VALHALLA, NY-Developer Louis R. Cappelli has once again established a funding initiative aimed at assisting the youth in Westchester and Sullivan counties and is seeking applications from non-profit organizations for his Louis R. Cappelli Foundation.

NORWALK, CT-Applera Corp. will relocate its headquarters operations from offices on Main Street here and in Wilton to approximately 51,000 sf of space at 301 Merritt 7 by May of this year.

SHELTON, CT-PerkinElmer Instruments has signed a lease for 245,000 sf of space at 710 Bridgeport Ave. and will relocate its current operations in Norwalk and Wilton here by the second quarter of this year.

NORWALK, CT-The C.R. Gibson building here has been sold to an owner of a women's health and fitness center company for $1.7 million, according to Grubb & Ellis Co. of Stamford, CT, which brokered the deal.

WHITE PLAINS-Westin Hotels & Resorts, a subsidiary of Starwood Hotels & Resorts Worldwide Inc., based here, reports that its management agreement with Philippine Plaza Holdings Inc. for the Westin Philippine Plaza has been renewed.

YONKERS-HudsonView Associates has purchased the former Otis Elevator building in Yonkers in a deal valued at $7.5 million. In addition, the firm has already secured 52,500 sf in lease deals at the property, GlobeSt.com has learned.

WHITE PLAINS-Newmark & Co. Real Estate has been named exclusive leasing and managing agent for 81 Main St. by Massachusetts Mutual Life Insurance Co.

STAMFORD-W&M Properties recently handed out awards to CB Richard Ellis and Newmark & Co. Real Estate for bringing in the most lease deals at the firm's Fairfield and Westchester County office properties.