Fort Washington
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Toll Brothers Acquires Site of Former St. Basil’s Academy, Plans for Senior Living Homes
Toll Brothers has purchased the 46-acre site of the former Saint Basil Academy in Jenkintown for $9.5 million, writes Paul Schwedelson for the Philadelphia Business Journal. The Fort Washington-based luxury homebuilder plans to transform the former school grounds into a 150-home age-restricted carriage home community for buyers 55 and older. The property, located at 711…
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Toll Brothers CEO Pays Tribute to Founders and Philadelphia
Toll Brothers CEO Douglas C. Yearley Jr. credits the company’s enduring success to the values instilled by its co-founder, Bruce E. Toll, writes Kevin Riordan for the Philadelphia Inquirer. “This company was founded on grit, and on being smarter and working harder than anyone else,” Yearley said. “That speaks to how Bob and Bruce were…
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Fort Washington’s Toll Brothers Sues Owner of Shuttered Golf Course in Florida
Fort Washington-based Toll Brothers has sued the owner of a shuttered Florida golf course to enforce a purchase agreement on the 55-acre property, writes Brian Bandell for the Philadelphia Business Journal. The luxury homebuilder filed a complaint through its affiliate Toll Southeast on January 31 in the U.S. District Court in West Palm Beach against…
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Gwynedd Mercy University to Host 27th Annual Golf Tournament
Gwynedd Mercy University will host its 37th Annual Golf Tournament on Monday, September 30, 2024. The event is sponsored by Irwin & Leighton Commercial Builders and will take place at Manufacturers’ Golf & Country Club in Fort Washington. Space is limited to 124 golfers. The tournament is a shamble format in which everyone plays their…
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Toll Brothers Sell Virginia Property After Data Center Makes an Offer ‘It Couldn’t Refuse’
Toll Brothers, based in Fort Washington, recently made an unexpected sale of a parcel of land in Virginia in what it is calling a “one-off,” saying it was an offer “it couldn’t refuse,” writes Dan Brendel and Michael Potter for the Philadelphia Business Journal. Toll Brothers CEO Douglas Yearley Jr., said during an investors’ call…
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Toll Brothers Sell Virginia Property After Data Center Makes an Offer ‘It Couldn’t Refuse’
Toll Brothers, based in Fort Washington, recently made an unexpected sale of a parcel of land in Virginia in what it is calling a “one-off,” saying it was an offer “it couldn’t refuse,” writes Dan Brendel and Michael Potter for the Philadelphia Business Journal. Toll Brothers CEO Douglas Yearley Jr., said during an investors’ call…
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Montco-based Toll Brothers Has Large Presence in Bucks County, Now it’s Set to Build in North Carolina
Montgomery County-based luxury homebuilder Toll Brothers, which has built properties in Bucks County, plans to build 358 homes on 140 acres in North Carolina, writes Collin Huguley for Charlotte Business Journal. Toll Brothers, based in Fort Washington, recently acquired the land in Huntersville which is just outside Charlotte. The company bought the land for just…
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How Bonds of Friendship Led to Viral Moment for Upper Dublin Grad
Spirits in the Philadelphia area are high as the Philadelphia Phillies gear up for the National League Championship Series. One Upper Dublin High School graduate is especially in high spirits as a t-shirt he made for his friend Phillies’ Orion Kerkering has gone viral. The story behind the t-shirt is one of friendship and a…
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Fort Washington’s Toll Brothers Opens New Collection of Carriage-style Townhomes
Fort Washington-based Toll Brothers recently opened a new active-adult collection of carriage-style townhomes at its 55+ community Preserve at Marsh Creek in Downingtown. The community offers 105 home sites, all with amazing views. There are eight different home designs to choose from, ranging from 2,180 to 2,351+ square feet. Each design comes with a first-floor…
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Fort Washington Home Builder Toll Brothers Sets Record Sales with New Strategy
In 2022 when the demand for new homes slowed down, Toll Brothers, headquartered in Fort Washington, adopted a new strategy that has led to record sales, writes Paul Schwedelson for Philadelphia Business Journal. CEO Douglas Yearley Jr. says the company’s record-setting fiscal third-quarter sales are proof that the strategy was successful. “Our houses are big,…
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Bob Marino Departing Citizens Financial Services to Join Trusted Land Transfer as Executive Chairman
Longtime banker Bob Marino has resigned as a Citizens Financial Services board member and chief revenue officer to focus on his role as chairman of Fort Washington-based title insurance company Trusted Land Transfer, writes Jeff Blumenthal for the Philadelphia Business Journal. Marino joined Citizens Financial just over two months ago as part of its $67…
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Fort Washington-based Toll Brothers Building Luxury Townhomes in Malvern
Fort Washington-based Toll Brothers is bringing luxury to Malvern. The firm is planning to redevelop 159 acres of acquired land for 280 townhomes, writes Paul Schwedelson for the Philadelphia Business Journal. The land was purchased for $33 million and the property will be located on Lapp Road and Old Morehall Road north of Route…
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Fort Washington’s Toll Brothers Capitalizes on Market Trends to the Tune of Record Quarterly Earnings
Toll Brothers is reporting record earnings as demand for new home construction grows, writes Paul Schwedelson for the Philadelphia Business Journal. The Fort Washington-based homebuilder finished its fiscal second quarter, which ended on April 30, with a net income of $320.2 million. This was an almost 50 percent increase from the same period in 2022.…
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After a Quarter-Century, Germantown Academy’s Girls Basketball Coach to Step Away from the Sidelines
Germantown Academy’s girls basketball coach Sherri Retif said she will retire at the end of the school year after 25 seasons with the program, writes Isabella DiAmore for The Philadelphia Inquirer. She will remain at the middle school as a member of the faculty. Throughout her years as a coach, she has impacted players who…
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Fort Washington-Based Timoney Knox’s Acquisition of Wayne Firm Positions It to Better Serve Main Line Clients
Fort Washington-based Timoney Knox, one of the largest law firms in Montgomery County, has acquired the Wayne law firm of Davis Bennett Spiess and Livingood LLC (DBSL). The acquisition means that Timoney Knox — renowned for its prominent trusts and estates practice, led by senior partner George Riter — will now add Carol Livingood to…
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Fort Washington-based Toll Brothers Co-Develops Multifamily Rental Community in Boston
Fort Washington-based Toll Brothers and PGIM, a global asset management business of Prudential Financial, have joined forces to develop Lyra, a 432-unit multifamily rental community in Boston. The project will be the first development by Toll Brothers Apartment Living rental division. It will be located in the City on a Hill’s downtown area, where it…
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Fort Washington-Based Billionaire Pledges to Give Away Most of His Fortune
Robert Toll, who co-founded Fort Washington-based Toll Brothers, has promised to give most of his vast fortune away, writes Ash Jurberg for NewsBreak. The son of a Ukrainian immigrant founded the luxury home builder in 1967 with his brother, Bruce. Together, they grew the company to become the nation’s fifth-biggest home builder with revenues of…
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Co-Founder of Toll Brothers Sees Plenty of New Business Opportunities, Despite World’s Turbulence
Bruce Toll, the co-founder of Fort Washington-based Toll Brothers and principal of Dresher-based BET Investments, is seeing plenty of new business opportunities appear from the current turbulent situation in the world, writes Joseph N. DiStefano for The Philadelphia Inquirer. Toll has long diversified the fortune he acquired through the luxury homebuilder. His firm has bet…
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