Chicago real estate tycoon Sam Zell warns the commercial real estate markets won't return for another five years. Zell is known for his ability to scoop up distressed bargains, but this time, he says there are not enough coming to market. He made his comments during a recent appearance -- his second for this venue -- at the University of San Diego Burnham-Moores Center for Real Estate forum on the state of the real estate market.

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