Caruso, formerly Caruso Affiliated Holdings, LLC, is one of the largest, privately held

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more genera ...

companies in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., federal district, five ma ...

. It was founded by

Rick Caruso Rick Joseph Caruso (born January 7, 1959) is an American businessman. A billionaire, he is the founder and former chief executive officer of Caruso, an American real-estate company. He is the chair of the board of trustees at the University o ...

in 1987, with Corinne Verdery as its

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especiall ...

since 2022. Caruso has a portfolio of retail and mixed-use properties in

Southern California Southern California (commonly shortened to SoCal) is a geographic and cultural region that generally comprises the southern portion of the U.S. state of California. It includes the Los Angeles metropolitan area, the second most populous urban ...

, including ones in

Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the wor ...

, Glendale,

Calabasas Calabasas may refer to: * Calabasas, Arizona, former populated place in what is now Rio Rico, Arizona * Calabasas, California, city in Los Angeles County, California See also * Calabaza Calabaza is the generic name in the Spanish languag ...

, Pacific Palisades,

Marina Del Rey Marina del Rey (Spanish for "Marina of the King") is an unincorporated seaside community in Los Angeles County, California, with an eponymous harbor that is a major boating and water recreation destination of the greater Los Angeles area. The ...

, Encino and

Thousand Oaks Thousand Oaks is the second-largest city in Ventura County, California, United States. It is in the northwestern part of Greater Los Angeles, approximately from the city of Los Angeles and from Downtown Los Angeles, Downtown. It is named af ...

Properties

The company provides real estate development services in

. 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 a host of quaint shops and restaurants; and lifestyle centers that offer casual living, dining, and shopping features. Its properties draw tens of millions of visitors each year. Caruso develops, owns and manages properties such as: *

The Grove at Farmers Market The Grove is a retail and entertainment complex in Los Angeles, located on parts of the historic Farmers Market. History The complex fills space previously occupied by an orchard and nursery, which were the last remains of a dairy farm owned b ...

(

) *

Americana at Brand The Americana at Brand is a large shopping, dining, entertainment and residential complex in Glendale, California. The property was built and is owned and operated by Los Angeles businessman Rick J. Caruso and his company Caruso Affiliated. Car ...

(

Glendale, CA Glendale is a city in the San Fernando Valley and Verdugo Mountains regions of Los Angeles County, California, United States. At the 2020 U.S. Census the population was 196,543, up from 191,719 at the 2010 census, making it the fourth-larges ...

) * The Commons at Calabasas ( Calabasas, CA) * Palisades Village ( Pacific Palisades, CA) *The Promenade at Westlake ( Westlake Village, CA) *The Waterside Marina Del Rey (

) *Encino Marketplace ( Encino, CA) *Village at Moorpark (

Thousand Oaks, CA Thousand Oaks is the second-largest city in Ventura County, California, United States. It is in the northwestern part of Greater Los Angeles, approximately from the city of Los Angeles and from Downtown. It is named after the many oak tr ...

) *The Lakes at Thousand Oaks (

) *8500 Burton Way (Los Angeles)

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; the

Urban Land Institute The Urban Land Institute, or ULI, is a nonprofit research and education organization with regional offices in Washington, D.C., Hong Kong, and London. ULI advocates progressive development, conducting research, and education in topics such as ...

’s Award for Excellence for The Commons at Calabasas in 1999 and

in 2003; and ICSC’s Gold Award in the 2009 United States Design and Development Award Competition for the

References

External links

Caruso website
{{DEFAULTSORT:Caruso Affiliated 1987 establishments in California Real estate companies established in 1987 Companies based in Los Angeles Real estate companies of the United States Caruso family 1987 establishments in the United States Companies established in 1987