Deferred Charges and Other Assets, net: (Tables)

12 Months Ended

Dec. 31, 2014

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of deferred charges and other assets, net

Deferred charges and other assets, net at December 31, 2014 and 2013 consist of the following:

	2014			2013
Leasing	$	239,955		$	223,038
Financing	47,171			51,695
Intangible assets:
In-place lease values(1)	298,825			205,651
Leasing commissions and legal costs(1)	72,432			50,594
Above-market leases	250,810			118,770
Deferred tax assets	35,625			31,356
Deferred compensation plan assets	35,194			30,932
Other assets	66,246			65,793
	1,046,258			777,829
Less accumulated amortization(2)	(287,197		)	(244,771		)
	$	759,061		$	533,058

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(1) The estimated amortization of these intangible assets for the next five years and thereafter is as follows:

Year Ending December 31,
2015	$	64,711
2016	45,990
2017	31,906
2018	25,760
2019	21,682
Thereafter	77,847
	$	267,896

(2) Accumulated amortization includes $103,361 and $89,141 relating to in-place lease values, leasing commissions and legal costs at December 31, 2014 and 2013, respectively. Amortization expense for in-place lease values, leasing commissions and legal costs was $52,668, $53,139 and $32,456 for the years ended December 31, 2014, 2013 and 2012, respectively.

Schedule of estimated amortization of intangible assets for the next five years and thereafter

The estimated amortization of these intangible assets for the next five years and thereafter is as follows:

Year Ending December 31,
2015	$	64,711
2016	45,990
2017	31,906
2018	25,760
2019	21,682
Thereafter	77,847
	$	267,896

Allocated values of above-market leases and below-market leases

The allocated values of above-market leases and below-market leases consist of the following:

	2014			2013
Above-Market Leases
Original allocated value	$	250,810		$	118,770
Less accumulated amortization	(59,696		)	(46,912		)
	$	191,114		$	71,858
Below-Market Leases(1)
Original allocated value	$	375,033		$	187,537
Less accumulated amortization	(93,511		)	(79,271		)
	$	281,522		$	108,266

_______________________________

(1) Below‑market leases are included in other accrued liabilities.

Schedule of estimated amortization of allocated values of above and below-market leases for the next five years and thereafter

The estimated amortization of these values for the next five years and thereafter is as follows:

Year Ending December 31,	Above Market		Below Market
2015	$	26,591	$	37,808
2016	23,516		35,647
2017	19,413		29,931
2018	16,024		26,354
2019	13,210		23,595
Thereafter	92,360		128,187
	$	191,114	$	281,522