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Savvis Inc

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December 27, 2006 | From Bloomberg News
Level 3 Communications Inc., an unprofitable phone and data-network operator, agreed Tuesday to buy an Internet services business of Savvis Inc. for $135 million. The Savvis unit, which is based in Thousand Oaks, brought in sales of about $15 million in the nine months ended Sept. 30, Broomfield, Colo.-based Level 3 said. The purchase is Level 3's seventh in the last year. The company is increasing the services offered over its fiber optic network.
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January 23, 2012 | By Roger Vincent, Los Angeles Times
A Pennsylvania developer has spent $85 million on a Beverly Hills apartment complex it plans to turn into a luxurious extended-stay hotel. Korman Communities bought the Crescent Beverly Hills apartments from C-III Capital Asset Management. The upscale apartments at 155 N. Crescent Drive were completed in 2006. When the property reopens this summer, it will be called AKA Beverly Hills. Rent for the AKA's 88 suites will start at about $400 a night and guests must agree to stay a minimum of 30 days, Korman said.
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