50.9 F
Laguna Hills
Wednesday, Dec 7, 2022
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MO HONARKAR

FOUNDER, CEO, 4G VENTURES

WHY: Iranian immigrant built, sold local cellphone store chain; now the largest private real estate owner in longtime hometown of Laguna Beach. Estimated wealth of $500M.

RECENT: Massive redevelopment of collection of city properties in entitlement stages. $1B project would include mix of new and redeveloped boutique hotels, hotel casitas, apartments, art and education-related space and other commercial projects.

NOTABLE: Plans extensive renovation for iconic Hotel Laguna, which will add a pool, rooftop bar and casitas.

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