HORSHAM, PA-For the second time since November, the homebuilder cuts back on the number of homes it expects to sell this year. Signed contracts drop 21% this first fiscal quarter, compared with the same quarter a year ago.

CONSHOHOCKEN, PA-Leases inked by a pharmaceutical company and Conshohocken Health & Fitness bring overall occupancy in Preferred Real Estate Investments' redevelopment of the Lee Tire Factory to 85%. The 641,000-sf facility is also home to XO Communications, Norman Spencer McKernan, Thomcomp and Idea Integration.

WELLINGTON, FL-Florida Power & Light anticipates approval of its determination-of-need petition for construction of the West County Energy Center. The nod is due to come by mid-year with one power plant to go online in 2009, another in 2010.

WELLINGTON, FL-Florida Power & Light anticipates approval of its determination-of-need petition for construction of the West County Energy Center. The nod is due to come by mid-year with one power plant to go online in 2009, another in 2010.

CORAL GABLES, FL-Finser Corp.'s 22,603-sf lease joins two additional new tenants with an aggregate of 4,317 sf in the 16-story, class A office building at 121 Alhambra Plaza. The average asking rate is $31.40 per sf.

PHILADELPHIA-Hawthorne Associates sells the 216-unit multifamily asset at 4901 Old Stenton Ave. for $33,796 a unit to SGAG Realty LLC. In 1985, townhouses were added to the main building, a former factory that was converted in 1981.

BOOTHWYN, PA-RedGo Development sells five flex buildings aggregating 175,796 sf to a Boston-based investment adviser for just north of $21 million. The buildings were developed between 1998 and 2002 and are 97% leased.

MIRAMAR, FL-The Rockefeller Group/Kimco JV that is developing 54-acre Miramar Town Center finalizes an agreement with Lowell Homes to develop the residential component. Pricing of the condos, townhouses and live/work units tops off in the $400,000s.