Caruso
Caruso is a privately held Los Angeles-based real estate developer and operator of luxury lifestyle retail centers, mixed-use properties, and the Rosewood Miramar Beach resort across Southern California, serving premium retail tenants, affluent consumers, and luxury residents.
- Company typePrivate
- Founded1991
- HeadquartersLos Angeles, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Caruso does
Caruso is a privately held real estate development and hospitality company founded by Rick J. Caruso in 1991 and headquartered at 101 The Grove Drive in Los Angeles. The company creates and operates a portfolio of approximately 20 lifestyle retail centers, luxury residential properties, and mixed-use developments concentrated in Southern California. Its flagship assets—The Grove in Los Angeles and The Americana at Brand in Glendale—are among the most-productive open-air shopping centers in the United States, with The Grove ranking No. 2 nationally in sales per square foot and drawing more than 18 million annual visitors.
The underlying model combines curated tenant leasing (Nike, Apple, Nordstrom, Louis Vuitton, Tesla, Rivian, Ralph Lauren, and others), luxury residential rentals (8500 Burton Way, The Americana at Brand Luxury Apartments, Excelsior, and the forthcoming Commons Lane), and hospitality operations through the Rosewood Miramar Beach resort in Montecito, which holds a rare Triple Five-Star Forbes rating. Revenue mechanics are primarily recurring—long-term retail leases, residential rentals, hotel room nights, and the points-based Caruso Signature loyalty platform integrated with Visa, Mastercard, and American Express for card-linked offers and transaction monitoring. Distribution is entirely physical and regional: Caruso's owned properties serve as the access points for both consumer and enterprise customers.
Caruso employs a community-centered design methodology and experiential event programming (Christmas at The Grove, Nike Soccer World Cup activations, the Rivian Adventure Network rollout) to drive traffic and tenant performance. The portfolio sustains 99.5% retail occupancy and 100% residential occupancy, with The Grove delivering 62% higher sales per square foot than the industry average. Palisades Village, damaged in the January 2025 Pacific Palisades wildfires, is scheduled to reopen in August 2026 with approximately 60% of original tenants returning alongside new entrants.
Caruso firmographics
Firmographics- Name
- Caruso
- Legal name
- Caruso Management Company, Ltd.
- Website
- https://caruso.com
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Caruso is a privately held Los Angeles-based real estate developer and operator of luxury lifestyle retail centers, mixed-use properties, and the Rosewood Miramar Beach resort across Southern California, serving premium retail tenants, affluent consumers, and luxury residents.
- Ownership category
- akta.pro rank
Caruso industry classification
Industry- Product category
- Luxury Lifestyle Real Estate Development and Hospitality
- NAICS
- Furniture, Home Furnishings, Electronics, and Appliance Retailers (449), Consumer Electronics and Appliances Rental (532210)
- SIC
- Hotels, Rooming Houses, Camps & Other Lodging Places (7000)
- akta.pro primary industry
- Boutique Resorts (Small-Scale Resorts) (THAGADAJ)
Keywords
Where Caruso is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Caruso business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Retail Property Leasing: Caruso generates primary revenue through leasing retail, dining, and entertainment spaces to tenants across its portfolio of lifestyle centers. The company maintains near-full occupancy (99.5%) across its retail portfolio.
- Caruso Signature Loyalty Program: The company operates a points-based loyalty rewards program (Caruso Signature) where members earn points for purchases at partner locations, redeemable for events and experiences. This creates a recurring engagement model with consumers.
- Residential Property Operations: Caruso operates luxury residential properties including apartments and condominiums at its mixed-use developments, generating rental income from residents.
- Hospitality Operations: The company operates the Rosewood Miramar Beach resort, generating revenue from hotel stays, dining, spa services, and events at the property.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Caruso product offering
Product offeringCore offering
Caruso is a real estate development and hospitality company that owns and operates a portfolio of lifestyle retail centers, luxury mixed-use residential properties, and the Rosewood Miramar Beach luxury resort in Southern California. The company generates revenue primarily by leasing retail and dining spaces to premium tenants within its curated lifestyle destinations, operating luxury apartment and condominium residences, and running a five-star oceanfront resort with on-site restaurants and spa.
Product overview
Caruso operates a diversified portfolio of lifestyle retail centers, luxury residential properties, and hospitality destinations across Southern California. The core portfolio includes flagship retail properties (The Grove, The Americana at Brand, The Commons at Calabasas, Palisades Village, The Promenade at Westlake, Waterside at Marina del Rey, Village at Moorpark), luxury residential offerings (8500, The Americana at Brand Luxury Apartments, Excelsior), and the Rosewood Miramar Beach resort with its signature Caruso's restaurant and Sense Spa. The company also offers the Caruso Signature loyalty rewards platform and is expanding its portfolio with new developments including The Commons Lane residential expansion and Miramar Resort enhancements. Strategic partnerships include Rivian EV charging infrastructure and showrooms across portfolio properties.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Two of top five outdoor shopping centers in the country
- +2 more outcomes
Companies that use Caruso
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
Caruso technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Caruso partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- RiviancoreMulti-year partnership to install 150+ public DC fast EV chargers across Caruso's Southern California portfolio, powered by renewable energy. Includes two new Rivian showrooms at The Commons at Calabasas and The Americana at Brand, ride-and-drive events, and free annual parking for Rivian owners in Caruso's Signature program. Rivian is presenting sponsor of Christmas at The Grove.
- Rosewood Hotels & ResortscoreRosewood Hotels & Resorts manages the Miramar Beach resort property owned by Caruso. This partnership operates the luxury oceanfront resort featuring 153 rooms, multiple dining venues including Caruso's restaurant, Sense Spa, and exclusive beach club amenities.
Scale indicators12 records
Recent moves10 records
Expansion highlights6 records
Caruso competitors and assessment
Company assessmentBroad incumbents
- Simon Property Group: Largest U.S. shopping-center REIT operating premier malls and lifestyle centers (The Forum Shops at Caesars, The Shops at Columbus Circle), with comparable luxury and experiential retail strategy at scale — a public-market comparable for Caruso's flagship retail productivity thesis.
- Brookfield Properties: Operates a large portfolio of premier retail and mixed-use destinations (Manhattan West, TheMART, and former Westfield U.S. assets) with luxury tenant curation and mixed-use residential components — directly comparable at the asset-class level.
- Unibail-Rodamco-Westfield: Global operator of flagship shopping and lifestyle destinations (Westfield London, Westfield Century City) — comparable at the destination-retail operating model and luxury-tenant curation level.
- Howard Hughes Holdings: Owns and operates master-planned communities combining luxury retail, residential, dining, and office (The Woodlands, Summerlin, Ward Village) — a public-market proxy for Caruso's luxury, experience-driven, geographically concentrated model.
- Related Companies: Developer of large-scale mixed-use destinations (Hudson Yards, The Related Santa Monica, CityCenterDC) combining luxury retail, residential, and public space — closely parallels Caruso's mixed-use development playbook.
- Four Seasons Hotels and Resorts: Operator of globally recognized luxury hotels with destination fine-dining and spa concepts — directly comparable to Rosewood Miramar Beach at the brand-tier, service-quality, and resort-pricing level.
Direct peers
- Macerich: REIT focused on high-end, productivity-leading U.S. malls (The Grove-adjacent competitor set and Westside Pavilion/American at Brand peers), with luxury tenant mix and SoCal exposure that closely tracks Caruso's retail portfolio.
- Auberge Resorts Collection: Operator of ultra-luxury, design-forward boutique resorts with destination dining and spa — a hospitality comparable for Rosewood Miramar Beach on positioning, ADR, and experiential luxury offering.
- The Irvine Company: Privately held owner/operator of trophy Southern California lifestyle destinations (Fashion Island, Irvine Spectrum Center, The Village at Irvine Spectrum Center) and luxury residential communities — the closest analogue to Caruso by geography, private ownership structure, and luxury retail + residential + mixed-use model.
Regional players
- Vornado Realty Trust: New York-focused REIT with trophy street retail and mixed-use assets (Bergdorf Goodman building, 666 Fifth Avenue) — comparable at the high-end, prime-locale retail leasing model that defines Caruso's flagship approach.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Caruso social profiles
Digital presenceCaruso compliance and trust
Trust signalCompliance7 records
Caruso financial estimates
Financial estimateRevenue estimate
Valuation estimate
Caruso leadership team
Management profileNumber of profiles
Profiles7 records
Caruso funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Caruso M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Caruso
What does Caruso do?
Caruso is a real estate development and hospitality company that owns and operates a portfolio of lifestyle retail centers, luxury mixed-use residential properties, and the Rosewood Miramar Beach luxury resort in Southern California. The company generates revenue primarily by leasing retail and dining spaces to premium tenants within its curated lifestyle destinations, operating luxury apartment and condominium residences, and running a five-star oceanfront resort with on-site restaurants and spa.
Is Caruso a public or private company?
Caruso is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Caruso founded?
Caruso was founded in 1991. It employs 101 to 250 people.
Where is Caruso based?
Caruso is headquartered in Los Angeles, United States, in the North America region.
How does Caruso make money?
Four revenue lines are on record. Retail Property Leasing is the primary driver. The others are caruso Signature Loyalty Program, residential Property Operations and hospitality Operations.
Who are Caruso's main competitors?
Broad incumbents on record are Simon Property Group, Brookfield Properties, Unibail-Rodamco-Westfield, Howard Hughes Holdings, Related Companies and Four Seasons Hotels and Resorts. Direct peers are Macerich, Auberge Resorts Collection and The Irvine Company. Vornado Realty Trust is listed as a regional player.
Does Caruso have an API?
No public API is recorded for Caruso.
What industry is Caruso in?
Caruso's product category is Luxury Lifestyle Real Estate Development and Hospitality. Its primary akta.pro industry code is THAGADAJ, Boutique Resorts (Small-Scale Resorts). Its NAICS code is 449 and its SIC code is 7000.