Caruso (company)
| Company type | Private |
|---|---|
| Industry | Real estate development |
| Founded | 1987 |
| Founder | Rick Caruso |
| Headquarters | Los Angeles, California, United States of America |
Key people | Corinne Verdery (CEO) |
| Website | Caruso.com |
Caruso, formerly Caruso Affiliated Holdings, LLC, is one of the largest privately held real estate companies in the United States. It was founded by Rick Caruso in 1987, with Corinne Verdery as its CEO since 2022.[1] Caruso has a portfolio of retail and mixed-use properties in Southern California, including ones in Los Angeles, Glendale, Calabasas, Pacific Palisades, Marina Del Rey, Encino and Thousand Oaks.
Properties
The company provides real estate development services in Southern California. Its portfolio includes shopping, entertainment, and residential developments. The company also develops parks, promenades, fountains, and plazas integrated with a retail environment; mixed-use developments that feature a blend of shopping, dining, and entertainment with residential living; shopping centers; outdoor retail and dining destinations that feature shops and restaurants; and lifestyle centers that offer casual living, dining, and shopping features.[2][3] Its properties draw tens of millions of visitors each year.[4]
Caruso develops, owns and manages properties such as:
- The Grove at Farmers Market (Los Angeles)
- Americana at Brand (Glendale, CA)
- The Commons at Calabasas (Calabasas, CA)
- Palisades Village (Pacific Palisades, CA)
- The Promenade at Westlake (Westlake Village, CA)
- The Waterside Marina Del Rey (Marina Del Rey)[3][5]
- Encino Marketplace (Encino, CA)[6]
- Village at Moorpark (Thousand Oaks, CA)[7]
- The Lakes at Thousand Oaks (Thousand Oaks, CA)[7]
- 8500 Burton Way (Los Angeles)[8][9]
Awards
Caruso properties have won awards for design and development, including the 1997 Golden Nugget Grand Award for the Promenade at Westlake, in the Best Commercial Project for Retail category;[10] the Urban Land Institute’s Award for Excellence for The Commons at Calabasas in 1999 and The Grove at Farmers Market in 2003;[11] and ICSC's Gold Award in the 2009 United States Design and Development Award Competition for the Americana at Brand.[12]
References
- ^ "Rick J. Caruso Founder and Chief Executive Officer". Caruso Affiliated. Retrieved May 3, 2013.
- ^ "Caruso Affiliated Holdings LLC". InsideView. Archived from the original on June 29, 2013. Retrieved May 3, 2013.
- ^ a b "Company Overview of Caruso Affiliated Holdings LLC". Bloomberg Businessweek. Archived from the original on February 1, 2012. Retrieved April 29, 2013.
- ^ Martin Moodie. "Shilla/ARI bid for LAX duty free gets Rick Caruso endorsement". The Moodie Report. Archived from the original on 2014-01-13. Retrieved May 8, 2013.
- ^ Deborah Crowe (April 24, 2013). "Caruso Announces Changes for Americana at Brand". Los Angeles Business Journal.
- ^ Andrew Blankstein (March 14, 2001). "Glendale's Long-Stalled Town Center Gets a Builder". Los Angeles Times.
- ^ a b Sylvie Belmond (June 7, 2012). "Mall developer to receive entrepreneur award June 19". The Acorn. Archived from the original on September 7, 2015. Retrieved May 17, 2013.
- ^ Roger Vincent (November 11, 2012). "Grove developer Caruso opens lavish apartment complex". Los Angeles Times.
- ^ Peter Caranicas (April 11, 2013). "Los Angeles Apartments That Are a Room-Service Fit". Variety.
- ^ "Small Home Wins Big Design Award". Los Angeles Times. 22 June 1997.
- ^ Daniel Lobo (25 October 2012). "ULI Awards for Excellence: Winners Through the Years". Urban Land Institute.
- ^ "The Americana at Brand Wins Award for Design, Development". Outlook Newspapers. 24 December 2009. Archived from the original on 29 June 2013.