NEW YORK — Malls aren’t as welcome as they used to be.

Under pressure from Wall Street to expand and grow earnings, mall owners are desperately seeking land in areas with strong demographics. More often than not, they’re being rebuffed by communities keenly aware that their lifestyle is being threatened by the encroaching development. The stakes now are higher than ever — there’s little open space left in the most desirable locations — so developers are hanging on by tooth and nail to any plot of land they set their sights on.

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