CARUSO FILES SUIT AGAINST GENERAL GROWTH DEVELOPER ALLEGES INTIMIDATION, THREATS.Byline: Naush Boghossian Staff Writer GLENDALE - Town Center developer Rick Caruso filed suit Friday, alleging that owners of the rival Glendale Galleria The Glendale Galleria is a large 3 story regional shopping mall located in Glendale, Los Angeles County, California. It is the second largest mall in Los Angeles County. It is located in Downtown Glendale. violated vi·o·late tr.v. vi·o·lat·ed, vi·o·lat·ing, vi·o·lates 1. To break or disregard (a law or promise, for example). 2. To assault (a person) sexually. 3. anti-trust laws in their dealings with him. In his petition, Caruso claims General Growth executives tried to force his company to partner with them and divide tenants between the Galleria and Caruso's planned outdoor shopping and dining complex - in violation of fair business practices. ``We have clear evidence that General Growth has engaged in a pattern of anti-competitive behavior at the highest levels, including the president of the company,'' Caruso said Friday. General Growth Properties General Growth Properties (NYSE: GGP) is a publicly traded real estate investment trust in the United States. It is based in Chicago, Illinois. History The company was founded by two brothers, Martin and Matthew Bucksbaum, in 1954. officials flatly denied all the suit's allegations. ``We have not seen the lawsuit lawsuit: see procedure; tort. and can't comment on something we haven't seen, but we vehemently deny any allegations of wrongdoing wrong·do·er n. One who does wrong, especially morally or ethically. wrong do ,'' said Arthur Sohikian, a spokesman for General
Growth.
The suit, filed in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Superior Court, also claims that once Caruso refused to join General Growth's plan, the mall owner tried to ``kill'' the Town Center project. The petition, which seeks at least $40 million in damages, further claims that General Growth threatened and ``intimidated'' tenants Caruso has lined up for his Town Center project. Those tenants ``have now expressed reservations about signing binding leases agreeing to rent space in the new Town Center project,'' causing Caruso to be unable to complete lease transactions for retail space, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the court document. Also Friday, the city released its business terms with Caruso for the 15.5-acre project between Central Avenue and Brand Boulevard, south of the Glendale Galleria. The city's redevelopment agency is scheduled to review and consider approving the terms at its Tuesday meeting. Naush Boghossian, (818) 546-3306 naush.boghossian(at)dailynews.com |
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