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Newmark expands Development Advisory via Altus acquisition, broadening global capabilities

Sep 1, 2026, 1:31 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Strategic extension of advisory services and cross-sell opportunities can enhance revenue stability; near-term stock response hinges on price of the deal and integration timing.

AI summary

What happened, with direct paths to the underlying reporting

Newmark Group announced the acquisition of Altus Group's Development Advisory unit, adding about 335 professionals in North America and APAC to its Project Management team within Occupier Solutions. The deal, following Altus' Canadian Appraisal purchase in March 2026, expands Newmark's end-to-end development advisory capabilities and could drive cross-sell opportunities and revenue growth beyond the current $3.6B trailing base.

Newmark acquires Altus Group's Development Advisory; adds ~335 professionals.
expands Project Management within Occupier Solutions; adds feasibility, strategy, and cost/risk analysis.
Follows March 2026 Altus Canadian Appraisal deal; broadens end-to-end development support.
TTM revenue >$3.6B as of June 30, 2026; 195+ offices; >10,000 professionals.

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