The Real Deal

Raoul Thomas’ financially embattled CGI Merchant sells co-working portfolio for $31M

Raoul Thomas’ financially floundering CGI Merchant Group sold its Nexus co-working portfolio for $31 million. Over the past two years, Miami-based CGI Merchant has faced debt woes on its properties ...
The Real Deal

CGI Merchant hit with $49M UCC foreclosure on Coral Gables office building, its fourth distressed asset

After losing two of his marquee hotels to lenders and facing an auction of a Miami Beach hotel, Thomas now could also forfeit a Coral Gables office building due to financial woes. Lender Cerberus ...