Antelope Valley LANCASTER Simulation Plus Inc. announced changes in its senior management structure following the creation of two new divisions for its software products. The Lancaster drug simulation software company said it has opened divisions in New York and North Carolina, and has appointed presidents over each of them. Ted Grasela will lead the New York division and manage the clinical trial software Cognigen, which Simulations Plus acquired in 2014. Brett Howell will serve as president of the North Carolina division and will manage Dilisym Services, a liver injury simulation software acquired in June. John DiBella was appointed president of the Lancaster division. He will oversee Simulations Plus’ software business. The presidents will report to Chief Executive Walt Woltosz, who has been operating at 60 percent capacity for the last few years, the company said. Conejo Valley CAMARILLO The Ventura County Star buildings in Camarillo sold last month to a New York City real estate investment company that specializes in buying and repurposing former media and newspaper properties. Twenty Lake Holdings bought the properties for an undisclosed amount, according to the company’s real estate brokerage subsidiary, Praxis Commercial in Ardmore, Penn. The sale consisted of the newspaper’s roughly 53,000-square-foot office building at 550 Camarillo Center Drive and the 75,000-square-feet industrial building at 151 Factory Stores Drive. Nathanael Pennington, president of Praxis, said the company has bought and repurposed other media and newspaper properties, including the Press-Enterprise’s former building in Riverside once owned by Freedom Communications Inc., the previous owner of the Orange County Register. He added that the new owner liked the Camarillo demographics and the Camarillo Premium Outlets mall that surrounds the almost 12-acre property, but also wanted a second asset in California. Twenty Lake will probably divide up excess space not needed or used, and may do the same to the former production building, he added. The Ventura County Star is owned by Gannett Co. Inc. in McLean, Va. Salem Media Group Inc.’s investment publication division, Eagle Financial Publications, has acquired Intelligence Report, a financial strategy newsletter. Terms of the deal were not disclosed. Described as “the financial and personal security letter,” Intelligence Report has been in circulation for 25 years under editor Richard Young, who recently announced his retirement. The newsletter will be overseen by Jim Woods, editor of Eagle’s newsletters Successful Investing and Weekly ETF Report. Camarillo-based Salem is the country’s largest radio broadcaster of Christian and conservative content. Its digital division owns a number of Christian and conservative websites, such as Christianity.com and RedState.com, while its print arm has published books by Ann Coulter, Newt Gingrich and other well-known conservative authors. Its Eagle Wellness and Eagle Financial divisions offer newsletters and content from experts on health and investments. San Fernando Valley Providence St. Joseph Health announced that Erik Wexler will lead the combined hospital network of Providence Health & Services in Los Angeles, Orange and San Bernardino counties. Wexler will head the newly created PSJH Southern California Region, which consists of 14 hospitals, 26 urgent care centers and other health services. Previously, Wexler served as chief executive of the Los Angeles region. The company said Wexler will work on a transition plan with Richard Afable, chief executive of the Orange County region, who will retire in December. PSJH currently has three hospitals in the Valley region: Providence Tarzana Medical Center, Providence Holy Cross in Mission Hills and Providence St. Joseph in Burbank. The company also announced that Kevin Manemann, chief executive for the St. Joseph Health physician network for California, will oversee the entire state along with New Mexico and Texas networks. BURBANK Video game developer Blizzard Entertainment Inc. has opened a new venue to host live e-sports gaming competitions in Burbank. The Irvine company, a division of Activision Blizzard, has placed its Blizzard Arena Los Angeles at the Burbank Studios, long-time home to “The Tonight Show.” The venue opens in early October with the Overwatch Contenders Season One Playoffs. Blizzard Chief Executive Mike Morhaime said the gaming industry was at a tipping point for e-sports and the Burbank venue ushers in a new era of competition-based entertainment. The Burbank Studio includes three soundstages, two control rooms, practice facilities and a Blizzard retail store that rotates stock for event attendees based on the competitions taking place at the time. One stage will have seating for up to 450 people, with the other two being used for production purposes. NORTH HOLLYWOOD Auction house Profiles in History will sell Debbie Reynolds Dance Studio and the late movie star’s family ranch on Oct. 7-9. Profiles in History, a Calabasas auctioneer of Hollywood memorabilia, estimates the Debbie Reynolds Dance Studio in North Hollywood will fetch a price of $6 million to $8 million, while the 44-acre ranch in San Luis Obispo County will bring $4 million to $6 million The 18,000-square-foot dance studio features a lounge area, dressing rooms, showers and six dance practice and rehearsal spaces. Celebrities including Lucille Ball, Michael Jackson, Madonna, Bette Midler, Cher, Usher and Mariah Carey have rehearsed their acts at the property. The ranch, located in Creston, has a main residence with a custom home theater, library and gym. The property also includes a guest house, caretaker’s house, art studio and barn as well as a professional film and television production facility. SHERMAN OAKS Valley Economic Alliance, an economic development nonprofit based in Sherman Oaks, has appointed longtime member Randy Witt as chairman. Witt succeeds Richard Katz, who held the post since 2015. The alliance advocated strongly for the passage of Measure M, a 2016 ballot initiative to implement a sales tax in L.A. County to fund transit solutions, and has supported California State University – Northridge’s efforts to improve transportation in the Valley, said Witt. His first priority as chairman will be to “listen,” he said. The alliance acts as an umbrella organization that facilitates communication between heads of business advocacy organizations, company executives and local public officials to solve problems in the region. During an installation ceremony on Aug. 31, the alliance also named its new boards of governors and directors. Emily Gabel-Luddy, vice mayor of the city of Burbank, officiated the program. SYLMAR Los Angeles City Attorney Mike Feuer announced his office has reached a $250,000 settlement with the owner of Motel 6 in Sylmar that will include operational and management changes. Under the agreement, hotel chain owner G6 Hospitality Property is required to implement new security and management practices for three years to mitigate the alleged sales of drugs, gang activity and prostitution that the attorney’s office has found to have occurred on the premises at 12775 Encinitas Ave. Additionally, G6 Hospitality will pay $250,000 toward a new program targeting human trafficking, Feuer’s office said. The Motel 6 chain is owned by N.Y. hedge fund Blackstone Group, according to CoStar Group Inc. One of the company’s funds, the Blackstone Real Estate Partners VII, bought the chain in 2012 as part of a larger portfolio purchase. Deputy City Attorneys Suzanne Spillane and Christian Commelin of the citywide nuisance abatement program managed the negotiations. The original lawsuit alleging criminal activity at the hotel was filed in November 2016. Santa Clarita Valley SANTA CLARITA Representing the continued interest among investors for drugstore-anchored properties, a shopping center in Santa Clarita has sold for $15.5 million, according to Hanley Investment Group Real Estate Advisors. Seco Canyon Village, a 42,134-square-foot shopping center at 22872-22896 Copper Hills Drive and 27911-2795 and 27983 Seco Canyon Road, sold to Eddie Leisner GST Trust June 1, 2000, a family trust in Beverly Hills, according to CoStar Group. The seller was Latitude Management Real Estate Investors Inc., a private investor also in Beverly Hills. The center, built in 2005 on 4.6 acres, was 96 percent occupied at the time of the sale, according to Ed Hanley, president of Hanley Investment. Hanley and Executive Vice President Kevin Fryman represented both parties. Tenants include a drive-through CVS pharmacy, AIM Mail Center, Papa John’s Pizza, Verizon Wireless and Supercuts. – Compiled by Iris Lee