PITTSTON, PA-The funding contributes to the rehabilitation of the four-story Saint Gabriel Apartments at 13 William St. here into 16 units for formerly homeless people. The 21,400-sf structure will include community space.

CHICAGO-Total returns from real estate are expected to fall to 5.3% annually over the next five years, down from 13.5%, according to an 82-page forecast published by Principal Real Estate Investors, Real Estate Research Corp. and Torto Wheaton Research.

PHOENIX-KSL Recreation Corp. hires Goldman, Sachs to weigh sale versus refinance of the famed Arizona Biltmore Resort & Spa plus a handful of other resort holdings. KSL bought the "Jewel of the Desert" three years ago for $335 million.

PORTUGAL, SPAIN-The hotel company based in Chevy Chase, MD, is the new manager of a golf resort in the Estoril coastal region of Portugal. A $20-million renovation and expansion is scheduled to begin next year.