NEW YORK CITY-An affiliate of Walter & Samuels Inc. acquires the $73.4-million, five-year flexible fixed-rate loan for the refinance of 304 Park Ave. S.

NEW YORK CITY-Bluerock Real Estate LLC will use the funds to facilitate the land acquisition and pre-development of a 51-by-100 foot land parcel at 1355 First Ave.

NEW YORK CITY-The Federal Open Market Committee lowers its target for the federal funds rate 50 basis points to 4.75%.

NEW YORK CITY-The Federal Open Market Committee lowers its target for the federal funds rate 50 basis points to 4.75%.

NEW YORK CITY-The grants, which comes from the Renew and Rebuild New York Transportation Bond Act of 2005, will support aviation, rail and port improvements.

EMERSON, GA-Plans for Highwoods River Point call for eight buildings ranging from 150,000 sf to 200,000 sf.

EMERSON, GA-Plans for Highwoods River Point call for eight buildings ranging from 150,000 sf to 200,000 sf.

WINTER PARK, FL-As part of the company's growth strategy for Florida, Apartment Realty Advisors opens an Orlando area office.