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BUSINESS
By Ryan Vaillancourt | November 6, 2007
LOS ANGELES — Attorneys for Americana at Brand developer Caruso Affiliated Holdings on Monday made a final attempt to convince a jury that Glendale Galleria owners General Growth Properties illegally interfered with development of their project, costing Caruso $76 million. But General Growth contends delays in the Americana at Brand development were related to legal and construction-related hurdles that were self-inflicted by the developer. Originally filed in 2004 as a $40-million antitrust suit, Caruso alleged that General Growth engaged in illegal interference by strong-arming potential tenants away from the Americana by threatening to cancel or terminate those companies’ tenancies at other General Growth malls across the country.
BUSINESS
By Ryan Vaillancourt | November 9, 2007
LOS ANGELES — A jury on Thursday found that owners of the Glendale Galleria tried to block leading restaurant chain the Cheesecake Factory from signing a lease at the Americana at Brand, and awarded Americana developer Caruso Affiliated Holdings $74 million in damages. The jury also determined that Galleria owner General Growth Properties acted with malice, oppression or fraud, a legal standard that triggers additional punitive damages. The trial will resume Tuesday to assess the amount of the penalty.
THE626NOW
October 4, 2011
Casual dining patrons prefer the Cheesecake Factory by far, according to a new report suggesting that customers - - even faced with tough economic times - - are still willing to swallow a bigger bill. Revenue at the Calabasas Hills-based company is up year over year in the second quarter. Texas Roadhouse, Olive Garden, P.F. Chang's China Bistro and Carrabba's Italian Grill rounded out the top five in the study from Market Force Information . The consumer research firm last month released quick-service restaurant data showing smaller companies like Five Guys and In-N-Out pushing McDonald's and Burger King to the backburner . Researchers in the casual dining study polled more than 4,500 consumers - - more than three-quarters of them women - - and then divided the votes for each chain by the number of restaurants.
NEWS
May 12, 2004
Josh Kleinbaum With a key tenant possibly backing out of the Americana at Brand, and the project's financing difficult to obtain, the $264.2-million retail and residential proposal for downtown Glendale could prove more costly for developer Rick Caruso. The Cheesecake Factory, expected to be a key tenant in the new project and a draw for other tenants, has not signed a lease with Caruso Affiliated Holdings, and Caruso is not sure if he will land the restaurant.
BUSINESS
By Jeremy Oberstein | January 7, 2009
GLENDALE — Cash-strapped General Growth Properties Inc. will pay the owner of the Americana at Brand $48 million to resolve a four-year-old legal dispute concerning commercial tenants at the new outdoor mall, officials announced Tuesday. The settlement, reached in Los Angeles Superior Court on Monday, fell far short of the $89.2 million General Growth owed to Caruso Affiliated Holdings LLC in compensatory and punitive damages after losing a 2007 trial that centered on the Cheesecake Factory.
NEWS
July 8, 2004
Josh Kleinbaum Both sides in the dispute over the proposed Americana at Brand project claimed victory Wednesday after a Superior Court judge ruled that a $40-million antitrust lawsuit against an opponent of the residential and retail development can go to trial. On July 1, Judge Laura Matz threw out Americana at Brand developer Rick Caruso's claim of a conspiracy by General Growth Properties, owners of the Glendale Galleria, but allowed Caruso to go forward with claims of interference and unfair business practices.
NEWS
May 21, 2004
It is distressing to read that the city of Glendale does not have the political will or appreciation to fund vital city services needed today such as the libraries, fire stations and street improvements and repairs, as reported in the "Valley Sun" ("Library, fire station funds needed," May 15). Instead, Glendale has opted to fund an $80 million giveaway! What is alarming and disheartening is the City Council's willingness to give away $80 million of land to a developer to develop the Town Center, particularly in light of the uncertain benefits to the city from this project.
NEWS
April 29, 2004
Josh Kleinbaum Rick Caruso and his entourage celebrated for one night. After the City Council ended a month of suspense and gave final approval to the Americana at Brand, the developer took his staff and supporters to a Glendale restaurant for food and drinks. On Wednesday, Caruso and city staff went back to work on the Americana at Brand, a 15.5-acre housing and shopping complex in downtown Glendale. Caruso continued to fine-tune his design and tenant list, and the city worked on obtaining the 12 remaining parcels of land on the site.
LOCAL
By Michael Sandstrom | May 14, 2008
Congratulations, Glendale! Our little burg can burst with pride for our new town center, the Americana at Brand. The way this project intersects with the rest of the city makes all of downtown Glendale vastly more viable. It is now possible to stroll from Porto’s Bakery or the Alex Theatre along several flat blocks past fountains and plazas, eateries and shops, just like other great cities of the world. Local property values can only be going up because of this beautiful development.
ARTICLES BY DATE
THE626NOW
October 4, 2011
Casual dining patrons prefer the Cheesecake Factory by far, according to a new report suggesting that customers - - even faced with tough economic times - - are still willing to swallow a bigger bill. Revenue at the Calabasas Hills-based company is up year over year in the second quarter. Texas Roadhouse, Olive Garden, P.F. Chang's China Bistro and Carrabba's Italian Grill rounded out the top five in the study from Market Force Information . The consumer research firm last month released quick-service restaurant data showing smaller companies like Five Guys and In-N-Out pushing McDonald's and Burger King to the backburner . Researchers in the casual dining study polled more than 4,500 consumers - - more than three-quarters of them women - - and then divided the votes for each chain by the number of restaurants.
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NEWS
January 10, 2009
SPORTS The Flintridge Sacred Heart Academy soccer program posted its biggest victory of the season Wednesday with a 1-0 Mission League win against chief rival Harvard-Westlake at St. Francis High’s Friedman Field. Freshman Tera Trujillo score the lone goal in the 47th minute to topple the defending league champion. It marked the third time in Flintridge Sacred Heart’s history that it has defeated Harvard-Westlake.    Crescenta Valley High’s girls’ soccer team began the Pacific League portion of its schedule Wednesday with a convincing 5-1 road victory against Pasadena, which won the league title last season.
BUSINESS
By Jeremy Oberstein | January 7, 2009
GLENDALE — Cash-strapped General Growth Properties Inc. will pay the owner of the Americana at Brand $48 million to resolve a four-year-old legal dispute concerning commercial tenants at the new outdoor mall, officials announced Tuesday. The settlement, reached in Los Angeles Superior Court on Monday, fell far short of the $89.2 million General Growth owed to Caruso Affiliated Holdings LLC in compensatory and punitive damages after losing a 2007 trial that centered on the Cheesecake Factory.
LOCAL
By Michael Sandstrom | May 14, 2008
Congratulations, Glendale! Our little burg can burst with pride for our new town center, the Americana at Brand. The way this project intersects with the rest of the city makes all of downtown Glendale vastly more viable. It is now possible to stroll from Porto’s Bakery or the Alex Theatre along several flat blocks past fountains and plazas, eateries and shops, just like other great cities of the world. Local property values can only be going up because of this beautiful development.
BUSINESS
By Ryan Vaillancourt | November 9, 2007
LOS ANGELES — A jury on Thursday found that owners of the Glendale Galleria tried to block leading restaurant chain the Cheesecake Factory from signing a lease at the Americana at Brand, and awarded Americana developer Caruso Affiliated Holdings $74 million in damages. The jury also determined that Galleria owner General Growth Properties acted with malice, oppression or fraud, a legal standard that triggers additional punitive damages. The trial will resume Tuesday to assess the amount of the penalty.
BUSINESS
By Ryan Vaillancourt | November 6, 2007
LOS ANGELES — Attorneys for Americana at Brand developer Caruso Affiliated Holdings on Monday made a final attempt to convince a jury that Glendale Galleria owners General Growth Properties illegally interfered with development of their project, costing Caruso $76 million. But General Growth contends delays in the Americana at Brand development were related to legal and construction-related hurdles that were self-inflicted by the developer. Originally filed in 2004 as a $40-million antitrust suit, Caruso alleged that General Growth engaged in illegal interference by strong-arming potential tenants away from the Americana by threatening to cancel or terminate those companies’ tenancies at other General Growth malls across the country.
NEWS
August 16, 2004
Do you really want the Grove to come to your town? I wonder how many of those in favor of the Glendale Town Center project actually grew up in Los Angeles, like I did. If they grew up here, or even moved here in the last millennium, they might remember going to the Original Farmers Market on 3rd Street and Fairfax Avenue, one of the few remaining attractions of any charm left in this overbuilt city. If they did, they might remember how one used to be able to park there with relative ease, before the awful Grove was built.
NEWS
July 8, 2004
Josh Kleinbaum Both sides in the dispute over the proposed Americana at Brand project claimed victory Wednesday after a Superior Court judge ruled that a $40-million antitrust lawsuit against an opponent of the residential and retail development can go to trial. On July 1, Judge Laura Matz threw out Americana at Brand developer Rick Caruso's claim of a conspiracy by General Growth Properties, owners of the Glendale Galleria, but allowed Caruso to go forward with claims of interference and unfair business practices.
NEWS
June 18, 2004
A closer look reveals flaws in proposed Town Center Regarding the proposed Americana at Brand (aka retail and more retail, theaters and more theaters, and traffic and more traffic), and to answer Kenneth Martinez's response to my May 22 submission: Kenneth, you may consider Target "upscale," however, I wonder why even Mr. Caruso didn't include it in the Grove. Comparing the proposed Americana at Brand with the Grove is still like comparing apples with oranges.
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