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Caruso Affiliated

BUSINESS
By Ryan Vaillancourt | November 14, 2007
LOS ANGELES — The same jury that ruled last week against owners of the Glendale Galleria for interfering with lease negotiations at the Americana at Brand decided Tuesday to tack an additional $15 million in punitive damages to the $74 million it had already awarded Americana developer Caruso Affiliated. The decision ended a seven-week trial and more than three years of legal wrangling between the two real estate titans who clashed over why construction of the $435-million Americana was delayed.
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NEWS
By Jason Wells | January 24, 2008
CITY HALL ? A proposal to name one of the new private Americana at Brand streets Excelsior Lane fell flat with the Redevelopment Agency on Tuesday, spurring calls for developer Rick Caruso to personally explain his choice at next week?s City Council meeting. The one-block street extends west off Brand Boulevard and intersects Orange Street. Caruso Affiliated representatives said they chose the name as part of an important and aggressive marketing strategy for the Americana building called The Excelsior, which borders the street.
NEWS
May 5, 2004
I was very disappointed to see the recent suggestions that the Glendale Galleria be boycotted because it opposes the Town Center project. As we have stated consistently since December 2002, General Growth fully supports a Town Center, but not a Town Center in the form in which it's currently proposed. In an effort to cut through the frequent misstatement of our position and motives, I'd like to fully lay out our concerns about the Town Center, and how we've tried to work with the city and the developer to address them.
NEWS
February 4, 2008
STREET NAME Caruso Affiliated officials are expected to pitch the name of Excelsior Lane for a side street into the Americana at Brand development that would extend west off Brand Boulevard. The hearing comes after the Redevelopment Agency last week refused to approve the name pending a more thorough explanation of how the developer chose it. Some on the board argued that the name did not fit in with Glendale heritage. Although the street is considered private, it would connect to public streets — Brand Boulevard on the east and Orange Street coming up from Colorado Street.
BUSINESS
By Zain Shauk | November 19, 2009
DOWNTOWN — The Americana at Brand this week retreated on its free weekday parking offer, reinstituting daily fees ahead of its evening Christmas tree lighting event and kickoff to the holiday shopping season. The shopping center will offer free parking with validation for Americana shoppers, but decided to revert to its original payment structure to prevent any overcrowding of its parking structures, said Jennifer Gordon, vice president of Caruso Affiliated, which owns the mixed-use behemoth.
BUSINESS
By Zain Shauk | November 20, 2009
DOWNTOWN ? The Americana at Brand this week retreated on its free weekday parking offer, reinstituting daily fees ahead of its evening Christmas tree lighting event and kickoff to the holiday shopping season. The shopping center will offer free parking with validation for Americana shoppers, but decided to revert to its original payment structure to prevent any overcrowding of its parking structures, said Jennifer Gordon, vice president of Caruso Affiliated, which owns the mixed-use behemoth.
BUSINESS
By Ryan Vaillancourt | June 26, 2007
DOWNTOWN GLENDALE — Barnes & Noble Booksellers and national eatery The Cheesecake Factory are among a list of retailers recently confirmed as future tenants of the Americana at Brand. The 15-acre, $369-million, mixed-use project began construction in June 2006 and has an expected completion date set for Spring 2008. As of Monday, retail space in the development was already more than 80% leased, said Todd M. Russell, senior vice president of leasing and marketing with Americana developer Caruso Affiliated.
NEWS
By Bill Kisliuk, bill.kisliuk@latimes.com | January 21, 2011
Developer Rick Caruso has acquired one of the two properties he's been seeking as part of his plan to expand the 15.5-acre Americana at Brand shopping center, but is no closer to a deal for the adjacent Golden Key Hotel. Caruso Affiliated Thursday announced that it paid an undisclosed sum for the empty 7,500-square-foot brick building at 230 S. Orange St., adjacent to stores and restaurants on Caruso Way inside the Americana. "We are very pleased to have reached a swift resolution," Caruso said in a statement.
NEWS
By Bill Kisliuk, bill.kisliuk@latimes.com | March 28, 2011
After millions of dollars and a public relations battle with the owner of the Golden Key Hotel, Americana at Brand developer Rick Caruso now may have to contend with the Glendale Historical Society. At issue is a brick building at 230 S. Orange St. that is slated for demolition to make way for a new Nordstrom slated for the site it and the Golden Key occupy. Caruso acquired the former recording studio building for $4.1 million in January, but Glendale Historical Society sent a letter to the city arguing it should be saved.
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