Commercial Real Estate's Health

With a 2006 or 2007,we would not have had any issue at Tribune,Sam Zell maintained.It was a tsunami.Business eroded much faster than we had expected.The biggest problem everyone has right now is a lack of visibility.It's very hard to see how the economy will be next year.When you look at commercial real estate,everything has to come down to supply and demand.Because we haven't built since 2007,that will cushion the blow to commercial real estate.I don't think there will be any diminution of cash flow.There is less excess inventory in office space than in previous crises,said Sam Zell,who is Chairman of Equity Group Investments.