Rick Caruso has promised to set up exactly the same type of 'blind trust' as Donald Trump, which is to say, not actually a blind trust.
As far as we know, he is a beneficiary of the “blind” trust and as such he would continue to profit from anything that affects the value of his real estate holdings.
nine retail centers including the locally famous shopping center The Grove, multiple high-end apartments, a high-rise office building in Glendale, and a beach resort in Montecito. Two more residential developments in L.A. are planned.City Hall must deal with a constant flow of issues that could directly impact the value of Caruso’s or any major real estate developer’s holdings.
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