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News release

SAN DIEGO, CA

Jones Lang LaSalle’s Healthcare Experts Examine Local Providers and Offer a Diagnosis

San Diego’s competitive healthcare market should take a dose of strategic planning


SAN DIEGO, Nov. 21, 2013 — According to Jones Lang LaSalle‘s local healthcare real estate specialists, San Diego’s healthcare industry is fit and strong but could use a more thorough examination when it comes to long-term strategic planning and occupancy costs.  The observations are included in a video just released by Jones Lang LaSalle on commercial real estate issues in San Diego. The healthcare video is part of a video series that recaps market performance of the past year in various sectors and provides guidance as to where the industry is heading.

According to commercial real estate broker Paul Braun, Managing Director with Jones Lang LaSalle’s Healthcare Solutions team in San Diego, “We are seeing a transition in that health systems are strategically planning for a much longer period – 20 to even 50 years – and a lot of this is due to the anticipated demand of the Affordable Care Act, aging baby boomers and advances in technology.”

Another trend that Braun sees locally is the acquisition of and alignment with independent physician groups by the large healthcare providers to become more competitive.

With increased demand for services and expanding space needs,  the major health systems – of which San Diego has six, all non-profit – must carefully and strategically address their short-, mid- and long-term real estate needs.

Chris Ross, Vice President, also with Jones Lang LaSalle’s Healthcare Solutions team, states in the video, “Now is a critical time for health care providers of any size to take a close look at their occupancy costs. Acquiring space, leasing, renewing, developing or building all have different impacts.”

Each of the Jones Lang LaSalle videos offers the viewer focused information to better understand local real estate conditions and opportunities. The videos are presented in three main categories that reflect important industry sectors in San Diego – capital markets, healthcare and development - and feature Jones Lang LaSalle brokers in the firm’s local office.

The videos run less than five minutes long and are a personalized way to deliver vital material. The brokers featured are experts in their fields and the information discussed is at the core of what commercial real estate industry professionals need to know.

The healthcare video is located at http://www.joneslanglasalle.com/San-Diego/en-us/Pages/healthcare-insights.aspx.

The complete video series can be found at http://www.joneslanglasalle.com/San-Diego/en-us/Pages/insights.aspx.

JLL is a leader in the San Diego commercial real estate market. The firm employs approximately 165 of the area’s most recognized industry experts offering services in brokerage, capital markets, facility management and project development services.

In 2012, the San Diego team completed 4.58 million square feet in lease transactions, directed $57 million in project management, and currently leases 10.5 million square feet.

For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s global media center Web page http://bit.ly/18P2tkv.

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.7 billion of real estate assets under management. For further information, visit www.jll.com.