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Breaking: Caruso Gets First Buy-Out for Americana

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More details to come, but Caruso Affiliated and Glendale building owner Henry David announced today that they have reached an agreement for Caruso to buy David's 7,500-square-foot building near Americana at Brand. UPDATE: Address is 230 S. Orange St. Both David and Golden Key Hotel owner Ray Patel were offered buy-outs from Caruso, so the developer can expand his shopping mall. Patel rejected Caruso's offer, but apparently David felt just fine taking Caruso's money. Or he didn't want to go through the grueling eminent domain process. The financial arrangements weren't immediately disclosed. Details to follow later day...

The Americana at Brand

889 Americana Way., Glendale, CA 91210