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Intangible Assets
 9 Months Ended
Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
INTANGIBLE ASSETS
Intangible assets on the balance sheets as of September 30, 2014 and December 31, 2013 included the following (in thousands):
 
 
September 30, 2014
 
December 31, 2013
In-place leases, net of accumulated amortization of $51,957 and $26,239 in 2014 and 2013, respectively
 
$
127,624

 
$
152,830

Above-market tenant leases, net of accumulated amortization of $12,990 and $11,284 in 2014 and 2013, respectively
 
9,929

 
12,332

Below-market ground lease, net of accumulated amortization of $0 and $21 in 2014 and 2013, respectively
 
—

 
1,680

Goodwill
 
4,057

 
4,131

 
 
$
141,610

 
$
170,973



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, 2014 and 2013 (in thousands):
 
Nine Months Ended September 30,
 
2014
 
2013
Beginning balance
$
4,131

 
$
4,751

Allocated to property sales
(74
)
 
(604
)
Ending balance
$
4,057

 
$
4,147