May 2, 2016
Caruso Affiliated is known for some of the most famous retail, office, residential and lifestyle destinations, including The Grove (Los Angeles), The Americana at Brand (Glendale), The Commons (Calabasas), and Masonic Temple (Glendale), among others.
Connect Media’s Daniella Soloway spoke with Kloe Colacarro, Caruso Affiliated’s Head of Leasing and upcoming Connect Los Angeles panelist, about what makes Caruso’s projects so successful, the vision for their current development in the Pacific Palisades, and her advice to young professionals in the industry.
Q.You’ve been with Caruso since 2009, working your way up from project manager and general manager to Head of Leasing, reporting directly to Rick Caruso. Moving through different roles in the company, what common thread have you experienced in each and what makes Caruso’s projects so successful?
A. I am extremely fortunate to work for a company with a corporate culture that challenges conventional wisdom, and focuses on every detail and creating unparalleled, one-of-a-kind experiences. At any Caruso property, these are all common threads, and it is what makes us so successful. Whether it is luxury residential, Class-A innovative office space, or our retail destinations, we offer best-in-class design, landscaping, tenant offerings and have great relationships with our guests and the communities we become a part of, and that’s what sets us apart.
Q. You’re working on redeveloping Palisades Village. In a time when many retailers are struggling, although Caruso’s developments have long remained popular, what about this project will separate it from others and ensure its success? Can you share details on the leasing vision?
A. As with any property we build, the mix of merchants needs to reflect the fabric of that community. In Pacific Palisades, we plan to lease to a collection of specialty merchants, some of which will be unique to the Western region, in addition to first to market concepts from contemporary brands. The stores and restaurants will be charming, approachable, diverse, and most importantly, authentic to Palisades Village. Culinary concepts will be a mixture of local talent, as well as renowned chefs putting together concepts specifically catered to the community. We will be bringing back the Bay Theater that used to reside in Pacific Palisades, and we also will have a specialty market within the project.
Q. As a young woman in a high level role at one of most reputable companies in the industry, what advice would you give to women joining the industry now? And to any millennial in the business?
A. My advice would be to use every job and position you have as an opportunity to learn something new. Don’t be afraid to speak up, and never underestimate the power of working hard. I also strongly believe in dressing well and being nice to people, none of which is specific to your age or gender.