Los Angeles, January 25, 2007 - The Grove "springs" into high gear and ups its fashion quotient this season with the announcement of five new retailers to complement its existing roster of popular, upscale tenants. Michael Kors, BARNEYS NEW YORK CO-OP, Fresh, Davante and Kiehl’s will help usher in the new spring season with the forward flair and modern merchandising approach that has come to be The Grove's signature.

The Grove brings exclusive fashion retailers Michael Kors and BARNEYS NEW YORK CO-OP to Los Angeles in their first free-standing locations, each designed with a distinctive style destined to capture the imaginations and discerning tastes of The Grove's savvy shopper.

"Attracting top fashion retailers to launch new platforms in Los Angeles is part of our program to consistently provide customers with innovative shops and boutiques that represent the cutting edge of fashion," said Todd M. Russell, Sr. Vice President of Leasing and Marketing for Caruso Affiliated, owners of The Grove. "Keeping pace with ever-changing fashion tastes and trends and continually refining our retail mix ensures that we are creating a dynamic experience for visitors to The Grove."

Leading fashion designer MICHAEL KORS will open its first Los Angeles lifestyle store in April. Kors brings his vision of jet-set luxury to this new 2,000 square- foot boutique, featuring clothing, accessories and footwear from the full range of is collections - Michael Kors, KORS Michael Kors and MICHAEL Michael Kors.

BARNEYS NEW YORK CO-OP will debut in March in a 10,000 square-foot store on Bow Street, across from The Whisper Lounge. It will include hip casual apparel from the hottest designers and a selection of the most sought-after denim lines. Clothing, shoes and accessories will feature Helmut Lang, 3.1 Phillip Lim, Daryl K-19 and Guillaume Hinfray. Men's lines will include A.P.C., Raf by Raf Simons, Rag & Bone and McQ by Alexander McQueen.

Opening at The Grove in April adjacent to NORDSTROM, FRESH offers the ultimate in luxury bath and beauty products. Whether it is skincare, makeup, fragrance, hair care, body care or products for the home, Fresh is a destination of choice for everything needed to pamper the body and sooth the mind. Building on the cultural foundations of the past and utilizing the evolving research and technology of the present, Fresh creates the future traditions of beauty.

Located next to Tracy Allen Fine Jewelry, DAVANTE features couture eyewear collections for sun and shade, work and play, combined with the highest level of personal service. Brand names include Giorgio Armani, Bvlgari, Cartier, Roberto Cavalli, Chanel, Dior, Dolce & Gabbana, Gucci, Marc Jacobs, Prada, Versace and many others.

SINCE 1851 KIEHL'S has maintained its reputation for high quality skin and hair care products for the entire family that include a line of mild baby care formulas, iconic shaving products for men, and even shampoos for horses and dogs. Perennially popular items include Lip Balm #1, Kiehl's Dermatologist Solutions and the cult favorite Ultra Facial Moisturizer.

"The Grove has always distinguished itself in the competitive L.A. market by bringing new retailers to the area and attracting signature flagship stores as well as one-of-a-kind boutiques," added Rick J. Caruso, founder and CEO of Caruso Affiliated. "This strategy has made us an overwhelming favorite for our customers and one of the top revenue generators for retailers in the nation."

Celebrating its one-year anniversary in its first West Coast location at The Grove is the popular American Girl Place. American Girl's complete line of historic and contemporary dolls has a devoted following of girls and their families, and The Grove location is drawing those fans from across the U.S. and around the world. They can take in a performance at The American Girl Theatre, dine with their family and their dolls at The American Girl Café, browse the bookstore and visit the Doll Hair Salon.

The Grove, developed by Caruso Affiliated, is Los Angeles' coolest "hot spot", with scores of celebrities per square foot. A well-established icon in the L.A. vocabulary, The Grove drew more than 18 million visitors last year.

Caruso Affiliated is known for creating innovative open-air retail environments that serve as local gathering places. The Caruso style has become a recognized brand within the retail industry as well as with Southern California residents and visitors. The success of the company's stylish and elegant outdoor places where people can gather, shop and be entertained has challenged the traditional "mall" concept and set a new standard in the industry. A recognized leader in this trend, Caruso Affiliated's growth is approximately two times that of the largest publicly traded REITs and sales per square foot at Caruso properties are 40 percent higher than industry averages.

Last year the company broke ground on its latest addition, The Americana at Brand in Glendale, Calif. Other projects in development include the Shops at Santa Anita (at historic Santa Anita Racetrack in Arcadia), and The Village at Playa Vista (Marina del Rey). The company's portfolio of top performing centers includes The Grove in West Los Angeles, The Waterside at Marina del Rey, The Promenade at Westlake, The Lakes and Village at Moorpark in Thousand Oaks, The Commons at Calabasas and Encino Marketplace.