McMansion pioneers Toll Brothers Inc., our country’s biggest luxury homebuilder, reported its bleakest annual results since going public during the Reagan administration. The company may deliver only 2,000 to 3,000 homes during fiscal 2009 (instead of this year’s 4,743), which means the recently-posted $297.8 million fiscal loss will likely get worse before it gets Read More
Toll Brothers, the nation’s largest luxury homebuilder, reported a 41 percent drop in building revenue in its latest quarter, and its chief executive wants some ready help from Uncle Sam, according to the Journal:
[Robert] Toll reiterated his stance that the federal government needs to take a more active role in shoring up the Read More
The vice president of Toll Brothers David Von Spreckelsen and another company representative unexpectedly appeared at a neighborhood meeting in Gowanus, Brooklyn, last night to defend the 575-unit residential project the builders plan to develop along the polluted canal.
Friends of Bond Street organized the meeting to rally public opposition to Toll Brothers’ Read More
New York was a very different place two years ago, and Robert Toll, chief executive of massive luxury homebuilder Toll Brothers, was a cockier man. "Shiller is predicting the mountain goes into the sea," he said about Yale economics professor Robert Shiller, who had been warning that the real estate boom was a dangerous bubble. Read More
Did we Read More
Having spent three years working for the Philadelphia Daily News (and having learned more about journalism from its former editor Zach Stalberg than just about anyone), I read about the paper’s sale today with hope. I have to admit my heart sank a little when I saw that the lead owner is one of Read More
