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Hot Issue: Retail Space

7/7/08
Steve & Barry's Sweet Lease Deals Expire

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The most popular retailers commonly get the most advantageous lease terms from real estate landlords. But one fast-expanding retailer, Steve & Barry's, is teetering on the edge of bankruptcy after apparently being supported for years by sweetheart deals from landlords. Have landlords been overly generous in handing out sweetheart deals to anchors? Is Steve & Barry's an anomaly or a sign of bigger real estate problems to come at retail?

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