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Forecast event provides insight on trends predicted to impact the Philadelphia region in 2013 and beyond.
Jones Lang LaSalle held its’ Second Annual Philadelphia Market Forecast event on Wednesday, October 10, 2012 at The Franklin Institute. The event was a great success with over 350 professionals attending informative program and networking reception. The Forecast was held in Franklin Hall under the stately presence of one of Philadelphia’s first and most famous visionaries. The Franklin Institute provided an ideal setting for the distinguished speakers and panelists to discuss innovation, real estate market trends and forward-looking insights.
Following a welcome from Philadelphia Market Director Mike McCurdy and a global outlook from Jones Lang LaSalle CEO Colin Dyer, Managing Director Ron Cariola moderated a roundtable discussion. Panelists included Christian Bigsby from GlaxoSmithKline, Jerry Sweeney from Brandywine Realty Trust, Ward Fitzgerald from Exeter Property Group and John Sikaitis from Jones Lang LaSalle. The roundtable experts provided their perspectives on industry, technology, shifts in investor interests and other and future trends expected to impact the real estate industry.
The roundtable discussed significant such as Lehigh Valley’s industrial market, rising trophy rental rates in the CBD, core asset pricing, and multifamily conversions and ground-up development, with the latter trend being voted as the most dominant trend of 2012 — an outcome vetted by both the panel and a live poll with the audience.
To cap things off, Jay Wright, Head Coach of Villanova Men’s Basketball wowed the audience with his inspiring speech on how a commitment to core values leads to success on and off the court.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47 billion of assets under management. For further information, please visit www.us.joneslanglasalle.com.