LONDON & NEW YORK-Corporate raider Carl Icahn has raised the prospect of a bidding war at Insignia, and news that he was in talks with the company forced Insignia's share price up another $1.27 to $10.99 in late trading in New York yesterday.

LONDON & NEW YORK-Sources very close to the deal have confirmed that CB Richard Ellis has agreed to buy Insignia Financial Group. After the dust settles, the merger will create what is being touted as the world's biggest real estate brokerage firm.

LONDON & NEW YORK-Sources very close to the deal have confirmed that CB Richard Ellis has agreed to buy Insignia Financial Group. After the dust settles, the merger will create what is being touted as the world's biggest real estate brokerage firm.

LONDON-The Osprey Limited Partnership, managed by Teesland's Equity Partnerships Fund Management, has paid Clerical Medical Investment Managers pounds 5.1 million ($8.4 million) for a retail portfolio which shows a 6.5% initial yield.

LONDON-Dartford Borough Council in North Kent has signed a development agreement with ProLogis for a 2 million sf development on the 270-acre Joyce Green Hospital site beside the QEII bridge over the Thames.

LONDON-Omega European Investment has purchased Birmingham's Great Western Arcade and 10 Colmore Row in a pounds 15 million ($25 million) deal. The Victorian arcade with an early 1950s office building fronting Colmore Row, was sold by Prudential Property Investment Managers.

LONDON-In one of the City's biggest lettings for over a year, Lehman Bros has sublet just over 100,000 sf at 1 & 2 Broadgate to ICAP, the world's largest inter dealer broker.

LONDON-Standard Life Investments Funds has paid Hermes pounds 18.67 million ($31 million) for a mixed use retail and office investment at St Ann's House, Manchester The purchase price reflects an initial yield of 6.58%.