Sam Zell on CNBC right now 7:54 est

[Chris Vasquez]

Must see.

[Kyle King]

Sam's comments on the State of Commercial Real Estate:
http://classic.cnbc.com/id/15840232?video=3000008432&play=1

Here is the webpage with another 7 parts to the Sam Zell interview.
http://classic.cnbc.com/id/15838368/

Key points of the morning:
Commercial real estate development will not come back for a while, until the current 'empty' assets get filled up. We may have too much CRE built up in our cities. He is NOT a buyer.

He is a buying 'distressed debt' ...I assume that includes CRE debt as well a Corporate debt. Basically, he is sitting on cash and buying bad debt out of the bad banks/FDIC.

I watched at least 3 other videos. Good stuff.