He faces another foreclosure in South Beach after losing the former Trump International Hotel in DC and another trophy in Miami CGI Merchant Group's Raoul Thomas with (left to right): Gabriel Downtown ...

Raoul Thomas’ troubled CGI Merchant Group sold 65 distressed commercial units in a Coral Gables mixed-use building for $28.5 million, staving off a pending foreclosure, The Real Deal has learned.

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 ...

Raoul Thomas’ CGI Merchant can add the office and retail building at 55 Miracle Mile in Coral Gables to its growing roster of properties facing debt troubles. A $25M CMBS loan tied to the 65K SF ...