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| Annual volume was down by more than $20 billion at a Pennsylvania-based commercial mortgage firm.Fourth-quarter commercial volume at HFF Inc. was approximately 75 transactions for $2.7 billion, a press release today indicated. Volume slid from 167 units for $5.0 billion in the third quarter and $6.8 billion a year earlier.
Activity reflected debt placement, investment sales, structured finance and loan sales. The Pittsburgh-based firm said that full-year 2008 volume was more than 600 transactions for $19.2 billion. Activity fell from $43.5 billion during 2007. HFF, which is parent to Holliday Fenoglio Fowler, L.P., said its commercial mortgage servicing portfolio was more than 2,000 loans for $24.5 billion as of Dec. 31. The servicing portfolio was slightly higher than $24.3 billion reported for three months earlier and $23.2 billion at the end of 2007. HFF’s president and chief executive officer is John H. Pelusi Jr., while its chief financial officer is Gregory R. Conley and its chief operating officer is Nancy O. Goodson. |
