Deferred Charges and Other Assets, net:

Deferred charges and other assets, net consist of the following:



	June 30, 2016			December 31, 2015
Leasing	$	226,596		$	248,709
Intangible assets:
In-place lease values	152,871			196,969
Leasing commissions and legal costs	34,359			52,000
Above-market leases	192,104			220,847
Deferred tax assets	37,103			38,847
Deferred compensation plan assets	40,583			37,341
Other assets	57,231			70,070
	740,847			864,783
Less accumulated amortization(1)	(251,906		)	(300,492		)
	$	488,941		$	564,291

(1)

Accumulated amortization includes $85,893 and $109,453 relating to in-place lease values, leasing commissions and legal costs at June 30, 2016 and December 31, 2015, respectively. Amortization expense of in-place lease values, leasing commissions and legal costs was $8,203 and $18,667 for the three months ended June 30, 2016 and 2015, respectively, and $17,050 and $40,345 for the six months ended June 30, 2016 and 2015, respectively.

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



	June 30, 2016			December 31, 2015
Above-Market Leases
Original allocated value	$	192,104		$	220,847
Less accumulated amortization	(58,481		)	(73,520		)
	$	133,623		$	147,327
Below-Market Leases(1)
Original allocated value	$	201,998		$	227,063
Less accumulated amortization	(97,937		)	(101,872		)
	$	104,061		$	125,191


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