The Real Deal Miami

Toll Brothers buys community with Chinese drywall

November 22, 2010 09:54AM

Toll Brothers has purchased the Parkland Golf & Country Club from
WCI Communities for $53 million, a transaction that includes 25 unsold
homes with defective Chinese drywall. “We’re very positive on the state
of Florida for the future,” said Ed Weber, regional president for Toll
Brothers. “The community was built with a very nice attention to detail,
and we see it as a perfect fit for the type of homes we like to build.”
The company paid $37 million for the community, while assuming $16
million in debt. When finished, the development will have 820 homes. [Miami
Herald]

78 Responses to “Toll Brothers buys community with Chinese drywall”

  1. November 28, 2010 at 1:09 am, Peter Bromley said:

    WCI could comeback if they tried.

  2. November 28, 2010 at 1:10 am, Frank Pierce said:

    I agree with Peter, they might comeback.

  3. November 28, 2010 at 1:15 am, Eustace West said:

    WCI will comeback.

  4. November 28, 2010 at 1:16 am, Mike Kelly said:

    There are Rumors that Starret is looking at them.

  5. November 28, 2010 at 1:17 am, Paul Sutherland said:

    Mark Kaplen the CEO of WCI will turn them around.

  6. November 28, 2010 at 1:19 am, Dylan Frostburg said:

    the gang that could not shoot straight should leave dodge.

  7. November 26, 2010 at 10:29 am, Roger Stanis Sr. said:

    Bob Toll is a the smartest CEO in America!

  8. November 28, 2010 at 1:20 am, Skipper Scully said:

    Their rental buildings could be monetized and give them an
    opening to comeback.

  9. November 26, 2010 at 10:30 am, Lohr Epstein said:

    The Toll people simply out work and out think the rest.

  10. November 28, 2010 at 1:22 am, Bailey Dehaveerse said:

    Their rental buildings could be their salvation.

  11. November 26, 2010 at 10:32 am, Hyman goldfarb said:

    A young lion to be reckoned with!

  12. November 26, 2010 at 11:26 am, Paul Arden said:

    Bob Toll is the man.

  13. November 26, 2010 at 11:27 am, Reed & Stambaugh said:

    These guys make it look easy.

  14. November 28, 2010 at 8:30 am, Morris Waltham said:

    WCI was spun off from Westinghouse and was just Great and
    Dandy at throwing up a gaint Storm and catching the Runoff.

    Robert Toll does it by the numbers and does it better than anyone.

  15. November 27, 2010 at 9:13 am, Dalton Hopen said:

    Robert Toll is the best Builder/Developer in the entire
    UNITED STATES!

  16. November 27, 2010 at 1:53 pm, David Band Esquire said:

    The Oaks in Osprey speks for itself.

    These guys are good.

  17. November 27, 2010 at 1:54 pm, Heather Fine said:

    The Toll company proves that national developers can better
    serve our housing needs.

  18. November 27, 2010 at 1:56 pm, Lenny Musskowitz said:

    They combine Aesthetics, Function, High Quality Workmanship
    and still yield a Profit.

    Bob Toll is the Dean Of Homebuilding.

  19. November 27, 2010 at 1:57 pm, Morris Rosenwald said:

    We love our Toll built home.

  20. November 27, 2010 at 1:58 pm, Lowell East said:

    They are simply the very best at what they do.

  21. November 27, 2010 at 1:59 pm, Sharon McFarland said:

    We love our Toll home, these guys are the Kings of building.

  22. November 27, 2010 at 2:00 pm, Adam Stanis said:

    The Toll’s build a great home, they are also Great Land Planners

    large Greenbelts on all their developments.

  23. November 24, 2010 at 4:30 pm, Connie Noskowitz said:

    Raveon Bob Toll!

  24. November 24, 2010 at 4:30 pm, Carol Blair Handel said:

    Bob Toll is America’s Best Builder& Developer!

  25. November 24, 2010 at 4:31 pm, Glen Kowett said:

    A great company, Toll!

  26. November 24, 2010 at 4:31 pm, Glen Kowett said:

    A great company, Toll!

  27. November 24, 2010 at 4:31 pm, Glen Kowett said:

    A great company, Toll!

  28. November 24, 2010 at 4:31 pm, Glen Kowett said:

    A great company, Toll!

  29. November 24, 2010 at 4:32 pm, Matt Liogorias said:

    The Tolls will save America!

  30. November 24, 2010 at 4:33 pm, James Elliot Costinemo said:

    Bob Toll is the Del Webb of his era!

  31. November 24, 2010 at 4:34 pm, Susan Tishman said:

    Sounds as if this is a Buying opportunity!

  32. November 24, 2010 at 4:35 pm, Carmen Calvanese said:

    Are they accepting refundable deposits?

  33. November 27, 2010 at 2:16 pm, Mom Detert said:

    I agree with Adam Stanis!

  34. November 27, 2010 at 2:17 pm, Charles Pritzker said:

    Theses guys doe it better and with more passion
    than anyone ever, Bill Levitt notwithstanding.

  35. November 27, 2010 at 2:23 pm, Anonymous said:

    They are Americas best Builder!

  36. November 27, 2010 at 2:24 pm, Anonymous said:

    The Toll Company does it better than anyone including

    KB Homes!

  37. November 27, 2010 at 2:27 pm, Lenny Arden said:

    The Toll Company welds,Top Level Design, Superior Land Planning

    with the Best Construction of any Production Builder.

    Bob Toll can do anything and everything he wants.

  38. November 27, 2010 at 2:29 pm, Carl Johnson said:

    Bob Toll built our home in 1976, it has quadruapled in value

    and we are just as happy today as when we moved in.

  39. November 27, 2010 at 2:31 pm, Conrad Jennings said:

    We bought a Bob Toll home in 1978, we still love our home.

    Bob Toll, is the smartest CEO in the country.

  40. November 27, 2010 at 2:34 pm, Matt Jarret said:

    The Toll Company was the first east coast builder to go public

    and the only build nationwide to build in the high price points.

    Bob Toll is the Henry Ford of Homebuilding.

  41. November 27, 2010 at 2:35 pm, Carly Simms said:

    We love our Toll bilt home.

  42. November 24, 2010 at 4:45 pm, James Calvanese said:

    Mortgage contingencies are part of most Agreement of Sales.

  43. November 27, 2010 at 2:37 pm, Kevin Grange said:

    The Toll company is proof that Americans can still build
    something real.

  44. November 24, 2010 at 4:47 pm, douglas Calvanese said:

    Are all the homes grouped around the Golf course?

  45. November 24, 2010 at 4:48 pm, Sherry Calvanese said:

    The Swimming pool is Olympic sized!

  46. November 27, 2010 at 2:40 pm, Tony Walton said:

    Philadelphia or Palm Beach a Toll built home is the

    THINKING PERSONS Choice!

  47. November 24, 2010 at 4:49 pm, Miles Cafcalmers said:

    Great Community!

  48. November 27, 2010 at 2:44 pm, Brad Eastman said:

    Toll Brothers Inc.; is the best builder in the country.

  49. November 27, 2010 at 2:46 pm, Ken Lusk said:

    The Toll house is a better value than all their competitors.

  50. November 27, 2010 at 2:47 pm, Dean Rozelle said:

    My folks still live in a Toll Brothers home in yardley Pa.

  51. November 27, 2010 at 2:49 pm, Danny Jackson said:

    Why cann’t the Toll Brothers buy American Drywall?

  52. November 27, 2010 at 2:51 pm, Gary Cullen said:

    Toll delivers a great product because they are not Wall Street
    fast buck players.

    The Toll family is a third generation builder and their
    buildings and homes speak for themselves.

  53. November 27, 2010 at 2:52 pm, Anonymous said:

    Bob Toll should take over HUD and fix it.

  54. November 27, 2010 at 2:53 pm, Anonymous said:

    By the numbers (not milking a development and giving it
    back to lender) Robert Toll is the best developer in america!

  55. November 27, 2010 at 2:57 pm, Partick Murphy said:

    I agree Robert Toll is Americas best developer.

  56. November 27, 2010 at 3:00 pm, Mike Robbins said:

    Toll Brothers has a work ethic and that is why they are
    America’s best Builder.

  57. November 27, 2010 at 3:03 pm, Carl Edwards said:

    Toll Brothers Inc. is proof Americans can still build things.

  58. November 27, 2010 at 3:07 pm, Paul Kennedy said:

    Robert Toll should be tapped by our goverment to help solve

    the housing problems of our nation.

  59. December 19, 2010 at 1:08 pm, Kenneth Mussleman said:

    They are the best at what they do!

  60. December 19, 2010 at 1:09 pm, Chipper Strauss said:

    They are the best Merchant Builder in America!

  61. December 19, 2010 at 1:10 pm, Paul Sutherland said:

    We love out Toll Home, best wishes and regards to the

    entire Robert Toll Group!

  62. November 27, 2010 at 6:29 pm, Anonymous said:

    In his day William Lyons was a Great Builder.

  63. March 03, 2011 at 11:34 am, Frank Lohr said:

    WCI has begun developing again!

  64. March 03, 2011 at 11:35 am, David Band Sarasota Florida said:

    WCI has emerged and will comeback!

  65. November 28, 2010 at 12:47 pm, Paul Bettermen said:

    WCI was a Chocolate mess.

  66. November 28, 2010 at 12:49 pm, Al Stanis said:

    Their work was mostly in Naples and the Universe is better
    if they stay Dormant.

  67. November 28, 2010 at 12:49 pm, Ronald Coles said:

    I agree with Al Stanis.

  68. November 27, 2010 at 9:35 pm, Anonymous said:

    Is WCI totally wipedout?

    They went Lickety Split and used no common sense.

    The Toll team is smarter.

  69. November 27, 2010 at 9:37 pm, Anonymous said:

    The folks at WCI were just palin Greedy and using OPM
    without thought of absorption rates or demand.

  70. November 27, 2010 at 9:38 pm, Anonymous said:

    Who will buy the WCI brand name?

  71. November 27, 2010 at 9:39 pm, Anonymous said:

    No thinking firm would want that monicker.

    Mayebe Carl Levin of Bank Atlantic can merge them with
    Levitt and comeout with a Dark Whole of a Matrix.

  72. November 27, 2010 at 9:41 pm, Ted Arnold said:

    The Toll team is a talented group of people who understand
    marketing and construction.

  73. November 28, 2010 at 5:15 pm, Henry Jacks said:

    The Toll Company does it better than anyone.

    Robert Toll set the standard for Greatness!

  74. November 28, 2010 at 5:16 pm, Ron Oneil said:

    These Toll guys combine Hard Work and Brains.

  75. November 28, 2010 at 5:17 pm, Duke Stanis said:

    Wish Toll would buy up more sites from distressed developers.

  76. November 28, 2010 at 5:18 pm, David Peterman said:

    The Toll Companies make it tough for the independent

    to compete.

  77. November 28, 2010 at 5:19 pm, Buzzie Ward said:

    The have greatness in their veins.

  78. November 28, 2010 at 5:21 pm, Samuel Calvanese said:

    the Toll Companies have access to Money Center banks for lines of credit.

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