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Rick Caruso

BUSINESS
November 11, 2012 | By Roger Vincent
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.
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BUSINESS
February 27, 2012 | By Shan Li
British fashion chain Topshop is coming to Los Angeles. The retailer is slated to open its fourth American store at the Grove shopping center in L.A.'s Fairfax district by the holiday season. The chain, which makes cheap-chic clothes much like competitors Forever 21 and H&M, will take over a 25,000-square-foot location currently occupied by Banana Republic, which is moving to a smaller space in the outdoor shopping mall. Rick Caruso, the real estate developer behind local shopping malls such as the Grove and the Americana at Brand, said he had been in talks with Topshop owner Sir Philip Green for the last two years and had campaigned for a Los Angeles location.
BUSINESS
May 13, 2011 | By Roger Vincent and Andrea Chang, Los Angeles Times
Glendale's Americana at Brand shopping center will open an Apple retail store, the mall's owner said, joining an existing Apple location across the street in the neighboring Glendale Galleria. Real estate magnate Rick Caruso, who owns the Americana, told a luncheon audience Thursday that an Apple store would be added to the open-air property's lineup, which includes Barnes & Noble, Juicy Couture, Anthropologie and H&M. He later declined to provide further details. An Apple Inc. spokeswoman confirmed that the tech giant was hiring for a store at the Americana but also declined to provide details, saying no announcements had been made.
BUSINESS
April 24, 2013 | By Roger Vincent
Longtime 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.
CALIFORNIA | LOCAL
March 14, 2001 | From a Times Staff Writer
In a 4-0 vote Tueday, the Glendale City Council chose Rick Caruso to build the city's long-stalled Town Center project--a 13-acre outdoor urban neighborhood featuring offices, restaurants and retail stores. Caruso, who beat out veteran Los Angeles-based developer Jerry Snyder, takes over a project that has been on the drawing board for 15 years but was never built because of changes in the design plan and developers.
CALIFORNIA | LOCAL
September 12, 1998
The City Council in a 6-4 vote narrowly confirmed the controversial reappointment Thursday of Department of Water and Power board President Rick Caruso. The appointment was opposed by City Councilman Hal Bernson and environmentalists who are unhappy about Caruso's stand on preservation of the Chatsworth Reservoir, a dry DWP reservoir that has become an unofficial wildlife refuge. Caruso, a prominent developer, has said he wants to consider other uses for the property, particularly soccer fields.
CALIFORNIA | LOCAL
January 28, 2001
Re "Old-World Charm Is Developer's Magic Touch," Jan. 16. Me and Pa were dee-lighted to read about how lucky we are to live in a community that is "suave" and upscale. Yup, we country folk here in Thousand Oaks are mighty lucky to be able to shop and eat European grub at the likes of Promenade and, by year's end, take in a movie at Dee-scovery Park. Yup, developer Rick Caruso has the finest establishments in the Conejo Valley. And just think: When Dee-scovery Park is done, we taxpayers will have paid only $12.5 million and guaranteed him only a 12% profit.
BUSINESS
February 29, 2000 | JESUS SANCHEZ, TIMES STAFF WRITER
The developer of the Commons at Calabasas--a popular outdoor shopping center on the southwestern edge of the San Fernando Valley--has purchased the adjacent Parkway Calabasas Center for about $18 million. The 80,000-square-foot strip mall at the intersection of Parkway Calabasas and the 101 Freeway will be remodeled to attract service-oriented tenants, said Rick Caruso, president of Santa Monica-based Caruso Affiliated Holdings.
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...
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