New York

Somers Town Supervisor Rick Morrissey said that the former IBM facility in Somers could provide Amazon with 1 million square feet of space of move-in-ready space, while PepsiCo's former offices nearby could provide another 540,000 square feet of move-in-ready space.

The Bahrain-based alternative investment manager reports that its U.S. based real estate arm acquisitions raised Investcorp's investment in U.S. real estate over the past 18 months to more than $1.8 billion.

A roundup of recent deals, leases, executive moves, and other news from the past week.

The initial phase of the agreement will facilitate Cushman & Wakefield appraisers to provide multifamily valuation services in the New York market utilizing Bowery's proprietary technology.

Silverback's focus has been primarily in New York City, but Schuster says the firm is now exploring development opportunities in Florida and Washington, DC.

The training legislation was proposed earlier this year in response to rising job site deaths and accidents that have taken place in the city/

The development suffered considerable damage from Hurricane Sandy in 2012 when floodwaters poured into Westbeth's basement, flooding the block-square building with nine feet of water.

The two-phased Bronx Point waterfront development will include at full build-out up to 1,045 units of housing, a home for the Universal Hip-Hop Museum, a state-of-the-art multiplex theater, education space and a neighborhood food and beverage hall and incubator.