)	$	95,086
__________________________

(1)	This income is entirely offset by the expense resulting from the mark-to-market of the deferred compensation plan liability, which is included in "general and administrative" expense.

- Definition

Tabular disclosure of investment income derived from investments in debt and equity securities consisting of interest income earned from investments in debt securities and on cash and cash equivalents, dividend income from investments in equity securities, and income or expense derived from the amortization of investment related discounts or premiums, respectively. This item does not include realized or unrealized gains or losses on the sale or holding of investments in debt and equity securities required to be included in earnings for the period or for other than temporary losses related to investments in debt and equity securities which are included in realized losses in the period recognized.

+ References + Details

Income Per Share

9 Months Ended

Sep. 30, 2012

Income Per Share [Abstract]

Income Per Share

18. Income Per Share

The following table provides a reconciliation of both net income and the number of common shares used in the computation of (i) basic income per common share - which includes the weighted average number of common shares outstanding without regard to dilutive potential common shares, and (ii) diluted income per common share - which includes the weighted average common shares and dilutive share equivalents. Dilutive share equivalents may include our Series A convertible preferred shares, employee stock options and restricted stock.

			For the Three Months				For the Nine Months
(Amounts in thousands, except per share amounts)			Ended September 30,				Ended September 30,
			2012		2011		2012		2011
Numerator:
	Income from continuing operations, net of income
		attributable to noncontrolling interests	$	93,433	$	45,553	$	303,755	$	418,163
	Income from discontinued operations, net of income
		attributable to noncontrolling interests		147,873		8,209		227,370		156,843
	Net income attributable to Vornado			241,306		53,762		531,125		575,006
	Preferred share dividends			(20,613)		(17,627)		(56,187)		(47,743)
	Discount on preferred unit redemptions			11,700		5,000		11,700		5,000
	Net income attributable to common shareholders			232,393		41,135		486,638		532,263
	Earnings allocated to unvested participating securities			(71)		(48)		(149)		(199)
	Numerator for basic income per share			232,322		41,087		486,489		532,064
	Impact of assumed conversions:
		Convertible preferred share dividends		28		-		85		94
	Numerator for diluted income per share		$	232,350	$	41,087	$	486,574	$	532,158

Denominator:
	Denominator for basic income per share –
		weighted average shares		185,924		184,398		185,656		184,220
	Effect of dilutive securities⁽¹⁾:
		Employee stock options and restricted share awards		681		1,667		693		1,764
		Convertible preferred shares		50		-		50		55
	Denominator for diluted income per share –
		weighted average shares and assumed conversions		186,655		186,065		186,399		186,039

INCOME PER COMMON SHARE – BASIC:
	Income from continuing operations, net		$	0.45	$	0.18	$	1.40	$	2.04
	Income from discontinued operations, net			0.80		0.04		1.22		0.85
	Net income per common share		$	1.25	$	0.22	$	2.62	$	2.89

INCOME PER COMMON SHARE – DILUTED:
	Income from continuing operations, net		$	0.45	$	0.18	$	1.39	$	2.02
	Income from discontinued operations, net			0.79		0.04		1.22		0.84
	Net income per common share		$	1.24	$	0.22	$	2.61	$	2.86


(1)		The effect of dilutive securities above excludes anti-dilutive weighted average common share equivalent of 12,652 and 18,857 in the three months ended September 30, 2012 and 2011, respectively, and 15,048 and 18,687 in the nine months ended September 30, 2012 and 2011, respectively.

Commitments and Contingencies

9 Months Ended

Sep. 30, 2012

Commitments and Contingencies [Abstract]

Commitments and Contingencies

19. Commitments and Contingencies

Insurance

We maintain general liability insurance with limits of $300,000,000 per occurrence and all risk property and rental value insurance with limits of $2.0 billion per occurrence, including coverage for terrorist acts, with sub-limits for certain perils such as floods. Our California properties have earthquake insurance with coverage of $180,000,000 per occurrence, subject to a deductible in the amount of 5% of the value of the affected property, up to a $180,000,000 annual aggregate.

Penn Plaza Insurance Company, LLC (“PPIC”), our wholly owned consolidated subsidiary, acts as a re-insurer with respect to a portion of all risk property and rental value insurance and a portion of our earthquake insurance coverage, and as a direct insurer for coverage for acts of terrorism, including nuclear, biological, chemical and radiological (“NBCR”) acts, as defined by the Terrorism Risk Insurance Program Reauthorization Act. Coverage for acts of terrorism (excluding NBCR acts) is fully reinsured by third party insurance companies and the Federal government with no exposure to PPIC. Coverage for NBCR losses is up to $2.0 billion per occurrence, for which PPIC is responsible for a deductible of $3,200,000 and 15% of the balance of a covered loss and the Federal government is responsible for the remaining 85% of a covered loss. We are ultimately responsible for any losses incurred by PPIC.

We continue to monitor the state of the insurance market and the scope and costs of coverage for acts of terrorism. However, we cannot anticipate what coverage will be available on commercially reasonable terms in future policy years.

Our debt instruments, consisting of mortgage loans secured by our properties which are non-recourse to us, senior unsecured notes and revolving credit agreements contain customary covenants requiring us to maintain insurance. Although we believe that we have adequate insurance coverage for purposes of these agreements, we may not be able to obtain an equivalent amount of coverage at reasonable costs in the future. Further, if lenders insist on greater coverage than we are able to obtain it could adversely affect our ability to finance our properties and expand our portfolio.

Other Commitments and Contingencies

Our mortgage loans are non-recourse to us. However, in certain cases we have provided guarantees or master leased tenant space. These guarantees and master leases terminate either upon the satisfaction of specified circumstances or repayment of the underlying loans. As of September 30, 2012, the aggregate dollar amount of these guarantees and master leases is approximately $267,090,000.

At September 30, 2012, $22,576,000 of letters of credit were outstanding under one of our revolving credit facilities. Our credit facilities contain financial covenants that require us to maintain minimum interest coverage and maximum debt to market capitalization ratios, and provide for higher interest rates in the event of a decline in our ratings below Baa3/BBB. Our credit facilities also contain customary conditions precedent to borrowing, including representations and warranties, and also contain customary events of default that could give rise to accelerated repayment, including such items as failure to pay interest or principal.

Each of our properties has been subjected to varying degrees of environmental assessment at various times. The environmental assessments did not reveal any material environmental contamination. However, there can be no assurance that the identification of new areas of contamination, changes in the extent or known scope of contamination, the discovery of additional sites, or changes in cleanup requirements would not result in significant costs to us.

Two of our wholly owned subsidiaries that are contracted to develop and operate the Cleveland Medical Mart and Convention Center, in Cleveland, Ohio, are required to fund $11,500,000, primarily for tenant improvements, and they are responsible for operating expenses and are entitled to the net operating income, if any, upon the completion of development and the commencement of operations. As of September 30, 2012, our subsidiaries have funded $1,100,000 of the commitment.

As of September 30, 2012, we expect to fund additional capital to certain of our partially owned entities aggregating approximately $244,463,000.

19. Commitments and Contingencies – continued

Litigation

We are from time to time involved in legal actions arising in the ordinary course of business. In our opinion, after consultation with legal counsel, the outcome of such matters, including the matter referred to below, is not expected to have a material adverse effect on our financial position, results of operations or cash flows.

In 2003, Stop & Shop filed an action against us in the New York Supreme Court, claiming that we had no right to reallocate and therefore continue to collect $5,000,000 of annual rent from Stop & Shop pursuant to a Master Agreement and Guaranty, because of the expiration of the leases to which the annual rent was previously allocated. Stop & Shop asserted that an order of the Bankruptcy Court for the Southern District of New York, as modified on appeal by the District Court, froze our right to reallocate and effectively terminated our right to collect the annual rent from Stop & Shop. We asserted a counterclaim seeking a judgment for all the unpaid annual rent accruing through the date of the judgment and a declaration that Stop & Shop will continue to be liable for the annual rent as long as any of the leases subject to the Master Agreement and Guaranty remain in effect. After summary judgment motions by both sides were denied, the parties conducted discovery. A trial was held in November 2010. On November 7, 2011, the Court determined that we have a continuing right to allocate the annual rent to unexpired leases covered by the Master Agreement and Guaranty, and directed entry of a judgment in our favor ordering Stop & Shop to pay us the unpaid annual rent accrued through February 28, 2011 in the amount of $37,422,000, a portion of the annual rent due from March 1, 2011 through the date of judgment, interest, and attorneys' fees. On December 16, 2011, a money judgment based on the Court's decision was entered in our favor in the amount of $56,597,000 (including interest and costs). The amount for attorneys' fees is being addressed in a proceeding before a special referee. Stop & Shop appealed the Court's decision and the judgment, and has posted a bond to secure payment of the judgment. On January 12, 2012, we commenced a new action against Stop & Shop seeking recovery of $2,500,000 of annual rent not included in the money judgment, plus additional annual rent as it accrues. A motion by Stop & Shop to dismiss the new action was denied on July 19, 2012. Stop & Shop's appeal of that ruling was heard on October 18, 2012, and a decision has not yet been issued.

As of September 30, 2012, we have a $46,400,000 receivable from Stop & Shop, excluding amounts due to us for interest and costs resulting from the Court's judgment. As a result of Stop & Shop appealing the Court's decision, we believe, after consultation with counsel, that the maximum reasonably possible loss is up to the total amount of the receivable of $46,400,000.

- Definition

The entire disclosure for commitments and contingencies.

+ References

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+ Details

Related Party Transactions

9 Months Ended

Sep. 30, 2012

Related Party Transactions

20. Related Party Transactions

On March 8, 2012, Steven Roth, the Chairman of our Board of Trustees, repaid his $13,122,500 outstanding loan from the Company.

- Definition

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 4
-Section 08
-Paragraph k

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-Name Regulation S-X (SX)
-Number 210
-Article 3A
-Section 04
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-Number 57
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+ Details

Segment Information

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Segment Information

21. Segment Information

Effective January 1, 2012, as a result of certain organizational and operational changes, we redefined the New York business segment to encompass all of our Manhattan assets by including the 1.0 million square feet in 21 freestanding Manhattan street retail assets (formerly in our Retail segment), and the Hotel Pennsylvania and our interest in Alexander's, Inc. (formerly in our Other segment). Accordingly, we have reclassified the prior period segment financial results to conform to the current year presentation. See note (4) on page 38 for the elements of the New York segment's EBITDA. Below is a summary of net income and a reconciliation of net income to EBITDA(1) by segment for the three and nine months ended September 30, 2012 and 2011.


(Amounts in thousands)			For the Three Months Ended September 30, 2012
												Retail			Merchandise
				Total			New York			Washington, DC		Properties			Mart		Toys		Other
Property rentals				$	492,989		$	255,703		$	115,641	$	67,919		$	31,625	$	-	$	22,101
Straight-line rent adjustments					11,910			8,140			1,267		2,392			(171)		-		282
Amortization of acquired below-
	market leases, net				13,242			8,458			506		2,868			-		-		1,410
Total rentals					518,141			272,301			117,414		73,179			31,454		-		23,793
Tenant expense reimbursements					80,497			45,164			9,601		21,069			1,201		-		3,462
Cleveland Medical Mart development
	project				72,651			-			-		-			72,651		-		-
Fee and other income:
	BMS cleaning fees				16,945			23,918			-		-			-		-		(6,973)
	Signage revenue				4,783			4,783			-		-			-		-		-
	Management and leasing fees				7,234			1,816			4,615		736			142		-		(75)
	Lease termination fees				282			78			128		73			3		-		-
	Other income				10,444			1,116			8,288		632			481		-		(73)
Total revenues					710,977			349,176			140,046		95,689			105,932		-		20,134
Operating expenses					264,487			159,048			50,305		33,519			19,130		-		2,485
Depreciation and amortization					124,335			57,967			29,825		18,202			7,439		-		10,902
General and administrative					48,742			6,739			6,668		6,103			4,120		-		25,112
Cleveland Medical Mart development
	project				70,431			-			-		-			70,431		-		-
Acquisition related costs and
	tenant buy-outs				1,070			-			-		-			-		-		1,070
Total expenses					509,065			223,754			86,798		57,824			101,120		-		39,569
Operating income (loss)					201,912			125,422			53,248		37,865			4,812		-		(19,435)
(Loss) applicable to Toys					(8,585)			-			-		-			-		(8,585)		-
Income (loss) from partially owned
	entities				21,268			9,309			(2,182)		342			219		-		13,580
Income from Real Estate Fund					5,509			-			-		-			-		-		5,509
Interest and other investment
	income, net				10,523			1,057			24		4			-		-		9,438
Interest and debt expense					(120,770)			(36,817)			(28,311)		(14,732)			(7,906)		-		(33,004)
Income (loss) before income taxes					109,857			98,971			22,779		23,479			(2,875)		(8,585)		(23,912)
Income tax (expense) benefit					(3,015)			(815)			25		-			2,166		-		(4,391)
Income (loss) from continuing
	operations				106,842			98,156			22,804		23,479			(709)		(8,585)		(28,303)
Income from discontinued
	operations				157,314			-			126,437		11,085			19,792		-		-
Net income (loss)					264,156			98,156			149,241		34,564			19,083		(8,585)		(28,303)
Less net (income) loss attributable to
		noncontrolling interests in:
		Consolidated subsidiaries			(6,610)			(2,092)			-		97			-		-		(4,615)
		Operating Partnership, including
		unit distributions			(16,240)			-			-		-			-		-		(16,240)
Net income (loss) attributable to
	Vornado				241,306			96,064			149,241		34,661			19,083		(8,585)		(49,158)
Interest and debt expense⁽²⁾					183,241			46,823			33,280		17,499			8,916		34,526		42,197
Depreciation and amortization⁽²⁾					177,593			62,905			35,071		21,345			7,662		33,160		17,450
Income tax expense (benefit)⁽²⁾					3,850			871			(25)		-			9,281		(11,118)		4,841
EBITDA⁽¹⁾					605,990			206,663			217,567		73,505			44,942		47,983		15,330
Less EBITDA from discontinued
	operations				(176,110)	⁽³⁾		-			(128,745)		(15,160)			(32,205)		-		-
EBITDA from continuing operations				$	429,880		$	206,663	⁽⁴⁾	$	88,822	$	58,345	⁽⁵⁾	$	12,737	$	47,983	$	15,330	⁽⁶⁾


See notes on page 38.

21. Segment Information – continued


(Amounts in thousands)			For the Three Months Ended September 30, 2011
												Retail			Merchandise
				Total			New York			Washington, DC		Properties			Mart		Toys		Other
Property rentals				$	507,258		$	247,794		$	133,659	$	67,616		$	35,586	$	-	$	22,603
Straight-line rent adjustments					7,087			6,445			(1,308)		1,911			(501)		-		540
Amortization of acquired below-
	market leases, net				15,847			9,833			557		4,346			-		-		1,111
Total rentals					530,192			264,072			132,908		73,873			35,085		-		24,254
Tenant expense reimbursements					85,757			49,125			9,640		23,059			1,681		-		2,252
Cleveland Medical Mart development
	project				35,135			-			-		-			35,135		-		-
Fee and other income:
	BMS cleaning fees				15,647			22,571			-		-			-		-		(6,924)
	Signage revenue				5,085			5,085			-		-			-		-		-
	Management and leasing fees				4,773			1,022			2,670		755			45		-		281
	Lease termination fees				4,803			3,540			1,002		261			-		-		-
	Other income				6,468			1,049			5,039		229			543		-		(392)
Total revenues					687,860			346,464			151,259		98,177			72,489		-		19,471
Operating expenses					262,837			152,880			49,013		37,415			21,289		-		2,240
Depreciation and amortization					126,935			55,685			32,346		20,414			7,642		-		10,848
General and administrative					46,121			6,452			6,502		6,088			9,206		-		17,873
Cleveland Medical Mart development
	project				33,419			-			-		-			33,419		-		-
Acquisition related costs and
	tenant buy-outs				2,288			1,558			-		35			-		-		695
Total expenses					471,600			216,575			87,861		63,952			71,556		-		31,656
Operating income (loss)					216,260			129,889			63,398		34,225			933		-		(12,185)
(Loss) applicable to Toys					(9,304)			-			-		-			-		(9,304)		-
Income (loss) from partially owned
	entities				13,140			1,203			(1,356)		575			38		-		12,680
Income from Real Estate Fund					5,353			-			-		-			-		-		5,353
Interest and other investment
	(loss) income, net				(30,011)			1,047			39		1			1		-		(31,099)
Interest and debt expense					(131,998)			(39,088)			(28,928)		(17,639)			(7,866)		-		(38,477)
Net gain on disposition of wholly
	owned and partially owned assets				1,298			-			-		-			-		-		1,298
Income (loss) before income taxes					64,738			93,051			33,153		17,162			(6,894)		(9,304)		(62,430)
Income tax expense					(6,959)			(678)			(881)		-			(784)		-		(4,616)
Income (loss) from continuing
	operations				57,779			92,373			32,272		17,162			(7,678)		(9,304)		(67,046)
Income (loss) from discontinued
	operations				8,444			165			1,622		6,272			483		-		(98)
Net income (loss)					66,223			92,538			33,894		23,434			(7,195)		(9,304)		(67,144)
Less net (income) loss attributable to
		noncontrolling interests in:
		Consolidated subsidiaries			(5,636)			(2,219)			-		110			-		-		(3,527)
		Operating Partnership, including
		unit distributions			(6,825)			-			-		-			-		-		(6,825)
Net income (loss) attributable to
	Vornado				53,762			90,319			33,894		23,544			(7,195)		(9,304)		(77,496)
Interest and debt expense⁽²⁾					197,864			46,691			33,703		20,678			9,523		38,018		49,251
Depreciation and amortization⁽²⁾					193,394			65,539			38,085		24,117			12,230		34,293		19,130
Income tax (benefit) expense⁽²⁾					(7,350)			734			925		-			890		(15,135)		5,236
EBITDA⁽¹⁾					437,670			203,283			106,607		68,339			15,448		47,872		(3,879)
Less EBITDA from discontinued
	operations				(22,597)	⁽³⁾		(276)			(4,568)		(11,288)			(6,563)		-		98
EBITDA from continuing operations				$	415,073		$	203,007	⁽⁴⁾	$	102,039	$	57,051	⁽⁵⁾	$	8,885	$	47,872	$	(3,781)	⁽⁶⁾


See notes on page 38.

21. Segment Information – continued


(Amounts in thousands)			For the Nine Months Ended September 30, 2012
												Retail			Merchandise
				Total			New York			Washington, DC		Properties			Mart		Toys		Other
Property rentals				$	1,469,751		$	735,587		$	356,459	$	203,237		$	107,687	$	-	$	66,781
Straight-line rent adjustments					55,189			42,334			4,382		7,285			580		-		608
Amortization of acquired below-
	market leases, net				39,228			23,776			1,537		9,648			-		-		4,267
Total rentals					1,564,168			801,697			362,378		220,170			108,267		-		71,656
Tenant expense reimbursements					224,287			118,861			30,471		64,915			3,702		-		6,338
Cleveland Medical Mart development
	project				184,014			-			-		-			184,014		-		-
Fee and other income:
	BMS cleaning fees				49,437			70,476			-		-			-		-		(21,039)
	Signage revenue				14,252			14,252			-		-			-		-		-
	Management and leasing fees				16,534			4,037			9,782		2,640			188		-		(113)
	Lease termination fees				1,172			334			256		74			508		-		-
	Other income				24,623			3,449			18,846		1,361			1,221		-		(254)
Total revenues					2,078,487			1,013,106			421,733		289,160			297,900		-		56,588
Operating expenses					764,018			447,910			143,923		104,788			59,929		-		7,468
Depreciation and amortization					386,974			168,391			107,395		56,830			22,324		-		32,034
General and administrative					151,142			21,980			19,849		18,803			14,877		-		75,633
Cleveland Medical Mart development
	project				177,127			-			-		-			177,127		-		-
Acquisition related costs and
	tenant buy-outs				4,314			-			-		-			-		-		4,314
Total expenses					1,483,575			638,281			271,167		180,421			274,257		-		119,449
Operating income (loss)					594,912			374,825			150,566		108,739			23,643		-		(62,861)
Income applicable to Toys					88,696			-			-		-			-		88,696		-
Income (loss) from partially owned
	entities				53,491			20,345			(4,571)		1,040			560		-		36,117
Income from Real Estate Fund					37,572			-			-		-			-		-		37,572
Interest and other investment
	(loss) income, net				(22,984)			3,166			97		24			-		-		(26,271)
Interest and debt expense					(377,600)			(109,365)			(85,408)		(49,705)			(23,467)		-		(109,655)
Net gain on disposition of wholly
	owned and partially owned assets				4,856			-			-		-			-		-		4,856
Income (loss) before income taxes					378,943			288,971			60,684		60,098			736		88,696		(120,242)
Income tax (expense) benefit					(17,319)			(2,480)			(1,277)		-			343		-		(13,905)
Income (loss) from continuing
	operations				361,624			286,491			59,407		60,098			1,079		88,696		(134,147)
Income (loss) from discontinued
	operations				241,024			(640)			130,979		36,404			67,291		-		6,990
Net income (loss)					602,648			285,851			190,386		96,502			68,370		88,696		(127,157)
Less net (income) loss attributable to
	noncontrolling interests in:
	Consolidated subsidiaries				(30,928)			(7,266)			-		308			-		-		(23,970)
	Operating Partnership, including
		unit distributions			(40,595)			-			-		-			-		-		(40,595)
Net income (loss) attributable to
	Vornado				531,125			278,585			190,386		96,810			68,370		88,696		(191,722)
Interest and debt expense⁽²⁾					567,265			140,294			99,486		58,039			26,492		103,388		139,566
Depreciation and amortization⁽²⁾					552,794			188,480			122,987		65,751			26,966		100,371		48,239
Income tax expense⁽²⁾					50,076			2,677			1,532		-			11,658		17,982		16,227
EBITDA⁽¹⁾					1,701,260			610,036			414,391		220,600			133,486		310,437		12,310
Less EBITDA from discontinued
	operations				(279,464)	⁽³⁾		640			(138,707)		(48,251)			(86,156)		-		(6,990)
EBITDA from continuing operations				$	1,421,796		$	610,676	⁽⁴⁾	$	275,684	$	172,349	⁽⁵⁾	$	47,330	$	310,437	$	5,320	⁽⁶⁾

See notes on page 38.

21. Segment Information – continued


(Amounts in thousands)			For the Nine Months Ended September 30, 2011
											Retail			Merchandise
			Total			New York			Washington, DC		Properties			Mart		Toys		Other
Property rentals			$	1,517,994		$	727,886		$	400,909	$	202,701		$	118,540	$	-	$	67,958
Straight-line rent adjustments				26,192			22,636			(2,138)		4,666			(1,261)		-		2,289
Amortization of acquired below-
	market leases, net			48,681			33,173			1,597		10,552			-		-		3,359
Total rentals				1,592,867			783,695			400,368		217,919			117,279		-		73,606
Tenant expense reimbursements				237,945			125,921			27,242		71,926			4,988		-		7,868
Cleveland Medical Mart development
	project			108,203			-			-		-			108,203		-		-
Fee and other income:
	BMS cleaning fees			46,479			66,913			-		-			-		-		(20,434)
	Signage revenue			14,746			14,746			-		-			-		-		-
	Management and leasing fees			16,660			3,560			9,629		3,068			348		-		55
	Lease termination fees			12,478			9,176			3,013		289			-		-		-
	Other income			21,450			3,391			15,316		1,172			1,791		-		(220)
Total revenues				2,050,828			1,007,402			455,568		294,374			232,609		-		60,875
Operating expenses				773,331			435,519			142,211		113,167			71,210		-		11,224
Depreciation and amortization				373,380			165,031			96,940		57,472			21,594		-		32,343
General and administrative				154,359			20,409			19,496		20,046			22,659		-		71,749
Cleveland Medical Mart development
	project			101,637			-			-		-			101,637		-		-
Acquisition related costs and
	tenant buy-outs			22,455			16,558			-		35			3,040		-		2,822
Total expenses				1,425,162			637,517			258,647		190,720			220,140		-		118,138
Operating income (loss)				625,666			369,885			196,921		103,654			12,469		-		(57,263)
Income applicable to Toys				80,794			-			-		-			-		80,794		-
Income (loss) from partially owned
	entities			55,035			13,320			(6,038)		1,221			292		-		46,240
Income from Real Estate Fund				25,491			-			-		-			-		-		25,491
Interest and other investment
	income, net			95,086			3,169			119		1			1		-		91,796
Interest and debt expense				(394,192)			(114,381)			(85,971)		(53,024)			(23,342)		-		(117,474)
Net gain on disposition of wholly
	owned and partially owned assets			7,975			-			-		-			-		-		7,975
Income (loss) before income taxes				495,855			271,993			105,031		51,852			(10,580)		80,794		(3,235)
Income tax expense				(18,548)			(1,637)			(2,055)		(5)			(1,523)		-		(13,328)
Income (loss) from continuing
	operations			477,307			270,356			102,976		51,847			(12,103)		80,794		(16,563)
Income (loss) from discontinued
	operations			165,706			398			51,274		26,010			88,365		-		(341)
Net income (loss)				643,013			270,754			154,250		77,857			76,262		80,794		(16,904)
Less net (income) loss attributable to
	noncontrolling interests in:
	Consolidated subsidiaries			(20,643)			(6,815)			-		196			-		-		(14,024)
	Operating Partnership, including
		unit distributions		(47,364)			-			-		-			-		-		(47,364)
Net income (loss) attributable to
	Vornado			575,006			263,939			154,250		78,053			76,262		80,794		(78,292)
Interest and debt expense⁽²⁾				599,668			132,248			100,017		62,144			32,025		121,546		151,688
Depreciation and amortization⁽²⁾				561,738			181,611			118,290		68,294			34,632		101,862		57,049
Income tax expense⁽²⁾				42,135			1,644			2,380		5			2,211		29,914		5,981
EBITDA⁽¹⁾				1,778,547			579,442			374,937		208,496			145,130		334,116		136,426
Less EBITDA from discontinued
	operations			(211,539)	⁽³⁾		(710)			(60,220)		(40,988)			(109,962)		-		341
EBITDA from continuing operations			$	1,567,008		$	578,732	⁽⁴⁾	$	314,717	$	167,508	⁽⁵⁾	$	35,168	$	334,116	$	136,767	⁽⁶⁾


See notes on the following page.

21. Segment Information - continued

	Notes to preceding tabular information:


(1)	EBITDA represents "Earnings Before Interest, Taxes, Depreciation and Amortization." We consider EBITDA a supplemental measure for making decisions and assessing the unlevered performance of our segments as it relates to the total return on assets as opposed to the levered return on equity. As properties are bought and sold based on a multiple of EBITDA, we utilize this measure to make investment decisions as well as to compare the performance of our assets to that of our peers. EBITDA should not be considered a substitute for net income. EBITDA may not be comparable to similarly titled measures employed by other companies.


(2)	Interest and debt expense, depreciation and amortization and income tax (benefit) expense in the reconciliation of net income (loss) to EBITDA includes our share of these items from partially owned entities.


(3)	The following table reconciles income from discontinued operations to EBITDA from discontinued operations.

				For the Three Months				For the Nine Months
				Ended September 30,				Ended September 30,
	(Amounts in thousands)			2012		2011		2012		2011
	Income from discontinued operations			$	157,314	$	8,444	$	241,024	$	165,706
	Interest and debt expense				3,799		4,732		11,415		17,917
	Depreciation and amortization				3,560		9,236		14,818		26,916
	Income taxes				11,437		185		12,207		1,000
		EBITDA from discontinued operations		$	176,110	$	22,597	$	279,464	$	211,539


(4)	The elements of "New York" EBITDA from continuing operations are summarized below.

				For the Three Months				For the Nine Months
				Ended September 30,				Ended September 30,
	(Amounts in thousands)			2012		2011		2012		2011
	Office			$	139,894	$	137,295	$	419,054	$	399,182
	Retail				46,165		43,109		135,399		121,136	^(a)
	Alexander's				13,080		12,830		39,477		40,032
	Hotel Pennsylvania				7,524		9,773		16,746		18,382
		Total New York		$	206,663	$	203,007	$	610,676	$	578,732


	(a)		The EBITDA for the nine months ended September 30, 2011 is after a $16,558 expense for the buy-out of below-market leases.


(5)	The elements of "Retail Properties" EBITDA from continuing operations are summarized below.

				For the Three Months				For the Nine Months
				Ended September 30,				Ended September 30,
	(Amounts in thousands)			2012		2011		2012		2011
	Strip shopping centers			$	42,468	$	41,282	$	125,072	$	120,887
	Regional malls				15,877		15,769		47,277		46,621
		Total Retail properties		$	58,345	$	57,051	$	172,349	$	167,508

21. Segment Information - continued

	Notes to preceding tabular information - continued:


(6)	The elements of "other" EBITDA from continuing operations are summarized below.

				For the Three Months				For the Nine Months
				Ended September 30,				Ended September 30,
	(Amounts in thousands)			2012		2011		2012		2011
	Our share of Real Estate Fund:
		Income before net realized/unrealized gains		$	1,874	$	743	$	4,162	$	2,550
		Net unrealized gains			1,389		1,410		8,384		4,802
		Net realized gains			-		-		-		771
		Carried interest			(2,541)		(475)		-		1,665
	Total				722		1,678		12,546		9,788
	LNR				18,773		15,769		46,006		38,569
	555 California Street				10,714		11,220		31,406		32,608
	Lexington				7,859		8,424		24,780		27,970
	Other investments				11,121		10,173		24,954		30,352
					49,189		47,264		139,692		139,287
	Corporate general and administrative expenses^(a)				(22,811)		(21,585)		(66,940)		(62,964)
	Investment income and other, net^(a)				5,033		12,541		28,865		37,284
	Fee income from Alexander's				1,821		1,758		5,617		5,545
	Income (loss) from the mark-to-market of J.C. Penney derivative
		position			4,344		(37,537)		(53,343)		(27,136)
	Verde Realty impairment loss				(4,936)		-		(4,936)		-
	Acquisition costs				(1,070)		(695)		(4,314)		(2,822)
	Net gain on sale of residential condominiums				-		1,298		1,274		5,884
	Mezzanine loans loss reversal and net gain on disposition				-		-		-		82,744
	Net gain resulting from Lexington's stock issuance				-		-		-		9,760
	Real Estate Fund placement fees				-		-		-		(3,451)
	Net income attributable to noncontrolling interests in the
		Operating Partnership, including unit distributions			(16,240)		(6,825)		(40,595)		(47,364)
				$	15,330	$	(3,781)	$	5,320	$	136,767


	(a)		The amounts in these captions (for this table only) exclude the mark-to-market of our deferred compensation plan assets and offsetting liability.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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+ Details

Basis Of Presentation (Policy)

9 Months Ended

Sep. 30, 2012

Basis Of Presentation [Abstract]

Basis of Presentation and Recently Issued Accounting Literature Policy [Text Block]

Marketable Securities and Derivative Instruments (Policy)	9 Months Ended
	Sep. 30, 2012
Marketable Securities and Derivative Instruments [Abstract]
Marketable Securities, Available-for-sale Securities, Policy [Policy Text Block]	Our portfolio of marketable securities is comprised of debt and equity securities that are classified as available for sale. Available for sale securities are presented on our consolidated balance sheets at fair value. Gains and losses resulting from the mark-to-market of these securities are included in “other comprehensive income (loss).” Gains and losses are recognized in earnings only upon the sale of the securities and are recorded based on the weighted average cost of such securities. We own 18,584,010 common shares at an average economic cost of $25.76 per share, or $478,677,000 in the aggregate. As of September 30, 2012, these shares have an aggregate fair value of $451,406,000, based on J.C. Penney's closing share price of $24.29 per share. Unrealized gains and losses from the mark-to-market of these shares are included in “other comprehensive income (loss).” The three and nine months ended September 30, 2012 include $18,213,000 of unrealized gains and $201,967,000 of unrealized losses, respectively. The three and nine months ended September 30, 2011 include unrealized losses of $144,212,000 and $102,920,000, respectively.
Derivatives, Methods of Accounting, Derivatives Not Designated or Qualifying as Hedges [Policy Text Block]	We also own an economic interest in 4,815,990 common shares through a forward contract at a weighted average strike price of $29.01 per share, or $139,723,000 in the aggregate. The forward contract was amended on October 8, 2012, such that, among other things, the contract may be settled, at our election, in cash or common shares, in whole or in part, at any time prior to October 8, 2022. The counterparty may accelerate settlement, in whole or in part, on October 8, 2014, or any anniversary thereof, or in the event we were to receive a credit downgrade. The forward contract strike price per share increases at an annual rate of LIBOR plus 95 basis points during the first two years of the contract and LIBOR plus 80 basis points thereafter. The contract is a derivative instrument that does not qualify for hedge accounting treatment. Gains and losses from the mark-to-market of the underlying common shares are recognized in “interest and other investment income (loss), net” on our consolidated statements of income. In the three and nine months ended September 30, 2012 we recognized income of $4,344,000 and a loss of $53,343,000, respectively, from the mark-to-market of the underlying common shares, and as of September 30, 2012, have funded $31,267,000 in connection with this derivative position. In the three and nine months ended September 30, 2011, we recognized losses of $37,537,000 and $27,136,000, respectively, from the mark-to-market of the underlying common shares.

- Definition

Disclosure of accounting policy for investments in debt and equity securities that are classified as available-for-sale. This policy also may describe the entity's accounting treatment for transfers between investment categories, how the entity determines whether impairments of available-for-sale securities are other than temporary, and how the fair values of such securities are determined.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 5
-Section M

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 10, 11
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 2, 12
-Article 5

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-Name FASB Staff Position (FSP)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Number 115
-Paragraph 12, 13, 14, 15, 16
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2196929

+ Details

Redeemable Noncontrolling Interests (Policy)

9 Months Ended

Sep. 30, 2012

Redeemable Noncontrolling Interests [Abstract]

Redeemable Noncontrolling Interests Policy [Text Block]

Fair Value Measurement (Policy)

9 Months Ended

Sep. 30, 2012

Fair Value Disclosures [Abstract]

Fair Value Measurement Policy [Policy Text Block]

Financial Assets and Liabilities Measured at Fair Value

In determining fair value, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as consider counterparty credit risk in our assessment of fair value. Considerable judgment is necessary to interpret Level 2 and 3 inputs in determining the fair value of our financial and non-financial assets and liabilities. Accordingly, our fair value estimates, which are made at the end of each reporting period, may be different than the amounts that may ultimately be realized upon sale or disposition of these assets.

Financial Assets and Liabilities not Measured at Fair Value

Vornado Capital Partners Real Estate Fund (the "Fund") (Tables)

9 Months Ended

Sep. 30, 2012

Vornado Capital Partners Real Estate Fund [Abstract]

Schedule Of Income And Loss From The Fund Text Block

		For the Three Months				For the Nine Months
(Amounts in thousands)		Ended September 30,				Ended September 30,
		2012		2011		2012		2011
Operating (loss) income		$	(49)	$	(286)	$	4,035	$	3,197
Net realized gain			-		-		-		3,085
Net unrealized gains			5,558		5,639		33,537		19,209
Income from Real Estate Fund			5,509		5,353		37,572		25,491
Less (income) attributable to noncontrolling interests			(4,787)		(3,675)		(25,026)		(15,703)
Income from Real Estate Fund attributable to Vornado ⁽¹⁾		$	722	$	1,678	$	12,546	$	9,788
___________________________________
___________________________________
(1)	Excludes management, leasing and development fees of $681 and $638 for the three months ended September 30, 2012 and 2011, respectively, and $2,025 and $1,803 for the nine months ended September 30, 2012 and 2011, respectively, which are included as a component of "fee and other income" on our consolidated statements of income.

Marketable Securities and Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Marketable Securities and Derivative Instruments Tables [Abstract]

Schedule of Marketable Securities and Derivative Instruments

		As of September 30, 2012							As of December 31, 2011
					GAAP		Unrealized					GAAP		Unrealized
		Maturity	Fair Value		Cost		(Loss) Gain		Maturity	Fair Value		Cost		Gain
Equity securities:
	J.C. Penney	n/a	$	451,406	$	591,214	$	(139,808)	n/a	$	653,228	$	591,069	$	62,159
	Other	n/a		33,595		14,228		19,367	n/a		30,568		14,585		15,983
Debt securities		n/a		-		-		-	04/13 - 10/18		57,525		53,941		3,584
			$	485,001	$	605,442	$	(120,441)		$	741,321	$	659,595	$	81,726

- Definition

Tabular disclosure of investments in certain debt and equity securities (and certain other trading assets) which include all debt and equity securities (other than those equity securities accounted for under the equity or cost methods of accounting) with readily determinable fair values. Other trading assets include assets that are carried on the balance sheet at fair value and held for trading purposes. A debt security represents a creditor relationship with an enterprise that is in the form of a security. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities (and other trading assets).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 3, 19, 20, 21, 22, 137
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27405-111563

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Debt Security
-URI http://asc.fasb.org/extlink&oid=6509901
-Topic 320

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Equity Security
-URI http://asc.fasb.org/extlink&oid=6511694
-Topic 320

+ Details

Investments in Partially Owned Entities (Tables)

9 Months Ended

Sep. 30, 2012

Schedule Of Equity Method Investments [Line Items]

Equity Method Investments

			Percentage
(Amounts in thousands)			Ownership at		Balance as of
Investments:			September 30, 2012		September 30, 2012		December 31, 2011
Toys				32.5%⁽¹⁾	$	549,421	$	506,809

Alexander’s				32.4%	$	186,714	$	189,775

Lexington				11.8%⁽²⁾		50,271		57,402

LNR				26.2%		197,231		174,408

India real estate ventures				4.0%-36.5%		94,241		80,499

Partially owned office buildings:
	280 Park Avenue			49.5%		190,034		184,516
	Rosslyn Plaza			43.7%-50.4%		62,272		53,333
	West 57th Street properties			50.0%		57,920		58,529
	One Park Avenue			30.3%		50,275		47,568
	666 Fifth Avenue Office Condominium			49.5%		34,162		23,655
	330 Madison Avenue			25.0%		24,900		20,353
	1101 17th Street			55.0%		22,271		20,407
	Warner Building			55.0%		11,603		2,715
	Fairfax Square			20.0%		5,870		6,343
	Other partially owned office buildings			Various		10,042		11,547

Other investments:
	Independence Plaza Partnership⁽³⁾			51.0%		53,545		48,511
	Verde Realty Operating Partnership⁽⁴⁾			8.3%		52,910		59,801
	Downtown Crossing, Boston			50.0%		47,605		46,691
	Monmouth Mall			50.0%		7,373		7,536
	Other investments⁽⁵⁾			Various		160,471		140,061
					$	1,319,710	$	1,233,650


(1)		32.7% at December 31, 2011.

(2)		12.0% at December 31, 2011.

(3)		Represents an investment in mezzanine loans to the property owner entity.

(4)		In the third quarter of 2012, we converted our 2,015,151 units in Verde Realty Operating Partnership into 2,015,151 common shares of Verde Realty ("Verde"). Pursuant to a merger agreement which was approved by Verde shareholders on September 14, 2012, we accepted an offer to receive cash of $13.85 per share, or $27,910 in the aggregate; accordingly, we recognized a $4,936 impairment loss in the third quarter. At September 30, 2012, the $52,910 carrying amount of our investment in Verde is comprised of the $27,910 value of the common shares and $25,000 of convertible debentures that are senior to the equity and mature in December 2018. Upon completion of the merger, we will reclassify the convertible debentures to other assets.

(5)		Includes interests in 85 10th Avenue, Farley Project, Suffolk Downs, Dune Capital L.P., Fashion Centre Mall and others.

				Percentage	For the Three Months				For the Nine Months
(Amounts in thousands)				Ownership	Ended September 30,				Ended September 30,
Our Share of Net Income (Loss):				September 30, 2012	2012		2011		2012		2011
Toys:				32.5%
	Equity in net (loss) income before income taxes				$	(22,074)	$	(26,773)	$	99,649	$	104,049
	Income tax benefit (expense)					11,118		15,135		(17,982)		(29,914)
	Equity in net (loss) income					(10,956)		(11,638)		81,667		74,135
	Management fees					2,371		2,334		7,029		6,659
					$	(8,585)	$	(9,304)	$	88,696	$	80,794

Alexander’s:				32.4%
	Equity in net income				$	7,137	$	6,437	$	19,210	$	18,507
	Fee income					1,821		1,758		5,617		5,545
						8,958		8,195		24,827		24,052

Lexington:				11.8%
	Equity in net (loss) income					(323)		(617)		371		449
	Net gain resulting from Lexington's stock issuance					-		-		-		9,760
						(323)		(617)		371		10,209

LNR:				26.2%
	Equity in net income					16,600		13,656		39,319		24,916
	Net gains from asset sales and tax settlement gains					-		-		-		14,997
						16,600		13,656		39,319		39,913

India real estate ventures				4.0%-36.5%		82		(690)		(4,526)		(692)

Partially owned office buildings:
	Warner Building:			55.0%
		Equity in net loss				(2,839)		(2,783)		(7,438)		(6,308)
		Straight-line reserves and write-off of tenant
			improvements			-		-		-		(9,022)
						(2,839)		(2,783)		(7,438)		(15,330)
	280 Park Avenue (acquired in May 2011)			49.5%		(1,717)		(6,461)		(9,267)		(8,645)
	666 Fifth Avenue Office Condominium (acquired
		in December 2011)		49.5%		1,744		-		5,244		-
	330 Madison Avenue			25.0%		1,224		315		2,036		1,440
	1101 17th Street			55.0%		591		671		1,920		2,094
	One Park Avenue (acquired in March 2011)			30.3%		256		124		890		(1,347)
	West 57th Street properties			50.0%		167		298		732		634
	Rosslyn Plaza			43.7%-50.4%		(204)		(60)		99		2,160
	Fairfax Square			20.0%		(33)		(22)		(85)		7
	Other partially owned office buildings			Various		505		1,079		1,587		5,165
						(306)		(6,839)		(4,282)		(13,822)

Other investments:
	Verde Realty Operating Partnership⁽¹⁾			8.3%		(5,388)		2,413		(6,000)		1,204
	Independence Plaza Partnership (acquired in June 2011)⁽²⁾			51.0%		1,828		1,811		5,243		1,811
	Monmouth Mall			50.0%		347		631		1,007		1,588
	Downtown Crossing, Boston			50.0%		(38)		(408)		(872)		(1,156)
	Other investments⁽³⁾			Various		(492)		(5,012)		(1,596)		(8,072)
						(3,743)		(565)		(2,218)		(4,625)

					$	21,268	$	13,140	$	53,491	$	55,035

(1)		2012 includes a $4,936 impairment loss (see note 4 on page 16)

(2)		Represents an investment in mezzanine loans to the property owner entity.

(3)		Includes interests in 85 10th Avenue, Farley Project, Suffolk Downs, Dune Capital L.P., Fashion Centre Mall and others.

Schedule of debt of partially owned entities

			Percentage		Interest	100% of
			Ownership at		Rate at	Partially Owned Entities’ Debt at
(Amounts in thousands)			September 30,		September 30,	September 30,		December 31,
			2012	Maturity	2012	2012		2011
Toys:			32.5%⁽¹⁾
	Notes, loans and mortgages payable			2013-2021	7.40%	$	5,423,735	$	6,047,521

Alexander's:			32.4%
	Mortgage notes payable			2013-2018	3.50%	$	1,319,776	$	1,330,932

Lexington:			11.8%⁽²⁾
	Mortgage notes payable			2012-2037	5.45%	$	1,739,466	$	1,712,750

LNR:			26.2%
	Mortgage notes payable			2013-2031	3.89%	$	466,882	$	353,504
	Liabilities of consolidated CMBS and CDO trusts			n/a	5.32%		82,522,220		127,348,336
						$	82,989,102	$	127,701,840

Partially owned office buildings:
	666 Fifth Avenue Office Condominium mortgage
		note payable	49.5%	02/19	6.76%	$	1,090,592	$	1,035,884
	280 Park Avenue mortgage notes payable		49.5%	06/16	6.65%		738,009		737,678
	Warner Building mortgage note payable		55.0%	05/16	6.26%		292,700		292,700
	One Park Avenue mortgage note payable		30.3%	03/16	5.00%		250,000		250,000
	330 Madison Avenue mortgage note payable		25.0%	06/15	1.73%		150,000		150,000
	Fairfax Square mortgage note payable		20.0%	12/14	7.00%		70,344		70,974
	Rosslyn Plaza mortgage note payable		43.7% to 50.4%	n/a	n/a		-		56,680
	West 57th Street properties mortgage note payable		50.0%	02/14	4.94%		20,628		21,864
	Other		Various	Various	6.38%		69,839		70,230
						$	2,682,112	$	2,686,010

India Real Estate Ventures:
	TCG Urban Infrastructure Holdings mortgage notes
		payable	25.0%	2012-2022	13.13%	$	241,208	$	226,534

Other:
	Verde Realty Operating Partnership mortgage notes
		payable	8.3%	2013-2025	5.52%	$	503,211	$	340,378
	Monmouth Mall mortgage note payable		50.0%	09/15	5.44%		160,662		162,153
	Other⁽³⁾		Various	Various	4.93%		994,009		992,872
						$	1,657,882	$	1,495,403


(1)		32.7% at December 31, 2011.

(2)		12.0% at December 31, 2011.

(3)		Includes interests in Suffolk Downs, Fashion Centre Mall and others.

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 28, 2012		October 29, 2011
	Assets					$	11,680,000	$	13,221,000
	Liabilities						9,836,000		11,530,000
	Noncontrolling interests						39,000		-
	Toys “R” Us, Inc. equity						1,805,000		1,691,000

		For the Three Months Ended				For the Nine Months Ended
Income Statement:		July 28, 2012		July 30, 2011		July 28, 2012		July 30, 2011
	Total revenues	$	2,552,000	$	2,648,000	$	11,089,000	$	11,256,000
	Net (loss) income attributable to Toys		(34,000)		(36,000)		249,000		227,000

Alexander's 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, 2012		December 31, 2011
	Assets					$	1,765,000	$	1,771,000
	Liabilities						1,401,000		1,408,000
	Noncontrolling interests						5,000		4,000
	Stockholders' equity						359,000		359,000

		For the Three Months Ended				For the Nine Months Ended
Income Statement:		September 30, 2012		September 30, 2011		September 30, 2012		September 30, 2011
	Total revenues	$	49,000	$	47,000	$	143,000	$	139,000
	Net income attributable to Alexander’s		19,000		20,000		57,000		59,000

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, 2012		September 30, 2011
	Assets					$	3,017,000	$	3,164,000
	Liabilities						1,937,000		1,888,000
	Noncontrolling interests						28,000		59,000
	Shareholders’ equity						1,052,000		1,217,000

		For the Three Months Ended				For the Nine Months Ended
Income Statement:		June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011
	Total revenues	$	84,000	$	78,000	$	250,000	$	238,000
	Net income (loss) attributable to Lexington		5,000		(44,000)		22,000		(49,000)

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, 2012		September 30, 2011
	Assets					$	83,899,000	$	128,536,000
	Liabilities						83,087,000		127,809,000
	Noncontrolling interests						9,000		55,000
	LNR Property Corporation equity						803,000		672,000

		For the Three Months Ended				For the Nine Months Ended
Income Statement:		June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011
	Total revenues	$	59,000	$	73,000	$	163,000	$	156,000
	Net income attributable to LNR		63,000		52,000		150,000		152,000

Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2012

Discontinued Operations Tables [Abstract]

Schedule Of Assets And Liabilities And Results Of Operations Related To Discontinued Operations

		Assets Related to				Liabilities Related to
(Amounts in thousands)		Discontinued Operations as of				Discontinued Operations as of
		September 30,		December 31,		September 30,		December 31,
		2012		2011		2012		2011
Retail Properties		$	384,973	$	520,014	$	319,233	$	351,083
Washington, DC Properties			86,933		152,568		93,000		93,000
Merchandise Mart Properties			66,032		376,571		66,747		74,236
Total		$	537,938	$	1,049,153	$	478,980	$	518,319


		For the Three Months				For the Nine Months
(Amounts in thousands)		Ended September 30,				Ended September 30,
		2012		2011		2012		2011
Total revenues		$	27,651	$	49,656	$	112,585	$	160,747
Total expenses			21,082		41,212		81,508		130,571
			6,569		8,444		31,077		30,176
Net gains on sale of real estate			131,088		-		203,801		51,623
Gain on sale of Canadian Trade Shows, net of $11,448 of
	income taxes		19,657		-		19,657		-
Impairment losses			-		-		(13,511)		-
Net gain on extinguishment of High Point debt			-		-		-		83,907
Income from discontinued operations		$	157,314	$	8,444	$	241,024	$	165,706

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details

Identified Intangible Assets and Intangible Liabilities (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Identified Intangible Assets and Intangible Liabilities (Table)

	Balance as of
	September 30,		December 31,
(Amounts in thousands)	2012		2011
Identified intangible assets:
Gross amount	$	615,199	$	642,471
Accumulated amortization		(362,516)		(347,039)
Net	$	252,683	$	295,432
Identified intangible liabilities (included in deferred revenue):
Gross amount	$	816,774	$	830,411
Accumulated amortization		(398,262)		(367,525)
Net	$	418,512	$	462,886

Below Market Leases Net Of Above Market Leases [Member]

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

(Amounts in thousands)
2013	$	42,023
2014		36,603
2015		33,816
2016		31,333
2017		25,841

Other Identified Intangible Assets [Member]

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

(Amounts in thousands)
2013	$	40,739
2014		22,450
2015		17,244
2016		14,714
2017		11,853

Tenant Under Ground Leases [Member]

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

(Amounts in thousands)
2013	$	1,472
2014		1,457
2015		1,457
2016		1,457
2017		1,457

Debt (Tables)

9 Months Ended

Sep. 30, 2012

Debt Disclosure [Abstract]

Schedule of Debt

				Interest
(Amounts in thousands)				Rate at	Balance at
				September 30,	September 30,		December 31,
Notes and mortgages payable:			Maturity (1)	2012	2012		2011
Fixed rate:
	New York:
		Two Penn Plaza	03/18	5.13%	$	425,000	$	425,000
		1290 Avenue of the Americas	01/13	5.97%		410,021		413,111
		770 Broadway	03/16	5.65%		353,000		353,000
		888 Seventh Avenue	01/16	5.71%		318,554		318,554
		350 Park Avenue⁽²⁾	01/17	3.75%		300,000		430,000
		909 Third Avenue	04/15	5.64%		200,241		203,217
		828-850 Madison Avenue Condominium - retail	06/18	5.29%		80,000		80,000
		510 5th Avenue - retail	01/16	5.60%		31,377		31,732

	Washington, DC:
		Skyline Properties⁽³⁾	02/17	5.74%		694,711		678,000
		River House Apartments	04/15	5.43%		195,546		195,546
		2101 L Street⁽⁴⁾	08/24	3.97%		150,000		-
		2121 Crystal Drive	03/23	5.51%		150,000		150,000
		Bowen Building	06/16	6.14%		115,022		115,022
		1215 Clark Street, 200 12th Street and 251 18th Street	01/25	7.09%		106,628		108,423
		West End 25	06/21	4.88%		101,671		101,671
		Universal Buildings	04/14	6.49%		94,497		98,239
		2011 Crystal Drive	08/17	7.30%		79,865		80,486
		1550 and 1750 Crystal Drive	11/14	7.08%		74,765		76,624
		220 20th Street	02/18	4.61%		74,246		75,037
		2231 Crystal Drive	08/13	7.08%		42,160		43,819
		1225 Clark Street	08/13	7.08%		25,219		26,211
		1235 Clark Street	n/a	n/a		-		51,309
		1750 Pennsylvania Avenue	n/a	n/a		-		44,330

	Retail:
		Cross-collateralized mortgages on 40 strip shopping centers	09/20	4.23%		576,281		585,398
		Montehiedra Town Center	07/16	6.04%		120,000		120,000
		Broadway Mall	07/13	5.30%		85,840		87,750
		North Bergen (Tonnelle Avenue)	01/18	4.59%		75,000		75,000
		Las Catalinas Mall	11/13	6.97%		54,719		55,912
		Other	06/14-05/36	5.12%-7.30%		87,055		88,237

	Merchandise Mart:
		Merchandise Mart	12/16	5.57%		550,000		550,000

	Other:
		555 California Street	09/21	5.10%		600,000		600,000
		Borgata Land	02/21	5.14%		60,000		60,000
Total fixed rate notes and mortgages payable				5.40%	$	6,231,418	$	6,321,628
___________________
		See notes on page 24.

					Interest
(Amounts in thousands)					Rate at	Balance at
				Spread over	September 30,	September 30,		December 31,
Notes and mortgages payable:			Maturity (1)	LIBOR	2012	2012		2011
Variable rate:
	New York:
		Eleven Penn Plaza	01/19	L+235	2.58%	$	330,000	$	330,000
		100 West 33rd Street - office & retail⁽⁵⁾	03/17	L+250	2.73%		325,000		232,000
		4 Union Square South - retail	04/14	L+325	3.48%		75,000		75,000
		435 Seventh Avenue - retail⁽⁶⁾	08/19	L+225	2.47%		98,000		51,353
		866 UN Plaza	05/16	L+125	1.48%		44,978		44,978
	Washington, DC:
		River House Apartments	04/18	n/a⁽⁷⁾	1.63%		64,000		64,000
		2200/2300 Clarendon Boulevard	01/15	L+75	0.98%		48,859		53,344
		1730 M and 1150 17th Street	06/14	L+140	1.62%		43,581		43,581
		2101 L Street ⁽⁴⁾	n/a	n/a	n/a		-		150,000
	Retail:
		Bergen Town Center	03/13	L+150	1.73%		282,312		283,590
		San Jose Strip Center	03/13	L+400	4.25%		106,332		112,476
		Cross-collateralized mortgages on 40 strip
		shopping centers ⁽⁸⁾	09/20	L+136⁽⁸⁾	2.36%		60,000		60,000
		Beverly Connection	n/a	n/a	n/a		-		100,000
		Other	11/12	L+375	3.98%		19,427		19,876
	Other:
		220 Central Park South	10/13	L+275	2.97%		123,750		123,750
	Total variable rate notes and mortgages payable				2.50%		1,621,239		1,743,948
	Total notes and mortgages payable				4.80%	$	7,852,657	$	8,065,576

Senior unsecured notes:
	Senior unsecured notes due 2015		04/15		4.25%	$	499,586	$	499,462
	Senior unsecured notes due 2039 ⁽⁹⁾		10/39		7.88%		460,000		460,000
	Senior unsecured notes due 2022		01/22		5.00%		398,335		398,199
	Total senior unsecured notes				5.70%	$	1,357,921	$	1,357,661

Unsecured revolving credit facilities:
	$1.25 billion unsecured revolving credit facility		11/16	L+125	1.43%	$	600,000	$	138,000
	$1.25 billion unsecured revolving credit facility
		($22,576 reserved for outstanding letters of credit)	06/16	L+135	-		-		-
	Total unsecured revolving credit facilities				1.43%	$	600,000	$	138,000

3.88% exchangeable senior debentures⁽¹⁰⁾			n/a		n/a	$	-	$	497,898

2.85% convertible senior debentures⁽¹⁰⁾			n/a		n/a	$	-	$	10,168

	See notes on the following page.

	Notes to preceding tabular information (amounts in thousands):

	(1)	Represents the extended maturity for certain loans in which we have the unilateral right, ability and intent to extend.

	(2)	On January 9, 2012, we completed a $300,000 refinancing of this property. The five-year fixed rate loan bears interest at 3.75% and amortizes based on a 30-year schedule beginning in the third year. The proceeds of the new loan and $132,000 of existing cash were used to repay the existing loan and closing costs.

	(3)	In the first quarter of 2012, we notified the lender that due to scheduled lease expirations resulting primarily from the effects of the Base Realignment and Closure statute, the Skyline properties had a 26% vacancy rate, which is expected to increase and, accordingly, cash flows are expected to decrease. As a result, our subsidiary that owns these properties does not have and is not expected to have for some time sufficient funds to pay all of its current obligations, including interest payments to the lender. Based on the projected vacancy and the significant amount of capital required to re-tenant these properties, at our request, the mortgage loan was transferred to the special servicer. In the second quarter of 2012, we entered into a forbearance agreement with the special servicer to apply cash flows of the property, before interest on the loan, towards the repayment of $4,000 of tenant improvements and leasing commissions we recently funded in connection with a new lease at these properties. In the third quarter, we were repaid our capital in full. The forbearance agreement (amended September 1, 2012, to extend its maturity) provides that through the December 1, 2012 payment date, any interest shortfall would be deferred and added to the principal balance of the loan and not give rise to a loan default. As of September 30, 2012, the deferred interest amounted to $16,711. We continue to negotiate with the special servicer to restructure the terms of the loan.

	(4)	On July 26, 2012, we completed a $150,000 refinancing of this property. The twelve-year fixed rate loan bears interest at 3.97% and amortizes based on a 30-year schedule beginning in the third year.

	(5)	On March 5, 2012, we completed a $325,000 refinancing of this property. The three-year loan bears interest at LIBOR plus 2.50% and has two one-year extension options. We retained net proceeds of approximately $87,000, after repaying the existing loan and closing costs.

	(6)	On August 17, 2012, we completed a $98,000 refinancing of this property. The seven-year loan bears interest at LIBOR plus 2.25%. We retained net proceeds of approximately $44,000 after repaying the existing loan and closing costs.

	(7)	Interest at the Freddie Mac Reference Note Rate plus 1.53%.

	(8)	LIBOR floor of 1.00%.

	(9)	May be redeemed at our option in whole or in part beginning on October 1, 2014, at a price equal to the principal amount plus accrued interest.

	(10)	In April 2012, we redeemed all of the outstanding exchangeable and convertible senior debentures at par, for an aggregate of $510,215 in cash.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

+ Details

Redeemable Noncontrolling Interests (Tables)

9 Months Ended

Sep. 30, 2012

Redeemable Noncontrolling Interests Tables [Abstract]

Summary Of Activity Of Redeemable Noncontrolling Interests

(Amounts in thousands)
Balance at December 31, 2010	$	1,327,974
Net income		47,364
Distributions		(38,393)
Conversion of Class A units into common shares, at redemption value		(38,220)
Adjustments to carry redeemable Class A units at redemption value		(114,628)
Redemption of Series D-11 redeemable units		(28,000)
Other, net		4,623
Balance at September 30, 2011	$	1,160,720

Balance at December 31, 2011	$	1,160,677
Net income		40,595
Distributions		(34,138)
Conversion of Class A units into common shares, at redemption value		(51,216)
Adjustments to carry redeemable Class A units at redemption value		63,657
Redemption of Series D-10 and D-14 redeemable units		(168,300)
Other, net		(15,776)
Balance at September 30, 2012	$	995,499

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Fair Values of Financial Assets and Liabilities by Levels Table

			As of September 30, 2012
(Amounts in thousands)			Total		Level 1		Level 2		Level 3
	Marketable securities		$	485,001	$	485,001	$	-	$	-
	Real Estate Fund investments (75% of which is attributable to
		noncontrolling interests)		482,442		-		-		482,442
	Deferred compensation plan assets (included in other assets)			103,003		42,236		-		60,767
	J.C. Penney derivative position (included in other assets)⁽¹⁾			8,524		-		8,524		-
		Total assets	$	1,078,970	$	527,237	$	8,524	$	543,209

	Mandatorily redeemable instruments (included in other liabilities)		$	55,097	$	55,097	$	-	$	-
	Interest rate swap (included in other liabilities)			52,935		-		52,935		-
		Total liabilities	$	108,032	$	55,097	$	52,935	$	-


	(1) Represents the cash deposited with the counterparty in excess of the mark-to-market loss on the derivative position.

			As of December 31, 2011
(Amounts in thousands)			Total		Level 1		Level 2		Level 3
	Marketable securities		$	741,321	$	741,321	$	-	$	-
	Real Estate Fund investments (75% of which is attributable to
		noncontrolling interests)		346,650		-		-		346,650
	Deferred compensation plan assets (included in other assets)			95,457		39,236		-		56,221
	J.C. Penney derivative position (included in other assets)⁽¹⁾			30,600		-		30,600		-
		Total assets	$	1,214,028	$	780,557	$	30,600	$	402,871

	Mandatorily redeemable instruments (included in other liabilities)		$	54,865	$	54,865	$	-	$	-
	Interest rate swap (included in other liabilities)			44,114		-		44,114		-
		Total liabilities	$	98,979	$	54,865	$	44,114	$	-


	(1) Represents the mark-to-market gain on the derivative position.

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

			Weighted Average
			(based on fair
Unobservable Quantitative Input		Range	value of investments)
	Discount rates	12.5% to 23.3%	14.6%
	Terminal capitalization rates	5.3% to 6.8%	6.0%

Schedule Of Carrying Amounts And Fair Values Of Financial Instruments

			As of September 30, 2012				As of December 31, 2011
			Carrying		Fair		Carrying		Fair
(Amounts in thousands)			Amount		Value		Amount		Value
	Assets:
	Mezzanine loans receivable		$	131,585	$	127,000	$	133,948	$	129,000
	Stock purchase warrant (residential property)			-		35,000		-		-
			$	131,585	$	162,000	$	133,948	$	129,000

	Liabilities:
		Notes and mortgages payable	$	7,852,657	$	7,900,000	$	8,065,576	$	8,181,000
		Senior unsecured notes		1,357,921		1,476,000		1,357,661		1,426,000
		Revolving credit facility debt		600,000		600,000		138,000		138,000
		Exchangeable senior debentures		-		-		497,898		510,000
		Convertible senior debentures		-		-		10,168		10,000
			$	9,810,578	$	9,976,000	$	10,069,303	$	10,265,000

Real Estate Fund Investments [Member]

Summary of Changes in Level 3 Assets [Table Text Block]

	For the Three Months				For the Nine Months
	Ended September 30,				Ended September 30,
(Amounts in thousands)		2012		2011	2012		2011
Beginning balance	$	388,455	$	255,795	$	346,650	$	144,423
Purchases		88,429		-		163,021		123,047
Sales/Returns		-		-		(61,052)		(12,831)
Realized gains		-		-		-		3,085
Unrealized gains		5,558		5,639		33,537		19,209
Other, net		-		(17)		286		(15,516)
Ending balance	$	482,442	$	261,417	$	482,442	$	261,417

Deferred Compensation Plan Assets [Member]

Summary of Changes in Level 3 Assets [Table Text Block]

	For the Three Months				For the Nine Months
	Ended September 30,				Ended September 30,
(Amounts in thousands)		2012		2011	2012		2011
Beginning balance	$	58,313	$	53,724	$	56,221	$	47,850
Purchases		1,650		3,155		5,416		22,259
Sales		(276)		(1,044)		(4,287)		(18,538)
Realized and unrealized gain (loss)		1,080		(2,051)		3,349		2,166
Other, net		-		103		68		150
Ending balance	$	60,767	$	53,887	$	60,767	$	53,887

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details

- Definition

Tabular disclosure of the fair value measurement of assets and liabilities which includes [financial] instruments measured at fair value that are classified in stockholders' equity. Such assets and liabilities may be measured on a recurring or nonrecurring basis. The disclosures which may be required or desired include: (1) for assets and liabilities measured on a recurring basis, disclosure may include: (a) the fair value measurements at the reporting date; (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); (c) for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (ii) purchases, sales, issuances, and settlements (net); (iii) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs); (d) the amount of the total gains or losses for the period in subparagraph (c) (i) above included in earnings (or changes in net assets) that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of income (or activities); (e) the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period and (2) for assets and liabilities that are measured at fair value on a nonrecurring basis (for example, impaired assets) disclosure may include, in addition to (a) above: (a) the reasons for the fair value measurements recorded; (b) the same as (b) above; (c) for fair value measurements using significant unobservable inputs (Level 3), a description of the inputs and the information used to develop the inputs; and (d) the valuation technique(s) used to measure fair value and a discussion of changes, if any, in the valuation technique(s) used to measure similar assets and/or liabilities in prior periods. Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 33
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 6
-Footnote 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19190-110258

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19279-110258

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-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19296-110258

+ Details

Fee and Other Income (Tables)

9 Months Ended

Sep. 30, 2012

Fee And Other Income Tables [Abstract]

Fee and Other Income (Table)

	For the Three Months				For the Nine Months
(Amounts in thousands)	Ended September 30,				Ended September 30,
	2012		2011		2012		2011
BMS cleaning fees	$	16,945	$	15,647	$	49,437	$	46,479
Signage revenue		4,783		5,085		14,252		14,746
Management and leasing fees		7,234		4,773		16,534		16,660
Lease termination fees		282		4,803		1,172		12,478
Other income		10,444		6,468		24,623		21,450
	$	39,688	$	36,776	$	106,018	$	111,813

Interest and Other Investment Income (Loss), Net (Tables)

9 Months Ended

Sep. 30, 2012

Interest And Other Investment Loss Income Net Tables [Abstract]

Schedule Of Interest And Other Investment Income, Net [Text Block]

		For the Three Months				For the Nine Months
(Amounts in thousands)		Ended September 30,				Ended September 30,
		2012		2011		2012		2011
Income (loss) from the mark-to-market of J.C. Penney derivative position		$	4,344	$	(37,537)	$	(53,343)	$	(27,136)
Interest on mezzanine loans receivable			2,852		3,442		8,867		9,169
Mark-to-market of investments in our deferred compensation plan⁽¹⁾			1,116		(5,243)		5,267		1,502
Dividends and interest on marketable securities			-		7,605		11,093		22,941
Mezzanine loans loss reversal and net gain on disposition			-		-		-		82,744
Other, net			2,211		1,722		5,132		5,866
		$	10,523	$	(30,011)	$	(22,984)	$	95,086
__________________________

(1)	This income is entirely offset by the expense resulting from the mark-to-market of the deferred compensation plan liability, which is included in "general and administrative" expense.

Income Per Share (Tables)

9 Months Ended

Sep. 30, 2012

Income Per Share Tables [Abstract]

Schedule Of Earnings Per Share Basic And Diluted [Text Block]

			For the Three Months				For the Nine Months
(Amounts in thousands, except per share amounts)			Ended September 30,				Ended September 30,
			2012		2011		2012		2011
Numerator:
	Income from continuing operations, net of income
		attributable to noncontrolling interests	$	93,433	$	45,553	$	303,755	$	418,163
	Income from discontinued operations, net of income
		attributable to noncontrolling interests		147,873		8,209		227,370		156,843
	Net income attributable to Vornado			241,306		53,762		531,125		575,006
	Preferred share dividends			(20,613)		(17,627)		(56,187)		(47,743)
	Discount on preferred unit redemptions			11,700		5,000		11,700		5,000
	Net income attributable to common shareholders			232,393		41,135		486,638		532,263
	Earnings allocated to unvested participating securities			(71)		(48)		(149)		(199)
	Numerator for basic income per share			232,322		41,087		486,489		532,064
	Impact of assumed conversions:
		Convertible preferred share dividends		28		-		85		94
	Numerator for diluted income per share		$	232,350	$	41,087	$	486,574	$	532,158

Denominator:
	Denominator for basic income per share –
		weighted average shares		185,924		184,398		185,656		184,220
	Effect of dilutive securities⁽¹⁾:
		Employee stock options and restricted share awards		681		1,667		693		1,764
		Convertible preferred shares		50		-		50		55
	Denominator for diluted income per share –
		weighted average shares and assumed conversions		186,655		186,065		186,399		186,039

INCOME PER COMMON SHARE – BASIC:
	Income from continuing operations, net		$	0.45	$	0.18	$	1.40	$	2.04
	Income from discontinued operations, net			0.80		0.04		1.22		0.85
	Net income per common share		$	1.25	$	0.22	$	2.62	$	2.89

INCOME PER COMMON SHARE – DILUTED:
	Income from continuing operations, net		$	0.45	$	0.18	$	1.39	$	2.02
	Income from discontinued operations, net			0.79		0.04		1.22		0.84
	Net income per common share		$	1.24	$	0.22	$	2.61	$	2.86


(1)		The effect of dilutive securities above excludes anti-dilutive weighted average common share equivalent of 12,652 and 18,857 in the three months ended September 30, 2012 and 2011, respectively, and 15,048 and 18,687 in the nine months ended September 30, 2012 and 2011, respectively.

Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

Segment Reporting Disclosure of Entitys Reportable Segments [Abstract]

Schedule of Segment Information


(Amounts in thousands)			For the Three Months Ended September 30, 2012
												Retail			Merchandise
				Total			New York			Washington, DC		Properties			Mart		Toys		Other
Property rentals				$	492,989		$	255,703		$	115,641	$	67,919		$	31,625	$	-	$	22,101
Straight-line rent adjustments					11,910			8,140			1,267		2,392			(171)		-		282
Amortization of acquired below-
	market leases, net				13,242			8,458			506		2,868			-		-		1,410
Total rentals					518,141			272,301			117,414		73,179			31,454		-		23,793
Tenant expense reimbursements					80,497			45,164			9,601		21,069			1,201		-		3,462
Cleveland Medical Mart development
	project				72,651			-			-		-			72,651		-		-
Fee and other income:
	BMS cleaning fees				16,945			23,918			-		-			-		-		(6,973)
	Signage revenue				4,783			4,783			-		-			-		-		-
	Management and leasing fees				7,234			1,816			4,615		736			142		-		(75)
	Lease termination fees				282			78			128		73			3		-		-
	Other income				10,444			1,116			8,288		632			481		-		(73)
Total revenues					710,977			349,176			140,046		95,689			105,932		-		20,134
Operating expenses					264,487			159,048			50,305		33,519			19,130		-		2,485
Depreciation and amortization					124,335			57,967			29,825		18,202			7,439		-		10,902
General and administrative					48,742			6,739			6,668		6,103			4,120		-		25,112
Cleveland Medical Mart development
	project				70,431			-			-		-			70,431		-		-
Acquisition related costs and
	tenant buy-outs				1,070			-			-		-			-		-		1,070
Total expenses					509,065			223,754			86,798		57,824			101,120		-		39,569
Operating income (loss)					201,912			125,422			53,248		37,865			4,812		-		(19,435)
(Loss) applicable to Toys					(8,585)			-			-		-			-		(8,585)		-
Income (loss) from partially owned
	entities				21,268			9,309			(2,182)		342			219		-		13,580
Income from Real Estate Fund					5,509			-			-		-			-		-		5,509
Interest and other investment
	income, net				10,523			1,057			24		4			-		-		9,438
Interest and debt expense					(120,770)			(36,817)			(28,311)		(14,732)			(7,906)		-		(33,004)
Income (loss) before income taxes					109,857			98,971			22,779		23,479			(2,875)		(8,585)		(23,912)
Income tax (expense) benefit					(3,015)			(815)			25		-			2,166		-		(4,391)
Income (loss) from continuing
	operations				106,842			98,156			22,804		23,479			(709)		(8,585)		(28,303)
Income from discontinued
	operations				157,314			-			126,437		11,085			19,792		-		-
Net income (loss)					264,156			98,156			149,241		34,564			19,083		(8,585)		(28,303)
Less net (income) loss attributable to
		noncontrolling interests in:
		Consolidated subsidiaries			(6,610)			(2,092)			-		97			-		-		(4,615)
		Operating Partnership, including
		unit distributions			(16,240)			-			-		-			-		-		(16,240)
Net income (loss) attributable to
	Vornado				241,306			96,064			149,241		34,661			19,083		(8,585)		(49,158)
Interest and debt expense⁽²⁾					183,241			46,823			33,280		17,499			8,916		34,526		42,197
Depreciation and amortization⁽²⁾					177,593			62,905			35,071		21,345			7,662		33,160		17,450
Income tax expense (benefit)⁽²⁾					3,850			871			(25)		-			9,281		(11,118)		4,841
EBITDA⁽¹⁾					605,990			206,663			217,567		73,505			44,942		47,983		15,330
Less EBITDA from discontinued
	operations				(176,110)	⁽³⁾		-			(128,745)		(15,160)			(32,205)		-		-
EBITDA from continuing operations				$	429,880		$	206,663	⁽⁴⁾	$	88,822	$	58,345	⁽⁵⁾	$	12,737	$	47,983	$	15,330	⁽⁶⁾


See notes on page 38.


(Amounts in thousands)			For the Three Months Ended September 30, 2011
												Retail			Merchandise
				Total			New York			Washington, DC		Properties			Mart		Toys		Other
Property rentals				$	507,258		$	247,794		$	133,659	$	67,616		$	35,586	$	-	$	22,603
Straight-line rent adjustments					7,087			6,445			(1,308)		1,911			(501)		-		540
Amortization of acquired below-
	market leases, net				15,847			9,833			557		4,346			-		-		1,111
Total rentals					530,192			264,072			132,908		73,873			35,085		-		24,254
Tenant expense reimbursements					85,757			49,125			9,640		23,059			1,681		-		2,252
Cleveland Medical Mart development
	project				35,135			-			-		-			35,135		-		-
Fee and other income:
	BMS cleaning fees				15,647			22,571			-		-			-		-		(6,924)
	Signage revenue				5,085			5,085			-		-			-		-		-
	Management and leasing fees				4,773			1,022			2,670		755			45		-		281
	Lease termination fees				4,803			3,540			1,002		261			-		-		-
	Other income				6,468			1,049			5,039		229			543		-		(392)
Total revenues					687,860			346,464			151,259		98,177			72,489		-		19,471
Operating expenses					262,837			152,880			49,013		37,415			21,289		-		2,240
Depreciation and amortization					126,935			55,685			32,346		20,414			7,642		-		10,848
General and administrative					46,121			6,452			6,502		6,088			9,206		-		17,873
Cleveland Medical Mart development
	project				33,419			-			-		-			33,419		-		-
Acquisition related costs and
	tenant buy-outs				2,288			1,558			-		35			-		-		695
Total expenses					471,600			216,575			87,861		63,952			71,556		-		31,656
Operating income (loss)					216,260			129,889			63,398		34,225			933		-		(12,185)
(Loss) applicable to Toys					(9,304)			-			-		-			-		(9,304)		-
Income (loss) from partially owned
	entities				13,140			1,203			(1,356)		575			38		-		12,680
Income from Real Estate Fund					5,353			-			-		-			-		-		5,353
Interest and other investment
	(loss) income, net				(30,011)			1,047			39		1			1		-		(31,099)
Interest and debt expense					(131,998)			(39,088)			(28,928)		(17,639)			(7,866)		-		(38,477)
Net gain on disposition of wholly
	owned and partially owned assets				1,298			-			-		-			-		-		1,298
Income (loss) before income taxes					64,738			93,051			33,153		17,162			(6,894)		(9,304)		(62,430)
Income tax expense					(6,959)			(678)			(881)		-			(784)		-		(4,616)
Income (loss) from continuing
	operations				57,779			92,373			32,272		17,162			(7,678)		(9,304)		(67,046)
Income (loss) from discontinued
	operations				8,444			165			1,622		6,272			483		-		(98)
Net income (loss)					66,223			92,538			33,894		23,434			(7,195)		(9,304)		(67,144)
Less net (income) loss attributable to
		noncontrolling interests in:
		Consolidated subsidiaries			(5,636)			(2,219)			-		110			-		-		(3,527)
		Operating Partnership, including
		unit distributions			(6,825)			-			-		-			-		-		(6,825)
Net income (loss) attributable to
	Vornado				53,762			90,319			33,894		23,544			(7,195)		(9,304)		(77,496)
Interest and debt expense⁽²⁾					197,864			46,691			33,703		20,678			9,523		38,018		49,251
Depreciation and amortization⁽²⁾					193,394			65,539			38,085		24,117			12,230		34,293		19,130
Income tax (benefit) expense⁽²⁾					(7,350)			734			925		-			890		(15,135)		5,236
EBITDA⁽¹⁾					437,670			203,283			106,607		68,339			15,448		47,872		(3,879)
Less EBITDA from discontinued
	operations				(22,597)	⁽³⁾		(276)			(4,568)		(11,288)			(6,563)		-		98
EBITDA from continuing operations				$	415,073		$	203,007	⁽⁴⁾	$	102,039	$	57,051	⁽⁵⁾	$	8,885	$	47,872	$	(3,781)	⁽⁶⁾


See notes on page 38.


(Amounts in thousands)			For the Nine Months Ended September 30, 2012
												Retail			Merchandise
				Total			New York			Washington, DC		Properties			Mart		Toys		Other
Property rentals				$	1,469,751		$	735,587		$	356,459	$	203,237		$	107,687	$	-	$	66,781
Straight-line rent adjustments					55,189			42,334			4,382		7,285			580		-		608
Amortization of acquired below-
	market leases, net				39,228			23,776			1,537		9,648			-		-		4,267
Total rentals					1,564,168			801,697			362,378		220,170			108,267		-		71,656
Tenant expense reimbursements					224,287			118,861			30,471		64,915			3,702		-		6,338
Cleveland Medical Mart development
	project				184,014			-			-		-			184,014		-		-
Fee and other income:
	BMS cleaning fees				49,437			70,476			-		-			-		-		(21,039)
	Signage revenue				14,252			14,252			-		-			-		-		-
	Management and leasing fees				16,534			4,037			9,782		2,640			188		-		(113)
	Lease termination fees				1,172			334			256		74			508		-		-
	Other income				24,623			3,449			18,846		1,361			1,221		-		(254)
Total revenues					2,078,487			1,013,106			421,733		289,160			297,900		-		56,588
Operating expenses					764,018			447,910			143,923		104,788			59,929		-		7,468
Depreciation and amortization					386,974			168,391			107,395		56,830			22,324		-		32,034
General and administrative					151,142			21,980			19,849		18,803			14,877		-		75,633
Cleveland Medical Mart development
	project				177,127			-			-		-			177,127		-		-
Acquisition related costs and
	tenant buy-outs				4,314			-			-		-			-		-		4,314
Total expenses					1,483,575			638,281			271,167		180,421			274,257		-		119,449
Operating income (loss)					594,912			374,825			150,566		108,739			23,643		-		(62,861)
Income applicable to Toys					88,696			-			-		-			-		88,696		-
Income (loss) from partially owned
	entities				53,491			20,345			(4,571)		1,040			560		-		36,117
Income from Real Estate Fund					37,572			-			-		-			-		-		37,572
Interest and other investment
	(loss) income, net				(22,984)			3,166			97		24			-		-		(26,271)
Interest and debt expense					(377,600)			(109,365)			(85,408)		(49,705)			(23,467)		-		(109,655)
Net gain on disposition of wholly
	owned and partially owned assets				4,856			-			-		-			-		-		4,856
Income (loss) before income taxes					378,943			288,971			60,684		60,098			736		88,696		(120,242)
Income tax (expense) benefit					(17,319)			(2,480)			(1,277)		-			343		-		(13,905)
Income (loss) from continuing
	operations				361,624			286,491			59,407		60,098			1,079		88,696		(134,147)
Income (loss) from discontinued
	operations				241,024			(640)			130,979		36,404			67,291		-		6,990
Net income (loss)					602,648			285,851			190,386		96,502			68,370		88,696		(127,157)
Less net (income) loss attributable to
	noncontrolling interests in:
	Consolidated subsidiaries				(30,928)			(7,266)			-		308			-		-		(23,970)
	Operating Partnership, including
		unit distributions			(40,595)			-			-		-			-		-		(40,595)
Net income (loss) attributable to
	Vornado				531,125			278,585			190,386		96,810			68,370		88,696		(191,722)
Interest and debt expense⁽²⁾					567,265			140,294			99,486		58,039			26,492		103,388		139,566
Depreciation and amortization⁽²⁾					552,794			188,480			122,987		65,751			26,966		100,371		48,239
Income tax expense⁽²⁾					50,076			2,677			1,532		-			11,658		17,982		16,227
EBITDA⁽¹⁾					1,701,260			610,036			414,391		220,600			133,486		310,437		12,310
Less EBITDA from discontinued
	operations				(279,464)	⁽³⁾		640			(138,707)		(48,251)			(86,156)		-		(6,990)
EBITDA from continuing operations				$	1,421,796		$	610,676	⁽⁴⁾	$	275,684	$	172,349	⁽⁵⁾	$	47,330	$	310,437	$	5,320	⁽⁶⁾

See notes on page 38.


(Amounts in thousands)			For the Nine Months Ended September 30, 2011
											Retail			Merchandise
			Total			New York			Washington, DC		Properties			Mart		Toys		Other
Property rentals			$	1,517,994		$	727,886		$	400,909	$	202,701		$	118,540	$	-	$	67,958
Straight-line rent adjustments				26,192			22,636			(2,138)		4,666			(1,261)		-		2,289
Amortization of acquired below-
	market leases, net			48,681			33,173			1,597		10,552			-		-		3,359
Total rentals				1,592,867			783,695			400,368		217,919			117,279		-		73,606
Tenant expense reimbursements				237,945			125,921			27,242		71,926			4,988		-		7,868
Cleveland Medical Mart development
	project			108,203			-			-		-			108,203		-		-
Fee and other income:
	BMS cleaning fees			46,479			66,913			-		-			-		-		(20,434)
	Signage revenue			14,746			14,746			-		-			-		-		-
	Management and leasing fees			16,660			3,560			9,629		3,068			348		-		55
	Lease termination fees			12,478			9,176			3,013		289			-		-		-
	Other income			21,450			3,391			15,316		1,172			1,791		-		(220)
Total revenues				2,050,828			1,007,402			455,568		294,374			232,609		-		60,875
Operating expenses				773,331			435,519			142,211		113,167			71,210		-		11,224
Depreciation and amortization				373,380			165,031			96,940		57,472			21,594		-		32,343
General and administrative				154,359			20,409			19,496		20,046			22,659		-		71,749
Cleveland Medical Mart development
	project			101,637			-			-		-			101,637		-		-
Acquisition related costs and
	tenant buy-outs			22,455			16,558			-		35			3,040		-		2,822
Total expenses				1,425,162			637,517			258,647		190,720			220,140		-		118,138
Operating income (loss)				625,666			369,885			196,921		103,654			12,469		-		(57,263)
Income applicable to Toys				80,794			-			-		-			-		80,794		-
Income (loss) from partially owned
	entities			55,035			13,320			(6,038)		1,221			292		-		46,240
Income from Real Estate Fund				25,491			-			-		-			-		-		25,491
Interest and other investment
	income, net			95,086			3,169			119		1			1		-		91,796
Interest and debt expense				(394,192)			(114,381)			(85,971)		(53,024)			(23,342)		-		(117,474)
Net gain on disposition of wholly
	owned and partially owned assets			7,975			-			-		-			-		-		7,975
Income (loss) before income taxes				495,855			271,993			105,031		51,852			(10,580)		80,794		(3,235)
Income tax expense				(18,548)			(1,637)			(2,055)		(5)			(1,523)		-		(13,328)
Income (loss) from continuing
	operations			477,307			270,356			102,976		51,847			(12,103)		80,794		(16,563)
Income (loss) from discontinued
	operations			165,706			398			51,274		26,010			88,365		-		(341)
Net income (loss)				643,013			270,754			154,250		77,857			76,262		80,794		(16,904)
Less net (income) loss attributable to
	noncontrolling interests in:
	Consolidated subsidiaries			(20,643)			(6,815)			-		196			-		-		(14,024)
	Operating Partnership, including
		unit distributions		(47,364)			-			-		-			-		-		(47,364)
Net income (loss) attributable to
	Vornado			575,006			263,939			154,250		78,053			76,262		80,794		(78,292)
Interest and debt expense⁽²⁾				599,668			132,248			100,017		62,144			32,025		121,546		151,688
Depreciation and amortization⁽²⁾				561,738			181,611			118,290		68,294			34,632		101,862		57,049
Income tax expense⁽²⁾				42,135			1,644			2,380		5			2,211		29,914		5,981
EBITDA⁽¹⁾				1,778,547			579,442			374,937		208,496			145,130		334,116		136,426
Less EBITDA from discontinued
	operations			(211,539)	⁽³⁾		(710)			(60,220)		(40,988)			(109,962)		-		341
EBITDA from continuing operations			$	1,567,008		$	578,732	⁽⁴⁾	$	314,717	$	167,508	⁽⁵⁾	$	35,168	$	334,116	$	136,767	⁽⁶⁾


See notes on the following page.

21. Segment Information - continued

	Notes to preceding tabular information:


(1)	EBITDA represents "Earnings Before Interest, Taxes, Depreciation and Amortization." We consider EBITDA a supplemental measure for making decisions and assessing the unlevered performance of our segments as it relates to the total return on assets as opposed to the levered return on equity. As properties are bought and sold based on a multiple of EBITDA, we utilize this measure to make investment decisions as well as to compare the performance of our assets to that of our peers. EBITDA should not be considered a substitute for net income. EBITDA may not be comparable to similarly titled measures employed by other companies.


(2)	Interest and debt expense, depreciation and amortization and income tax (benefit) expense in the reconciliation of net income (loss) to EBITDA includes our share of these items from partially owned entities.


(3)	The following table reconciles income from discontinued operations to EBITDA from discontinued operations.

				For the Three Months				For the Nine Months
				Ended September 30,				Ended September 30,
	(Amounts in thousands)			2012		2011		2012		2011
	Income from discontinued operations			$	157,314	$	8,444	$	241,024	$	165,706
	Interest and debt expense				3,799		4,732		11,415		17,917
	Depreciation and amortization				3,560		9,236		14,818		26,916
	Income taxes				11,437		185		12,207		1,000
		EBITDA from discontinued operations		$	176,110	$	22,597	$	279,464	$	211,539


(4)	The elements of "New York" EBITDA from continuing operations are summarized below.

				For the Three Months				For the Nine Months
				Ended September 30,				Ended September 30,
	(Amounts in thousands)			2012		2011		2012		2011
	Office			$	139,894	$	137,295	$	419,054	$	399,182
	Retail				46,165		43,109		135,399		121,136	^(a)
	Alexander's				13,080		12,830		39,477		40,032
	Hotel Pennsylvania				7,524		9,773		16,746		18,382
		Total New York		$	206,663	$	203,007	$	610,676	$	578,732


	(a)		The EBITDA for the nine months ended September 30, 2011 is after a $16,558 expense for the buy-out of below-market leases.


(5)	The elements of "Retail Properties" EBITDA from continuing operations are summarized below.

				For the Three Months				For the Nine Months
				Ended September 30,				Ended September 30,
	(Amounts in thousands)			2012		2011		2012		2011
	Strip shopping centers			$	42,468	$	41,282	$	125,072	$	120,887
	Regional malls				15,877		15,769		47,277		46,621
		Total Retail properties		$	58,345	$	57,051	$	172,349	$	167,508

Details of Other EBITDA (Table)

21. Segment Information - continued

	Notes to preceding tabular information - continued:


(6)	The elements of "other" EBITDA from continuing operations are summarized below.

				For the Three Months				For the Nine Months
				Ended September 30,				Ended September 30,
	(Amounts in thousands)			2012		2011		2012		2011
	Our share of Real Estate Fund:
		Income before net realized/unrealized gains		$	1,874	$	743	$	4,162	$	2,550
		Net unrealized gains			1,389		1,410		8,384		4,802
		Net realized gains			-		-		-		771
		Carried interest			(2,541)		(475)		-		1,665
	Total				722		1,678		12,546		9,788
	LNR				18,773		15,769		46,006		38,569
	555 California Street				10,714		11,220		31,406		32,608
	Lexington				7,859		8,424		24,780		27,970
	Other investments				11,121		10,173		24,954		30,352
					49,189		47,264		139,692		139,287
	Corporate general and administrative expenses^(a)				(22,811)		(21,585)		(66,940)		(62,964)
	Investment income and other, net^(a)				5,033		12,541		28,865		37,284
	Fee income from Alexander's				1,821		1,758		5,617		5,545
	Income (loss) from the mark-to-market of J.C. Penney derivative
		position			4,344		(37,537)		(53,343)		(27,136)
	Verde Realty impairment loss				(4,936)		-		(4,936)		-
	Acquisition costs				(1,070)		(695)		(4,314)		(2,822)
	Net gain on sale of residential condominiums				-		1,298		1,274		5,884
	Mezzanine loans loss reversal and net gain on disposition				-		-		-		82,744
	Net gain resulting from Lexington's stock issuance				-		-		-		9,760
	Real Estate Fund placement fees				-		-		-		(3,451)
	Net income attributable to noncontrolling interests in the
		Operating Partnership, including unit distributions			(16,240)		(6,825)		(40,595)		(47,364)
				$	15,330	$	(3,781)	$	5,320	$	136,767


	(a)		The amounts in these captions (for this table only) exclude the mark-to-market of our deferred compensation plan assets and offsetting liability.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Organization (Details)	9 Months Ended
Organization (Details)	Sep. 30, 2012
Organization Details [Abstract]
Common limited partnership interest in Vornado Realty L.P., a Delaware limited partnership ("Operating Partnership")	93.80%

Acquisitions (Details)			9 Months Ended
Acquisitions (Details)	Jul. 30, 2012 USD ($) Rooms sqft	Jul. 05, 2012 USD ($) sqft ft	Sep. 30, 2012 USD ($)	Sep. 30, 2011 USD ($)
Acquisitions [Line Items]
Marriott Marquis Times Square Hotel - retail and signage capital lease: Asset (included in development costs and construction in progress)			$ 240,000,000	$ 0
Marriott Marquis Times Square Hotel - retail and signage capital lease: Liability (included in other liabilities)			$ (240,000,000)	$ 0
Fifth Avenue 666 [Member]
Acquisitions [Line Items]
Equity method ownership percentage		49.50%
Fifth Avenue 666 [Member] \| Retail Units [Member]
Acquisitions [Line Items]
Business Acquisition, Description of Acquired Entity		we entered into an agreement to acquire a retail condominium located at 666 Fifth Avenue at 53rd Street for $707,000,000. The property has 126 feet of frontage on Fifth Avenue and contains 114,000 square feet, 39,000 square feet in fee and 75,000 square feet by long-term lease from the 666 Fifth Avenue office condominium, which is 49.5% owned by Vornado
Square Footage Of Real Estate Property \| sqft		114,000
Business Acquisition Cost Of Acquired Entity Purchase Price		$ 707,000,000
Length of storefront in feet \| ft		126
Fifth Avenue 666 [Member] \| Retail Units [Member] \| Fee Simple [Member]
Acquisitions [Line Items]
Square Footage Of Real Estate Property \| sqft		39,000
Fifth Avenue 666 [Member] \| Retail Units [Member] \| Leasehold Interest [Member]
Acquisitions [Line Items]
Square Footage Of Real Estate Property \| sqft		75,000
Marriott Marquis Time Square Hotel [Member] \| Hotel [Member]
Acquisitions [Line Items]
Business Acquisition, Description of Acquired Entity	we entered into a lease with Host Hotels & Resorts, Inc. (NYSE: HST) (“Host”), under which we will redevelop the retail and signage components of the Marriott Marquis Times Square Hotel. The Marriott Marquis with over 1,900 rooms is one of the largest hotels in Manhattan. It is located in the heart of the bow-tie of Times Square and spans the entire block front from 45th Street to 46th Street on Broadway.
Redevelopment Expenditures Planned	$ 140,000,000
Length of storefront in feet \| sqft	300
Marriott Marquis Times Square Hotel - retail and signage capital lease: Asset (included in development costs and construction in progress)	$ 240,000,000
Marriott Marquis Times Square Hotel - retail and signage capital lease: Liability (included in other liabilities)	(240,000,000)
Capital Leases, Future Minimum Payments Due, Current	$ 12,500,000
Preferred Return Percentage	5.20%
Marriott Marquis Time Square Hotel [Member] \| Hotel [Member] \| Minimum [Member]
Acquisitions [Line Items]
Number of Units in Real Estate Property \| Rooms	1,900

Vornado Capital Partners Real Estate Fund (the "Fund") (Details) sqft in Thousands				3 Months Ended		9 Months Ended
	Aug. 20, 2012 USD ($) sqft Extensions	Jul. 02, 2012 USD ($) sqft Extensions	Apr. 26, 2012 USD ($) sqft Extensions	Sep. 30, 2012 USD ($) Investments	Sep. 30, 2011 USD ($)	Sep. 30, 2012 USD ($) Investments	Sep. 30, 2011 USD ($)	Dec. 31, 2011 USD ($)	Feb. 28, 2011 USD ($)
Real Estate Fund Nondepreciable Real Estate				$ 482,442,000		$ 482,442,000		$ 346,650,000
Unrealized Gain Loss On Real Estate Fund Investments				45,818,000		45,818,000
Real Estate Fund Investments Detail [Abstract]
Notes And Loans Payable				7,852,657,000		7,852,657,000		$ 8,065,576,000
Details of Income From Vornado Capital Partners Real Estate Fund [Abstract]
Income from Real Estate Fund				5,509,000	$ 5,353,000	37,572,000	$ 25,491,000
Less net income attributable to noncontrolling interests in: Consolidated subsidiaries				(6,610,000)	(5,636,000)	(30,928,000)	(20,643,000)
Vornado Realty Trust Excluding Real Estate Fund [Member]
Unfunded Commitments Of Fund				$ 78,592,750		$ 78,592,750
Real Estate Fund [Member]
Capital Commitments For Real Estate Fund									$ 800,000,000
Term of the Fund, years				8 years		8 years
Number Of Investments Made By Fund \| Investments				8		8
Investment period for commitments of the Fund, years				3 years		3 years
Real Estate Fund Nondepreciable Real Estate				$ 482,442,000		$ 482,442,000
Unrealized Gain Loss On Real Estate Fund Investments				45,818,000		45,818,000
Unfunded Commitments Of Fund				314,371,000		314,371,000
Details of Income From Vornado Capital Partners Real Estate Fund [Abstract]
Less net income attributable to noncontrolling interests in: Consolidated subsidiaries				(4,787,000)	(3,675,000)	(25,026,000)	(15,703,000)
Income From Real Estate Fund Attributable To Parent Company				722,000	1,678,000	12,546,000	9,788,000
Fee and Other Income				681,000	638,000	2,025,000	1,803,000
Real Estate Fund [Member] \| Broadway 520 [Member] \| Office Building [Member]
Real Estate Fund Investments Detail [Abstract]
Square Footage Of Real Estate Property \| sqft			112
Business Acquisition Cost Of Acquired Entity Purchase Price			$ 59,650,000
Notes And Loans Payable			$ 30,000,000
Debt Term			3 years
Debt Instrument, Basis Spread on Variable Rate			2.25%
Debt Instrument, Description of Variable Rate Basis			LIBOR
Number Of Extensions Available \| Extensions			2
Real Estate Fund [Member] \| Lincoln Road 1100 [Member] \| Retail Units [Member]
Real Estate Fund Investments Detail [Abstract]
Square Footage Of Real Estate Property \| sqft		167
Business Acquisition Cost Of Acquired Entity Purchase Price		$ 132,000,000
Business Acquisition Cost Of Acquired Entity Cash Paid		66,000,000
Business Acquisition Cost Of Acquired Entity Liabilities Incurred		$ 66,000,000
Debt Term		3 years
Debt Instrument, Basis Spread on Variable Rate		2.75%
Debt Instrument, Description of Variable Rate Basis		LIBOR
Number Of Extensions Available \| Extensions		2
Real Estate Fund [Member] \| NY 501 Broadway [Member] \| Retail Units [Member]
Real Estate Fund Investments Detail [Abstract]
Square Footage Of Real Estate Property \| sqft	9
Business Acquisition Cost Of Acquired Entity Purchase Price	$ 31,000,000
Business Acquisition Cost Of Acquired Entity Cash Paid	11,000,000
Business Acquisition Cost Of Acquired Entity Liabilities Incurred	$ 20,000,000
Debt Term	3 years
Debt Instrument, Basis Spread on Variable Rate	2.75%
Debt Instrument, Description of Variable Rate Basis	LIBOR
Number Of Extensions Available \| Extensions	2
LIBOR Floor	3.50%
Real Estate Fund [Member] \| Operating Income [Member]
Details of Income From Vornado Capital Partners Real Estate Fund [Abstract]
Income from Real Estate Fund				(49,000)	(286,000)	4,035,000	3,197,000
Real Estate Fund [Member] \| Realized Gain [Member]
Details of Income From Vornado Capital Partners Real Estate Fund [Abstract]
Income from Real Estate Fund				0	0	0	3,085,000
Real Estate Fund [Member] \| Unrealized Gain From Mark To Market [Member]
Details of Income From Vornado Capital Partners Real Estate Fund [Abstract]
Income from Real Estate Fund				$ 5,558,000	$ 5,639,000	$ 33,537,000	$ 19,209,000
Vornado Realty Trust [Member]
Capital Commitments For Real Estate Fund									$ 200,000,000

Marketable Securities and Derivative Instruments: Derivative Instrument (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Derivative [Line Items]
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax	$ 18,358	$ (161,178)	$ (202,167)	$ (120,334)
Derivative Instrument That Does Not Qualify For Hedge Accounting [Abstract]
Derivative Basis Spread On Variable Rate	0.80%		0.80%
Payments to fund derivative collateral			$ 121,117	33,850
JC Penney [Member]
Derivative [Line Items]
Investment Owned Balance Shares	23,400,000		23,400,000
Ownership Percentage	10.70%		10.70%
Closing share price	$ 24.29		$ 24.29
Economic Gain	$ (20,667)		$ (20,667)
Economic Cost Per Share	$ 26.43		$ 26.43
JC Penney [Member] \| Derivative [Member]
Derivative Instrument That Does Not Qualify For Hedge Accounting [Abstract]
Derivative Number Of Instruments Held	4,815,990		4,815,990
Derivative Maturity Date			Oct. 08, 2022
Derivative Price Risk Option Strike Price	29.01		29.01
Notional Amount Of Price Risk Derivatives	$ 139,723		$ 139,723
Derivative Basis Spread On Variable Rate	0.95%		0.95%
Derivative Gain On Derivative	$ 4,344	(37,537)	$ (53,343)	(27,136)
Payments to fund derivative collateral			$ 31,267
Derivative Amended Date			Oct. 08, 2012
Derivative Earliest Settlement Date			Oct. 08, 2014
Derivative Term			2 years
JC Penney [Member] \| Available-for-sale Securities [Member]
Derivative [Line Items]
Investment Owned Balance Shares	18,584,010		18,584,010
Acquisiton Price Per Share			$ 25.76
Investment Owned, at Cost	$ 478,677		$ 478,677
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax	18,213	$ (144,212)	(201,967)	$ (102,920)
Investment Owned At Fair Value	$ 451,406		$ 451,406

Marketable Securities and Derivative Instruments: Marketable Securities (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Schedule of Available-for-sale Securities [Line Items]
Marketable Securities, Total	$ 485,001		$ 741,321
Available For Sale Securities Amortized Cost	605,442		659,595
Aggregate unrealized gain (loss)	(120,441)		81,726
Available-for-sale Securities, Gross Realized Gain (Loss), Disclosures [Abstract]
Available For Sale Securities Gross Realized Gains Losses Sale Proceeds	58,460	$ 19,301
Available-for-sale Securities, Gross Realized Gain (Loss)	3,582	$ 2,139
JC Penney [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Equity Securities	451,406		653,228
Available-for-sale Equity Securities, Amortized Cost Basis	591,214		591,069
Aggregate unrealized gain (loss)	(139,808)		62,159
Other Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Equity Securities	33,595		30,568
Available-for-sale Equity Securities, Amortized Cost Basis	14,228		14,585
Aggregate unrealized gain (loss)	19,367		15,983
Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Debt Securities	0		57,525
Available-for-sale Debt Securities, Amortized Cost Basis	0		53,941
Aggregate unrealized gain (loss)	$ 0		$ 3,584
Available-for-sale Securities, Debt Maturity, Date Range, Low			04/13
Available-for-sale Securities, Debt Maturity, Date Range, High			10/18

Investments in Partially Owned Entities (Details)		1 Months Ended	3 Months Ended						9 Months Ended						12 Months Ended
Investments in Partially Owned Entities (Details)	Oct. 21, 2012 USD ($)	Oct. 31, 2012 USD ($) shares	Sep. 30, 2012 USD ($) $ / shares shares	Jul. 28, 2012 USD ($)	Jun. 30, 2012 USD ($)	Sep. 30, 2011 USD ($)	Jul. 30, 2011 USD ($)	Jun. 30, 2011 USD ($)	Sep. 30, 2012 USD ($) $ / shares shares	Jul. 28, 2012 USD ($)	Jun. 30, 2012 USD ($)	Sep. 30, 2011 USD ($)	Jul. 30, 2011 USD ($)	Jun. 30, 2011 USD ($)	Dec. 31, 2008 USD ($)	Dec. 31, 2011 USD ($)	Oct. 29, 2011 USD ($)	Oct. 31, 2008 shares
Equity Method Investments And Income From Equity Method Investments [Abstract]
Income (Loss) from Equity Method Investments, Total			$ 12,683,000			$ 3,836,000			$ 142,187,000			$ 135,829,000
Other Financial Data For Equity Method Investments [Abstract]
Disposal group including discontinued operation sales price of real estate												1,500,000,000
Toys R Us [Member]
Condensed Financial Information For Equity Method Investments [Abstract]
Assets				$ 11,680,000,000						$ 11,680,000,000							$ 13,221,000,000
Liabilities				9,836,000,000						9,836,000,000							11,530,000,000
Noncontrolling interests				39,000,000						39,000,000							0
Equity				1,805,000,000						1,805,000,000							$ 1,691,000,000
Total revenue				2,552,000,000			$ 2,648,000,000			11,089,000,000			$ 11,256,000,000
Net (loss) income attributable to investee				$ (34,000,000)			$ (36,000,000)			$ 249,000,000			$ 227,000,000
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			32.50%						32.50%							32.70%
Carrying amount of investments in partially owned entitiies			$ 549,421,000						$ 549,421,000							$ 506,809,000
Equity in net income, before income taxes			(22,074,000)			(26,773,000)			99,649,000			104,049,000
Income tax expense			11,118,000			15,135,000			(17,982,000)			(29,914,000)
Equity in net income			(10,956,000)			(11,638,000)			81,667,000			74,135,000
Management, leasing and development fees			2,371,000			2,334,000			7,029,000			6,659,000
Income (Loss) from Equity Method Investments, Total			$ (8,585,000)			(9,304,000)			$ 88,696,000			80,794,000
Other Financial Data For Equity Method Investments [Abstract]
Minimum Percentage of Annual Income Earned in Fourth Quarter			80.00%						80.00%
Alexander's Inc. [Member]
Condensed Financial Information For Equity Method Investments [Abstract]
Assets			$ 1,765,000,000						$ 1,765,000,000							1,771,000,000
Liabilities			1,401,000,000						1,401,000,000							1,408,000,000
Noncontrolling interests			5,000,000						5,000,000							4,000,000
Equity			359,000,000						359,000,000							359,000,000
Total revenue			49,000,000			47,000,000			143,000,000			139,000,000
Net (loss) income attributable to investee			$ 19,000,000			20,000,000			$ 57,000,000			59,000,000
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			32.40%						32.40%
Carrying amount of investments in partially owned entitiies			$ 186,714,000						$ 186,714,000							$ 189,775,000
Equity in net income			7,137,000			6,437,000			19,210,000			18,507,000
Management, leasing and development fees			1,821,000			1,758,000			5,617,000			5,545,000
Income (Loss) from Equity Method Investments, Total			$ 8,958,000			8,195,000			$ 24,827,000			24,052,000
Other Financial Data For Equity Method Investments [Abstract]
Number of shares owned \| shares			1,654,068						1,654,068
Closing share price \| $ / shares			$ 427.49						$ 427.49
Equity Method Investment Market Value			$ 707,098,000						$ 707,098,000
Excess of investee's carrying amount over equity in net assets			57,292,000						57,292,000
Fees owed by related party under management agreements			39,794,000						39,794,000
Equity Method Investment Fair Value In Excess Of Carrying Amount			$ 520,384,000						$ 520,384,000
Alexander's Inc. [Member] \| Subsequent Event [Member] \| Kings Plaza Regional Shopping Center [Member]
Other Financial Data For Equity Method Investments [Abstract]
Disposal group including discontinued operation sales price of real estate	$ 751,000,000
Discontinued Operation Anticipated Gain Loss On Disposal Of Discontinued Operation Net Of Tax	181,000,000
Special Dividend Income	$ 202,000,000
Lexington Realty Trust [Member]
Condensed Financial Information For Equity Method Investments [Abstract]
Assets					$ 3,017,000,000	3,164,000,000					$ 3,017,000,000	3,164,000,000
Liabilities					1,937,000,000	1,888,000,000					1,937,000,000	1,888,000,000
Noncontrolling interests					28,000,000	59,000,000					28,000,000	59,000,000
Equity					1,052,000,000	1,217,000,000					1,052,000,000	1,217,000,000
Total revenue					84,000,000			$ 78,000,000			250,000,000			$ 238,000,000
Net (loss) income attributable to investee					5,000,000			(44,000,000)			22,000,000			(49,000,000)
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			11.80%						11.80%							12.00%
Carrying amount of investments in partially owned entitiies			$ 50,271,000						$ 50,271,000							$ 57,402,000
Equity in net income			(323,000)			(617,000)			371,000			449,000
Gain on stock issuance			0			0			0			9,760,000
Income (Loss) from Equity Method Investments, Total			$ (323,000)			(617,000)			$ 371,000			10,209,000
Other Financial Data For Equity Method Investments [Abstract]
Number of shares owned \| shares			18,468,969						18,468,969
Closing share price \| $ / shares			$ 9.66						$ 9.66
Equity Method Investment Market Value			$ 178,410,000						$ 178,410,000
Excess of investee's carrying amount over equity in net assets			45,445,000						45,445,000
Equity Method Investment Fair Value In Excess Of Carrying Amount			$ 128,139,000						$ 128,139,000
Non-cash impairment charges															$ 107,882,000
Equity Method Investment Acquisition Of Additional Common Shares \| shares																		8,000,000
Lexington Realty Trust [Member] \| Subsequent Event [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage		10.80%
Gain on stock issuance		$ 12,983,000
Other Financial Data For Equity Method Investments [Abstract]
Shares sold in an underwritten public offering \| shares		15,000,000
Public offering price per share		$ 9.45
LNR [Member]
Condensed Financial Information For Equity Method Investments [Abstract]
Assets					83,899,000,000	128,536,000,000					83,899,000,000	128,536,000,000
Liabilities					83,087,000,000	127,809,000,000					83,087,000,000	127,809,000,000
Noncontrolling interests					9,000,000	55,000,000					9,000,000	55,000,000
Equity					803,000,000	672,000,000					803,000,000	672,000,000
Total revenue					59,000,000			73,000,000			163,000,000			156,000,000
Net (loss) income attributable to investee					$ 63,000,000			$ 52,000,000			$ 150,000,000			$ 152,000,000
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			26.20%						26.20%
Carrying amount of investments in partially owned entitiies			$ 197,231,000						$ 197,231,000							174,408,000
Equity in net income			16,600,000			13,656,000			39,319,000			24,916,000
Net gains from asset sales and tax settlement gains						0						14,997,000
Income (Loss) from Equity Method Investments, Total			16,600,000			13,656,000			39,319,000			39,913,000
LNR [Member] \| Consolidated CMBS and CDO trusts [Member]
Condensed Financial Information For Equity Method Investments [Abstract]
Assets			83,000,000,000						83,000,000,000
India real estate ventures [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Carrying amount of investments in partially owned entitiies			94,241,000						94,241,000							80,499,000
Income (Loss) from Equity Method Investments, Total			$ 82,000			(690,000)			$ (4,526,000)			(692,000)
India real estate ventures [Member] \| Range Minimum
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			4.00%						4.00%
India real estate ventures [Member] \| Range Maximum
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			36.50%						36.50%
India real estate ventures [Member] \| Tcg Urban Infrastructure Holdings [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			25.00%						25.00%
Partially owned office buildings [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Income (Loss) from Equity Method Investments, Total			$ (306,000)			(6,839,000)			$ (4,282,000)			(13,822,000)
Partially owned office buildings [Member] \| 280 Park Avenue [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			49.50%						49.50%
Carrying amount of investments in partially owned entitiies			$ 190,034,000						$ 190,034,000							184,516,000
Income (Loss) from Equity Method Investments, Total			(1,717,000)			(6,461,000)			(9,267,000)			(8,645,000)
Partially owned office buildings [Member] \| Rosslyn Plaza [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Carrying amount of investments in partially owned entitiies			62,272,000						62,272,000							53,333,000
Income (Loss) from Equity Method Investments, Total			$ (204,000)			(60,000)			$ 99,000			2,160,000
Partially owned office buildings [Member] \| Rosslyn Plaza [Member] \| Range Minimum
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			43.70%						43.70%
Partially owned office buildings [Member] \| Rosslyn Plaza [Member] \| Range Maximum
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			50.40%						50.40%
Partially owned office buildings [Member] \| West 57th Street [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			50.00%						50.00%
Carrying amount of investments in partially owned entitiies			$ 57,920,000						$ 57,920,000							58,529,000
Income (Loss) from Equity Method Investments, Total			$ 167,000			298,000			$ 732,000			634,000
Partially owned office buildings [Member] \| One Park Avenue [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			30.30%						30.30%
Carrying amount of investments in partially owned entitiies			$ 50,275,000						$ 50,275,000							47,568,000
Income (Loss) from Equity Method Investments, Total			$ 256,000			124,000			$ 890,000			(1,347,000)
Partially owned office buildings [Member] \| Fifth Avenue 666 [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			49.50%						49.50%
Carrying amount of investments in partially owned entitiies			$ 34,162,000						$ 34,162,000							23,655,000
Income (Loss) from Equity Method Investments, Total			$ 1,744,000						$ 5,244,000
Partially owned office buildings [Member] \| 330 Madison Avenue [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			25.00%						25.00%
Carrying amount of investments in partially owned entitiies			$ 24,900,000						$ 24,900,000							20,353,000
Income (Loss) from Equity Method Investments, Total			$ 1,224,000			315,000			$ 2,036,000			1,440,000
Partially owned office buildings [Member] \| Washington DC 1101 17th Street [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			55.00%						55.00%
Carrying amount of investments in partially owned entitiies			$ 22,271,000						$ 22,271,000							20,407,000
Income (Loss) from Equity Method Investments, Total			$ 591,000			671,000			$ 1,920,000			2,094,000
Partially owned office buildings [Member] \| Fairfax Square [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			20.00%						20.00%
Carrying amount of investments in partially owned entitiies			$ 5,870,000						$ 5,870,000							6,343,000
Income (Loss) from Equity Method Investments, Total			$ (33,000)			(22,000)			$ (85,000)			7,000
Partially owned office buildings [Member] \| Warner Building [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			55.00%						55.00%
Carrying amount of investments in partially owned entitiies			$ 11,603,000						$ 11,603,000							2,715,000
Equity in net income			(2,839,000)			(2,783,000)			(7,438,000)			(6,308,000)
Straight Line Rent Reserves And Write Off Of Tenant Improvements			0			0			0			(9,022,000)
Income (Loss) from Equity Method Investments, Total			(2,839,000)			(2,783,000)			(7,438,000)			(15,330,000)
Partially owned office buildings [Member] \| Other partially owned office buildings [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Carrying amount of investments in partially owned entitiies			10,042,000						10,042,000							11,547,000
Income (Loss) from Equity Method Investments, Total			505,000			1,079,000			1,587,000			5,165,000
Other equity method investments [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Income (Loss) from Equity Method Investments, Total			$ (3,743,000)			(565,000)			$ (2,218,000)			(4,625,000)
Other equity method investments [Member] \| Verde Realty Operating Partnership [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			8.30%						8.30%
Carrying amount of investments in partially owned entitiies			$ 52,910,000						$ 52,910,000							59,801,000
Income (Loss) from Equity Method Investments, Total			$ (5,388,000)			2,413,000			$ (6,000,000)			1,204,000
Other Financial Data For Equity Method Investments [Abstract]
Units in Operating Partnership converted into common shares \| shares			2,015,151
Common shares issued upon conversion of Operating Partnership units \| shares			2,015,151
Cash received per share			$ 13.85
Aggregate cash received from common shares			27,910,000
Par value of convertible debentures			25,000,000
Impairment loss			$ 4,936,000
Other equity method investments [Member] \| Independence Plaza [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			51.00%						51.00%
Carrying amount of investments in partially owned entitiies			$ 53,545,000						$ 53,545,000							48,511,000
Income (Loss) from Equity Method Investments, Total			$ 1,828,000			1,811,000			$ 5,243,000			1,811,000
Other equity method investments [Member] \| Downtown Crossing Boston [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			50.00%						50.00%
Carrying amount of investments in partially owned entitiies			$ 47,605,000						$ 47,605,000							46,691,000
Income (Loss) from Equity Method Investments, Total			$ (38,000)			(408,000)			$ (872,000)			(1,156,000)
Other equity method investments [Member] \| Monmouth Mall [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage			50.00%						50.00%
Carrying amount of investments in partially owned entitiies			$ 7,373,000						$ 7,373,000							7,536,000
Income (Loss) from Equity Method Investments, Total			347,000			631,000			1,007,000			1,588,000
Other equity method investments [Member] \| Other equity investments [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Carrying amount of investments in partially owned entitiies			160,471,000						160,471,000							$ 140,061,000
Income (Loss) from Equity Method Investments, Total			$ (492,000)			$ (5,012,000)			$ (1,596,000)			$ (8,072,000)

Investments in Partially Owned Entities - Debt (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity Method Investment Pro Rata Share Debt Of Partially Owned Entities	$ 25,648,473	$ 37,531,298
Equity Method Investment Prorata Share Debt Of Partially Owned Entities Excluding Our Pro Rata Share Of Liabilities Related To Cmbs And Cdo	$ 4,049,108	$ 4,199,145
Toys R Us [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	32.50%	32.70%
Debt Instrument, Maturity Date Range, Start	2013
Debt Instrument, Maturity Date Range, End	2021
Debt Instrument, Interest Rate at Period End	7.40%
Equity Method Investment Debt Of Partially Owned Entities	$ 5,423,735	$ 6,047,521
Alexander's Inc. [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	32.40%
Debt Instrument, Maturity Date Range, Start	2013
Debt Instrument, Maturity Date Range, End	2018
Debt Instrument, Interest Rate at Period End	3.50%
Equity Method Investment Debt Of Partially Owned Entities	$ 1,319,776	$ 1,330,932
Lexington Realty Trust [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	11.80%	12.00%
Debt Instrument, Maturity Date Range, Start	2012
Debt Instrument, Maturity Date Range, End	2037
Debt Instrument, Interest Rate at Period End	5.45%
Equity Method Investment Debt Of Partially Owned Entities	$ 1,739,466	$ 1,712,750
LNR [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	26.20%
Equity Method Investment Debt Of Partially Owned Entities	$ 82,989,102	127,701,840
LNR [Member] \| Liabilities Of Consolidated Cmbs And Cdo Trusts [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Debt Instrument, Interest Rate at Period End	5.32%
Equity Method Investment Debt Of Partially Owned Entities	$ 82,522,220	127,348,336
LNR [Member] \| Mortgage notes payable [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Debt Instrument, Maturity Date Range, Start	2013
Debt Instrument, Maturity Date Range, End	2031
Debt Instrument, Interest Rate at Period End	3.89%
Equity Method Investment Debt Of Partially Owned Entities	$ 466,882	353,504
Partially owned office buildings [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity Method Investment Debt Of Partially Owned Entities	$ 2,682,112	2,686,010
Partially owned office buildings [Member] \| Fifth Avenue 666 [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	49.50%
Debt Instrument Maturity Date (String)	02/19
Debt Instrument, Interest Rate at Period End	6.76%
Equity Method Investment Debt Of Partially Owned Entities	$ 1,090,592	1,035,884
Partially owned office buildings [Member] \| 280 Park Avenue [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	49.50%
Debt Instrument Maturity Date (String)	06/16
Debt Instrument, Interest Rate at Period End	6.65%
Equity Method Investment Debt Of Partially Owned Entities	$ 738,009	737,678
Partially owned office buildings [Member] \| Warner Building [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	55.00%
Debt Instrument Maturity Date (String)	05/16
Debt Instrument, Interest Rate at Period End	6.26%
Equity Method Investment Debt Of Partially Owned Entities	$ 292,700	292,700
Partially owned office buildings [Member] \| One Park Avenue [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	30.30%
Debt Instrument Maturity Date (String)	03/16
Debt Instrument, Interest Rate at Period End	5.00%
Equity Method Investment Debt Of Partially Owned Entities	$ 250,000	250,000
Partially owned office buildings [Member] \| 330 Madison Avenue [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	25.00%
Debt Instrument Maturity Date (String)	06/15
Debt Instrument, Interest Rate at Period End	1.73%
Equity Method Investment Debt Of Partially Owned Entities	$ 150,000	150,000
Partially owned office buildings [Member] \| Fairfax Square [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	20.00%
Debt Instrument Maturity Date (String)	12/14
Debt Instrument, Interest Rate at Period End	7.00%
Equity Method Investment Debt Of Partially Owned Entities	$ 70,344	70,974
Partially owned office buildings [Member] \| Rosslyn Plaza [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity Method Investment Debt Of Partially Owned Entities	$ 0	56,680
Partially owned office buildings [Member] \| Rosslyn Plaza [Member] \| Range Minimum
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	43.70%
Partially owned office buildings [Member] \| Rosslyn Plaza [Member] \| Range Maximum
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	50.40%
Partially owned office buildings [Member] \| West 57th Street [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	50.00%
Debt Instrument Maturity Date (String)	02/14
Debt Instrument, Interest Rate at Period End	4.94%
Equity Method Investment Debt Of Partially Owned Entities	$ 20,628	21,864
Partially owned office buildings [Member] \| Other partially owned office buildings [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Debt Instrument, Interest Rate at Period End	6.38%
Equity Method Investment Debt Of Partially Owned Entities	$ 69,839	70,230
India real estate ventures [Member] \| Range Minimum
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	4.00%
India real estate ventures [Member] \| Range Maximum
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	36.50%
India real estate ventures [Member] \| Tcg Urban Infrastructure Holdings [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	25.00%
Debt Instrument, Maturity Date Range, Start	2012
Debt Instrument, Maturity Date Range, End	2022
Debt Instrument, Interest Rate at Period End	13.13%
Equity Method Investment Debt Of Partially Owned Entities	$ 241,208	226,534
Other equity method investments [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity Method Investment Debt Of Partially Owned Entities	$ 1,657,882	1,495,403
Other equity method investments [Member] \| Verde Realty Operating Partnership [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	8.30%
Debt Instrument, Maturity Date Range, Start	2013
Debt Instrument, Maturity Date Range, End	2025
Debt Instrument, Interest Rate at Period End	5.52%
Equity Method Investment Debt Of Partially Owned Entities	$ 503,211	340,378
Other equity method investments [Member] \| Monmouth Mall [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	50.00%
Debt Instrument Maturity Date (String)	09/15
Debt Instrument, Interest Rate at Period End	5.44%
Equity Method Investment Debt Of Partially Owned Entities	$ 160,662	162,153
Other equity method investments [Member] \| Other Equity Method Investments Other [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Debt Instrument, Interest Rate at Period End	4.93%
Equity Method Investment Debt Of Partially Owned Entities	$ 994,009	$ 992,872

Discontinued Operations (Details) sqft in Thousands, $ in Thousands							3 Months Ended		9 Months Ended
	Oct. 26, 2012 USD ($) sqft Properties	Oct. 21, 2012 USD ($)	Jul. 26, 2012 USD ($) sqft	Jul. 05, 2012 USD ($)	Jun. 22, 2012 USD ($) sqft	Jan. 06, 2012 USD ($) sqft	Sep. 30, 2012 USD ($)	Sep. 30, 2011 USD ($)	Sep. 30, 2012 USD ($) Properties	Sep. 30, 2011 USD ($) Properties	Dec. 31, 2011 USD ($)
Disposal Group Including Discontinued Operation Additional Disclosures Abstract
Disposal group including discontinued operation sales price of real estate										$ 1,500,000
Seller Financing Related To Property Sales									$ 35,000	0
Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract]
Total revenues							$ 27,651	$ 49,656	112,585	160,747
Total expenses							21,082	41,212	81,508	130,571
Income from discontinued operations before gain on sale of real estate							6,569	8,444	31,077	30,176
Net gain on sales of real estate							131,088	0	203,801	51,623
Gain (Loss) on Disposition of Intangible Assets									31,105	0
Impairment losses							0		13,511
Net gain on extinguishment of debt										83,907
Income (Loss) from Discontinued Operations							157,314	8,444	241,024	165,706
Disposal Group Including Discontinued Operation Unclassified Balance Sheet Disclosures Abstract
Assets related to discontinued operations							537,938		537,938		$ 1,049,153
Liabilities related to discontinued operations							478,980		$ 478,980		518,319
Three Non Core Strip Shopping Centers And Two Washington Dc Office Buildings [Member]
Disposal Group Including Discontinued Operation Additional Disclosures Abstract
Cash proceeds from the sale of real estate										168,000
Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract]
Net gain on sales of real estate										51,623
Merchandise Mart Segment [Member]
Disposal Group Including Discontinued Operation Additional Disclosures Abstract
Number of real estate properties sold or agreed to sell \| Properties									5
Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract]
Income (Loss) from Discontinued Operations							19,792	483	$ 67,291	$ 88,365
Disposal Group Including Discontinued Operation Unclassified Balance Sheet Disclosures Abstract
Assets related to discontinued operations							66,032		66,032		376,571
Liabilities related to discontinued operations							66,747		66,747		74,236
Merchandise Mart Segment [Member] \| West Mart 350 [Member]
Disposal Group Including Discontinued Operation Additional Disclosures Abstract
Cash proceeds from the sale of real estate						$ 228,000
Square footage of real estate property sold \| sqft						1,200
Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract]
Net gain on sales of real estate						$ 54,911
Merchandise Mart Segment [Member] \| LA Mart [Member]
Disposal Group Including Discontinued Operation Additional Disclosures Abstract
Gross proceeds from the sale of real estate					$ 53,000
Cash proceeds from the sale of real estate					$ 18,000
Square footage of real estate property sold \| sqft					784
Seller financing rate					6.00%
Seller Financing Related To Property Sales					$ 35,000
Merchandise Mart Segment [Member] \| Washington Design Center, Boston Design Center, and Canadian Trade Shows [Member]
Disposal Group Including Discontinued Operation Additional Disclosures Abstract
Anticipated cash proceeds from real estate agreed to sell				$ 175,000
Merchandise Mart Segment [Member] \| Boston Design Center \| Subsequent Event [Member]
Disposal Group Including Discontinued Operation Additional Disclosures Abstract
Anticipated net gain on sales of real estate									5,300
Merchandise Mart Segment [Member] \| Canadian Trade Shows [Member]
Disposal Group Including Discontinued Operation Additional Disclosures Abstract
Income tax on gain on sale							11,448		11,448
Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract]
Gain (Loss) on Disposition of Intangible Assets							19,657		$ 19,657
Washington DC Segment [Member]
Disposal Group Including Discontinued Operation Additional Disclosures Abstract
Number of real estate properties sold \| Properties										2
Number of real estate properties sold or agreed to sell \| Properties									1
Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract]
Income (Loss) from Discontinued Operations							126,437	1,622	$ 130,979	$ 51,274
Disposal Group Including Discontinued Operation Unclassified Balance Sheet Disclosures Abstract
Assets related to discontinued operations							86,933	152,568	86,933	152,568
Liabilities related to discontinued operations							93,000	93,000	93,000	93,000
Washington DC Segment [Member] \| 409 Third Street SW [Member]
Disposal Group Including Discontinued Operation Additional Disclosures Abstract
Cash proceeds from the sale of real estate			$ 200,000
Square footage of real estate property sold \| sqft			409
Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract]
Net gain on sales of real estate			$ 126,621
Washington DC Segment [Member] \| Three Washington, DC office buildings [Member] \| Subsequent Event [Member]
Disposal Group Including Discontinued Operation Additional Disclosures Abstract
Number of real estate properties agreed to sell \| Properties	3
Anticipated cash proceeds from real estate agreed to sell	$ 126,000
Square footage of real estate properties agreed to sell \| sqft	494
Anticipated net gain on sales of real estate	$ 35,000
Retail Properties Segment [Member]
Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract]
Income (Loss) from Discontinued Operations							11,085	$ 6,272	36,404	$ 26,010
Disposal Group Including Discontinued Operation Unclassified Balance Sheet Disclosures Abstract
Assets related to discontinued operations							384,973		384,973		520,014
Liabilities related to discontinued operations							319,233		$ 319,233		$ 351,083
Retail Properties Segment [Member] \| Retail Segment Strip Shopping Centers [Member]
Disposal Group Including Discontinued Operation Additional Disclosures Abstract
Number of real estate properties sold \| Properties									12	3
Number of real estate properties sold or agreed to sell \| Properties									13
Cash proceeds from the sale of real estate									$ 157,000
Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract]
Net gain on sales of real estate							$ 4,464		22,266
Retail Properties Segment [Member] \| Retail Segment Strip Shopping Centers [Member] \| Strip Shopping Center In Philadelphia [Member] \| Subsequent Event [Member]
Disposal Group Including Discontinued Operation Additional Disclosures Abstract
Anticipated cash proceeds from real estate agreed to sell									60,000
Anticipated net gain on sales of real estate									$ 35,000
Retail Properties Segment [Member] \| Retail Segment Regional Malls [Member] \| Green Acres Mall [Member]
Disposal Group Including Discontinued Operation Additional Disclosures Abstract
Number of real estate properties sold or agreed to sell \| Properties									1
Retail Properties Segment [Member] \| Retail Segment Regional Malls [Member] \| Green Acres Mall [Member] \| Subsequent Event [Member]
Disposal Group Including Discontinued Operation Additional Disclosures Abstract
Disposal group including discontinued operation sales price of real estate		$ 500,000
Anticipated cash proceeds from real estate agreed to sell		185,000
Anticipated net gain on sales of real estate		195,000
Anticipated tax gain on sale of real estate		$ 304,000

Mezzanine Loans Receivable (Details) - USD ($) $ in Thousands		9 Months Ended
	Oct. 19, 2012	Sep. 30, 2012	Dec. 31, 2011
Notes receivable, net		$ 131,585	$ 133,948
Mezzanine Loan Receivable - Weighted Average Interest Rate		9.53%
Mezzanine Loans Receiveable - Maturity Start Date		August 2014
Mezzanine Loans Receiveable - Maturity End Date		May 2016
NY 701 Seventh Avenue [Member] \| Subsequent Event [Member]
Mezzanine Loans Receivable - Carrying Amount	$ 375,000
Notes Receivable Gross Including Future Commitments	$ 475,000
Mezzanine Loan Ownership Percentage	25.00%
Loans and Leases Receivable, Commitments, Variable Rates	$ 100,000
Loans Receivable, Basis Spread on Variable Rate	10.20%
LIBOR Floor	1.00%
Loans Receivable, Description of Variable Rate Basis	LIBOR
NY 701 Seventh Avenue [Member] \| Subsequent Event [Member] \| Vornado Realty Trust [Member]
Mezzanine Loans Receivable - Carrying Amount	$ 93,750
Loans and Leases Receivable, Commitments, Variable Rates	$ 25,000

Identified Intangible Assets and Intangible Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Finite Lived Intangible Assets [Line Items]
Identified intangible assets (included in other assets): Gross	$ 615,199		$ 615,199		$ 642,471
Identified intangible assets (included in other assets): Accumulated amortization	(362,516)		(362,516)		(347,039)
Finite-Lived Intangible Assets, Net, Total	252,683		252,683		295,432
Identified intangible liabilities (included in deferred credit): Gross	816,774		816,774		830,411
Identified intangible liabilities (included in deferred credit): Accumulated amortization	(398,262)		(398,262)		(367,525)
Identified intangible liabilities (included in deferred credit): Net	418,512		418,512		$ 462,886
Below Market Leases Net Of Above Market Leases [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	13,242	$ 15,847	39,228	$ 48,681
Future Amortization Expense, Year One			42,023
Future Amortization Expense, Year Two			36,603
Future Amortization Expense, Year Three			33,816
Future Amortization Expense, Year Four			31,333
Future Amortization Expense, Year Five			25,841
Other Identified Intangible Assets [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	11,940	15,397	38,361	42,090
Future Amortization Expense, Year One			40,739
Future Amortization Expense, Year Two			22,450
Future Amortization Expense, Year Three			17,244
Future Amortization Expense, Year Four			14,714
Future Amortization Expense, Year Five			11,853
Tenant Under Ground Leases [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 408	$ 344	1,182	$ 1,033
Future Amortization Expense, Year One			1,472
Future Amortization Expense, Year Two			1,457
Future Amortization Expense, Year Three			1,457
Future Amortization Expense, Year Four			1,457
Future Amortization Expense, Year Five			$ 1,457

Debt (Details) - USD ($) $ in Thousands		1 Months Ended	9 Months Ended
Debt (Details) - USD ($) $ in Thousands	Mar. 05, 2012	Aug. 17, 2012	Sep. 30, 2012	Dec. 31, 2011
Notes and mortgages payable			$ 7,852,657	$ 8,065,576
Senior unsecured notes			1,357,921	1,357,661
Exchangeable senior debentures			0	497,898
Convertible senior debentures			0	10,168
Revolving credit facility debt			$ 600,000	138,000
Notes And Mortgages Payable Fixed Rate [Member]
Interest Rate, End of Period			5.40%
Notes and mortgages payable			$ 6,231,418	6,321,628
Notes And Mortgages Payable Fixed Rate [Member] \| New York 350 Park Avenue [Member]
Debt Instrument Maturity			01/17
Interest Rate, End of Period			3.75%
Notes and mortgages payable			$ 300,000	430,000
Notes And Mortgages Payable Fixed Rate [Member] \| New York Two Penn Plaza [Member]
Debt Instrument Maturity			03/18
Interest Rate, End of Period			5.13%
Notes and mortgages payable			$ 425,000	425,000
Notes And Mortgages Payable Fixed Rate [Member] \| New York 1290 Avenue Of Americas [Member]
Debt Instrument Maturity			01/13
Interest Rate, End of Period			5.97%
Notes and mortgages payable			$ 410,021	413,111
Notes And Mortgages Payable Fixed Rate [Member] \| New York 770 Broadway [Member]
Debt Instrument Maturity			03/16
Interest Rate, End of Period			5.65%
Notes and mortgages payable			$ 353,000	353,000
Notes And Mortgages Payable Fixed Rate [Member] \| New York 888 Seventh Avenue [Member]
Debt Instrument Maturity			01/16
Interest Rate, End of Period			5.71%
Notes and mortgages payable			$ 318,554	318,554
Notes And Mortgages Payable Fixed Rate [Member] \| New York 909 Third Avenue [Member]
Debt Instrument Maturity			04/15
Interest Rate, End of Period			5.64%
Notes and mortgages payable			$ 200,241	203,217
Notes And Mortgages Payable Fixed Rate [Member] \| New York 828-850 Madison Avenue Condominium Retail [Member]
Debt Instrument Maturity			06/18
Interest Rate, End of Period			5.29%
Notes and mortgages payable			$ 80,000	80,000
Notes And Mortgages Payable Fixed Rate [Member] \| New York 510 5th Avenue Retail [Member]
Debt Instrument Maturity			01/16
Interest Rate, End of Period			5.60%
Notes and mortgages payable			$ 31,377	31,732
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC Skyline Properties [Member]
Debt Instrument Maturity			02/17
Interest Rate, End of Period			5.74%
Notes and mortgages payable			$ 694,711	678,000
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC River House Apartments [Member]
Debt Instrument Maturity			04/15
Interest Rate, End of Period			5.43%
Notes and mortgages payable			$ 195,546	195,546
Notes And Mortgages Payable Fixed Rate [Member] \| Washington Dc 2121 Crystal Drive [Member]
Debt Instrument Maturity			03/23
Interest Rate, End of Period			5.51%
Notes and mortgages payable			$ 150,000	150,000
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC Bowen Building [Member]
Debt Instrument Maturity			06/16
Interest Rate, End of Period			6.14%
Notes and mortgages payable			$ 115,022	115,022
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC 1215 Clark Street, 200 12th Street And 251 18th Street [Member]
Debt Instrument Maturity			01/25
Interest Rate, End of Period			7.09%
Notes and mortgages payable			$ 106,628	108,423
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC West End 25 [Member]
Debt Instrument Maturity			06/21
Interest Rate, End of Period			4.88%
Notes and mortgages payable			$ 101,671	101,671
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC Universal Buildings [Member]
Debt Instrument Maturity			04/14
Interest Rate, End of Period			6.49%
Notes and mortgages payable			$ 94,497	98,239
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC 2011 Crystal Drive [Member]
Debt Instrument Maturity			08/17
Interest Rate, End of Period			7.30%
Notes and mortgages payable			$ 79,865	80,486
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC 1550 And 1750 Crystal Drive [Member]
Debt Instrument Maturity			11/14
Interest Rate, End of Period			7.08%
Notes and mortgages payable			$ 74,765	76,624
Notes And Mortgages Payable Fixed Rate [Member] \| Washington Dc 220 20th Street [Member]
Debt Instrument Maturity			02/18
Interest Rate, End of Period			4.61%
Notes and mortgages payable			$ 74,246	75,037
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC 1235 Clark Street [Member]
Notes and mortgages payable			$ 0	51,309
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC 2231 Crystal Drive [Member]
Debt Instrument Maturity			08/13
Interest Rate, End of Period			7.08%
Notes and mortgages payable			$ 42,160	43,819
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC 1225 Clark Street [Member]
Debt Instrument Maturity			08/13
Interest Rate, End of Period			7.08%
Notes and mortgages payable			$ 25,219	26,211
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC 1750 Pennsylvania Avenue [Member]
Notes and mortgages payable			$ 0	44,330
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC 2101 L Street [Member]
Debt Instrument Maturity			08/24
Interest Rate, End of Period			3.97%
Notes and mortgages payable			$ 150,000	0
Notes And Mortgages Payable Fixed Rate [Member] \| Retail Cross Collateralized Mortgages On 40 Strip Shopping Centers [Member]
Debt Instrument Maturity			09/20
Interest Rate, End of Period			4.23%
Notes and mortgages payable			$ 576,281	585,398
Notes And Mortgages Payable Fixed Rate [Member] \| Retail Montehiedra Town Center [Member]
Debt Instrument Maturity			07/16
Interest Rate, End of Period			6.04%
Notes and mortgages payable			$ 120,000	120,000
Notes And Mortgages Payable Fixed Rate [Member] \| Retail Broadway Mall [Member]
Debt Instrument Maturity			07/13
Interest Rate, End of Period			5.30%
Notes and mortgages payable			$ 85,840	87,750
Notes And Mortgages Payable Fixed Rate [Member] \| Retail North Bergen Tonnelle Avenue [Member]
Debt Instrument Maturity			01/18
Interest Rate, End of Period			4.59%
Notes and mortgages payable			$ 75,000	75,000
Notes And Mortgages Payable Fixed Rate [Member] \| Retail Las Catalinas Mall [Member]
Debt Instrument Maturity			11/13
Interest Rate, End of Period			6.97%
Notes and mortgages payable			$ 54,719	55,912
Notes And Mortgages Payable Fixed Rate [Member] \| Retail Other [Member]
Maturity, Range, Start			06/14
Maturity, Range, End			05/36
Interest Rate, Range, Minimum			5.12%
Interest Rate, Range, Maximum			7.30%
Notes and mortgages payable			$ 87,055	88,237
Notes And Mortgages Payable Fixed Rate [Member] \| Merchandise Mart Merchandise Mart [Member]
Debt Instrument Maturity			12/16
Interest Rate, End of Period			5.57%
Notes and mortgages payable			$ 550,000	550,000
Notes And Mortgages Payable Fixed Rate [Member] \| Other 555 California Street [Member]
Debt Instrument Maturity			09/21
Interest Rate, End of Period			5.10%
Notes and mortgages payable			$ 600,000	600,000
Notes And Mortgages Payable Fixed Rate [Member] \| Other Borgata Land [Member]
Debt Instrument Maturity			02/21
Interest Rate, End of Period			5.14%
Notes and mortgages payable			$ 60,000	60,000
Notes And Mortgages Payable Variable Rate [Member]
Interest Rate, End of Period			2.50%
Notes and mortgages payable			$ 1,621,239	1,743,948
Notes And Mortgages Payable Variable Rate [Member] \| New York Eleven Penn Plaza [Member]
Debt Instrument Maturity			01/19
Spread Over LIBOR			2.35%
Debt Instrument, Description of Variable Rate Basis			LIBOR
Interest Rate, End of Period			2.58%
Notes and mortgages payable			$ 330,000	330,000
Notes And Mortgages Payable Variable Rate [Member] \| New York 100 West 33rd Street - Office & Retail [Member]
Debt Instrument Maturity			03/17
Spread Over LIBOR	2.50%		2.50%
Debt Instrument, Description of Variable Rate Basis	LIBOR		LIBOR
Interest Rate, End of Period			2.73%
Notes and mortgages payable			$ 325,000	232,000
Notes And Mortgages Payable Variable Rate [Member] \| New York 4 Union Square South - Retail [Member]
Debt Instrument Maturity			04/14
Spread Over LIBOR			3.25%
Debt Instrument, Description of Variable Rate Basis			LIBOR
Interest Rate, End of Period			3.48%
Notes and mortgages payable			$ 75,000	75,000
Notes And Mortgages Payable Variable Rate [Member] \| New York 435 Seventh Avenue [Member]
Debt Instrument Maturity			08/19
Spread Over LIBOR		2.25%	2.25%
Debt Instrument, Description of Variable Rate Basis		LIBOR	LIBOR
Interest Rate, End of Period			2.47%
Notes and mortgages payable			$ 98,000	51,353
Notes And Mortgages Payable Variable Rate [Member] \| New York 866 UN Plaza [Member]
Debt Instrument Maturity			05/16
Spread Over LIBOR			1.25%
Debt Instrument, Description of Variable Rate Basis			LIBOR
Interest Rate, End of Period			1.48%
Notes and mortgages payable			$ 44,978	44,978
Notes And Mortgages Payable Variable Rate [Member] \| Washington DC River House Apartments [Member]
Debt Instrument Maturity			04/18
Spread Over LIBOR			1.53%
Debt Instrument, Description of Variable Rate Basis			Freddie Mac
Interest Rate, End of Period			1.63%
Notes and mortgages payable			$ 64,000	64,000
Notes And Mortgages Payable Variable Rate [Member] \| Washington DC 2101 L Street [Member]
Notes and mortgages payable			$ 0	150,000
Notes And Mortgages Payable Variable Rate [Member] \| Washington DC 2200/2300 Clarendon Boulevard [Member]
Debt Instrument Maturity			01/15
Spread Over LIBOR			0.75%
Debt Instrument, Description of Variable Rate Basis			LIBOR
Interest Rate, End of Period			0.98%
Notes and mortgages payable			$ 48,859	53,344
Notes And Mortgages Payable Variable Rate [Member] \| Washington DC 1730 M And 1150 17th Street [Member]
Debt Instrument Maturity			06/14
Spread Over LIBOR			1.40%
Debt Instrument, Description of Variable Rate Basis			LIBOR
Interest Rate, End of Period			1.62%
Notes and mortgages payable			$ 43,581	43,581
Notes And Mortgages Payable Variable Rate [Member] \| Retail Cross Collateralized Mortgages On 40 Strip Shopping Centers [Member]
Debt Instrument Maturity			09/20
Spread Over LIBOR			1.36%
Debt Instrument, Description of Variable Rate Basis			LIBOR
Interest Rate, End of Period			2.36%
Notes and mortgages payable			$ 60,000	60,000
Notes And Mortgages Payable Variable Rate [Member] \| Retail Other [Member]
Debt Instrument Maturity			11/12
Spread Over LIBOR			3.75%
Debt Instrument, Description of Variable Rate Basis			LIBOR
Interest Rate, End of Period			3.98%
Notes and mortgages payable			$ 19,427	19,876
Notes And Mortgages Payable Variable Rate [Member] \| Retail Bergen Town Center [Member]
Debt Instrument Maturity			03/13
Spread Over LIBOR			1.50%
Debt Instrument, Description of Variable Rate Basis			LIBOR
Interest Rate, End of Period			1.73%
Notes and mortgages payable			$ 282,312	283,590
Notes And Mortgages Payable Variable Rate [Member] \| Retail San Jose Strip Centre [Member]
Debt Instrument Maturity			03/13
Spread Over LIBOR			4.00%
Debt Instrument, Description of Variable Rate Basis			LIBOR
Interest Rate, End of Period			4.25%
Notes and mortgages payable			$ 106,332	112,476
Notes And Mortgages Payable Variable Rate [Member] \| Retail Beverly Connection [Member]
Notes and mortgages payable			$ 0	100,000
Notes And Mortgages Payable Variable Rate [Member] \| Other 220 Central Park South [Member]
Debt Instrument Maturity			10/13
Spread Over LIBOR			2.75%
Debt Instrument, Description of Variable Rate Basis			LIBOR
Interest Rate, End of Period			2.97%
Notes and mortgages payable			$ 123,750	123,750
Total Notes And Mortgages Payable [Member]
Interest Rate, End of Period			4.80%
Senior Unsecured Notes [Member]
Interest Rate, End of Period			5.70%
Senior Unsecured Notes [Member] \| Senior Unsecured Notes Due 2015 [Member]
Debt Instrument Maturity			04/15
Interest Rate, End of Period			4.25%
Senior unsecured notes			$ 499,586	499,462
Senior Unsecured Notes [Member] \| Senior Unsecured Notes Due 2039 [Member]
Debt Instrument Maturity			10/39
Interest Rate, End of Period			7.88%
Senior unsecured notes			$ 460,000	460,000
Senior Unsecured Notes [Member] \| Senior Unsecured Notes Due 2022 [Member]
Debt Instrument Maturity			01/22
Interest Rate, End of Period			5.00%
Senior unsecured notes			$ 398,335	398,199
Exchangeable Senior Debentures [Member] \| Exchangeable Senior Debenture 3.88% [Member]
Interest Rate, Stated			3.88%
Convertible Senior Debentures [Member] \| Convertible Senior Debenture 2.85% [Member]
Interest Rate, Stated			2.85%
Unsecured Revolving Credit Facilities [Member]
Interest Rate, End of Period			1.43%
Unsecured Revolving Credit Facilities [Member] \| Unsecured Revolving Credit Facility $1.25 Billion Maturing 11/16 [Member]
Debt Instrument Maturity			11/16
Spread Over LIBOR			1.25%
Debt Instrument, Description of Variable Rate Basis			LIBOR
Interest Rate, End of Period			1.43%
Revolving credit facility debt			$ 600,000	138,000
Line of Credit Facility, Maximum Borrowing Capacity			$ 1,250,000
Unsecured Revolving Credit Facilities [Member] \| Unsecured Revolving Credit Facility $1.25 Billion Maturing 06/16 [Member]
Debt Instrument Maturity			06/16
Spread Over LIBOR			1.35%
Debt Instrument, Description of Variable Rate Basis			LIBOR
Revolving credit facility debt			$ 0	$ 0
Line of Credit Facility, Maximum Borrowing Capacity			1,250,000
Unsecured Revolving Credit Facility Reserved For Outstanding Letters Of Credit			$ 22,576

Debt (Parentheticals) (Details) $ in Thousands				1 Months Ended		3 Months Ended		9 Months Ended
Debt (Parentheticals) (Details) $ in Thousands	Jul. 26, 2012 USD ($)	Mar. 05, 2012 USD ($) Extensions	Jan. 09, 2012 USD ($)	Aug. 17, 2012 USD ($)	Apr. 30, 2012 USD ($)	Jun. 30, 2012 USD ($)	Mar. 31, 2012	Sep. 30, 2012 USD ($)	Sep. 30, 2011 USD ($)
Repayments of borrowings								$ 2,070,295	$ 2,666,610
Notes And Mortgages Payable Fixed Rate [Member]
Interest Rate, End of Period								5.40%
Notes And Mortgages Payable Fixed Rate [Member] \| New York 350 Park Avenue [Member]
Interest Rate, End of Period								3.75%
Notes And Loans Payable Refinanced Amount			$ 300,000
Debt Amortization Period			30 years
Debt Term			5 years
Repayments of borrowings			$ 132,000
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC Skyline Properties [Member]
Interest Rate, End of Period								5.74%
Vacancy Rate							26.00%
Payments for Leasing Costs, Commissions, and Tenant Improvements						$ 4,000
Interest Payments Deferred								$ 16,711
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC 2101 L Street [Member]
Interest Rate, End of Period								3.97%
Notes And Loans Payable Refinanced Amount	$ 150,000
Debt Amortization Period	30 years
Debt Term	12 years
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC River House Apartments [Member]
Interest Rate, End of Period								5.43%
Notes And Mortgages Payable Fixed Rate [Member] \| Retail Cross Collateralized Mortgages On 40 Strip Shopping Centers [Member]
Interest Rate, End of Period								4.23%
Notes And Mortgages Payable Variable Rate [Member]
Interest Rate, End of Period								2.50%
Notes And Mortgages Payable Variable Rate [Member] \| New York 100 West 33rd Street - Office & Retail [Member]
Interest Rate, End of Period								2.73%
Notes And Loans Payable Refinanced Amount		$ 325,000
Debt Term		3 years
Number Of Extensions Available \| Extensions		2
Length Of Extension Available In Years		1 year
Spread Over LIBOR		2.50%						2.50%
Debt Instrument, Description of Variable Rate Basis		LIBOR						LIBOR
Retained Proceeds From Refinancing		$ 87,000
Notes And Mortgages Payable Variable Rate [Member] \| New York 435 Seventh Avenue - Retail [Member]
Interest Rate, End of Period								2.47%
Notes And Loans Payable Refinanced Amount				$ 98,000
Debt Term				7 years
Spread Over LIBOR				2.25%				2.25%
Debt Instrument, Description of Variable Rate Basis				LIBOR				LIBOR
Retained Proceeds From Refinancing				$ 44,000
Notes And Mortgages Payable Variable Rate [Member] \| Washington DC River House Apartments [Member]
Interest Rate, End of Period								1.63%
Spread Over LIBOR								1.53%
Debt Instrument, Description of Variable Rate Basis								Freddie Mac
Notes And Mortgages Payable Variable Rate [Member] \| Retail Cross Collateralized Mortgages On 40 Strip Shopping Centers [Member]
Interest Rate, End of Period								2.36%
Spread Over LIBOR								1.36%
Debt Instrument, Description of Variable Rate Basis								LIBOR
LIBOR Floor								1.00%
Exchangeable And Convertible Senior Debentures [Member]
Repayments of Convertible Debt					$ 510,215

Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands		9 Months Ended
	Jul. 19, 2012	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Redeemable Noncontrolling Interests Rollforward [Abstract]
Redeemable noncontrolling interests - beginning balance		$ 1,160,677	$ 1,327,974
Net income		40,595	47,364
Distributions		(34,138)	(38,393)
Conversion of Class A redeemable units into common shares, at redemption value		(51,216)	(38,220)
Adjustment to carry Class A redeemable units at redemption value		63,657	(114,628)
Cumulative Redeemable Preferred Units Redemption Amount		(168,300)	(28,000)
Other, net		(15,776)	4,623
Redeemable noncontrolling interests - ending balance		995,499	$ 1,160,720
Redeemable Noncontrolling Interests Additional Disclosure [Abstract]
Fair value of Series G convertible preferred units and Series D-13 cumulative redeemable preferred units		55,097		$ 54,865
Common Class A [Member]
Redeemable Noncontrolling Interests Additional Disclosure [Abstract]
Temporary Equity, Redemption Value		$ 949,499		$ 934,677
Series D10 Cumulative Redeemable Preferred Unit [Member]
Redeemable Noncontrolling Interests Additional Disclosure [Abstract]
Dividend Percentage	7.00%
Series D14 Cumulative Redeemable Preferred Unit [Member]
Redeemable Noncontrolling Interests Additional Disclosure [Abstract]
Dividend Percentage	6.75%
Series D10 And Series D-14 Cumulative Redeemable Preferred Unit [Member]
Redeemable Noncontrolling Interests Additional Disclosure [Abstract]
Face Value Of Redeemable Preferred Units Redeemed	$ 180,000
Payments for Repurchase of Redeemable Noncontrolling Interest	$ 168,300

Shareholders Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	Aug. 16, 2012	Jul. 11, 2012	Sep. 30, 2012	Dec. 31, 2011
Preferred Stock, Additional Disclosure [Abstract]
Preferred shares of beneficial interest: issued shares			51,184,609	42,186,709
Series K Preferred Stock [Member] \| Public Offering [Member] \| Redeemable Preferred Stock [Member]
Preferred Stock, Additional Disclosure [Abstract]
Preferred shares of beneficial interest: issued shares		12,000,000
Preferred Stock, Par or Stated Value Per Share		$ 25.00
Preferred Stock, Redemption Price Per Share		$ 25.00
Proceeds from Issuance of Redeemable Preferred Stock		$ 291,144
Preferred Stock Issued Additional Disclosure		We retained aggregate net proceeds of $291,144,000, after underwriters’ discounts and issuance costs.
Preferred Stock Duration From Issuance To Earliest Redemption Date		5 years
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Dividend Rate, Percentage		5.70%
Series E Preferred Stock [Member] \| Redeemable Preferred Stock [Member]
Preferred Stock, Additional Disclosure [Abstract]
Preferred Stock, Redemption Amount	$ 75,000
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Dividend Rate, Percentage	7.00%

Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Financial Assets And Liabilities Not Measured At Fair Value By Balance Sheet Grouping [Line Items]
Mezzanine loans receivable	$ 131,585	$ 133,948
Total Assets	131,585	133,948
Notes and mortgages payable	7,852,657	8,065,576
Senior unsecured notes	1,357,921	1,357,661
Exchangeable senior debentures	0	497,898
Convertible senior debentures	0	10,168
Revolving credit facility debt	600,000	138,000
Total Debt	9,810,578	10,069,303
Estimate of Fair Value, Fair Value Disclosure [Member]
Financial Assets And Liabilities Not Measured At Fair Value By Balance Sheet Grouping [Line Items]
Mezzanine loans receivable	127,000	129,000
Stock purchase warrant (residential property)	35,000	0
Total Assets	162,000	129,000
Notes and mortgages payable	7,900,000	8,181,000
Senior unsecured notes	1,476,000	1,426,000
Exchangeable senior debentures	0	510,000
Convertible senior debentures	0	10,000
Revolving credit facility debt	600,000	138,000
Total Debt	$ 9,976,000	$ 10,265,000

Incentive Compensation (Details) - USD ($)		3 Months Ended		9 Months Ended
Incentive Compensation (Details) - USD ($)	Mar. 30, 2012	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Share-based Compensation [Abstract]
Share Based Compensation		$ 7,774,000	$ 7,320,000	$ 22,821,000	$ 21,384,000
Annual Incentive Plan [Abstract]
Maximum Percentage Of Comparable Funds From Operations As Incentive Awards	1.25%
Out Performance Plan [Member]
Out Performance Plan [Abstract]
Out Performance Plan Notional Amount	$ 40,000,000
Awards vesting in three years	33.00%
Awards vesting in four years	33.00%
Awards vesting in five years	34.00%
Share Based Compensation By Share Based Payment Award Grant Date Fair Value Adjusted For Estimated Forfeitures	$ 12,250,000
Share Based Compensation By Share Based Payment Award Amortization Period	5 years
Out Performance Plan [Member] \| Relative Component [Member]
Out Performance Plan [Abstract]
Required Shareholder Return Under Relative Component	6.00%
Out Performance Plan [Member] \| Absolute Component [Member]
Out Performance Plan [Abstract]
Required Shareholder Return Per Year	7.00%
Required Shareholder Return Three Year	21.00%
Percentage Of Shareholder Return Under Which No Awards Will Be Earned	0.00%
Annual Incentive Program [Member]
Annual Incentive Plan [Abstract]
Minimum Comparable Funds From Operations To Prior Year	80.00%

Fee and Other Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Fee and Other Income (Details) - USD ($) $ in Thousands	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Fee and Other Income [Abstract]
Tenant cleaning fees	$ 16,945	$ 15,647	$ 49,437	$ 46,479
Signage Revenue	4,783	5,085	14,252	14,746
Management and leasing fees	7,234	4,773	16,534	16,660
Lease termination fees	282	4,803	1,172	12,478
Other income	10,444	6,468	24,623	21,450
Fee and other income	39,688	36,776	106,018	111,813
Management fee income from Interstate Properties	$ 197	$ 195	$ 588	$ 586

Interest and Other Investment Income (Loss), Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Total Interest and Other Investment Income (Loss), Net	$ 10,523	$ (30,011)	$ (22,984)	$ 95,086
Marketable Equity Securities Derivative Positions [Member]
Total Interest and Other Investment Income (Loss), Net	4,344	(37,537)	(53,343)	(27,136)
Mezzanine Loans Loss Accrual [Member]
Total Interest and Other Investment Income (Loss), Net	0	0	0	82,744
Marketable Securities [Member]
Total Interest and Other Investment Income (Loss), Net	0	7,605	11,093	22,941
Mark to Market of deferred Compensation Plan [Member]
Total Interest and Other Investment Income (Loss), Net	1,116	(5,243)	5,267	1,502
Mezzanine Loans Receivable [Member]
Total Interest and Other Investment Income (Loss), Net	2,852	3,442	8,867	9,169
Other Investment Income [Member]
Total Interest and Other Investment Income (Loss), Net	$ 2,211	$ 1,722	$ 5,132	$ 5,866

Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Income Per Share [Abstract]
Income from continuing operations, net of income attributable to noncontrolling interests	$ 93,433	$ 45,553	$ 303,755	$ 418,163
Income from discontinued operations, net of income attributable to noncontrolling interests	147,873	8,209	227,370	156,843
Net income attributable to Vornado	241,306	53,762	531,125	575,006
Preferred share dividends	(20,613)	(17,627)	(56,187)	(47,743)
Discount on preferred unit redemptions	11,700	5,000	11,700	5,000
NET INCOME attributable to common shareholders	232,393	41,135	486,638	532,263
Earnings allocated to unvested participating securities	(71)	(48)	(149)	(199)
Numerator for basic income per share	232,322	41,087	486,489	532,064
Convertible preferred share dividends - Numerator	28	0	85	94
Numerator for diluted income per share	$ 232,350	$ 41,087	$ 486,574	$ 532,158
Denominator for basic income per share - weighted average shares	185,924	184,398	185,656	184,220
Employee stock options and restricted share awards	681	1,667	693	1,764
Convertible preferred shares - Denominator	50	0	50	55
Weighted Average Number of Shares Outstanding, Diluted, Total	186,655	186,065	186,399	186,039
Income from continuing operations, net (in dollars per share)	$ 0.45	$ 0.18	$ 1.40	$ 2.04
Income from discontinued operations, net - Basic	0.80	0.04	1.22	0.85
Net income per common share (in dollars per share)	1.25	0.22	2.62	2.89
Income from continuing operations, net (in dollars per share)	0.45	0.18	1.39	2.02
Income from discontinued operations, net - Diluted	0.79	0.04	1.22	0.84
Net income per common share (in dollars per share)	$ 1.24	$ 0.22	$ 2.61	$ 2.86

Income Per Share (Parentheticals) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Income Per Share [Abstract]
Weighted average common share equivalents of excluded dilutive securities due to anti-dilutive effect	12,652	18,857	15,048	18,687

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Commitments and Contingencies (Details) - USD ($)	9 Months Ended
Commitments and Contingencies (Details) - USD ($)	Sep. 30, 2012	Jan. 12, 2012	Dec. 16, 2011	Feb. 28, 2011
Other Commitments And Contingencies [Abstract]
Guarantees and master leases	$ 267,090,000
Outstanding letters of credit	22,576,000
Commitment to fund additional capital to partially owned entities	244,463,000
NBCR Losses [Member]
Insurance [Abstract]
Insurance limit per occurrence	$ 2,000,000,000
Federal government deductible, percentage of balance of a covered loss	85.00%
Earthquake California Properties [Member]
Insurance [Abstract]
Insurance limit per occurrence	$ 180,000,000
Vornado deductible, percentage of property value	5.00%
Vornado deductible, annual aggregate	$ 180,000,000
All Risk And Rental Value [Member]
Insurance [Abstract]
Insurance limit per occurrence	2,000,000,000
General Liability [Member]
Insurance [Abstract]
Insurance limit per occurrence	300,000,000
PPIC [Member] \| NBCR Losses [Member]
Insurance [Abstract]
Insurance deductible	$ 3,200,000
Insurance Deductible Percentage Of Balance Of Covered Loss	15.00%
Stop & Shop [Member]
Litigation [Abstract]
Stop & Shop complaint regarding rent allocated to East Brunswick, Jersey City, Middletown, Union, and Woodbridge leases	$ 5,000,000
Accounts Receivable, Gross	46,400,000
Stop & Shop judgement in our favor to pay us the unpaid annual rent accrued			$ 56,597,000	$ 37,422,000
Stop & Shop recovery action of annual rent commenced by Vornado		$ 2,500,000
Maximum Reasonably Possible Loss	46,400,000
Cleveland Medical Mart [Member]
Other Commitments And Contingencies [Abstract]
Commitments to Fund Improvements	11,500,000
Commitment Funded During Period	$ 1,100,000

Related Party Transactions (Details) - USD ($)		9 Months Ended
Related Party Transactions (Details) - USD ($)	Mar. 08, 2012	Sep. 30, 2012	Sep. 30, 2011
Proceeds from the repayment of loan to officer		$ 13,123,000	$ 0
Board of Directors Chairman [Member]
Proceeds from the repayment of loan to officer	$ 13,122,500
Related Party Transaction, Date	Mar. 08, 2012

Segment Information (Details) $ in Thousands, sqft in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2012 USD ($) Properties	Sep. 30, 2011 USD ($)	Sep. 30, 2012 USD ($) sqft Properties	Sep. 30, 2011 USD ($)
Segment Reporting Information [Line Items]
Property rentals	$ 492,989	$ 507,258	$ 1,469,751	$ 1,517,994
Straight Line Rent Adjustments	11,910	7,087	55,189	26,192
Amortization of acquired below-market leases, net	13,242	15,847	39,228	48,681
Total rentals	518,141	530,192	1,564,168	1,592,867
Tenant expense reimbursements	80,497	85,757	224,287	237,945
Cleveland Medical Mart development project	72,651	35,135	184,014	108,203
Tenant cleaning fees	16,945	15,647	49,437	46,479
Signage Revenue	4,783	5,085	14,252	14,746
Management and leasing fees	7,234	4,773	16,534	16,660
Lease termination fees	282	4,803	1,172	12,478
Other	10,444	6,468	24,623	21,450
Total revenues	710,977	687,860	2,078,487	2,050,828
Operating expenses	264,487	262,837	764,018	773,331
Depreciation and amortization	124,335	126,935	386,974	373,380
General and administrative	48,742	46,121	151,142	154,359
Cleveland Medical Mart development project	70,431	33,419	177,127	101,637
Tenant buy-outs and other acquisition related costs	1,070	2,288	4,314	22,455
Total expenses	509,065	471,600	1,483,575	1,425,162
Operating income	201,912	216,260	594,912	625,666
Income from partially owned entities	12,683	3,836	142,187	135,829
Income from Real Estate Fund (of which $4,787 and $3,675 in each three-month period, respectively, and $25,026 and $15,703 in each nine-month period, respectively, are attributable to noncontrolling interests)	5,509	5,353	37,572	25,491
Interest and other investment income (loss), net	10,523	(30,011)	(22,984)	95,086
Interest and debt expense (including amortization of deferred financing costs of $5,725 and $4,670, in each three-month period, respectively, and $17,204 and $14,093 in each nine-month period, respectively)	(120,770)	(131,998)	(377,600)	(394,192)
Net gain on disposition of wholly owned and partially owned assets	0	1,298	4,856	7,975
Income loss before income taxes	109,857	64,738	378,943	495,855
Income tax expense	(3,015)	(6,959)	(17,319)	(18,548)
Income from continuing operations	106,842	57,779	361,624	477,307
Income from discontinued operations	157,314	8,444	241,024	165,706
Net income	264,156	66,223	602,648	643,013
Less net income attributable to noncontrolling interests in: Consolidated subsidiaries	(6,610)	(5,636)	(30,928)	(20,643)
Less net income attributable to noncontrolling interests in: Operating Partnership, including unit distributions	(16,240)	(6,825)	(40,595)	(47,364)
Net income attributable to Vornado	241,306	53,762	531,125	575,006
Interest and debt expense (2)	183,241	197,864	567,265	599,668
Depreciation and amortization (2)	177,593	193,394	552,794	561,738
Income tax expense	3,850	(7,350)	50,076	42,135
EBITDA	$ 605,990	437,670	$ 1,701,260	1,778,547
Real Estate Properties Abstract
Square Footage Of Real Estate Property Reclassed \| sqft			1.0
Number Of Real Estate Properties Reclassed \| Properties	21		21
Discontinued Operation or Asset Disposal [Member]
Segment Reporting Information [Line Items]
Income from discontinued operations	$ 157,314	8,444	$ 241,024	165,706
Interest and debt expense (2)	3,799	4,732	11,415	17,917
Depreciation and amortization (2)	3,560	9,236	14,818	26,916
Income tax expense	11,437	185	12,207	1,000
EBITDA	(176,110)	(22,597)	(279,464)	(211,539)
Continuing Operations [Member]
Segment Reporting Information [Line Items]
EBITDA	429,880	415,073	1,421,796	1,567,008
Toys R Us [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	(8,585)	(9,304)	88,696	80,794
All Equity Method Investees Excluding Toys [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	21,268	13,140	53,491	55,035
New York Segment [Member]
Segment Reporting Information [Line Items]
Property rentals	255,703	247,794	735,587	727,886
Straight Line Rent Adjustments	8,140	6,445	42,334	22,636
Amortization of acquired below-market leases, net	8,458	9,833	23,776	33,173
Total rentals	272,301	264,072	801,697	783,695
Tenant expense reimbursements	45,164	49,125	118,861	125,921
Tenant cleaning fees	23,918	22,571	70,476	66,913
Signage Revenue	4,783	5,085	14,252	14,746
Management and leasing fees	1,816	1,022	4,037	3,560
Lease termination fees	78	3,540	334	9,176
Other	1,116	1,049	3,449	3,391
Total revenues	349,176	346,464	1,013,106	1,007,402
Operating expenses	159,048	152,880	447,910	435,519
Depreciation and amortization	57,967	55,685	168,391	165,031
General and administrative	6,739	6,452	21,980	20,409
Tenant buy-outs and other acquisition related costs		1,558		16,558
Total expenses	223,754	216,575	638,281	637,517
Operating income	125,422	129,889	374,825	369,885
Income from partially owned entities	9,309	1,203	20,345	13,320
Interest and other investment income (loss), net	1,057	1,047	3,166	3,169
Interest and debt expense (including amortization of deferred financing costs of $5,725 and $4,670, in each three-month period, respectively, and $17,204 and $14,093 in each nine-month period, respectively)	(36,817)	(39,088)	(109,365)	(114,381)
Net gain on disposition of wholly owned and partially owned assets			0
Income loss before income taxes	98,971	93,051	288,971	271,993
Income tax expense	(815)	(678)	(2,480)	(1,637)
Income from continuing operations	98,156	92,373	286,491	270,356
Income from discontinued operations	0	165	(640)	398
Net income	98,156	92,538	285,851	270,754
Less net income attributable to noncontrolling interests in: Consolidated subsidiaries	(2,092)	(2,219)	(7,266)	(6,815)
Less net income attributable to noncontrolling interests in: Operating Partnership, including unit distributions			0
Net income attributable to Vornado	96,064	90,319	278,585	263,939
Interest and debt expense (2)	46,823	46,691	140,294	132,248
Depreciation and amortization (2)	62,905	65,539	188,480	181,611
Income tax expense	871	734	2,677	1,644
EBITDA	206,663	203,283	610,036	579,442
New York Segment [Member] \| Discontinued Operation or Asset Disposal [Member]
Segment Reporting Information [Line Items]
EBITDA	0	(276)	640	(710)
New York Segment [Member] \| Continuing Operations [Member]
Segment Reporting Information [Line Items]
EBITDA	206,663	203,007	610,676	578,732
New York Segment [Member] \| All Equity Method Investees Excluding Toys [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	9,309	1,203	20,345	13,320
Washington DC Segment [Member]
Segment Reporting Information [Line Items]
Property rentals	115,641	133,659	356,459	400,909
Straight Line Rent Adjustments	1,267	(1,308)	4,382	(2,138)
Amortization of acquired below-market leases, net	506	557	1,537	1,597
Total rentals	117,414	132,908	362,378	400,368
Tenant expense reimbursements	9,601	9,640	30,471	27,242
Management and leasing fees	4,615	2,670	9,782	9,629
Lease termination fees	128	1,002	256	3,013
Other	8,288	5,039	18,846	15,316
Total revenues	140,046	151,259	421,733	455,568
Operating expenses	50,305	49,013	143,923	142,211
Depreciation and amortization	29,825	32,346	107,395	96,940
General and administrative	6,668	6,502	19,849	19,496
Total expenses	86,798	87,861	271,167	258,647
Operating income	53,248	63,398	150,566	196,921
Income from partially owned entities	(2,182)	(1,356)	(4,571)	(6,038)
Interest and other investment income (loss), net	24	39	97	119
Interest and debt expense (including amortization of deferred financing costs of $5,725 and $4,670, in each three-month period, respectively, and $17,204 and $14,093 in each nine-month period, respectively)	(28,311)	(28,928)	(85,408)	(85,971)
Income loss before income taxes	22,779	33,153	60,684	105,031
Income tax expense	25	(881)	(1,277)	(2,055)
Income from continuing operations	22,804	32,272	59,407	102,976
Income from discontinued operations	126,437	1,622	130,979	51,274
Net income	149,241	33,894	190,386	154,250
Net income attributable to Vornado	149,241	33,894	190,386	154,250
Interest and debt expense (2)	33,280	33,703	99,486	100,017
Depreciation and amortization (2)	35,071	38,085	122,987	118,290
Income tax expense	(25)	925	1,532	2,380
EBITDA	217,567	106,607	414,391	374,937
Washington DC Segment [Member] \| Discontinued Operation or Asset Disposal [Member]
Segment Reporting Information [Line Items]
EBITDA	(128,745)	(4,568)	(138,707)	(60,220)
Washington DC Segment [Member] \| Continuing Operations [Member]
Segment Reporting Information [Line Items]
EBITDA	88,822	102,039	275,684	314,717
Washington DC Segment [Member] \| All Equity Method Investees Excluding Toys [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	(2,182)	(1,356)	(4,571)	(6,038)
Retail Properties Segment [Member]
Segment Reporting Information [Line Items]
Property rentals	67,919	67,616	203,237	202,701
Straight Line Rent Adjustments	2,392	1,911	7,285	4,666
Amortization of acquired below-market leases, net	2,868	4,346	9,648	10,552
Total rentals	73,179	73,873	220,170	217,919
Tenant expense reimbursements	21,069	23,059	64,915	71,926
Management and leasing fees	736	755	2,640	3,068
Lease termination fees	73	261	74	289
Other	632	229	1,361	1,172
Total revenues	95,689	98,177	289,160	294,374
Operating expenses	33,519	37,415	104,788	113,167
Depreciation and amortization	18,202	20,414	56,830	57,472
General and administrative	6,103	6,088	18,803	20,046
Tenant buy-outs and other acquisition related costs		35		35
Total expenses	57,824	63,952	180,421	190,720
Operating income	37,865	34,225	108,739	103,654
Income from partially owned entities	342	575	1,040	1,221
Interest and other investment income (loss), net	4	1	24	1
Interest and debt expense (including amortization of deferred financing costs of $5,725 and $4,670, in each three-month period, respectively, and $17,204 and $14,093 in each nine-month period, respectively)	(14,732)	(17,639)	(49,705)	(53,024)
Income loss before income taxes	23,479	17,162	60,098	51,852
Income tax expense				(5)
Income from continuing operations	23,479	17,162	60,098	51,847
Income from discontinued operations	11,085	6,272	36,404	26,010
Net income	34,564	23,434	96,502	77,857
Less net income attributable to noncontrolling interests in: Consolidated subsidiaries	97	110	308	196
Net income attributable to Vornado	34,661	23,544	96,810	78,053
Interest and debt expense (2)	17,499	20,678	58,039	62,144
Depreciation and amortization (2)	21,345	24,117	65,751	68,294
Income tax expense	0	0	0	5
EBITDA	73,505	68,339	220,600	208,496
Retail Properties Segment [Member] \| Discontinued Operation or Asset Disposal [Member]
Segment Reporting Information [Line Items]
EBITDA	(15,160)	(11,288)	(48,251)	(40,988)
Retail Properties Segment [Member] \| Continuing Operations [Member]
Segment Reporting Information [Line Items]
EBITDA	58,345	57,051	172,349	167,508
Retail Properties Segment [Member] \| All Equity Method Investees Excluding Toys [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	342	575	1,040	1,221
Merchandise Mart Segment [Member]
Segment Reporting Information [Line Items]
Property rentals	31,625	35,586	107,687	118,540
Straight Line Rent Adjustments	(171)	(501)	580	(1,261)
Amortization of acquired below-market leases, net	0
Total rentals	31,454	35,085	108,267	117,279
Tenant expense reimbursements	1,201	1,681	3,702	4,988
Cleveland Medical Mart development project	72,651	35,135	184,014	108,203
Management and leasing fees	142	45	188	348
Lease termination fees	3		508
Other	481	543	1,221	1,791
Total revenues	105,932	72,489	297,900	232,609
Operating expenses	19,130	21,289	59,929	71,210
Depreciation and amortization	7,439	7,642	22,324	21,594
General and administrative	4,120	9,206	14,877	22,659
Cleveland Medical Mart development project	70,431	33,419	177,127	101,637
Tenant buy-outs and other acquisition related costs				3,040
Total expenses	101,120	71,556	274,257	220,140
Operating income	4,812	933	23,643	12,469
Income from partially owned entities	219	38	560	292
Interest and other investment income (loss), net		1		1
Interest and debt expense (including amortization of deferred financing costs of $5,725 and $4,670, in each three-month period, respectively, and $17,204 and $14,093 in each nine-month period, respectively)	(7,906)	(7,866)	(23,467)	(23,342)
Income loss before income taxes	(2,875)	(6,894)	736	(10,580)
Income tax expense	2,166	(784)	343	(1,523)
Income from continuing operations	(709)	(7,678)	1,079	(12,103)
Income from discontinued operations	19,792	483	67,291	88,365
Net income	19,083	(7,195)	68,370	76,262
Net income attributable to Vornado	19,083	(7,195)	68,370	76,262
Interest and debt expense (2)	8,916	9,523	26,492	32,025
Depreciation and amortization (2)	7,662	12,230	26,966	34,632
Income tax expense	9,281	890	11,658	2,211
EBITDA	44,942	15,448	133,486	145,130
Merchandise Mart Segment [Member] \| Discontinued Operation or Asset Disposal [Member]
Segment Reporting Information [Line Items]
EBITDA	(32,205)	(6,563)	(86,156)	(109,962)
Merchandise Mart Segment [Member] \| Continuing Operations [Member]
Segment Reporting Information [Line Items]
EBITDA	12,737	8,885	47,330	35,168
Merchandise Mart Segment [Member] \| All Equity Method Investees Excluding Toys [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	219	38	560	292
Toys R Us Segment [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	(8,585)	(9,304)	88,696	80,794
Income loss before income taxes	(8,585)	(9,304)	88,696	80,794
Income tax expense	0
Income from continuing operations	(8,585)	(9,304)	88,696	80,794
Income from discontinued operations	0
Net income	(8,585)	(9,304)	88,696	80,794
Net income attributable to Vornado	(8,585)	(9,304)	88,696	80,794
Interest and debt expense (2)	34,526	38,018	103,388	121,546
Depreciation and amortization (2)	33,160	34,293	100,371	101,862
Income tax expense	(11,118)	(15,135)	17,982	29,914
EBITDA	47,983	47,872	310,437	334,116
Toys R Us Segment [Member] \| Discontinued Operation or Asset Disposal [Member]
Segment Reporting Information [Line Items]
EBITDA	0
Toys R Us Segment [Member] \| Continuing Operations [Member]
Segment Reporting Information [Line Items]
EBITDA	47,983	47,872	310,437	334,116
Toys R Us Segment [Member] \| Toys R Us [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	(8,585)	(9,304)	88,696	80,794
Other Segment [Member]
Segment Reporting Information [Line Items]
Property rentals	22,101	22,603	66,781	67,958
Straight Line Rent Adjustments	282	540	608	2,289
Amortization of acquired below-market leases, net	1,410	1,111	4,267	3,359
Total rentals	23,793	24,254	71,656	73,606
Tenant expense reimbursements	3,462	2,252	6,338	7,868
Tenant cleaning fees	(6,973)	(6,924)	(21,039)	(20,434)
Management and leasing fees	(75)	281	(113)	55
Other	(73)	(392)	(254)	(220)
Total revenues	20,134	19,471	56,588	60,875
Operating expenses	2,485	2,240	7,468	11,224
Depreciation and amortization	10,902	10,848	32,034	32,343
General and administrative	25,112	17,873	75,633	71,749
Tenant buy-outs and other acquisition related costs	1,070	695	4,314	2,822
Total expenses	39,569	31,656	119,449	118,138
Operating income	(19,435)	(12,185)	(62,861)	(57,263)
Income from partially owned entities	13,580	12,680	36,117	46,240
Income from Real Estate Fund (of which $4,787 and $3,675 in each three-month period, respectively, and $25,026 and $15,703 in each nine-month period, respectively, are attributable to noncontrolling interests)	5,509	5,353	37,572	25,491
Interest and other investment income (loss), net	9,438	(31,099)	(26,271)	91,796
Interest and debt expense (including amortization of deferred financing costs of $5,725 and $4,670, in each three-month period, respectively, and $17,204 and $14,093 in each nine-month period, respectively)	(33,004)	(38,477)	(109,655)	(117,474)
Net gain on disposition of wholly owned and partially owned assets		1,298	4,856	7,975
Income loss before income taxes	(23,912)	(62,430)	(120,242)	(3,235)
Income tax expense	(4,391)	(4,616)	(13,905)	(13,328)
Income from continuing operations	(28,303)	(67,046)	(134,147)	(16,563)
Income from discontinued operations	0	(98)	6,990	(341)
Net income	(28,303)	(67,144)	(127,157)	(16,904)
Less net income attributable to noncontrolling interests in: Consolidated subsidiaries	(4,615)	(3,527)	(23,970)	(14,024)
Less net income attributable to noncontrolling interests in: Operating Partnership, including unit distributions	(16,240)	(6,825)	(40,595)	(47,364)
Net income attributable to Vornado	(49,158)	(77,496)	(191,722)	(78,292)
Interest and debt expense (2)	42,197	49,251	139,566	151,688
Depreciation and amortization (2)	17,450	19,130	48,239	57,049
Income tax expense	4,841	5,236	16,227	5,981
EBITDA	15,330	(3,879)	12,310	136,426
Other Segment [Member] \| Discontinued Operation or Asset Disposal [Member]
Segment Reporting Information [Line Items]
EBITDA	0	98	(6,990)	341
Other Segment [Member] \| Continuing Operations [Member]
Segment Reporting Information [Line Items]
EBITDA	15,330	(3,781)	5,320	136,767
Other Segment [Member] \| Toys R Us [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	0		0
Other Segment [Member] \| All Equity Method Investees Excluding Toys [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	$ 13,580	$ 12,680	$ 36,117	$ 46,240

Segment Information (Parentheticals) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Earnings Before Interest, Taxes, Depreciation, and Amortization	$ 605,990	$ 437,670	$ 1,701,260	$ 1,778,547
Alexander's Inc. [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	1,821	1,758	5,617	5,545
California Street 555 [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	10,714	11,220	31,406	32,608
Lexington Realty Trust [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	7,859	8,424	24,780	27,970
Lexington Realty Trust [Member] \| Net Gains From Stock Issuances [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	0	0	0	9,760
LNR [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	18,773	15,769	46,006	38,569
Other Investments [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	11,121	10,173	24,954	30,352
Other EBITDA attributable to identifiable investments [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	49,189	47,264	139,692	139,287
Corporate General And Administrative Expenses Excluding Mark To Market Of Deferred Compensation Plan Assets And Offsetting Liability [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	(22,811)	(21,585)	(66,940)	(62,964)
Investment Income And Other Excluding Mark To Market Of Deferred Compensation Plan Assets And Offsetting Liability [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	5,033	12,541	28,865	37,284
Net Income Loss Attributable To Noncontrolling Interest Operating Partnerships And Preferred Unit Holders [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	(16,240)	(6,825)	(40,595)	(47,364)
Income (Loss) from the Mark-to-Market of Derivative Positions in Marketable Equity Securities [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	4,344	(37,537)	(53,343)	(27,136)
Real estate Fund organization costs [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	0	0	0	(3,451)
Mezzanine Loans Receivable [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	0	0	0	82,744
Net gain on sale of condominiums [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	0	1,298	1,274	5,884
Verde Realty impairment loss [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	(4,936)	0	(4,936)	0
Acquisition related costs
Earnings Before Interest, Taxes, Depreciation, and Amortization	(1,070)	(695)	(4,314)	(2,822)
Real Estate Fund [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	722	1,678	12,546	9,788
Real Estate Fund [Member] \| Operations [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	1,874	743	4,162	2,550
Real Estate Fund [Member] \| Carried Interest [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	(2,541)	(475)	0	1,665
Real Estate Fund [Member] \| Unrealized Gain From Mark To Market [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	1,389	1,410	8,384	4,802
Real Estate Fund [Member] \| Realized Gain [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	0	0	0	771
New York Segment [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	206,663	203,283	610,036	579,442
New York Segment [Member] \| Ny Segment Ny Office [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	139,894	137,295	419,054	399,182
New York Segment [Member] \| Ny Segment Alexanders [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	13,080	12,830	39,477	40,032
New York Segment [Member] \| NY Segment Hotel Pennsylvania [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	7,524	9,773	16,746	18,382
New York Segment [Member] \| NY Segment Retail [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	46,165	43,109	135,399	121,136
Washington DC Segment [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	217,567	106,607	414,391	374,937
Retail Properties Segment [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	73,505	68,339	220,600	208,496
Retail Properties Segment [Member] \| Retail Segment Strip Shopping Centers [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	42,468	41,282	125,072	120,887
Retail Properties Segment [Member] \| Retail Segment Regional Malls [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	15,877	15,769	47,277	46,621
Merchandise Mart Segment [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	44,942	15,448	133,486	145,130
Toys R Us Segment [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	47,983	47,872	310,437	334,116
Other Segment [Member]
Earnings Before Interest, Taxes, Depreciation, and Amortization	$ 15,330	$ (3,879)	$ 12,310	$ 136,426

Label	Element	Value
Fair Value, Measurements, Recurring [Member]
Mandatorily Redeemable Preferred Stock Fair Value Disclosure	us-gaap_MandatorilyRedeemablePreferredStockFairValueDisclosure	$ 54,865,000
Mandatorily Redeemable Preferred Stock Fair Value Disclosure	us-gaap_MandatorilyRedeemablePreferredStockFairValueDisclosure	55,097,000
Deferred Compensation Plan Assets	us-gaap_DeferredCompensationPlanAssets	95,457,000
Deferred Compensation Plan Assets	us-gaap_DeferredCompensationPlanAssets	103,003,000
Available For Sale Securities Fair Value Disclosure	us-gaap_AvailableForSaleSecuritiesFairValueDisclosure	741,321,000
Available For Sale Securities Fair Value Disclosure	us-gaap_AvailableForSaleSecuritiesFairValueDisclosure	485,001,000
Assets Fair Value Disclosure	us-gaap_AssetsFairValueDisclosure	1,214,028,000
Assets Fair Value Disclosure	us-gaap_AssetsFairValueDisclosure	1,078,970,000
Real Estate Fund Investments Fair Value Disclosure	vno_RealEstateFundInvestmentsFairValueDisclosure	346,650,000
Real Estate Fund Investments Fair Value Disclosure	vno_RealEstateFundInvestmentsFairValueDisclosure	482,442,000
Interest Rate Derivative Liabilities, at Fair Value	us-gaap_InterestRateDerivativeLiabilitiesAtFairValue	52,935,000
Interest Rate Derivative Liabilities, at Fair Value	us-gaap_InterestRateDerivativeLiabilitiesAtFairValue	44,114,000
Liabilities, Fair Value Disclosure	us-gaap_LiabilitiesFairValueDisclosure	108,032,000
Liabilities, Fair Value Disclosure	us-gaap_LiabilitiesFairValueDisclosure	98,979,000
Derivative Assets	us-gaap_DerivativeAssets	30,600,000
Derivative Assets	us-gaap_DerivativeAssets	8,524,000
Fair Value, Measurements, Recurring [Member] \| Fair Value Inputs Level 2 Member
Mandatorily Redeemable Preferred Stock Fair Value Disclosure	us-gaap_MandatorilyRedeemablePreferredStockFairValueDisclosure	0
Mandatorily Redeemable Preferred Stock Fair Value Disclosure	us-gaap_MandatorilyRedeemablePreferredStockFairValueDisclosure	0
Deferred Compensation Plan Assets	us-gaap_DeferredCompensationPlanAssets	0
Deferred Compensation Plan Assets	us-gaap_DeferredCompensationPlanAssets	0
Available For Sale Securities Fair Value Disclosure	us-gaap_AvailableForSaleSecuritiesFairValueDisclosure	0
Available For Sale Securities Fair Value Disclosure	us-gaap_AvailableForSaleSecuritiesFairValueDisclosure	0
Assets Fair Value Disclosure	us-gaap_AssetsFairValueDisclosure	30,600,000
Assets Fair Value Disclosure	us-gaap_AssetsFairValueDisclosure	8,524,000
Real Estate Fund Investments Fair Value Disclosure	vno_RealEstateFundInvestmentsFairValueDisclosure	0
Real Estate Fund Investments Fair Value Disclosure	vno_RealEstateFundInvestmentsFairValueDisclosure	0
Interest Rate Derivative Liabilities, at Fair Value	us-gaap_InterestRateDerivativeLiabilitiesAtFairValue	52,935,000
Interest Rate Derivative Liabilities, at Fair Value	us-gaap_InterestRateDerivativeLiabilitiesAtFairValue	44,114,000
Liabilities, Fair Value Disclosure	us-gaap_LiabilitiesFairValueDisclosure	52,935,000
Liabilities, Fair Value Disclosure	us-gaap_LiabilitiesFairValueDisclosure	44,114,000
Derivative Assets	us-gaap_DerivativeAssets	30,600,000
Derivative Assets	us-gaap_DerivativeAssets	8,524,000
Fair Value, Measurements, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Mandatorily Redeemable Preferred Stock Fair Value Disclosure	us-gaap_MandatorilyRedeemablePreferredStockFairValueDisclosure	54,865,000
Mandatorily Redeemable Preferred Stock Fair Value Disclosure	us-gaap_MandatorilyRedeemablePreferredStockFairValueDisclosure	55,097,000
Deferred Compensation Plan Assets	us-gaap_DeferredCompensationPlanAssets	39,236,000
Deferred Compensation Plan Assets	us-gaap_DeferredCompensationPlanAssets	42,236,000
Available For Sale Securities Fair Value Disclosure	us-gaap_AvailableForSaleSecuritiesFairValueDisclosure	741,321,000
Available For Sale Securities Fair Value Disclosure	us-gaap_AvailableForSaleSecuritiesFairValueDisclosure	485,001,000
Assets Fair Value Disclosure	us-gaap_AssetsFairValueDisclosure	780,557,000
Assets Fair Value Disclosure	us-gaap_AssetsFairValueDisclosure	527,237,000
Real Estate Fund Investments Fair Value Disclosure	vno_RealEstateFundInvestmentsFairValueDisclosure	0
Real Estate Fund Investments Fair Value Disclosure	vno_RealEstateFundInvestmentsFairValueDisclosure	0
Interest Rate Derivative Liabilities, at Fair Value	us-gaap_InterestRateDerivativeLiabilitiesAtFairValue	0
Interest Rate Derivative Liabilities, at Fair Value	us-gaap_InterestRateDerivativeLiabilitiesAtFairValue	0
Liabilities, Fair Value Disclosure	us-gaap_LiabilitiesFairValueDisclosure	55,097,000
Liabilities, Fair Value Disclosure	us-gaap_LiabilitiesFairValueDisclosure	54,865,000
Derivative Assets	us-gaap_DerivativeAssets	0
Derivative Assets	us-gaap_DerivativeAssets	0
Fair Value, Measurements, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Mandatorily Redeemable Preferred Stock Fair Value Disclosure	us-gaap_MandatorilyRedeemablePreferredStockFairValueDisclosure	0
Mandatorily Redeemable Preferred Stock Fair Value Disclosure	us-gaap_MandatorilyRedeemablePreferredStockFairValueDisclosure	0
Deferred Compensation Plan Assets	us-gaap_DeferredCompensationPlanAssets	56,221,000
Deferred Compensation Plan Assets	us-gaap_DeferredCompensationPlanAssets	60,767,000
Available For Sale Securities Fair Value Disclosure	us-gaap_AvailableForSaleSecuritiesFairValueDisclosure	0
Available For Sale Securities Fair Value Disclosure	us-gaap_AvailableForSaleSecuritiesFairValueDisclosure	0
Assets Fair Value Disclosure	us-gaap_AssetsFairValueDisclosure	402,871,000
Assets Fair Value Disclosure	us-gaap_AssetsFairValueDisclosure	543,209,000
Real Estate Fund Investments Fair Value Disclosure	vno_RealEstateFundInvestmentsFairValueDisclosure	346,650,000
Real Estate Fund Investments Fair Value Disclosure	vno_RealEstateFundInvestmentsFairValueDisclosure	482,442,000
Interest Rate Derivative Liabilities, at Fair Value	us-gaap_InterestRateDerivativeLiabilitiesAtFairValue	0
Interest Rate Derivative Liabilities, at Fair Value	us-gaap_InterestRateDerivativeLiabilitiesAtFairValue	0
Liabilities, Fair Value Disclosure	us-gaap_LiabilitiesFairValueDisclosure	0
Liabilities, Fair Value Disclosure	us-gaap_LiabilitiesFairValueDisclosure	0
Derivative Assets	us-gaap_DerivativeAssets	0
Derivative Assets	us-gaap_DerivativeAssets	0
Real Estate Fund [Member]
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Realized Gain Loss Included In Earnings	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainLossIncludedInEarnings	0
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Realized Gain Loss Included In Earnings	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainLossIncludedInEarnings	0
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Realized Gain Loss Included In Earnings	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainLossIncludedInEarnings	0
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Realized Gain Loss Included In Earnings	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainLossIncludedInEarnings	3,085,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	144,423,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	261,417,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	388,455,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	255,795,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	346,650,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	482,442,000
Fair Value Asset Measured on Recurring Basis, Asset, Purchases	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	163,021,000
Fair Value Asset Measured on Recurring Basis, Asset, Purchases	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	123,047,000
Fair Value Asset Measured on Recurring Basis, Asset, Purchases	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	0
Fair Value Asset Measured on Recurring Basis, Asset, Purchases	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	88,429,000
Fair Value Asset Measured On Recurring Basis Asset Sales	vno_FairValueAssetMeasuredOnRecurringBasisAssetSales	61,052,000
Fair Value Asset Measured On Recurring Basis Asset Sales	vno_FairValueAssetMeasuredOnRecurringBasisAssetSales	0
Fair Value Asset Measured On Recurring Basis Asset Sales	vno_FairValueAssetMeasuredOnRecurringBasisAssetSales	0
Fair Value Asset Measured On Recurring Basis Asset Sales	vno_FairValueAssetMeasuredOnRecurringBasisAssetSales	12,831,000
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Unrealized Gain Loss Included In Earnings	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetUnrealizedGainLossIncludedInEarnings	5,558,000
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Unrealized Gain Loss Included In Earnings	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetUnrealizedGainLossIncludedInEarnings	5,639,000
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Unrealized Gain Loss Included In Earnings	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetUnrealizedGainLossIncludedInEarnings	33,537,000
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Unrealized Gain Loss Included In Earnings	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetUnrealizedGainLossIncludedInEarnings	$ 19,209,000
Fair Value Measurements, Valuation Processes, Description	vno_FairValueMeasurementsValuationProcessesDescription	We use a discounted cash flow valuation technique to estimate the fair value of each of these investments, which is updated quarterly by personnel responsible for the management of each investment and reviewed by senior management at each reporting period. The discounted cash flow valuation technique requires us to estimate cash flows for each investment over the anticipated holding period, which currently ranges from 1.8 to 6.4 years. Cash flows are derived from property rental revenue (base rents plus reimbursements) less operating expenses, real estate taxes and capital and other costs, plus projected sales proceeds in the year of exit. Property rental revenue is based on leases currently in place and our estimates for future leasing activity, which are based on current market rents for similar space plus a projected growth factor. Similarly, estimated operating expenses and real estate taxes are based on amounts incurred in the current period plus a projected growth factor for future periods. Anticipated sales proceeds at the end of an investment’s expected holding period are determined based on the net cash flow of the investment in the year of exit, divided by a terminal capitalization rate, less estimated selling costs. The fair value of each property is calculated by discounting the future cash flows (including the projected sales proceeds), using an appropriate discount rate and then reduced by the property’s outstanding debt, if any, to determine the fair value of the equity in each investment. Significant unobservable quantitative inputs used in determining the fair value of each investment include capitalization rates and discount rates. These rates are based on the location, type and nature of each property, and current and anticipated market conditions, which are derived from original underwriting assumptions, industry publications and from the experience of our Acquisitions and Capital Markets departments.
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Net	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherNet	$ (286,000)
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Net	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherNet	15,516,000
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Net	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherNet	17,000
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Net	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherNet	$ 0
Real Estate Fund [Member] \| Weighted Average [Member]
Fair Value Inputs, Cap Rate	vno_FairValueInputsCapRate	6.00%
Fair Value Inputs, Discount Rate	vno_FairValueInputsDiscountRate	14.60%
Real Estate Fund [Member] \| Maximum [Member]
Fair Value Inputs, Cap Rate	vno_FairValueInputsCapRate	6.80%
Fair Value Inputs, Holding Period	vno_FairValueInputsHoldingPeriod	6 years 4 months 24 days
Fair Value Inputs, Discount Rate	vno_FairValueInputsDiscountRate	23.30%
Real Estate Fund [Member] \| Minimum [Member]
Fair Value Inputs, Cap Rate	vno_FairValueInputsCapRate	5.30%
Fair Value Inputs, Holding Period	vno_FairValueInputsHoldingPeriod	1 year 9 months 18 days
Fair Value Inputs, Discount Rate	vno_FairValueInputsDiscountRate	12.50%
Deferred Compensation Plan Asset [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	$ 56,221,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	60,767,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	53,887,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	47,850,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	58,313,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	53,724,000
Fair Value Asset Measured on Recurring Basis, Asset, Purchases	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	5,416,000
Fair Value Asset Measured on Recurring Basis, Asset, Purchases	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	22,259,000
Fair Value Asset Measured on Recurring Basis, Asset, Purchases	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	1,650,000
Fair Value Asset Measured on Recurring Basis, Asset, Purchases	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	3,155,000
Fair Value Asset Measured On Recurring Basis Asset Sales	vno_FairValueAssetMeasuredOnRecurringBasisAssetSales	4,287,000
Fair Value Asset Measured On Recurring Basis Asset Sales	vno_FairValueAssetMeasuredOnRecurringBasisAssetSales	18,538,000
Fair Value Asset Measured On Recurring Basis Asset Sales	vno_FairValueAssetMeasuredOnRecurringBasisAssetSales	276,000
Fair Value Asset Measured On Recurring Basis Asset Sales	vno_FairValueAssetMeasuredOnRecurringBasisAssetSales	$ 1,044,000
Fair Value Measurements, Valuation Processes, Description	vno_FairValueMeasurementsValuationProcessesDescription	Deferred compensation plan assets that are classified as Level 3 consist of investments in limited partnerships and investment funds, which are managed by third parties. We receive quarterly financial reports from a third-party administrator, which are compiled from the quarterly reports provided to them from each limited partnership and investment fund. The quarterly reports provide net asset values on a fair value basis which are audited by independent public accounting firms on an annual basis. The third-party administrator does not adjust these values in determining our share of the net assets and we do not adjust these values when reported in our consolidated financial statements.
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Net	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherNet	$ (68,000)
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Net	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherNet	(150,000)
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Net	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherNet	0
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Net	vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherNet	(103,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings	3,349,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings	2,166,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings	1,080,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings	$ (2,051,000)