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September 22, 2025

Toll Bros. exits multifamily market

By JOURNAL STAFF

BEVERLY HILLS, Calif. — Buyer Kennedy Wilson and seller Toll Brothers jointly announced last week a $347 million deal that will mark Toll's exit from multifamily development.

Expected to close next month, the sale doesn't include any local Toll development sites. Its single-family and townhouse sites and land positions won't be affected.


 
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