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New York

SoFla broker offered leased-car freebies to move condos

Consultant Jack McCabe said the car giveaways suggest condo market weakness

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From the South Florida website: Real estate brokerage firm Engel & Völkers offered leased cars to customers who reserved a unit last weekend at one of at least a dozen condominium developments in South Florida.

The Boca Raton Resort and Club is hosted an event last weekend showcasing condos and offering buyers a leased car. Engel & Völkers developed the promotion with Quantum Marketing Group. [more]