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:

Apartment Hunting Tips

Apartment Hunting Tips

If you need to rent an apartment, there’s a good chance that you have a lot of options. You can pretty much find whatever you want, but there’s a lot that you should consider in the process. The tips below can help to ensure your apartment search is efficient.

Determine Your Budget in Advance
Before jumping into your apartment search, it’s essential to establish a clear budget. It doesn’t make sense to look at apartments that you cannot afford. You also don’t want to move into a space that’s too expensive. Along with the cost of the rent itself, you will likely have to pay additional upfront costs, such as a security deposit that could be equal to the first month’s rent.

Make Safety a Top Priority
Safety should be a priority when you’re looking for a place to live. If you aren’t familiar with the area, you can ask questions when meeting with the owner or property manager. You can also go online to look at crime statistics in the area and check it out at night with a quick drive-by.

Check Out Online Reviews
There’s a good chance that you can find reviews online from prior tenants that can help you make a decision. Perhaps the apartment is vacant due to a reason that should concern you. Former tenants are typically honest about their experience, so you’ll want to take the time to see what others have to say. If there are many bad experiences shared, you’ll probably want to move on.

Take Your Time During the Walkthrough
To fully assess the apartment, make sure you pay close attention during the walkthrough. You should especially notice the cleanliness of the apartment and ask about any issues with insects. From a practical point-of-view, make sure there’s plenty of room for storage to accommodate your belongings. On the day of your walkthrough, be sure to make an excellent first impression by arriving on time and dressing appropriately.

These apartment hunting tips can help you find an apartment that you love and keep you from having a nightmare experience. It’s best to take your time so that you don’t have any surprises down the road.

 

Why Cities Are Hitting the Breaks on Speeding

Why Cities Are Hitting the Breaks on Speeding

U.S. cities have been taking a closer look at traffic within their city limits. Many have increasingly opted to lower speed limits in order to improve safety. The reason behind these changes may be an increase in safety, but there’s more to this movement than just fewer accidents. Let’s take a look at a few ways slower cities are benefiting. 

#1 Safety
Without a doubt imposing lower speed limits results in decreased traffic-related accident rates. In fact, in New York City areas where Neighborhood Slow Zones have been implemented there has been a 14% reduction in crashes with injuries and 31% reduction in vehicles injuries. In urban areas where micromobility has become widespread, the need for safety measures is essential. After an unusually high number of cyclists’ deaths New York City, Mayor Bill de Blasio doubled down on his Vision Zero plan and increased funding for city transportation workers and infrastructure improvements for cyclists.

#2 Traffic
Urban areas are often known for having congested streets filled with honking cars and irritated drivers. Recent emphasis on sustainable practices and the environmental crisis have led to an explosion of micromobility devices such as electric scooters. They provide an easily accessible alternative mode of transportation. Segways, electric scooters, and bike-share programs have been popping up in urban areas and could serve as a solution to the congestion and traffic jams that many urban areas experience. Slower speed limits make it safer for these types of transportation users and make them a more viable long-term solution. According to the World Resources Institute, lowering speed limits has the potential to reduce congestion because it can reduce the likelihood of bottlenecks. In Sao Paulo, lower speed limits on major arterials reduced congestion by 10%. That might not seem like much, but if you’re a commuter in an urban area, every little bit helps.

# 3 Healthier Cities
It only makes sense that lower speed limits would make individuals more comfortable getting out and being active in their neighborhoods. Making cities safer for pedestrians and bicyclists means more people will be inclined to participate in these activities which promote physical and mental health. The U.S. could save $5.6 billion in health care costs if one in ten adults started walking regularly. Not to mention more people opting to walk rather than drive would reduce emissions which can adversely affect health. 

#4 Vibrant Economies
When streets are move inviting for pedestrians and cyclists, they tend to do better economically than streets with lots of fast-moving traffic. People on foot are more likely to stop into shops and restaurants than those driving by at high speeds. Slower speed limits boost real estate values and local economies benefit. In San Francisco, nearly 60 percent of retailers reported increased spending by local people, and nearly 40 percent reported an overall increase in sales and Kensington Street in London’s saw a 13 percent increase in the price of apartments when safety and design improvements were made to the streetscape, and estimates that better shopping access for pedestrians will generate millions of pounds in increased retail spending.

Conclusion
Reducing speed limits in urban areas can have many positive side effects that benefit the community at large. Maybe it’s time for us all to slow down a bit and prioritize safety and environmental concerns – it just may be financially prudent.