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HFF (commercial real estate)

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HFF, Inc.
Company typeJoint-stock company
IndustryCommercial real estate
Founded1998; 26 years ago (1998)
DefunctJuly 1, 2019; 5 years ago (2019-07-01)
FateAcquired by JLL
HeadquartersOne Victory Park, Dallas, Texas
RevenueIncrease $662 million (2018)
Decrease $95 million (2018)
Increase $116 million (2018)
Total assetsDecrease $858 million (2018)
Total equityIncrease $351 million (2018)
Number of employees
1,074 (2018)
Footnotes / references
[1]

HFF, Inc. was a provider of capital markets and brokerage services to owners of commercial real estate. In 2019, the company was acquired by JLL.

History

[edit]

In 1974, John Fowler and Peter Goedecke founded Fowler, Goedeneke & Company. In 1982, Holliday Fenoglio & Co was founded by Harold E. (Hal) Holliday and John Fenoglio.[2]

In 1994, Amresco acquired Holliday Fenoglio Dockerty & Gibson.[3] In 1998, Amresco acquired Fowler, Goedecke, Ellis & O'Connor Inc. and merged the two companies to form Holliday Fenoglio Fowler L.P.[4] In 1999, the company was sold to Lendlease for $228 million.[5][6]

In 2007, it became a public company via an initial public offering that raised $257 million.[7][8][9] In 2012, founders Holliday and Fenoglio went to work for CBRE.[10] In July 2019, JLL acquired the company for $1.8 billion.[11][12]

References

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  1. ^ "HFF, Inc. 2018 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ "HFF". The Real Deal.
  3. ^ "Amresco plans to buy commercial loan firm". American Banker. August 10, 1994.
  4. ^ "Amresco acquires Boston banking firm". American City Business Journals. January 28, 1998.
  5. ^ Cook, Lynn J. (December 26, 1999). "Holliday Fenoglio Fowler sold to U.S. Lend Lease subsidiary". American City Business Journals.
  6. ^ "Holliday Fenoglio Fowler Completes Management Buy-Out From Lend Lease Real Estate Investments, Inc" (Press release). Business Wire. June 18, 2003.
  7. ^ "HFF Announces Pricing of Initial Public Offering" (Press release). Business Wire. January 31, 2007.
  8. ^ "HFF IPO raises $257 mln, above range". Reuters. January 30, 2007.
  9. ^ "HFF, INC. (HF) IPO". NASDAQ.
  10. ^ "CBRE Hires HFF Founders to Head its Debt and Equity Finance Services in Southwest". National Real Estate Investor. March 26, 2012.
  11. ^ Ecker, Danny (19 March 2019). "JLL to buy brokerage HFF in $2 billion deal". Crain's Chicago Business. Retrieved April 26, 2019.
  12. ^ Carlock, Catherine (2 July 2019). "JLL closes $1.8B acquisition of rival HFF". Boston Business Journal. Retrieved July 11, 2019.
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