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Rick Caruso

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 . 
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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.
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
September 6, 2012 | By Roger Vincent, Los Angeles Times
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.
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.
CALIFORNIA | LOCAL
November 14, 2007 | From Times Staff Reports
A jury awarded developer Rick Caruso $15 million in punitive damages Tuesday on his claim that the owner of the Glendale Galleria illegally threatened a restaurant chain to prevent it from moving into Caruso's competing complex. Earlier this month, the Los Angeles County Superior Court jury found that the Galleria's owner, General Growth Properties, engaged in "fraud, malice and oppression" to undermine Caruso Affiliated's Americana at Brand retail-and-residential center in Glendale.
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