The Dealmaker: 11/22/2016

Gaming compact amendment could settle Glendale casino dispute.Arizona Capitol Times: “Kirk Adams, Ducey’s chief of staff, said the proposal gives the Tohono O’odham everything they want regarding the Glendale facility [‘things like card games and slot machines’], and suggested that it could end the tribe’s ongoing litigation against the state.” So why haven’t the Tohono O’odham “jumped on board”? —> http://bit.ly/2gyr627

Pollack: A favorable picture. In this Thanksgiving edition of The Monday Morning Quarterback, “news shows that there is a lot to be thankful for.” U.S.: Unemployment Claims, Retail Sales, Manufacturing & Trade Sales, Total Inventories, Industrial Production, Consumer Prices, Residential Construction. AZ: Unemployment Rate, Employment Growth – Greater Phoenix/Tucson, Housing Permits – Greater Phoenix/Tucson. http://bit.ly/2gekiG6

Post-recession high set for custom home building. “NAHB’s analysis… indicates… a post-recession high for construction starts during the third quarter of 2016. There were 49,000 total custom starts for the quarter, compared to 47,000 for the third quarter of 2015.” For total custom starts from the last four quarters, plus custom home building market-share along with expected trends, click to Eye on Housing. http://bit.ly/2fC6ge1

Congress hears appeals to fix dysfunctional appraisal system; Adam Martinez, Chairman of Rose Law Group real estate litigation department provides insight. Mortgage News Daily’s Jann Swanson serves up highlights from [a] hearing on “Modernizing Appraisals” where “[s]ix panelists presented more than a hundred pages of prepared testimony” on the system’s “structural flaws,” along with “recommendations” to fix it.  Adam Martinez: “The question… is whether appraisers should continue to be under the heavy federal regulatory scheme and state regulation, or whether the time has come to reduce federal oversight.” (NOTE: Just one look at this article’s “Appraisal Oversight” diagram — which “represent[s] the current regulatory structure” and looks like it could’ve come from the mind of Rube Goldberg — is more than enough to illustrate how dysfunctional the system actually is. Crazy. Click through to check it out, plus read more of what Adam has to say on the matter.) http://bit.ly/2fZLwh0

A SCHNURE THING – Commercial real-estate cycle holding steady, economist says. “Rising interest rates are a concern, but few other signs are flashing warnings, said Calvin Schnure, senior economist for the National Association of Real Estate Investment Trusts during a talk in Phoenix last week.” More from Schnure at AZCentral. http://bit.ly/2fC8wC2

[IN-DEPTH] What does Donald Trump’s infrastructure plan mean for real estate? “[T]he plan will cost $1 trillion and involves building out transportation, water, telecommunications and energy infrastructure across the country.” Inman’s Amber Taufen tackles the plan’s “potential implications for the real estate industry,” and looks at whether it’s likely to “get bipartisan support,” and if it does, whether it will even work. http://bit.ly/2fm4Q6l

Cameron’s $5M + deals of the day – http://bit.ly/2fm6ox6