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Committee on Financial Services

United States House of Representatives

Hearing - Oversight and Investigations

Commercial Real Estate: A Chicago Perspective on Current Market Challenges and Possible Responses

Date: May 17, 2010


Room 2525, Dirksen Federal Courthouse, 219 S. Dearborn Street, Chicago, Illinois

*Note: This field hearing will not be webcast.

Witness List & Prepared Testimony:

Panel One

  • Mr. Peter Borzak, Principal, Pine Tree Commercial Realty, LLC, on behalf of International Council of Shopping Centers
  • Mr. G. Joseph Cosenza, Vice Chairman and Director of The Inland Real Estate Group, Inc., and President, Inland Real Estate Acquisitions, Inc., on behalf of National Association of Realtors and Illinois Association of Realtors
  • Mr. William E. Askew, Senior Policy Advisor, Financial Services Roundtable
  • Mr. Thomas W. Hough, CEO and Chairman, Carrollton Bank, on behalf of the Illinois Bankers Association
  • Mr. Greg M. Ohlendorf, President & CEO, First Community Bank, on behalf of Independent Community Bankers Association and Community Bankers Association of Illinois 

Panel Two

  • Mr. M. Anthony Lowe, Regional Director, Division of Supervision and Consumer Protection, Chicago Regional Office, Federal Deposit Insurance Corporation
  • Mr. Bert A. Otto, Deputy Comptroller, Central Office, Office of Comptroller of the Currency
  • Mr. Daniel T. McKee, Regional Director, Central Region, Office of Thrift Supervision
  • Ms. Cathy Lemieux, Senior Vice President, Supervision and Regulation, Federal Reserve Bank of Chicago

Panel Three

  • Ms. Paula Dubberly, Associate Director, Division of Corporation Finance, U.S. Securities and Exchange Commission
  • Mr. Kevin Stoklosa, Assistant Technical Director, Financial Accounting Standards Board
  • Mr. Leslie Sellers, President, Appraisal Institute
  • Mr. Kent Born, Senior Managing Director, PPM America, Inc., on behalf of CRE Finance Council
  • Mr. Bruce R. Cohen, CEO, Wrightwood Capital, on behalf of Real Estate Roundtable

Printed Hearing: 111-136


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