8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) : June 15, 2007

HFF, Inc.

(Exact name of Registrant as specified in its charter)

Delaware
(State or Other Jurisdiction
of Incorporation or Organization) 001-33280
(Commission File Number) 51-0610340
(I.R.S. Employer
Identification No.)

One Oxford Centre
301 Grant Street, Suite 600
Pittsburgh, Pennsylvania 15219
(412) 281-8714

(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

 Press Release dated June 15, 2007

Item 7.01 Regulation FD Disclosure.

On June 15, 2007, HFF, Inc. (the “Company”) issued a press release announcing results of the Company’s annual meeting held June 5, 2007 and reporting a clarification and resulting revision to its previously reported production volume data related primarily to the private equity discretionary fund volume in the Company’s Securities platform. A copy of the press release is attached as Exhibit 99.1 and incorporated herein by reference.

The Company is furnishing the press release pursuant to the Securities and Exchange Commission’s Regulation FD. This information is furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section unless we specifically incorporate it by reference in a document filed under the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Exchange Act of 1933, as amended, except as previously set forth by specific reference in such a filing.

By filing this report on Form 8-K and furnishing this information, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release, dated June 15, 2007, announcing results of 2007 stockholder meeting and clarification in securities business volume.

Signature

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HFF, INC.
Dated: June 18, 2007	By:	/s/ Gregory R. Conley
		Gregory R. Conley
		Chief Financial Officer

EXHIBIT INDEX

Exhibit Number		Description
	99.1	Press Release, dated June 15, 2007, announcing results of 2007 stockholder meeting and clarification in securities business volume.

EX-99.1

Exhibit 99.1

June 15, 2007

Contacts:
JOHN H. PELUSI JR.	GREGORY R. CONLEY	MYRA F. MOREN
Chief Executive Officer	Chief Financial Officer	Director, Investor Relations
(412) 281-8714	(412) 281-8714	(713) 852-3500
jpelusi@hfflp.com	gconley@hfflp.com	mmoren@hfflp.com

HFF, Inc. announces results of 2007 stockholder meeting
and clarification in Securities business volume

PITTSBURGH, PA — HFF, Inc. (NYSE: HF) reported today that at the company’s annual meeting, held June 5^th, stockholders re-elected three directors and ratified the appointment of Ernst & Young LLP as independent, registered auditors for HFF, Inc.’s 2007 fiscal year.

     Re-elected as Class I directors (with terms that expire in 2010) by the stockholders were: John Z. Kukral, Deborah H. McAneny and board vice-chairman, John H. Pelusi, Jr.

     HFF also reported a clarification and resulting revision to its previously reported production volume data related primarily to the private equity discretionary fund volume in the company’s Securities platform. The Securities platform primarily captures the company’s private equity discretionary fund-raising activities and also includes various corporate finance capital raising and advisory services. In its earnings releases, HFF reported production volume for each of its capital markets platform services and, in an effort to provide better clarity regarding the reported private equity discretionary fund volume in the Securities platform, is changing the method in which this volume will be reported in the future. The company will no longer measure and report discretionary fund volume as it had in the past, but rather will refer to it as the amount of active private equity discretionary fund transactions on which it has been engaged and may recognize additional future revenue.

     The table at the end of this press release provides the previously reported volume data and the revised volume data incorporating the changes. Note that the reported volume data is provided for informational purposes only, is unaudited and is estimated based on the company’s internal database. This volume data is maintained in a proprietary database, CapTrack, which records clients, capital sources and select data for transactions that have closed and are currently in process. In addition, this volume data is separate and distinct

HFF, Inc. announces results of 2007 stockholder meeting
and clarification in Securities business volume

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from the company’s financial accounting systems that are used to produce its financial statements and reported earnings. As such, there is no change to the company’s previously reported earnings or in the way it recognizes and reports revenues or earnings related to the Securities platform business activities or any of its other platform businesses.

     Based on the clarification and using the methodology described above, HFF had previously under-reported the amount of active private equity discretionary fund volumes for the years ended December 31, 2005 and 2006 as well as the first quarters ended March 31, 2006 and 2007. This change has also necessitated a revision to the volumes reported for the Structured Finance platform. Additionally, due to different survey and marketing format variances, the company may also report its Securities platform business activities in various industry publications using different measurement methodologies from those outlined above.

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HFF, Inc. announces results of 2007 stockholder meeting
and clarification in Securities business volume

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Production Volume by Platform
Comparison of Previously Reported Volumes to Revised Volumes
(dollars in millions)

	Previously Reported Volumes
	Year Ended								Three Months Ended
	December 31,								March 31,
	2005				2006				2007				2006
Volume:
Platform	Volume		No. of Deals		Volume		No. of Deals		Volume		No. of Deals		Volume		No. of Deals
Debt Placement	$	22,028		1,152	$	22,116		1,010	$	5,344		262	$	3,783		211
Investment Sales		7,606		188		10,141		186		4,287		47		2,452		47
Structured Finance		1,886		119		2,858		95		496		27		358		23
Note Sale & Note Sale Advisory		94		4		414		2		117		2		—		—
Private Equity Discretionary Funds		165		9		927		7		1,070		5		50		1
Total Transaction Volume		31,779		1,472		36,456		1,300		11,314		343		6,643		282
Average Transaction Size	$	22			$	28			$	33			$	24
Loan Servicing Portfolio Balance	$	14,890		1,539	$	18,025		1,752	$	19,018		1,840	$	15,180		1,605

	Revised Volumes
	Year Ended										Three Months Ended
	December 31,										March 31,
	2005					2006					2007				2006
Volume:
Platform	Volume		No. of Deals			Volume			No. of Deals		Volume		No. of Deals		Volume			No. of Deals
Debt Placement	$	22,028		1,152		$	22,116			1,010	$	5,344		262	$	3,783			211
Investment Sales		7,606		188			10,141			186		4,287		47		2,452			47
Structured Finance		1,886		119			2,715			95		501		28		208			22
Note Sale & Note Sale Advisory		94		4			414			2		117		2		—		—
Total Transaction Volume		31,614		1,463			35,386			1,293		10,249		339		6,443			280
Average Transaction Size	$	22				$	27				$	30			$	23
Private Equity Discretionary Funds	$	766		5		$	1,316			8	$	1,316		8	$	816			6
Loan Servicing Portfolio Balance	$	14,890		1,539		$	18,025			1,752	$	19,018		1,840	$	15,180			1,605
Difference in Previously Reported v Revised Volume
Private Equity Discretionary Funds	$	601		(4	)	$	389			1	$	246		3	$	766			5
Structured Finance	$	—		—		$	(143	)		—	$	5		1	$	(150	)		(1	)

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and clarification in Securities business volume

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

Certain statements in this press release are “forward-looking statements” within the meaning of the federal securities laws. Statements about our beliefs and expectations and statements containing the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend” and similar expressions constitute forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested in forward-looking statements in this earnings press release. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Any forward-looking statements speak only as of the date of this earnings press release and, except to the extent required by applicable securities laws, the Company expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. Factors that could cause results to differ materially include, but are not limited to: (1) general economic conditions and commercial real estate market conditions; (2) the Company’s ability to retain and attract transaction professionals; (3) the Company’s ability to retain its business philosophy and partnership culture and other risks associated with our transformation to a public company; (4) competitive pressures; (5) risks related to our organizational structure; and (6) other factors discussed in our public filings, including the risk factors included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2006.

Additional information concerning factors that may influence HFF, Inc.’s financial information is discussed under “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Quantitative and Qualitative Disclosures About Market Risk” and “Forward-Looking Statements” in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2007, as well as in the Company’s press releases and other periodic filings with the Securities and Exchange Commission. Such information and filings are available publicly and may be obtained from the Company’s web site at www.hfflp.com or upon request from the HFF, Inc. Investor Relations Department at investorrelations@hfflp.com.

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