Halferty Development Company (HDC) was founded in 1980 by James L. Halferty for the purpose of developing mid-rise office buildings and neighborhood shopping centers to be retained as long-term investment properties. To date, HDC has developed 650,000 square feet of class "A" office space and over 2,000,000 square feet of retail commercial space. HDC assumes the responsibility for the acquisition, planning, entitlement, construction, financing and leasing of all Company projects.

Halferty Management Company (HMC) was formed in 1983 to provide asset management services for HDC projects. In 1988, HMC was expanded to provide these services for commercial properties independent of Company-owned projects.