Newmark Acquires Altus Group’s Development Advisory Business
NEW YORK, Sept. 1, 2026 /CourierPR/ -- Newmark, a prominent commercial real estate advisory firm, has completed the acquisition of the Development Advisory business from Altus Group Limited, a leading real estate services company. The deal adds approximately 335 Development Advisory professionals across North America and Asia Pacific to Newmark’s Project Management business, a key component of its Occupier Solutions platform.
This strategic move enhances Newmark's existing capabilities, bringing in deep market expertise, longstanding client relationships, and specialized development advisory services. The acquired business offers comprehensive strategic advisory services, including development feasibility, project strategy, cost and risk analysis, and other complex real estate development decisions.
The acquisition marks the latest in a series of expansions for Newmark. In March 2026, the company had already integrated Altus Group's Canadian Appraisal business into its operations. The new addition is expected to bolster Newmark's position in the commercial real estate market, providing clients with a more robust suite of services.
"We are thrilled to welcome the Development Advisory team from Altus Group to the Newmark family," said David C. Loeb, CEO of Newmark. "This acquisition aligns perfectly with our strategy to strengthen our service offerings and deepen our market presence. Our clients will benefit from a more comprehensive range of services, enabling them to navigate the complexities of real estate development with greater ease."
Newmark, which operates from over 195 offices worldwide with more than 10,000 professionals across four continents, continues to expand its global footprint. For the twelve months ending June 30, 2026, the company generated revenues of more than $3.6 billion. The acquisition of Altus Group's Development Advisory business is poised to further solidify Newmark’s position as a leading commercial real estate advisor and service provider.
"This acquisition underscores our commitment to delivering innovative solutions and unparalleled service to our clients," added Loeb. "We look forward to leveraging the expertise and relationships of the Development Advisory team to drive success for our clients and continue to deliver exceptional outcomes in the real estate market."
The integration of the Development Advisory business is expected to enhance Newmark's ability to support owners, investors, and developers throughout the development lifecycle, providing them with the strategic insights necessary to make informed decisions.