![Bally's hotel and casino in Las Vegas (iStock)](https://assets.law360news.com/1856000/1856646/a52685cd127b7c90a3bd78f101b15807b022feb5-ballys.jpg)
Property Plays: Brookfield, Bally's, Kushner Cos.
Property Plays is a weekly roundup of the latest loans, leases, sales and projects around the country. Send your tips — all confidential — to realestate@law360.com.
![Bally's said Friday it has struck a $2.1 billion deal with Gaming and Leisure Properties Inc. to finance construction of a casino and 34-story hotel tower on a riverfront site in Chicago by fall of 2026. (HKS)](https://assets.law360news.com/1857000/1857657/df6cf731aac030ad4a40ddc76d255e1dd9e35664-chi-casino-hotel.jpg)
Goodwin Reps Gaming Co. On Bally's Chicago Casino Deal
Goodwin Procter LLP represented Gaming and Leisure Properties Inc. in a Friday deal with Bally's to finance construction of a $940 million Chicago casino and hotel in a sale-leaseback deal giving the Pennsylvania real estate investment trust ownership of Bally casinos in Kansas City and Shreveport, Louisiana.
![(iStock.com/peterspiro)](https://assets.law360news.com/1857000/1857759/e0ef3239db7d2b0c33132d2768880b1c485356a4-istock-1407770056.jpg)
FHFA Unveils New Protections For Multifamily Tenants
Fannie Mae and Freddie Mac will institute new tenant protections for multifamily properties financed by both enterprises, the Federal Housing Finance Agency announced Friday.
Commercial More
Four firms and one solo practitioner guided Barings and Counterpointe Sustainable Real Estate's provision of a combined $165.3 million for the second phase of Baywater Properties' mixed-use development in Dari... (more story)
A sixth-generation Arizona rancher is fighting a bid by the Biden administration to dismiss litigation challenging a presidential proclamation that designated an Indigenous site in the Grand Canyon region a na... (more story)
![KKR has purchased a 12-building industrial logistics park in Houston for $234 million. (Sipa via AP Images)](https://assets.law360news.com/1858000/1858063/758c3dcfe32224466b5f6d30567c95d2701c8833-logos_displayed_on_a_smartphone_in_ukraine_-_09_apr_2021_21650.jpg)
Global investment firm KKR purchased a 1.8 million-square-foot, 12-building industrial logistics park in Houston from Artis Real Estate Investment Trust for $234 million, the companies announced Monday.
A Philadelphia property owner properly had its appeal of a tax assessment dismissed by a trial court because its complaints were meritless, the Pennsylvania Commonwealth Court affirmed.
U.S. law firms have been working to reduce the amount of office space allocated per attorney. Despite these efforts, a recent report by the real estate services company Savills Inc. found that the average squa... (more story)
Law360 is pleased to announce the Rising Stars of 2024, our list of 158 attorneys under 40 whose legal accomplishments belie their age.
Washington, D.C., plans to offer a 15-year property tax freeze for projects that aim to reposition an office building for a different commercial use, building on the city's larger effort to enliven its downtow... (more story)
Residential More
Tighter regulations on bulk billing in multitenant environments could make it harder for seniors, low-income households and students to afford high-speed internet service, industry representatives told the Fed... (more story)
The D.C. Circuit won't reconsider a ruling that allowed the U.S. Department of Justice to reopen an investigation into certain rules and policies of the National Association of Realtors, rejecting the trade gr... (more story)
![Navy veteran Frederick Gonzaga, 54, attends the grand opening of two buildings at the VA's West Los Angeles Campus on May 2, 2023. The buildings contained 120 permanent, private residential units for unhoused and at-risk veterans. (Christina House / Los Angeles Times via Getty Images)](https://assets.law360news.com/1858000/1858046/8bbf7a5e71cf3a852e73ef19f921c7b765d147a3-gettyimages-1252551044.jpg)
A California federal judge sided with a class of homeless, disabled military veterans on some of their claims in a lawsuit accusing the U.S. Department of Veterans Affairs and the U.S. Department of Housing an... (more story)
McElroy Deutsch Mulvaney & Carpenter LLP and its former business development director, who is accused of stealing millions from the firm partially via fraudulent credit card use, are at odds over whether the f... (more story)
Loan marketplace LendingTree is asking the Federal Communications Commission to add an exception to its new "lead generator" consent rule, saying that as it's currently constructed, the rule disadvantages smal... (more story)
Canadian Apartment Properties Real Estate Investment Trust on Monday revealed it has agreed to sell its manufactured-home community portfolio to private equity giant TPG's real estate platform for $740 million.
The Connecticut Supreme Court on Friday agreed that a property dispute between the Chabad Lubavitch of Western and Southern New England Inc. and a Stamford rabbi belongs before a private religious panel, settl... (more story)