David Taran

Real Estate Professional & Perpetual Optimist

About David

David Taran is a firm believer in pursuing a diverse and balanced life. As the co-founder of Sunstar Capital, David brings more than 26 years of experience that includes many different aspects of the investment process including negotiation, acquisition, finances, development, redevelopment, construction, and investment and property management.

Sunstar Capital is a recently launched commercial real estate company focused on high-growth markets in the Western United States. The venture utilizes the merging of several seasoned professionals, including co-founder, Mark Skeen.

Background

Prior to his work at Sunstar, David was the founder of Divco West Properties, and also worked as a managing partner at his family’s manufacturing and retailing business. This venture, which operated on a global scale, gave him a perfect place to hone his diverse skill set that he continues to use today. As a partner, he worked on capital investments, strategic and financial planning, sales, real estate acquisitions, real estate negotiation, and currency trading and management.

David Taran also worked as a practicing attorney at Graham & James in Los Angeles. There, he specialized in Tax, Corporate, and Real Estate law. David holds a DEC degree from McGill University, an L.L.L degree from the University of Ottawa, a J.D. degree from Columbia University, and a Masters in Tax Law from New York University.

Throughout the span of his career, David has acquired $2.3 billion in real estate, which includes over 700 acres of land, 1,800 multi-family residential units, 449 hotel rooms, and 13.8 million square feet of buildings. David’s successful record is a testament to his diverse and balanced portfolio. David credits his rich portfolio to his earlier roles in as a managing partner and practicing attorney.

Meaningful, Mindful and Balanced

On a personal level, David is an advocate for creating a balanced, meaningful life. Despite his success, David upholds that a life filled with meaning and intent is far more enjoyable than a profitable one. To this end, he continues to support Project Happiness, a thriving non-profit started by his wife, Randy. Project Happiness is dedicated to providing the tools and resources needed for individuals to live an empowered, happier life.

David is proud to support the organization and serves on the board of directors. As a board member, David brings his unique experience and skill set to the table in an advisory capacity. His personal interest in the organization's mission combined with his professional knowledge makes him an invaluable member of the board and his local community.

David's continued passion for promoting greater happiness and meaning in everyday life continues to launch his career and leadership skills in exciting directions.

Connect with David

Recent Blog Posts from David:

Making Your House “Home, Sweet, Home”

Making Your House “Home, Sweet, Home”

Your home should be your sanctuary. It should be the place you want to go in order to unwind and relax after a stressful day. A home is much more than a roof and four walls, but it takes work in order for that transition to take place. When done successfully, the care that goes into changing it can mean the difference between a “house” and a “home”. 

Tips for Downsizing Your Home

Tips for Downsizing Your Home

How do you strike a balance between hanging on to items you’ve had forever and still not living in a chaotic clutter? In an always busy society, many people are looking for ways to simplify their day to day lives. One way to do that is to downsize your home. Here are some quick tips on how to make that happen.

1-Identify Your Motivation
Before you begin this process, it’s important to find your “why.” Why are you downsizing? Is it because of relocation? Perhaps you’re simply looking to declutter your home. Maybe you are planning a remodel. Identifying the Motivation behind your mission to downsize will help you to move forward. If you’re moving into a considerably smaller space, you need to prepare to part with some large items that take up a lot of space in your current dwelling. If you’re looking to simplify and declutter, you may want to start with bookshelves and drawers, which often become overcrowded hodgepodges of items. Find your reason for what you are doing.

2-Make a Plan
If you’re living alone, living with a significant other, or have a large family, it’s crucial to get everybody on the same page when it comes to downsizing. No matter how many people are involved, you must sit down together and make a plan that works for everyone involved. Make your plan, and then be prepared to stick to it. Downsizing is a significant, stress-inducing job; having a plan will reduce that stress and ensure that the task gets completed.

3-Repurpose, Repurpose, Repurpose
There will be some things in your home that you cannot get yourself to part with. People have sentimental attachments to things that may not matter to others. Your effort to downsize does not mean that you have to get rid of everything that matters to you. It’s highly recommended that you find ways to repurpose things that you want to keep if you don’t have the space to continue to use them in their original fashion. For example, if you’re a coffee cup collector but are quickly running out of space in your cupboard, use some of those cups to organize office supplies.

Your downsizing mission is ultimately up to you and the people in your home. These are some quick tips that may make it easier and less stressful for you.

 

Choosing a Listing Agent

Choosing a Listing Agent

A listing agent contributes significantly to the success or failure of a home sale. The real estate industry is continuously growing; there are several different agents in every town or city. Talking to these agents is the best way for a seller to get to know them and their professional capabilities. Agents will answer questions and give simple advice to a seller looking for a listing agent.

Questions to Ask

A seller should always ask questions and speak on their concerns when they’re meeting with different listing agents.

Here are some suggested questions to ask:

  • What is your geographical area of expertise? A listing agent should have expert knowledge in the geographic area where the potential listing is. An agent more familiar with the area will typically be able to market the home better.
  • What is your suggested listing price? An agent can only give a suggested listing price which may or may not be accurate. An accurate price would come from an appraiser. An agent that knows the area will be able to give an estimate based on recently sold homes in the area. It’s essential to get suggested listing prices from a few different agents to make sure they’re around the same price. If one agent gives a much higher price, it’s most likely inaccurate.
  • How will you market the home? This is a critical question. The marketing plan will determine how many potential buyers will see the house. An agent with access to more marketing tools could potentially sell the home faster and get a better price for it.
  • What is your fee? Commission fees are usually done by percentages, and they range from high to low. Often, the fee is based on what the agent offers. Agents with a higher fee may include more marketing techniques than an agent with a lower fee. In some cases, an agent may negotiate their commission, but it’s unlikely.

One of the most common mistakes made while choosing an agent is picking the agent that suggests the highest sale price or has the lowest commission. The price may be too high to sell, and the lower commission might mean the agent offers fewer services than another. 

It’s important to consider your listing agent carefully and do your research to ensure the best choice when selling your home. It never hurts to ask friends and neighbors for recommendations on agents they’ve worked with in the past. At least that way, you’ll have some first hand knowledge of any shortcomings or potential perks of a particular agent.