New York firm buys Village Square center

A New York-based registered investment advisory firm recently purchased a shopping mall on the west side.

DRA Advisors LLC took ownership over the 250,000-square-foot Village Square at 9400 West Sahara Ave. on the northwest corner of Fort Apache Road and Sahara Avenue, in early November. DRA will keep Sentinel as the property management company.

“We are pleased to continue the momentum we’ve been building at Village Square by welcoming new businesses to the center that have a strong synergy with our existing shops, restaurants and office tenants,” said Lisa Miller, senior vice president of property services at Sentinel.

The center has undergone recent renovations, including realigning the parking lot and bringing in contemporary facades, along with updated paint and lighting. The center also has new signage, including digital signs, along with outdoor seating throughout the center.

“Customers, businesses and the community will continue to see great energy at Village Square with special events, such as Third Thursdays, holiday decorations and many other programs the community has come to enjoy from this thriving shopping center,” Miller said.

DRA specializes in real estate investment management services. Its clients include private and institutional investors such as pension funds, university endowments, foundations and car insurance companies. The organization was founded in 1986 and had more than $6 billion in property under active management as of June 30.

Cannabis facility opens

Evergreen Organix Cultivation, a 100 percent hydroponic cannabis grower, has opened its 33,000-square-foot facility in Clark County and is expecting to have products on retailer’s shelves by late December.

“Evergreen Organix has built Nevada’s first state-of-the-art zero-air-exchange facility in order to bring the cleanest medicinal cannabis products to market,” said Jillian Nelson, operations manager of Evergreen Organix. “A zero-air-exchange facility will allow us to control the environment by dialing in the most optimal grow conditions and eliminate the need for toxic pesticides and, in turn, operate like a laboratory with a clean room-controlled environment.”

Evergreen also is bringing a 3,400-square-foot production kitchen to Clark County to make cannabis-infused products. Along with a line of edible products that are sugar-free, non-GMO, gluten-free and vegan, Evergreen will offer drink and vape products, oral capsules and transdermal products.

Commercial Alliance names officers

The Commercial Alliance Las Vegas, a commercial real estate organization that aids the industry in Southern Nevada through education, networking opportunities, promoting professionalism and helping shape public policy, announced new officers and directors for 2016.

The Alliance will be led by Soozi Walker, who becomes president Jan. 1. Walker has a long history in Southern Nevada, working in real estate since 1979 and commercial real estate since 1986. Walker also is president and broker at Commercial Executives Real Estate Services in Las Vegas, a firm that handles sales and leasing of commercial real estate in the Valley.

Walker takes over for the immediate past president, Bobbi Miracle, also of Commercial Executives Real Estate Services.

Jennifer Ott of ROI Commercial Real Estate will be president-elect of the group that works as the commercial real estate division of the Greater Las Vegas Association of Realtors.

Also taking office Jan. 1 are treasurer Paul Bell of Berkshire Hathaway HomeServices Nevada Properties and directors Robin Civish of ROI Commercial Real Estate, Cathy Jones of Sun Commercial Real Estate, Tom Lisiewski of Your Real Estate Co., Commercial Marketing Group and Tedd Rosenstein or Nevada Development and Realty Company.

Rheinberger in national role

Linda Rheinberger, who has worked in Las Vegas since 1986 and is a realtor at Berkshire Hathaway HomeServices-Nevada Properties, was installed as the My Realtor Party Community Engagement Liaison for the National Association of Realtors on Nov. 12.

Rheinberger is charged with helping realtors work with community and government leaders across the country. She will be the liaison for several NAR committees: diversity; executive; housing opportunity; multicultural real estate leadership advisory group; smart growth advisory board; and state and local issues policy.

This isn’t Rheinberger’s first position at the NAR. She also was elected in 2014 as NAR Regional Vice President for its Rocky Mountain Region, serving on the 2015 board of directors. The region included Nevada, Arizona, Colorado, New Mexico, Utah and Wyoming. She also served as president of the Nevada Association of Realtors, was president of the Greater Las Vegas Association of Realtors in 2006 and is a member of the GLVAR Hall of Fame and NAR Hall of Fame, along with being NVAR’s 2010 Realtor of the Year.

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