• Thu, Sep. 22, 4:23 PM
    • Working on behalf of the borrower (longtime client Westwood Financial), HFF (NYSE:HF) arranged $210M in loans for 10 multi-tenant retail centers totaling nearly 1M square feet in a number of states.
    | Thu, Sep. 22, 4:23 PM
  • Mon, Sep. 12, 4:31 PM
    • Church Park is a 508-unit luxury apartment community with 74K square feet of retail in Boston's Back Bay. Working on behalf of The United Company Apartments, HFF (NYSE:HF) secured a $200M fixed-rate loan through a national insurance company and a $65M co-terminous mezzanine loan through JPMorgan Asset Management.
    | Mon, Sep. 12, 4:31 PM
  • Tue, Sep. 6, 4:34 PM
    • The 504-unit multifamily community is located in Nanuet, NY. HFF (NYSE:HF) worked on behalf of the seller (AvalonBay), and the $147M deal is one of the largest apartment deals ever in Rockland County.
    | Tue, Sep. 6, 4:34 PM
  • Thu, Aug. 25, 12:20 PM
    • Commercial real estate transaction volumes of $254.25B for year's first seven months, fell 15.4% from the same period in 2015, according to Real Capital Analytics (RCA). In July, $30.08 of deals was down 25% from a year earlier.
    • Cap rates (except for hotels), however, continue to slide.
    • As to whether there's a bubble, CBRE's (NYSE:CBG) Spencer Levy says no. as fundamentals across markets and asset classes remain strong. Levy also cites an influx of foreign buyers, noting their cost of capital is low and they're patient investors (but don't foreigners always pour in at the top?).
    • Canaccord's Ryan Meliker isn't so sure about a non-bubble, noting teeny cap rates are a function of invisible interest rates. If rates can't stay low forever, than cap rates have to rise.
    • One major source of demand has backed off: U.S. REITs' purchase volume fell 64% Y/Y in the first half vs. an 11% increase for institutional investors.
    • RCA's Jim Costello sums up the bull case: Would an investor rather buy European bonds with negative yield, stick money in a bank vault, or buy some apartment towers which may face plenty of competition, but still generate some return on investment.
    • Source: SNL Financial's Tom Yeatts, Jake Mooney and Chris Hudgins
    • Tickers of note: WD, HF, STWD, MMI
    | Thu, Aug. 25, 12:20 PM | 7 Comments
  • Tue, Jul. 26, 10:31 AM
    • The commercial property market slowed down in Q2, and CEO Mark Gibson expects some of the headwinds to continue in the second half of the year.
    • Q2 company revenues of $117.7M slipped 5.9% Y/Y, and operating income of $17.6M fell 31.6%.
    • Adjusted EBITDA of $28M fell 20.8% Y/Y.
    • Total transaction volume of $17.1B and 528 deals vs. $18.8B and 549 deals a year ago.
    • All this came amid a quick pace of hiring, with total employment of 863 up 13.9% Y/Y. Transaction professionals of 311 up 8.7%.
    • HF -7.6%
    • Previously: HFF misses by $0.10, misses on revenue (July 25)
    | Tue, Jul. 26, 10:31 AM
  • Mon, Jul. 25, 6:43 PM
    • HFF (NYSE:HF): Q2 EPS of $0.41 misses by $0.10.
    • Revenue of $117.7M (-5.8% Y/Y) misses by $6.86M.
    • Press Release
    | Mon, Jul. 25, 6:43 PM
  • Thu, Jul. 14, 4:22 PM
    • Closed is the sale of the high-street retail building housing Bijan on Rodeo Drive. Bijan is a fashion house catering to the jet set on an appointment-only basis.
    • HFF (NYSE:HF) marketed the property on behalf of a confidential seller.
    • It's been a busy 2016 in L.A. for HFF, with this sale following the sale of Runway Plaza Vista, as well as high-street retail deals on Melrose Avenue and Melrose Place.
    | Thu, Jul. 14, 4:22 PM
  • Mon, Jun. 20, 4:27 PM
    | Mon, Jun. 20, 4:27 PM
  • Mon, Jun. 20, 2:57 PM
    • U.S. commercial real estate prices could fall as much as 5% in the next year thanks to tightened regulations, a wave of debt maturities, and property sales from publicly-traded REITs, says Pimco.
    • The shakeout will be a welcome one for those with capital ready to put to work, say portfolio managers John Murray and Anthony Clarke in their report titled, "U.S. Real Estate: A Storm Is Brewing."
    • Commercial real estate prices coming off of a big post-crisis boom have declined 3% in the past three months, according to Moody's and Real Capital Analytics, and real estate deals in NYC are forecast to decline up to 30% this year, according to Cushman & Wakefield.
    • Interested parties include: Walker & Dunlop (NYSE:WD), HFF (NYSE:HF), iStar (NYSE:STAR), Ladder Capital (NYSE:LADR), Resource Capital (NYSE:RSO)
    | Mon, Jun. 20, 2:57 PM | 11 Comments
  • Thu, Jun. 16, 4:21 PM
    • Working on behalf of the seller, HFF (NYSE:HF) brokered the sale of River East Center, a 251K square-foot, mixed-use, parking, urban entertainment and retail destination in the Streeterville area of downtown Chicago.
    • Source: Press Release
    | Thu, Jun. 16, 4:21 PM
  • Thu, May 26, 10:45 AM
    • The Phoenix office will be HFF's (NYSE:HF) 23rd U.S. location. The operation will be led by senior managing director Jeremy Womack, who will relocate from HFF's Austin office.
    • Source: Press Release
    | Thu, May 26, 10:45 AM
  • Wed, May 25, 4:32 PM
    • After a slow Q1 (the slowest since Q4 of 2012), commercial property prices grew 0.9% in Q1 for the value-weighted U.S. Composite Index, according to CoStar Group.
    • Transaction volume has become more volatile though, with composite pair volume of $33.4B through the end of April, down 92.% from a year ago.
    • Other measures are showing strength, with the average time on the market down 19.7% Y/Y, and the sale-price-to-asking-price ratio narrowing by 2.9 percentage points to 94.3% - the highest this ratio has been since August 2006. The share of properties withdrawn from the market by discouraged sellers fell 8.8 percentage points to 30.9%.
    • Interested parties: Walker & Dunlop (NYSE:WD), HFF (NYSE:HF), iStar (NYSE:STAR), Ladder Capital (NYSE:LADR)
    | Wed, May 25, 4:32 PM
  • Thu, Apr. 28, 4:36 PM
    • Q1 net income of $13.9M or $0.36 per share vs. $9.4M and $0.25 one year ago. Adjusted EBITDA of $24.7M up 38.6% Y/Y. Adjusted EBITDA margin of 21% up 210 basis points. Revenue of $117.53M up 24.7%.
    • Debt placement volume of $9.54B up 21.7% Y.Y. Investment sales volume of $8.2B up 46.5%. Total transaction volume of $18.7B up 31.5%. Average transaction size of $36M up 20.8%.
    • Total employment of 834 associates up 13.9% Y/Y. Transaction professionals of 303 up 5.9%.
    • Conference call at 6 ET
    • Previously: HFF beats by $0.09, beats on revenue (April 28)
    • HF flat after hours
    | Thu, Apr. 28, 4:36 PM
  • Thu, Apr. 28, 4:24 PM
    • HFF (NYSE:HF): Q1 EPS of $0.36 beats by $0.09.
    • Revenue of $117.5M (+24.6% Y/Y) beats by $15.13M.
    • Press Release
    | Thu, Apr. 28, 4:24 PM
  • Tue, Apr. 19, 4:23 PM
    | Tue, Apr. 19, 4:23 PM
  • Tue, Apr. 12, 4:24 PM
    | Tue, Apr. 12, 4:24 PM