Palisades Village

Wrong person.

Developer of the Grove and the Americana and the Palisades Village.

Yes.

So we called, I had Dick call Rick Caruso and he said, I can't say no to Dick Van Dyke.

for?I'm working on a story, and I'd love contributions from readers about, like, the best mall food in LA.

Um, 'cause I think there's been a lot happening with, like, sort of the bigger box malls, like the Westfields and the, you know, the Palisades Village.

Like, there's been a lot of, like, chef-y projects opening in those-

Yeah

And then I went to – The queen herself, the woman of the hour, Nancy Silverton, our favorite person.

She has opened up a new restaurant at the Palisades Village called Spacatutto.

And it is this Italian-American steakhouse restaurant.

They did such a good job with the space.

But stay tuned.

Okay, a lot of Palisades news.

So the Bay Theater, so the movie theater in the Palisades Village will be being taken over by Paramount.

So previously it was owned by Netflix.

Today's event also welcomed the new music director of the LA Opera to the city.

And in your community, a new restaurant from acclaimed chef Nancy Silverton is opening at Palisades Village.

Spaccatutto, a modern Italian steakhouse, opens to the public tomorrow.

The restaurant's name roughly translates to Let's Go, and it's meant to reflect the resilience of Pacific Palisades after the wildfire.

Bitcoin backed around 82.5 and Ethereum at 2,485.

But first this evening, the biggest name in business here in Los Angeles, that would be Rick Caruso, business leader, civic leader, philanthropist, developer of your favorite shopping destinations, including The Grove, Palisades Village, the Commons of Calabasas, also the magnificent Rosewood Montecito Hotel, and the list goes on, master entrepreneur, leader of the Steadfast LA effort to rebuild the Palisades, Malibu, and Altadena.

Rick Caruso, thank you very much for taking the call here this evening.

Frank, how are you doing? It's good to hear your voice, and thanks for having me on the show.

And increasing interest rates are counter to that and just hurt more and make it more difficult.

So I don't like that at all, but what we're seeing in our properties, The consumer is still strong and optimistic and spending money.

And what I'm most pleased about is in Palisades Village, now that we have that reopened, it's been open about six weeks now, we've got business that is now better for most of our retailers and restaurateurs than the pre-fire.

And that's fantastic.

You really are.

And I know last time we did the check-in, we talked about the Palisades Village shopping area that had just reopened.

The owner of that, Rick Caruso, he also, um, brought back the Palisades Farmers Market on Wednesdays, which is great.

We had a barista that was part of a local coffee shop that burned down.

We're in the home of entertainment, sex, and sin.

It's the Double B Studios in Las Vegas, Nevada, and how can this possibly happen? What we're reviewing is what are you gonna do if people need you? If people's livelihood relies on you, what is your plan to keep those families fed, employed, and otherwise off the government dole? Developer Rick Caruso, who I was speaking of because I saw him interviewed when he opened the Pacific Palisades Village Shopping Center, and he reopened it on August 15th, 2026, 19 months after the destructive January '25 Palisades fire.

The cost and the investment in the Palisades Vill- Village Shopping Center was over $100 million.

That was done because they did a total smoke remediation, structural rebuilding, interior upgrades, and new infrastructure after the property was stripped down to the studs.

Government doesn't work for you.

How many times have we seen that play out in our daily lives? Caruso had to come up with an answer.

He couldn't leave a multi-million dollar property like Palisades Village Shopping Center go to rot and ruin like the rest of the entire city almost, very close to the residential part of the city.

If you had a nice home, it burned to the ground.

But first, joining us now, the biggest name in business and philanthropy here in Los Angeles, Rick Caruso, business and civic leader, developer of the most popular shopping destinations in Los Angeles, including The Grove, Americana Brand, Commons of Calabasas, and the list goes on, leader of the Steadfast LA effort in the rebuilding areas of the Pacific Palisades, Malibu, and Altadena.

And that, of course, includes Palisades Village and...

Yes, his family, longtime supporters of Paralos Ninos and the Union Rescue Mission.

Rick Caruso, thank you very, very much for taking the call here this evening.

I'll make a point of it.

That's wonderful, Rick Caruso.

And you're making it wonderful for children at the Palisades Village that's recently reopened and the rebuilding of facilities that are important to kids as well as, of course, everyone in the Palisades.

As you continue to lead the Steadfast LA effort, can you give us an update on what's happening there in those areas of Malibu, Altadena, and the Palisades area?

So that was a-

Was it in the, um, Palisades Village?

Yes.

No, it was across the street.