Shlomi Ronen Shlomi Ronen is the managing principal and founder of Dekel Capital.

Construction lending slowed down in 2017, but this year, a big construction deal has already closed in Downtown Los Angeles. Urban Offerings and ESI Ventures have secured $122 million in JV equity and bridge lending to develop a 250,000-square-foot creative office property in the fashion district. The project is composed of two properties, a five-story office property located on S. Los Angeles Ave at 8th Street, and the Deardens building, a four-story property located on S. Main Street at 7th Street, which had operated as a department store since the early 1900’s.

“There is some robust demand for both retail and creative office in that part of Downtown Los Angeles,” Shlomi Ronen, managing partner at Dekel Capital, tells “It is in the heart of the fashion district, and there are a lot of fashion tenants that are still in Downtown L.A., and this creative class needs creative office space.” Ronen secured the funding on behalf of the borrowers, along with Malcolm Davies, Principal/Director at George Smith Partners.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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