Commons Developer to Receive Ernst & Young Award

Developer Rick Caruso has won Ernst and Young's 2012 Master Entrepreneur of the Year Award for Greater Los Angeles and will be recognized at a gala on June 19 at the Beverly Hills Hilton.

The CEO of Caruso Affiliated has opened several high-end shopping centers throughout Los Angeles County, including the Grove, the Americana at Brand in Glendale and the

A statement about Caruso on Ernst and Young's website reads: "He's carved his own path and created paths for so many others."

Other recipients of the entrepreneur award include Earvin "Magic" Johnson, Alfred E. Mann, John E. Anderson and James Power, according to the Ventura County Star.

Caruso also served as president of the Los Angeles Police Commission and president of the Los Angeles Department of Water and Power Board of Commissioner, the Star reports.