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2401-2403 South Wentworth Avenue and 3136 South Lowe Avenue
Chicago
Feb 25, 2026

Lake Point Tower penthouse owner Jiazhao Chen faces $25M foreclosure on Chinatown, Bridgeport portfolio

Lenders hit the investor, who bought shuttered Cité restaurant atop Lake Point Tower out of bankruptcy, with two lawsuits alleging defaults on 11 properties
City Council member Gale Brewer and Mayor Zohran Mamdani
New York
Feb 12, 2026

Could a land bank fix the tax lien sale?

The City Council thinks the answer is yes — eventually
TMT Properties' Paul Burrell, CGI Merchant Group's Raoul Thomas and TMT Properties' Susan Burrell with street views of the Nexus-branded co-working buildings at 2101 Vista Parkway near West Palm Beach and 1375 Gateway Boulevard in Boynton Beach
South Florida
Nov 4, 2025

Raoul Thomas’ financially embattled CGI Merchant sells co-working portfolio for $31M

Paul and Susan Burrell’s TMT Properties buys buildings in Palm Beach and Martin counties

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