Commercial real estate services provider Newmark Group Inc. purchased the assets of HVS Inc., which operates under the name Hopkins Appraisal Services.

Hopkins is headquartered in Overland Park, Kan., and has a professional workforce of about 40 employees. It specializes in the appraisal of restaurants and retail petroleum facilities.

Hopkins President David Hatutian and COO Brock Rule will lead the new specialty vertical for Newmark Knight Frank Valuation & Advisory's practice.