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.
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 ...
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 ...