Power center owners have been taking it on the chin for what is beginning to seem like forever. Since late 2008, the market has seen one big-box chain after another face troubles. Some have stopped expanding. Others closed stores. A few merged. And a handful—including Circuit City, Linens ’n Things and Borders—liquidated entirely. And the shakeout continues. Barnes & Noble has made it official that it plans to eliminate as many as a third of its units. Meanwhile, ...
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