Real Estate Market
An accomplished entrepreneur, Lew McGinnis has built businesses in a wide range of industries, including everything from selling eggs to running an automotive dealership. Lew McGinnis currently owns and operates a large real estate investment firm in Nicholls Hill, Oklahoma.
Breaking down the economy from 2016 and its potential in 2017, some analysts anticipate that real estate could serve as the driving force for growth across the board. Here are a few ways the property market may play out this year.
1. Gradually rising prices
In 2016, housing prices increased consistently on a monthly basis. That trend should continue, but at a much slower pace in 2017. This slowing will be due in part to higher interest rates set by the Federal Reserve, which may adjust rates again this year.
2. Increasing housing supply
Along with the prices going up, the supply of homes should increase as a result of improving homebuilder sentiment. Easier access to credit has helped fuel this shift, which comes in contrast to the trend of last year, when inventory was on the decline.
3. Growth of medium-sized cities
With the economy introducing new jobs, building in many of the major cities has failed to keep up with the pace of growth. The response of builders and homebuyers has placed a new focus on smaller properties, and similar activity should pick up even further in 2017.
An experienced real estate investor and entrepreneur, Lew McGinnis is also an active philanthropist who has held numerous leadership positions in the Methodist Church and the wider community. Lew McGinnis is the former director of the Tucson Opera Company, the Pima Air Museum, and the Arizona-Sonora Desert Museum Foundation.
Since its establishment in 1952, the Arizona-Sonora Desert Museum has worked to preserve and protect the unique flora and fauna of the Sonora Desert region. As part of its conservation efforts, the museum strives to prevent the spread of buffelgrass (Pennisetum ciliare), an invasive and highly flammable species that puts the area at a high risk of wildfire.
Additionally, buffelgrass competes with native species for sunlight and nutrients, which leads to potentially dwindling numbers of the iconic saguaro cactus. The Arizona-Sonora Desert Museum joins the Pima Association of Governments and Sky Island Alliance in raising public awareness of the problem of buffelgrass and working toward long-term solutions.
Heritage Hall of Oklahoma City
A real estate investor with over 50 years of experience, Lew McGinnis has invested in a variety of real estate properties in the Midwest and West. Lew McGinnis also has a history of participating in community service and formerly served on the board of directors for Heritage Hall in Oklahoma City, Oklahoma.
A Catholic college preparatory school founded in 1969, Heritage Hall educates some 850 students from kindergarten through high school. In addition to its robust academic curriculum, the school offers students a diverse array of athletic programs, from swimming and baseball to football and volleyball.
Also dedicated to developing students’ cultural knowledge and creativity, Heritage Hall ensures students have the opportunity to participate in visual and performing arts programming, including theater productions, instrumental and vocal music programs, and humanities courses. Sophomore and junior students can even choose to tailor their educations through the school’s Independent Studies Program (ISP), which allows students to engage in self-directed study in a variety of disciplines outside the classroom.
To learn more about Heritage Hall, visit www.heritagehall.com.
Lew McGinnis has more than five decades of experience in the real estate investment sector. Also involved in philanthropic endeavors, Lew McGinnis was one of the founders of Kino Learning Center (Kino School), a Catholic school in Arizona.
Located on 10 acres in Tucson, Arizona, Kino School dates back to 1976, when it was founded as Sacred Heart School. The school serves students from primary school through high school but doesn’t divide students into specific grade levels. For example, primary students are between 4.5 and 7 years old, and middle-level students are aged 8 through 10.
Kino School is committed to individualized educational programming, small class sizes, and a progressive education. Students at the Kino School enjoy the freedom to be involved in creating their educational experiences while learning to be responsible citizens. Dedicated to inclusion, the school welcomes students with all different ability levels and strives to make accommodations for students with academic or physical special needs.
Lew McGinnis is the owner of a real estate investment firm he founded in Nichols Hills, Oklahoma, more than 50 years ago. Outside of his work in real estate investment, Lew McGinnis has been involved in a diverse range of charitable causes, including literacy tutoring, volunteering with underprivileged children, and fundraising for hospitals.
Along with the direct positive impact that volunteer work has on people in need, becoming active in charitable initiatives also provides a collection of personal benefits for those who donate their time and effort. For example, according to a study conducted by the London School of Economics, individuals who participated in charity work were more likely to classify themselves as very happy compared to those who did not volunteer time to charitable causes.
Buoying this stronger sense of personal satisfaction is the fact that people who engage in charitable work often find themselves surrounded by other volunteers who share their values, providing them with the opportunity to interact socially and connect with others. Learning from and contributing to causes alongside like-minded individuals has the potential to lead to more genuine connections, creating a stronger sense of community and overall higher levels of contentedness.
Criminal Justice and Mercy Ministries (CJAMM)
Lew McGinnis has worked in the field of real estate investing for more than 55 years. Alongside his professional activities, Lew McGinnis works to give back to the community through his support of organizations such as Criminal Justice and Mercy Ministries (CJAMM), which is conducted by the Oklahoma Conference of the United Methodist Church.
In its efforts to break the cycle of incarceration, addiction, and criminal behavior, CJAMM oversees a variety of programs for currently and formerly incarcerated individuals and their families. For youth affected by incarceration, CJAMM offers the New Day Camp, which gives children the opportunity to take part in therapeutic and recreational activities with counselors and other youth from similar backgrounds.
During the weeklong camp, participants enjoy arts and crafts activities, water sports, and therapeutic games that help promote teamwork and self-confidence. Campers also have the opportunity to make new friends and share their stories during small-group discussions with their peers.
To attend CJAMM’s New Day Camp, children must be between the ages of 8 and 14 and have at least one parent who is currently incarcerated. Each summer, CJAMM holds one session for children 8-11 and one session for children 12-14.
Master of Real Estate Development
Going only as far as the 8th grade did not prevent Lew McGinnis from eventually leading his own $400 million residential-industrial project, then the largest of its kind in Tucson, Arizona. Lew McGinnis’ real estate development achievements at one point saw him giving lectures to students at the University of Arizona (AU) to help them succeed in the real estate realm.
To develop aspiring real estate investors and developers, AU offers its Master of Real Estate Development (MRED) program through the College of Architecture, Planning and Landscape Architecture. The MRED program is best suited for professionals who desire increased knowledge of the entire building industry as well as for those who want to become real estate developers and leaders.
The program’s focus is on private/public partnerships, sustainable cities, green building, transit-oriented development, and sustainable and responsible development. Students experience real work projects, and one group’s entry was a finalist in the 2016 Bank of America Merrill Lynch Low Income Housing Project. The course can be completed in three semesters and graduates have a 100 percent employment record.
Arizona-Sonora Desert Museum
Real estate investor Lew McGinnis has held leadership positions at a number of nonprofits over the years. For a period, Lew McGinnis served as director of the Arizona-Sonora Desert Museum Foundation. The museum plays an important role in research and preservation of the desert.
Through the Conservation Education & Science Department, the museum spearheads ecological research of the Sonoran Desert that influences conservation policies and makes its research readily available to the public. In addition, the department offers various outreach education programs so that children and adults alike can learn about important issues affecting the desert. These educational efforts reflect the various ways that people learn with hands-on programming, as well as place-based learning and inquiry-based education.
The research undertaken by the museum is essentially interdisciplinary in nature, with experts in biology, earth sciences, botany, and ecology all working together along with specialists in ornithology and ethnobiology. Because about two-thirds of the Sonoran Desert is in Mexico, the museum also partners with researchers, educators, and conservationists across the border to ensure that findings reflect the entire ecosystem and protection efforts can be implemented across the whole desert.
Yoho National Park
A real estate investor in Oklahoma, Lew McGinnis has more than 55 years of industry experience. Outside of work, Lew McGinnis has traveled both domestically and abroad and has even been to British Columbia.
Located on Canada’s west coast, British Columbia is rich with natural beauty. The following are a few places to visit in British Columbia:
– Yoho National Park. Yoho National Park is teeming with natural beauty, including waterfalls, snow-capped mountains, and its famous Lake O’Hara. Visitors should also check out Takakkaw Falls, which drops 1,260 feet and is among North America’s highest falls.
– Whistler Blackcomb. The venue for the downhill ski competition in the 2010 Winter Olympic Games, Whistler Blackcomb is Canada’s main ski area. Visitors to the area should also check out Whistler Village, which features numerous restaurants and shops.
– Butchart Gardens. Located on Vancouver Island at the site of an old quarry, Butchart Gardens features a unique mix of plants, trees, and flowers that change with each season.
Criminal Justice and Mercy Ministries
In addition to his decades-long career in real estate, Lew McGinnis has also been an outspoken advocate in the area of criminal justice reform. Through his work with Criminal Justice and Mercy Ministries, he has helped former inmates in Oklahoma and throughout the country break the cycles of imprisonment and addiction.
One of the hidden costs of incarceration is damage to the family, and Criminal Justice and Mercy Ministries reaches out to the children of incarcerated parents through its New Day Camp. Children with at least one incarcerated parent can attend these camps, which last less than a week during the summer, and spend time with other children in similar situations.
Much of the time at camp is spent in small group activities. During these activities, young people develop friendships and interact with one another. They also study Christian tradition through worship and spiritual activities. Group counseling and medical care are also available. For children who are unprepared for camp, Criminal Justice and Mercy Ministries operates a camp store, where children can receive new clothes or shoes to replace missing, improperly-sized, or worn-out camping gear.