Fort Washington
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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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Fort Washington-based Toll Brothers Plans to Build Mixed Use Townhouse Development at Site of Costco’s First HQ
Fort Washington-based Toll Brothers has paid $40 million for an 11-acre property in Kirkland, Washington, where it is planning to build a townhouse development with commercial space, writes Marc Stiles for the Philadelphia Business Journal. The property is currently home to two industrial buildings, one of which was the first headquarters of Costco Wholesale. The…
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Fort Washington Developer Pays $3.3M for Wilmington Site, Plans to Build Apartment Complex on Property
CSW Luxor VI Wilmington LP, an entity affiliated with Fort Washington-based Westrum Development, has acquired a 3.49-acre site in Wilmington for $3.3 million and plans to build a 193-unit apartment complex on the property, writes Natalie Kostelni for the Philadelphia Business Journal. The site located at 340 S. Market Street near Wilmington riverfront was sold…
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Fort Washington’s Toll Brothers May Scoop Up and Develop Phoenixville’s Closed Kindergarten Center Site
The Phoenixville Area School Board voted 5 to 3 to sell the Kindergarten Center, which has been closed since 2017, to Fort Washington’s Toll Brothers for $4.6 million, writes Holly Herman for the Patch. Toll Brothers has plans to turn the 7.4 acre lot at 100 School Lane, which was built in 1958, into townhouses.…
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Fort Washington-based Toll Brothers Reports Better-Than-Expected Quarterly Orders
Fort Washington-based Toll Brothers has reported better-than-expected quarterly orders thanks to strong demand for high-end homes that is not wavering as the pandemic continues for the second year, writes Prashant Gopal for Bloomberg. Purchase contracts for the three-month period through January increased two percent from a year earlier to 2,929. Analysts forecast 2,844 orders. Toll…
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Fort Washington-based Company Ranked as Most Admired Homebuilder in Fortune’s Latest List
To determine the ranking, Fortune collaborated with Korn Ferry to conduct a survey of 640 of the highest-revenue companies in the world across 52 industries and 28 countries. Executives, directors, and analysts were asked to rate their industries’ companies on nine criteria. Fort Washington-based Toll Brothers, the nation’s leading builder of luxury homes, has been…
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Fort Washington-based Toll Brothers Unveils Plans for Its First 55+ Community in Washington State
Fort Washington-based Toll Brothers has unveiled plans to build its first Regency 55+ active-adult community in the Pacific Northwest, Regency at Ten Trails. The nation’s leading builder of luxury homes will open the community of 403 single-level homes set in South King County in Washington state for pre-sales in February. Regency at Ten Trails will…
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Montgomery County’s Suburban Office Market Wraps Up 2021 With Strongest Q4 in Two Years
The suburban office market ended 2021 with one of the strongest quarters for the past two years, which helped further stabilize it. Natalie Kostelni unlocked the performance metrics for the Philadelphia Business Journal. “Clients are looking at taking less space and investing more in that space,” said Les Haggett of CBRE Group, the Dallas, Texas…
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Fort Washington-based CMO Launches Journal My Health, Comprehensive App for People with Chronic Illness
Tracey Welson-Rossman, chief marketing officer for Fort Washington-based Chariot Solutions and founder of nonprofit TechGirlz, has launched Journal My Health, a comprehensive app that helps people with chronic illness communicate better with healthcare providers, writes Kennedy Rose for The Business Journals. Welson-Rossman got the idea for the digital platform over a decade ago, after a…
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Erdenheim’s Matt Gardner Commits $1 Million EITC to Roman Catholic High School
Roman Catholic High School has received an EITC/OSTC commitment of $1 Million from Matt Gardner in Erdenheim, PA. This is the largest EITC /OSTC gift in the school’s history and will benefit as many as 400 current and future Roman students. Mr. Gardner, a 1983 graduate of the school and Founder, Chairman & CEO of…
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Fort Washington Elementary School Welcomes Back Students for First Time After Tornado Damaged School Building
Fort Washington Elementary School welcomed students back on Wednesday for the first time after a tornado damaged the school building, reports Deanna Durante for NBC10 Philadelphia. This was technically the kids’ second day inside the school. They attended classes on September 1, but later that day a tornado touched down and tore apart areas all…
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Fort Washington-based Toll Brothers to Rezone Southern Florida Agricultural Plant into Home Development
Fort Washington-based homebuilder Toll Brothers is looking to rezone an agricultural packing plant just west of Boca Raton, Florida. The company intends to build a new home development on the property, writes Brian Bandell for the Philadelphia Business Journal. Toll Brothers recently filed a large-scale land-use amendment with Palm Peach County for the 37.4-acre property…
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Fort Washington-based Toll Brothers Stock Rocked 2021, Showing Amazing Rise
Toll Brothers, a Fort Washington residential home builder, had an amazing last year that saw its stock skyrocket thanks to a strong housing market and despite rising material costs, writes Jea Yu of MarketBeat.com for Investing.com. The company’s shares rebounded sharply on its blowout fiscal Q4 2021 earning results. “We are very pleased with our…
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Fort Washington-based Toll Brothers Delivers Almost 10,000 Homes in 2021 Due to New House Demand
Fort Washington-based homebuilders Toll Brothers is reportedly looking at 20% revenue growth for the 2022 fiscal year, writes Ken Martin of Fox Business. For the luxury construction company, quarterly earnings have gone up—while the initial expectation per share was $2.49, the adjusted earnings are now going at $3.02 per share. Their shares have gained 63%…
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Johnson & Johnson’s Fort Washington-based Consumer Division Selling Tylenol to Become Separate Company
Johnson & Johnson has decided to split off its $15-billion-a-year consumer division that sells many well-known brands, including Tylenol medicines produced in Fort Washington, into a separate company, write Jonathan D. Rockoff and Peter Loftus for The Wall Street Journal. The company’s storied but slower growing group will separate from the prescription-drug and medical-device businesses…
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Johnson & Johnson, With Significant Presence in Montgomery County, to Separate Into Two Businesses
Johnson & Johnson, with a significant presence in Montgomery County, will separate into two public businesses, writes John George for the Philadelphia Business Journal. One company will be focused on consumer health products, while the other will focus on pharmaceuticals and medical devices, where it will become two businesses Johnson & Johnson is based in…
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Fort Washington-based Toll Brothers Lines Up $100M Loan for Philadelphia Apartment Project
Fort Washington-based Toll Brothers has secured a $100.2 million construction loan through Wells Fargo for an apartment complex in Philadelphia, writes Natalie Kostelni for the Philadelphia Business Journal. Last year, the luxury builder bought the site at Broad and Noble streets where it plans to develop the 344-unit apartment project from the Church of Jesus…
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Better Homes & Gardens Spotlights Fort Washington Midcentury-Modern Home
Looking as stylish today as when it was built nearly six decades ago, a 1963 midcentury-modern home in Fort Washington perfectly combines the best the past has to offer with nature’s fresh appeal, write Kathryn O’Shea-Evans and Eddie Ross for the Better Homes & Gardens. Better Homes & Gardens, one of the nation’s bestselling magazines,…
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