Los Angeles is known for a lot of different things, and one that stands out is the property here. For decades, LA has been one of the must-see cities for amazing properties. Whether it’s luxury apartments, expensive luxury homes, or downtown commercial properties that will leave your jaw on the floor, seeing the work of major developers is a big part of why we here at Suzanne Dranow love our jobs. And finding the right properties for clients is something we love even more.
We think it’s worth taking a closer look at some of the top developers in LA, and among them there are very few that are more famous than billionaire developer Rick Caruso. While other developers certainly stand out, including some that are based overseas, Rick has carved out a name for himself thanks to his visions, his commitment, and his energy.
Caruso heads one of the largest companies in the US market, and has a long history in numerous fields. First a lawyer in real estate, he moved on to developing real estate in 1990 and never looked back. Today, he’s involved as a civic leader in the city, serving as Commissioner of the LA Department of Water and Power as well as the President of the Police Commission.
But it is his work in real estate development that helped make him one of the city’s wealthiest residents. With a net worth of around $3 billion, he’s a perfect example of what making smart moves in the city can do for someone.
The key to reaching Caruso-level success is finding the right properties and transforming them into something that can bring in serious profit. Real estate development begins with having a keen eye for good properties with maximum potential, and when you are focused on the luxury properties peppering the LA area you will have no shortage of options.
Caruso continues to make headlines with each deal, and he’s not only a major player in the current marketplace, but someone that today’s real estate developers should look up to and aspire to be like. His success is a unique example, but it helps to show the potential that LA properties really hold and why it makes a tremendous amount of sense to think about purchasing a luxury home or luxury property in the city. It could be an investment that leads to a big profit and sets you on the path to become the next Rick Caruso.