Raoul Thomas’ CGI Merchant sells distressed Coral Gables commercial condos for $29M, staving off foreclosure

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.  Miami Beach-based Elysee Investments, led by CEO Haim Yehezkel, bought the units, consisting of retail and office spaces on the first three floors of Ten […]This article originally appeared on The Real Deal. Click here to read the full story.