Newmark Closes Acquisition of Altus Group's Development Advisory Business
Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark” or the “Company”), a leading commercial real estate advisor and service provider to large institutional investors, global corporations and other owners and occupiers, today announced it has acquired the Development Advisory business of Altus Group Limited (“Altus Group”).
The acquisition brings approximately 335 Development Advisory professionals based in North America and Asia Pacific to Newmark’s Project Management business, which is part of its Occupier Solutions platform, adding deep market expertise, longstanding client relationships and specialized capabilities that support owners, investors and developers throughout the development lifecycle. The acquired business provides strategic advisory services across areas including development feasibility, project strategy, cost and risk analysis and other complex real estate development decisions.
This acquisition follows the March 2026 acquisition by Newmark of Altus’ Canadian Appraisal business.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leading commercial real estate advisor and service provider to large institutional investors and other owners, global corporations and other occupiers, and lenders. Built with purpose and driven by excellence, Newmark’s comprehensive platform is uniquely tailored to provide superior outcomes to clients across the industry. For the twelve months ended June 30, 2026, Newmark generated revenues of more than $3.6 billion. As of June 30, 2026, Newmark and its business partners together operated from over 195 offices with more than 10,000 professionals across four continents.
Learn more at nmrk.com or follow @newmark.
Source : Newmark Group, Inc.
