If all goes as planned, the initial phase of the gaming property will open its doors by the end of 2011.

Beverly Hills-based international real estate investment and services company Kennedy Wilson plans to capitalize on today’s buyers’ market via the establishment of a new partnership with Toronto-headquartered Fairfax Financial Holdings Ltd.

The four acquisitions are the 42,448-square-foot Riverside Market Square shopping center in Jacksonville, Fla.; the 189,340-square-foot Presidio Square shopping center in Houston; the 83,775-square-foot Commerce City Plaza shopping center in Commerce City, Colo.; and an 18-acre site in Vero Beach, Fla., which will be the location of the to-be-developed 92,000-square-foot Harbor Point shopping center.

According to Freddie Mac on Thursday, the average rate offered on 30-year fixed-rate home loans sank to 4.78 percent this week, down from 4.84 percent the previous week. Last week’s low was also within spitting distance of the record low of 4.71 percent set during late 2009.

While in Las Vegas, CEOs and other senior executives took time out from their dealmaking duties to take the pulse of the event and offer insights about what’s in store for the industry.

While occupancy levels in the office, industrial and retail sectors are forecasted to continue to decline this year and into 2011, the picture is rosier for the multifamily sector, where occupancy levels are expected to rise.

The pair are planning a mixed-use master-planned community with 12 million square feet of commercial and residential development.

According to the U.S. Department of Commerce, 14.8 percent more new homes were sold in April than in March. The annualized rate of new home sales was 504,000 in April, a whopping 47.8 percent more than during the same month last year.

The 381,000-square-foot office building at 1350 I Street NW, in Washington, D.C., has come under new ownership just four years after seller Beacon Properties snapped it up for $200 million.

The capital was deployed via a pair of transactions: a $72.5 million discounted purchase of a $90.6 million participation in a B note secured by four resorts in the United Kingdom and the origination of a $59 million first mortgage loan on a 38-story office building in Chicago’s central business district.