December 13, 2012 |
Los Angeles developer Rick Caruso is buying a parcel of 10 retail properties in the tony town center of Pacific Palisades, according to people who know about the deal. The acquisition will give Caruso the opportunity to restyle a significant portion of the affluent neighborhood's commercial district in his vision. Caruso, owner of the upscale Grove shopping center in Los Angeles, is in escrow on a 2.8-acre collection of commercial buildings on both sides of East Swarthmore Avenue and Sunset Boulevard known as Pacific Palisades Village.
CALIFORNIA | LOCAL
December 9, 2012 |
The schedule of Sunday Masses for Catholic students at USC accommodates their studying, partying and sleeping habits. Services are offered at 10:30 a.m., 7 p.m. and at 10 p.m., a popular option that is lightheartedly nicknamed the "Last Chance Mass. " Upward of 400 USC students previously attended at least one Mass a week at a now-demolished chapel just north of the university's main campus. The showing was respectable but still a small fraction of the estimated 10,000 Roman Catholic students - about a quarter of the overall enrollment - at the nonsectarian university.
November 12, 2012 |
With apartments holding strong as the hottest class in commercial real estate, developer Rick Caruso is testing the limits of the luxury category in Los Angeles with his residential complex that just opened on Burton Way. The developer, best known for his plush outdoor shopping centers such as the Grove, spent $65 million building an 87-unit complex where the cheapest apartment is $4,500 a month and many cost more than $10,000. "Those are New York rents," Caruso acknowledged. At about $8 a square foot, they are quadruple the Los Angeles average.
November 11, 2012 |
With apartments holding strong as the hottest class in commercial real estate, developer Rick Caruso is testing the limits of the luxury category in Los Angeles with his residential complex that just opened on Burton Way. The developer, best known for his plush outdoor shopping centers such as the Grove, spent $65 million building an 87-unit complex where the cheapest apartment is $4,500 a month and many cost more than $10,000. “Those are New York rents,” Caruso acknowledged.
October 22, 2012 |
With the first round of the Los Angeles mayoral election still more than four months away, the race has taken shape in recent weeks, largely because of two developments that have scrambled the handicapping of the contest. First, it became clear that the front-runners would all be current city office-holders. For months, it had seemed likely that at least one of three strong outside candidates would be in the race, but now they have all decided not to run. Austin Beutner, a wealthy businessman whose only city service was a brief stint as special deputy to Mayor Antonio Villaraigosa, started to build a campaign and make appearances, then reconsidered and dropped out in May. Next, in August, county Supervisor Zev Yaroslavsky, one of the area's best-known public officials, opted out after toying with the idea of running for months.
October 12, 2012 |
Darn, there goes the City Hall neighborhood: Rick Caruso isn't going to run for mayor. Now, for you folks who aren't from these parts and/or haven't had the distinct pleasure of visiting our fair little burg, Caruso is the developer behind the Grove and the Americana at Brand. The Times story Thursday called them “shopping centers.” But that's like calling a Starbucks a coffee shop. When you have little twinkly lights on every palm tree, and a trolley that snakes through the place, and real fake streets, and more high-end shops and shoppers than you can shake a Rolex at -- well, these ain't no regular shopping centers, baby.