NEW YORK CITY-A joint venture specializing in converting office buildings for residential use has purchased the nearly one million-sf 15 Broad St. and adjacent 23 Wall St. properties.

NEW YORK CITY-Vornado Realty, one of the city's largest office building owners, has placed 2 Park Ave. on the market.

NEW YORK CITY- Time Equities Inc. has acquired 306-312 West 97th St. Grubb & Ellis represented the buyer as well as the seller.

NEW YORK CITY- Despite lively tenant activity in other areas of the city, the Downtown area is still feeling the effects of Sept. 11, according to the latest edition of REBNY's semi-annual retail report.

NEW YORK CITY-Economic recovery will be the key issue for REITs for the rest of 2003, according to members of Moody's Investors Services Real Estate Finance Team.

NEW YORK CITY-The National Association of Real Estate Editors presented GlobeSt.com with a second place award for best web site.

NEW YORK CITY-Banks ranging from 1,500 to 9,000 sf are sprouting up all over the five boroughs. Some real estate experts are calling banks the "new Gap.

NEW YORK CITY-Alchemy Properties Inc. is spending $20 million to convert an 1890's Beaux-Arts building into 23 residential loft condominium apartments at 42-48 East 20th St.