Citrus Commons Receives the Los Angeles Business Journal’s Commercial Real Estate Award

SHERMAN OAKS, CA. March 18, 2026

IMT Residential is proud to announce that Citrus Commons has been recognized by the Los Angeles Business Journal’s Commercial Real Estate (CRE) Awards, receiving the Bronze Award for Mixed-Use/ Retail Project of the Year. The recognition highlights the project’s innovative mixed-use design, which incorporates the Historic-Cultural Landmark into a pedestrian-oriented residential and retail village.

The Los Angeles Business Journal’s CRE Awards honor the most significant commercial real estate developments completed in the past year, celebrating excellence in design, innovation, and community impact across Southern California. Citrus Commons reimagines the iconic inverted pyramid structure as the centerpiece of a mixed-use community that integrates the historic architecture with new residences, retail destinations, and public spaces, transforming a former corporate campus into a vibrant and walkable neighborhood.

“Citrus Commons represents what’s possible when thoughtful design, community collaboration, and a respect for history come together,” said Joseph Elhabr, Vice President at IMT Residential. “Being recognized by the Los Angeles Business Journal with the CRE Award underscores our commitment to creating resilient, people‑focused places that enrich the fabric of Los Angeles.”

This honor highlights how Citrus Commons serves as a case study in innovative mixed-use redevelopment. Its design concept and integration of historic architecture and public space illustrate the project’s role in setting the standard for development in Southern California.

About IMT Residential

IMT Residential is a Los Angeles–based privately held full-service operator of multi-family residential communities. The company currently manages over 18,000 residential units in 55+ communities across nine U.S. states. Founded in 1992, IMT Residential has been recognized on the lists of Top 50 multifamily firms nationally by the National Multi-Housing Council (NMHC) and Multi-Family Executive Magazine and is also recognized by the United States Green Building Council for their LEED for Homes construction projects. Additional information on IMT Residential can be found at imtResidential.com.