KOVA Companies Announces Sale of Carlson Norris to BBG

Naples, Florida — KOVA Companies, a leading commercial real estate firm headquartered in Southwest Florida, today announced the sale of its subsidiary, KOVA Appraisal & Consulting Services, LLC, doing business as Carlson Norris, to BBG Real Estate Services—the nation’s largest independent commercial real estate valuation and assessment firm.

This strategic transaction marks a significant milestone for both organizations, positioning Carlson Norris for its next phase of growth while continuing its longstanding reputation for excellence, integrity, and client-focused service.

Founded in 1985, Carlson Norris has become a trusted name in real estate appraisal and consulting throughout Southwest Florida, serving a diverse portfolio of clients that includes commercial lenders, institutional investors, developers, and government entities. Since its acquisition by KOVA Companies in 2019, the firm has expanded its service capabilities and strengthened its presence across the Florida commercial real estate market.

As part of the transaction, Michael Jonas will remain with the firm as Managing Director, leading Carlson Norris/BBG into its next chapter in partnership with BBG Real Estate Services. Anthony Emma, CEO of KOVA Companies, will transition out of the appraisal business following the sale to focus on expanding KOVA’s core divisions—KOVA Commercial Group and KOVA Property Management.

“Partnering with BBG represents an exciting new chapter for our firm,” said Michael Jonas, Managing Director of Carlson Norris. “Their national platform, advanced technology, and extensive resources will enable us to enhance client service, expand our capabilities, and continue delivering trusted real estate valuation solutions throughout Florida. I’m grateful for Anthony’s leadership and the foundation we’ve built together under KOVA Companies.”

“It has been an honor to help build Carlson Norris into what it is today,” added Anthony Emma, CEO of KOVA Companies. “With this sale, KOVA Companies is able to redeploy capital and resources into our core business segments—commercial brokerage and property management—ensuring continued growth and leadership in Southwest Florida’s commercial real estate sector. I’m confident Michael and BBG will continue to elevate the Carlson Norris legacy.”

“This acquisition accomplishes two major strategic goals for BBG,” said Bill Britain, CEO of BBG Real Estate Services. “Mike Jonas’s expertise immediately strengthens our government and municipal valuation capabilities, while the new Fort Myers office fills a critical geographic gap, expanding our reach across Southwest Florida and enhancing service for our national and regional clients.”

The transaction closed on October 31, 2025. Financial terms were not disclosed.

About Carlson Norris

Carlson Norris is a trusted real estate appraisal and consulting firm based in Fort Myers and Naples, Florida. The firm provides comprehensive property valuation, market analysis, and advisory services across the state, delivering accurate, data-driven insights that support sound investment and development decisions.

About BBG Real Estate Services

BBG Real Estate Services is a national leader in commercial real estate valuation, advisory, and assessment services. With offices across the U.S., BBG provides clients with research-driven solutions and industry expertise to support informed real estate decisions. Learn more at www.bbgres.com.

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