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Real Estate/Development

Jun. 1, 2004

Caruso Announces $1 Billion in Development Plans

BY CHRIS TOLLES CREJ Staff Writer Caruso Affiliated founder and Chief Executive Officer Rick J. Caruso, developer of the Grove in Los Angeles, announced on May 20 plans for $1 billion worth of new development.

BY CHRIS TOLLES
CREJ Staff Writer

Caruso Affiliated founder and Chief Executive Officer Rick J. Caruso, developer of the Grove in Los Angeles, announced on May 20 plans for $1 billion worth of new development.

Speaking between two jockey-carrying racehorses, Caruso announced plans for developing with Magna Entertainment Corp. 85 acres at Santa Anita Park in Arcadia and 45 acres at Golden Gate Fields in Albany, along with four other Califo...

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