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

Raoul Thomas’ financially embattled CGI Merchant Group sold its five-property Nexus co-working portfolio for $31 million.
Bisnow

CGI Merchant Hit With Foreclosure Suit Amid Efforts To Sell 55 Miracle Mile

Raoul Thomas is trying to fend off another lender attempting to seize a prized piece of his struggling portfolio. A special servicer has filed a foreclosure lawsuit against affiliates of CGI Merchant ...
The Real Deal

Raoul Thomas’ CGI racks up another foreclosure, could lose Miami Beach hotel

For the second time in two years, Raoul Thomas’ CGI Merchant Group could lose a South Florida hotel to foreclosure. The legal action is the latest blow to Thomas’ real estate empire, which has been ...