Rick Caruso

Prominent Los Angeles real estate developer Rick Caruso is expected to build a large-scale retail and entertainment center in north San Diego County after acquiring a plot of land along Interstate 5 from a local utility. Caruso said Thursday that he has agreed to buy a 48-acre parcel on Cannon Road in Carlsbad from San Diego Gas & Electric to be used for a future real estate development. Terms of the sale were not revealed and Caruso did not say exactly what he hopes to build, but he is best known for his Grove shopping center in the Fairfax district of Los Angeles and his Americana at Brand retail and residential development in Glendale.

Long-time rival shopping centers Americana at Brand and the Glendale Galleria are tying the knot with splashy new improvements on Brand Boulevard in downtown Glendale. The changes come as the side-by-side malls usher in new premium tenants - Nordstrom moving from the Galleria to the Americana in September and Bloomingdale's opening just down the street in the Galleria in November. Los Angeles real estate developer Rick Caruso, who owns the Americana and a portion of the Galleria, announced $60 million in improvements to the Americana focused on linking the Nordstrom and Bloomingdale's stores under construction at the two malls.

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.

Los Angeles developer Rick Caruso is buying 10 retail properties on three parcels 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.

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.

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.

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.

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.

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.

One of the world's biggest casino operators has hired Los Angeles shopping center magnate Rick Caruso to develop a $550-million retail and entertainment district in the middle of the Las Vegas Strip crowned by an enormous Ferris wheel. Caruso, who is weighing a run for mayor of Los Angeles, was tapped by Caesars Entertainment Corp. to oversee creation of the Linq, a new open-air attraction across Las Vegas Boulevard from Caesars Palace. The outdoor venue would have more in common with Caruso's Grove shopping center in Los Angeles than it would with hermetically sealed casinos.

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.

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.

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.

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.

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.

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.

Los Angeles shopping center magnate Rick Caruso, owner of the Grove, said Tuesday that he had formed a joint venture with financial firm TPG Capital to invest as much as $750 million in retail real estate in the West. The partners intend to buy retail and mixed-use properties in well-established neighborhoods that aren't performing up to their potential. Caruso, who also owns the Americana at Brand mall and residential complex in Glendale, would upgrade the properties and try to make them more profitable.

David L. Ulin's oh-so-happy love letter to Rick Caruso was as sickening as a half-day at the Grove ("A Man of the Street," June 3). Or an hour. Developments like the Grove rip what authenticity L.A. has out of its sunny heart. Ulin is clearly downing ample swigs of Caruso's Kool-Aid. Give me more tree-lined streets that are friendly to bicycles and pedestrians, no walled theme malls with massive parking tombs.

Rick Caruso, the billionaire mall developer viewed by some as the last hope for a political heavyweight with an outsider's bite to enter the Los Angeles mayoral race, said Thursday he is staying out of the contest. It marks the second time in four years that the 53-year-old builder of The Grove and other landmark commercial centers has hinted strongly at a run and then bowed out. In 2009, he also sent strong signals that he might mount a campaign against Mayor Antonio Villaraigosa.

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.