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Restaurants and retail stores, hit hard by a sharp pullback in consumer spending, are increasingly asking landlords to share their pain.
They are pleading with mall and shopping-center owners to cut their rent and make other concessions to help them survive.
Landlords, who also are struggling with rising vacancies and tight credit, are trying to hold their own. But with the prospect of losing tenants and with new occupants scarce, landlords are increasingly opting to deal. more…