January 17, 2013
In the Region Fed survey: Economy picking up The U.S. economy picked up across much of the country last month, boosted by auto and home sales, even as the outlook for unemployment showed few signs of improvement, the Federal Reserve said in its Beige Book business survey, which is based on reports from the Fed's 12 district banks. The report was prepared for discussion at the Federal Open Market Committee's Jan. 29-30 meeting. The Philadelphia and New York districts "rebounded from the immediate impacts of Hurricane Sandy" while Boston, Richmond and Atlanta reported that growth increased slightly in their districts.
October 2, 2012
Securities trades recently reported to the Securities and Exchange Commission by officers, directors and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC. Amerigas Partners L.P. Gregory A. Pratt , director, bought 1,000 shares at $42.97 on Sept. 21, and now directly holds 2,579 shares. Ametek Inc. Charles D. Klein , director, sold 8,200 shares at $35.80 on Sept. 18, and now directly holds 261,649 shares.
October 14, 2010 |
Toll Brothers Inc. plans to build a luxury residential building on a piece of property on the Upper East Side of Manhattan that it recently purchased. The luxury homebuilder did not disclose terms of the purchase or the name of the seller. Toll Brothers said today that the planned 15-story building would contain about 25 luxury residences. Sales are expected to start next summer. CEO Douglas C. Yearley Jr. said in a statement that Toll Brothers was taking advantage of the depressed housing market, purchasing attractive properties.
August 13, 2010 |
The head of the Philadelphia Housing Authority is having difficulty paying his mortgage. According to court documents, Wells Fargo Bank has started foreclosure proceedings against Carl R. Greene, PHA executive director, over his pricey Naval Square condo. Greene's salary this year was $306,370, with a bonus of $44,188. He bought the 2,100-square foot condo in the Naval Square development in 2007 for $615,035, according to city records. Greene was unavailable for comment last night, but PHA spokesman Kirk Dorn confirmed that Greene is having mortgage problems.
April 1, 2006 |
Supervisors in Upper Makefield Township could vote next week on a hastily negotiated compromise that could clear the way for a new national veterans cemetery to come to the Bucks County community. The proposal was approved Thursday night by a citizens panel appointed by the Upper Makefield Supervisors following an outcry when the public learned the terms of the original deal. Critics said it would have permitted Toll Brothers Inc., the national homebuilding firm, to change the terms of a regional zoning law. Now, Toll Brothers has agreed to reduce by 25 units the number of houses it would build on two tracts in exchange for selling 200 acres to the U.S. Department of Veterans Affairs at a discounted price of $7 million.
July 15, 2005 |
One of the city's longest-running and most significant historic preservation battles - the effort to save and revitalize the historic U.S. Naval Home - came to a successful conclusion yesterday with the formal dedication of a massive luxury housing development by Toll Brothers. "It's astonishing," said Gov. Rendell, standing at a podium set in front of the neo-Classical Biddle Hall, designed by William Strickland in the 1830s, home of the nation's first Naval Academy and site of a devastating five-alarm arson fire two years ago. "This is an astonishing result for those of us who were true believers, and I was a true believer.
April 8, 2004 |
Joseph F. Toll, 86, of Cinnaminson, a retired social worker, family therapist and hospital administrator, died of complications from kidney failure Sunday at the Medical College of Pennsylvania Hospital in Philadelphia. Mr. Toll turned his back on his father's construction business because he wanted "to save the world," said his daughter Caroline Toll Oppenheim. Mr. Toll's father, Abe Toll, was a builder and an uncle of the founders of the Huntingdon Valley-based Toll Brothers Inc. construction firm.
March 6, 2004 |
Bob Toll, the driving force behind luxury-home builder Toll Brothers Inc., doubled his compensation in 2003 to $21.5 million in salary and bonus, according to corporate documents. This reflects the fact that profit at Toll Brothers, of Huntingdon Valley, rose about 20 percent last year and that Toll, its chairman and chief executive officer, receives his "cash bonus" in company stock, Joel Rassman, chief financial officer, said yesterday. Toll's bonus is a percentage of company profits, and is converted into company stock at $19.31 a share, a price set in December 2000.
August 9, 2003 |
After some lively exchanges, the city Historical Commission yesterday gave its blessing to much of Toll Brothers' preliminary development plans for the historic U.S. Naval Home site. The commission approved the layout for the first phase of development, which calls for construction of about 300 residential units, including townhouses, condominiums and apartments. There was less consensus on the preliminary design renderings for the houses and a large apartment addition planned for Biddle Hall, the 1830s Greek Revival centerpiece of the 20-acre site at 24th Street and Grays Ferry Avenue.
February 24, 2003 |
AS AN architect, former neighbor and someone with more than a passing knowledge of the Naval Home site and its historic landmark buildings, I think the time is right to move forward with plans to rehabilitate the three remaining historic structures and reinvigorate the site and surrounding neighborhood by developing the site. The generally good condition of the buildings (despite the recent fire), the fact that Toll Brothers can afford to do the work and the strong market in the city for new housing all favor immediate action.