LOS ANGELES, Calif. (March 8, 2017) — Caruso, one of the largest, privately held real estate development and hospitality companies in the U.S., announced today the appointment of Reza Safavi to its Development team as Senior Vice President of Project Management. In his role, Mr. Safavi will be responsible for defining performance expectations and key project areas including; scope, budget, schedule, quality and risk management for multiple projects, including the upcoming developments Rosewood Miramar Beach Montecito and Palisades Village.
“I am pleased to welcome Mr. Safavi to our team at Caruso.” said Corinne Verdery, Executive Vice President, Development at Caruso. “His experience in construction and design has resulted in a unique ability to collaborate with all disciplines of a team, from pre-construction through the completion of the project, to ensure the successful implementation of design intent, constructability and quality control.”
Mr. Safavi joins Caruso from Taslimi Construction, where he worked for 25 years. His recent work has included award-winning projects such as the 240,000 square foot Creative Artists Agency offices; the complete renovation of The Beverly Hilton Hotel; CBRE’s west coast headquarters in downtown Los Angeles; the complete building and interior renovation of the Disney Animation Studios in Burbank; Legendary Entertainment‘s Burbank headquarters consisting of 90,000 square feet of offices, screening rooms, and other facilities; the headquarters for Sony Music in the iconic I.M. Pei office building in Beverly Hills; and the executive headquarters for the Academy of Motion Picture Arts and Sciences in Beverly Hills.
“Caruso is having an unprecedented growth trajectory, which makes it such an exciting time to join the company. This position offers a unique opportunity to project manage a variety of regional properties, in new lines of business, that will elevate the portfolio even further,” said Reza Safavi, Senior Vice President of Project Management, Caruso. “I look forward to working with a world-class team to bring Caruso’s vision to life across street-front retail, hotels, residential and more, in Southern California’s communities.”
This major milestone comes after almost 30 years in business and with the company’s unprecedented growth trajectory, combined with the expansion into new lines of business, the refresh contemporizes the brand to mirror the evolution of the company. The new logo is a representation of CEO and founder Rick Caruso’s signature, in a nod to the brand’s unique approach to best-in-class experiences at Caruso’s award-winning properties, such as The Grove, The Americana at Brand and 8500 Burton Way, to name a few. The signature also pays homage to Caruso as a family business, the legacy of Mr. Caruso, and to the Caruso team’s distinctive and groundbreaking approach to the art of placemaking.
Mr. Safavi earned his Bachelor of Science degree in Building Science, Architecture and Civil Engineering from the University of Southern California and has been an associate member of the American Institute of Architects, as well as a member of the Americana Society of Civil Engineers.
For additional information about Caruso: www.caruso.com
Caruso, formerly known as Caruso Affiliated, is one of the largest, privately held real estate development and hospitality companies in the U.S. All of its properties are distinguished by an unparalleled guest experience and unwavering dedication to serving the local community – transforming them into central gathering places for residents and tourists alike. Two of its marquee properties, The Grove and The Americana at Brand, rank in Shopping Center Today’s list of the top 15 shopping centers around the world, based on sales per square foot, 75% above the industry norm. The Grove also ranks as #2 on Fortune’s 10 highest sales-generating shopping centers in the U.S. list. In addition to The Grove and The Americana at Brand, Caruso develops, owns and operates a growing portfolio of world-class retail, residential, mixed-use, and hospitality assets. Caruso is currently investing more than one billion dollars in new lines of business, including a five-star beach-front resort in Montecito; a mixed-use luxury residential tower in the heart of Los Angeles; and a mixed-use dining, entertainment and retail collection in Pacific Palisades. In early 2016, Caruso opened The Masonic Temple; a nine-story 1929 landmark Art-Deco building that has been meticulously revitalized to become Class A innovative office space and street-front retail in Glendale. For more information, visit www.Caruso.com.