Editor's note: "Bricks and Mortar" is a series of columns written by real estate reporter Nicholas Yulico meant to help TheStreet.com readers generate real estate and gaming-related stock ideas.
In a curious side effect of the stock market's shakeout this week, two companies that have already agreed to buyouts at hefty premiums have become screaming buys again.
Hilton Hotels(HLT Quote) and Penn National Gaming(PENN Quote) -- two components of the Bricks and Mortar mock portfolio -- have been unjustly beaten down by concerns about financing for their takeovers.
In short, recent financing worries for the buyouts of DaimlerChrysler's (DCX Quote) Chrysler Group and newspaper owner Tribune (TRB Quote) have raised concerns that credit will be much harder to obtain for private-equity 
giants performing leveraged buyouts. Thus, risk arbitrage spreads are widening for buyout deals already in the hopper.
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