HFF Announces Pricing of Initial Public Offering.

PITTSBURGH -- HFF, Inc. (NYSE:HF) announced yesterday the pricing of the initial public offering of 14.3 million shares of its Class A common stock at a price of $18.00 per share.

The shares are expected to commence trading today, January 31, 2007, on the New York Stock Exchange under the symbol "HF". The underwriters also have an option for a period of 30 days to purchase up to 2,145,000 additional shares of Class A common stock to cover over-allotments, if any.

The joint book-running managers for the initial public offering are Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated, and the co-managers for this offering are Banc of America Securities LLC, Wachovia Capital Markets, LLC, J.P. Morgan Securities Inc. and Lehman Brothers Inc.

A copy of the final prospectus relating to this offering may be obtained from Morgan Stanley & Co. Incorporated, Attn: Prospectus Delivery Department at 1585 Broadway, New York, NY 10036, by telephone at [phone], or by email at [e-mail]; or from Goldman, Sachs & Co., Attn: Prospectus Dept. at 85 Broad St., New York, NY 10004, by fax at [phone] or by email at [e-mail].

The final prospectus, when it is available, also may be obtained on the Securities and Exchange Commission's Web site at http://www.sec.gov.

About HFF

Through its subsidiaries Holliday Fenoglio Fowler, L.P. and HFF Securities L.P., HFF operates out of 18 offices nationwide and is a provider of commercial real estate and capital market services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sale and note sales advisory services and commercial loan servicing.