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.
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:
Capital is a major component of real estate. Lots of people want to invest in real estate, but only a small percentage of those people have the money for it. Sometimes it seems like a person wants to invest and earn money but lacks the money necessary to make that investment in the first place. the solution to this conundrum would be in seeking a grant.
Grants exist for just about anything, even real estate. The trick to getting a grant is knowing where and how to apply. People familiar with college scholarships may recognize the same beats playing out when applying for a real estate grant. Most grants have narrow requirements limiting their possible recipient.
Once a person pours over a real estate investment grant’s requirements, it may soon become apparent that the odds of acceptance are slim. The truth here is that there is no way of being accepted if a person does not submit a request in the first place; this also means that an applicant should apply for every grant he seems suitable for. Anyone interested in real estate grants ought to look into grants focused on the restoration of damaged or condemned real estate or purchase assistance. This search can be aided by searching various grant directories that spell out all that a given grant offers and demands.
When researching grants, the following sites are recommended:
- Grants.gov allows you to search for specific grants through keywords.
- The Department of Housing and Urban Development.
When filling out an application, be sure to pay great attention to every part. Completion and accuracy are the major factors in getting a request fulfilled. It is common practice that a real estate grant provides a “Grant Proposal,” basically asking the applicant what he plans to do with the grant’s fund should he be chosen. Another way of improving the odds of success is for the applicant to highlight their previous involvement and contributions to a community. If the application can be hand-delivered, that is another way an applicant can improve his chances.
While writing grant proposals is relatively easy, it involves a unique format. It would behoove any applicant to ensure that the format is followed but shaky applicants might consider commissioning a writer.
2018 has been a surprising year in the world of real estate. Just as every period in real estate differs, 2018 has been no different. For this reason, real estate agents need to keep an eye on the market to pay attention to any new trends.
Real estate agents with their finger on the pulse of upcoming trends can prepare for changes in the industry before they happen. According to five members of the Forbes Real Estate Council, these following are the trends that have been seen so far this year
Advancements in Tech
New advancements in technology are certainly transforming the world of real estate. Alex Chieng holds that certain companies like Trulia, Zillow, and Redfin are just a few examples of businesses that are successfully incorporating the latest technological advancements to change the face of the industry.
The Popularity of Blockchain
Blockchain is changing the world and the real estate industry is no exception. As Garratt Hasenstab points out, certain blockchain-based apps are already changing how investors, sellers, and buyers interact with one another. Moreover, blockchain technology changes the types of properties investors have interests in. This new world of blockchain welcomes disintermediation, transparency, and unleashed liquidity.
The Return of Co-Ops
In the past few years, the real estate industry has seen a decrease in the number of investors putting money into co-ops. However, according to Elizabeth Ann Stribling, 2018 is seeing a return of the co-ops. Buyers are turning to co-ops as their prices are moderate in comparison to other properties like condos.
The Continued Rise in Home Prices
In the years between 2012 and 2015, the real estate market saw a rise in the price of homes. In today’s market, the price of homes is still rising. As Elliot Bogod points out, the growth in the average price of homes is between 5% and 10% each year in the past few decades.
More Millennials Buying and Renting Homes
The reality of millennials and the real estate market is that more of them are buying homes. According to Susan Tjarksen, this group of buyers makes of a significant number of the rental market for luxury homes.
The retail market is increasingly susceptible to trends. By paying attention to these five trends, real estate agents will be able to better prepare for new shifts in the industry.