Toll Brothers acquires Seattle area homebuilder

A sign for Toll Brothers is seen outside their offices in Horsham, Pa., Tuesday, June 3, 2008. Toll Brothers says hefty write-downs on the value of land joint ventures drove the luxury homebuilder to a second-quarter loss, but results topped Wall Street expectations. (AP Photo/Matt Rourke) (AP Photo/Matt Rourke)

November 21, 2011 12:55:06 PM PST
Luxury homebuilder Toll Brothers Inc. is expanding into a new state for the first time since the days of the housing boom.