Businessman helps shape Valley’s growth - East Valley Tribune: Business

Businessman helps shape Valley’s growth

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Posted: Sunday, October 16, 2005 7:00 am | Updated: 7:27 am, Fri Oct 7, 2011.

When Tom Fannin began selling real estate in the Valley the population of Phoenix was about 200,000 and the city measured about 17 square miles.

Today, there are more than 1.5 million people and the geographic area is more than 500 miles.

The surrounding communities, especially the East Valley, has also mushroomed during Fannin’s successful business career.

"Everything just keeps growing. After all these years I still can hardly believe it," said Fannin, who is unable to even come close to the estimated number of sales and property transfers he has handled during more than four decades.

Fannin has steadily tracked the Valley’s growth and, in doing so, has become one of the leading real estate business leaders in Arizona.

He is semi-retired, but he continues to work part-time as an adviser to the staff of Coldwell Banker Success Realty at 10446 N. 74th Street, Scottsdale.

What real estate trends has he observed over the years?

"I watched the independent brokers gradually disappear and the real estate business taken over by the large franchises," he said. "Then, of course, I’ve watched the growing increase in real estate values, especially residential properties."

The value of properties in the Valley is among the fastest growing in the country, Fannin said.

Fannin’s late father, Paul Fannin, served three terms as governor of Arizona. He died at age 94 in 2002. His brother, Bob Fannin, 70, is the former chairman of the Arizona Republican Party.

"I helped with my dad’s political campaigns, but I never got directly involved in politics like him or my brother," said Fannin, whose lifelong focus, he admits, has been on making profits buying and selling properties.

And, as a semi-retiree, playing an occasional round of golf.

Community involvement & honors

• Life member of The Salvation Army Advisory Board

• Chairman, Maricopa County Heart Association Board of Directors

• Director, Central Arizona Water Conservation District

• Eagle Scout and Scout Master

• Member of Dean’s Advisory Committee for the College of Business at Arizona State University

• Distinguished Alumnus of Maricopa Community College, 1988

• "Man of the Year" by Phoenix Advertising Club, 1987

• The Salvation Army "Sally" Award, 1982

• "Realtor of the Year" by the Arizona Association of Realtors, 1975

• "Citizen of the Year" by the Phoenix Board of Realtors, 1973

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