North Shore News September 29 2013

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SUNDAY September

29 2013

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Hanging by a thread SPORT 35

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Local brothers close $55M deal

North Shore real estate agent, brother, brokered massive sale BRENT RICHTER brichter@nsnews.com

There’s luxury. There’s opulence and then there’s this.

A North Shore real estate agent and his brother are celebrating after closing the largest residential real estate sale in Canadian history.

Sasan Fazli, an agent with Re/Max Crest Realty, and Cameron Fazli, owner of North Shore-based Fazli Group, worked with a foreign buyer to broker the sale of the north facing penthouse of the Fairmont Pacific Rim in Coal Harbour — plus three sub-penthouses — for a

whopping $55 million. “On the public record. . . this is the ultimate, most expensive combined sale in Canadian history by a huge margin,” Sasan Fazli said. The previous record was speculated to be about $30 million. Fazli wouldn’t reveal

the identity of the buyer but confirmed he was from a “very, very prominent Middle Eastern family.” The Fazli brothers came into the deal through Cameron Fazli’s property management firm, and then went to work negotiating with the four previous owners and their

listing agents. Fazli credited his younger brother’s relationship-building skills for the deal. “. . . It’s the reason why this fell into our hands,” he said. “Only and solely because of Cameron maintaining See If page 5

CUPE wage hike to cost over $1M ANNE WATSON awatson@nsnews.com

CUPE wage increases for school support staff could see the North Vancouver school district shelling out more than $1 million in the next two years. According to a report presented to the Board of Education, the tentative deal recently negotiated by the union and the province is expected to cost the North Vancouver school district approximately $600,000 for the 2013/14 fiscal year. “We had anticipated that the cost of the two per cent settlement would be around $600,000, so we have to look for two per cent in the 2013/14 fiscal (year), plus an additional two percent for future years,” Georgia Allison, secretary treasurer for the North Vancouver school district, told trustees Monday night. “So we’re looking for at least $1.2 million.” See Savings page 7

THE BEGINNING OF THE LONG DASH Caulfeild elementary students were among those taking part in the annual Terry Fox Run at Rockridge secondary on Sept. 26. Use the Layar app to view video. PHOTO MIKE WAKEFIELD

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