NEW YORK CITY—American Realty Capital New York City REIT has agreed to acquire the Downtown office tower for $253 million.

NEW YORK CITY—The multifamily developer, who will convert the former American Bible Society's headquarters building into apartments, purchased the asset for $300 million.

LONDON—Kennedy Wilson has closed on a portion of the acquisition form Aviva, a portfolio that inlcudes 180 properties in the UK.

It's always something, isn't it? Now, the strong dollar restrains economic growth… Exports are off, imports are up… The trade gap widens... Savings from lower gasoline and heating prices offers some offset, but since a majority of Americans have little cushion in their bank accounts or retirement plans with many living pay check to pay check, spending is better but not off the charts.  After lagging in the post-recession malaise, car sales finally spurt. But…