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 ...
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

Map: A look at CGI Merchant’s unraveling real estate investments amid mounting debt woes

Leaflet map created by Adam Farence | Data by © OpenStreetMap, under ODbl. Not pictured: Waldorf Astoria Washington DC, On Aug. 5, BDT & MSD Partners took title of ...