Mesquite will help fund redo of aging retail center
Northridge Shopping Center was built in 1960.
An architect s rendering of the plans for redoing the Northridge Shopping Center.(CenterPoint Commercial Properties )
The city of Mesquite is ponying up incentives to help redo an aging shopping center.
The Northridge Shopping Center at 1805 N. Galloway Ave. was built in 1960.
Since last year, the retail center has been owned by Dallas-based CenterPoint Commercial Properties.
The owners plan to start a redo of the shopping center with help from the city. CenterPoint Commercial will invest $650,000 in improvements, including exterior building enhancements, new signs, roof repairs and storefront renovations.
Erik Murray is taking efforts to diversify the commercial real estate industry into his own hands.
Murray is CEO and managing partner of Oakland-based Oak Investment Funds, an investment firm growing its record of giving minority developers and opportunities a look when major players don’t.
As a Black man in a business where the vast majority of decision-makers are White, Murray, 38, has focused on giving Black entrepreneurs a chance in an effort to inspire future leaders of color in the big-money business. Courtesy of Erik Murray Oak Investment Funds co-founder and Managing Partner Erik Murray
“You have to take a chance, go outside your comfort zone, and give an opportunity to a person who may not be formally trained in real estate, who may not have grown up wanting to be a real estate developer,” Murray said. “Because that’s not even an opportunity that’s presented to young Black kids.”