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NEW YORK CITY-Samuel Zell, chairman of Chicago-based Equity Group Investments, had some choice words for the commercial real estate industry at NYU Schack Institute of Real Estate’s 17th Annual “Doing Deals in Volatile Markets” conference on Thursday afternoon. “In terms of scale and in terms of velocity, our industry is extraordinarily constipated,” he said, noting that escalating interest rates and heavy debt is burdening the market from moving forward.

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