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:
Check out my Patch article where I discuss making a profit in commercial real estate.
“There is such a stigma attached to real estate investing in today’s economy. Despite all the guidance offered up by expert investors and countless success stories, many individuals are cautious about even getting their feet wet in commercial real estate investing…”
You can find the full article here .
Last year, in San Fransisco, 60% of real estate was leased by tech companies. In New York City, the cab industry has declined in the wake of Uber. Chattanooga, Tennessee has witnessed a huge shift from manufacturing jobs to technology jobs in the past few years. What do all of these cities have in common? They all stand to be reinvented by the powerful technology industry that’s reshaping cities all across the world.
Certain cities like San Francisco and New York City have been more desirable, historically, to tech giants. They offer urban amenities and a diverse cultural landscape. But a city like Chattanooga, TN, is a new player to the game, thanks to the installation of the city’s new, high speed fiber-optic network. The network runs ten times faster than a traditional broadband service and has attracted companies of all sizes to make their home in the southern state.
An influx of technology jobs can often lead to disruptions, like a lack of housing, or a decline in specific industry-related jobs. But despite these disturbances, many cities continue to embrace the startup industry. Why? To start, the tech sector brings more than an innovative spirit; it forces a city to reassess its existing structures and allows for positive growth.
Many cities like Silicon Valley and San Francisco have already reinvented themselves to adapt to the changing economic and social aspects that the new industries bring. Here are three ideas that all cities can implement to become stronger, more vibrant communities.
Build better schools
Far too often, schools are designated as poor investments in a city’s health. And while providing schools with extra resources may not yield immediate results, the future benefits far outweigh the initial investment. School’s act as the pipeline for a city’s future growth and success. Students who receive an outstanding education are more likely to attend college, work in the area, and give back the community that initially supported them.
Higher education is also a critical component in a city’s adaptability. In Durham, NC, where the tech sector has increasingly grown in the last five years, Duke University continues to evolve with the transformation. The University has invested in a new program in Innovation and Entrepreneurship. This new major prepares students with the technical skills and creative practices needed to succeed in the tech industry. Schools like Duke, who collaborate with the local tech industry are excellent pipelines, providing recent grads with jobs in the local area.
Create mixed-use developments
Cities are moving beyond the single-use development of the past and embracing the idea of inclusive amenities. Menlo Park, CA has recently started construction on a new project, the Menlo Gateway, that will host numerous office buildings, a luxury hotel, and a large gym. By planning collaborative projects like Menlo Gateway, the development stands to attract more tenants and community members, making the site an asset to local businesses and individuals.
Prioritize Transit-Oriented Projects
In the same vein as the mixed-use developments, cities that emphasize ease of mobility stand to be more successful in the future. Many urban-dwelling millennials are ditching cars and relying on mass transportation. This benefits cities in multiple ways. The city can invest in better public transportation, creating more jobs. The shift is also a huge investment in sustainability. Cities that prioritize infrastructure will be able to retain large companies while regulating the ease of travel for all residents.
A city capable of hosting and growing with the world’s largest industry stands to benefit the most economically, socially, and culturally. These ideas not only benefit a city’s ability to keep pace with the tech sector, but they elevate the standard of living for all residents.