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 To Hand Miami Beach Hotel To Lender Seeking $69M Foreclosure

Rather than fight off another foreclosure lawsuit against a property it owns, Raoul Thomas' CGI Merchant Group plans to relinquish an art deco South Beach hotel to its lender. The owner of a $69M ...
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 ...