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CHICAGO-The typical push-pull accusations and complaints about the crisis in commercial real estate, compounded by a lack of lending, permeated a US House hearing on CRE problems and solutions here Monday. The hearing, held at the Dirksen US Courthouse downtown, was overseen by the House’s Committee on Financial Services, Subcommittee on Oversight and Investigations. The topic was “A Chicago Perspective,” and the purpose was stated succinctly by Bruce Cohen, CEO of Wrightwood Capital, during the hearing, “The current credit system in America simply does not have the capacity to meet the legitimate demand for commercial real estate debt.”


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