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.
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Everyone has their dream home and the place they’ve always wanted to live. Whether it’s a small house in the suburbs or a luxury apartment in the city, there is a place you see yourself living or dream to live. For some lucky individuals, it is now possible to live in one of the tallest buildings in the world. For the going price of $18 Million, you can live in the 111 West 57th Street tower in New York City. It will be a tower of luxury and class, offering an oasis for tenants to live.
Although the tower had a few hiccups and obstacles along the way, sales have now begun as it nears completion. The prices for condos are some of the most expensive in the city. To live in the 7,000-square-foot penthouse is priced at $57 million. The prices for the other smaller units, which measure 4,500 square-feet, are beginning at $18 million. Sales have already begun for the tower, but it is clear only a few select people will be able to afford and live in the tower. The units will offer its tenants stunning views from each floor.
The tower stretches 1,428 feet high and will be known as the thinnest skyscraper in the world. The developers of the residence, JDS Development Group, Property Markets Group and Spruce Capital Partners, worked hard to make the new tower as beautiful as possible. They wanted the beautiful views seen from the tower to be just as stunning as the tower itself. The exterior has terra cotta and bronze for a classic design while the units inside will feature white macauba stone floors and 14-foot-high ceilings. In the master bathrooms, residents will find walls and floors finished in veined white onyx.
The amenities do not end with the beautiful interior of the tower. Inside the walls of the tower, residents will quickly learned why pricing begins at $18 million. Tenants lucky enough to live there will have access to a spa with a sauna, steam room, 82-foot lap pool with private cabanas, private dining room, fitness center and so much more. The tower will become the most sought-after real estate in New York City.
If you’re a homeowner, you’re probably like most people and just assume that property taxes are a fact of life. While it’s true that you can’t get out of paying property taxes, understanding more about them can help you benefit from keeping up with them. You may even begin to appreciate what the taxes do for your community.
There are Consequences for Non-Payment
Everyone runs into a little financial trouble from time to time, but falling behind on your property taxes is one thing that you don’t want to do. Depending on the specific tax and the laws in your area, being late with even one payment may subject you to fines and penalties. If you fall too far behind, your home may be foreclosed upon to help the government recoup what you owe.
You Can Use a Credit Card in a Bind
Some states allow homeowners to use credit cards to pay their property taxes. You should check with your state to determine if this is the case, so you’ll have this option in an emergency. However, you should also be aware that states use third-party payment processing companies to do this and those companies often charge a 2-3% fee for each transaction. This is in addition to the interest you’ll be paying your credit card company, which means you could be paying significantly more than you would normally pay.
You Can Claim Property Taxes as Exemptions
When you file your annual income tax returns, the federal government allows you to claim your property tax payments as exemptions. This can mitigate what you owe to the federal government and may even qualify you to receive a refund. However, this requires keeping documentation to prove you made all of your property tax payments on time.
An Escrow Account Makes Paying Taxes Easier
Your mortgage company may provide an option for establishing an escrow account that you pay into with each monthly mortgage payment. You’ll be paying one-twelfth of your property taxes with each payment, so you’ll have all of the money you need by the time your taxes are due. It’s important to ensure that payment is made on time, however. You’ll be held liable for a late payment, even though the lender assumes responsibility for making your payments.
While local and state governments use property taxes to fund a variety of programs, that doesn’t make your obligation any easier to bear. When buying a home, it’s important to get the property assessed for taxes, so you’ll know in advance what you’ll be expected to pay. This can help you determine if you really can afford the home.