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Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2013 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	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	186,991,076
Entity Well Known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Real estate, at cost:
Land	$ 4,209,969	$ 4,797,773
Buildings and improvements	12,302,151	12,476,372
Development costs and construction in progress	997,381	920,357
Leasehold improvements and equipment	127,491	130,077
Total	17,636,992	18,324,579
Less accumulated depreciation and amortization	(3,246,837)	(3,084,700)
Real estate, net	14,390,155	15,239,879
Cash and cash equivalents	781,655	960,319
Restricted cash	312,071	183,256
Marketable securities	402,935	398,188
Tenant and other receivables, net of allowance for doubtful accounts of $25,963 and $37,674	140,938	195,718
Investments in partially owned entities	1,449,408	1,704,297
Real Estate Fund investments	622,124	600,786
Mortgage and mezzanine loans receivable	175,699	225,359
Receivable arising from the straight-lining of rents, net of allowance of $4,307 and $3,165	790,358	760,310
Deferred leasing and financing costs, net of accumulated amortization of $251,202 and $224,453	412,695	407,500
Identified intangible assets, net of accumulated amortization of $365,854 and $346,664	289,110	406,358
Assets related to discontinued operations	63,573	602,000
Other assets	502,510	381,079
Assets	20,333,231	22,065,049
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Mortgages payable	8,582,573	8,663,326
Senior unsecured notes	1,358,182	1,358,008
Revolving credit facility debt	83,982	1,170,000
Accounts payable and accrued expenses	393,362	484,746
Deferred revenue	486,901	596,067
Deferred compensation plan	111,093	105,200
Deferred tax liabilities	15,369	15,305
Liabilities related to discontinued operations	2,677	423,163
Other liabilities	436,877	400,938
Total liabilities	11,471,016	13,216,753
Commitments and contingencies
Redeemable noncontrolling interests:
Class A units - 11,345,667 and 11,215,682 units outstanding	939,988	898,152
Series D cumulative redeemable preferred units - 1 and 1,800,001 units outstanding	1,000	46,000
Total redeemable noncontrolling interests	940,988	944,152
Vornado shareholders' equity:
Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 52,682,807 and 51,184,609 shares	1,277,455	1,240,278
Common shares of beneficial interest: $.04 par value per share; authorized 250,000,000 shares; issued and outstanding 186,991,076 and 186,734,711 shares	7,450	7,440
Additional capital	7,190,336	7,195,438
Earnings less than distributions	(1,471,643)	(1,573,275)
Accumulated other comprehensive income (loss)	132,894	(18,946)
Total Vornado shareholders' equity	7,136,492	6,850,935
Noncontrolling interests in consolidated subsidiaries	784,735	1,053,209
Total equity	7,921,227	7,904,144
Total liabilities, redeemable noncontrolling interests and equity	20,333,231	22,065,049
Toys R Us [Member]
Real estate, at cost:
Investments in partially owned entities	417,764	478,041
All Equity Method Investees Excluding Toys [Member]
Real estate, at cost:
Investments in partially owned entities	$ 1,031,644	$ 1,226,256

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
ASSETS
Tenant and other receivables, allowance for doubtful accounts (in US Dollars)	$ 25,963	$ 37,674
Receivable arising from the straight-lining of rents, allowance (in US Dollars)	4,307	3,165
Deferred leasing and financing costs, accumulated amortization (in US Dollars)	251,202	224,453
Identified intangible assets, accumulated amortization (in US Dollars)	$ 365,854	$ 346,664
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	52,682,807	51,184,609
Preferred shares of beneficial interest: outstanding shares	52,682,807	51,184,609
Common shares of beneficial interest: par value per share (in dollars 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	186,991,076	186,734,711
Common shares of beneficial interest: outstanding shares	186,991,076	186,734,711
Capital Unit, Class A [Member]
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Outstanding Partnership Units held by Third Parties	11,345,667	11,215,682
Cumulative Redeemable Preferred Unit [Member]
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Outstanding Partnership Units held by Third Parties	1	1,800,001

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
REVENUES:
Property rentals	$ 545,194	$ 517,233	$ 1,079,050	$ 1,026,726
Tenant expense reimbursements	75,659	71,409	152,415	141,906
Cleveland Medical Mart development project	16,990	56,304	29,133	111,363
Fee and other income	48,015	33,037	145,239	66,315
Total revenues	685,858	677,983	1,405,837	1,346,310
EXPENSES:
Operating	261,080	243,485	520,953	489,462
Depreciation and amortization	135,486	128,372	277,570	259,767
General and administrative	54,323	46,832	108,905	102,122
Cleveland Medical Mart development project	15,151	53,935	26,525	106,696
Acquisition related costs	3,350	2,559	3,951	3,244
Total expenses	469,390	475,183	937,904	961,291
Operating income	216,468	202,800	467,933	385,019
Income from partially owned entities	(35,389)	(6,627)	(12,864)	129,504
Income from Real Estate Fund	34,470	20,301	51,034	32,063
Interest and other investment income (loss), net	26,416	(49,172)	(22,658)	(33,507)
Interest and debt expense	(121,762)	(124,320)	(243,650)	(254,379)
Net gain (loss) on disposition of wholly owned and partially owned assets	1,005	4,856	(35,719)	4,856
Income before income taxes	121,208	47,838	204,076	263,556
Income tax expense	(2,877)	(7,479)	(3,950)	(14,304)
Income from continuing operations	118,331	40,359	200,126	249,252
Income from discontinued operations	63,990	17,869	271,122	89,240
Net income	182,321	58,228	471,248	338,492
Less net income attributable to noncontrolling interests in:
Consolidated subsidiaries	(14,930)	(14,721)	(26,216)	(24,318)
Operating Partnership	(8,849)	(1,337)	(22,782)	(16,608)
Preferred unit distributions of the Operating Partnership	(348)	(3,873)	(1,134)	(7,747)
Net income attributable to Vornado	158,194	38,297	421,116	289,819
Preferred share dividends	(20,368)	(17,787)	(42,070)	(35,574)
Preferred unit and share redemptions	8,100	0	(1,130)	0
NET INCOME attributable to common shareholders	$ 145,926	$ 20,510	$ 377,916	$ 254,245
INCOME PER COMMON SHARE - BASIC:
Income from continuing operations, net (in dollars per share)	$ 0.46	$ 0.02	$ 0.65	$ 0.91
Income from discontinued operations, net (in dollars per share)	0.32	0.09	1.37	0.46
Net income per common share (in dollars per share)	$ 0.78	$ 0.11	$ 2.02	$ 1.37
Weighted average shares outstanding (in shares)	186,931	185,673	186,842	185,521
INCOME PER COMMON SHARE - DILUTED:
Income from continuing operations, net (in dollars per share)	$ 0.46	$ 0.02	$ 0.65	$ 0.91
Income from discontinued operations, net (in dollars per share)	0.32	0.09	1.36	0.45
Net income per common share (in dollars per share)	$ 0.78	$ 0.11	$ 2.01	$ 1.36
Weighted average shares outstanding (in shares)	187,720	186,342	187,627	186,271
DIVIDENDS PER COMMON SHARE (in dollars per share)	$ 0.73	$ 0.69	$ 1.46	$ 1.38
Toys R Us [Member]
EXPENSES:
Income from partially owned entities	$ (36,861)	$ (19,190)	$ (35,102)	$ 97,281
All Equity Method Investees Excluding Toys [Member]
EXPENSES:
Income from partially owned entities	$ 1,472	$ 12,563	$ 22,238	$ 32,223

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Net income	$ 182,321	$ 58,228	$ 471,248	$ 338,492
Other comprehensive income (loss):
Change in unrealized net gain (loss) on available-for-sale securities	20,348	(233,218)	169,138	(220,525)
Amounts reclassified from accumulated other comprehensive income:
Pro rata share of other comprehensive loss of nonconsolidated subsidiaries	(19,707)	(4,310)	(23,354)	(26,254)
Change in value of interest rate swap	12,037	(8,388)	14,560	(6,002)
Other	(3)	496	530	373
Comprehensive income (loss)	194,996	(187,192)	632,122	86,084
Less comprehensive income attributable to noncontrolling interests	(24,862)	(4,470)	(59,166)	(32,779)
Comprehensive income (loss) attributable to Vornado	$ 170,134	$ (191,662)	$ 572,956	$ 53,305

Consolidated Statements of Changes in Equity - USD ($) shares in Thousands, $ in Thousands	Total	Real Estate Funds [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 Funds [Member]	Non-controlling Interests All Other Except Real Estate Fund [Member]
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	314,137						289,819		24,318
Dividends on common shares, Value	(256,119)						(256,119)
Dividends on preferred shares, Value	(35,574)						(35,574)
Common shares issued:
Upon redemption of Class A units, at redemption value, Shares					303
Upon redemption of Class A units, at redemption value, Value	24,976				$ 12	24,964
Under employees' share option plan, Shares					412
Under employees' share option plan, Value	(7,573)				$ 16	8,800	(16,389)
Under dividend reinvestment plan, Shares					10
Under dividend reinvestment plan, Value	843				$ 1	842
Contributions:
Contributions		$ 108,319	$ 30							$ 108,319	$ 30
Distributions:
Distributions		(44,910)								(44,910)
Conversion of Series A preferred shares to common shares, Shares				(2)	3
Conversion of Series A preferred shares to common shares, Value				$ (105)		105
Deferred compensation shares and options, Shares					7
Deferred compensation shares and options, Value	8,145				$ 0	8,484	(339)
Change in unrealized net gain (loss) on available-for-sale securities	(220,525)							(220,525)
Pro rata share of other comprehensive loss of nonconsolidated subsidiaries	(26,254)							(26,254)
Change in value of interest rate swap	(6,002)							(6,002)
Adjustments to carry redeemable Class A units at redemption value	(110,581)					(110,581)
Redeemable noncontrolling interests' share of above adjustments	15,894							15,894
Preferred unit and share redemptions	0
Other	372						2	373	(3)
Ending balance, Shares at Jun. 30, 2012				42,185	185,815
Ending balance, Value at Jun. 30, 2012	7,273,625			$ 1,021,555	$ 7,402	7,059,872	(1,420,304)	(162,785)	767,885
Beginning balance, Shares at Dec. 31, 2012				51,185	186,735
Beginning balance, Value at Dec. 31, 2012	7,904,144			$ 1,240,278	$ 7,440	7,195,438	(1,573,275)	(18,946)	1,053,209
Net income	447,332						421,116		26,216
Dividends on common shares, Value	(272,825)						(272,825)
Dividends on preferred shares, Value	(42,070)						(42,070)
Issuance of Series L preferred shares, Shares				12,000
Issuance of Series L preferred shares, Value	290,536			$ 290,536
Redemption of Series F and Series H preferred shares, Shares				(10,500)
Redemption of Series F and Series H preferred shares, value	(253,269)			$ (253,269)
Common shares issued:
Upon redemption of Class A units, at redemption value, Shares					180
Upon redemption of Class A units, at redemption value, Value	14,980				$ 7	14,973
Under employees' share option plan, Shares					62
Under employees' share option plan, Value	3,567				$ 3	3,564
Under dividend reinvestment plan, Shares					11
Under dividend reinvestment plan, Value	903					903
Contributions:
Contributions		18,781	15,186							18,781	15,186
Distributions:
Distributions		$ (43,145)	$ (120,051)							$ (43,145)	$ (120,051)
Conversion of Series A preferred shares to common shares, Shares				(2)	3
Conversion of Series A preferred shares to common shares, Value				$ (90)	$ 0	90
Deferred compensation shares and options, Shares					0
Deferred compensation shares and options, Value	4,481				$ 0	4,786	(305)
Change in unrealized net gain (loss) on available-for-sale securities	169,138							169,138
Pro rata share of other comprehensive loss of nonconsolidated subsidiaries	(23,354)							(23,354)
Change in value of interest rate swap	14,560							14,560
Adjustments to carry redeemable Class A units at redemption value	(29,393)					(29,393)
Redeemable noncontrolling interests' share of above adjustments	(9,034)							(9,034)
Preferred unit and share redemptions	(1,130)						(1,130)
Deconsolidation of partially owned entity	(165,427)								(165,427)
Other	(2,683)					(25)	(3,154)	530	(34)
Ending balance, Shares at Jun. 30, 2013				52,683	186,991
Ending balance, Value at Jun. 30, 2013	$ 7,921,227			$ 1,277,455	$ 7,450	$ 7,190,336	$ (1,471,643)	$ 132,894	$ 784,735

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash Flows from Operating Activities:
Net income	$ 471,248	$ 338,492
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including amortization of deferred financing costs)	289,643	285,617
Net gains on sale of real estate	(267,994)	(72,713)
Return of capital from Real Estate Fund investments	56,664	0
Net unrealized gain on Real Estate Fund investments	(47,109)	(27,979)
Other non-cash adjustments	42,339	20,993
Non-cash impairment loss on J.C. Penney common shares	39,487	0
Net loss (gain) on disposition of wholly owned and partially owned assets	35,719	(4,856)
Straight-lining of rental income	(32,730)	(43,124)
Amortization of below-market leases, net	(28,511)	(26,457)
Distributions of income from partially owned entities	23,774	34,613
Loss from the mark-to-market of J.C. Penney derivative position	13,475	57,687
Equity in net loss (income) of partially owned entities including Toys "R" Us	12,864	(129,504)
Impairment losses	4,007	13,511
Changes in operating assets and liabilities:
Real Estate Fund investments	(30,893)	(85,867)
Accounts receivable, net	53,821	(8,971)
Prepaid assets	(104,149)	(100,012)
Other assets	(35,570)	(18,582)
Accounts payable and accrued expenses	(50,690)	25,940
Other liabilities	(595)	5,076
Net cash provided by operating activities	444,800	263,864
Cash Flows from Investing Activities:
Proceeds from sales of real estate and related investments	648,167	370,037
Distributions of capital from partially owned entities	281,991	17,963
Proceeds from the sale of LNR	240,474	0
Proceeds from sales of marketable securities	160,715	58,460
Additions to real estate	(113,060)	(83,368)
Funding of J.C. Penney derivative collateral	(98,447)	(70,000)
Development costs and construction in progress	(85,550)	(58,069)
Return of J.C. Penney derivative collateral	85,450	24,950
Investments in partially owned entities	(59,472)	(57,237)
Acquisitions of real estate and other	(53,992)	(32,156)
Proceeds from repayments of mortgage and mezzanine loans receivable and other	47,950	1,994
Restricted cash	16,596	(14,658)
Investment in mortgage and mezzanine loans receivable and other	(137)	(145)
Proceeds from the repayment of loan to officer	0	13,123
Net cash provided by investing activities	1,070,685	170,894
Cash Flows from Financing Activities:
Repayments of borrowings	(2,800,441)	(1,507,220)
Proceeds from borrowings	1,583,357	1,225,000
Purchases of outstanding preferred units and shares	(299,400)	0
Proceeds from the issuance of preferred shares	290,536	0
Dividends paid on common shares	(272,825)	(256,119)
Distributions to noncontrolling interests	(181,510)	(69,367)
Dividends paid on preferred shares	(42,451)	(35,576)
Contributions from noncontrolling interests	33,967	108,349
Debt issuance and other costs	(9,520)	(14,648)
Proceeds received from exercise of employee share options	4,470	9,667
Repurchase of shares related to stock compensation agreements and/or related tax withholdings	(332)	(30,034)
Net cash used in financing activities	(1,694,149)	(569,948)
Net decrease in cash and cash equivalents	(178,664)	(135,190)
Cash and cash equivalents at beginning of period	960,319	606,553
Cash and cash equivalents at end of period	781,655	471,363
Supplemental Disclosure of Cash Flow Information [Abstract]
Cash payments for interest, excluding capitalized interest of $17,492 and $361	235,588	251,434
Cash payments for income taxes	4,732	6,494
Non-Cash Investing and Financing Activities:
Change in unrealized net gain (loss) on available-for-sale securities	169,138	(220,525)
Adjustments to carry redeemable Class A units at redemption value	(29,393)	(110,581)
Common shares issued upon redemption of Class A units, at redemption value	14,980	24,976
Decrease in assets and liabilities resulting from the deconsolidation of discontinued operations and/or investments that were previously consolidated:
Real Estate, net	(852,166)	0
Notes and mortgages payable	(322,903)	0
Cash restricted for like kind exchange of real estate	(155,810)	0
L.A. Mart seller financing	0	35,000
Write-off of fully depreciated assets	(47,598)	(131,770)
Toys R Us [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in net loss (income) of partially owned entities including Toys "R" Us	35,102	(97,281)
All Equity Method Investees Excluding Toys [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in net loss (income) of partially owned entities including Toys "R" Us	$ (22,238)	$ (32,223)

Consolidated Statements of Cash Flows (Parentheticals) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Consolidated Statements of Cash Flows Parentheticals [Abstract]
Cash paid for capitalized interest	$ 17,492	$ 361

Organization

6 Months Ended

Jun. 30, 2013

Organization and Business [Abstract]

Organization And Business

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”). Vornado is the sole general partner of, and owned approximately 94.0% of the common limited partnership interest in the Operating Partnership at June 30, 2013. 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

6 Months Ended

Jun. 30, 2013

Basis of Presentation and Significant Accounting Policies [Abstract]

Basis Of Presentation And Significant Accounting Policies

2. Basis of Presentation

The accompanying consolidated financial statements are unaudited and include the accounts of Vornado and its consolidated subsidiaries, including the Operating Partnership. 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, for the year ended December 31, 2012, 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 six months ended June 30, 2013 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

6 Months Ended

Jun. 30, 2013

Recently Issued Accounting Literature [Abstract]

Recently Issued Accounting Literature

3. Recently Issued Accounting Literature

In February 2013, the Financial Accounting Standards Board (“FASB”) issued an update (“ASU 2013-02”) to Accounting Standards Codification (“ASC”) Topic 220, Comprehensive Income (“Topic 220”). ASU 2013-02 requires additional disclosures regarding significant reclassifications out of each component of accumulated other comprehensive income, including the effect on the respective line items of net income for amounts that are required to be reclassified into net income in their entirety and cross-references to other disclosures providing additional information for amounts that are not required to be reclassified into net income in their entirety. The adoption of this update as of January 1, 2013, did not have a material impact on our consolidated financial statements, but resulted in additional disclosures (see Note 13 - Accumulated Other Comprehensive Income).

In June 2013, the FASB issued an update (“ASU 2013-08”) to ASC Topic 946, Financial Services - Investment Companies (“Topic 946”). ASU 2013-08 amends the guidance in Topic 946 for determining whether an entity qualifies as an investment company and requires certain additional disclosures. ASU 2013-08 is effective for interim and annual reporting periods in fiscal years that begin after December 15, 2013. We are currently evaluating the impact, if any, of ASU 2013-08 on our real estate fund and our consolidated financial statements.

- Definition

The entire 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 Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 2: 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 3: 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 4: 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 5: 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 6: 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 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
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22499-107794

Reference 9: 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 10: 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 11: 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

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 01
-Paragraph b
-Subparagraph 6
-Article 10

+ Details

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

6 Months Ended

Jun. 30, 2013

Real Estate Fund [Abstract]

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

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

We are the general partner and investment manager of our $800,000,000 Fund, to which we committed $200,000,000. The Fund has an eight-year term and a three-year investment period which ended in July 2013. During the investment period, the Fund was 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.

At June 30, 2013, the Fund had ten investments with an aggregate fair value of $622,124,000, or $114,751,000 in excess of cost, and had remaining unfunded commitments of $246,582,000, of which our share was $61,645,000. Below is a summary of income from the Fund for the three and six months ended June 30, 2013 and 2012.

		For the Three Months				For the Six Months
(Amounts in thousands)		Ended June 30,				Ended June 30,
		2013		2012		2013		2012
Net investment income (loss)		$	877	$	(834)	$	3,925	$	4,084
Net unrealized gains			33,593		21,135		47,109		27,979
Income from Real Estate Fund			34,470		20,301		51,034		32,063
Less (income) attributable to noncontrolling interests			(14,359)		(12,306)		(23,899)		(20,239)
Income from Real Estate Fund attributable to Vornado ⁽¹⁾		$	20,111	$	7,995	$	27,135	$	11,824
___________________________________
___________________________________
(1)	Excludes management, leasing and development fees of $827 and $717 for the three months ended June 30, 2013 and 2012, respectively, and $1,676 and $1,420 for the six months ended June 30, 2013 and 2012, respectively, which are included as a component of "fee and other income" on our consolidated statements of income.

Mortgage and Mezzanine Loans Receivable

6 Months Ended

Jun. 30, 2013

Mezzanine Loans Receivable [Abstract]

Mortgage and Mezzanine Loans Receivable

5. Mortgage and Mezzanine Loans Receivable

As of June 30, 2013 and December 31, 2012, the carrying amount of mortgage and mezzanine loans receivable was $175,699,000 and $225,359,000, respectively. These loans have a weighted average interest rate of 10.8% and 10.3% at June 30, 2013 and December 31, 2012, respectively, and have maturities ranging from August 2014 to May 2016.

On March 27, 2013, we transferred, at par, a 25% participation in a mortgage loan on 701 Seventh Avenue to a third party for $59,375,000 in cash. We acquired this participation in October 2012, together with a 25% interest in a mezzanine loan on the property. The transfer did not qualify for sale accounting given our continuing interest in the mezzanine loan. Accordingly, we continue to include the 25% participation in the mortgage loan in “Mortgage and Mezzanine Loans Receivable” and have recorded a $59,375,000 liability in “Other Liabilities” on our consolidated balance sheet.

On April 17, 2013, a $50,091,000 mezzanine loan that was scheduled to mature in August 2015, was repaid. In connection therewith, we received net proceeds of $55,358,000, including prepayment penalties, which resulted in income of $5,267,000, included in “interest and other investment income (loss)” on our consolidated statement of income.

Marketable Securities and Derivative Instruments

6 Months Ended

Jun. 30, 2013

Derivative Instruments and Marketable Securities [Abstract]

Derivative Instrument and Marketable Securities

6. Marketable Securities and Derivative Instruments

Our portfolio of marketable securities is comprised of equity securities that are classified as available for sale. Available for sale securities are presented on our consolidated balance sheets at fair value. Unrealized gains and losses resulting from the mark-to-market of these securities are included in “other comprehensive income (loss).” Realized 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.

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

On March 4, 2013, we sold 10,000,000 J.C. Penney common shares at a price of $16.03 per share, or $160,300,000 in the aggregate, resulting in a net loss of $36,800,000, which is included in “net gain (loss) on disposition of wholly owned and partially owned assets” on our consolidated statement of income. In addition, in the first quarter of 2013, we wrote down the remaining 8,584,010 J.C. Penney common shares we own to fair value and recorded a $39,487,000 impairment loss, which is included in “interest and other investment income (loss), net” on our consolidated statement of income.

As of June 30, 2013, we own an economic interest in 13,400,000 J.C. Penney common shares, or 6.1% of its outstanding common shares. Below are the details of our investment.

We own 8,584,010 common shares at a GAAP cost of $15.11, per share, or $129,704,000 in the aggregate. As of June 30, 2013, these shares have an aggregate fair value of $146,615,000, based on J.C. Penney's closing share price of $17.08 per share.

We also own an economic interest in 4,815,990 common shares through a forward contract at a weighted average strike price of $29.27 per share, or $140,947,000 in the aggregate. The forward 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 six months ended June 30, 2013, we recognized income of $9,065,000 and a loss of $13,475,000, respectively, from the mark-to-market of the underlying common shares, and as of June 30, 2013, have funded $69,377,000 in connection with this derivative position. In the three and six months ended June 30, 2012, we recognized losses of $58,732,000 and $57,687,000, respectively, from the mark-to-market of the underlying common shares.

As of June 30, 2013, the aggregate economic net loss on our investment in J.C. Penney, including shares sold, was $201,119,000.

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

From the inception of our investment in Lexington in 2008, until the first quarter of 2013, we accounted for that investment under the equity method because of our ability to exercise significant influence over Lexington's operating and financial policies. As a result of Lexington's common share issuances, our ownership interest has been reduced over time from approximately 17.2% to 8.8% at March 31, 2013. In the first quarter of 2013, we concluded that we no longer have the ability to exercise significant influence over Lexington's operating and financial policies, and began accounting for this investment as a marketable equity security – available for sale, in accordance with Accounting Standards Codification (“ASC”) Topic 320, Investments – Debt and Equity Securities.

Below is a summary of our marketable securities portfolio as of June 30, 2013 and December 31, 2012.

(Amounts in thousands)		As of June 30, 2013						As of December 31, 2012
				GAAP		Unrealized				GAAP		Unrealized
		Fair Value		Cost		Gain		Fair Value		Cost		Gain
Equity securities:
	Lexington	$	215,718	$	72,549	$	143,169	$	-	$	-	$	-
	J.C. Penney		146,615		129,704		16,911		366,291		366,291		-
	Other		40,602		12,112		28,490		31,897		12,465		19,432
		$	402,935	$	214,365	$	188,570	$	398,188	$	378,756	$	19,432

Investments in Partially Owned Entities

6 Months Ended

Jun. 30, 2013

Equity Method Investments and Joint Ventures [Abstract]

Investments in Partially Owned Entities

7. Investments in Partially Owned Entities

Toys “R” Us (“Toys”)

As of June 30, 2013, we own 32.6% of Toys. We account for our investment in Toys under the equity method and record our 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. The business of Toys is highly seasonal. Historically, Toys' fourth quarter net income accounts for more than 80% of its fiscal year net income.

In the fourth quarter of 2012, we recorded a $40,000,000 non-cash impairment loss on our investment in Toys and disclosed, that if current facts don't change, our share of Toys' undistributed income, which in accordance with the equity method of accounting, would increase the carrying amount of our investment above fair value, would require an offsetting impairment loss.

In the first quarter of 2013, we recognized our share of Toys' fourth quarter net income of $78,542,000 and a corresponding non-cash impairment loss of the same amount.

As of June 30, 2013, the carrying amount of our investment in Toys is less than our share of Toys' equity by approximately $146,215,000. This basis difference resulted primarily from the non-cash impairment losses aggregating $118,542,000 that were recognized in 2012 and 2013. We have allocated the basis difference to Toys' intangible assets (primarily trade names and trademarks). The basis difference is not being amortized and will be recognized upon disposition of our investment.

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

(Amounts in thousands)						Balance as of
Balance Sheet:						May 4, 2013		October 27, 2012
	Assets					$	11,303,000	$	12,953,000
	Liabilities						9,475,000		11,190,000
	Noncontrolling interests						67,000		44,000
	Toys “R” Us, Inc. equity						1,761,000		1,719,000

		For the Three Months Ended				For the Six Months Ended
Income Statement:		May 4, 2013		April 28, 2012		May 4, 2013		April 28, 2012
	Total revenues	$	2,408,000	$	2,612,000	$	8,178,000	$	8,537,000
	Net (loss) income attributable to Toys		(119,000)		(66,000)		122,000		283,000

7. Investments in Partially Owned Entities – continued

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

As of June 30, 2013, 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 June 30, 2013, Alexander's owed us $44,883,000 in fees under these agreements.

As of June 30, 2013, the market value (“fair value” pursuant to ASC 820) of our investment in Alexander's, based on Alexander's June 30, 2013 closing share price of $293.71, was $485,816,000, or $315,635,000 in excess of the carrying amount on our consolidated balance sheet. As of June 30, 2013, 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 $43,292,000. 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 depreciation 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.

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

(Amounts in thousands)						Balance as of
Balance Sheet:						June 30, 2013		December 31, 2012
	Assets					$	1,469,000	$	1,482,000
	Liabilities						1,136,000		1,150,000
	Stockholders' equity						333,000		332,000

		For the Three Months Ended				For the Six Months Ended
Income Statement:		June 30, 2013		June 30, 2012		June 30, 2013		June 30, 2012
	Total revenues	$	47,000	$	47,000	$	96,000	$	94,000
	Net income attributable to Alexander’s		13,000		19,000		27,000		38,000

LNR Property LLC (“LNR”)

In the first quarter of 2013, we recognized our 26.2% share of LNR's fourth quarter net income of $18,731,000, which increased the carrying amount of our investment to approximately $241,000,000. On April 22, 2013, LNR was sold for $1.053 billion, and we received net proceeds of $241,000,000 for our interest. Pursuant to the sale agreement, we ceased receiving income as of January 1, 2013.

7. Investments in Partially Owned Entities – continued

Independence Plaza

On December 21, 2012, we acquired a 58.75% economic interest in Independence Plaza, a three-building 1,328 unit residential complex in the Tribeca submarket of Manhattan (the “Property”). We determined, at that time, that we were the primary beneficiary of the variable interest entity (“VIE”) that owned the Property. Accordingly, we consolidated the operations of the Property from the date of acquisition. Upon consolidation, our preliminary purchase price allocation was primarily to land ($309,848,000) and building ($527,578,000). Based on a third party appraisal and additional information about facts and circumstances that existed at the acquisition date, which was obtained subsequent to the date of acquisition, we finalized the purchase price allocation in the first quarter of 2013, and retroactively adjusted our December 31, 2012 consolidated balance sheet as follows:

(Amounts in thousands)
Land	$	602,662
Building and improvements		252,844
Acquired above-market leases (included in identified intangible assets)		13,115
Acquired in-place leases (included in identified intangible assets)		67,879
Other assets		7,374
Acquired below-market leases (included in deferred revenue)		(99,074)
Purchase price	$	844,800

On June 7, 2013, the existing $323,000,000 mortgage loan was refinanced with a $550,000,000 five-year, fixed-rate interest only mortgage loan bearing interest at 3.48%. The net proceeds of $219,000,000, after repaying the existing loan and closing costs, were distributed to the partners, of which our share was $137,000,000. Simultaneously with the refinancing, we sold an 8.65% economic interest in the Property to our partner for $41,000,000 in cash, which reduced our economic interest to 50.1%. As a result of this transaction, we determined that we are no longer the primary beneficiary of the VIE. Accordingly, we deconsolidated the operations of the Property on June 7, 2013 and began accounting for our investment under the equity method.

7. Investments in Partially Owned Entities – continued

Below is a schedule of our investments in partially owned entities as of June 30, 2013 and December 31, 2012.

			Percentage
(Amounts in thousands)			Ownership at		Balance as of
Investments:			June 30, 2013		June 30, 2013		December 31, 2012
Toys				32.6%	$	417,764	$	478,041

Alexander’s				32.4%	$	170,181	$	171,013

Lexington⁽¹⁾				n/a		-		75,542

LNR⁽²⁾				n/a		-		224,724

India real estate ventures				4.0%-36.5%		90,717		95,516

Partially owned office buildings:
	280 Park Avenue			49.5%		207,956		197,516
	Rosslyn Plaza			43.7%-50.4%		60,345		62,627
	West 57th Street properties			50.0%		56,696		57,033
	One Park Avenue			30.3%		54,367		50,509
	666 Fifth Avenue Office Condominium			49.5%		38,664		35,527
	330 Madison Avenue			25.0%		32,766		30,277
	Warner Building			55.0%		11,754		8,775
	Fairfax Square			20.0%		5,242		5,368
	Other partially owned office buildings			Various		9,508		9,315

Other investments:
	Independence Plaza (includes $26,679 attributable
		to non-controlling interests)⁽³⁾		50.1%		166,569		-
	Monmouth Mall			50.0%		7,248		7,205
	Downtown Crossing, Boston⁽⁴⁾			n/a		-		48,122
	Other investments⁽⁵⁾			Various		119,631		147,187
					$	1,031,644	$	1,226,256



(1)		In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale (see page 12 for details).

(2)		On April 22, 2013, LNR was sold (see page 14 for details).

(3)		On June 7, 2013, we sold an 8.65% economic interest in the property (see page 15 for details).

(4)		On April 24, 2013, the joint venture sold the site in Downtown Crossing, Boston (see note 3 on page 17 for details).

(5)		Includes interests in 85 10th Avenue, Fashion Centre Mall, 50-70 West 93rd Street 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 six months ended June 30, 2013 and 2012.

			Percentage	For the Three Months				For the Six Months
(Amounts in thousands)			Ownership	Ended June 30,				Ended June 30,
Our Share of Net Income (Loss):			June 30, 2013	2013		2012		2013		2012
Toys:			32.6%
	Equity in net (loss) income before income taxes			$	(64,372)	$	(35,664)	$	73,516	$	121,723
	Income tax benefit (expense)				25,664		14,103		(33,682)		(29,100)
	Equity in net (loss) income				(38,708)		(21,561)		39,834		92,623
	Non-cash impairment loss (see page 13 for details)				-		-		(78,542)		-
	Management fees				1,847		2,371		3,606		4,658
				$	(36,861)	$	(19,190)	$	(35,102)	$	97,281

Alexander’s:			32.4%
	Equity in net income			$	4,077	$	5,941	$	8,486	$	12,073
	Management, leasing and development fees				1,674		1,907		3,341		3,796
					5,751		7,848		11,827		15,869

Lexington⁽¹⁾			n/a		-		(236)		(979)		694

LNR⁽²⁾			n/a		-		9,469		18,731		22,719

India real estate ventures			4.0%-36.5%		(414)		(3,815)		(1,181)		(4,608)

Partially owned office buildings:
	280 Park Avenue		49.5%		(2,021)		(1,955)		(4,590)		(7,550)
	Warner Building		55.0%		(1,996)		(1,589)		(4,342)		(4,599)
	666 Fifth Avenue Office Condominium		49.5%		1,899		1,785		3,918		3,500
	330 Madison Avenue		25.0%		1,185		18		2,489		812
	Rosslyn Plaza		43.7%-50.4%		(1,005)		145		(1,451)		303
	1101 17th Street		55.0%		236		646		620		1,329
	West 57th Street properties		50.0%		196		252		368		565
	One Park Avenue		30.3%		(83)		303		374		634
	Fairfax Square		20.0%		(18)		(40)		(63)		(52)
	Other partially owned office buildings		Various		565		555		1,053		1,082
					(1,042)		120		(1,624)		(3,976)

Other investments:
	Independence Plaza (see page 15 for details)		50.1%		(1,118)		1,733		(1,118)		3,415
	Monmouth Mall		50.0%		426		298		1,285		660
	Downtown Crossing, Boston⁽³⁾		n/a		16		(500)		(2,358)		(834)
	Other investments⁽⁴⁾		Various		(2,147)		(2,354)		(2,345)		(1,716)
					(2,823)		(823)		(4,536)		1,525

				$	1,472	$	12,563	$	22,238	$	32,223


(1)		In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale (see page 12 for details).

(2)		On April 22, 2013, LNR was sold (see page 14 for details).

(3)		On April 24, 2013, the joint venture sold the site in Downtown Crossing, Boston, and we received approximately $45,000 for our 50% interest. In connection therewith, we recognized a $2,335 impairment loss in the first quarter.

(4)		Includes interests in 85 10th Avenue, Fashion Centre Mall, 50-70 West 93rd Street and others.

7. Investments in Partially Owned Entities – continued

Below is a summary of the debt of our partially owned entities as of June 30, 2013 and December 31, 2012, none of which is recourse to us.

			Percentage		Interest	100% of
			Ownership at		Rate at	Partially Owned Entities’ Debt at
(Amounts in thousands)			June 30,		June 30,	June 30,		December 31,
			2013	Maturity	2013	2013		2012
Toys:			32.6%
	Notes, loans and mortgages payable			2014-2021	7.83%	$	5,158,005	$	5,683,733

Alexander's:			32.4%
	Mortgages payable			2014-2018	3.85%	$	1,058,028	$	1,065,916

Lexington⁽¹⁾:			n/a
	Mortgages payable			n/a	n/a	$	-	$	1,994,179

LNR⁽²⁾:			n/a
	Mortgages payable			n/a	n/a	$	-	$	309,787
	Liabilities of consolidated CMBS and CDO trusts			n/a	n/a		-		97,211,734
						$	-	$	97,521,521

Partially owned office buildings:
	666 Fifth Avenue Office Condominium mortgage
		payable	49.5%	02/19	6.76%	$	1,139,585	$	1,109,700
	280 Park Avenue mortgage payable		49.5%	06/16	6.64%		738,462		738,228
	Warner Building mortgage payable		55.0%	05/16	6.26%		292,700		292,700
	One Park Avenue mortgage payable		30.3%	03/16	5.00%		250,000		250,000
	330 Madison Avenue mortgage payable		25.0%	06/15	1.69%		150,000		150,000
	Fairfax Square mortgage payable		20.0%	12/14	7.00%		69,681		70,127
	1101 17th Street mortgage payable		55.0%	01/15	1.44%		31,000		31,000
	Rosslyn Plaza		43.7%-50.4%	03/18	2.69%		20,984		-
	West 57th Street properties mortgages payable		50.0%	02/14	4.94%		19,899		20,434
	Other		Various	Various	6.37%		69,424		69,704
						$	2,781,735	$	2,731,893

India Real Estate Ventures:
	TCG Urban Infrastructure Holdings mortgages
		payable	25.0%	2013-2022	13.62%	$	222,016	$	236,579

Other:
	Independence Plaza (see page 15 for details)		50.1%	06/18	3.48%		550,000		-
	Monmouth Mall mortgage payable		50.0%	09/15	5.44%		158,882		159,896
	Other⁽³⁾		Various	Various	5.00%		970,518		990,647
						$	1,679,400	$	1,150,543


(1)		In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale (see page 12 for details).

(2)		On April 22, 2013, LNR was sold (see page 14 for details).

(3)		Includes interests in Fashion Centre Mall, 50-70 West 93rd Street 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 $3,831,483,000 and $29,443,128,000 at June 30, 2013 and December 31, 2012, respectively. Excluding our pro rata share of LNR's liabilities related to consolidated CMBS and CDO trusts, which were non-recourse to LNR and its equity holders, including us, our pro rata share of partially owned entities debt was $3,998,929,000 at December 31, 2012.

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References + Details

Discontinued Operations

6 Months Ended

Jun. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

8. Discontinued Operations

2013 Activity:

On January 24, 2013, we completed the sale of the Green Acres Mall located in Valley Stream, New York, for $500,000,000. The sale resulted in net proceeds of $185,000,000, after repaying the existing loan and closing costs, and a net gain of $202,275,000.

On April 15, 2013, we sold The Plant, a power strip shopping center in San Jose, California, for $203,000,000. The sale resulted in net proceeds of $98,000,000, after repaying the existing loan and closing costs, and a net gain of $32,169,000.

On April 15, 2013, we sold a retail property in Philadelphia, which is a part of the Gallery at Market Street, for $60,000,000. The sale resulted in net proceeds of $58,000,000, and a net gain of $33,058,000.

During 2013, we sold an additional 10 properties, including nine non-core retail properties, in separate transactions, for an aggregate of $40,200,000, in cash, which resulted in a net gain aggregating $492,000.

2012 Activity:

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.

During 2012, we sold 11 non-core retail properties in separate transactions, for an aggregate of $136,000,000, in cash, which resulted in a net gain aggregating $17,802,000.

We have reclassified the revenues and expenses of all of the properties discussed above, as well as certain 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 June 30, 2013 and December 31, 2012 and their combined results of operations for the three and six months ended June 30, 2013 and 2012.

		Assets Related to				Liabilities Related to
(Amounts in thousands)		Discontinued Operations as of				Discontinued Operations as of
		June 30,		December 31,		June 30,		December 31,
		2013		2012		2013		2012
Retail properties		$	56,348	$	568,501	$	2,677	$	423,163
Other properties			7,225		33,499		-		-
Total		$	63,573	$	602,000	$	2,677	$	423,163

		For the Three Months				For the Six Months
(Amounts in thousands)		Ended June 30,				Ended June 30,
		2013		2012		2013		2012
Total revenues		$	4,668	$	45,286	$	29,391	$	106,134
Total expenses			3,850		30,802		22,256		76,096
			818		14,484		7,135		30,038
Net gains on sale of:
	901 Market Street, Philadelphia		33,058		-		33,058		-
	The Plant		32,169		-		32,169		-
	Green Acres Mall		-		-		202,275		-
	350 West Mart Center		-		-		-		54,911
	Other real estate		438		16,896		492		17,802
Impairment losses			(2,493)		(13,511)		(4,007)		(13,511)
Income from discontinued operations		$	63,990	$	17,869	$	271,122	$	89,240

- 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 Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 2: 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

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760

Reference 4: 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 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759

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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228

Reference 9: 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 10: 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.

+ Details

Identified Intangible Assets and Liabilities

6 Months Ended

Jun. 30, 2013

Identified Intangible Assets and Liabilities [Abstract]

Identified Intangible Assets and Intangible Liabilities

9. Identified Intangible Assets and Liabilities

The following summarizes our identified intangible assets (primarily acquired in-place and above-market leases) and liabilities (primarily acquired below-market leases) as of June 30, 2013 and December 31, 2012.

	Balance as of
	June 30,		December 31,
(Amounts in thousands)	2013		2012
Identified intangible assets:
Gross amount	$	654,964	$	753,022
Accumulated amortization		(365,854)		(346,664)
Net	$	289,110	$	406,358
Identified intangible liabilities (included in deferred revenue):
Gross amount	$	816,671	$	902,525
Accumulated amortization		(363,687)		(341,536)
Net	$	452,984	$	560,989

Amortization of acquired below-market leases, net of acquired above-market leases, resulted in an increase to rental income of $11,672,000 and $12,570,000 for the three months ended June 30, 2013 and 2012, respectively, and $28,506,000 and $26,313,000 for the six months ended June 30, 2013 and 2012, 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, 2014 is as follows:

(Amounts in thousands)
2014	$	41,069
2015		38,263
2016		36,321
2017		30,936
2018		29,171

Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $16,992,000 and $12,807,000 for the three months ended June 30, 2013 and 2012, respectively, and $42,086,000 and $24,024,000 for the six months ended June 30, 2013 and 2012, 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, 2014 is as follows:

(Amounts in thousands)
2014	$	27,533
2015		22,369
2016		19,189
2017		16,029
2018		11,830

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 $1,622,000 and $312,000 for the three months ended June 30, 2013 and 2012, respectively, and $2,723,000 and $582,000 for the six months ended June 30, 2013 and 2012, respectively. Estimated annual amortization of these below-market leases, net of above-market leases for each of the five succeeding years commencing January 1, 2014 is as follows:

(Amounts in thousands)
2014	$	3,921
2015		3,921
2016		3,921
2017		3,921
2018		3,921

- 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

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Debt

10. Debt

The following is a summary of our debt:

				Interest
(Amounts in thousands)				Rate at	Balance at
				June 30,	June 30,		December 31,
Mortgages payable:			Maturity (1)	2013	2013		2012
Fixed rate:
	New York:
		1290 Avenue of the Americas (70% owned)	11/22	3.34%	$	950,000	$	950,000
		Two Penn Plaza	03/18	5.13%		425,000		425,000
		666 Fifth Avenue Retail Condominium⁽²⁾	03/23	3.61%		390,000		-
		770 Broadway	03/16	5.65%		353,000		353,000
		888 Seventh Avenue	01/16	5.71%		318,554		318,554
		350 Park Avenue	01/17	3.75%		300,000		300,000
		909 Third Avenue	04/15	5.64%		197,069		199,198
		828-850 Madison Avenue Retail Condominium	06/18	5.29%		80,000		80,000
		510 Fifth Avenue	01/16	5.60%		30,998		31,253

	Washington, DC:
		Skyline Properties⁽³⁾	02/17	5.74%		725,559		704,957
		River House Apartments	04/15	5.43%		195,546		195,546
		2101 L Street	08/24	3.97%		150,000		150,000
		2121 Crystal Drive	03/23	5.51%		149,506		150,000
		1215 Clark Street, 200 12th Street and 251 18th Street	01/25	7.09%		104,522		105,724
		Bowen Building	06/16	6.14%		115,022		115,022
		West End 25	06/21	4.88%		101,671		101,671
		Universal Buildings	04/14	6.54%		90,633		93,226
		2011 Crystal Drive	08/17	7.30%		79,129		79,624
		220 20th Street	02/18	4.61%		73,312		73,939
		1550 and 1750 Crystal Drive	11/14	7.08%		72,592		74,053
		2231 Crystal Drive	n/a	n/a		-		41,298
		1225 Clark Street	n/a	n/a		-		24,834

	Retail Properties:
		Cross-collateralized mortgages on 40 strip shopping centers	09/20	4.25%		566,886		573,180
		Bergen Town Center⁽⁴⁾	04/23	3.56%		300,000		-
		Montehiedra Town Center⁽⁵⁾	07/16	6.04%		120,000		120,000
		North Bergen (Tonnelle Avenue)	01/18	4.59%		75,000		75,000
		Las Catalinas Mall	11/13	6.97%		53,308		54,101
		Broadway Mall	n/a	n/a		-		85,180
		Other	06/14-05/36	5.12%-7.30%		85,789		86,641

	Other:
		555 California Street (70% owned)	09/21	5.10%		600,000		600,000
		Merchandise Mart	12/16	5.57%		550,000		550,000
		Borgata Land	02/21	5.14%		59,717		60,000
Total fixed rate mortgages payable				4.91%	$	7,312,813	$	6,771,001
___________________
	See notes on page 23.

10. Debt - continued

					Interest
(Amounts in thousands)					Rate at	Balance at
				Spread over	June 30,	June 30,		December 31,
Mortgages payable:			Maturity (1)	LIBOR	2013	2013		2012
Variable rate:
	New York:
		Eleven Penn Plaza	01/19	L+235	2.54%	$	330,000	$	330,000
		100 West 33rd Street - office and retail	03/17	L+250	2.69%		325,000		325,000
		4 Union Square South - retail	11/19	L+215	2.34%		120,000		120,000
		435 Seventh Avenue - retail	08/19	L+225	2.44%		98,000		98,000
		866 UN Plaza	05/16	L+125	1.44%		44,978		44,978
		Independence Plaza	n/a	n/a	n/a		-		334,225

	Washington, DC:
		River House Apartments	04/18	n/a⁽⁶⁾	1.55%		64,000		64,000
		2200 / 2300 Clarendon Boulevard	01/15	L+75	0.94%		44,325		47,353
		1730 M and 1150 17th Street	06/14	L+140	1.59%		43,581		43,581

	Retail:
		Cross-collateralized mortgages on 40 strip
		shopping centers ⁽⁷⁾	09/20	L+136⁽⁷⁾	2.36%		60,000		60,000
		Bergen Town Center⁽⁴⁾	n/a	n/a	n/a		-		282,312
		Other	05/15	L+325	3.45%		16,126		19,126

	Other:
		220 Central Park South	10/13	L+275	2.94%		123,750		123,750
	Total variable rate mortgages payable				2.42%		1,269,760		1,892,325
	Total mortgages payable				4.55%	$	8,582,573	$	8,663,326

Senior unsecured notes:
	Senior unsecured notes due 2015		04/15		4.25%	$	499,710	$	499,627
	Senior unsecured notes due 2039 ⁽⁸⁾		10/39		7.88%		460,000		460,000
	Senior unsecured notes due 2022		01/22		5.00%		398,472		398,381
	Total senior unsecured notes				5.70%	$	1,358,182	$	1,358,008

Unsecured revolving credit facilities:
	$1.25 billion unsecured revolving credit facility		11/16	L+125	-	$	-	$	1,150,000
	$1.25 billion unsecured revolving credit facility
		($22,053 reserved for outstanding letters of credit) ⁽⁹⁾	06/18	L+115	1.32%		83,982		20,000
	Total unsecured revolving credit facilities				1.32%	$	83,982	$	1,170,000
___________________________
	See notes on the following page.

10. 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 February 20, 2013, we completed a $390,000 financing of this property. The 10-year fixed-rate interest only loan bears interest at 3.61%. This property was previously unencumbered.

	(3)	In 2012, due to the rising vacancy rate at the Skyline properties (45.2% at June 30, 2013), primarily from the effects of the Base Realignment and Closure statute; insufficient cash flows to pay current obligations, including interest payments to the lender; and the significant amount of capital required to re-tenant these properties, we requested that the mortgage loan be transferred to the special servicer. In connection therewith, we entered into a forbearance agreement with the special servicer, that provides for interest shortfalls to be deferred and added to the principal balance of the loan and not give rise to a loan default. The forbearance agreement has been amended and extended a number of times, the latest of which extends its maturity through September 1, 2013. As of June 30, 2013, the accrued deferred interest amounted to $47,559. We continue to negotiate with the special servicer to restructure the terms of the loan.

	(4)	On March 25, 2013, we completed a $300,000 financing of this property. The 10-year fixed-rate interest only loan bears interest at 3.56%. The property was previously encumbered by a $282,000 floating-rate loan.

	(5)	On May 13, 2013, we notified the lender that due to tenants vacating, the property's operating cash flow will be insufficient to pay the debt service; accordingly, at our request, the mortgage loan was transferred to the special servicer. We are in discussions with the special servicer to restructure the terms of the loan; there can be no assurance as to the timing and ultimate resolution of these discussions.

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

	(7)	LIBOR floor of 1.00%.

	(8)	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.

	(9)	On March 28, 2013, we extended this revolving credit facility from June 2015 to June 2017, with two six-month extension options. The interest on the extended facility was reduced from LIBOR plus 135 basis points to LIBOR plus 115 basis points. In addition, the facility fee was reduced from 30 basis points to 20 basis points.

- 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

6 Months Ended

Jun. 30, 2013

Redeemable Noncontrolling Interests [Abstract]

Redeemable Noncontrolling Interests

11. Redeemable Noncontrolling Interests

Redeemable noncontrolling interests on our consolidated balance sheets are primarily comprised of Class A Operating Partnership units held by third parties. 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, 2011	$	1,160,677
Net income		24,355
Distributions		(24,457)
Redemption of Class A units for common shares, at redemption value		(24,976)
Adjustments to carry redeemable Class A units at redemption value		110,581
Other, net		(9,355)
Balance at June 30, 2012	$	1,236,825

Balance at December 31, 2012	$	944,152
Net income		23,916
Distributions		(17,541)
Redemption of Class A units for common shares, at redemption value		(14,980)
Adjustments to carry redeemable Class A units at redemption value		29,393
Redemption of Series D-15 redeemable units		(36,900)
Other, net		12,948
Balance at June 30, 2013	$	940,988

As of June 30, 2013 and December 31, 2012, the aggregate redemption value of redeemable Class A units was $939,988,000 and $898,152,000, 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 $55,073,000 and $55,011,000 as of June 30, 2013 and December 31, 2012, respectively.

On May 9, 2013, we redeemed all of the outstanding 6.875% Series D-15 Cumulative Redeemable Preferred Units with an aggregate face amount of $45,000,000 for $36,900,000 in cash, plus accrued and unpaid distributions through the date of redemption.

Shareholders Equity

6 Months Ended

Jun. 30, 2013

Shareholders' Equity [Abstract]

Shareholders' Equity

12. Shareholders' Equity

On January 25, 2013, we sold 12,000,000 5.40% Series L 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 $290,536,000, after underwriters' discounts and issuance costs, and contributed the net proceeds to the Operating Partnership in exchange for 12,000,000 Series L Preferred Units (with economic terms that mirror those of the Series L Preferred Shares). Dividends on the Series L Preferred Shares are cumulative and payable quarterly in arrears. The Series L 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 L Preferred Shares at a redemption price of $25.00 per share, plus accrued and unpaid dividends through the date of redemption. The Series L Preferred Shares have no maturity date and will remain outstanding indefinitely unless redeemed by us.

On February 19, 2013, we redeemed all of the outstanding 6.75% Series F Cumulative Redeemable Preferred Shares and 6.75% Series H Cumulative Redeemable Preferred Shares at par, for an aggregate of $262,500,000 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 FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
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-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section B
-Paragraph 7, 11A
-Chapter 1
-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 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 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 15
-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 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 20: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Article 4

Reference 21: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Reference 22: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 129
-Paragraph 2, 3, 4, 5, 6, 7, 8
-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 23: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income Disclosure [Text Block]

13. Accumulated Other Comprehensive Income

The following tables set forth the changes in accumulated other comprehensive income (loss) (“OCI”) by component.

		For the Three Months Ended June 30, 2013
				Securities		Pro rata share of		Interest
				available-		nonconsolidated		rate
(Amounts in thousands)		Total		for-sale		subsidiaries' OCI		swap		Other
Balance as of March 31, 2013		$	120,953	$	168,221	$	7,666	$	(47,542)	$	(7,392)
Other comprehensive income (loss)⁽¹⁾			11,941		20,349		(19,707)		12,037		(738)
Balance as of June 30, 2013		$	132,894	$	188,570	$	(12,041)	$	(35,505)	$	(8,130)


(1)	In the three months ended June 30, 2013, there were no amounts reclassified from accumulated other comprehensive income.


		For the Six Months Ended June 30, 2013
				Securities		Pro rata share of		Interest
				available-		nonconsolidated		rate
(Amounts in thousands)		Total		for-sale		subsidiaries' OCI		swap		Other
Balance as of December 31, 2012		$	(18,946)	$	19,432	$	11,313	$	(50,065)	$	374
Other comprehensive income (loss)⁽¹⁾			151,840		169,138		(23,354)		14,560		(8,504)
Balance as of June 30, 2013		$	132,894	$	188,570	$	(12,041)	$	(35,505)	$	(8,130)


(1)	In the six months ended June 30, 2013, there were no amounts reclassified from accumulated other comprehensive income.

Variable Interest Entities

6 Months Ended

Jun. 30, 2013

Variable Interest Entities [Abstract]

Variable Interest Entities [Text Block]

14. Variable Interest Entities (“VIEs”)

Consolidated VIEs

The entity that owns Independence Plaza was a consolidated VIE at December 31, 2012. On June 7, 2013, we sold a portion of our economic interest in this entity and determined that we are no longer its primary beneficiary. Accordingly, we deconsolidated this VIE (see Note 7 – Investments in Partially Owned Entities). The table below summarizes the assets and liabilities of the VIE at December 31, 2012. The liabilities were secured only by the assets of the VIE, and were non-recourse to us.

	As of June 30,		As of December 31,
(Amounts in thousands)	2013		2012
Total assets	$	-	$	957,730

Total liabilities	$	-	$	443,894

Noncontrolling interest	$	-	$	193,933

Unconsolidated VIEs

At June 30, 2013, we have unconsolidated VIEs comprised of our investments in the entities that own the Warner Building and Independence Plaza. We do not consolidate these entities because we are not the primary beneficiary and the nature of our involvement in the activities of these entities does not give us power over decisions that significantly affect these entities' economic performance. We account for our investment in these entities under the equity method (see Note 7 – Investments in Partially Owned Entities). As of June 30, 2013, the net carrying amount of our investment in these entities was $151,644,000, and at December 31, 2012, the carrying amount of our investment in the Warner Building was $8,775,000. Our maximum exposure to loss in these entities, is limited to our investment.

Fair Value Measurements

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements

15. 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 on a Recurring Basis

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 June 30, 2013 and December 31, 2012, respectively.

		As of June 30, 2013
(Amounts in thousands)		Total		Level 1		Level 2		Level 3
Marketable securities		$	402,935	$	402,935	$	-	$	-
Real Estate Fund investments (75% of which is attributable to
	noncontrolling interests)		622,124		-		-		622,124
Deferred compensation plan assets (included in other assets)			111,093		44,591		-		66,502
J.C. Penney derivative position (included in other assets)⁽¹⁾			10,687		-		10,687		-
	Total assets	$	1,146,839	$	447,526	$	10,687	$	688,626

Mandatorily redeemable instruments (included in other liabilities)		$	55,073	$	55,073	$	-	$	-
Interest rate swap (included in other liabilities)			35,505		-		35,505		-
	Total liabilities	$	90,578	$	55,073	$	35,505	$	-


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

		As of December 31, 2012
(Amounts in thousands)		Total		Level 1		Level 2		Level 3
Marketable securities		$	398,188	$	398,188	$	-	$	-
Real Estate Fund investments (75% of which is attributable to
	noncontrolling interests)		600,786		-		-		600,786
Deferred compensation plan assets (included in other assets)			105,200		42,569		-		62,631
J.C. Penney derivative position (included in other assets)⁽¹⁾			11,165		-		11,165		-
	Total assets	$	1,115,339	$	440,757	$	11,165	$	663,417

Mandatorily redeemable instruments (included in other liabilities)		$	55,011	$	55,011	$	-	$	-
Interest rate swap (included in other liabilities)			50,065		-		50,065		-
	Total liabilities	$	105,076	$	55,011	$	50,065	$	-


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

15. Fair Value Measurements – continued

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis - continued

Real Estate Fund Investments

At June 30, 2013, our Real Estate Fund had ten investments with an aggregate fair value of $622,124,000, or $114,751,000 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 0.1 to 7.0 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 June 30, 2013.

			Weighted Average
			(based on fair
Unobservable Quantitative Input		Range	value of investments)
	Discount rates	12.5% to 19.0%	14.3%
	Terminal capitalization rates	5.3% to 6.0%	5.8%

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 six months ended June 30, 2013 and 2012.

	Real Estate Fund Investments				Real Estate Fund Investments
	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(Amounts in thousands)		2013		2012	2013		2012
Beginning balance	$	571,306	$	324,514	$	600,786	$	346,650
Purchases		17,225		44,592		30,893		44,592
Sales/Returns		-		-		(56,664)		(31,052)
Unrealized gains		33,593		21,135		47,109		27,979
Other, net		-		(1,786)		-		286
Ending balance	$	622,124	$	388,455	$	622,124	$	388,455

15. Fair Value Measurements – continued

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis - 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 that are classified as Level 3, for the three and six months ended June 30, 2013 and 2012.

	Deferred Compensation Plan Assets				Deferred Compensation Plan Assets
	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(Amounts in thousands)		2013		2012	2013		2012
Beginning balance	$	65,010	$	58,881	$	62,631	$	56,221
Purchases		440		155		3,147		3,766
Sales		(1,748)		(616)		(4,445)		(4,011)
Realized and unrealized gains		2,782		(123)		4,136		2,269
Other, net		18		16		1,033		68
Ending balance	$	66,502	$	58,313	$	66,502	$	58,313

Fair Value Measurements on a Nonrecurring Basis

Assets measured at fair value on a nonrecurring basis on our consolidated balance sheets consist primarily of our investment in Toys “R” Us and real estate assets that were written-down to estimated fair value at December 31, 2012. The fair values of these assets were determined using widely accepted valuation techniques, including (i) discounted cash flow analysis, which considers, among other things, leasing assumptions, growth rates, discount rates and terminal capitalization rates, (ii) income capitalization approach, which considers prevailing market capitalization rates, and (iii) comparable sales activity. Generally, we consider multiple valuation techniques when measuring fair values but in certain circumstances, a single valuation technique may be appropriate. The tables below aggregate the fair values of these assets by their levels in the fair value hierarchy.

			As of December 31, 2012
(Amounts in thousands)			Total		Level 1		Level 2		Level 3
	Investment in Toys "R" Us		$	478,041	$	-	$	-	$	478,041
	Real estate assets			189,529		-		-		189,529
	Condominium units (included in other assets)			52,142		-		-		52,142
		Total assets	$	719,712	$	-	$	-	$	719,712

15. Fair Value Measurements – continued

Financial Assets and Liabilities not Measured at Fair Value

Financial assets and liabilities that are not measured at fair value on our consolidated balance sheets include cash equivalents (primarily money market funds, which invest in obligations of the United States government), mortgage and mezzanine loans receivable 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 cash equivalents is classified as Level 1 and the fair value of our mortgage and mezzanine loans receivable is classified as Level 3. 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 June 30, 2013 and December 31, 2012.

			As of June 30, 2013				As of December 31, 2012
			Carrying		Fair		Carrying		Fair
(Amounts in thousands)			Amount		Value		Amount		Value
	Cash equivalents		$	525,834	$	525,834	$	543,000	$	543,000
	Mortgage and mezzanine loans receivable			175,699		175,331		225,359		221,446
			$	701,533	$	701,165	$	768,359	$	764,446
	Debt:
		Mortgages payable	$	8,582,573	$	8,571,000	$	8,663,326	$	8,690,000
		Senior unsecured notes		1,358,182		1,427,000		1,358,008		1,468,000
		Revolving credit facility debt		83,982		83,982		1,170,000		1,170,000
			$	10,024,737	$	10,081,982	$	11,191,334	$	11,328,000

- 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

Reference 1: 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=7578670&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13504-108611

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-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 8: http://www.xbrl.org/2003/role/presentationRef
-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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
-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 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-d
-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 11: 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 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
-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 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
-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

Incentive Compensation

6 Months Ended

Jun. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Incentive Compensation

16. Incentive Compensation

Our 2010 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. Stock-based compensation expense was $9,129,000 and $8,438,000 in the three months ended June 30, 2013 and 2012, respectively and $16,595,000 and $15,047,000 in the six months ended June 30, 2013 and 2012, respectively.

On March 15, 2013, our Compensation Committee (the “Committee”) approved the 2013 Outperformance Plan, a performance-based equity compensation plan and related form of award agreement (the “2013 OPP”). Under the 2013 OPP, participants have the opportunity to earn compensation payable in the form of operating partnership units in the second and/or third year during a three-year performance measurement period, if and only if, we outperform a predetermined total shareholder return (“TSR”) and/or outperform the market with respect to relative total TSR. Awards under our 2013 OPP may be earned if (i) we achieve a TSR greater than 14% over the two-year performance measurement period, or 21% over the three-year performance measurement period (the “Absolute Component”), and/or (ii) we achieve a TSR above that of the SNL US REIT Index (the “Index”) over a two-year or three-year performance measurement period (the “Relative Component”). To the extent awards would be earned under the Absolute Component but we underperform the Index, such awards earned 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 fully earned under the Absolute Component, awards may be increased 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, such awards earned under the Relative Component 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. Awards earned under the 2013 OPP vest 33% in year three, 33% in year four and 34% in year five. Dividends on awards earned accrue during the performance measurement period. In addition, our executive officers (for the purposes of Section 16 of the Exchange Act) are required to hold earned OPP awards for one year following vesting.

- 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 Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 7: 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 8: 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.

+ Details

Fee and Other Income

6 Months Ended

Jun. 30, 2013

Fee and Other Income [Abstract]

Fee and Other Income

17. Fee and Other Income

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

		For the Three Months				For the Six Months
(Amounts in thousands)		Ended June 30,				Ended June 30,
		2013		2012		2013		2012
BMS cleaning fees		$	16,509	$	16,982	$	33,173	$	32,492
Signage revenue			8,347		4,879		14,828		9,469
Management and leasing fees			6,435		4,546		11,693		9,300
Lease termination fees⁽¹⁾			7,129		479		67,155		890
Other income			9,595		6,151		18,390		14,164
		$	48,015	$	33,037	$	145,239	$	66,315

(1)	On February 6, 2013, we received $124,000 pursuant to a settlement agreement with Stop & Shop, which terminates our right to receive $6,000 of additional annual rent under a 1992 agreement, for a period potentially through 2031. As a result of this settlement, we collected a $47,900 receivable and recognized $59,599 of income in the first quarter of 2013.

Management and leasing fees include management fees from Interstate Properties, a related party, of $131,000 and $192,000 for the three months ended June 30, 2013 and 2012, respectively, and $333,000 and $391,000 for the six months ended June 30, 2013 and 2012, 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 Income (Loss), Net

6 Months Ended

Jun. 30, 2013

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

Interest and Other Investment Income (Loss), Net

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

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

			For the Three Months				For the Six Months
(Amounts in thousands)			Ended June 30,				Ended June 30,
			2013		2012		2013		2012
Income (loss) from the mark-to-market of J.C. Penney derivative
	position		$	9,065	$	(58,732)	$	(13,475)	$	(57,687)
Income from prepayment penalties in connection with the
	repayment of a mezzanine loan			5,267		-		5,267		-
Interest on mezzanine loans receivable				4,940		3,165		10,017		6,015
Dividends and interest on marketable securities				2,770		4,846		5,540		11,093
Mark-to-market of investments in our deferred compensation plan⁽¹⁾				2,492		24		5,938		4,151
Non-cash impairment loss on J.C. Penney common shares				-		-		(39,487)		-
Other, net				1,882		1,525		3,542		2,921
			$	26,416	$	(49,172)	$	(22,658)	$	(33,507)
__________________________

(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

Interest and Debt Expense

6 Months Ended

Jun. 30, 2013

Interest Expense Debt [Abstract]

Interest And Debt Expense [Text Block]

19. Interest and Debt Expense

The following table sets forth the details of interest and debt expense:

	For the Three Months				For the Six Months
(Amounts in thousands)	Ended June 30,				Ended June 30,
	2013		2012		2013		2012
Interest expense	$	126,161	$	118,747	$	250,887	$	243,394
Amortization of deferred financing costs		4,833		5,918		10,255		11,346
Capitalized interest		(9,232)		(345)		(17,492)		(361)
	$	121,762	$	124,320	$	243,650	$	254,379

Income Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Income Per Share

20. 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 Six Months
(Amounts in thousands, except per share amounts)			Ended June 30,				Ended June 30,
			2013		2012		2013		2012
Numerator:
	Income from continuing operations, net of income attributable
		to noncontrolling interests	$	97,862	$	21,163	$	165,383	$	204,792
	Income from discontinued operations, net of income attributable
		to noncontrolling interests		60,332		17,134		255,733		85,027
	Net income attributable to Vornado			158,194		38,297		421,116		289,819
	Preferred share dividends			(20,368)		(17,787)		(42,070)		(35,574)
	Preferred unit and share redemptions			8,100		-		(1,130)		-
	Net income attributable to common shareholders			145,926		20,510		377,916		254,245
	Earnings allocated to unvested participating securities			(31)		(40)		(86)		(79)
	Numerator for basic income per share			145,895		20,470		377,830		254,166
	Impact of assumed conversions:
		Convertible preferred share dividends		27		-		55		57
	Numerator for diluted income per share		$	145,922	$	20,470	$	377,885	$	254,223

Denominator:
	Denominator for basic income per share – weighted average shares			186,931		185,673		186,842		185,521
	Effect of dilutive securities⁽¹⁾:
		Employee stock options and restricted share awards		742		669		737		700
		Convertible preferred shares		47		-		48		50
	Denominator for diluted income per share – weighted average
		shares and assumed conversions		187,720		186,342		187,627		186,271

INCOME PER COMMON SHARE – BASIC:
	Income from continuing operations, net		$	0.46	$	0.02	$	0.65	$	0.91
	Income from discontinued operations, net			0.32		0.09		1.37		0.46
	Net income per common share		$	0.78	$	0.11	$	2.02	$	1.37

INCOME PER COMMON SHARE – DILUTED:
	Income from continuing operations, net		$	0.46	$	0.02	$	0.65	$	0.91
	Income from discontinued operations, net			0.32		0.09		1.36		0.45
	Net income per common share		$	0.78	$	0.11	$	2.01	$	1.36


(1)		The effect of dilutive securities in the three months ended June 30, 2013 and 2012 excludes an aggregate of 11,913 and 14,002 weighted average common share equivalents, respectively, and 11,911 and 16,292 weighted average common share equivalents in the six months ended June 30, 2013 and 2012, respectively, as their effect was anti-dilutive.

Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

21. 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

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 is not expected to have a material adverse effect on our financial position, results of operations or cash flows.

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.

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 June 30, 2013, the aggregate dollar amount of these guarantees and master leases is approximately $372,000,000.

At June 30, 2013, $22,053,000 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.

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 June 30, 2013, our subsidiaries have funded approximately $3,177,000 of the commitment.

As of June 30, 2013, we expect to fund additional capital to certain of our partially owned entities aggregating approximately $168,000,000.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-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 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-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

Segment Information

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Information

22. Segment Information

As a result of certain organizational changes and asset sales in 2012, the Merchandise Mart segment no longer meets the criteria to be a separate reportable segment; accordingly, effective January 1, 2013, the remaining assets have been reclassified to our Other segment. We have also reclassified the prior period segment financial results to conform to the current year presentation. Below is a summary of net income and a reconciliation of net income to EBITDA(1) by segment for the three and six months ended June 30, 2013 and 2012.


(Amounts in thousands)			For the Three Months Ended June 30, 2013
												Retail
				Total		New York			Washington, DC			Properties			Toys		Other
Property rentals				$	519,733	$	286,844		$	112,733		$	64,374		$	-	$	55,782
Straight-line rent adjustments					13,789		7,533			1,231			909			-		4,116
Amortization of acquired below-market
	leases, net				11,672		6,944			516			2,885			-		1,327
Total rentals					545,194		301,321			114,480			68,168			-		61,225
Tenant expense reimbursements					75,659		38,785			10,666			22,028			-		4,180
Cleveland Medical Mart development project					16,990		-			-			-			-		16,990
Fee and other income:
	BMS cleaning fees				16,509		20,979			-			-			-		(4,470)
	Signage revenue				8,347		8,347			-			-			-		-
	Management and leasing fees				6,435		2,854			3,459			320			-		(198)
	Lease termination fees				7,129		5,432			182			198			-		1,317
	Other income				9,595		3,254			5,530			283			-		528
Total revenues					685,858		380,972			134,317			90,997			-		79,572
Operating expenses					261,080		157,622			48,290			34,091			-		21,077
Depreciation and amortization					135,486		69,387			30,619			15,457			-		20,023
General and administrative					54,323		8,881			6,873			5,169			-		33,400
Cleveland Medical Mart development project					15,151		-			-			-			-		15,151
Acquisition related costs					3,350		-			-			-			-		3,350
Total expenses					469,390		235,890			85,782			54,717			-		93,001
Operating income (loss)					216,468		145,082			48,535			36,280			-		(13,429)
(Loss) applicable to Toys					(36,861)		-			-			-			(36,861)		-
Income (loss) from partially owned entities					1,472		4,226			(2,449)			423			-		(728)
Income from Real Estate Fund					34,470		-			-			-			-		34,470
Interest and other investment
	income (loss), net				26,416		1,443			6			(48)			-		25,015
Interest and debt expense					(121,762)		(42,835)			(27,854)			(12,435)			-		(38,638)
Net gain on disposition of wholly owned and
	partially owned assets				1,005		-			-			-			-		1,005
Income (loss) before income taxes					121,208		107,916			18,238			24,220			(36,861)		7,695
Income tax expense					(2,877)		(961)			(805)			(749)			-		(362)
Income (loss) from continuing operations					118,331		106,955			17,433			23,471			(36,861)		7,333
Income (loss) from discontinued operations					63,990		-			-			64,136			-		(146)
Net income (loss)					182,321		106,955			17,433			87,607			(36,861)		7,187
Less net income attributable to
	noncontrolling interests in:
	Consolidated subsidiaries				(14,930)		(1,381)			-			(13)			-		(13,536)
	Operating Partnership				(8,849)		-			-			-			-		(8,849)
	Preferred unit distributions of the
		Operating Partnership			(348)		-			-			-			-		(348)
Net income (loss) attributable to
	Vornado				158,194		105,574			17,433			87,594			(36,861)		(15,546)
Interest and debt expense⁽²⁾					179,461		54,546			31,245			13,715			37,730		42,225
Depreciation and amortization⁽²⁾					182,131		74,573			35,248			16,348			33,882		22,080
Income tax (benefit) expense ⁽²⁾					(22,366)		1,030			852			749			(25,697)		700
EBITDA⁽¹⁾				$	497,420	$	235,723	⁽³⁾	$	84,778	⁽⁴⁾	$	118,406	⁽⁵⁾	$	9,054	$	49,459	⁽⁶⁾


See notes on page 37.

22. Segment Information – continued


(Amounts in thousands)			For the Three Months Ended June 30, 2012
												Retail
				Total		New York			Washington, DC			Properties			Toys		Other
Property rentals				$	484,016	$	245,948		$	118,014		$	64,554		$	-	$	55,500
Straight-line rent adjustments					20,647		17,065			1,258			2,276			-		48
Amortization of acquired below-market
	leases, net				12,570		7,623			508			2,950			-		1,489
Total rentals					517,233		270,636			119,780			69,780			-		57,037
Tenant expense reimbursements					71,409		36,985			10,862			20,986			-		2,576
Cleveland Medical Mart development project					56,304		-			-			-			-		56,304
Fee and other income:
	BMS cleaning fees				16,982		23,911			-			-			-		(6,929)
	Signage revenue				4,879		4,879			-			-			-		-
	Management and leasing fees				4,546		1,113			2,384			1,068			-		(19)
	Lease termination fees				479		233			128			1			-		117
	Other income				6,151		576			4,968			373			-		234
Total revenues					677,983		338,333			138,122			92,208			-		109,320
Operating expenses					243,485		143,190			47,416			33,708			-		19,171
Depreciation and amortization					128,372		56,665			35,017			18,495			-		18,195
General and administrative					46,832		6,654			6,231			6,367			-		27,580
Cleveland Medical Mart development project					53,935		-			-			-			-		53,935
Acquisition related costs					2,559		-			-			-			-		2,559
Total expenses					475,183		206,509			88,664			58,570			-		121,440
Operating income (loss)					202,800		131,824			49,458			33,638			-		(12,120)
(Loss) applicable to Toys					(19,190)		-			-			-			(19,190)		-
Income (loss) from partially owned entities					12,563		6,851			(519)			294			-		5,937
Income from Real Estate Fund					20,301		-			-			-			-		20,301
Interest and other investment
	(loss) income, net				(49,172)		1,057			29			6			-		(50,264)
Interest and debt expense					(124,320)		(36,407)			(27,999)			(16,170)			-		(43,744)
Net gain on disposition of wholly owned and
	partially owned assets				4,856		-			-			-			-		4,856
Income (loss) before income taxes					47,838		103,325			20,969			17,768			(19,190)		(75,034)
Income tax expense					(7,479)		(1,064)			(852)			-			-		(5,563)
Income (loss) from continuing operations					40,359		102,261			20,117			17,768			(19,190)		(80,597)
Income (loss) from discontinued operations					17,869		(32)			2,956			16,254			-		(1,309)
Net income (loss)					58,228		102,229			23,073			34,022			(19,190)		(81,906)
Less net (income) loss attributable to
	noncontrolling interests in:
	Consolidated subsidiaries				(14,721)		(2,998)			-			97			-		(11,820)
	Operating Partnership				(1,337)		-			-			-			-		(1,337)
	Preferred unit distributions of the
		Operating Partnership			(3,873)		-			-			-			-		(3,873)
Net income (loss) attributable to
	Vornado				38,297		99,231			23,073			34,119			(19,190)		(98,936)
Interest and debt expense⁽²⁾					190,942		46,413			32,549			20,102			37,293		54,585
Depreciation and amortization⁽²⁾					184,028		63,664			39,656			22,131			32,505		26,072
Income tax (benefit) expense⁽²⁾					(5,214)		1,113			1,034			-			(14,103)		6,742
EBITDA⁽¹⁾				$	408,053	$	210,421	⁽³⁾	$	96,312	⁽⁴⁾	$	76,352	⁽⁵⁾	$	36,505	$	(11,537)	⁽⁶⁾


See notes on page 37.

22. Segment Information – continued


(Amounts in thousands)			For the Six Months Ended June 30, 2013
												Retail
				Total		New York			Washington, DC			Properties			Toys		Other
Property rentals				$	1,018,247	$	561,494		$	225,005		$	128,785		$	-	$	102,963
Straight-line rent adjustments					32,297		17,859			4,008			2,367			-		8,063
Amortization of acquired below-market
	leases, net				28,506		19,033			1,022			5,775			-		2,676
Total rentals					1,079,050		598,386			230,035			136,927			-		113,702
Tenant expense reimbursements					152,415		81,456			20,802			42,404			-		7,753
Cleveland Medical Mart development project					29,133		-			-			-			-		29,133
Fee and other income:
	BMS cleaning fees				33,173		42,001			-			-			-		(8,828)
	Signage revenue				14,828		14,828			-			-			-		-
	Management and leasing fees				11,693		4,918			6,266			799			-		(290)
	Lease termination fees				67,155		5,490			550			59,797			-		1,318
	Other income				18,390		3,969			11,395			859			-		2,167
Total revenues					1,405,837		751,048			269,048			240,786			-		144,955
Operating expenses					520,953		317,853			95,612			68,090			-		39,398
Depreciation and amortization					277,570		145,621			61,569			32,177			-		38,203
General and administrative					108,905		17,703			13,798			10,584			-		66,820
Cleveland Medical Mart development project					26,525		-			-			-			-		26,525
Acquisition related costs					3,951		-			-			-			-		3,951
Total expenses					937,904		481,177			170,979			110,851			-		174,897
Operating income (loss)					467,933		269,871			98,069			129,935			-		(29,942)
(Loss) applicable to Toys					(35,102)		-			-			-			(35,102)		-
Income (loss) from partially owned entities					22,238		9,831			(4,542)			1,324			-		15,625
Income from Real Estate Fund					51,034		-			-			-			-		51,034
Interest and other investment (loss)
	income, net				(22,658)		2,608			82			4			-		(25,352)
Interest and debt expense					(243,650)		(83,453)			(56,104)			(24,076)			-		(80,017)
Net loss on disposition of wholly owned and
	partially owned assets				(35,719)		-			-			-			-		(35,719)
Income (loss) before income taxes					204,076		198,857			37,505			107,187			(35,102)		(104,371)
Income tax expense					(3,950)		(1,233)			(1,183)			(749)			-		(785)
Income (loss) from continuing operations					200,126		197,624			36,322			106,438			(35,102)		(105,156)
Income from discontinued operations					271,122		-			-			270,849			-		273
Net income (loss)					471,248		197,624			36,322			377,287			(35,102)		(104,883)
Less net income attributable to
	noncontrolling interests in:
	Consolidated subsidiaries				(26,216)		(2,962)			-			(109)			-		(23,145)
	Operating Partnership				(22,782)		-			-			-			-		(22,782)
	Preferred unit distributions of the
		Operating Partnership			(1,134)		-			-			-			-		(1,134)
Net income (loss) attributable to
	Vornado				421,116		194,662			36,322			377,178			(35,102)		(151,944)
Interest and debt expense⁽²⁾					368,241		104,235			62,998			27,938			80,912		92,158
Depreciation and amortization⁽²⁾					376,316		152,986			70,396			34,867			71,556		46,511
Income tax expense⁽²⁾					38,393		1,377			1,306			749			33,649		1,312
EBITDA⁽¹⁾				$	1,204,066	$	453,260	⁽³⁾	$	171,022	⁽⁴⁾	$	440,732	⁽⁵⁾	$	151,015	$	(11,963)	⁽⁶⁾

See notes on page 37.

22. Segment Information – continued


(Amounts in thousands)			For the Six Months Ended June 30, 2012
											Retail
			Total		New York			Washington, DC			Properties			Toys		Other
Property rentals			$	958,447	$	479,884		$	240,818		$	129,146		$	-	$	108,599
Straight-line rent adjustments				41,966		34,194			3,115			3,580			-		1,077
Amortization of acquired below-market
	leases, net			26,313		15,318			1,031			7,107			-		2,857
Total rentals				1,026,726		529,396			244,964			139,833			-		112,533
Tenant expense reimbursements				141,906		73,697			20,870			41,962			-		5,377
Cleveland Medical Mart development project				111,363		-			-			-			-		111,363
Fee and other income:
	BMS cleaning fees			32,492		46,558			-			-			-		(14,066)
	Signage revenue			9,469		9,469			-			-			-		-
	Management and leasing fees			9,300		2,221			5,167			1,904			-		8
	Lease termination fees			890		256			128			1			-		505
	Other income			14,164		2,333			10,558			714			-		559
Total revenues				1,346,310		663,930			281,687			184,414			-		216,279
Operating expenses				489,462		288,862			93,618			68,189			-		38,793
Depreciation and amortization				259,767		110,424			77,570			36,256			-		35,517
General and administrative				102,122		15,241			13,181			12,700			-		61,000
Cleveland Medical Mart development project				106,696		-			-			-			-		106,696
Acquisition related costs				3,244		-			-			-			-		3,244
Total expenses				961,291		414,527			184,369			117,145			-		245,250
Operating income (loss)				385,019		249,403			97,318			67,269			-		(28,971)
Income applicable to Toys				97,281		-			-			-			97,281		-
Income (loss) from partially owned entities				32,223		11,036			(2,389)			698			-		22,878
Income from Real Estate Fund				32,063		-			-			-			-		32,063
Interest and other investment (loss)
	income, net			(33,507)		2,109			73			20			-		(35,709)
Interest and debt expense				(254,379)		(72,548)			(57,097)			(32,522)			-		(92,212)
Net gain on disposition of wholly owned and
	partially owned assets			4,856		-			-			-			-		4,856
Income (loss) before income taxes				263,556		190,000			37,905			35,465			97,281		(97,095)
Income tax expense				(14,304)		(1,665)			(1,302)			-			-		(11,337)
Income (loss) from continuing operations				249,252		188,335			36,603			35,465			97,281		(108,432)
Income (loss) from discontinued operations				89,240		(640)			4,542			26,473			-		58,865
Net income (loss)				338,492		187,695			41,145			61,938			97,281		(49,567)
Less net (income) loss attributable to
	noncontrolling interests in:
	Consolidated subsidiaries			(24,318)		(5,174)			-			211			-		(19,355)
	Operating Partnership			(16,608)		-			-			-			-		(16,608)
	Preferred unit distributions of the
		Operating Partnership		(7,747)		-			-			-			-		(7,747)
Net income (loss) attributable to
	Vornado			289,819		182,521			41,145			62,149			97,281		(93,277)
Interest and debt expense⁽²⁾				384,024		93,471			66,206			40,540			68,862		114,945
Depreciation and amortization⁽²⁾				375,201		125,575			87,916			44,406			67,211		50,093
Income tax expense⁽²⁾				46,226		1,806			1,557			-			29,100		13,763
EBITDA⁽¹⁾			$	1,095,270	$	403,373	⁽³⁾	$	196,824	⁽⁴⁾	$	147,095	⁽⁵⁾	$	262,454	$	85,524	⁽⁶⁾


See notes on the following page.

22. 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 elements of "New York" EBITDA are summarized below.

				For the Three Months				For the Six Months
				Ended June 30,				Ended June 30,
	(Amounts in thousands)			2013		2012		2013		2012
	Office			$	158,186	$	142,077	$	304,482	$	277,257
	Retail				57,230		45,577		117,612		90,497
	Alexander's (decrease due to sale of Kings Plaza
		in November 2012)			10,213		13,026		20,754		26,397
	Hotel Pennsylvania				10,094		9,741		10,412		9,222
		Total New York		$	235,723	$	210,421	$	453,260	$	403,373


(4)	The elements of "Washington, DC" EBITDA are summarized below.

				For the Three Months				For the Six Months
				Ended June 30,				Ended June 30,
	(Amounts in thousands)			2013		2012		2013		2012
	Office, excluding the Skyline Properties			$	66,136	$	74,953	$	133,243	$	153,287
	Skyline properties				7,543		10,661		15,705		22,191
		Total Office			73,679		85,614		148,948		175,478
	Residential				11,099		10,698		22,074		21,346
		Total Washington, DC		$	84,778	$	96,312	$	171,022	$	196,824


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

				For the Three Months				For the Six Months
				Ended June 30,				Ended June 30,
	(Amounts in thousands)			2013		2012		2013		2012
	Strip shopping centers^(a)			$	101,529	$	52,268	$	204,890	$	99,176
	Regional malls^(b)				16,877		24,084		235,842		47,919
		Total Retail properties		$	118,406	$	76,352	$	440,732	$	147,095


	(a)		The three and six months ended June 30, 2013, includes a $33,058 net gain on sale of Philadelphia (Market Street) and a $32,169 net gain on sale of San Jose (The Plant). The six months ended June 30, 2013, includes $59,599 of income pursuant to a settlement agreement with Stop & Shop.

	(b)		The six months ended June 30, 2013, includes a $202,275 net gain on sale of Green Acres Mall.

22. Segment Information - continued

	Notes to preceding tabular information - continued:


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

				For the Three Months				For the Six Months
				Ended June 30,				Ended June 30,
	(Amounts in thousands)			2013		2012		2013		2012
	Our share of Real Estate Fund:
		(Loss) income before net realized/unrealized gains		$	(1,713)	$	170	$	(251)	$	2,288
		Net unrealized gains			8,398		5,284		11,777		6,995
		Carried interest			13,426		2,541		15,609		2,541
	Total				20,111		7,995		27,135		11,824
	Merchandise Mart Building, 7 West 34th Street and trade shows				22,448		17,349		37,161		32,649
	555 California Street				11,022		10,377		21,651		20,692
	LNR^(a)				-		11,671		20,443		27,233
	Lexington^(b)				-		7,703		6,931		16,921
	Other investments				8,014		11,523		12,890		20,823
					61,595		66,618		126,211		130,142
	Corporate general and administrative expenses^(c)				(24,831)		(21,812)		(47,587)		(44,129)
	Investment income and other, net^(c)				16,709		15,294		28,045		27,628
	Income (loss) from the mark-to-market of J.C. Penney
		derivative position			9,065		(58,732)		(13,475)		(57,687)
	Acquisition related costs				(3,350)		(2,559)		(3,951)		(3,244)
	Severance costs (primarily reduction in force at
		the Merchandise Mart)			(1,542)		-		(4,154)		(506)
	Net gain on sale of residential condominiums				1,005		1,274		1,005		1,274
	Merchandise Mart discontinued operations (including
		net gains on sale of assets)			5		(6,410)		2,146		56,401
	Non-cash impairment loss on J.C. Penney common shares				-		-		(39,487)		-
	Loss on sale of J.C. Penney common shares				-		-		(36,800)		-
	Net income attributable to noncontrolling interests in
		the Operating Partnership			(8,849)		(1,337)		(22,782)		(16,608)
	Preferred unit distributions of the Operating Partnership				(348)		(3,873)		(1,134)		(7,747)
				$	49,459	$	(11,537)	$	(11,963)	$	85,524


	(a)		On April 22, 2013, LNR was sold (see page 14 for details).

	(b)		In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale (see page 12 for details).

	(c)		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

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Reference 15: 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.

+ Details

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Jun. 30, 2013
Real Estate Fund [Abstract]
Real Estate Fund Accounting [Policy Text Block]	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.
Derivative Instruments and Marketable Securities [Abstract]
Marketable Securities, Available-for-sale Securities, Policy [Policy Text Block]	Our portfolio of marketable securities is comprised of equity securities that are classified as available for sale. Available for sale securities are presented on our consolidated balance sheets at fair value. Unrealized gains and losses resulting from the mark-to-market of these securities are included in “other comprehensive income (loss).” Realized 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.
Derivatives, Methods of Accounting, Derivatives Not Designated or Qualifying as Hedges [Policy Text Block]	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.
Redeemable Noncontrolling Interests [Abstract]
Redeemable Noncontrolling Interests [Policy Text Block]	Redeemable noncontrolling interests on our consolidated balance sheets are primarily comprised of Class A Operating Partnership units held by third parties. 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.
Fair Value Disclosures [Abstract]
Fair Value Measurement Policy [Policy Text Block]	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 on a Recurring Basis 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). Fair Value Measurements on a Nonrecurring Basis Assets measured at fair value on a nonrecurring basis on our consolidated balance sheets consist primarily of our investment in Toys “R” Us and real estate assets that were written-down to estimated fair value at December 31, 2012. The fair values of these assets were determined using widely accepted valuation techniques, including (i) discounted cash flow analysis, which considers, among other things, leasing assumptions, growth rates, discount rates and terminal capitalization rates, (ii) income capitalization approach, which considers prevailing market capitalization rates, and (iii) comparable sales activity. Generally, we consider multiple valuation techniques when measuring fair values but in certain circumstances, a single valuation technique may be appropriate. Financial Assets and Liabilities not Measured at Fair Value Financial assets and liabilities that are not measured at fair value on our consolidated balance sheets include cash equivalents (primarily money market funds, which invest in obligations of the United States government), mortgage and mezzanine loans receivable 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 cash equivalents is classified as Level 1 and the fair value of our mortgage and mezzanine loans receivable is classified as Level 3. The fair value of our secured and unsecured debt are classified as Level 2.

- 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

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+ Details

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

6 Months Ended

Jun. 30, 2013

Real Estate Fund [Abstract]

Schedule Of Income And Loss From The Fund [Table Text Block]

		For the Three Months				For the Six Months
(Amounts in thousands)		Ended June 30,				Ended June 30,
		2013		2012		2013		2012
Net investment income (loss)		$	877	$	(834)	$	3,925	$	4,084
Net unrealized gains			33,593		21,135		47,109		27,979
Income from Real Estate Fund			34,470		20,301		51,034		32,063
Less (income) attributable to noncontrolling interests			(14,359)		(12,306)		(23,899)		(20,239)
Income from Real Estate Fund attributable to Vornado ⁽¹⁾		$	20,111	$	7,995	$	27,135	$	11,824
___________________________________
___________________________________
(1)	Excludes management, leasing and development fees of $827 and $717 for the three months ended June 30, 2013 and 2012, respectively, and $1,676 and $1,420 for the six months ended June 30, 2013 and 2012, respectively, which are included as a component of "fee and other income" on our consolidated statements of income.

Marketable Securities and Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2013

Unrealized Gain (Loss) on Investments [Abstract]

Unrealized Gain (Loss) on Investments [Table Text Block]

(Amounts in thousands)		As of June 30, 2013						As of December 31, 2012
				GAAP		Unrealized				GAAP		Unrealized
		Fair Value		Cost		Gain		Fair Value		Cost		Gain
Equity securities:
	Lexington	$	215,718	$	72,549	$	143,169	$	-	$	-	$	-
	J.C. Penney		146,615		129,704		16,911		366,291		366,291		-
	Other		40,602		12,112		28,490		31,897		12,465		19,432
		$	402,935	$	214,365	$	188,570	$	398,188	$	378,756	$	19,432

Investments in Partially Owned Entities (Tables)

6 Months Ended

Jun. 30, 2013

Schedule Of Equity Method Investments [Line Items]

Schedule of Purchase Price Allocation [Table Text Block]

(Amounts in thousands)
Land	$	602,662
Building and improvements		252,844
Acquired above-market leases (included in identified intangible assets)		13,115
Acquired in-place leases (included in identified intangible assets)		67,879
Other assets		7,374
Acquired below-market leases (included in deferred revenue)		(99,074)
Purchase price	$	844,800

Equity Method Investments

			Percentage
(Amounts in thousands)			Ownership at		Balance as of
Investments:			June 30, 2013		June 30, 2013		December 31, 2012
Toys				32.6%	$	417,764	$	478,041

Alexander’s				32.4%	$	170,181	$	171,013

Lexington⁽¹⁾				n/a		-		75,542

LNR⁽²⁾				n/a		-		224,724

India real estate ventures				4.0%-36.5%		90,717		95,516

Partially owned office buildings:
	280 Park Avenue			49.5%		207,956		197,516
	Rosslyn Plaza			43.7%-50.4%		60,345		62,627
	West 57th Street properties			50.0%		56,696		57,033
	One Park Avenue			30.3%		54,367		50,509
	666 Fifth Avenue Office Condominium			49.5%		38,664		35,527
	330 Madison Avenue			25.0%		32,766		30,277
	Warner Building			55.0%		11,754		8,775
	Fairfax Square			20.0%		5,242		5,368
	Other partially owned office buildings			Various		9,508		9,315

Other investments:
	Independence Plaza (includes $26,679 attributable
		to non-controlling interests)⁽³⁾		50.1%		166,569		-
	Monmouth Mall			50.0%		7,248		7,205
	Downtown Crossing, Boston⁽⁴⁾			n/a		-		48,122
	Other investments⁽⁵⁾			Various		119,631		147,187
					$	1,031,644	$	1,226,256



(1)		In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale (see page 12 for details).

(2)		On April 22, 2013, LNR was sold (see page 14 for details).

(3)		On June 7, 2013, we sold an 8.65% economic interest in the property (see page 15 for details).

(4)		On April 24, 2013, the joint venture sold the site in Downtown Crossing, Boston (see note 3 on page 17 for details).

(5)		Includes interests in 85 10th Avenue, Fashion Centre Mall, 50-70 West 93rd Street and others.

			Percentage	For the Three Months				For the Six Months
(Amounts in thousands)			Ownership	Ended June 30,				Ended June 30,
Our Share of Net Income (Loss):			June 30, 2013	2013		2012		2013		2012
Toys:			32.6%
	Equity in net (loss) income before income taxes			$	(64,372)	$	(35,664)	$	73,516	$	121,723
	Income tax benefit (expense)				25,664		14,103		(33,682)		(29,100)
	Equity in net (loss) income				(38,708)		(21,561)		39,834		92,623
	Non-cash impairment loss (see page 13 for details)				-		-		(78,542)		-
	Management fees				1,847		2,371		3,606		4,658
				$	(36,861)	$	(19,190)	$	(35,102)	$	97,281

Alexander’s:			32.4%
	Equity in net income			$	4,077	$	5,941	$	8,486	$	12,073
	Management, leasing and development fees				1,674		1,907		3,341		3,796
					5,751		7,848		11,827		15,869

Lexington⁽¹⁾			n/a		-		(236)		(979)		694

LNR⁽²⁾			n/a		-		9,469		18,731		22,719

India real estate ventures			4.0%-36.5%		(414)		(3,815)		(1,181)		(4,608)

Partially owned office buildings:
	280 Park Avenue		49.5%		(2,021)		(1,955)		(4,590)		(7,550)
	Warner Building		55.0%		(1,996)		(1,589)		(4,342)		(4,599)
	666 Fifth Avenue Office Condominium		49.5%		1,899		1,785		3,918		3,500
	330 Madison Avenue		25.0%		1,185		18		2,489		812
	Rosslyn Plaza		43.7%-50.4%		(1,005)		145		(1,451)		303
	1101 17th Street		55.0%		236		646		620		1,329
	West 57th Street properties		50.0%		196		252		368		565
	One Park Avenue		30.3%		(83)		303		374		634
	Fairfax Square		20.0%		(18)		(40)		(63)		(52)
	Other partially owned office buildings		Various		565		555		1,053		1,082
					(1,042)		120		(1,624)		(3,976)

Other investments:
	Independence Plaza (see page 15 for details)		50.1%		(1,118)		1,733		(1,118)		3,415
	Monmouth Mall		50.0%		426		298		1,285		660
	Downtown Crossing, Boston⁽³⁾		n/a		16		(500)		(2,358)		(834)
	Other investments⁽⁴⁾		Various		(2,147)		(2,354)		(2,345)		(1,716)
					(2,823)		(823)		(4,536)		1,525

				$	1,472	$	12,563	$	22,238	$	32,223


(1)		In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale (see page 12 for details).

(2)		On April 22, 2013, LNR was sold (see page 14 for details).

(3)		On April 24, 2013, the joint venture sold the site in Downtown Crossing, Boston, and we received approximately $45,000 for our 50% interest. In connection therewith, we recognized a $2,335 impairment loss in the first quarter.

(4)		Includes interests in 85 10th Avenue, Fashion Centre Mall, 50-70 West 93rd Street 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)			June 30,		June 30,	June 30,		December 31,
			2013	Maturity	2013	2013		2012
Toys:			32.6%
	Notes, loans and mortgages payable			2014-2021	7.83%	$	5,158,005	$	5,683,733

Alexander's:			32.4%
	Mortgages payable			2014-2018	3.85%	$	1,058,028	$	1,065,916

Lexington⁽¹⁾:			n/a
	Mortgages payable			n/a	n/a	$	-	$	1,994,179

LNR⁽²⁾:			n/a
	Mortgages payable			n/a	n/a	$	-	$	309,787
	Liabilities of consolidated CMBS and CDO trusts			n/a	n/a		-		97,211,734
						$	-	$	97,521,521

Partially owned office buildings:
	666 Fifth Avenue Office Condominium mortgage
		payable	49.5%	02/19	6.76%	$	1,139,585	$	1,109,700
	280 Park Avenue mortgage payable		49.5%	06/16	6.64%		738,462		738,228
	Warner Building mortgage payable		55.0%	05/16	6.26%		292,700		292,700
	One Park Avenue mortgage payable		30.3%	03/16	5.00%		250,000		250,000
	330 Madison Avenue mortgage payable		25.0%	06/15	1.69%		150,000		150,000
	Fairfax Square mortgage payable		20.0%	12/14	7.00%		69,681		70,127
	1101 17th Street mortgage payable		55.0%	01/15	1.44%		31,000		31,000
	Rosslyn Plaza		43.7%-50.4%	03/18	2.69%		20,984		-
	West 57th Street properties mortgages payable		50.0%	02/14	4.94%		19,899		20,434
	Other		Various	Various	6.37%		69,424		69,704
						$	2,781,735	$	2,731,893

India Real Estate Ventures:
	TCG Urban Infrastructure Holdings mortgages
		payable	25.0%	2013-2022	13.62%	$	222,016	$	236,579

Other:
	Independence Plaza (see page 15 for details)		50.1%	06/18	3.48%		550,000		-
	Monmouth Mall mortgage payable		50.0%	09/15	5.44%		158,882		159,896
	Other⁽³⁾		Various	Various	5.00%		970,518		990,647
						$	1,679,400	$	1,150,543


(1)		In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale (see page 12 for details).

(2)		On April 22, 2013, LNR was sold (see page 14 for details).

(3)		Includes interests in Fashion Centre Mall, 50-70 West 93rd Street 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:						May 4, 2013		October 27, 2012
	Assets					$	11,303,000	$	12,953,000
	Liabilities						9,475,000		11,190,000
	Noncontrolling interests						67,000		44,000
	Toys “R” Us, Inc. equity						1,761,000		1,719,000

		For the Three Months Ended				For the Six Months Ended
Income Statement:		May 4, 2013		April 28, 2012		May 4, 2013		April 28, 2012
	Total revenues	$	2,408,000	$	2,612,000	$	8,178,000	$	8,537,000
	Net (loss) income attributable to Toys		(119,000)		(66,000)		122,000		283,000

Alexanders 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:						June 30, 2013		December 31, 2012
	Assets					$	1,469,000	$	1,482,000
	Liabilities						1,136,000		1,150,000
	Stockholders' equity						333,000		332,000

		For the Three Months Ended				For the Six Months Ended
Income Statement:		June 30, 2013		June 30, 2012		June 30, 2013		June 30, 2012
	Total revenues	$	47,000	$	47,000	$	96,000	$	94,000
	Net income attributable to Alexander’s		13,000		19,000		27,000		38,000

Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2013

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
		June 30,		December 31,		June 30,		December 31,
		2013		2012		2013		2012
Retail properties		$	56,348	$	568,501	$	2,677	$	423,163
Other properties			7,225		33,499		-		-
Total		$	63,573	$	602,000	$	2,677	$	423,163

		For the Three Months				For the Six Months
(Amounts in thousands)		Ended June 30,				Ended June 30,
		2013		2012		2013		2012
Total revenues		$	4,668	$	45,286	$	29,391	$	106,134
Total expenses			3,850		30,802		22,256		76,096
			818		14,484		7,135		30,038
Net gains on sale of:
	901 Market Street, Philadelphia		33,058		-		33,058		-
	The Plant		32,169		-		32,169		-
	Green Acres Mall		-		-		202,275		-
	350 West Mart Center		-		-		-		54,911
	Other real estate		438		16,896		492		17,802
Impairment losses			(2,493)		(13,511)		(4,007)		(13,511)
Income from discontinued operations		$	63,990	$	17,869	$	271,122	$	89,240

- 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)

6 Months Ended

Jun. 30, 2013

Finite-Lived Intangible Assets [Line Items]

Schedule of Identified Intangible Assets and Intangible Liabilities (Table)

	Balance as of
	June 30,		December 31,
(Amounts in thousands)	2013		2012
Identified intangible assets:
Gross amount	$	654,964	$	753,022
Accumulated amortization		(365,854)		(346,664)
Net	$	289,110	$	406,358
Identified intangible liabilities (included in deferred revenue):
Gross amount	$	816,671	$	902,525
Accumulated amortization		(363,687)		(341,536)
Net	$	452,984	$	560,989

Below Market Leases Net Of Above Market Leases [Member]

Finite-Lived Intangible Assets [Line Items]

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

(Amounts in thousands)
2014	$	41,069
2015		38,263
2016		36,321
2017		30,936
2018		29,171

Other Identified Intangible Assets [Member]

Finite-Lived Intangible Assets [Line Items]

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

(Amounts in thousands)
2014	$	27,533
2015		22,369
2016		19,189
2017		16,029
2018		11,830

Tenant Under Ground Leases [Member]

Finite-Lived Intangible Assets [Line Items]

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

(Amounts in thousands)
2014	$	3,921
2015		3,921
2016		3,921
2017		3,921
2018		3,921

Debt (Tables)

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

				Interest
(Amounts in thousands)				Rate at	Balance at
				June 30,	June 30,		December 31,
Mortgages payable:			Maturity (1)	2013	2013		2012
Fixed rate:
	New York:
		1290 Avenue of the Americas (70% owned)	11/22	3.34%	$	950,000	$	950,000
		Two Penn Plaza	03/18	5.13%		425,000		425,000
		666 Fifth Avenue Retail Condominium⁽²⁾	03/23	3.61%		390,000		-
		770 Broadway	03/16	5.65%		353,000		353,000
		888 Seventh Avenue	01/16	5.71%		318,554		318,554
		350 Park Avenue	01/17	3.75%		300,000		300,000
		909 Third Avenue	04/15	5.64%		197,069		199,198
		828-850 Madison Avenue Retail Condominium	06/18	5.29%		80,000		80,000
		510 Fifth Avenue	01/16	5.60%		30,998		31,253

	Washington, DC:
		Skyline Properties⁽³⁾	02/17	5.74%		725,559		704,957
		River House Apartments	04/15	5.43%		195,546		195,546
		2101 L Street	08/24	3.97%		150,000		150,000
		2121 Crystal Drive	03/23	5.51%		149,506		150,000
		1215 Clark Street, 200 12th Street and 251 18th Street	01/25	7.09%		104,522		105,724
		Bowen Building	06/16	6.14%		115,022		115,022
		West End 25	06/21	4.88%		101,671		101,671
		Universal Buildings	04/14	6.54%		90,633		93,226
		2011 Crystal Drive	08/17	7.30%		79,129		79,624
		220 20th Street	02/18	4.61%		73,312		73,939
		1550 and 1750 Crystal Drive	11/14	7.08%		72,592		74,053
		2231 Crystal Drive	n/a	n/a		-		41,298
		1225 Clark Street	n/a	n/a		-		24,834

	Retail Properties:
		Cross-collateralized mortgages on 40 strip shopping centers	09/20	4.25%		566,886		573,180
		Bergen Town Center⁽⁴⁾	04/23	3.56%		300,000		-
		Montehiedra Town Center⁽⁵⁾	07/16	6.04%		120,000		120,000
		North Bergen (Tonnelle Avenue)	01/18	4.59%		75,000		75,000
		Las Catalinas Mall	11/13	6.97%		53,308		54,101
		Broadway Mall	n/a	n/a		-		85,180
		Other	06/14-05/36	5.12%-7.30%		85,789		86,641

	Other:
		555 California Street (70% owned)	09/21	5.10%		600,000		600,000
		Merchandise Mart	12/16	5.57%		550,000		550,000
		Borgata Land	02/21	5.14%		59,717		60,000
Total fixed rate mortgages payable				4.91%	$	7,312,813	$	6,771,001
___________________
	See notes on page 23.

					Interest
(Amounts in thousands)					Rate at	Balance at
				Spread over	June 30,	June 30,		December 31,
Mortgages payable:			Maturity (1)	LIBOR	2013	2013		2012
Variable rate:
	New York:
		Eleven Penn Plaza	01/19	L+235	2.54%	$	330,000	$	330,000
		100 West 33rd Street - office and retail	03/17	L+250	2.69%		325,000		325,000
		4 Union Square South - retail	11/19	L+215	2.34%		120,000		120,000
		435 Seventh Avenue - retail	08/19	L+225	2.44%		98,000		98,000
		866 UN Plaza	05/16	L+125	1.44%		44,978		44,978
		Independence Plaza	n/a	n/a	n/a		-		334,225

	Washington, DC:
		River House Apartments	04/18	n/a⁽⁶⁾	1.55%		64,000		64,000
		2200 / 2300 Clarendon Boulevard	01/15	L+75	0.94%		44,325		47,353
		1730 M and 1150 17th Street	06/14	L+140	1.59%		43,581		43,581

	Retail:
		Cross-collateralized mortgages on 40 strip
		shopping centers ⁽⁷⁾	09/20	L+136⁽⁷⁾	2.36%		60,000		60,000
		Bergen Town Center⁽⁴⁾	n/a	n/a	n/a		-		282,312
		Other	05/15	L+325	3.45%		16,126		19,126

	Other:
		220 Central Park South	10/13	L+275	2.94%		123,750		123,750
	Total variable rate mortgages payable				2.42%		1,269,760		1,892,325
	Total mortgages payable				4.55%	$	8,582,573	$	8,663,326

Senior unsecured notes:
	Senior unsecured notes due 2015		04/15		4.25%	$	499,710	$	499,627
	Senior unsecured notes due 2039 ⁽⁸⁾		10/39		7.88%		460,000		460,000
	Senior unsecured notes due 2022		01/22		5.00%		398,472		398,381
	Total senior unsecured notes				5.70%	$	1,358,182	$	1,358,008

Unsecured revolving credit facilities:
	$1.25 billion unsecured revolving credit facility		11/16	L+125	-	$	-	$	1,150,000
	$1.25 billion unsecured revolving credit facility
		($22,053 reserved for outstanding letters of credit) ⁽⁹⁾	06/18	L+115	1.32%		83,982		20,000
	Total unsecured revolving credit facilities				1.32%	$	83,982	$	1,170,000
___________________________
	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 February 20, 2013, we completed a $390,000 financing of this property. The 10-year fixed-rate interest only loan bears interest at 3.61%. This property was previously unencumbered.

	(3)	In 2012, due to the rising vacancy rate at the Skyline properties (45.2% at June 30, 2013), primarily from the effects of the Base Realignment and Closure statute; insufficient cash flows to pay current obligations, including interest payments to the lender; and the significant amount of capital required to re-tenant these properties, we requested that the mortgage loan be transferred to the special servicer. In connection therewith, we entered into a forbearance agreement with the special servicer, that provides for interest shortfalls to be deferred and added to the principal balance of the loan and not give rise to a loan default. The forbearance agreement has been amended and extended a number of times, the latest of which extends its maturity through September 1, 2013. As of June 30, 2013, the accrued deferred interest amounted to $47,559. We continue to negotiate with the special servicer to restructure the terms of the loan.

	(4)	On March 25, 2013, we completed a $300,000 financing of this property. The 10-year fixed-rate interest only loan bears interest at 3.56%. The property was previously encumbered by a $282,000 floating-rate loan.

	(5)	On May 13, 2013, we notified the lender that due to tenants vacating, the property's operating cash flow will be insufficient to pay the debt service; accordingly, at our request, the mortgage loan was transferred to the special servicer. We are in discussions with the special servicer to restructure the terms of the loan; there can be no assurance as to the timing and ultimate resolution of these discussions.

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

	(7)	LIBOR floor of 1.00%.

	(8)	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.

	(9)	On March 28, 2013, we extended this revolving credit facility from June 2015 to June 2017, with two six-month extension options. The interest on the extended facility was reduced from LIBOR plus 135 basis points to LIBOR plus 115 basis points. In addition, the facility fee was reduced from 30 basis points to 20 basis points.

- 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 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 2: 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 3: 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 4: 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

Reference 5: 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 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 9: 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 10: 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 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Redeemable Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2013

Redeemable Noncontrolling Interests Tables [Abstract]

Summary Of Activity Of Redeemable Noncontrolling Interests

(Amounts in thousands)
Balance at December 31, 2011	$	1,160,677
Net income		24,355
Distributions		(24,457)
Redemption of Class A units for common shares, at redemption value		(24,976)
Adjustments to carry redeemable Class A units at redemption value		110,581
Other, net		(9,355)
Balance at June 30, 2012	$	1,236,825

Balance at December 31, 2012	$	944,152
Net income		23,916
Distributions		(17,541)
Redemption of Class A units for common shares, at redemption value		(14,980)
Adjustments to carry redeemable Class A units at redemption value		29,393
Redemption of Series D-15 redeemable units		(36,900)
Other, net		12,948
Balance at June 30, 2013	$	940,988

Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

		For the Three Months Ended June 30, 2013
				Securities		Pro rata share of		Interest
				available-		nonconsolidated		rate
(Amounts in thousands)		Total		for-sale		subsidiaries' OCI		swap		Other
Balance as of March 31, 2013		$	120,953	$	168,221	$	7,666	$	(47,542)	$	(7,392)
Other comprehensive income (loss)⁽¹⁾			11,941		20,349		(19,707)		12,037		(738)
Balance as of June 30, 2013		$	132,894	$	188,570	$	(12,041)	$	(35,505)	$	(8,130)


(1)	In the three months ended June 30, 2013, there were no amounts reclassified from accumulated other comprehensive income.


		For the Six Months Ended June 30, 2013
				Securities		Pro rata share of		Interest
				available-		nonconsolidated		rate
(Amounts in thousands)		Total		for-sale		subsidiaries' OCI		swap		Other
Balance as of December 31, 2012		$	(18,946)	$	19,432	$	11,313	$	(50,065)	$	374
Other comprehensive income (loss)⁽¹⁾			151,840		169,138		(23,354)		14,560		(8,504)
Balance as of June 30, 2013		$	132,894	$	188,570	$	(12,041)	$	(35,505)	$	(8,130)


(1)	In the six months ended June 30, 2013, there were no amounts reclassified from accumulated other comprehensive income.

Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2013

Variable Interest Entities [Abstract]

Schedule of Variable Interest Entities [Table Text Block]

	As of June 30,		As of December 31,
(Amounts in thousands)	2013		2012
Total assets	$	-	$	957,730

Total liabilities	$	-	$	443,894

Noncontrolling interest	$	-	$	193,933

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=7880789&loc=d3e5747-111685

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=7880789&loc=SL6228884-111685

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7880789&loc=d3e5728-111685

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Variable Interest Entity
-URI http://asc.fasb.org/extlink&oid=6528138

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7880789&loc=d3e5710-111685

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=7880789&loc=SL6759159-111685

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 140
-Paragraph 35
-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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 46R
-Paragraph 2, 14, 15, 16, 23, 24, 25, 26
-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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 167
-Paragraph 24
-Appendix D

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS140-4/FIN46(R)-8
-Paragraph C4
-Subparagraph d
-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 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 167
-Paragraph 22B
-Appendix D

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 167
-Paragraph 23A
-Appendix D

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 167
-Paragraph 22E
-Appendix D

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 46R
-Paragraph 4
-Subparagraph g
-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

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of Fair Values of Financial Assets and Liabilities by Levels [Table Text Block]

		As of June 30, 2013
(Amounts in thousands)		Total		Level 1		Level 2		Level 3
Marketable securities		$	402,935	$	402,935	$	-	$	-
Real Estate Fund investments (75% of which is attributable to
	noncontrolling interests)		622,124		-		-		622,124
Deferred compensation plan assets (included in other assets)			111,093		44,591		-		66,502
J.C. Penney derivative position (included in other assets)⁽¹⁾			10,687		-		10,687		-
	Total assets	$	1,146,839	$	447,526	$	10,687	$	688,626

Mandatorily redeemable instruments (included in other liabilities)		$	55,073	$	55,073	$	-	$	-
Interest rate swap (included in other liabilities)			35,505		-		35,505		-
	Total liabilities	$	90,578	$	55,073	$	35,505	$	-


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

		As of December 31, 2012
(Amounts in thousands)		Total		Level 1		Level 2		Level 3
Marketable securities		$	398,188	$	398,188	$	-	$	-
Real Estate Fund investments (75% of which is attributable to
	noncontrolling interests)		600,786		-		-		600,786
Deferred compensation plan assets (included in other assets)			105,200		42,569		-		62,631
J.C. Penney derivative position (included in other assets)⁽¹⁾			11,165		-		11,165		-
	Total assets	$	1,115,339	$	440,757	$	11,165	$	663,417

Mandatorily redeemable instruments (included in other liabilities)		$	55,011	$	55,011	$	-	$	-
Interest rate swap (included in other liabilities)			50,065		-		50,065		-
	Total liabilities	$	105,076	$	55,011	$	50,065	$	-


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

Schedule Of Carrying Amounts And Fair Values Of Financial Instruments [Table Text Block]

			As of June 30, 2013				As of December 31, 2012
			Carrying		Fair		Carrying		Fair
(Amounts in thousands)			Amount		Value		Amount		Value
	Cash equivalents		$	525,834	$	525,834	$	543,000	$	543,000
	Mortgage and mezzanine loans receivable			175,699		175,331		225,359		221,446
			$	701,533	$	701,165	$	768,359	$	764,446
	Debt:
		Mortgages payable	$	8,582,573	$	8,571,000	$	8,663,326	$	8,690,000
		Senior unsecured notes		1,358,182		1,427,000		1,358,008		1,468,000
		Revolving credit facility debt		83,982		83,982		1,170,000		1,170,000
			$	10,024,737	$	10,081,982	$	11,191,334	$	11,328,000

Non Financial Assets Measured At Fair Value On Nonrecurring Basis [Table Text Block]

			As of December 31, 2012
(Amounts in thousands)			Total		Level 1		Level 2		Level 3
	Investment in Toys "R" Us		$	478,041	$	-	$	-	$	478,041
	Real estate assets			189,529		-		-		189,529
	Condominium units (included in other assets)			52,142		-		-		52,142
		Total assets	$	719,712	$	-	$	-	$	719,712

Real Estate Funds [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

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 19.0%	14.3%
	Terminal capitalization rates	5.3% to 6.0%	5.8%

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

	Real Estate Fund Investments				Real Estate Fund Investments
	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(Amounts in thousands)		2013		2012	2013		2012
Beginning balance	$	571,306	$	324,514	$	600,786	$	346,650
Purchases		17,225		44,592		30,893		44,592
Sales/Returns		-		-		(56,664)		(31,052)
Unrealized gains		33,593		21,135		47,109		27,979
Other, net		-		(1,786)		-		286
Ending balance	$	622,124	$	388,455	$	622,124	$	388,455

Deferred Compensation Plan Assets [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

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

	Deferred Compensation Plan Assets				Deferred Compensation Plan Assets
	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(Amounts in thousands)		2013		2012	2013		2012
Beginning balance	$	65,010	$	58,881	$	62,631	$	56,221
Purchases		440		155		3,147		3,766
Sales		(1,748)		(616)		(4,445)		(4,011)
Realized and unrealized gains		2,782		(123)		4,136		2,269
Other, net		18		16		1,033		68
Ending balance	$	66,502	$	58,313	$	66,502	$	58,313

- 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 (loss), 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, issues, 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 of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 19
-Subparagraph a, b, c(1), d(1)
-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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 14
-Subparagraph a
-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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15
-Subparagraph b-d
-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 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 18
-Subparagraph c(2), d, e, f
-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 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32
-Subparagraph a, c(1), c(2), c(3), d
-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 12: 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.

+ Details

Fee and Other Income (Tables)

6 Months Ended

Jun. 30, 2013

Fee And Other Income Tables [Abstract]

Fee and Other Income (Table)

		For the Three Months				For the Six Months
(Amounts in thousands)		Ended June 30,				Ended June 30,
		2013		2012		2013		2012
BMS cleaning fees		$	16,509	$	16,982	$	33,173	$	32,492
Signage revenue			8,347		4,879		14,828		9,469
Management and leasing fees			6,435		4,546		11,693		9,300
Lease termination fees⁽¹⁾			7,129		479		67,155		890
Other income			9,595		6,151		18,390		14,164
		$	48,015	$	33,037	$	145,239	$	66,315

(1)	On February 6, 2013, we received $124,000 pursuant to a settlement agreement with Stop & Shop, which terminates our right to receive $6,000 of additional annual rent under a 1992 agreement, for a period potentially through 2031. As a result of this settlement, we collected a $47,900 receivable and recognized $59,599 of income in the first quarter of 2013.

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

6 Months Ended

Jun. 30, 2013

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 Six Months
(Amounts in thousands)			Ended June 30,				Ended June 30,
			2013		2012		2013		2012
Income (loss) from the mark-to-market of J.C. Penney derivative
	position		$	9,065	$	(58,732)	$	(13,475)	$	(57,687)
Income from prepayment penalties in connection with the
	repayment of a mezzanine loan			5,267		-		5,267		-
Interest on mezzanine loans receivable				4,940		3,165		10,017		6,015
Dividends and interest on marketable securities				2,770		4,846		5,540		11,093
Mark-to-market of investments in our deferred compensation plan⁽¹⁾				2,492		24		5,938		4,151
Non-cash impairment loss on J.C. Penney common shares				-		-		(39,487)		-
Other, net				1,882		1,525		3,542		2,921
			$	26,416	$	(49,172)	$	(22,658)	$	(33,507)
__________________________

(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.

Interest and Debt Expense (Tables)

6 Months Ended

Jun. 30, 2013

Interest Expense Debt [Abstract]

Interest And Debt Expense [Table Text Block]

	For the Three Months				For the Six Months
(Amounts in thousands)	Ended June 30,				Ended June 30,
	2013		2012		2013		2012
Interest expense	$	126,161	$	118,747	$	250,887	$	243,394
Amortization of deferred financing costs		4,833		5,918		10,255		11,346
Capitalized interest		(9,232)		(345)		(17,492)		(361)
	$	121,762	$	124,320	$	243,650	$	254,379

Income Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Income Per Share Tables [Abstract]

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

			For the Three Months				For the Six Months
(Amounts in thousands, except per share amounts)			Ended June 30,				Ended June 30,
			2013		2012		2013		2012
Numerator:
	Income from continuing operations, net of income attributable
		to noncontrolling interests	$	97,862	$	21,163	$	165,383	$	204,792
	Income from discontinued operations, net of income attributable
		to noncontrolling interests		60,332		17,134		255,733		85,027
	Net income attributable to Vornado			158,194		38,297		421,116		289,819
	Preferred share dividends			(20,368)		(17,787)		(42,070)		(35,574)
	Preferred unit and share redemptions			8,100		-		(1,130)		-
	Net income attributable to common shareholders			145,926		20,510		377,916		254,245
	Earnings allocated to unvested participating securities			(31)		(40)		(86)		(79)
	Numerator for basic income per share			145,895		20,470		377,830		254,166
	Impact of assumed conversions:
		Convertible preferred share dividends		27		-		55		57
	Numerator for diluted income per share		$	145,922	$	20,470	$	377,885	$	254,223

Denominator:
	Denominator for basic income per share – weighted average shares			186,931		185,673		186,842		185,521
	Effect of dilutive securities⁽¹⁾:
		Employee stock options and restricted share awards		742		669		737		700
		Convertible preferred shares		47		-		48		50
	Denominator for diluted income per share – weighted average
		shares and assumed conversions		187,720		186,342		187,627		186,271

INCOME PER COMMON SHARE – BASIC:
	Income from continuing operations, net		$	0.46	$	0.02	$	0.65	$	0.91
	Income from discontinued operations, net			0.32		0.09		1.37		0.46
	Net income per common share		$	0.78	$	0.11	$	2.02	$	1.37

INCOME PER COMMON SHARE – DILUTED:
	Income from continuing operations, net		$	0.46	$	0.02	$	0.65	$	0.91
	Income from discontinued operations, net			0.32		0.09		1.36		0.45
	Net income per common share		$	0.78	$	0.11	$	2.01	$	1.36


(1)		The effect of dilutive securities in the three months ended June 30, 2013 and 2012 excludes an aggregate of 11,913 and 14,002 weighted average common share equivalents, respectively, and 11,911 and 16,292 weighted average common share equivalents in the six months ended June 30, 2013 and 2012, respectively, as their effect was anti-dilutive.

Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Schedule of Segment Information


(Amounts in thousands)			For the Three Months Ended June 30, 2013
												Retail
				Total		New York			Washington, DC			Properties			Toys		Other
Property rentals				$	519,733	$	286,844		$	112,733		$	64,374		$	-	$	55,782
Straight-line rent adjustments					13,789		7,533			1,231			909			-		4,116
Amortization of acquired below-market
	leases, net				11,672		6,944			516			2,885			-		1,327
Total rentals					545,194		301,321			114,480			68,168			-		61,225
Tenant expense reimbursements					75,659		38,785			10,666			22,028			-		4,180
Cleveland Medical Mart development project					16,990		-			-			-			-		16,990
Fee and other income:
	BMS cleaning fees				16,509		20,979			-			-			-		(4,470)
	Signage revenue				8,347		8,347			-			-			-		-
	Management and leasing fees				6,435		2,854			3,459			320			-		(198)
	Lease termination fees				7,129		5,432			182			198			-		1,317
	Other income				9,595		3,254			5,530			283			-		528
Total revenues					685,858		380,972			134,317			90,997			-		79,572
Operating expenses					261,080		157,622			48,290			34,091			-		21,077
Depreciation and amortization					135,486		69,387			30,619			15,457			-		20,023
General and administrative					54,323		8,881			6,873			5,169			-		33,400
Cleveland Medical Mart development project					15,151		-			-			-			-		15,151
Acquisition related costs					3,350		-			-			-			-		3,350
Total expenses					469,390		235,890			85,782			54,717			-		93,001
Operating income (loss)					216,468		145,082			48,535			36,280			-		(13,429)
(Loss) applicable to Toys					(36,861)		-			-			-			(36,861)		-
Income (loss) from partially owned entities					1,472		4,226			(2,449)			423			-		(728)
Income from Real Estate Fund					34,470		-			-			-			-		34,470
Interest and other investment
	income (loss), net				26,416		1,443			6			(48)			-		25,015
Interest and debt expense					(121,762)		(42,835)			(27,854)			(12,435)			-		(38,638)
Net gain on disposition of wholly owned and
	partially owned assets				1,005		-			-			-			-		1,005
Income (loss) before income taxes					121,208		107,916			18,238			24,220			(36,861)		7,695
Income tax expense					(2,877)		(961)			(805)			(749)			-		(362)
Income (loss) from continuing operations					118,331		106,955			17,433			23,471			(36,861)		7,333
Income (loss) from discontinued operations					63,990		-			-			64,136			-		(146)
Net income (loss)					182,321		106,955			17,433			87,607			(36,861)		7,187
Less net income attributable to
	noncontrolling interests in:
	Consolidated subsidiaries				(14,930)		(1,381)			-			(13)			-		(13,536)
	Operating Partnership				(8,849)		-			-			-			-		(8,849)
	Preferred unit distributions of the
		Operating Partnership			(348)		-			-			-			-		(348)
Net income (loss) attributable to
	Vornado				158,194		105,574			17,433			87,594			(36,861)		(15,546)
Interest and debt expense⁽²⁾					179,461		54,546			31,245			13,715			37,730		42,225
Depreciation and amortization⁽²⁾					182,131		74,573			35,248			16,348			33,882		22,080
Income tax (benefit) expense ⁽²⁾					(22,366)		1,030			852			749			(25,697)		700
EBITDA⁽¹⁾				$	497,420	$	235,723	⁽³⁾	$	84,778	⁽⁴⁾	$	118,406	⁽⁵⁾	$	9,054	$	49,459	⁽⁶⁾


See notes on page 37.


(Amounts in thousands)			For the Three Months Ended June 30, 2012
												Retail
				Total		New York			Washington, DC			Properties			Toys		Other
Property rentals				$	484,016	$	245,948		$	118,014		$	64,554		$	-	$	55,500
Straight-line rent adjustments					20,647		17,065			1,258			2,276			-		48
Amortization of acquired below-market
	leases, net				12,570		7,623			508			2,950			-		1,489
Total rentals					517,233		270,636			119,780			69,780			-		57,037
Tenant expense reimbursements					71,409		36,985			10,862			20,986			-		2,576
Cleveland Medical Mart development project					56,304		-			-			-			-		56,304
Fee and other income:
	BMS cleaning fees				16,982		23,911			-			-			-		(6,929)
	Signage revenue				4,879		4,879			-			-			-		-
	Management and leasing fees				4,546		1,113			2,384			1,068			-		(19)
	Lease termination fees				479		233			128			1			-		117
	Other income				6,151		576			4,968			373			-		234
Total revenues					677,983		338,333			138,122			92,208			-		109,320
Operating expenses					243,485		143,190			47,416			33,708			-		19,171
Depreciation and amortization					128,372		56,665			35,017			18,495			-		18,195
General and administrative					46,832		6,654			6,231			6,367			-		27,580
Cleveland Medical Mart development project					53,935		-			-			-			-		53,935
Acquisition related costs					2,559		-			-			-			-		2,559
Total expenses					475,183		206,509			88,664			58,570			-		121,440
Operating income (loss)					202,800		131,824			49,458			33,638			-		(12,120)
(Loss) applicable to Toys					(19,190)		-			-			-			(19,190)		-
Income (loss) from partially owned entities					12,563		6,851			(519)			294			-		5,937
Income from Real Estate Fund					20,301		-			-			-			-		20,301
Interest and other investment
	(loss) income, net				(49,172)		1,057			29			6			-		(50,264)
Interest and debt expense					(124,320)		(36,407)			(27,999)			(16,170)			-		(43,744)
Net gain on disposition of wholly owned and
	partially owned assets				4,856		-			-			-			-		4,856
Income (loss) before income taxes					47,838		103,325			20,969			17,768			(19,190)		(75,034)
Income tax expense					(7,479)		(1,064)			(852)			-			-		(5,563)
Income (loss) from continuing operations					40,359		102,261			20,117			17,768			(19,190)		(80,597)
Income (loss) from discontinued operations					17,869		(32)			2,956			16,254			-		(1,309)
Net income (loss)					58,228		102,229			23,073			34,022			(19,190)		(81,906)
Less net (income) loss attributable to
	noncontrolling interests in:
	Consolidated subsidiaries				(14,721)		(2,998)			-			97			-		(11,820)
	Operating Partnership				(1,337)		-			-			-			-		(1,337)
	Preferred unit distributions of the
		Operating Partnership			(3,873)		-			-			-			-		(3,873)
Net income (loss) attributable to
	Vornado				38,297		99,231			23,073			34,119			(19,190)		(98,936)
Interest and debt expense⁽²⁾					190,942		46,413			32,549			20,102			37,293		54,585
Depreciation and amortization⁽²⁾					184,028		63,664			39,656			22,131			32,505		26,072
Income tax (benefit) expense⁽²⁾					(5,214)		1,113			1,034			-			(14,103)		6,742
EBITDA⁽¹⁾				$	408,053	$	210,421	⁽³⁾	$	96,312	⁽⁴⁾	$	76,352	⁽⁵⁾	$	36,505	$	(11,537)	⁽⁶⁾


See notes on page 37.


(Amounts in thousands)			For the Six Months Ended June 30, 2013
												Retail
				Total		New York			Washington, DC			Properties			Toys		Other
Property rentals				$	1,018,247	$	561,494		$	225,005		$	128,785		$	-	$	102,963
Straight-line rent adjustments					32,297		17,859			4,008			2,367			-		8,063
Amortization of acquired below-market
	leases, net				28,506		19,033			1,022			5,775			-		2,676
Total rentals					1,079,050		598,386			230,035			136,927			-		113,702
Tenant expense reimbursements					152,415		81,456			20,802			42,404			-		7,753
Cleveland Medical Mart development project					29,133		-			-			-			-		29,133
Fee and other income:
	BMS cleaning fees				33,173		42,001			-			-			-		(8,828)
	Signage revenue				14,828		14,828			-			-			-		-
	Management and leasing fees				11,693		4,918			6,266			799			-		(290)
	Lease termination fees				67,155		5,490			550			59,797			-		1,318
	Other income				18,390		3,969			11,395			859			-		2,167
Total revenues					1,405,837		751,048			269,048			240,786			-		144,955
Operating expenses					520,953		317,853			95,612			68,090			-		39,398
Depreciation and amortization					277,570		145,621			61,569			32,177			-		38,203
General and administrative					108,905		17,703			13,798			10,584			-		66,820
Cleveland Medical Mart development project					26,525		-			-			-			-		26,525
Acquisition related costs					3,951		-			-			-			-		3,951
Total expenses					937,904		481,177			170,979			110,851			-		174,897
Operating income (loss)					467,933		269,871			98,069			129,935			-		(29,942)
(Loss) applicable to Toys					(35,102)		-			-			-			(35,102)		-
Income (loss) from partially owned entities					22,238		9,831			(4,542)			1,324			-		15,625
Income from Real Estate Fund					51,034		-			-			-			-		51,034
Interest and other investment (loss)
	income, net				(22,658)		2,608			82			4			-		(25,352)
Interest and debt expense					(243,650)		(83,453)			(56,104)			(24,076)			-		(80,017)
Net loss on disposition of wholly owned and
	partially owned assets				(35,719)		-			-			-			-		(35,719)
Income (loss) before income taxes					204,076		198,857			37,505			107,187			(35,102)		(104,371)
Income tax expense					(3,950)		(1,233)			(1,183)			(749)			-		(785)
Income (loss) from continuing operations					200,126		197,624			36,322			106,438			(35,102)		(105,156)
Income from discontinued operations					271,122		-			-			270,849			-		273
Net income (loss)					471,248		197,624			36,322			377,287			(35,102)		(104,883)
Less net income attributable to
	noncontrolling interests in:
	Consolidated subsidiaries				(26,216)		(2,962)			-			(109)			-		(23,145)
	Operating Partnership				(22,782)		-			-			-			-		(22,782)
	Preferred unit distributions of the
		Operating Partnership			(1,134)		-			-			-			-		(1,134)
Net income (loss) attributable to
	Vornado				421,116		194,662			36,322			377,178			(35,102)		(151,944)
Interest and debt expense⁽²⁾					368,241		104,235			62,998			27,938			80,912		92,158
Depreciation and amortization⁽²⁾					376,316		152,986			70,396			34,867			71,556		46,511
Income tax expense⁽²⁾					38,393		1,377			1,306			749			33,649		1,312
EBITDA⁽¹⁾				$	1,204,066	$	453,260	⁽³⁾	$	171,022	⁽⁴⁾	$	440,732	⁽⁵⁾	$	151,015	$	(11,963)	⁽⁶⁾

See notes on page 37.


(Amounts in thousands)			For the Six Months Ended June 30, 2012
											Retail
			Total		New York			Washington, DC			Properties			Toys		Other
Property rentals			$	958,447	$	479,884		$	240,818		$	129,146		$	-	$	108,599
Straight-line rent adjustments				41,966		34,194			3,115			3,580			-		1,077
Amortization of acquired below-market
	leases, net			26,313		15,318			1,031			7,107			-		2,857
Total rentals				1,026,726		529,396			244,964			139,833			-		112,533
Tenant expense reimbursements				141,906		73,697			20,870			41,962			-		5,377
Cleveland Medical Mart development project				111,363		-			-			-			-		111,363
Fee and other income:
	BMS cleaning fees			32,492		46,558			-			-			-		(14,066)
	Signage revenue			9,469		9,469			-			-			-		-
	Management and leasing fees			9,300		2,221			5,167			1,904			-		8
	Lease termination fees			890		256			128			1			-		505
	Other income			14,164		2,333			10,558			714			-		559
Total revenues				1,346,310		663,930			281,687			184,414			-		216,279
Operating expenses				489,462		288,862			93,618			68,189			-		38,793
Depreciation and amortization				259,767		110,424			77,570			36,256			-		35,517
General and administrative				102,122		15,241			13,181			12,700			-		61,000
Cleveland Medical Mart development project				106,696		-			-			-			-		106,696
Acquisition related costs				3,244		-			-			-			-		3,244
Total expenses				961,291		414,527			184,369			117,145			-		245,250
Operating income (loss)				385,019		249,403			97,318			67,269			-		(28,971)
Income applicable to Toys				97,281		-			-			-			97,281		-
Income (loss) from partially owned entities				32,223		11,036			(2,389)			698			-		22,878
Income from Real Estate Fund				32,063		-			-			-			-		32,063
Interest and other investment (loss)
	income, net			(33,507)		2,109			73			20			-		(35,709)
Interest and debt expense				(254,379)		(72,548)			(57,097)			(32,522)			-		(92,212)
Net gain on disposition of wholly owned and
	partially owned assets			4,856		-			-			-			-		4,856
Income (loss) before income taxes				263,556		190,000			37,905			35,465			97,281		(97,095)
Income tax expense				(14,304)		(1,665)			(1,302)			-			-		(11,337)
Income (loss) from continuing operations				249,252		188,335			36,603			35,465			97,281		(108,432)
Income (loss) from discontinued operations				89,240		(640)			4,542			26,473			-		58,865
Net income (loss)				338,492		187,695			41,145			61,938			97,281		(49,567)
Less net (income) loss attributable to
	noncontrolling interests in:
	Consolidated subsidiaries			(24,318)		(5,174)			-			211			-		(19,355)
	Operating Partnership			(16,608)		-			-			-			-		(16,608)
	Preferred unit distributions of the
		Operating Partnership		(7,747)		-			-			-			-		(7,747)
Net income (loss) attributable to
	Vornado			289,819		182,521			41,145			62,149			97,281		(93,277)
Interest and debt expense⁽²⁾				384,024		93,471			66,206			40,540			68,862		114,945
Depreciation and amortization⁽²⁾				375,201		125,575			87,916			44,406			67,211		50,093
Income tax expense⁽²⁾				46,226		1,806			1,557			-			29,100		13,763
EBITDA⁽¹⁾			$	1,095,270	$	403,373	⁽³⁾	$	196,824	⁽⁴⁾	$	147,095	⁽⁵⁾	$	262,454	$	85,524	⁽⁶⁾


See notes on the following page.

22. 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 elements of "New York" EBITDA are summarized below.

				For the Three Months				For the Six Months
				Ended June 30,				Ended June 30,
	(Amounts in thousands)			2013		2012		2013		2012
	Office			$	158,186	$	142,077	$	304,482	$	277,257
	Retail				57,230		45,577		117,612		90,497
	Alexander's (decrease due to sale of Kings Plaza
		in November 2012)			10,213		13,026		20,754		26,397
	Hotel Pennsylvania				10,094		9,741		10,412		9,222
		Total New York		$	235,723	$	210,421	$	453,260	$	403,373


(4)	The elements of "Washington, DC" EBITDA are summarized below.

				For the Three Months				For the Six Months
				Ended June 30,				Ended June 30,
	(Amounts in thousands)			2013		2012		2013		2012
	Office, excluding the Skyline Properties			$	66,136	$	74,953	$	133,243	$	153,287
	Skyline properties				7,543		10,661		15,705		22,191
		Total Office			73,679		85,614		148,948		175,478
	Residential				11,099		10,698		22,074		21,346
		Total Washington, DC		$	84,778	$	96,312	$	171,022	$	196,824


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

				For the Three Months				For the Six Months
				Ended June 30,				Ended June 30,
	(Amounts in thousands)			2013		2012		2013		2012
	Strip shopping centers^(a)			$	101,529	$	52,268	$	204,890	$	99,176
	Regional malls^(b)				16,877		24,084		235,842		47,919
		Total Retail properties		$	118,406	$	76,352	$	440,732	$	147,095


	(a)		The three and six months ended June 30, 2013, includes a $33,058 net gain on sale of Philadelphia (Market Street) and a $32,169 net gain on sale of San Jose (The Plant). The six months ended June 30, 2013, includes $59,599 of income pursuant to a settlement agreement with Stop & Shop.

	(b)		The six months ended June 30, 2013, includes a $202,275 net gain on sale of Green Acres Mall.

Details of Other EBITDA (Table)

22. Segment Information - continued

	Notes to preceding tabular information - continued:


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

				For the Three Months				For the Six Months
				Ended June 30,				Ended June 30,
	(Amounts in thousands)			2013		2012		2013		2012
	Our share of Real Estate Fund:
		(Loss) income before net realized/unrealized gains		$	(1,713)	$	170	$	(251)	$	2,288
		Net unrealized gains			8,398		5,284		11,777		6,995
		Carried interest			13,426		2,541		15,609		2,541
	Total				20,111		7,995		27,135		11,824
	Merchandise Mart Building, 7 West 34th Street and trade shows				22,448		17,349		37,161		32,649
	555 California Street				11,022		10,377		21,651		20,692
	LNR^(a)				-		11,671		20,443		27,233
	Lexington^(b)				-		7,703		6,931		16,921
	Other investments				8,014		11,523		12,890		20,823
					61,595		66,618		126,211		130,142
	Corporate general and administrative expenses^(c)				(24,831)		(21,812)		(47,587)		(44,129)
	Investment income and other, net^(c)				16,709		15,294		28,045		27,628
	Income (loss) from the mark-to-market of J.C. Penney
		derivative position			9,065		(58,732)		(13,475)		(57,687)
	Acquisition related costs				(3,350)		(2,559)		(3,951)		(3,244)
	Severance costs (primarily reduction in force at
		the Merchandise Mart)			(1,542)		-		(4,154)		(506)
	Net gain on sale of residential condominiums				1,005		1,274		1,005		1,274
	Merchandise Mart discontinued operations (including
		net gains on sale of assets)			5		(6,410)		2,146		56,401
	Non-cash impairment loss on J.C. Penney common shares				-		-		(39,487)		-
	Loss on sale of J.C. Penney common shares				-		-		(36,800)		-
	Net income attributable to noncontrolling interests in
		the Operating Partnership			(8,849)		(1,337)		(22,782)		(16,608)
	Preferred unit distributions of the Operating Partnership				(348)		(3,873)		(1,134)		(7,747)
				$	49,459	$	(11,537)	$	(11,963)	$	85,524


	(a)		On April 22, 2013, LNR was sold (see page 14 for details).

	(b)		In the first quarter of 2013, we began accounting for our investment in Lexington as a marketable equity security - available for sale (see page 12 for details).

	(c)		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)	6 Months Ended
Organization (Details)	Jun. 30, 2013
Organization And Business Details [Abstract]
Common limited partnership interest in the Operating Partnership	94.00%

Vornado Capital Partners Real Estate Fund (the "Fund") (Narratives) (Details)	6 Months Ended
	Jun. 30, 2013 USD ($) Investments	Dec. 31, 2012 USD ($)
Investment Holdings [Line Items]
Aggregate Fair Value Real Estate Fund investments	$ 622,124,000	$ 600,786,000
Real Estate Funds [Member]
Investment Holdings [Line Items]
Capital Commitments For Real Estate Fund	$ 800,000,000
Term of the Fund, years	8 years
Investment period for commitments of the Fund, years	3 years
Number Of Investments Made By Fund \| Investments	10
Aggregate Fair Value Real Estate Fund investments	$ 622,124,000
Excess of fair value over cost	114,751,000
Unfunded Commitments Of Fund	246,582,000
Vornado Realty Trust [Member]
Investment Holdings [Line Items]
Capital Commitments For Real Estate Fund	200,000,000
Unfunded Commitments Of Fund	$ 61,645,000

Vornado Capital Partners Real Estate Fund (the "Fund") (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Details Of Income From Real Estate Funds [Abstract]
Income from Real Estate Fund	$ 34,470	$ 20,301	$ 51,034	$ 32,063
Less income attributable to noncontrolling interests	(14,930)	(14,721)	(26,216)	(24,318)
Income from Real Estate Fund attributable to Vornado	20,111	7,995	27,135	11,824
Fee And Other Income	48,015	33,037	145,239	66,315
Real Estate Funds [Member]
Details Of Income From Real Estate Funds [Abstract]
Less income attributable to noncontrolling interests	(14,359)	(12,306)	(23,899)	(20,239)
Fee And Other Income	827	717	1,676	1,420
Operating Income [Member]
Details Of Income From Real Estate Funds [Abstract]
Income from Real Estate Fund	877	(834)	3,925	4,084
Unrealized Gain From Mark To Market [Member]
Details Of Income From Real Estate Funds [Abstract]
Income from Real Estate Fund	$ 33,593	$ 21,135	$ 47,109	$ 27,979

Mortgage and Mezzanine Loans Receivable (Narratives) (Details) - USD ($) $ in Thousands			3 Months Ended		6 Months Ended
	Apr. 17, 2013	Mar. 27, 2013	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage and mezzanine loans receivable			$ 175,699		$ 175,699		$ 225,359
Mezzanine Loan Receivable Weighted Average Interest Rate			10.80%		10.80%		10.30%
Mezzanine Loans Receiveable - Maturity Start Date			August 2014		August 2014
Mezzanine Loans Receiveable - Maturity End Date			May 2016		May 2016
Proceeds from repayments of mortgage and mezzanine loans receivable and other					$ 47,950	$ 1,994
Interest and other investment (loss) income, net			$ 26,416	$ (49,172)	(22,658)	$ (33,507)
Other liabilities			$ 436,877		$ 436,877		$ 400,938
NY 701 Seventh Avenue [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from the sale of participation right in mortgage and mezzanine loan receivable		$ 59,375
Other liabilities		$ 59,375
Percentage Of Participation In Mortgage Interest Sold		25.00%
Other Mezzanine Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mezzanine Loan Repaid	$ 50,091
Mezzanine Loan Receivable - Maturity Date	August 2015
Proceeds From Collection Of Notes Receivable Including Prepayment Penalty	$ 55,358
Interest and other investment (loss) income, net	$ 5,267

Marketable Securities and Derivative Instruments: Derivative Instruments (Narratives) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended			6 Months Ended
	Mar. 04, 2013	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Derivative [Line Items]
Non-cash impairment loss on J.C. Penney common shares					$ 39,487	$ 0
Derivative Gain On Derivative					$ (13,475)	(57,687)
JC Penney [Member]
Derivative [Line Items]
Sale of Stock, Number of Shares	10,000,000
Sale price, per share (in dollars per share)	$ 16.03
Proceeds From Sale Of JC Penney Common Shares	$ 160,300
Net loss on sale of common shares in J.C Penney	$ (36,800)
Number of shares owned		13,400,000			13,400,000
Ownership Percentage		6.10%			6.10%
Closing share price (in dollars per share)		$ 17.08			$ 17.08		$ 15.11
Non-cash impairment loss on J.C. Penney common shares			$ 39,487
Net economic gain or (loss) on investment in marketable securities		$ 201,119			$ 201,119
Lexington Realty Trust [Member] \| Minimum [Member]
Derivative [Line Items]
Ownership Percentage		8.80%			8.80%
Lexington Realty Trust [Member] \| Maximum [Member]
Derivative [Line Items]
Ownership Percentage		17.20%			17.20%
Shares Owned [Member] \| JC Penney [Member]
Derivative [Line Items]
Number of shares owned		8,584,010			8,584,010
Investment Owned, at Cost		$ 129,704			$ 129,704
Investment Owned At Fair Value		$ 146,615			$ 146,615
Forward Contracts [Member] \| JC Penney [Member]
Derivative [Line Items]
Number of shares owned		4,815,990			4,815,990
Strike price of common shares held under forward contract (in dollars per share)		$ 29.27			$ 29.27
Notional Amount Of Price Risk Derivatives		$ 140,947			$ 140,947
Derivative Maturity Date					Oct. 08, 2022
Funding Related To Derivative Position					$ 69,377
Percentage Increase In Forward Contract Strike Price For First Two Years		0.95%			0.95%
Percentage Increase In Forward Contract Strike Price For Third Year Onward		0.80%			0.80%
Description Of Basis Spread For Increase In Strike Price		LIBOR			LIBOR
Derivative Gain On Derivative		$ 9,065		$ (58,732)	$ (13,475)	$ (57,687)

Marketable Securities and Derivative Instruments: Marketable Securities (Details 1) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]
Marketable equity securities - available for sale	$ 402,935	$ 398,188
Available-for-sale Equity Securities, Amortized Cost Basis	214,365	378,756
Available-for-sale Securities, Gross Unrealized Gain (Loss)	188,570	19,432
Lexington Realty Trust [Member]
Schedule of Available-for-sale Securities [Line Items]
Marketable equity securities - available for sale	215,718	0
Available-for-sale Equity Securities, Amortized Cost Basis	72,549	0
Available-for-sale Securities, Gross Unrealized Gain (Loss)	143,169	0
JC Penney [Member]
Schedule of Available-for-sale Securities [Line Items]
Marketable equity securities - available for sale	146,615	366,291
Available-for-sale Equity Securities, Amortized Cost Basis	129,704	366,291
Available-for-sale Securities, Gross Unrealized Gain (Loss)	16,911	0
Other Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Marketable equity securities - available for sale	40,602	31,897
Available-for-sale Equity Securities, Amortized Cost Basis	12,112	12,465
Available-for-sale Securities, Gross Unrealized Gain (Loss)	$ 28,490	$ 19,432

- Definition

Amount of equity securities categorized neither as held-to-maturity nor as trading.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 25
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=7534914&loc=d3e22054-111558

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26610-111562

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 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.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 3
-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 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 86-40
-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 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 12
-Subparagraph b
-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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 22
-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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 13
-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 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 19
-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

Investments in Partially Owned Entities (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended							6 Months Ended
	Apr. 22, 2013	Jun. 30, 2013	May 04, 2013	Mar. 31, 2013	Feb. 02, 2013	Dec. 31, 2012	Jun. 30, 2012	Apr. 28, 2012	Jun. 30, 2013	May 04, 2013	Jun. 30, 2012	Apr. 28, 2012	Apr. 24, 2013	Oct. 27, 2012
Equity Method Investments And Income From Equity Method Investments [Abstract]
Carrying amount of investments in partially owned entities		$ 1,449,408				$ 1,704,297			$ 1,449,408
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		$ (35,389)					$ (6,627)		$ (12,864)		$ 129,504
Toys R Us [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage		32.60%							32.60%
Non-cash impairment charges					$ 118,542	40,000			$ 118,542
Carrying amount of investments in partially owned entities		$ 417,764				478,041			417,764
Condensed Financial Information For Equity Method Investments [Abstract]
Assets			$ 11,303,000							$ 11,303,000				$ 12,953,000
Liabilities			9,475,000							9,475,000				11,190,000
Noncontrolling interests			67,000							67,000				44,000
Equity			1,761,000							1,761,000				$ 1,719,000
Total revenue			2,408,000					$ 2,612,000		8,178,000		$ 8,537,000
Net (loss) income attributable to investee			$ (119,000)					$ (66,000)		$ 122,000		$ 283,000
Other Financial Data For Equity Method Investments [Abstract]
Excess of investee's carrying amount over equity in net assets		146,215							146,215
Income Loss From Equity Method Investments		(36,861)					(19,190)		(35,102)		97,281
Toys R Us [Member] \| Equity in net income [Member]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		(64,372)					(35,664)		73,516		121,723
Toys R Us [Member] \| Income Tax Benefit [Member]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		25,664					14,103		(33,682)		(29,100)
Toys R Us [Member] \| Equity In Net Income After Income Taxes [Member]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		(38,708)					(21,561)		39,834		92,623
Toys R Us [Member] \| Impairment Loss [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Fair value of invesements in Toys R Us				$ 78,542
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		0					0		(78,542)		0
Toys R Us [Member] \| Management Fees [Member]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		$ 1,847					2,371		$ 3,606		4,658
Alexanders Inc [Member]
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 entities		$ 170,181				171,013			$ 170,181
Condensed Financial Information For Equity Method Investments [Abstract]
Assets		1,469,000				1,482,000			1,469,000
Liabilities		1,136,000				1,150,000			1,136,000
Equity		333,000				332,000			333,000
Total revenue		47,000					47,000		96,000		94,000
Net (loss) income attributable to investee		$ 13,000					19,000		$ 27,000		38,000
Other Financial Data For Equity Method Investments [Abstract]
Ownership common shares, investee (in shares)		1,654,068							1,654,068
Fees owed by Alexander's under management agreements		$ 44,883							$ 44,883
Closing share price (in dollars per share)		$ 293.71							$ 293.71
Equity Method Investment Market Value		$ 485,816							$ 485,816
Excess of investee's fair value over carrying amount		315,635							315,635
Excess of investee's carrying amount over equity in net assets		43,292							43,292
Income Loss From Equity Method Investments		5,751					7,848		11,827		15,869
Alexanders Inc [Member] \| Equity in net income [Member]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		4,077					5,941		8,486		12,073
Alexanders Inc [Member] \| Management Leasing And Development Fees [Member]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		1,674					1,907		3,341		3,796
Lexington Realty Trust [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Carrying amount of investments in partially owned entities		0				75,542			0
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		0					(236)		(979)		694
LNR [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage				26.20%
Carrying amount of investments in partially owned entities		0		$ 241,000		224,724			0
Other Financial Data For Equity Method Investments [Abstract]
Proceeds From Sale Of Equity Method Investments	$ 241,000
Sales Of Real Estate	$ 1,053,000
Income Loss From Equity Method Investments		0		$ 18,731			9,469		18,731		22,719
India real estate ventures [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Carrying amount of investments in partially owned entities		90,717				95,516			90,717
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		$ (414)					(3,815)		$ (1,181)		(4,608)
India real estate ventures [Member] \| Minimum [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage		4.00%							4.00%
India real estate ventures [Member] \| Maximum [Member]
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]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		$ (1,042)					120		$ (1,624)		(3,976)
Partially owned office buildings [Member] \| Park Avenue 280 [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 entities		$ 207,956				197,516			$ 207,956
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		(2,021)					(1,955)		(4,590)		(7,550)
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 entities		60,345				62,627			60,345
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		$ (1,005)					145		$ (1,451)		303
Partially owned office buildings [Member] \| Rosslyn Plaza [Member] \| Minimum [Member]
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] \| Maximum [Member]
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 entities		$ 56,696				57,033			$ 56,696
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		$ 196					252		$ 368		565
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 entities		$ 54,367				50,509			$ 54,367
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		$ (83)					303		$ 374		634
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 entities		$ 38,664				35,527			$ 38,664
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		$ 1,899					1,785		$ 3,918		3,500
Partially owned office buildings [Member] \| Madison Avenue 330 [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 entities		$ 32,766				30,277			$ 32,766
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		$ 1,185					18		$ 2,489		812
Partially owned office buildings [Member] \| Washington DC Office 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 entities		$ 11,754				8,775			$ 11,754
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		$ (1,996)					(1,589)		$ (4,342)		(4,599)
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 entities		$ 5,242				5,368			$ 5,242
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		(18)					(40)		(63)		(52)
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 entities		9,508				9,315			9,508
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		$ 565					555		$ 1,053		1,082
Partially owned office buildings [Member] \| Washington DC Office 1101 17th Street [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage		55.00%							55.00%
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		$ 236					646		$ 620		1,329
Other equity method investments [Member]
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		(2,823)					(823)		(4,536)		1,525
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%
Carrying amount of investments in partially owned entities		0				48,122			0
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		$ 16					(500)		$ (2,358)		(834)
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 entities		$ 7,248				7,205			$ 7,248
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		426					298		1,285		660
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 entities		119,631				147,187			119,631
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		$ (2,147)					(2,354)		$ (2,345)		(1,716)
Other equity method investments [Member] \| Independence Plaza [Member]
Equity Method Investments And Income From Equity Method Investments [Abstract]
Equity method ownership percentage		50.10%							50.10%
Carrying amount of investments in partially owned entities		$ 166,569				$ 0			$ 166,569
Other Financial Data For Equity Method Investments [Abstract]
Income Loss From Equity Method Investments		(1,118)					$ 1,733		(1,118)		$ 3,415
Other equity method investments [Member] \| Independence Plaza [Member] \| Non-controlling Interests
Equity Method Investments And Income From Equity Method Investments [Abstract]
Carrying amount of investments in partially owned entities		$ 26,679							$ 26,679

Investments in Partially Owned Entities (Details 1) $ in Thousands	Jun. 07, 2013 USD ($)	Dec. 21, 2012 USD ($) Residential	Jun. 30, 2013 USD ($)	Dec. 31, 2012 USD ($)
Business Acquisition [Line Items]
Purchase Price Allocation, Assets Acquired				$ 844,800
Debt Instruments [Abstract]
Mortgages payable			$ 8,582,573	8,663,326
Land [Member]
Business Acquisition [Line Items]
Purchase Price Allocation, Land		$ 309,848
Purchase Price Allocation, Assets Acquired				602,662
Building Improvements [Member]
Business Acquisition [Line Items]
Purchase Price Allocation, Buildings		$ 527,578
Purchase Price Allocation, Assets Acquired				252,844
Acquired above-market leases (included in identified intangible assets) [Member]
Business Acquisition [Line Items]
Purchase Price Allocation, Assets Acquired				13,115
Acquired in-place leases (included in other assets) [Member]
Business Acquisition [Line Items]
Purchase Price Allocation, Assets Acquired				67,879
Other Assets [Member]
Business Acquisition [Line Items]
Purchase Price Allocation, Assets Acquired				7,374
Acquired below-market leases (included in deferred revenue) [Member]
Business Acquisition [Line Items]
Purchase Price Allocation, Assets Acquired				$ (99,074)
Independence Plaza [Member]
Business Acquisition [Line Items]
Variable Interest Entity Ownership Percentage		58.75%
Number of Units in Real Estate Property \| Residential		1,328
Debt Instruments [Abstract]
Mortgages payable	$ 323,000
Net proceeds after repaying the existing loan and closing costs	$ 219,000
Equity Method Investment, Ownership Percentage Sold	8.65%
Sale of economic interest, value	$ 41,000
Vornado's economic interest in subsidiary after sale	50.10%
Independence Plaza [Member] \| Vornado Realty Trust [Member]
Debt Instruments [Abstract]
Net proceeds after repaying the existing loan and closing costs	$ 137,000
Independence Plaza [Member] \| Five year interest only loan bearing interest rate of 3.48%
Debt Instruments [Abstract]
Mortgages payable	$ 550,000
Debt Term	5 years
Interest Rate, End of Period	3.48%

Investments in Partially Owned Entities - Debt (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity Method Investment Pro Rata Share Debt Of Partially Owned Entities	$ 3,831,483		$ 29,443,128
Equity Method Investment Prorata Share Debt Of Partially Owned Entities Excluding Our Pro Rata Share Of Lnr Liabilities Related To Cmbs And Cdo			3,998,929
Toys R Us [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	32.60%
Debt Instrument, Interest Rate at Period End	7.83%
Equity Method Investment Debt Of Partially Owned Entities	$ 5,158,005		5,683,733
Toys R Us [Member] \| Minimum [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Maturity, Range, Start	2014
Toys R Us [Member] \| Maximum [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Maturity, Range, End	2021
Alexanders Inc [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	32.40%
Debt Instrument, Interest Rate at Period End	3.85%
Equity Method Investment Debt Of Partially Owned Entities	$ 1,058,028		1,065,916
Alexanders Inc [Member] \| Minimum [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Maturity, Range, Start	2014
Alexanders Inc [Member] \| Maximum [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Maturity, Range, End	2018
Lexington Realty Trust [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity Method Investment Debt Of Partially Owned Entities	$ 0		1,994,179
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	0		97,521,521
LNR [Member] \| LNR mortgage notes payable [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity Method Investment Debt Of Partially Owned Entities	0		309,787
LNR [Member] \| Liabilities Of Consolidated CMBS And CDO Trusts [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity Method Investment Debt Of Partially Owned Entities	0		97,211,734
Partially owned office buildings [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity Method Investment Debt Of Partially Owned Entities	$ 2,781,735		2,731,893
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	$ 1,139,585		1,109,700
Partially owned office buildings [Member] \| Park Avenue 280 [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	6.64%
Equity Method Investment Debt Of Partially Owned Entities	$ 738,462		738,228
Partially owned office buildings [Member] \| Washington DC Office 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] \| Madison Avenue 330 [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	1.69%
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	$ 69,681		70,127
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	$ 19,899		20,434
Partially owned office buildings [Member] \| Other Mortgage Notes Payable Collateralized By Real Estate [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Debt Instrument, Interest Rate at Period End	6.37%
Equity Method Investment Debt Of Partially Owned Entities	$ 69,424		69,704
Partially owned office buildings [Member] \| Washington DC Office 1101 17th Street [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	55.00%
Debt Instrument Maturity Date (String)	01/15
Debt Instrument, Interest Rate at Period End	1.44%
Equity Method Investment Debt Of Partially Owned Entities	$ 31,000		31,000
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, Interest Rate at Period End	13.62%
Equity Method Investment Debt Of Partially Owned Entities	$ 222,016		236,579
India real estate ventures [Member] \| Tcg Urban Infrastructure Holdings [Member] \| Minimum [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Maturity, Range, Start	2013
India real estate ventures [Member] \| Tcg Urban Infrastructure Holdings [Member] \| Maximum [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Maturity, Range, End	2022
Other equity method investments [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity Method Investment Debt Of Partially Owned Entities	$ 1,679,400		1,150,543
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	$ 158,882		159,896
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	5.00%
Equity Method Investment Debt Of Partially Owned Entities	$ 970,518		990,647
Other equity method investments [Member] \| Independence Plaza [Member]
Schedule Of Long Term Debt Equity Method Investments [Line Items]
Equity method ownership percentage	50.10%
Debt Instrument Maturity Date (String)	06/18
Debt Instrument, Interest Rate at Period End	3.48%
Equity Method Investment Debt Of Partially Owned Entities	$ 550,000		$ 0

Investments in Partially Owned Entities (Parentheticals) (Details) - USD ($) $ in Thousands	Apr. 24, 2013	Jun. 30, 2013
Downtown Crossing [Member]
Sale Of Interest	$ 45,000
Impairment loss	$ 2,355
Toys R Us [Member]
Equity method ownership percentage		32.60%

Discontinued Operations (Narratives) (Details) $ in Thousands				3 Months Ended		6 Months Ended
	Apr. 15, 2013 USD ($)	Jan. 24, 2013 USD ($)	Jan. 06, 2012 USD ($)	Jun. 30, 2013 USD ($)	Jun. 30, 2012 USD ($)	Jun. 30, 2013 USD ($) Properties	Jun. 30, 2012 USD ($) Properties
Retail Segment Strip Shopping Centers [Member]
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract]
Number Of Real Estate Properties Sold \| Properties						9
West Mart Center 350 [Member]
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract]
Gain Loss On Disposal Of Discontinued Operations			$ 54,911	$ 0	$ 0	$ 0	$ 54,911
Cash proceeds from the sale of real estate			$ 228,000
Plant [Member]
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract]
Gross proceeds from the sale of real estate	$ 203,000
Gain Loss On Disposal Of Discontinued Operations	32,169			32,169	0	32,169	0
Net proceeds from the sale of real estate	98,000
Green Acres Mall [Member]
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract]
Gross proceeds from the sale of real estate		$ 500,000
Gain Loss On Disposal Of Discontinued Operations		202,275		0	0	202,275	0
Net proceeds from the sale of real estate		$ 185,000
Gallery At Market Street [Member]
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract]
Gain Loss On Disposal Of Discontinued Operations				33,058	0	33,058	0
Other Real Estate [Member]
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract]
Gain Loss On Disposal Of Discontinued Operations				$ 438	$ 16,896	492	17,802
Retail Properties Segment [Member] \| Retail Segment Strip Shopping Centers [Member]
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract]
Gain Loss On Disposal Of Discontinued Operations							17,802
Cash proceeds from the sale of real estate							$ 136,000
Number Of Real Estate Properties Sold \| Properties							11
Retail Properties Segment [Member] \| Gallery At Market Street [Member] \| Subsequent Event [Member]
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract]
Gross proceeds from the sale of real estate	60,000
Gain Loss On Disposal Of Discontinued Operations	33,058
Net proceeds from the sale of real estate	$ 58,000
Retail And Other Segment Properties [Member]
Disposal Group Including Discontinued Operation Additional Disclosures [Abstract]
Gain Loss On Disposal Of Discontinued Operations						492
Cash proceeds from the sale of real estate						$ 40,200
Number Of Real Estate Properties Sold \| Properties						10

Discontinued Operations (Details 1) - USD ($) $ in Thousands				3 Months Ended		6 Months Ended
	Apr. 15, 2013	Jan. 24, 2013	Jan. 06, 2012	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Disposal Group Including Discontinued Operation Unclassified Balance Sheet Disclosures Abstract
Assets related to discontinued operations				$ 63,573		$ 63,573		$ 602,000
Liabilities related to discontinued operations				2,677		2,677		423,163
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract]
Total revenues				4,668	$ 45,286	29,391	$ 106,134
Total expenses				3,850	30,802	22,256	76,096
Income from discontinued operations before gain on sale of real estate				818	14,484	7,135	30,038
Impairment loss				(2,493)	(13,511)	(4,007)	(13,511)
Income from discontinued operations				63,990	17,869	271,122	89,240
Gallery At Market Street [Member]
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract]
Gain Loss On Disposal Of Discontinued Operations				33,058	0	33,058	0
Plant [Member]
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract]
Gain Loss On Disposal Of Discontinued Operations	$ 32,169			32,169	0	32,169	0
Green Acres Mall [Member]
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract]
Gain Loss On Disposal Of Discontinued Operations		$ 202,275		0	0	202,275	0
350 West Mart Center [Member]
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract]
Gain Loss On Disposal Of Discontinued Operations			$ 54,911	0	0	0	54,911
Other Real Estate [Member]
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract]
Gain Loss On Disposal Of Discontinued Operations				438	16,896	492	17,802
Retail Properties Segment [Member]
Disposal Group Including Discontinued Operation Unclassified Balance Sheet Disclosures Abstract
Assets related to discontinued operations				56,348		56,348		568,501
Liabilities related to discontinued operations				2,677		2,677		423,163
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract]
Income from discontinued operations				64,136	16,254	270,849	26,473
Other Segment [Member]
Disposal Group Including Discontinued Operation Unclassified Balance Sheet Disclosures Abstract
Assets related to discontinued operations				7,225		7,225		33,499
Liabilities related to discontinued operations				0		0		$ 0
Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract]
Income from discontinued operations				$ (146)	$ (1,309)	$ 273	$ 58,865

Identified Intangible Assets and Intangible Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]
Identified intangible assets (included in other assets): Gross	$ 654,964		$ 654,964		$ 753,022
Identified intangible assets, accumulated amortization	(365,854)		(365,854)		(346,664)
Finite-Lived Intangible Assets, Net, Total	289,110		289,110		406,358
Identified intangible liabilities (included in deferred credit): Gross	816,671		816,671		902,525
Identified intangible liabilities (included in deferred credit): Accumulated amortization	(363,687)		(363,687)		(341,536)
Identified intangible liabilities (included in deferred credit): Net	452,984		452,984		$ 560,989
Below Market Leases Net Of Above Market Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	11,672	$ 12,570	28,506	$ 26,313
2014	41,069		41,069
2015	38,263		38,263
2016	36,321		36,321
2017	30,936		30,936
2018	29,171		29,171
Other Identified Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	16,992	12,807	42,086	24,024
2014	27,533		27,533
2015	22,369		22,369
2016	19,189		19,189
2017	16,029		16,029
2018	11,830		11,830
Tenant Under Ground Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	1,622	$ 312	2,723	$ 582
2014	3,921		3,921
2015	3,921		3,921
2016	3,921		3,921
2017	3,921		3,921
2018	$ 3,921		$ 3,921

Debt (Details) - USD ($) $ in Thousands	6 Months Ended
Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Mortgages payable (in US Dollars)	$ 8,582,573	$ 8,663,326
Senior unsecured notes (in US Dollars)	1,358,182	1,358,008
Revolving credit facility debt (in US Dollars)	$ 83,982	1,170,000
Notes And Mortgages Payable Fixed Rate [Member]
Debt Instrument [Line Items]
Interest Rate, End of Period	4.91%
Mortgages payable (in US Dollars)	$ 7,312,813	6,771,001
Notes And Mortgages Payable Fixed Rate [Member] \| New York 1290 Avenue Of Americas [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	11/22
Interest Rate, End of Period	3.34%
Mortgages payable (in US Dollars)	$ 950,000	950,000
Notes And Mortgages Payable Fixed Rate [Member] \| New York Two Penn Plaza [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	03/18
Interest Rate, End of Period	5.13%
Mortgages payable (in US Dollars)	$ 425,000	425,000
Notes And Mortgages Payable Fixed Rate [Member] \| New York Office 666 Fifth Avenue [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	03/23
Interest Rate, End of Period	3.61%
Mortgages payable (in US Dollars)	$ 390,000	0
Notes And Mortgages Payable Fixed Rate [Member] \| New York 770 Broadway [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	03/16
Interest Rate, End of Period	5.65%
Mortgages payable (in US Dollars)	$ 353,000	353,000
Notes And Mortgages Payable Fixed Rate [Member] \| New York 888 Seventh Avenue [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	01/16
Interest Rate, End of Period	5.71%
Mortgages payable (in US Dollars)	$ 318,554	318,554
Notes And Mortgages Payable Fixed Rate [Member] \| New York 350 Park Avenue [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	01/17
Interest Rate, End of Period	3.75%
Mortgages payable (in US Dollars)	$ 300,000	300,000
Notes And Mortgages Payable Fixed Rate [Member] \| New York 909 Third Avenue [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	04/15
Interest Rate, End of Period	5.64%
Mortgages payable (in US Dollars)	$ 197,069	199,198
Notes And Mortgages Payable Fixed Rate [Member] \| New York 828-850 Madison Avenue Condominium - Retail [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	06/18
Interest Rate, End of Period	5.29%
Mortgages payable (in US Dollars)	$ 80,000	80,000
Notes And Mortgages Payable Fixed Rate [Member] \| New York 510 5th Avenue - Retail [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	01/16
Interest Rate, End of Period	5.60%
Mortgages payable (in US Dollars)	$ 30,998	31,253
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC Skyline Properties [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	02/17
Interest Rate, End of Period	5.74%
Mortgages payable (in US Dollars)	$ 725,559	704,957
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC River House Apartments [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	04/15
Interest Rate, End of Period	5.43%
Mortgages payable (in US Dollars)	$ 195,546	195,546
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC 2101 L Street [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	08/24
Interest Rate, End of Period	3.97%
Mortgages payable (in US Dollars)	$ 150,000	150,000
Notes And Mortgages Payable Fixed Rate [Member] \| Washington Dc 2121 Crystal Drive [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	03/23
Interest Rate, End of Period	5.51%
Mortgages payable (in US Dollars)	$ 149,506	150,000
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC Bowen Building [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	06/16
Interest Rate, End of Period	6.14%
Mortgages payable (in US Dollars)	$ 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 [Line Items]
Debt Instrument Maturity	01/25
Interest Rate, End of Period	7.09%
Mortgages payable (in US Dollars)	$ 104,522	105,724
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC West End 25 [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	06/21
Interest Rate, End of Period	4.88%
Mortgages payable (in US Dollars)	$ 101,671	101,671
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC Universal Buildings [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	04/14
Interest Rate, End of Period	6.54%
Mortgages payable (in US Dollars)	$ 90,633	93,226
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC 2011 Crystal Drive [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	08/17
Interest Rate, End of Period	7.30%
Mortgages payable (in US Dollars)	$ 79,129	79,624
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC 1550 And 1750 Crystal Drive [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	11/14
Interest Rate, End of Period	7.08%
Mortgages payable (in US Dollars)	$ 72,592	74,053
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC 220 20th Street [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	02/18
Interest Rate, End of Period	4.61%
Mortgages payable (in US Dollars)	$ 73,312	73,939
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC 2231 Crystal Drive [Member]
Debt Instrument [Line Items]
Mortgages payable (in US Dollars)	0	41,298
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC 1225 Clark Street [Member]
Debt Instrument [Line Items]
Mortgages payable (in US Dollars)	$ 0	24,834
Notes And Mortgages Payable Fixed Rate [Member] \| Retail Cross Collateralized Mortgages On 40 Strip Shopping Centers [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	09/20
Interest Rate, End of Period	4.25%
Mortgages payable (in US Dollars)	$ 566,886	573,180
Notes And Mortgages Payable Fixed Rate [Member] \| Retail Bergen Town Center [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	04/23
Interest Rate, End of Period	3.56%
Mortgages payable (in US Dollars)	$ 300,000	0
Notes And Mortgages Payable Fixed Rate [Member] \| Retail Montehiedra Town Center [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	07/16
Interest Rate, End of Period	6.04%
Mortgages payable (in US Dollars)	$ 120,000	120,000
Notes And Mortgages Payable Fixed Rate [Member] \| Retail Broadway Mall [Member]
Debt Instrument [Line Items]
Mortgages payable (in US Dollars)	$ 0	85,180
Notes And Mortgages Payable Fixed Rate [Member] \| Retail North Bergen Tonnelle Avenue [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	01/18
Interest Rate, End of Period	4.59%
Mortgages payable (in US Dollars)	$ 75,000	75,000
Notes And Mortgages Payable Fixed Rate [Member] \| Retail Las Catalinas Mall [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	11/13
Interest Rate, End of Period	6.97%
Mortgages payable (in US Dollars)	$ 53,308	54,101
Notes And Mortgages Payable Fixed Rate [Member] \| Retail Other [Member]
Debt Instrument [Line Items]
Mortgages payable (in US Dollars)	$ 85,789	86,641
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 Fixed Rate [Member] \| Other 555 California Street [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	09/21
Interest Rate, End of Period	5.10%
Mortgages payable (in US Dollars)	$ 600,000	600,000
Notes And Mortgages Payable Fixed Rate [Member] \| Merchandise Mart Merchandise Mart [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	12/16
Interest Rate, End of Period	5.57%
Mortgages payable (in US Dollars)	$ 550,000	550,000
Notes And Mortgages Payable Fixed Rate [Member] \| Other Borgata Land [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	02/21
Interest Rate, End of Period	5.14%
Mortgages payable (in US Dollars)	$ 59,717	60,000
Notes And Mortgages Payable Variable Rate [Member]
Debt Instrument [Line Items]
Interest Rate, End of Period	2.42%
Mortgages payable (in US Dollars)	$ 1,269,760	1,892,325
Notes And Mortgages Payable Variable Rate [Member] \| New York Independence Plaza [Member]
Debt Instrument [Line Items]
Mortgages payable (in US Dollars)	$ 0	334,225
Notes And Mortgages Payable Variable Rate [Member] \| New York Eleven Penn Plaza [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	01/19
Interest Rate, End of Period	2.54%
Mortgages payable (in US Dollars)	$ 330,000	330,000
Spread Over LIBOR	2.35%
Debt Instrument, Description of Variable Rate Basis	LIBOR
Notes And Mortgages Payable Variable Rate [Member] \| New York 100 West 33rd Street - Office & Retail [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	03/17
Interest Rate, End of Period	2.69%
Mortgages payable (in US Dollars)	$ 325,000	325,000
Spread Over LIBOR	2.50%
Debt Instrument, Description of Variable Rate Basis	LIBOR
Notes And Mortgages Payable Variable Rate [Member] \| New York Office 4 Union Square South [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	11/19
Interest Rate, End of Period	2.34%
Mortgages payable (in US Dollars)	$ 120,000	120,000
Spread Over LIBOR	2.15%
Debt Instrument, Description of Variable Rate Basis	LIBOR
Notes And Mortgages Payable Variable Rate [Member] \| New York 435 Seventh Avenue [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	08/19
Interest Rate, End of Period	2.44%
Mortgages payable (in US Dollars)	$ 98,000	98,000
Spread Over LIBOR	2.25%
Debt Instrument, Description of Variable Rate Basis	LIBOR
Notes And Mortgages Payable Variable Rate [Member] \| New York 866 UN Plaza [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	05/16
Interest Rate, End of Period	1.44%
Mortgages payable (in US Dollars)	$ 44,978	44,978
Spread Over LIBOR	1.25%
Debt Instrument, Description of Variable Rate Basis	LIBOR
Notes And Mortgages Payable Variable Rate [Member] \| Washington DC River House Apartments [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	04/18
Interest Rate, End of Period	1.55%
Mortgages payable (in US Dollars)	$ 64,000	64,000
Spread Over LIBOR	1.53%
Debt Instrument, Description of Variable Rate Basis	Freddie Mac
Notes And Mortgages Payable Variable Rate [Member] \| Washington DC 2200/2300 Clarendon Boulevard [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	01/15
Interest Rate, End of Period	0.94%
Mortgages payable (in US Dollars)	$ 44,325	47,353
Spread Over LIBOR	0.75%
Debt Instrument, Description of Variable Rate Basis	LIBOR
Notes And Mortgages Payable Variable Rate [Member] \| Washington DC 1730 M And 1150 17th Street [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	06/14
Interest Rate, End of Period	1.59%
Mortgages payable (in US Dollars)	$ 43,581	43,581
Spread Over LIBOR	1.40%
Debt Instrument, Description of Variable Rate Basis	LIBOR
Notes And Mortgages Payable Variable Rate [Member] \| Retail Cross Collateralized Mortgages On 40 Strip Shopping Centers [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	09/20
Interest Rate, End of Period	2.36%
Mortgages payable (in US Dollars)	$ 60,000	60,000
Spread Over LIBOR	1.36%
Debt Instrument, Description of Variable Rate Basis	LIBOR
Notes And Mortgages Payable Variable Rate [Member] \| Retail Bergen Town Center [Member]
Debt Instrument [Line Items]
Mortgages payable (in US Dollars)	$ 0	282,312
Notes And Mortgages Payable Variable Rate [Member] \| Retail Other [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	05/15
Interest Rate, End of Period	3.45%
Mortgages payable (in US Dollars)	$ 16,126	19,126
Spread Over LIBOR	3.25%
Debt Instrument, Description of Variable Rate Basis	LIBOR
Notes And Mortgages Payable Variable Rate [Member] \| Other 220 Central Park South [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	10/13
Interest Rate, End of Period	2.94%
Mortgages payable (in US Dollars)	$ 123,750	123,750
Spread Over LIBOR	2.75%
Debt Instrument, Description of Variable Rate Basis	LIBOR
Total Notes And Mortgages Payable [Member]
Debt Instrument [Line Items]
Interest Rate, End of Period	4.55%
Mortgages payable (in US Dollars)	$ 8,582,573	8,663,326
Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Interest Rate, End of Period	5.70%
Senior unsecured notes (in US Dollars)	$ 1,358,182	1,358,008
Senior Unsecured Notes [Member] \| Senior Unsecured Notes Due 2015 [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	04/15
Interest Rate, End of Period	4.25%
Senior unsecured notes (in US Dollars)	$ 499,710	499,627
Senior Unsecured Notes [Member] \| Senior Unsecured Notes Due 2039 [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	10/39
Interest Rate, End of Period	7.88%
Senior unsecured notes (in US Dollars)	$ 460,000	460,000
Senior Unsecured Notes [Member] \| Senior Unsecured Notes Due 2022 [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	01/22
Interest Rate, End of Period	5.00%
Senior unsecured notes (in US Dollars)	$ 398,472	398,381
Unsecured Revolving Credit Facilities [Member]
Debt Instrument [Line Items]
Interest Rate, End of Period	1.32%
Revolving credit facility debt (in US Dollars)	$ 83,982	1,170,000
Unsecured Revolving Credit Facilities [Member] \| Unsecured Revolving Credit Facility $1.25 Billion Maturing 11/16 [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	11/16
Interest Rate, End of Period
Spread Over LIBOR	1.25%
Debt Instrument, Description of Variable Rate Basis	LIBOR
Revolving credit facility debt (in US Dollars)	$ 0	$ 1,150,000
Unsecured Revolving Credit Facilities [Member] \| Unsecured Revolving Credit Facility $1.25 Billion Maturing 06/18 [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity	06/18
Interest Rate, End of Period	1.32%
Spread Over LIBOR	1.15%	1.35%
Debt Instrument, Description of Variable Rate Basis	LIBOR
Revolving credit facility debt (in US Dollars)	$ 83,982	$ 20,000

Debt (Parentheticals) (Details) $ in Thousands				6 Months Ended
Debt (Parentheticals) (Details) $ in Thousands	Mar. 28, 2013 Extensions	Mar. 25, 2013 USD ($)	Feb. 20, 2013 USD ($)	Jun. 30, 2013 USD ($)	Dec. 31, 2012 USD ($)
Debt Instrument [Line Items]
Mortgages payable (in US Dollars)				$ 8,582,573	$ 8,663,326
Notes And Mortgages Payable Variable Rate [Member]
Debt Instrument [Line Items]
Interest Rate, End of Period				2.42%
Mortgages payable (in US Dollars)				$ 1,269,760	1,892,325
Notes And Mortgages Payable Variable Rate [Member] \| Retail Bergen Town Center [Member]
Debt Instrument [Line Items]
Mortgages payable (in US Dollars)				$ 0	282,312
Notes And Mortgages Payable Variable Rate [Member] \| Washington DC River House Apartments [Member]
Debt Instrument [Line Items]
Interest Rate, End of Period				1.55%
Spread Over LIBOR				1.53%
Mortgages payable (in US Dollars)				$ 64,000	64,000
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]
Debt Instrument [Line Items]
Interest Rate, End of Period				2.36%
Spread Over LIBOR				1.36%
LIBOR Floor				1.00%
Mortgages payable (in US Dollars)				$ 60,000	60,000
Debt Instrument, Description of Variable Rate Basis				LIBOR
Notes And Mortgages Payable Fixed Rate [Member]
Debt Instrument [Line Items]
Interest Rate, End of Period				4.91%
Mortgages payable (in US Dollars)				$ 7,312,813	6,771,001
Notes And Mortgages Payable Fixed Rate [Member] \| New York Office 666 Fifth Avenue [Member]
Debt Instrument [Line Items]
Notes And Loans Payable Refinanced Amount (in US Dollars)			$ 390,000
Debt Term			10 years
Interest Rate, End of Period				3.61%
Mortgages payable (in US Dollars)				$ 390,000	0
Notes And Mortgages Payable Fixed Rate [Member] \| Retail Bergen Town Center [Member]
Debt Instrument [Line Items]
Notes And Loans Payable Refinanced Amount (in US Dollars)		$ 300,000
Debt Term		10 years
Interest Rate, End of Period				3.56%
Mortgages payable (in US Dollars)				$ 300,000	0
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC Skyline Properties [Member]
Debt Instrument [Line Items]
Interest Rate, End of Period				5.74%
Vacancy Rate				45.20%
Interest Payments Deferred (in US Dollars)				$ 47,559
Mortgages payable (in US Dollars)				$ 725,559	704,957
Notes And Mortgages Payable Fixed Rate [Member] \| Washington DC River House Apartments [Member]
Debt Instrument [Line Items]
Interest Rate, End of Period				5.43%
Mortgages payable (in US Dollars)				$ 195,546	195,546
Notes And Mortgages Payable Fixed Rate [Member] \| Retail Cross Collateralized Mortgages On 40 Strip Shopping Centers [Member]
Debt Instrument [Line Items]
Interest Rate, End of Period				4.25%
Mortgages payable (in US Dollars)				$ 566,886	$ 573,180
Unsecured Revolving Credit Facilities [Member]
Debt Instrument [Line Items]
Interest Rate, End of Period				1.32%
Number Of Extensions Available \| Extensions	2
Length Of Extension Available	6 months
Facility fee percent				0.20%	0.30%

Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands		6 Months Ended		12 Months Ended
	May 09, 2013	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Redeemable Noncontrolling Interests Rollforward [Abstract]
Reedemable Noncontrolling Interest, Beginning Balance		$ 944,152	$ 1,160,677	$ 1,160,677
Net income		23,916	24,355
Distributions		(17,541)	(24,457)
Conversion Of Class A Redeemable Units At Redemption Value		(14,980)	(24,976)
Adjustment to carry redeemable Class A units at redemption value		29,393	110,581
Redemption of Series D-15 redeemable units		(36,900)
Other, net		12,948	(9,355)
Reedemable Noncontrolling Interest, Ending Balance		940,988	$ 1,236,825	944,152
Redeemable Noncontrolling Interests Additional Disclosure [Abstract]
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount		939,988		898,152
Redemption of Series D-15 redeemable units		(36,900)
Capital Unit, Class A [Member]
Redeemable Noncontrolling Interests Rollforward [Abstract]
Redemption of Series D-15 redeemable units		939,988		898,152
Redeemable Noncontrolling Interests Additional Disclosure [Abstract]
Redemption of Series D-15 redeemable units		939,988		898,152
Series D15 Cumulative Redeemable Preferred Unit [Member]
Redeemable Noncontrolling Interests Additional Disclosure [Abstract]
Temporary Equity Dividend Rate Percentage	6.875%
Aggregate face amount of Cumulative redeemable preferred units	$ 45,000
Cumulative Redeemable Preferred Unit [Member]
Redeemable Noncontrolling Interests Additional Disclosure [Abstract]
Fair value of Series G convertible preferred units and Series D-13 cumulative redeemable preferred units		$ 55,073		$ 55,011

Shareholders Equity (Details) - USD ($) $ / shares in Units, $ in Thousands			6 Months Ended
	Feb. 19, 2013	Jan. 25, 2013	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Details Of Preferred Shares Of Beneficial Interest [Abstract]
Preferred shares of beneficial interest: issued shares			52,682,807		51,184,609
Purchase Of Outstanding Preferred Units			$ 299,400	$ 0
Series L Preferred Stock [Member] \| Public Offering [Member] \| Redeemable Preferred Stock [Member]
Details Of Preferred Shares Of Beneficial Interest [Abstract]
Preferred shares of beneficial interest: issued shares		12,000,000
Preferred Stock Dividend Rate Percentage		5.40%
Preferred Stock, Par or Stated Value Per Share (in Dollars Per Share)		$ 25.00
Aggregate net proceeds after underwriters discounts and issuance costs		$ 290,536
Preferred Stock Issued Additional Disclosure		We retained aggregate net proceeds of $290,536,000, after underwriters’ discounts and issuance costs, and contributed the net proceeds to the Operating Partnership in exchange for 12,000,000 Series L Preferred Units (with economic terms that mirror those of the Series L Preferred Shares).
Series H Preferred Stock [Member]
Details Of Preferred Shares Of Beneficial Interest [Abstract]
Preferred Stock Dividend Rate Percentage	6.75%
Series F And Series H Preferred Stock [Member]
Details Of Preferred Shares Of Beneficial Interest [Abstract]
Purchase Of Outstanding Preferred Units	$ 262,500

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013
Accumulated other comprehensive (loss) income, Beginning Balance	$ 120,953	$ (18,946)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	11,941	151,840
Accumulated other comprehensive (loss) income, Ending Balance	132,894	132,894
Unrealized gain (loss) on securities available for sale [Member]
Accumulated other comprehensive (loss) income, Beginning Balance	168,221	19,432
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	20,349	169,138
Accumulated other comprehensive (loss) income, Ending Balance	188,570	188,570
Pro-rata share of non consolidated subsidiaries' OCI [Member]
Accumulated other comprehensive (loss) income, Beginning Balance	7,666	11,313
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(19,707)	(23,354)
Accumulated other comprehensive (loss) income, Ending Balance	(12,041)	(12,041)
Change in value of interest rate Swap [Member]
Accumulated other comprehensive (loss) income, Beginning Balance	(47,542)	(50,065)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	12,037	14,560
Accumulated other comprehensive (loss) income, Ending Balance	(35,505)	(35,505)
Other [Member]
Accumulated other comprehensive (loss) income, Beginning Balance	(7,392)	374
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(738)	(8,504)
Accumulated other comprehensive (loss) income, Ending Balance	$ (8,130)	$ (8,130)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e637-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e681-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669686-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 31
-Article 5

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 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 6: 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 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 26
-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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Variable Interest Entities (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Consolidated Variable Interest Entities [Member] \| Independence Plaza [Member]
Variable Interest Entity [Line Items]
Variable Interest Entity, Consolidated, Carrying Amount, Assets	$ 0	$ 957,730
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities	0	443,894
Variable Interest Entity Consolidated Carrying Amount Noncontrolling Interest	0	193,933
Non Consolidated Variable Interest Entities [Member] \| Washington DC Office Warner Building [Member]
Variable Interest Entity [Line Items]
Carrying amount of investment in unconsolidated entity	$ 151,644	$ 8,775

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities	$ 402,935	$ 398,188
Real Estate Fund investments (75% of which is attributable to noncontrolling interests)	622,124	600,786
Deferred compensation plan assets (included in other assets)	111,093	105,200
J.C. Penney derivative position (included in other assets)	10,687	11,165
Total assets	1,146,839	1,115,339
Mandatorily redeemable instruments (included in other liabilities)	55,073	55,011
Interest rate swap (included in other liabilities)	35,505	50,065
Total liabilities	90,578	105,076
Fair Value, Measurements, Nonrecurring [Member]
Fair Value Measurements On Nonrecurring Basis [Abstract]
Investment in Toys"R" Us		478,041
Real estate assets		189,529
Condominium units (included in other assets)		52,142
Total Assets, Nonrecurring		719,712
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities	402,935	398,188
Real Estate Fund investments (75% of which is attributable to noncontrolling interests)	0	0
Deferred compensation plan assets (included in other assets)	44,591	42,569
J.C. Penney derivative position (included in other assets)	0	0
Total assets	447,526	440,757
Mandatorily redeemable instruments (included in other liabilities)	55,073	55,011
Interest rate swap (included in other liabilities)	0	0
Total liabilities	55,073	55,011
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Nonrecurring [Member]
Fair Value Measurements On Nonrecurring Basis [Abstract]
Investment in Toys"R" Us		0
Real estate assets		0
Condominium units (included in other assets)		0
Total Assets, Nonrecurring		0
Fair Value Inputs Level 2 Member \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities	0	0
Real Estate Fund investments (75% of which is attributable to noncontrolling interests)	0	0
Deferred compensation plan assets (included in other assets)	0	0
J.C. Penney derivative position (included in other assets)	10,687	11,165
Total assets	10,687	11,165
Mandatorily redeemable instruments (included in other liabilities)	0	0
Interest rate swap (included in other liabilities)	35,505	50,065
Total liabilities	35,505	50,065
Fair Value Inputs Level 2 Member \| Fair Value, Measurements, Nonrecurring [Member]
Fair Value Measurements On Nonrecurring Basis [Abstract]
Investment in Toys"R" Us		0
Real estate assets		0
Condominium units (included in other assets)		0
Total Assets, Nonrecurring		0
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities	0	0
Real Estate Fund investments (75% of which is attributable to noncontrolling interests)	622,124	600,786
Deferred compensation plan assets (included in other assets)	66,502	62,631
J.C. Penney derivative position (included in other assets)	0	0
Total assets	688,626	663,417
Mandatorily redeemable instruments (included in other liabilities)	0	0
Interest rate swap (included in other liabilities)	0	0
Total liabilities	$ 0	0
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Nonrecurring [Member]
Fair Value Measurements On Nonrecurring Basis [Abstract]
Investment in Toys"R" Us		478,041
Real estate assets		189,529
Condominium units (included in other assets)		52,142
Total Assets, Nonrecurring		$ 719,712

Fair Value Measurements (Details 1) $ in Thousands	3 Months Ended		6 Months Ended
Fair Value Measurements (Details 1) $ in Thousands	Jun. 30, 2013 USD ($)	Jun. 30, 2012 USD ($)	Jun. 30, 2013 USD ($) Investments	Jun. 30, 2012 USD ($)	Dec. 31, 2012 USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Real Estate Fund Nondepreciable Real Estate	$ 622,124		$ 622,124		$ 600,786
Real Estate Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Number Of Investments Made By Fund \| Investments			10
Real Estate Fund Nondepreciable Real Estate	622,124		$ 622,124
Excess of fair value over cost	114,751		114,751
Unobservable Quantitative Input [Abstract]
Beginning Balance	571,306	$ 324,514	600,786	$ 346,650
Purchases	17,225	44,592	30,893	44,592
Sales	0	0	(56,664)	(31,052)
Unrealized gains	33,593	21,135	47,109	27,979
Other, Net	0	(1,786)	0	286
Ending Balance	622,124	388,455	$ 622,124	388,455
Real Estate Funds [Member] \| Minimum [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs Holding Period			1 month 6 days
Unobservable Quantitative Input [Abstract]
Discount rates			12.50%
Terminal capitalization rates			5.30%
Real Estate Funds [Member] \| Maximum [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs Holding Period			7 years
Unobservable Quantitative Input [Abstract]
Discount rates			19.00%
Terminal capitalization rates			6.00%
Real Estate Funds [Member] \| Weighted Average [Member]
Unobservable Quantitative Input [Abstract]
Discount rates			14.30%
Terminal capitalization rates			5.80%
Deferred Compensation Plan Asset [Member]
Unobservable Quantitative Input [Abstract]
Beginning Balance	65,010	58,881	$ 62,631	56,221
Purchases	440	155	3,147	3,766
Sales	(1,748)	(616)	(4,445)	(4,011)
Realized and unrealized gains	2,782	(123)	4,136	2,269
Other, Net	18	16	1,033	68
Ending Balance	$ 66,502	$ 58,313	$ 66,502	$ 58,313

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior unsecured notes	$ 1,358,182	$ 1,358,008
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	525,834	543,000
Mortgage and mezzanine loans receivable	175,699	225,359
Total assets	701,533	768,359
Mortgages payable	8,582,573	8,663,326
Senior unsecured notes	1,358,182	1,358,008
Revolving credit facility debt	83,982	1,170,000
Total debt	10,024,737	11,191,334
Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	525,834	543,000
Mortgage and mezzanine loans receivable	175,331	221,446
Total assets	701,165	764,446
Mortgages payable	8,571,000	8,690,000
Senior unsecured notes	1,427,000	1,468,000
Revolving credit facility debt	83,982	1,170,000
Total debt	$ 10,081,982	$ 11,328,000

Incentive Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Incentive Compensation (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share Based Compensation Expense (in US Dollars)	$ 9,129	$ 8,438	$ 16,595	$ 15,047
Out Performance Plan [Member]
Out Performance Plan [Abstract]
Duration Of First Performance Measurement Period			2 years
Duration Of Second Performance Measurement Period			3 years
Award vesting in three years			33.00%
Award vesting in four years			33.00%
Award vesting in five years			34.00%
Out Performance Plan And Absolute Component [Member]
Out Performance Plan [Abstract]
Required Shareholder Return Two Year			14.00%
Required Shareholder Return Three Year			21.00%
Percentage Of Shareholder Return Under Which No Awards Will Be Earned			0.00%
Out Performance Plan And Relative Component [Member]
Out Performance Plan [Abstract]
Required Shareholder Return Under Relative Component			6.00%

Fee and Other Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Fee and Other Income (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Fee and Other Income [Abstract]
BMS cleaning fees	$ 16,509	$ 16,982	$ 33,173	$ 32,492
Signage Revenue	8,347	4,879	14,828	9,469
Management and leasing fees	6,435	4,546	11,693	9,300
Lease termination fees	7,129	479	67,155	890
Other income	9,595	6,151	18,390	14,164
Fee and other income	48,015	33,037	145,239	66,315
Management fee income from Interstate Properties	131	$ 192	$ 333	$ 391
Stop & Shop [Member]
Loss Contingencies [Line Items]
Litigation settlement date			2/6/2013
Proceed pursuant to a settlement agreement			$ 124,000
Complaint regarding rent allocation	$ 6,000		6,000
Accounts Receivable - collected upon settlement of litigation			47,900
Gain related to litigation settlement			$ 59,599

Interest and Other Investment Income (Loss), Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Total Interest and Other Investment Income, net	$ 26,416	$ (49,172)	$ (22,658)	$ (33,507)
Marketable Equity Securities Derivative Positions [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Total Interest and Other Investment Income, net	9,065	(58,732)	(13,475)	(57,687)
Income From Prepayment Penalties [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Total Interest and Other Investment Income, net	5,267	0	5,267	0
Mezzanine Loans Receivable [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Total Interest and Other Investment Income, net	4,940	3,165	10,017	6,015
Marketable Securities [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Total Interest and Other Investment Income, net	2,770	4,846	5,540	11,093
Mark to Market of deferred Compensation Plan [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Total Interest and Other Investment Income, net	2,492	24	5,938	4,151
Impairment Losses On Marketable Securities [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Total Interest and Other Investment Income, net	0	0	(39,487)	0
Other Investment Income [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Total Interest and Other Investment Income, net	$ 1,882	$ 1,525	$ 3,542	$ 2,921

Interest and Debt Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Interest Expense Debt [Abstract]
Interest expense	$ 126,161	$ 118,747	$ 250,887	$ 243,394
Amortization of deferred financing costs	4,833	5,918	10,255	11,346
Capitalized interest	(9,232)	(345)	(17,492)	(361)
Interest and Debt Expense, Total	$ 121,762	$ 124,320	$ 243,650	$ 254,379

Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Earnings Per Share [Abstract]
Income from continuing operations, net of income attributable to noncontrolling interests	$ 97,862	$ 21,163	$ 165,383	$ 204,792
Income from discontinued operations, net of income attributable to noncontrolling interests	60,332	17,134	255,733	85,027
Net income attributable to Vornado	158,194	38,297	421,116	289,819
Preferred share dividends	(20,368)	(17,787)	(42,070)	(35,574)
Preferred unit and share redemptions	8,100	0	(1,130)	0
NET INCOME attributable to common shareholders	145,926	20,510	377,916	254,245
Earnings allocated to unvested participating securities	(31)	(40)	(86)	(79)
Numerator for basic income per share	145,895	20,470	377,830	254,166
Convertible preferred share dividends	27	0	55	57
Numerator for diluted income per share	$ 145,922	$ 20,470	$ 377,885	$ 254,223
Denominator for basic income per share - weighted average shares	186,931	185,673	186,842	185,521
Employee stock options and restricted share awards (in shares)	742	669	737	700
Convertible preferred shares	47	0	48	50
Weighted Average Number of Shares Outstanding, Diluted, Total	187,720	186,342	187,627	186,271
INCOME PER COMMON SHARE - BASIC:
Income from continuing operations, net (in dollars per share)	$ 0.46	$ 0.02	$ 0.65	$ 0.91
Income from discontinued operations, net (in dollars per share)	0.32	0.09	1.37	0.46
Net income per common share (in dollars per share)	0.78	0.11	2.02	1.37
INCOME PER COMMON SHARE - DILUTED:
Income from continuing operations, net (in dollars per share)	0.46	0.02	0.65	0.91
Income from discontinued operations, net (in dollars per share)	0.32	0.09	1.36	0.45
Net income per common share (in dollars per share)	$ 0.78	$ 0.11	$ 2.01	$ 1.36

Income Per Share (Parentheticals) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Earnings Per Share [Abstract]
Weighted average common share equivalents of excluded dilutive securities due to anti-dilutive effect	11,913	14,002	11,911	16,292

- 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 Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: 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 3: 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 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 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 6: 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 7: 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.

Reference 8: 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.

+ Details

Commitments and Contingencies (Details) $ in Thousands	6 Months Ended
Commitments and Contingencies (Details) $ in Thousands	Jun. 30, 2013 USD ($)
Capital And Other Commitments [Line Items]
Commitment to fund additional capital to partially owned entities	$ 168,000
Guarantees and master leases	372,000
Outstanding letters of credit	22,053
NBCR Losses [Member]
Insurance limit per occurrence	$ 2,000,000
Federal government deductible, percentage of balance of a covered loss	85.00%
Earthquake California Properties [Member]
Insurance limit per occurrence	$ 180,000
Vornado deductible, percentage of property value	5.00%
Vornado deductible, annual aggregate	$ 180,000
All Risk And Rental Value [Member]
Insurance limit per occurrence	2,000,000
General Liability [Member]
Insurance limit per occurrence	300,000
PPIC [Member] \| NBCR Losses [Member]
Insurance deductible	$ 3,200
Insurance Deductible Percentage Of Balance Of Covered Loss	15.00%
Cleveland Medical Mart & Convention Center [Member]
Capital And Other Commitments [Line Items]
Commitments to Fund Improvements	$ 11,500
Commitment Funded During Period	$ 3,177

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Segment Reporting Information [Line Items]
Property rentals	$ 519,733	$ 484,016	$ 1,018,247	$ 958,447
Straight-line rent adjustments	13,789	20,647	32,297	41,966
Amortization of acquired below-market leases, net	11,672	12,570	28,506	26,313
Total rentals	545,194	517,233	1,079,050	1,026,726
Tenant expense reimbursements	75,659	71,409	152,415	141,906
Cleveland Medical Mart development project	16,990	56,304	29,133	111,363
BMS cleaning fees	16,509	16,982	33,173	32,492
Signage Revenue	8,347	4,879	14,828	9,469
Management and leasing fees	6,435	4,546	11,693	9,300
Lease termination fees	7,129	479	67,155	890
Other income	9,595	6,151	18,390	14,164
Total Revenues	685,858	677,983	1,405,837	1,346,310
Operating expenses	261,080	243,485	520,953	489,462
Depreciation and amortization	135,486	128,372	277,570	259,767
General and administrative	54,323	46,832	108,905	102,122
Cleveland Medical Mart development project	15,151	53,935	26,525	106,696
Acquisition related costs	3,350	2,559	3,951	3,244
Total expenses	469,390	475,183	937,904	961,291
Operating income (loss)	216,468	202,800	467,933	385,019
Income from partially owned entities	(35,389)	(6,627)	(12,864)	129,504
Income from real estate fund	34,470	20,301	51,034	32,063
Interest and other investment (loss) income, net	26,416	(49,172)	(22,658)	(33,507)
Interest and debt expense	(121,762)	(124,320)	(243,650)	(254,379)
Net gain (loss) on disposition of wholly owned and partially owned assets	1,005	4,856	(35,719)	4,856
Income (loss) before income taxes	121,208	47,838	204,076	263,556
Income tax expense	(2,877)	(7,479)	(3,950)	(14,304)
Income (loss) from continuing operations	118,331	40,359	200,126	249,252
Income from discontinued operations	63,990	17,869	271,122	89,240
Net income (loss)	182,321	58,228	471,248	338,492
Consolidated subsidiaries	(14,930)	(14,721)	(26,216)	(24,318)
Operating Partnership	(8,849)	(1,337)	(22,782)	(16,608)
Preferred unit distributions of the Operating Partnership	(348)	(3,873)	(1,134)	(7,747)
Net income attributable to Vornado	158,194	38,297	421,116	289,819
Interest and debt expense (2)	179,461	190,942	368,241	384,024
Depreciation and amortization (2)	182,131	184,028	376,316	375,201
Income tax (benefit) expense (2)	(22,366)	(5,214)	38,393	46,226
EBITDA	497,420	408,053	1,204,066	1,095,270
Toys R Us [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	(36,861)	(19,190)	(35,102)	97,281
All Equity Method Investees Excluding Toys [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	1,472	12,563	22,238	32,223
New York Segment [Member]
Segment Reporting Information [Line Items]
Property rentals	286,844	245,948	561,494	479,884
Straight-line rent adjustments	7,533	17,065	17,859	34,194
Amortization of acquired below-market leases, net	6,944	7,623	19,033	15,318
Total rentals	301,321	270,636	598,386	529,396
Tenant expense reimbursements	38,785	36,985	81,456	73,697
BMS cleaning fees	20,979	23,911	42,001	46,558
Signage Revenue	8,347	4,879	14,828	9,469
Management and leasing fees	2,854	1,113	4,918	2,221
Lease termination fees	5,432	233	5,490	256
Other income	3,254	576	3,969	2,333
Total Revenues	380,972	338,333	751,048	663,930
Operating expenses	157,622	143,190	317,853	288,862
Depreciation and amortization	69,387	56,665	145,621	110,424
General and administrative	8,881	6,654	17,703	15,241
Total expenses	235,890	206,509	481,177	414,527
Operating income (loss)	145,082	131,824	269,871	249,403
Income from partially owned entities	4,226	6,851	9,831	11,036
Interest and other investment (loss) income, net	1,443	1,057	2,608	2,109
Interest and debt expense	(42,835)	(36,407)	(83,453)	(72,548)
Income (loss) before income taxes	107,916	103,325	198,857	190,000
Income tax expense	(961)	(1,064)	(1,233)	(1,665)
Income (loss) from continuing operations	106,955	102,261	197,624	188,335
Income from discontinued operations		(32)		(640)
Net income (loss)	106,955	102,229	197,624	187,695
Consolidated subsidiaries	(1,381)	(2,998)	(2,962)	(5,174)
Net income attributable to Vornado	105,574	99,231	194,662	182,521
Interest and debt expense (2)	54,546	46,413	104,235	93,471
Depreciation and amortization (2)	74,573	63,664	152,986	125,575
Income tax (benefit) expense (2)	1,030	1,113	1,377	1,806
EBITDA	235,723	210,421	453,260	403,373
New York Segment [Member] \| All Equity Method Investees Excluding Toys [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	4,226	6,851	9,831	11,036
Washington DC Segment [Member]
Segment Reporting Information [Line Items]
Property rentals	112,733	118,014	225,005	240,818
Straight-line rent adjustments	1,231	1,258	4,008	3,115
Amortization of acquired below-market leases, net	516	508	1,022	1,031
Total rentals	114,480	119,780	230,035	244,964
Tenant expense reimbursements	10,666	10,862	20,802	20,870
Management and leasing fees	3,459	2,384	6,266	5,167
Lease termination fees	182	128	550	128
Other income	5,530	4,968	11,395	10,558
Total Revenues	134,317	138,122	269,048	281,687
Operating expenses	48,290	47,416	95,612	93,618
Depreciation and amortization	30,619	35,017	61,569	77,570
General and administrative	6,873	6,231	13,798	13,181
Total expenses	85,782	88,664	170,979	184,369
Operating income (loss)	48,535	49,458	98,069	97,318
Income from partially owned entities	(2,449)	(519)	(4,542)	(2,389)
Interest and other investment (loss) income, net	6	29	82	73
Interest and debt expense	(27,854)	(27,999)	(56,104)	(57,097)
Income (loss) before income taxes	18,238	20,969	37,505	37,905
Income tax expense	(805)	(852)	(1,183)	(1,302)
Income (loss) from continuing operations	17,433	20,117	36,322	36,603
Income from discontinued operations		2,956		4,542
Net income (loss)	17,433	23,073	36,322	41,145
Net income attributable to Vornado	17,433	23,073	36,322	41,145
Interest and debt expense (2)	31,245	32,549	62,998	66,206
Depreciation and amortization (2)	35,248	39,656	70,396	87,916
Income tax (benefit) expense (2)	852	1,034	1,306	1,557
EBITDA	84,778	96,312	171,022	196,824
Washington DC Segment [Member] \| All Equity Method Investees Excluding Toys [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	(2,449)	(519)	(4,542)	(2,389)
Retail Properties Segment [Member]
Segment Reporting Information [Line Items]
Property rentals	64,374	64,554	128,785	129,146
Straight-line rent adjustments	909	2,276	2,367	3,580
Amortization of acquired below-market leases, net	2,885	2,950	5,775	7,107
Total rentals	68,168	69,780	136,927	139,833
Tenant expense reimbursements	22,028	20,986	42,404	41,962
Management and leasing fees	320	1,068	799	1,904
Lease termination fees	198	1	59,797	1
Other income	283	373	859	714
Total Revenues	90,997	92,208	240,786	184,414
Operating expenses	34,091	33,708	68,090	68,189
Depreciation and amortization	15,457	18,495	32,177	36,256
General and administrative	5,169	6,367	10,584	12,700
Total expenses	54,717	58,570	110,851	117,145
Operating income (loss)	36,280	33,638	129,935	67,269
Income from partially owned entities	423	294	1,324	698
Interest and other investment (loss) income, net	(48)	6	4	20
Interest and debt expense	(12,435)	(16,170)	(24,076)	(32,522)
Income (loss) before income taxes	24,220	17,768	107,187	35,465
Income tax expense	(749)		(749)	0
Income (loss) from continuing operations	23,471	17,768	106,438	35,465
Income from discontinued operations	64,136	16,254	270,849	26,473
Net income (loss)	87,607	34,022	377,287	61,938
Consolidated subsidiaries	(13)	97	(109)	211
Net income attributable to Vornado	87,594	34,119	377,178	62,149
Interest and debt expense (2)	13,715	20,102	27,938	40,540
Depreciation and amortization (2)	16,348	22,131	34,867	44,406
Income tax (benefit) expense (2)	749	0	749	0
EBITDA	118,406	76,352	440,732	147,095
Retail Properties Segment [Member] \| All Equity Method Investees Excluding Toys [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	423	294	1,324	698
Toys R Us Segment [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	(36,861)	(19,190)	(35,102)	97,281
Income (loss) before income taxes	(36,861)	(19,190)	(35,102)	97,281
Income (loss) from continuing operations	(36,861)	(19,190)	(35,102)	97,281
Net income (loss)	(36,861)	(19,190)	(35,102)	97,281
Net income attributable to Vornado	(36,861)	(19,190)	(35,102)	97,281
Interest and debt expense (2)	37,730	37,293	80,912	68,862
Depreciation and amortization (2)	33,882	32,505	71,556	67,211
Income tax (benefit) expense (2)	(25,697)	(14,103)	33,649	29,100
EBITDA	9,054	36,505	151,015	262,454
Toys R Us Segment [Member] \| Toys R Us [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	(36,861)	(19,190)	(35,102)	97,281
Other Segment [Member]
Segment Reporting Information [Line Items]
Property rentals	55,782	55,500	102,963	108,599
Straight-line rent adjustments	4,116	48	8,063	1,077
Amortization of acquired below-market leases, net	1,327	1,489	2,676	2,857
Total rentals	61,225	57,037	113,702	112,533
Tenant expense reimbursements	4,180	2,576	7,753	5,377
Cleveland Medical Mart development project	16,990	56,304	29,133	111,363
BMS cleaning fees	(4,470)	(6,929)	(8,828)	(14,066)
Management and leasing fees	(198)	(19)	(290)	8
Lease termination fees	1,317	117	1,318	505
Other income	528	234	2,167	559
Total Revenues	79,572	109,320	144,955	216,279
Operating expenses	21,077	19,171	39,398	38,793
Depreciation and amortization	20,023	18,195	38,203	35,517
General and administrative	33,400	27,580	66,820	61,000
Cleveland Medical Mart development project	15,151	53,935	26,525	106,696
Acquisition related costs	3,350	2,559	3,951	3,244
Total expenses	93,001	121,440	174,897	245,250
Operating income (loss)	(13,429)	(12,120)	(29,942)	(28,971)
Income from partially owned entities	(728)	5,937	15,625	22,878
Income from real estate fund	34,470	20,301	51,034	32,063
Interest and other investment (loss) income, net	25,015	(50,264)	(25,352)	(35,709)
Interest and debt expense	(38,638)	(43,744)	(80,017)	(92,212)
Net gain (loss) on disposition of wholly owned and partially owned assets	1,005	4,856	(35,719)	4,856
Income (loss) before income taxes	7,695	(75,034)	(104,371)	(97,095)
Income tax expense	(362)	(5,563)	(785)	(11,337)
Income (loss) from continuing operations	7,333	(80,597)	(105,156)	(108,432)
Income from discontinued operations	(146)	(1,309)	273	58,865
Net income (loss)	7,187	(81,906)	(104,883)	(49,567)
Consolidated subsidiaries	(13,536)	(11,820)	(23,145)	(19,355)
Operating Partnership	(8,849)	(1,337)	(22,782)	(16,608)
Preferred unit distributions of the Operating Partnership	(348)	(3,873)	(1,134)	(7,747)
Net income attributable to Vornado	(15,546)	(98,936)	(151,944)	(93,277)
Interest and debt expense (2)	42,225	54,585	92,158	114,945
Depreciation and amortization (2)	22,080	26,072	46,511	50,093
Income tax (benefit) expense (2)	700	6,742	1,312	13,763
EBITDA	49,459	(11,537)	(11,963)	85,524
Other Segment [Member] \| Toys R Us [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities			0
Other Segment [Member] \| All Equity Method Investees Excluding Toys [Member]
Segment Reporting Information [Line Items]
Income from partially owned entities	$ (728)	$ 5,937	$ 15,625	$ 22,878

Segment Information (Parentheticals) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	$ 497,420	$ 408,053	$ 1,204,066	$ 1,095,270
New York Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	235,723	210,421	453,260	403,373
Washington DC Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	84,778	96,312	171,022	196,824
Total Retail properties [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	118,406	76,352	440,732	147,095
Merchandise Mart Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	22,448	17,349	37,161	32,649
Other Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	49,459	(11,537)	(11,963)	85,524
Office Properties [Member] \| New York Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	158,186	142,077	304,482	277,257
Office Properties [Member] \| Washington DC Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	73,679	85,614	148,948	175,478
Retail [Member] \| New York Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	57,230	45,577	117,612	90,497
Alexanders Inc [Member] \| New York Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	10,213	13,026	20,754	26,397
Hotel Pennsylvania [Member] \| New York Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	10,094	9,741	10,412	9,222
Washington Dc Office Excluding Skyline Properties [Member] \| Washington DC Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	66,136	74,953	133,243	153,287
Washington DC Skyline Properties [Member] \| Washington DC Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	7,543	10,661	15,705	22,191
Washington Dc Residential Property [Member] \| Washington DC Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	11,099	10,698	22,074	21,346
Retail Segment Strip Shopping Centers [Member] \| Total Retail properties [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	101,529	52,268	204,890	99,176
Retail Segment Strip Shopping Centers [Member] \| Litigation Settlement Income [Member] \| Total Retail properties [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization			59,599
Retail Segment Regional Malls [Member] \| Total Retail properties [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	16,877	24,084	235,842	47,919
Retail Segment Regional Malls [Member] \| Net Gain On Sale Of Real Estate [Member] \| Total Retail properties [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization			202,275
Gallery At Market Street [Member] \| Net Gain On Sale Of Real Estate [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	33,058		33,058
Plant [Member] \| Net Gain On Sale Of Real Estate [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	32,169		32,169
LNR [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	0	11,671	20,443	27,233
Other Properties 555 California Street [Member] \| Other Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	11,022	10,377	21,651	20,692
Lexington Realty Trust [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	0	7,703	6,931	16,921
Other Investments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	8,014	11,523	12,890	20,823
Corporate general and administrative expenses [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	(24,831)	(21,812)	(47,587)	(44,129)
Investment income and other, net [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	16,709	15,294	28,045	27,628
Impairment loss on J.C. Penney owned shares [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization			(39,487)
Gain Loss on Sale of J.C. Penney shares [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization			(36,800)
Income from the mark-to-market of J.C. Penney derivative position [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	9,065	(58,732)	(13,475)	(57,687)
Merchandise Mart Reduction In Force And Severance Costs [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	(1,542)	0	(4,154)	(506)
Merchandise Mart Discontinued Operations [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	5	(6,410)	2,146	56,401
Aquisiiton Costs [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	(3,350)	(2,559)	(3,951)	(3,244)
Net Gain On Sale Of Residential Condominiums [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	1,005	1,274	1,005	1,274
Net Income Attributable To Operating Partnership [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	(8,849)	(1,337)	(22,782)	(16,608)
Preferred Unit Distributions Of The Operating Partnership [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	(348)	(3,873)	(1,134)	(7,747)
Other Ebitda Attributable To Identifiable Investments [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	61,595	66,618	126,211	130,142
Income before net realized/unrealized gains [Member] \| Other Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	(1,713)	170	(251)	2,288
Net unrealized gains [Member] \| Other Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	8,398	5,284	11,777	6,995
Carried Interest [Member] \| Other Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	13,426	2,541	15,609	2,541
Total [Member] \| Other Segment [Member]
Segment Reporting Information [Line Items]
Earnings Before Interest, Taxes, Depreciation, and Amortization	$ 20,111	$ 7,995	$ 27,135	$ 11,824