Marvel Group's 3-Building North Van Project To Be Sold Over $47M Debt

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Marvel Group's 3-Building North Van Project To Be Sold Over $47M Debt
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Howard is based in Burnaby and covers real estate, housing policy, and the development industry.

​The foreclosure proceedings were initiated against Marvel Group last year and the property was recently listed for sale by CBRE.One of the larger ongoing development projects on the North Shore is the subject of foreclosure proceedings as a result of a substantial amount of debt and has now been listed for sale, according to filings in the Supreme Court of British Columbia and a sales brochure.

The role Amin plays at Marvel Group is unclear, but Fakhari appears to be the CEO of the company, according to a That day came and passed and the Supreme Court then granted an order for conduct of sale to Atrium on March 14, allowing them to sell the property in order to recover the debt.

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