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Mall Owner Names New COO

Macerich, owners of the Panorama Mall and The Oaks, has named Tony Grossi executive vice president and chief operating officer. Grossi assumes his post on January 8. He was most recently executive vice president, operations for Cadillac Fairview, a Toronto-based commercial real estate company. Grossi replaces David Contis, who left Macerich in October.

School to be Built on Granada Hills Hospital Site

The Los Angeles Unified School District Board of Education has approved a plan to construct a high school on the site of the Granada Hills Community Hospital. Plans call for a 1,215-seat high school costing about $89 million for the site at Balboa Boulevard and San Jose Street. The project could open as soon as 2011. The district, which bought the property in bankruptcy court in 2004, said the new school would help alleviate overcrowding at several areas schools. The plan has been criticized from some in the community who argued a hospital would better serve the area than an educational facility. The 155-bed hospital closed in 2002.

Houston Firm Purchases Camarillo Cemetery

Carriage Services Inc. has agreed to purchase the Conejo Mountain Funeral Home and Memorial Park in Camarillo, the Houston-based company announced. The transaction is expected to close in the first quarter of 2007. Details were not disclosed. Conejo Mountain performs approximately 275 funeral services and 390 cemetery internments annually. A new funeral home, sales and administrative facility is currently under construction and expected to be completed before the end of the year. Acquiring Conejo Mountain is consistent with the company’s growth strategy that focuses on premier businesses in selective geographic markets with positive long-term demographic trends, said Carriage Services Chairman and CEO Melvin Payne, in a statement. “The acquisition will be Carriage’s entr & #233;e into the Southern California market and will position us to develop similar opportunities in the greater Los Angeles market with the goal of building a concentrated group of quality operating assets similar to our portfolio in the San Francisco Bay area,” Payne said. Carriage Services is the fourth largest publicly traded death care company in the U.S and operates funeral homes and cemeteries in 38 states.

IHOP Franchisee Seeks Bonafides for Service

IHOP Corp. got a little egg in its face when an employee at one of its franchise operators in Quincy, Mass., insisted that a customer provide a photo I.D. in order to be seated. The employee apparently felt that the requirement would cut down on folks leaving without paying their checks. The customer, it turns out, was a security guard, who later told a Boston TV station he didn’t want to risk identity theft for a plate of pancakes, according to an Associated Press report. IHOP released a statement to the TV station saying the company had no knowledge of the policy, nor did it approve, and apologizing to the patron.

Wednesday in the Valley

The Sylmar Chamber of Commerce holds its chamber evening mixer. 5:30 p.m. Barry Sylvan Company 13752 Foothill Blvd., Ste 2, Sylmar (818) 367-1177 sylmarchamber.com

Semtech Delisting Delayed

A Nasdaq panel this week decided to put off making a decision on delisting the semiconductor maker Semtech Corp. in order to give the company additional time to restate financial results from earlier this year. The Camarillo-based supplier faces delisting for failing to comply with required deadlines to file quarterly reports. Semtech plans to restate financial statements from the first and second quarter to record additional non-cash compensation expense related to stock option grants. The company was notified Monday that a Nasdaq Listing Qualifications Panel stayed any determinations to suspend Semtech securities from trading until the review process is complete. Semtech will release on Nov. 30 revenue and other selected financial results for the third quarter ending October 29.

Adventist Tops Healthcare List

Adventist Health/Home Care Services, part of Glendale Adventist Medical Center, was named to the 2006 HomeCare Elite list, a ranking of the top 25 percent in home care services. The ranking was determined by quality of care, improvement and financial performance of the facilities. The list was compiled by Outcome Concept Systems Inc., a Seattle company that provides data products and benchmark services for home health, hospice and private duty agencies. Eight other Adventist facilities also made the list.

Lancaster Software Maker Releases New Product

Simulations Plus Inc., a Lancaster pharmaceutical modeling software developer, has released a new version modeling product for drug makers. ClassPharmer 4.2 features new technical features, easier navigation and integration of other industry software.

Countrywide Launches Auto Insurance

Countrywide Financial Corp. has launched its auto insurance in four states. Calabasas-based Countrywide is offering auto insurance in Nevada, Illinois, Indiana, and Colorado. Countrywide said that it plans to offer auto insurance in 25 new state markets by the end of next year.

Tuesday in the Valley

The Sherman Oaks Chamber of Commerce holds its membership committee meeting. 11:45 a.m. Sisley Italian Kitchen 15300 Ventura Blvd., Sherman Oaks (818) 906-1951 shermanoakschamber.org