C

Caruso

Develops and manages upscale retail complexes

Overview

Caruso develops premier retail complexes worldwide. Its projects blend architectural and design excellence with a strong focus on community needs and a standout guest experience to attract shoppers and tenants. The company tracks high sales, growing popularity, and a high-quality, diverse portfolio of properties. Caruso differentiates itself through a proven ability to create destination retail environments that emphasize visitor experience and community impact, setting it apart from peers where design, destination quality, and local engagement matter most. Goal: build highly successful, community-oriented retail destinations that perform well financially while enhancing the local areas they inhabit.

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About Caruso

Simplify's Rating
Why Caruso is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

DesignReal Estate

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Los Angeles, CA

Founded

1987

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Simplify's take

What believers are saying

  • Palisades Village reopened 99% leased in August 2026, signaling strong tenant demand.
  • Caruso's October 2026 Paramount deal adds Bay Theater programming and community draw.
  • Rivian's 150-plus chargers across Caruso properties should increase dwell time and repeat visits.

What critics are saying

  • Fresh Brothers sued Caruso in July 2026 over $38,000 rent, showing tenant friction.
  • Wildfire exposure remains severe; Palisades Village closed in 2025 and needed a 2026 restoration.
  • If another Palisades fire hits, Caruso's flagship retail and theater economics collapse overnight.

What makes Caruso unique

  • Palisades Village reopened August 15, 2026, proving Caruso can restore premium community destinations fast.
  • Rivian's April 2026 partnership gives Caruso chargers, showrooms, and experiential retail traffic.
  • Bay Theater's November 13, 2026 reopening extends Caruso beyond shopping into entertainment.

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Benefits

  • Flexible Work Hours

Company News

BusinessDen
Nov 12th, 2026
Investor buys downtown Boulder office building for 50% discount.

Investor buys downtown Boulder office building for 50% discount. "Boulder's tech and creative community has been craving a boost since Galvanize left," Dan Caruso said. Dan Caruso stands outside the Pearl West complex, where he will soon debut The Chill House. (Max Scheinblum/BusinessDen) Ten years ago, Dan Caruso made a big return as an investor in the Pearl West complex in Boulder. "If you built it today...it'd be north of $200 million for certain. But because we're buying opportunistically in a kind of down market, we got it for a fraction of that," the 63-year-old tech entrepreneur said of his recent real estate purchase. In late September, Caruso spent $57 million on the 191,000-square-foot Pearl West complex, which spans between Walnut and Pearl streets along 11th Street in Boulder. Enjoy unlimited access for less than $1/day. Topics.

ENSTARZ
Nov 11th, 2026
Pacific Palisades' Bay Theater reopens november 13, nearly two years after Fire closure.

Pacific Palisades' Bay Theater reopens november 13, nearly two years after Fire closure. Published: Nov 10 2026, 9:35 PM EST The Bay Theater in Pacific Palisades will reopen Friday, Nov. 13, ending a closure that began with the January 2025 Palisades Fire. The five-auditorium cinema at Palisades Village is returning through an agreement between Paramount Pictures and developer Caruso, with dine-in cinema company The Lot handling day-to-day theater and dining operations. Opening programming includes "Ebenezer: A Christmas Carol," "The Cat in the Hat," "Wild Horse Nine," "You Can See Everything" and "Godzilla Minus Zero." The Lot's official Bay Theater page lists Nov. 13 screenings, giving moviegoers a way to check individual films, showtimes, and available seats before visiting. The cinema is at 1035 N. Swarthmore Ave. The reopening follows nearly 22 months without regular screenings at the venue. The Palisades Fire began Jan. 7, 2025, and killed 12 civilians and destroyed more than 6,800 structures, according to CAL FIRE. The theater's reopening restores one entertainment venue within a community whose losses extend far beyond its commercial spaces. Inside, the Bay's five auditoriums have laser projection and surround sound, with power recliners offering adjustable head, neck, back, and foot support. Seats include personal dining tables, USB charging ports, and service buttons for food and drink orders. The Palisadian-Post reports that the venue also has a lobby lounge and full-service bar, with a video wall intended for sports broadcasts and gatherings before and after screenings. Paramount and Caruso announced their long-term agreement Oct. 13, before setting the opening date. Their plans extend beyond new studio releases to classic films, curated screenings and community programming. In that announcement, Skydance Chairman and CEO David Ellison described the project as an opportunity to give residents a place to gather around movies. The Lot founder and CEO Adolfo Fastlicht said the operator would manage the venue's hospitality and cinema experience. The arrangement also changes the company associated with the Bay's programming. Netflix and Caruso announced a partnership in October 2021, reopening the theater with "The Harder They Fall" and free family screenings of "Vivo" and "The Mitchells vs. the Machines." Netflix's plans included its own theatrical releases, classic films, appearances, and public events. That history makes the new Paramount agreement a change in stewardship at an existing cinema, rather than the creation of a new venue. For audiences, the immediate attraction is a choice of current releases alongside the restored dine-in setup. The announced mix of classics and community events could give the theater a schedule beyond first-run bookings, although specific dates for those programs have not been established in the materials reviewed. Advance bookings are available through The Lot's Bay Theater page, where moviegoers can check current showtimes, seat availability, and ticket prices for their chosen screening.

Mirror Media Group, Inc.
Oct 14th, 2026
Paramount Pictures and Caruso partner to reopen Pacific Palisades' only cinema, the Bay Theater.

Paramount Pictures and Caruso partner to reopen Pacific Palisades' only cinema, the Bay Theater. Luxury dine-in company THE LOT will manage day-to-day operations at the Palisades Village theater. By Dolores Quintana There is finally news about the future of The Bay Theater in Palisades Village. It was one of the landmarks of the Caruso-owned shopping center that has been sorely missed on the Westside, especially among film fans. Today, Caruso and Paramount Pictures announced that they would bring The Bay, the only cinema in Pacific Palisades, back under a new long-term leasing agreement. David Ellison, Chairman & CEO of Skydance, said, "Together with Caruso, we are proud to help bring the Bay back to life as a place for the Pacific Palisades community to gather around the shared experience of cinema. This theater has always meant more than movies alone - it's woven into the fabric of this neighborhood, and helping restore it is a privilege. We're inspired by the resilience of Pacific Palisades residents, and we're honored to help support this community's comeback." Netflix formerly leased the theater starting in 2021, and it closed after the tragic Palisades Fire in 2025. The Bay Theater was built in 2018. Day-to-day management of the theater, which will screen first-run Paramount releases, repertory screenings, "experiential activations...curated events, and special programming," will be taken over by the luxury cinema company THE LOT. It is a luxury dine-in theater with four other locations in Northern California, Orange County, and San Diego. Culinary offerings are provided by ZENTRL Kitchen in the theater group's other locations, but it is not yet known if they will also run the kitchen at The Bay Theater. The theater will also have a craft cocktail menu. A grand opening date for the theater will be announced in the coming weeks. Rick Caruso, Founder and Executive Chairman of Caruso: "The Bay has always been at the heart of the Palisades, and its return is one of the most meaningful signs yet that this community, following the reopening of the Palisades Village this summer, is coming back stronger than ever. David Ellison and I have a shared ambition to make it one of Los Angeles' premier moviegoing destinations. I am grateful for David's leadership and commitment to Los Angeles and the entertainment industry."

The Registry
Aug 17th, 2026
Caruso reopens 125,000 SQFT palisades village at 99% leased after $100MM fire restoration in pacific palisades.

Caruso reopens 125,000 SQFT palisades village at 99% leased after $100MM fire restoration in pacific palisades. Caruso restarted a 124,965-square-foot open-air center at 99 percent leased this past weekend, a $10 Featured content. Discover more Geographic Reference Real Estate Travel Guides & Travelogues Signup for news and special announcements!

RivianTrackr
Apr 30th, 2026
Rivian and Caruso expand partnership with 150 plus fast chargers and two new showrooms in Southern California.

Rivian and Caruso expand partnership with 150 plus fast chargers and two new showrooms in Southern California. Rivian is going bigger on its Caruso partnership, adding more than 150 DC fast chargers across Caruso's Southern California properties along with two new showrooms opening in 2026. The news comes from Electrek's reporting, and it lines up cleanly with the strategy Rivian has been running for a while now. Put charging and brand experiences where people already are, instead of asking them to go out of their way. The two new showrooms are headed to The Commons at Calabasas and The Americana at Brand in Glendale. Rivian already has a presence at The Grove and Americana, and these new ones will follow the same gallery-style approach the company has used elsewhere. Less sales floor, more space to actually sit with the vehicles. The chargers are part of the Adventure Network, open to all EVs, and powered by renewable energy. Rollout is over the next year across LA, Glendale, Calabasas, Marina del Rey, and Thousand Oaks. If you live in any of those areas, this is just going to make charging part of your normal routine instead of something you plan around. Owners enrolled in Caruso Signature still get free annual parking across the portfolio, and there's now year-round ride and drive programming baked into the deal. Rivian is also staying on as the presenting sponsor for the 25th Christmas at The Grove, which is a small thing on paper but a pretty big moment for visibility in LA every year. What I keep coming back to is the timing. R2 deliveries are about to start, California is the biggest market for it, and Rivian is dropping showrooms and chargers in the exact spots where future R2 owners already shop and eat and park. None of that is an accident. Whether this scales the same way in other regions or stays a Southern California play is the part worth watching.

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