Newmark Group Acquires Hopkins Appraisal Services

Interior of a modern urban restaurant in the morning sunlight.

NEW YORK CITY – Newmark Group, Inc., an operator and full-service commercial real estate services firm under Newmark Knight Frank, has announced its acquired valuation company HVS, a subsidiary of Hopkins Appraisal Services. The acquisition will add restaurant and retail petroleum specialty asset classes to Newmark’s valuation and advisory practice.

“Hopkins is a recognized leader in the restaurant and retail petroleum valuation space. We are thrilled to add them to the V&A specialty practice lines we’ve created under the formidable leaders we’ve brought to NKF,” said NKF Valuation & Advisory President John Busi in a prepared statement. “As our company continues to transform to a data-driven, expert-based, professional services firm, we were also attracted to the deep retail database that Hopkins brings to NKF.”