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Newmark Absorbs Altus Group’s Development Advisory Division

Newmark Group has finalized the acquisition of the Development Advisory business from Altus Group Limited, integrating approximately 335 professionals into its existing Project Management platform. The deal marks a strategic expansion for the commercial real estate firm, broadening its reach across North American and Asia Pacific markets.

Newmark Absorbs Altus Group’s Development Advisory Division
Photo: Bio & News

The addition of these specialists bolsters Newmark’s Occupier Solutions division, providing the firm with enhanced capabilities in project strategy, feasibility studies, and risk analysis. By absorbing the Altus Group team, Newmark secures a deeper bench of expertise to assist institutional investors and developers in navigating complex real estate life cycles.

This transaction builds on a previous move earlier this year, when Newmark acquired Altus’ Canadian Appraisal business in March 2026. With revenues exceeding $3.6 billion for the twelve-month period ending June 30, 2026, Newmark continues to scale its global footprint, which currently spans over 195 offices and more than 10,000 personnel worldwide.

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