Raoul Thomas is having a rough year. After losing two of his marquee hotels to lenders and facing an auction of a Miami Beach hotel, Thomas now could also forfeit a Coral Gables office building due to financial woes. Lender Cerberus Capital Management filed a Uniform Commercial Code foreclosure against Thomas’ Coconut Grove-based CGI Merchant […]
The post CGI Merchant hit with $49M UCC foreclosure on Coral Gables office building, its fourth distressed asset appeared first on The Real Deal.
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