Real Estate Investing With 3 Easy Investments

Written by Brian Reifeiss on .

Becoming a real estate investor is much more feasible than most people think. There’s no question that real estate investing comes with risk, like any investment. But with risk can come reward, and real estate has that in spades. Here are three great ways the average investor can start a real estate portfolio.

Area Businesses Donating to Tony Gwynn Memorial

Written by Brian Reifeiss on .

Eleven local and regional businesses are being recognized by the City of Poway as “Memorial VIPs” for donating materials and labor to create the Tony Gwynn Memorial at Lake Poway, which will be dedicated on Tuesday, May 9. The memorial will include an 11-foot-tall bronze statue of Gwynn by Texas artist Seth Vandabil, a donor wall and seating. The following companies pitched in with donations of time, manpower, equipment and materials for the construction of the plaza and wall:

Economic Outlook Better Than Predicted

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In a welcome reversal, February gains in five of six local and national measures have prompted creators of a San Diego County economic index to throw out their earlier prediction employment will grow slower this year than it did in 2016. There were significant caveats – all bets are off in the event of a trade war or any other international conflict – but the 0.4 percent gain reported March 30 by the University of San Diego Burnham-Moores Center for Real Estate’s Index of Leading Economic Indicators for San Diego County signals an unexpected turnaround from just four months ago.

Sales Dip for Condos and Townhomes in February

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home grid 02Sales of condominiums and townhomes in San Diego County dipped in February, and were down sharply year over year, as a supply shortage continued to put a damper on the area’s housing market. The Greater San Diego Association of Realtors reported the number of attached homes sold last month slid 1 percent to 687, while closings of single-family, detached units increased by a slightly greater share, to 1,428.

Manchester’s Mission Valley Plan

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Developer Douglas Manchester’s vision for the Mission Valley site of Qualcomm Stadium calls for renovating rather than replacing the 50-year-old venue, and potentially adding a new arena to host an NBA team. Funding, renderings and other details of the privately financed proposal have not been released by the longtime San Diego developer’s company, Manchester Financial Group. Such a plan would compete with a detailed mixed-use proposal previously put forward by FS Investors, centered around a brand-new stadium to host a Major League Soccer team and potentially San Diego State University football games.