Welcome!

News Feed Item

JLL Acquires Healthcare Project Management Leader CLEO Construction Management

Acquisition Meets Growing Needs of Healthcare Facilities With Expanded, Specialized Real Estate Services in West

CHICAGO, IL and LOS ANGELES, CA -- (Marketwired) -- 07/14/14 -- As owners of healthcare facilities increasingly pursue expansions and renovations to meet the growth demands of their patient communities, JLL (NYSE: JLL) is expanding its healthcare-focused real estate services by acquiring CLEO Construction Management (CLEO), a prominent construction project management services firm that specializes in medical facilities. The transaction will enable JLL, already a leading provider of comprehensive facility management, advisory and project development services for medical properties, to provide a broader range of services to healthcare organizations and meet the growing needs of this real estate sector. The acquisition is scheduled to close later this month, subject to customary closing conditions.

Founded by principals Jeff and Tim Fyffe, Orange County, Calif.-based CLEO is a recognized leader in serving as owners' representatives to provide fully integrated solutions, including coordination, planning and construction project management, for complex healthcare projects.

"CLEO is a powerful fit with JLL due to its deep expertise in construction project management for medical facilities, its commitment to integrity and innovation, and its strong relationships with healthcare organizations," said Peter Belisle, Market Director for JLL's Southwest Region. "Adding the talented professionals from CLEO to JLL's national team of specialized real estate healthcare professionals makes the firm uniquely qualified to provide the highly technical skills that healthcare and life science properties require."

"Many of the health systems we serve are seeking more comprehensive outsourcing services from their real estate partners," said Jeff Fyffe, principal of CLEO. "Joining JLL allows our team to expand our established services, which we built based on high standards and individualized solutions, as part of a global company."

A total of 13 people from CLEO will become a part of JLL, with Jeff and Tim Fyffe joining JLL as senior vice presidents. They will report to Carlos Serra, Managing Director for the Southwest Project and Development Services (PDS) Group. The PDS group, an industry leader in the management of design, construction and relocation services for a wide range of projects from interior build-outs to multi-site developments, manages more than 12,000 projects annually, including $12 billion in projects currently under management.

They will partner with JLL's Healthcare Solutions group, which delivers comprehensive inpatient and ambulatory facility management, strategic consulting, real estate capital advisory, program management, property management, transaction services, lease administration and energy/sustainability advisory services to hospitals and healthcare systems throughout the nation. On the West Coast, JLL's healthcare business, which is led by Managing Director Jason Clark, has been expanding its services platform, and recently hired veteran healthcare brokers Paul Braun and Chris Ross to provide healthcare leasing, investment sales and occupier services in San Diego.

"Hospitals seek to reduce costs and risk in their operations and capital projects while, at the same time, increase performance and quality," said Clark. "This is particularly true in California, where growing activity in the healthcare sector requires the best talent, like our colleagues from CLEO, who can help manage the ebbs and flows of both routine and strategic capital projects with a deep understanding of the unique regulatory requirements in the state."

For more news, videos and research resources on Jones Lang LaSalle, please visit the firm's U.S. media center Web page. Bookmark it here: http://www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/News.aspx

About CLEO

CLEO Enterprises, LLC, which does business as CLEO Construction Management, is a full-service owners' representative and construction project management firm that provides healthcare and institutional clients a wide range of services from project conception to successful completion for diverse project types including in-patient, out-patient and life science/biotech facilities. More than 90 percent of CLEO's business is derived from repeat and personal referrals, reflecting the firm's commitment to client satisfaction. Services are customized to meet each client's specific needs with effective leadership to establish and maintain long-term relationships with clients, consultants and contractors built on performance and trust.

About JLL

JLL (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 fee revenue of $4 billion, JLL has more than 200 corporate offices and operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $48.0 billion of real estate assets under management. JLL is the brand name of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2638359
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2638362
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2638365

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera M...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...