Billionaire developer Rick Caruso urges builders to invest in Pacific Palisades after devastating wildfires
Billionaire developer Rick Caruso is pressuring property owners and major retailers to rebuild in Pacific Palisades, pointing to strong turnout at his reopened Palisades Village as proof the fire-ravaged community is ready for businesses to return “This message goes out to my fellow commercial property owners and big tenants that used to be in the Palisades. I really encourage you to look forward with confidence,” Caruso said in one-minute video posted on X Tuesday.
Reported by 1 outlet — New York Post. See all sources ↓
Billionaire developer Rick Caruso is pressuring property owners and major retailers to rebuild in Pacific Palisades, pointing to strong turnout at his reopened Palisades Village as proof the fire-ravaged community is ready for businesses to return “This message goes out to my fellow commercial property owners and big tenants that used to be in the Palisades. I really encourage you to look forward with confidence,” Caruso said in one-minute video posted on X Tuesday. Caruso also urged developers and other commercial property owners to “take the lead” by investing in the neighborhood, saying their return could help give homeowners confidence to rebuild and move back. “We need to take the lead and show our confidence, and everybody else is gonna benefit from that in rebuilding their homes and moving back in the neighborhood,” he said.
Read the full report at New York Post ↗
Why it matters
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- What's the story?
- Billionaire developer Rick Caruso is pressuring property owners and major retailers to rebuild in Pacific Palisades, pointing to strong turnout at his reopened Palisades Village as proof the fire-ravaged community is ready for businesses to return “This message goes out to my fellow commercial property owners and big tenants that used to be in the Palisades. I really encourage you to look forward with confidence,” Caruso said in one-minute video posted on X Tuesday.
- How widely is it covered?
- 1 outlet, average source rating 5.0/10.
- When was it last updated?
- 11m ago.
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Billionaire developer Rick Caruso urges builders to invest in Pacific Palisades after devastating wildfires
Sources1TypeCoverageNew York Post