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Other Assets
 9 Months Ended
Sep. 30, 2013
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER ASSETS
OTHER ASSETS
Other assets on the balance sheets as of September 30, 2013 and December 31, 2012 included the following (in thousands):
 
 
September 30, 2013
 
December 31, 2012
Lease inducements, net of accumulated amortization of $3,892 and $4,718 in 2013 and 2012, respectively
 
$
9,743

 
$
11,089

FF&E and leasehold improvements, net of accumulated depreciation of $19,779 and $18,877 in 2013 and 2012, respectively
 
6,894

 
4,814

Prepaid expenses and other assets
 
3,476

 
2,044

Predevelopment costs and earnest money
 
2,765

 
3,284

Loan closing costs, net of accumulated amortization of $2,784 and $2,624 in 2013 and 2012, respectively
 
4,379

 
3,704

Intangible Assets:
 
 
 
 
In-place leases, net of accumulated amortization of $16,276 and $5,729 in 2013 and 2012, respectively
 
162,792

 
21,637

Above market leases, net of accumulated amortization of $10,629 and $9,424 in 2013 and 2012, respectively
 
12,988

 
6,892

Below market ground lease, net of accumulated amortization of $24 and $-0- in 2013 and 2012, respectively
 
1,701

 
—

Goodwill
 
4,147

 
4,751

 
 
$
208,885

 
$
58,215



Goodwill relates entirely to the office reportable segment. As office assets are sold, either by the Company or by joint ventures in which the Company has an ownership interest, goodwill is reduced. The following is a summary of goodwill activity for the nine months ended September 30, 2013 and 2012 (in thousands):
 
Nine Months Ended September 30,
 
2013
 
2012
Beginning balance
$
4,751

 
$
5,155

Allocated to property sales
(604
)
 
(116
)
Ending balance
$
4,147

 
$
5,039