v3.26.3
SEGMENT REPORTING - Schedule of Revenues and Profit (Loss) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting [Line Items]        
Revenues $ 14,615 $ 13,488 $ 42,098 $ 34,118
Less:        
Selling, general, and administrative 12,537 14,294 41,580 44,645
Other segment items 826 (61,975) (38,179) (146,249)
NET (LOSS) INCOME (4,390) 55,714 20,574 124,876
Other segment disclosures:        
Depreciation and amortization 895 1,208 2,894 3,064
Interest income 2,796 4,484 8,722 13,501
Expenditures for long-lived assets, net 38,793 47,756 120,045 150,371
Income tax (provision) benefit 4 (9,199) (5,261) (20,062)
Land sales        
Less:        
Cost and expenses 0 0 0 0
Land sales | Related Party        
Segment Reporting [Line Items]        
Revenues 0 0 (1,211) 0
Management services        
Less:        
Cost and expenses 5,642 5,455 18,123 10,846
Management services | Related Party        
Segment Reporting [Line Items]        
Revenues 13,932 12,826 41,628 32,336
Less:        
Cost and expenses 0 0 0 0
Valencia        
Segment Reporting [Line Items]        
Revenues 493 486 (77) 1,260
San Francisco        
Segment Reporting [Line Items]        
Revenues 190 176 547 522
Great Park        
Segment Reporting [Line Items]        
Revenues 7,410 9,432 23,398 28,942
Operating Segments | Total Operating Segments        
Segment Reporting [Line Items]        
Revenues 15,121 286,560 207,882 664,835
Less:        
Selling, general, and administrative 4,844 5,918 16,245 19,236
Other segment items (1,032) (676) (3,625) (2,056)
NET (LOSS) INCOME (1,852) 204,842 115,852 463,939
Other segment disclosures:        
Depreciation and amortization 839 1,152 2,726 2,884
Interest income 2,000 2,125 5,524 5,544
Expenditures for long-lived assets, net 54,909 74,726 154,000 213,304
Operating Segments | Total Operating Segments | Land sales        
Less:        
Cost and expenses 0 64,883 37,622 151,121
Operating Segments | Total Operating Segments | Management services        
Less:        
Cost and expenses 5,642 5,455 18,123 10,846
Operating Segments | Total Operating Segments | Management services | Related Party        
Less:        
Cost and expenses 7,519 6,138 23,665 21,749
Operating Segments | Valencia        
Segment Reporting [Line Items]        
Revenues 493 486 (77) 1,260
Less:        
Selling, general, and administrative 1,680 2,230 6,532 8,629
Other segment items 1,424 1,623 3,446 3,662
NET (LOSS) INCOME (2,611) (3,367) (10,055) (11,031)
Other segment disclosures:        
Depreciation and amortization 13 13 38 38
Interest income 0 0 0 0
Expenditures for long-lived assets, net 27,386 33,174 86,989 103,566
Inventory cost reimbursements 9,400   10,800 1,800
Operating Segments | Valencia | Land sales        
Less:        
Cost and expenses 0 0 0 0
Operating Segments | Valencia | Management services        
Less:        
Cost and expenses 0 0 0 0
Operating Segments | Valencia | Management services | Related Party        
Less:        
Cost and expenses 0 0 0 0
Operating Segments | San Francisco        
Segment Reporting [Line Items]        
Revenues 190 176 547 522
Less:        
Selling, general, and administrative 1,121 1,156 4,108 3,534
Other segment items 0 (3) (2) (20)
NET (LOSS) INCOME (931) (977) (3,559) (2,992)
Other segment disclosures:        
Depreciation and amortization 0 0 0 0
Interest income 0 3 2 20
Expenditures for long-lived assets, net 11,407 14,582 33,050 46,805
Inventory cost reimbursements 600 500 1,100 1,100
Operating Segments | San Francisco | Land sales        
Less:        
Cost and expenses 0 0 0 0
Operating Segments | San Francisco | Management services        
Less:        
Cost and expenses 0 0 0 0
Operating Segments | San Francisco | Management services | Related Party        
Less:        
Cost and expenses 0 0 0 0
Operating Segments | Great Park        
Segment Reporting [Line Items]        
Revenues 7,916 282,504 189,182 659,659
Less:        
Selling, general, and administrative 2,043 2,532 5,605 7,073
Other segment items (1,967) (2,115) (5,456) (5,517)
NET (LOSS) INCOME (1,297) 208,352 121,666 477,128
Other segment disclosures:        
Depreciation and amortization 338 813 1,223 2,520
Interest income 1,967 2,115 5,456 5,517
Expenditures for long-lived assets, net 16,116 26,970 33,961 62,933
Inventory cost reimbursements 14,300 8,700 32,600 37,700
Operating Segments | Great Park | Land sales        
Less:        
Cost and expenses 0 64,883 37,622 151,121
Operating Segments | Great Park | Management services        
Less:        
Cost and expenses 1,618 2,714 6,080 8,105
Operating Segments | Great Park | Management services | Related Party        
Less:        
Cost and expenses 7,519 6,138 23,665 21,749
Operating Segments | Hearthstone        
Segment Reporting [Line Items]        
Revenues 6,522 3,394 18,230 3,394
Less:        
Selling, general, and administrative 0 0 0 0
Other segment items (489) (181) (1,613) (181)
NET (LOSS) INCOME 2,987 834 7,800 834
Other segment disclosures:        
Depreciation and amortization 488 326 1,465 326
Interest income 33 7 66 7
Expenditures for long-lived assets, net 0 0 0 0
Operating Segments | Hearthstone | Land sales        
Less:        
Cost and expenses 0 0 0 0
Operating Segments | Hearthstone | Management services        
Less:        
Cost and expenses 4,024 2,741 12,043 2,741
Operating Segments | Hearthstone | Management services | Related Party        
Less:        
Cost and expenses 0 0 0 0
Segment Reconciling Items | Great Park        
Segment Reporting [Line Items]        
Revenues (506) (273,072) (165,784) (630,717)
Less:        
Selling, general, and administrative (2,043) (2,532) (5,605) (7,073)
Other segment items 1,967 2,115 5,456 5,517
NET (LOSS) INCOME 7,089 (201,634) (104,348) (456,291)
Other segment disclosures:        
Depreciation and amortization 0 0 0 0
Interest income (1,967) (2,115) (5,456) (5,517)
Expenditures for long-lived assets, net (16,116) (26,970) (33,961) (62,933)
Segment Reconciling Items | Great Park | Land sales        
Less:        
Cost and expenses 0 (64,883) (37,622) (151,121)
Segment Reconciling Items | Great Park | Management services        
Less:        
Cost and expenses 0 0 0 0
Segment Reconciling Items | Great Park | Management services | Related Party        
Less:        
Cost and expenses (7,519) (6,138) (23,665) (21,749)
Segment Reconciling Items | Great Park Segment        
Less:        
Other segment items 2,658 (69,548) (35,956) (157,094)
NET (LOSS) INCOME (2,658) 69,548 35,956 157,094
Corporate and Unallocated        
Segment Reporting [Line Items]        
Revenues 0 0 0 0
Less:        
Selling, general, and administrative 9,736 10,908 30,940 32,482
Other segment items (2,767) 6,134 (4,054) 7,384
NET (LOSS) INCOME (6,969) (17,042) (26,886) (39,866)
Other segment disclosures:        
Depreciation and amortization 56 56 168 180
Interest income 2,763 4,474 8,654 13,474
Expenditures for long-lived assets, net 0 0 6 0
Corporate and Unallocated | Land sales        
Less:        
Cost and expenses 0 0 0 0
Corporate and Unallocated | Management services        
Less:        
Cost and expenses 0 0 0 0
Corporate and Unallocated | Management services | Related Party        
Less:        
Cost and expenses $ 0 $ 0 $ 0 $ 0