NEW YORK CITY-Island Fund, a newly formed entity controlled by Andrew L. Farkas, Insignia's chairman and CEO, will purchase all of Insignia's real estate investment assets.

UNIONDALE, NY-Long Island's largest office complex, EAB Plaza, has been sold to a newly formed joint venture. Situated on 26 acres, the 1.1 million sf Plaza reportedly sold for $185 million.

NEW YORK CITY-It's been rumored for months, but now it's official. Lend Lease has confirmed that it will exit the US real estate investment sector. GlobeSt.com has learned that a management buyout of Holliday Fenoglio Fowler is still the likely option.

NEW YORK CITY-It's now official. Eastdil Realty Co. has been named the exclusive advisor in connection with the planned sale of the Roosevelt Hotel.

NEW YORK CITY-A truly global real estate market might become a reality in the near future, according to an Ernst & Young report.

NEW YORK CITY-Bank of America and developer Douglas Durst, might shortly be inking a deal to build a $1 billion structure in midtown Manhattan, according to published reports.

NEW YORK CITY-Deadlines are fast approaching for the Lower Manhattan Development Corp.'s Residential Grant Program as well as the World Trade Center Memorial Competition.

NEW YORK CITY-Cushman and Wakefield bring their Alliance membership number up to 14 with the addition of members in Baltimore, Columbus, OH and Pittsburgh.