Toll Brothers (TOL) announced a joint venture between its Toll Brothers City Living division and Daiwa House to develop a new luxury condominium community in the New York City metro market. Located on the Hudson River waterfront and offering unobstructed skyline views of Manhattan, Vista Pointe will be a nine-story, 73-unit luxury condominium community at 8 Avenue at Port Imperial in West New York, New Jersey. Toll Brothers is acting as managing member and development lead for the project, overseeing approvals, design, construction, and sales. The partnership has closed on an acquisition and construction loan with Bank OZK arranged through Toll Brothers’ in-house Finance Department.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TOL:
- Time to Turn Bullish on These 2 Homebuilding Stocks, Says Wedbush
- Judge blocks Tapestry-Capri deal, Centene reports Q3 beat: Morning Buzz
- Apple downgraded, Tesla upgraded: Wall Street’s top analyst calls
- Wedbush upgrades Toll Brothers on selloff, move up demand
- Toll Brothers upgraded to Outperform from Neutral at Wedbush
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
