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Rick Caruso

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BUSINESS
December 13, 2012 | By Roger Vincent
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.
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CALIFORNIA | LOCAL
March 10, 2014 | By Martha Groves
Just hours before hoisting his Oscar for best picture for "Argo" in February 2013, actor-director Ben Affleck cheered on his daughter Violet as she won the Pacific Palisades spelling bee. Geena Davis lunches at Matthew's Garden Cafe, and Dustin Hoffman shops at the local Gelson's on Sunset Boulevard. The Palisades is that kind of place - where celebrities mingle with regular people, and everybody is well shod. It's peculiar, then, that Pacific Palisades' shopping village has the beaten-down aura of a Midwestern Main Street where the mom-and-pop shops have been driven out by Wal-Mart, only there's no Wal-Mart.
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CALIFORNIA | LOCAL
March 10, 2014 | By Martha Groves
Just hours before hoisting his Oscar for best picture for "Argo" in February 2013, actor-director Ben Affleck cheered on his daughter Violet as she won the Pacific Palisades spelling bee. Geena Davis lunches at Matthew's Garden Cafe, and Dustin Hoffman shops at the local Gelson's on Sunset Boulevard. The Palisades is that kind of place - where celebrities mingle with regular people, and everybody is well shod. It's peculiar, then, that Pacific Palisades' shopping village has the beaten-down aura of a Midwestern Main Street where the mom-and-pop shops have been driven out by Wal-Mart, only there's no Wal-Mart.
CALIFORNIA | LOCAL
March 1, 2014 | By James Rainey
The debate on whether Los Angeles hotel workers should be paid at least $15.37 an hour opened last week with some less-than-expected allies for a "living wage" and some questions from City Council members about whether the proposal goes too far, or not far enough. Two of the city's business titans, billionaire philanthropist Eli Broad and mall developer Rick Caruso, broke from the standard business-versus-labor divide when they said in interviews they support a higher minimum wage.
CALIFORNIA | LOCAL
August 26, 2013 | By Emily Foxhall
A pair of mega-yachts, including billionaire developer Rick Caruso's new 216-foot vessel, will glide into Newport Harbor next month, and not everyone is thrilled with the pending visit . Caruso's yacht, the Invictus, is expected to be anchored off Lido Isle for 16 days during a two-month stretch, in part for a gala christening party. The owner of a second boat, the nearly 130-foot Marama, wants to anchor in the harbor for five days to host a private wedding. The boat's owner wasn't identified.
SPORTS
February 23, 2012 | By Bill Shaikin
This is the text of a letter from Rick Caruso and Joe Torre to Major League Baseball, explaining why they have withdrawn from the Dodgers bidding process: "As you are aware, we have been preparing a bid for the Los Angeles Dodgers Baseball Club and related assets. Our team has worked very hard over the past few months to develop what we are confident would be a compelling and competitive offer. As you know, the parking lots surrounding Dodger Stadium are not in bankruptcy and were not officially part of the bid process.
CALIFORNIA | LOCAL
September 3, 2013 | By Emily Foxhall
Billionaire developer Rick Caruso will be allowed to moor his 216-foot mega-yacht in Newport Beach after obtaining a special permit from the city. In mid-August, to the chagrin of several citizens, the Newport Beach Harbor Commission voted to allow two large yachts - including Caruso's - to moor for a set period of time near the west end of Lido Isle. Neighbors voiced concerns over potential noise and safety problems, in addition to citing a lack of transparency in the decision-making process, but no City Council members called for the decision to be reconsidered.
OPINION
June 15, 2011 | Tim Rutten
Some years ago, I attended the funeral of a friend's mother at a Los Angeles cemetery so singular that it once was the target of a famous literary satire. Since the family was indifferent to religion, they availed themselves of the facility's nondenominational chapel, where a vague sort of nondenominational service was conducted by a nondenominational clergyman provided by the cemetery. All I recall from his homily that day is that he repeatedly referred to God as "the developer of the universe.
CALIFORNIA | LOCAL
May 13, 2011 | By Maeve Reston, Los Angeles Times
Los Angeles shopping mall developer Rick Caruso questioned the intellectual firepower of City Council leaders Thursday in a blistering speech that could be his prelude to a run for mayor. He called the city's 13.4% unemployment rate "embarrassing" and argued that firms have fled town because of onerous regulations and taxes. The one-time head of the Los Angeles Police Commission has long been known for his brio and bluntness, and he has been one of the most vociferous critics of Los Angeles Mayor Antonio Villaraigosa, who he considered challenging for reelection in 2009 and who will be forced out by term limits in 2013.
OPINION
January 16, 2010
Different views of Caruso Re "Work in progress," Opinion, Jan. 9 I just finished reading Patt Morrison's terrific interview with Rick J. Caruso. I wish it had also pointed out how the Grove has breathed new life into the Farmers Market. I love my city, and whenever I visit the Grove, I'm always impressed with how the energy spills over into the Farmers Market and has rejuvenated our historical treasure. I credit Caruso for that vision. And Mr. Caruso, don't change the music.
BUSINESS
January 13, 2014 | By Tiffany Hsu
Indoor malls may have a limited lifespan, according to Rick Caruso, owner of Southland centers including the Grove in the Fairfax district and the Americana at Brand in Glendale. In a Sunday keynote speech to some 4,000 people at the National Retail Federation's convention, Caruso said the industry is “on the verge of the rebirth of brick and mortar retail.” “I've come to the conclusion that within 10 to 15 years, the typical U.S. mall, unless completely reinvented, will be seen as a historical anachronism, a 60-year or so aberration that no longer meets the public's, the consumer's or the retailer's needs,” Caruso said at the New York City event.
BUSINESS
December 20, 2013 | By Tiffany Hsu
Bets on the top-performing retailer this holiday don't favor the storied haute couture companies - not Chanel with its $4,500 handbags, nor Neiman Marcus and its $150,000 bespoke falconry set. Instead, it's Michael Kors Holdings - an American sportswear brand from a sassy former "Project Runway" judge - that's roundly predicted to crush Christmas. The company is what's known as a bridge brand, operating on the low end of luxury. Its handbags generally cost less than $500. But the sector's mix of just-high-enough prices and accessible-yet-glamorous design makes brands such as Kors, Kate Spade and Tory Burch like catnip for consumers who are sick of curbing their spending but still wary of an uncertain economy.
CALIFORNIA | LOCAL
September 3, 2013 | By Kim Christensen and Angel Jennings
The identity of a teenage boy who was fatally shot in the Mid-Wilshire area Sunday was released Tuesday. Charles Adam Hill, 17, of Los Angeles was gunned down at about 11:30 a.m. Sunday in the 1400 block of South Redondo Boulevard, according to authorities.  Hill and another unidentified male were standing on the sidewalk talking when a white or silver four-door car with four men inside pulled up, said Lt. John Radtke, of the Los Angeles...
CALIFORNIA | LOCAL
September 3, 2013 | By Adolfo Flores
A man has been hospitalized following an officer-involved shooting Tuesday morning in a residential neighborhood in Irvine, police said. The man's condition was not known. The shooting in the 1100 block of Crested Bird occurred at about 10:40 a.m., said Sgt. Scott McClellan with the Irvine Police Department. No officers were injured in the shooting, McClellan said. There was no additional information on the man who was shot or what prompted the incident. ALSO: Rick Caruso gets permit to moor mega-yacht in Newport Beach Infant who drowned in a bathtub is identified; autopsy pending Rim fire: Pot-growing operation near Yosemite may have sparked blaze adolfo.flores@latimes.com Follow Adolfo Flores on Twitter . 
CALIFORNIA | LOCAL
September 3, 2013 | By Emily Foxhall
Billionaire developer Rick Caruso will be allowed to moor his 216-foot mega-yacht in Newport Beach after obtaining a special permit from the city. In mid-August, to the chagrin of several citizens, the Newport Beach Harbor Commission voted to allow two large yachts - including Caruso's - to moor for a set period of time near the west end of Lido Isle. Neighbors voiced concerns over potential noise and safety problems, in addition to citing a lack of transparency in the decision-making process.
CALIFORNIA | LOCAL
August 26, 2013 | By Emily Foxhall
A pair of mega-yachts, including billionaire developer Rick Caruso's new 216-foot vessel, will glide into Newport Harbor next month, and not everyone is thrilled with the pending visit . Caruso's yacht, the Invictus, is expected to be anchored off Lido Isle for 16 days during a two-month stretch, in part for a gala christening party. The owner of a second boat, the nearly 130-foot Marama, wants to anchor in the harbor for five days to host a private wedding. The boat's owner wasn't identified.
CALIFORNIA | LOCAL
September 14, 2012 | By Kate Linthicum, Los Angeles Times
Will the mayor of the Grove run for mayor of Los Angeles? With the deadline for entering next year's contest to replace Antonio Villaraigosa only weeks away, billionaire mall developer Rick Caruso is closing in on a decision. The shopping center mogul has flirted with the idea for years, but interest in his intentions has intensified after another potential front-runner from outside City Hall, Los Angeles County Supervisor Zev Yaroslavsky, announced he was staying out. Caruso has been conferring with a team of political consultants and recently told a magazine that "the timing is very right.
CALIFORNIA | LOCAL
August 26, 2013 | By Emily Foxhall
At 216 feet from stem to stern, the Invictus is a colossus of a yacht, complete with a gym, a theater and a dining room table that comfortably seats 20. And when billionaire developer Rick Caruso's mega-boat pulls in and out of Newport Harbor in the coming weeks, it will dwarf the cabin cruisers and sailboats that typically bob on the waters here. Even the long-running Balboa Island Ferry will be a speck in comparison. But the pending arrival of the Invictus and a second yacht, the 130-foot Marama, is also testing the patience of some Newport residents who say the massive vessels - even as temporary visitors - will be a nuisance and possibly lead to other large-boat owners making Newport Harbor a port of call.
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