Newmark Group Expands Its Service Offering with Altus Group Acquisition

Newmark's Strategic Acquisition of Altus Group's Development Advisory Business

In a significant move aimed at strengthening its position in the commercial real estate sector, Newmark Group, Inc. (Nasdaq: NMRK) announced on September 1, 2026, that it has acquired the Development Advisory division of Altus Group Limited. This strategic acquisition brings approximately 335 highly skilled professionals based in North America and Asia Pacific into Newmark's fold, enhancing its Project Management business within the Occupier Solutions platform.

Adding Expertise and Capabilities

The addition of these experts is set to deepen Newmark's market expertise and expand its capabilities in providing tailored services to its clients. The newly acquired Development Advisory business specializes in offering strategic advisory services that cover essential areas in the real estate development lifecycle, including development feasibility, project strategy, cost and risk analysis, and supporting complex real estate development decisions.

Newmark’s CEO stated that acquiring Altus's Development Advisory business not only enhances their service offering but also signifies their commitment to providing high-quality, comprehensive solutions for owners, investors, and developers. The integration of these new professionals is anticipated to be seamless, thanks to their existing expertise and long-standing client relationships, which can only fortify Newmark's position in the market.

This acquisition comes on the heels of Newmark's earlier purchase of Altus Group's Canadian Appraisal business in March 2026, showcasing an ongoing strategy to bolster its capabilities through targeted acquisitions.

The Vision Behind Newmark

Newmark Group, Inc. has positioned itself as a leading commercial real estate advisory and service provider with a dedicated focus on large institutional investors and global corporations. With revenues exceeding $3.6 billion for the twelve months ending June 30, 2026, Newmark has built an expansive operational footprint, boasting over 195 offices and more than 10,000 professionals across four continents. Their comprehensive platform is designed to cater to a diverse clientele, ensuring superior outcomes across various facets of the real estate industry.

In summary, the acquisition of Altus Group's Development Advisory business not only represents a strategic expansion for Newmark but also underscores its commitment to excellence and innovation in the commercial real estate advisory space. The collaboration with Altus Group is expected to yield best-in-class advisory services, reinforcing Newmark's mission to deliver value and success to its clients while driving growth in a competitive market.

Looking Ahead

As Newmark integrates the new teams and expertise, stakeholders and clients can expect an enriched service experience that reflects the company's values of purpose and excellence. This acquisition is a testament to Newmark's proactive approach to business evolution, paving the way for future opportunities and robust service delivery.

For more information on Newmark and its services, visit nmrk.com or follow them on social media at @newmark.