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Rick Caruso

December 17, 2012 | By Roger Vincent, Los Angeles Times
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.
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.
January 11, 2007 | Adrian G. Uribarri, Times Staff Writer
Developer Rick Caruso is best known for transforming Southern California's retail landscape with his splashy open-air shopping villages, such as the Promenade at Westlake Village and the Grove in Los Angeles' Fairfax district. But if his projects are sometimes criticized as facsimiles of city life, Caruso couldn't be prouder of the location of the one building that bears his name: skid row.
February 8, 2012 | By Bill Shaikin
The bidding on the Dodgers has moved into the second round, with 11 parties cleared to advance in the process. With various bid groups discussing mergers and/or trying to acquire additional financing, and with the investment bank handling the sale receptive to substantial offers even at this late date, the list below is subject to change. The lineup of Dodgers bidders, as of Wednesday: Magic Johnson/Stan Kasten: Could soon be joined by richest man in L.A., Dr. Patrick Soon-Shiong.
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.
June 5, 2013 | By Matt Stevens, Los Angeles Times
Billionaire developer Rick Caruso has an idea on how to better move Los Angeles - and it's a blast from the past. Caruso this week is talking up the idea of extending the old-fashioned trolley that now runs through his popular Grove shopping center to other locations in the trendy neighborhood, including the Beverly Center and the Los Angeles County Museum of Art. The plan is still in its infancy, but Caruso vows to throw his weight and "a...
November 22, 2011 | By Bill Shaikin
Former Dodgers manager Joe Torre has discussed teaming with one of Los Angeles' most prominent real estate developers in pursuing the team. Rick Caruso, whose signature project is the Grove but who has not run a sports franchise, could strengthen a potential bid by aligning with Torre. The discussions between Caruso and Torre were first reported Tuesday by the New York Times and subsequently confirmed by the Los Angeles Times. Charles Sipkins, a spokesman for Caruso, declined to comment.
November 4, 2010 | By Rong-Gong Lin II and Andrew Blankstein, Los Angeles Times
In a surprise move, L.A. Memorial Coliseum Commission members Wednesday overturned a moratorium on raves put in place after the drug overdose death of a 15-year-old girl who had attended an event held at the public facility earlier this year. The move was sharply criticized by Rick Caruso, appointed by Gov. Arnold Schwarzenegger to serve on the joint city, county and state commission. "I strongly disagree with the action of the commission," Caruso said, adding that he did not attend the meeting because he was at a family event and that it was his understanding that no action would be taken on the rave moratorium.
May 4, 2003 | Miles Beller, Miles Beller last wrote for the magazine about the making of the Lawrence Bridges film "12." He is co-editor of "American Datelines: Major News Stories from Colonial Times to the Present" (University of Illinois Press, 2003).
In dress and in carriage, Rick Caruso seems an emissary from another era, like F. Scott Fitzgerald's Jazz Age Jay Gatsby, a romantic contradiction of strength and insecurity. Here is a multimillionaire real estate developer who is paid a buck a year for serving as president of the Los Angeles Police Commission. Here is a bottom-line guy who wants to experience life as an artist, to be a creative force free of convention and routine.
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