Patrick Murphy Profited From His Father’s Company Building Trump Towers Across Florida

Patrick Murphy was gifted millions of dollars worth of stock in his father’s company, Coastal Construction.

Murphy has stock valued between $1,000,001 and $5,000,000 and income valued between $100,001 and $1,000,000 in The Coastal Construction Group of South Florida, Inc. (Patrick Erin Murphy, 2015 U.S. House Of Representatives Financial Disclosure Report, Filed 5/16/16)

  • In December 2012, Murphy’s father gave him stock in the family business that at least tripled his net worth. “The month before he took office, U.S. Rep. Patrick Murphy boosted his personal wealth with $1 million to $5 million in family company stock from his construction executive father, according to federal financial disclosures. Murphy, D-Jupiter, said that in December he received the shares of his family’s privately owned company in Miami, Coastal Construction Group. The gift at least tripled Murphy’s 2011 net worth as a Congressional District 18 candidate, when he listed no shares in the family business.” (Jonathan Mitisse, “Gift Triples U.S Rep. Patrick Murphy’s Personal Wealth,” TC Palm, 12/30/13)

Coastal Construction built two Trump resorts in South Florida.

Coastal Construction built the Trump Royale in Sunny Isles and the Trump Hollywood in Hollywood. “Ten minutes after the Murphy release, Grayson’s campaign assailed ‘The Trump-Murphy Partnership’ and pointed to the Trump Royale in Sunny Isles and the Trump Hollywood in Hollywood, both condo towers that were built by Coastal Construction. Coastal CEO Thomas Murphy is Patrick Murphy’s father and Patrick Murphy was a vice president with the company before he was elected to Congress in 2012.” (George Bennett, “Donald Trump Accusations Fly Between Democrats Patrick Murphy And Alan Grayson,” Palm Beach Post, 5/6/16)

  • Coastal Construction’s website touts that the company built the Trump Royale. “Trump Royale is a 55-story condominium with 386 residences ranging from 1,100 to 3,461 SF. State-of-the-art kitchens feature European-designed aluminum and glass kitchen cabinets.  Amenities include an 8,000 SF spa and fitness center, multi-purpose rooms and beach cabanas.  Private elevators lead to residence entrance galleries with handcrafted coffered ceilings and solid wood double doors. The project was the largest concrete mat pour in the Southeastern United States.” (Coastal Construction Group, Trump Royale, Accessed 8/9/16)
  • Trump Royale cost $180 million to build, and Coastal Construction was the “lead contractor in Miami.” “Trump buildings are known for their spectacular views, prime locations and luxurious amenities, and the $180 million Trump Royale on Sunny Isles Beach, Florida will be no exception. … Once the monolithic concrete placement approach was chosen as the most cost-effective and logical choice for the foundation, four Florida-based companies joined forces to accomplish the major feat. They were Coastal Construction Group, the general contractor in Miami; C&C Concrete Pumping, the pumping contractor near Miami; Rinker Materials, the concrete supplier headquartered in West Palm Beach; and Mello Concrete Services, the finishing company in Miami.” (Putzmeister, 2/1/06)
  • Coastal Construction’s website touts that the company built the Trump Hollywood. “Trump Hollywood is a 42-story condominium project inclusive of 208 units, 36 cabanas and a four-story parking garage. The project is located on the ocean in Hollywood, Florida. The project’s amenities include a two-story lobby, an oceanfront pool deck with spa and cabanas, tennis courts, a fitness center, valet parking, concierge service, and a business center.” (Coastal Construction Group, “Trump Hollywood,” Accessed 8/9/16)
  • Trump Hollywood awarded Coastal Construction a $150 million contract. “A day after announcing a lender, the Trump Hollywood luxury oceanfront condominium has awarded its $150 million construction contract. Coastal Construction Group will build the 44-story glass tower and two-story garage, said Tom Murphy Jr., chairman and chief executive officer of the Miami-based company. The 200-unit luxury condominium, at 2711 S. Ocean Blvd., on Hollywood’s beach, is a joint venture between Related Group of Florida founder Jorge Perez and mogul Donald Trump.” (South Florida Business Journal, 6/13/07)

Murphy’s own campaign viewed Coastal Construction’s business with Trump properties as a liability.

Murphy’s campaign saw the fact that Coastal Construction did work for Donald Trump as a liability.“When Congressman Patrick Murphy, a Florida Democrat, was up for re-election in 2014, his staff commissioned an opposition report on their boss — a fairly typical move in modern politics. One finding of that book: Murphy’s family business has done work for Donald Trump, something that the firm writing the report cast at times as an asset and at times as a liability.” (Buzzfeed, 10/14/16)

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