Hole-in-one: Rick Caruso goes from mall to mulligan with Lake Sherwood golf course buy

Rick Caruso is teeing off a new chapter in his real estate career with his latest purchase in the Greater Los Angeles area.  The developer and one-time mayoral candidate, through his Caruso company, acquired the 18-hole Sherwood Lake Club in Lake Sherwood, L.A. Material reported. The deal “came together very quickly” after the 2025 death of previous owner David Murdock, former CEO of Dole Food, Caruso told the publication.  “It was offered to me on a Friday afternoon, and we signed the paperwork on Tuesday,” Caruso recounted. Terms of the deal, including price, were not disclosed.  The property spans 18 […]This article originally appeared on The Real Deal. Click here to read the full story.