OWNER, PRESIDENT, OLEN PROPERTIES
WHY: OC’s second-biggest property owner, with nearly 8M-square-foot commercial portfolio. Second wealthiest person in OC, with estimated fortune topping $6B. Bulk of office holdings local, while apartments mostly out of state.
RECENT: Told the Business Journal this summer that occupancy rates for his buildings remain up year-over-year, in the 95% range. “My bet to stay in mostly lowrise and multi-tenant flex projects is paying off big dividends,” he said. “People are downsizing or moving out of the new high-end office towers.”
NOTABLE: Worked for Motown’s Berry Gordy.
