Word: bluhm
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Dates: during 1990-1999
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...commercial real estate remains a disaster area, with largely vacant office towers bristling from urban landscapes across the U.S. "The real estate industry is stuck in the worst recession we've ever seen," says Neil Bluhm, co-founder of Chicago's JMB Realty Corp., which manages more than $20 billion worth of property. "There simply isn't any capital coming into the industry today. There will be absolutely no new construction commitments until, maybe...