Toll Brothers, Shea Homes to develop California project
Two of the nation’s largest residential home builders are entering a joint venture to develop a sprawling Southern California subdivision, according to an article in Bloomberg News.
Toll Brothers, a public company best known for its high-end housing, is buying half of an Orange County development approved for as many as 2,379 single-family homes. Its partner will be Shea Homes, headquartered in Walnut, Calif., a privately held company that will help it develop the 387-acre Shea Baker Ranch in Lake Forest, according to the news report.
The project, about 12 miles from Orange County’s coast, has been approved by the city council. The land transaction, which is currently in escrow, is expected to close in June or July. Model homes should be open by January 2014, with move-ins beginning at the end of the year. About 80% of the residences will be single-family homes, with the remainder multi-family, Bloomberg reported.
Whirlpool supplies appliances to Meritage Homes
Benton Harbor, Mich.-based Whirlpool Corp. signed a deal with Meritage Homes to be the exclusive appliance provider to the builder’s homes, including first-time, move-up, luxury and active-adult.
Whirlpool will provide Jenn-Air, KitchenAid, Maytag and Whirlpool brand appliances to Meritage Homes’ extensive communities throughout the southern and western states.
“We believe Whirlpool Corp., and its portfolio of brands, is the best choice for our home buyers, as well as our business,” said Bill Harrill, VP national purchasing at Meritage Homes. “With a variety of highly regarded brands to choose from, Whirlpool’s appliance selection meets our home buyers’ varied lifestyle and design needs. Buyers should find their services and products exceptional in quality, and their go-to-market strategy is a strong match with ours, which is key to maintaining our efficient home-building schedule.”
Obit: Ronald Fosdick of Lumbermens
Ronald Fosdick passed away at his home with his family by his side on April 20. He was 75 years old.
Fosdick began his career as a plumber, then worked for Simpson Timber and later, Rex Floor Covering. For several years he operated his own flooring business called "Omni Floor Covering." In 1981 Fosdick went to work for Lumbermens (now ProBuild), where he worked for many years in a variety of contractor sales positions until he formally retired in 2009.
After retirement, Fosdick enjoyed frequenting the 40 et 8 and the Vet’s Club, visiting the local casinos, reading western and fantasy novels and, most of all, according to his family, “he loved hanging out with his best buddies from ProBuild to shoot the breeze.”