South Florida
Feb 3, 2026
CGI Merchant loses 550 Biltmore as its portfolio cracks
Raoul Thomas’ firm has been bleeding assets over allegedly unpaid loans
Cerberus Capital Management
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Los Angeles
Apr 1, 2026
Cerberus’ Wedbush Center faces foreclosure after $100M-plus default
Trouble comes after namesake tenant loss, value haircut and loan landing in special servicing
Los Angeles
Aug 13, 2025
DTLA’S Wedbush Center loses 70% of value in less than decade
Recent appraisal of Wilshire Boulevard tower worth less than half its debt