Toll Brothers to Buy Seattle Builder

Toll Brothers Inc. said Monday that it is acquiring Seattle builder CamWest Development LLC for an undisclosed cash price.

The deal, which moves the luxury developer into the Pacific Northwest, is a rare example of an acquisition in the hard-hit home-building sector, which continues limping through the worst housing downturn in decades.

But Toll, based in Horsham, Pa., has weathered the downturn better than its peers. So far this year, its shares have fallen less than 1%, making it the sector's strongest performer. Shares of Hovnanian Enterprises Inc., another public builder, have fallen nearly 70% year to date.

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Google Grows In Ireland With EUR99.9M Building Buy

Google Inc.is expanding its operations in Dublin by agreeing Thursday to pay EUR99.9 million for the city's tallest office building, in one of Ireland's largest property deals since the financial crisis.

The 67-meter Montevetro building in Dublin's Grand Canal Dock district, has 15 stories, 210,000 square feet of office space and can house about 2,000 staff.

Google Ireland head John Herlihy said the new building will give it extra space to relocate some teams at other Dublin sites, including its European headquarters on Barrow Street, and "have the space and flexibility to support our future operations.


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