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
In 1974, John Fowler and Peter Goedecke founded Fowler, Goedecke & 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
- HFF, Inc. 2018 Form 10-K Annual Report U.S. Securities and Exchange Commission^
- HFF The Real Deal^
- Amresco plans to buy commercial loan firm. American Banker, August 10, 1994^
- Amresco acquires Boston banking firm American City Business Journals, January 28, 1998^
- Lynn J. Cook. Holliday Fenoglio Fowler sold to U.S. Lend Lease subsidiary American City Business Journals, December 26, 1999^
- Holliday Fenoglio Fowler Completes Management Buy-Out From Lend Lease Real Estate Investments, Inc. Business Wire, June 18, 2003^
- HFF Announces Pricing of Initial Public Offering Business Wire, January 31, 2007^
- HFF IPO raises $257 mln, above range Reuters, January 30, 2007^
- HFF, INC. (HF) IPO NASDAQ^
- CBRE Hires HFF Founders to Head its Debt and Equity Finance Services in Southwest National Real Estate Investor, March 26, 2012^
- Danny Ecker. JLL to buy brokerage HFF in $2 billion deal Crain's Chicago Business, 19 March 2019, retrieved April 26, 2019^
- Catherine Carlock. JLL closes $1.8B acquisition of rival HFF Boston Business Journal, 2 July 2019, retrieved July 11, 2019^