Caruso

About Caruso

Caruso is a real estate operator headquartered in Los Angeles, CA. Caruso operates in Los Angeles, California (LA) and Oxnard-Thousand Oaks-Ventura, California. Its investment focus is on Affordable Housing, Condominiums and Hospitality.

Caruso is a privately held real estate investment, development, and management company based in Los Angeles, California. Founded in 1987 by Rick Caruso, the enterprise has completed 39 years of continuous operation. The firm is recognized for pioneering the open-air lifestyle center concept to create pedestrian-friendly main streets blending civic spaces, entertainment, and luxury retail. The company focuses its platform on high-barrier coastal and urban submarkets within Southern California, including Los Angeles, Glendale, Calabasas, Pacific Palisades, Marina del Rey, Encino, Thousand Oaks, and Montecito. Caruso manages its properties directly through an integrated hospitality-driven operating model that provides resort-style services. The firm's historical development track record encompasses a physical footprint of more than 2.5 million square feet across retail, mixed-use, luxury residential, corporate office, and hospitality sectors. Its portfolio includes flagship retail destinations such as The Grove in Los Angeles and The Americana at Brand in Glendale, the latter featuring a residential component comprising 242 luxury apartments and 100 condominiums. Additional assets include Palisades Village, 8500 Burton Way, Waterside at Marina del Rey, and the Rosewood Miramar Beach resort in Montecito.

Principals at Caruso