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Toll Brothers

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NEWS
October 14, 2010 | ASSOCIATED PRESS
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.
NEWS
April 23, 1989 | By Mark E. Neumann, Special to The Inquirer
East Brandywine Township supervisors said Toll Brothers Inc. would have to make "at least a 180-degree turn" in its proposal to build a 99-unit development off Route 322 before getting a long-sought public hearing for the project. Toll Brothers needs a public hearing to get approval of a zoning change that would allow construction of the $350,000 single-family homes on cluster- style, one-third acre lots. The houses are planned for a 100-acre tract located between North Guthriesville and Hopewell Roads.
NEWS
March 19, 1989 | By Lisa Scheid, Special to The Inquirer
Representatives of Toll Brothers, a Huntingdon Valley-based developer, told the East Brandywine Township Board of Supervisors that they were willing to change some parts of their plans to develop a 100-acre parcel in the village of Guthriesville. In a letter sent to township solicitor John Halstead, Toll Brothers addressed concerns that have surrounded the proposed 99-home development since it was presented to the Planning Commission more than a year ago. The developer agreed to contribute $50,000 to the township.
NEWS
December 27, 1992 | By Nancy Petersen, INQUIRER CORRESPONDENT
In the hot summer air of 1991, speculation soared about financial problems at one of the county's most venerable homebuilders, Ferguson & Flynn Enterprises. But at the firm's Watch Hill development along Shoen Road in West Whiteland Township, work continued despite the rumors, said township manager Stephen Ross. "Then all of a sudden," said Ross, "things just stopped. " Now it appears that after more than a year, things at Watch Hill will get moving again. Huntingdon Valley homebuilder Toll Brothers has bought Watch Hill, renamed it Whitford Ridge and plans to develop the remaining 65 lots of the 105-lot development with deluxe homes.
NEWS
May 13, 1994 | by Earni Young, Daily News Staff Writer
Since arriving in the Delaware Valley market three years ago, K. Hovnanian has become the Energizer Bunny among new-home builders. It just keeps growing and growing and growing . . . The Trevose-based division of Hovnanian Enterprises Inc. has moved with incredible speed to become the area's second-largest builder of new homes, after Toll Brothers Inc., according to Legg Mason Realty Group's quarterly marketing survey. The Delaware Valley operation, whose parent is based in Red Bank, N.J., reported 167 sales for the first quarter of the year.
NEWS
August 9, 2003 | By Stephan Salisbury INQUIRER STAFF WRITER
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.
NEWS
May 17, 2002 | By Bob Fernandez INQUIRER STAFF WRITER
Toll Brothers Inc., the Montgomery County-based builder whose half-million-dollar luxury homes have pushed the suburban fringe deep into farm country in many states, is now prowling cities and older suburbs for land to develop upscale condominiums and rowhouses. It is the builder's first urban push. Initial projects are in Providence, R.I., and near Chicago, in neighborhoods that Toll officials say would likely have a Starbucks coffee shop. Toll property buyers are looking up and down the Northeast Corridor for land in North Jersey, Boston, Brooklyn, Manhattan and Washington.
NEWS
June 18, 1988 | By Theresa Conroy, Special to The Inquirer
In secrecy during January 1985, Toll Brothers Inc., of Horsham, designed a house they say is like no other in the Delaware Valley. The home, a design the developer calls its Vineyard Model, includes a sunken dining room and a sunken living room, four bedrooms, 2 1/2 bathrooms and a huge master bedroom with a walk-in closet. In 1986, Toll Brothers began building the houses in two Upper Dublin Township developments. But this spring, according to a suit filed in Bucks County Court yesterday, Toll Brothers saw its one-of-a-kind houses popping up all over an Upper Southampton Township development being built by West Development Group, Ltd., of Feasterville.
NEWS
March 5, 1998 | BY SEAN O'ROUKE
I am embarrassed by my neighbors, whose sole concern with the Naval Home development by Toll Brothers seems to be whether they might lose a parking space or two. g1gues05SEAN O'ROURKE I am embarrassed by our politicians, whose vision for - and understanding of - our community extends the exact short length of their most parochial citizens. And who seem to use the mantra "market-driven" as an excuse to accept private development no matter the long-term damage to the city. I am embarrassed by the city commissions (historical and planning)
BUSINESS
March 6, 2004 | By Bob Fernandez INQUIRER STAFF WRITER
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.
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BUSINESS
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.
BUSINESS
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.
NEWS
October 14, 2010 | ASSOCIATED PRESS
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.
NEWS
August 13, 2010 | By CATHERINE LUCEY, luceyc@phillynews.com 215-854-4172
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.
NEWS
April 1, 2006 | By Nancy Petersen INQUIRER STAFF WRITER
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.
NEWS
July 15, 2005 | By Stephan Salisbury INQUIRER STAFF WRITER
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.
NEWS
April 8, 2004 | By Kristin E. Holmes INQUIRER STAFF WRITER
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.
BUSINESS
March 6, 2004 | By Bob Fernandez INQUIRER STAFF WRITER
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.
NEWS
August 9, 2003 | By Stephan Salisbury INQUIRER STAFF WRITER
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.
NEWS
February 24, 2003 | By CAMERON J. MacTAVISH
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.
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