Mall Wars: November 2007 Archives
As per LAO, Mall Developer Rick Caruso recoups some of his expensive campaign costs associated with getting his Americana project in Glendale through a referendum process, Times reports:
Caruso gets $74 million in justiceWhen the owner of the Glendale Galleria pressured the Cheesecake Factory not
to move into developer Rick Caruso's adjacent Americana at Brand shopping
mall, he sued. The jury awarded Caruso $74 million in compensatory damages
for "fraud, malice and oppression."
For awhile, Caruso's proposed Shops at Santa Anita in Arcadia looked headed in the same direction, but a referendum appears off the table with owner of adjacent-mall Westfield Santa Anita opting instead for the litigation route.
