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David Taran

Real Estate Professional & Perpetual Optimist

About David

David Taran is a firm believer in pursuing a diverse and balanced life. David is a licensed real estate broker in the state of California and a practicing lawyer for California, New York, Florida, and Quebec. 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:

Reconsidering Investment Strategies For 2019

Reconsidering Investment Strategies For 2019

There are a lot of questions about what the economic climate will look like throughout 2019. Between the longest federal shutdown in American history, a potential trade war with China, and concerns about the chance of a recession, the future is certainly uncertain. And while real estate investments generally plummet as interest rates rise, that doesn’t mean that 2019 isn’t a good year for those looking to put their money in the market. While America’s short term financial may be uncertain, global growth is forecasted to be strong. That, combined with a level of homeostasis between supply and demand should lead to a stable or even growing market. But that doesn’t mean that all investments are created equally.

Multi-Family Housing is In

Traditional home development may be weathering a storm, but there’s always going to be a demand for housing. Apartment investments should hold strong throughout this year and beyond, and that should continue to be the case even if America is forced to deal with a recession. Economic downturns depress homeownership and result in a flood towards rentals, and that could be a boon for investors. Regardless, apartments continue to be a sound investment in practically any market, and they’re a great go-to in times of uncertainty.

As Are Industrial Developments

The e-commerce revolution doesn’t show any signs of stopping soon, and that means that warehouses and data centers continue to be in high demand. Just be sure to watch the economic situation closely. An active trade war with China could cause e-commerce retailers to take a more conservative approach to growth and cause a slowdown in the industrial market.

But Traditional Retail is More Uncertain

E-commerce has yet to spell the death of the brick and mortar retail sector, and there are signs that this brand of real estate could actually be making a comeback. Many e-commerce retailers have showed interest in expanding their visibility by opening physical locations, and there’s a promising trend of developing mixed use developments that produce their value by offering experiences rather than simply being places to make a purchase. But potential investors should be cautious when pursuing retail opportunities, since they’re likely going to be one of the first casualties in the case of substantial economic upheaval.

Mortgage Rates Are Rising

Mortgage Rates Are Rising

The real estate market is fickle and always changing. It’s hard for borrowers to narrow down the perfect time to buy a new home and take the plunge. From year to year, the market goes through ups and downs. As it turns out, today’s mortgage rates of the real estate market are rising and show no sign of slowing down. New data released from Realtor.com, which collected mortgage rates from September 2017 and September 2018, has shown the month to month rise in mortgages across the country.   

Reported by Realtor.com, since last year the average U.S. monthly mortgage payment has increased 15.8%, which is about $223 per month. The increase was shown from a month to month rate. Across the country, each market was different but still showed a rise in their mortgage rates. Larger cities such as New York City and Seattle took the hardest hit in monthly mortgages. New York City showed $545 increase in their monthly mortgages and Seattle followed with $533 increase. Some cities had smaller increases in monthly mortgage that were not as significant. For example, the Tampa-St. Petersburg area only saw a $94 increase in monthly payments.

With no signs of mortgage rates slowing down, many wonder the impact this will have on borrowers. Those with lower monthly income and lower down payments will be most impacted by the obvious increase. As the prices rise, more people are keeping an eye on the real estate market. It’s important to realize that borrowers that are close to qualifying of qualifying will now need additional annual income to secure a mortgage. Some people will now have to settle for smaller homes and settle for what is more affordable. Properties that were once available to them are now far out of their reach.

Due to the increase in mortgage rates, many people have stepped back from buying homes. Most experts would advise against this and encourage everyone looking for a new home to continue their search. Borrowers should understand that the rates will continue to increase and are advised to start looking now. Although the mortgage rates continue to rise, it’s important to take advantage of the rates today because they could be even higher next year.