Haute 100 Los Angeles Update: Rick Caruso

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Our Haute 100 list details the accomplishments of the most influential people in each of our markets—Miami, New York, Los Angeles, and San Francisco. These people continue to make moves, so rather than waiting for the next Haute 100 issue to come out, we thought we’d provide you with regular updates on those Haute 100 members who are making headlines. Check back daily for more info on the most powerful people in your city. Today, Rick Caruso gives his future plans some lift off.

Rick Caruso

Category: Originators

Industry: Real Estate Development

Company: Caruso Affiliated

What Made Him Haute: As L.A. Business Journal’s “Developer of the Year,” and a past president of the Police Commission, Rick Caruso is one the most influential members of the Los Angeles community. The developer of the Grove, the Americana at Brand, and other retail-entertainment projects has transformed neighborhoods and changed the shopping landscape.

What Makes Him Haute Now: Caruso Affiliated is now investing in the airport retail business, giving travelers a more welcoming shopping experience. The company has also taken on a joint venture with investment firm TPG Capital, with plans to invest up to $750 million worth of property on the West Coast. Caruso has his eye on the Glendale Galleria, a shopping center that rivals his Americana at Brand development. It’s also been noted in various interviews that the developer has touched upon the idea of running for mayor in 2013, when Mayor Antonio Villaraigosa’s term is up. We will certainly keep our fingers crossed for discount shopping bribes!

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