Caruso

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.

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

Design

Real Estate

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Los Angeles, California

Founded

1987

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Simplify's Take

What believers are saying

  • Rivian will add 150-plus chargers across Caruso properties, driving visits and relevance.
  • Palisades Village reopened August 15, 2026 with most former tenants and new concepts.
  • Caruso Signature and Fidel API deepen loyalty, parking benefits, and personalized offers.

What critics are saying

  • Pacific Palisades concentration leaves Caruso exposed to another wildfire season after 2025.
  • The July 2026 Commons at Calabasas rent lawsuit shows tenant churn and collections friction.
  • A second major fire or lease-up miss could cripple concentrated luxury retail cash flows.

What makes Caruso unique

  • Caruso turns shopping centers into experiential town squares with dining, events, and parking.
  • Palisades Village reopened August 15, 2026 at 99% leased after $100 million restoration.
  • Rivian's April 29, 2026 deal embeds chargers, showrooms, and ride-and-drive programming.

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Benefits

Flexible Work Hours

Company News

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.

Centre Daily Times
Apr 30th, 2026
Rivian to place more than 100 new EV chargers around Caruso properties.

Rivian to place more than 100 new EV chargers around Caruso properties. By Caroline Petrow-Cohen, Los Angeles Times The Tribune Content Agency April 30, 2026 4:28 AM Gift Article Real estate developer Caruso is partnering with the electric vehicle company Rivian to add more than 150 public EV chargers to Caruso's properties, including malls and apartment buildings. Caruso owns several iconic Southern California destinations, such as the Grove and Palisades Village, which is scheduled to reopen this summer after last year's wildfires. Rivian is an Irvine-based luxury EV brand that has risen in popularity in the Golden State as Tesla has lost some traction. The multi-year partnership will add two new Rivian showrooms to the Commons at Calabasas and the Americana at Brand in Glendale. Each space will be designed like a gallery and offer private experiences, the companies said. The DC fast chargers will be available to all EV drivers and powered entirely by renewable energy. Caruso did not specify where the new chargers would be installed. It owns residential buildings in Glendale and near Beverly Hills, as well as the Miramar Resort in Montecito. "We are thrilled to deepen our relationship with Caruso, a partner with a shared belief in creating meaningful experiences for its community," Marc Navarro, senior manager of real estate at Rivian, said in a statement. The collaboration will include ride-and-drive experiences across the Caruso portfolio in Los Angeles, Marina del Rey, Thousand Oaks and other locations. Rivian was also named a presenting partner for the 25th Annual Christmas at the Grove event. Rivian owners enrolled in Caruso's membership program will receive free parking at all Caruso properties. "This partnership enhances the first-class retail experience while adding meaningful convenience for our guests," said Caruso's chief financial and revenue officer, Jackie Levy, in a statement. "We're creating destinations that reflect how today's consumers live, shop and move." California has more than 90,000 public EV charging ports and more than 125,000 shared private ports, according to the California Energy Commission. Combined, that's 68% more EV chargers than gasoline nozzles in the state. Los Angeles County has nearly 4,000 public DC fast chargers, the most in the state, followed by San Diego and San Bernardino counties. As of the end of last year, 2.2 million zero-emission vehicles were registered in California, including EVs and plug-in hybrids. There are still shortages of EV chargers in some California counties, including Modoc and Siskiyou counties in the northern-most part of the state and in Inyo County northeast of Los Angeles. After several rounds of layoffs in 2025, Rivian signaled a comeback earlier this year with strong earnings, reporting gross profits for 2025 of $144 million compared to a net loss in 2024 of $1.2 billion.

PR Newswire
Jul 8th, 2025
New Tradition Media Expands Premium Footprint in Los Angeles as They Partner with Caruso

This week, New Tradition Media significantly expanded its premium asset footprint in Los Angeles, partnering with Caruso to represent its Out-of-Home media portfolio, one of the most prominent networks in the country, and deliver access and connections to high profile audiences.

PR Newswire
May 31st, 2025
First 100 Speakers Confirmed For Blueprint Vegas 2025, The Premier Event On The Future Of The Built World

Anyone who is thinking differently about real estate and construction is welcome at Blueprint. These speakers are just the tip of the innovators coming to connect with each other. It is an honor to gather these pioneers at the home of the built world this September!

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