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-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.

NEW YORK CITY-Insiders say it is beyond the Fed's capacity of repair and instead focus on changing the dependency the market has on rating agencies to survive.

NEW YORK CITY-With more questions than answers about the market here, stakeholders reassess and take pulse of the market today and where it's headed.