Toll Brothers has gone urban. The luxury builder in October purchased the assets of The Manhattan Building Co., a New Jersey builder that specializes in urban infill. Terms were not disclosed for the deal, which is expected to bring Toll a new presence in luxury mid- and high-rise development in northern New Jersey.
Standard Pacific continues to expand in Florida. In October, the Irvine, Calif.-based company said it planned to buy Jacksonville builder Coppenbarger Homes in an all-cash deal. Coppenbarger is expected to provide 450 homes and $100 million in revenue to Standard Pacific in 2004.