In the News

Andrew Farkas Speaks At This Year’s Commercial Observer Spring State of CRE

During this year’s Commercial Observer Spring State of CRE held at L&L Holding Company ‘s 222 Broadway, Andrew Farkas was a panelist offering his guidance while the commercial real estate industry is currently struggling.  The event presented the major trends, deals and developments of the commercial real estate market that are leading to market stabilization […]

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What is Next for Andrew Farkas After Selling Most of His Businesses?

Andrew Farkas sat with The Commercial Observer in February over the course of a couple of Zoom calls to discuss his career, and what is next on the horizon for him.   After graduating from Harvard, Farkas began his success by starting Insignia Financial Group. At its summit, Insignia oversaw apartments and commercial real estate. After […]

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Island Capital Group buys historic Lexington Hotel

In early July, Andrew Farkas’ Island Capital Group, in conjunction with MCR and Three Wall Capital, purchased the historic Lexington Hotel, located at 511 Lexington Avenue, NY, for $185 million. Built in 1929, the 725-key Marriott International-branded hotel is known as a staple of hospitality along Lexington Avenue. Island Capital’s offer comes in at 55 cents […]

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Stephanie Brock Named President of U.S. Residential Group LLC

U.S. Residential Group LLC (USRG) has named Stephanie Brock, an industry veteran in property management, as their new President. Ms. Brock will manage all aspects of the company which currently is responsible for 40,000 apartments. Al Fenstermacher, who Ms. Brock has replaced, will stay within reach of the company and serve as an advisor in the […]

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2016 Lipsey Commercial Real Estate Survey Ranks NAI Global in Top 5

Every year, The Lipsey Company, a leading training and consulting firm specializing in the commercial real estate industry, ranks the top 25 commercial real estate brands worldwide. Over 100,000 industry members casted a vote in this survey through means of ballots, phone interviews and / or focus groups. This allowed Lipsey to capture both quantitative and […]

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Andrew Farkas Named Among 50 Most Important People in Commercial Real Estate Finance

To compile its self-admitted subjective list of The 50 Most Important People in Commercial Real Estate Finance, Commercial Observer consulted various industry professionals and lists of top producers. Additionally, charts noting the most active banks were taken into consideration. While an emphasis was placed on the New York tristate region, geography was not the only […]

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ENSeC’s Impact on the Asian and Middle East Market

Island Capital Group has been involved in multiple international ventures since former Insignia Financial Group Chief Executive Officer Andrew Farkas founded it in 2003. The real estate merchant banking firm specializes in real estate operating businesses, real estate investment, and real estate securities.  It has operated as an advisor to the government of Dubai, United Arab Emirates. […]

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