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Deals all but screeched to a halt when the US went into lockdown mode six or seven weeks ago, sending the economy into a deep recession and causing havoc in the commercial real estate markets. Simply put, the industry went into deer-in-headlights mode and it remains there to this day, according to comments Sam Zell, chairman and founder of Equity Group Investments recently made on Bloomberg TV.

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Erika Morphy

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