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Deferred Charges and Other Assets, net
 12 Months Ended
Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Charges and Other Assets, net Deferred Charges and Other Assets, net:
Deferred charges and other assets, net at December 31, 2024 and 2023 consist of the following:
20242023
Leasing$69,077 $89,175 
Intangible assets:  
In-place lease values(1)142,979 59,478 
Leasing commissions and legal costs(1)27,676 16,364 
   Above-market leases74,712 66,002 
Deferred tax assets25,324 24,024 
Deferred compensation plan assets69,031 62,755 
Other assets48,771 73,576 
457,570 391,374 
Less accumulated amortization(2)(88,017)(128,306)
$369,553 $263,068 
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(1)The amortization of these intangible assets for the next five years and thereafter is as follows:
Year Ending December 31, 
2025$51,111 
202626,731 
202717,828 
202811,615 
20298,376 
Thereafter21,111 
$136,772 

(2)Accumulated amortization includes $33,883 and $39,540 relating to in-place lease values, leasing commissions and legal costs at December 31, 2024 and 2023, respectively. Amortization expense for in-place lease values, leasing commissions and legal costs was $18,423, $7,417 and $6,734 for the years ended December 31, 2024, 2023 and 2022, respectively.
The allocated values of above-market leases and below-market leases consist of the following as of December 31, 2024 and 2023:
20242023
Above-Market Leases(1)  
Original allocated value$74,712 $66,002 
Less accumulated amortization(26,173)(36,926)
$48,539 $29,076 
Below-Market Leases(1)  
Original allocated value$114,150 $85,174 
Less accumulated amortization(36,338)(37,490)
$77,812 $47,684 
_______________________________

(1)Above-market leases are included in deferred charges and other assets, net. Below-market leases are included in other accrued liabilities.

The allocated values of above and below-market leases will be amortized into minimum rents on a straight-line basis over the individual remaining lease terms. The amortization of these values for the next five years and thereafter is as follows:
Year Ending December 31,Above
Market		Below
Market
2025$12,535 $15,874 
20269,201 13,306 
20277,253 10,069 
20285,408 8,079 
20294,502 6,982 
Thereafter9,640 23,502 
$48,539 $77,812