Succession: Coastal Construction’s Thomas P Murphy Jr passes reins to his sons
Thomas P. Murphy Jr., the founder and longtime head of the luxury builder powerhouse Coastal Construction, is passing the reins to his sons. Murphy, who founded the Miami-based construction firm in 1988, tapped his sons Sean and Thomas C. Murphy to lead the company as co-CEOs, according to a news release. Thomas P. Murphy will stay on as chairman of the executive board. His third son, the former U.S. Rep. Patrick Murphy, joined the family business as chief investment officer after losing a run for U.S. Senate to Marco Rubio. Sean and Thomas C. Murphy started their careers with Coastal […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Builders don’t have a rate problem, they have a reliability problem
The Love Nest Is Dead—Why Fewer Young Married Homeowners Signal a Major Economic Shift
California’s Billionaire Tax Doesn’t Include Homes—Here’s How Much Wealthy Residents Like Mark Zuckerberg Could Save by Making Key Change
‘Didn’t see that coming’: Real estate brokers react to Real-REMAX deal
Los Angeles Rents Hit 3-Year Low—but Most Residents Still Can’t Afford Them
UWM adds VantageScore alongside FICO for conventional loans
Coinbase exec buys lot on Miami Beach’s La Gorce
ERA Real Estate affiliates form new billion-dollar-plus partnership in California
Housing starts overachieved in March amid warning signs aplenty
Lombardi, Fox Farm jump on spec suite trend with Wynwood office project
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131