U.S. Markets closed

Featured Company News - HFF Procures $339 Million Financing for Five Point Gateway Office in Irvine, California

Research Desk Line-up: CoStar Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 15, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for HFF, Inc. (NYSE: HF) ("HFF"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=HF. The Company announced on August 12, 2017, that it has procured $339 million in financing for Five Point Gateway, a four-building office/R&D campus in Irvine, California. For immediate access to our complimentary reports, including today's coverage, register for free now at:


Discover more of our free reports coverage from other companies within the Property Management industry. Pro-TD has currently selected CoStar Group, Inc. (NASDAQ: CSGP) for due-diligence and potential coverage as the Company announced on July 26, 2017, its financial results for Q2 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on CoStar when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on HF; also brushing on CSGP. Go directly to your stock of interest and access today's free coverage at:



Borrower Acquiring the assets through Sale Leaseback with Broadcom Corp.

HFF worked solely on behalf of the borrower, a newly formed limited liability company, comprising a subsidiary of Five Point Holdings, LLC (FPH) holding a majority of the equity interest, and two other investors.

The borrower is acquiring the assets through a partial sale leaseback with investment-grade tenant, Broadcom Corporation. A five-year floating-rate loan was provided through Starwood Property Trust Inc. Broadcom Corporation is the project developer after it acquired the land for the purpose of building a corporate campus.

Five Point Gateway in Final Construction Stage

The four-building office, Five Point Gateway, is in the final stage of construction and will comprise more than one million square feet of office/R&D space.

The office is designed by renowned architecture firm Gensler. The buildings are located at 15101, 15131, 15161, and 15191 Alton Parkway and are part of the larger 72-acre Great Park Neighborhoods® master-planned community in the Irvine Spectrum submarket. The campus consists of a huge open park space with attractive landscaping, best-in-class new construction, and extensive amenities.

Broadcom plans to leaseback 15101 and 15191 Alton Parkway, totaling 640,944 square feet, or 64% of the total portfolio, on a triple-net basis. Other two buildings, 15131 and 15161, confirmed tenants will include Lennar Corporation and Five Point, with the remaining 232,223 square feet currently available for lease.

HFF Team

HFF team is constituted of Senior Managing Director, Kevin MacKenzie; Director, Lee Redmond; and Associate, Peter Thompson.

Lee Redmond stated:

"We are excited to have had the opportunity to advise Five Point and its partners on the acquisition of this best-in-class asset and source financing on their behalf. This transaction marks the beginning of Five Point's commercial operations in Irvine, and HFF is pleased to have been a part of this new endeavor."

Kevin MacKenzie mentioned:

"Starwood was able to differentiate themselves during the marketing process due to their ability to provide the most efficient pricing at optimal leverage with extremely flexible terms under a compressed time frame."

About HFF Inc.

Founded in 1982, Holliday Fenoglio Fowler, L.P. is a leading provider of commercial real estate and capital markets services to the commercial real estate industry in United States, United Kingdom, and Ireland. Holliday Fenoglio Fowler, together with its affiliate HFFS, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited are owned by HFF, Inc.

About Five Point

Headquartered in Aliso Viejo, California, Five Point is engaged in the designing and development of mixed-use, master-planned communities in coastal California. The Company is developing vibrant and sustainable communities in Orange County, Los Angeles County, and San Francisco County offering homes, commercial, retail, educational, and recreational elements.

Last Close Stock Review

HFF Inc.'s share price finished yesterday's trading session at $37.14, climbing 1.34%. A total volume of 217.14 thousand shares have exchanged hands, which was higher than the 3-month average volume of 162.75 thousand shares. The Company's stock price soared 20.55% in the last three months, 27.19% in the past six months, and 43.79% in the previous twelve months. Additionally, the stock surged 29.63% since the start of the year. Shares of the Company have a PE ratio of 16.80 and currently have a market cap of $1.45 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily