Rick Caruso Honored with the 2017 Asa V. Call Award
The USC Alumni Association recognizes USC trustee and visionary real estate developer Rick Caruso 80.
Construction of Palisades Village in West Los Angeles started only a few months ago, but Rick Caruso 80 is already walking through the site of the future retail, dining and residential property. Dubbed a retail mastermind by the Wall Street Journal, Caruso is credited for reinventing the mall as an entertainment destination and community gathering place. He is hands-on and likes walking the grounds of all of his developments as they take shape.
My earliest memories are of wanting to build and construct things, Caruso says. Its how Im wired.
Today, the USC trustee and alumnus has earned a place among the countrys highest-profile real estate developers. His companys flagship shopping mecca in Los Angeles, The Grove, is ranked second on Fortunes top 10 list of highest sales-generating shopping centers.
In recognition of Carusos leadership in business and beyond, the USC Alumni Association will present him with this years Asa V. Call Alumni Achievement Award, the universitys greatest honor for an alumnus. When hes recognized at the 84th Annual USC Alumni Awards on April 22 in Los Angeles, hell join the ranks of previous recipients including astronaut Neil Armstrong 70 and opera singer Marilyn Horne 53.
Rick Caruso stands among this universitys most passionate supporters and plays a tremendous leadership role in our community.C. L. Max Nikias
Caruso earned his bachelors degree from the USC Marshall School of Business and his law degree from Pepperdine University. Six years as an attorney convinced him that he belonged in business. He started his own real estate firm in 1992, growing it into one of the nations largest privately held real estate companies.
But real estate is far from his only passion. He and his wife, Tina, founded the Caruso Family Foundation to support education and health care causes. And his three decades of civic leadership include serving as the youngest commissioner of the Los Angeles Department of Water and Power and president of the Los Angeles Police Commission.
The Carusos involvement with USC spans nearly four decades. Their $25 million gift named the USC Tina and Rick Caruso Department of OtolaryngologyHead and Neck Surgery and funded research on hearing loss and related diseases. A previous gift of $10 million established the USC Caruso Catholic Center and Our Savior Parish Church.
Rick Caruso stands among this universitys most passionate supporters and plays a tremendous leadership role in our community, USC President C. L. Max Nikias says.
The Carusos generosity reflects their deep connections to both USC and its hometown.
USC is changing the lives of not just its students, but also of its patients at Keck Medicine of USC and residents of the surrounding community, Caruso says. Its making a huge positive influence and impact on the city of Los Angeles which I love.
Caruso admits he was surprisedand humbledwhen Nikias called to inform him of the Asa V. Call Award recognition. His gratitude for the honor goes straight back to the university that has given him a lifetime of memories. USC helped shape the person I am today, he says.