CB Richard Ellis was recently named the exclusive sales agent for the
property located at 4000 Powerline Road in Deerfield Beach. The
property, consisting of 2.57 acres of heavy industrial-zoned land with
three office and warehouse buildings totaling 13,500 square feet, is
priced at $2.6 million. Harry Tangalakis, senior vice president, and
Tom O’Loughlin, associate, both with CBRE’s Fort Lauderdale office,
will represent the owner, MD Moody and Sons, Inc., based out of
Jacksonville. TRD
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Consultant Jack McCabe is an unofficial spokesperson for South
Florida’s real estate market. His firm, McCabe Research &
Consulting, is a nationally recognized leader in real estate research,
analysis and consulting. His client list is a who’s who for real
estate, but that doesn’t mean the industry always likes what he has to
say. McCabe is one of the relative few willing to predict an extended
recovery period for the South Florida market. The Real Deal caught up with McCabe to talk about who’s to blame
for the crisis, the effectiveness of the Obama administration’s housing
assistance programs, the next wave of foreclosures, and his predictions
for a real estate recovery. [more]