Fort Washington
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Ongoing Residential Real Estate Market Sluggishness Begins to Take a Toll on Toll Brothers
A stubbornly tepid commercial real estate market saw Toll Brothers taking action to increase 1Q2023 margins. Ryan Mulligan covered its recent cost-cutting tactics in the Philadelphia Business Journal. The Fort Washington luxury home developer saw new home orders drop to about half of what they were this time last year. And even for contracts that…
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Responding to Market Pick-up, Fort Washington-based Toll Brothers ‘Dropping Incentives’
Fort Washington-based Toll Brothers noted a residential real estate market upswing at the start of 2023, recording as many contracts in January as the home builder made in November and December combined. Ryan Mulligan unlocked the details for the Philadelphia Business Journal. According to Toll Brothers CEO Douglas Yearley, February is showing a similar promise.…
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Fort Washington Developer Collaborates with King of Prussia Contractor on Bucks County Office
Mediplex Property Group (MPG), Fort Washington, has begun a build-to-suit renovation on a single-story, 12,800-sq.-ft building in Newtown, Bucks County. My ChesCo reported on the project. Upon completion in late 2023, Mediplex Newtown will house a combination of outpatient healthcare modalities, including: Situated in the prestigious Newtown Business Commons, Mediplex Newtown is strategically located on…
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Local Hot Sauce Brand First Caught Fire with Fort Washington Fans
The fast-growing hot sauce brand Faiya got its start at Johnson & Johnson’s Fort Washington campus, wrote Lisa Dukart for the Philadelphia Business Journal. The brand’s founder, Radhi Fernandez, was working for the pharmaceutical and consumer goods giant for a decade when he took up gardening on one of its onsite plots — an employee…
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Fortune: Fort Washington’s Toll Brothers Is the No. 1 Most Admired Home Builder Worldwide
For the eighth year running, Toll Brothers — the Fort Washington–headquartered builder of luxury homes — has topped Fortune magazine’s list of most admired companies of 2023. The distinction recognized the company in the home builder subset of commercial entities worldwide. Fortune’s analysts worked with partner Korn Ferry, a Los Angeles management consultant, to peer…
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Fort Washington Site Is Bought by Out-of-State Developer; Luxury Apartments Coming
Jefferson Apartment Group (JAG), a Mass. apartment developer, has purchased a 14-acre parcel in Fort Washington. Partnered with commercial real estate firm CP Capital (New York), it seeks to construct 301 luxury apartments. Jeffery Steele reported the purchase and plans in Multi-Housing News. The yet-unnamed community will comprise three five-story buildings at 1125 Virginia Drive.…
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12 Montgomery County Public High Schools Rank Among Top 50 in Pa. for 2023
Twelve Montgomery County public high schools are among the top 50 in Pennsylvania for 2022, according to a new ranking recently released by Niche. To determine the ranking for its 2023 Best Public High Schools in Pennsylvania list, Niche analyzed key statistics from data provided by the U.S. Department of Education and millions of reviews…
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COVID Health Goals Helped Fort Washington-based Nutrisystem’s Profits Grow Fat
While some companies took a hit during the pandemic, Fort Washington-based Nutrisystem thrived. The weight-loss brand made its way onto American meal plans in 1972, and the subscription service has only blossomed from there. President Stephan Mikulak was meek about giving away company figures to The Philadelphia Inquirer, but it’s no doubt the company has…
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Nationwide Survey on Buyer Trust Among New Home Builders Reveals a Montco Standout
Lifestory Research, a California market research firm, polled more than 50,000 new-home shoppers across the U.S. Respondents were asked to quantify how much or how little they trusted builders. Leah Draffen collected the responses and analyzed the results. One downside became obvious: The pandemic bump in confidence surrounding the residential real estate construction business seems…
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High-School Sweethearts from Fort Washington, Connected Since 1963, Wed Nearly 60 Years Later
Carryl LaPrairie and Walt List, of Fort Washington, met and fell in love while attending Plymouth Whitemarsh High School in 1963, writes Kellie Patrick Gates for The Philadelphia Inquirer. They made big plans for the future. But once they started attending college in different parts of the country, things cooled down, and the pair broke…
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Five Montco Locales Gain Pennsylvania Historical and Museum Commission Recognition
The number of roadside blue-gold markers — designating locales of historic or cultural significance — is increasing in Montgomery County. Scott LaMar listed the latest inclusions for WITF, Harrisburg. In total, 36 new, easily recognizable signs are being placed statewide by Harrisburg’s Pennsylvania Historical and Museum Commission (PHMC). The evaluating process for the resident-nominated sites…
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Toll Brothers CEO: Too Soon to Know If Rate Drop Will Lift Demand
Toll Brothers CEO Douglas Yearley, Jr., told investors on his fourth-quarter earnings call that recent dips in mortgage rates are a good sign. But they’re not proof positive that the volatile market is on solid footing just yet. Reporter Paul Schwedelson unlocked Yearley’s insights in the Philadelphia Business Journal. Having overestimated the relatively good news…
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Fort Washington-Based Toll Brothers Heading to Texas; No Word of a Corporate Eagles-to-Cowboys Alliance Swap
Fort Washington-based developer Toll Brothers is staking a business claim in the Dallas area. It’s purely a residential real estate venture, with presumably no sign of the local company swapping hometown football allegiances. Toll Brothers will be pairing with Chicago-based real-estate trust Equity Residential to invest up to $1.9 billion worth of projects in capacity,…
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Valley Forge Tourism Board Embraces the Area’s World-Series Red-Letter Days
The 2022 World Series, pitting the Philadelphia Phillies against the Houston Astros, is a big deal to fervent and casual fans alike. Across the county over the next five days, Montgomery Countians will be swathed in red, gathering in area bars and restaurants, cheering as they haven’t done since 2009 — the last time the…
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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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Having Parsed Montco’s Public Schools and Districts for 2023, Niche Now Rates Its Private Ones
Montgomery County is home to 13 of 50 best private high schools in Pa. for 2023, according to a new report published by Niche. To determine the state’s 2023 best private high schools, Niche analyzed key statistics along with reviews submitted by students and parents. The ranking factors included SAT/ACT scores, student-teacher ratio, the quality…
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Lever-Pullers with Longevity: 55 Montco Voters Tick Enough Boxes to Make Pa. Voter Hall of Fame
As the 2022 election cycle trundles on, all the rhetoric, differences of opinion, and “I-approve-of-this-message” messaging may try the patience of some Montgomery County voters. But a select few have dedicated themselves so solidly to the electoral process that they enthusiastically participate anyway, keeping alive a decades-long streak of ballot casting. Those citizens have earned…
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National Merit Scholarship Semifinals List Reveals In-County High School High Achievers
The 2022 list of National Merit Semifinalists reveals the top PSAT scorers in Pa., a measure that may contribute to their earning of National Merit Scholarship achievement. Kristen A. Graham checked her spelling and her math in filing the related story for The Philadelphia Inquirer. The local scholastic standouts were among the highest scorers on…
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