CGI Merchant loses 550 Biltmore as its portfolio cracks
CGI Merchant Group is catching zero breaks, as its South Florida portfolio unravels under the crushing weight of debt woes. In the latest trouble, the firm lost the 15-story 550 Biltmore office building, at 550 Biltmore Way, in Coral Gables. Miami-Dade Circuit Judge Abby Cynamon issued a judgment
Steve Ross, Ken Griffin pledge $10M in push for South Florida office relocations
Billionaires Steve Ross and Ken Griffin moved their businesses to South Florida in recent years, and now they are spreading the gospel of its economic advantages. The powerhouses put $10 million behind “Ambition Accelerated,” an effort to attract out-of-state executives, investors and founders to So
Aviation mogul sells oceanfront Palm Beach County manse for $32M
Aviation mogul Robert G. Fessler sold his oceanfront Manalapan estate for $31.5 million, The Real Deal has learned. Fessler sold the mansion at 880 South Ocean Boulevard, according to listing agents Antonio and Pascal Liguori with Premier Estate Properties. The Liguoris also represented the buyer i
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