Toll and SPF among finalists for large owner of CA building sites

|About: Toll Brothers Inc. (TOL)|By:, SA News Editor

Toll Brothers (TOL), Standard Pacific (SPF), and Brookfield Homes are reportedly among the finalists for California homebuilder Shapell Homes at a price of about $1.5B.

Shapell owns one of the largest portfolios of residential land for sale in California, with more than 5K home sites in various master-planned communities.