Emmy's Caretaker Buys Home

The Academy of Television Arts & Sciences has bought the two-story North Hollywood office building it has been been renting for 13 years. It plans to give it a major facelift.

Renovations will be conducted in two phases from February 2005 to 2010.

The academy and its former landlord, AG/Touchstone Daly LLC., didn't disclose terms of the deal.