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CHICAGO-The retail market is coming back from the recession-caused trough, with tenants interested in expanding again, according to many of the attendees at National Real Estate Investment Trust’s REITWeek here. However, development will be considerably off from the past 10 years, they said.

“I’d say we saw about 40 new regional malls built in the past decade, with us doing nine of them,” said Robert Taubman, chairman, president and CEO of Farmington Hills, MI-based Taubman Cos. “I’d say you’re only going to see 15 new malls in the next 10 years. We want to build almost half of them.”

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