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:
There is no doubt that technology has already had a significant impact on the world of real estate. From online listings to 360-degree virtual tours to the ability to digitally upload and sign documents, technology has made it easier than ever to find, show and purchase a home. But all of that is just the tip of the iceberg. The real estate industry and the mortgage industry are generally thought of as two separate industries, but they are also inextricably linked to each other. Without one, the other doesn’t exist, so major changes in one industry lead to major changes in the other.
As it stands right now, even the fairly rapid sale of a home may still take a month or more to complete and generates several thousands of dollars in fees. There is an ocean of documentation and paperwork that must be compiled by various parties, with numerous checks and inspections conducted. The larger, more complex or expensive the property, the longer it generally takes. Of course, a cash sale makes the process faster and smoother, but realistically, cash sales are generally few and far between.
Up until now, most homebuyers have been okay with the sloth’s pace of buying a home. In some ways, they may even value the enormity of the process because of the enormity of the purchase. But Millennials, who have largely grown up using technology, are used to moving at a much faster pace and expect services to speed up as well. Thankfully, technology is emerging that will meet their demands. With secure document storage, lenders are able to do soft pulls on credit now to quickly offer terms without impacting the borrower’s credit score.
Instead of having to gather and fax mountains of documents, borrowers can simply access the majority of documents online and forward them to the lender, where they can also be quickly processed. With digital signatures, they don’t even have to make a visit to the bank. Funds can also be transferred digitally, which means closings may soon be a thing of the past as well. Agents can simply meet with their clients at a bar or restaurant to have a celebratory drink or dinner. With smart features in homes on the rise, they won’t even have to transfer keys, they’ll just get an electronic code to the front door.
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.