Newmark Closes Acquisition of Altus Group's Development Advisory Business

Newmark (Nasdaq: NMRK) announced it has closed the acquisition of the Development Advisory business of Altus Group.

Rhea-AI Summary

Newmark (Nasdaq: NMRK) announced it has closed the acquisition of the Development Advisory business of Altus Group. The transaction adds approximately 335 Development Advisory professionals in North America and Asia Pacific to Newmark's Project Management business within its Occupier Solutions platform.

The acquired unit offers strategic advisory services including development feasibility, project strategy, cost and risk analysis and support for complex real estate development decisions for owners, investors and developers. This deal follows Newmark's March 2026 acquisition of Altus' Canadian Appraisal business. For the twelve months ended June 30, 2026, Newmark generated revenues of more than $3.6 billion and, as of that date, operated from over 195 offices with more than 10,000 professionals across four continents.

Positive

• Acquisition adds ~335 professionals to Project Management across North America and Asia Pacific
• Expands Occupier Solutions platform with development feasibility, strategy, and cost/risk advisory services
• Builds on March 2026 Altus Canadian Appraisal acquisition, deepening relationship with Altus Group

Negative

• None.

Argus Sep 1 session 1 alert

-1.41% close to close 1.9x rel. volume Open Argus

Details

News Market Reaction – NMRK

$2.74B Mkt Cap at Peak Alert

On Sep 1, the day this news came out, NMRK closed 1.41% below the previous close. Relative volume reached 1.9x the daily average during tracking.

Data tracked by StockTitan Argus for the Sep 1 session.

Key Figures

Professionals Added: approximately 335 professionals Revenue: more than $3.6 billion Offices: over 195 offices +1 more

Professionals Added

approximately 335 professionals

Acquired Development Advisory business

Revenue

more than $3.6 billion

Twelve months ended June 30, 2026

Offices

over 195 offices

As of June 30, 2026

Professionals

more than 10,000 professionals

As of June 30, 2026

Previous Acquisition Reports

5 past events · Latest: Aug 06

Same Type 5 events

1. Aug 06

   European acquisition

   24h Move

   -3.7%

   International valuation expansion followed the acquisition of a German advisory firm.

2. May 05

   Portfolio financing

   24h Move

   +4.4%

   Newmark arranged financing for a 19-property logistics portfolio acquisition.

3. Apr 20

   Healthcare REIT acquisition

   24h Move

   -2.4%

   Newmark advised Blue Owl on a $2.4 billion healthcare REIT acquisition.

4. Apr 06

   Retail property acquisition

   24h Move

   -0.1%

   Empire State Realty Trust acquired a Williamsburg retail property and arranged refinancing.

5. Dec 02

   Office building acquisition

   24h Move

   +0.3%

   Empire State Realty Trust agreed to acquire the Scholastic Building in SoHo.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

development feasibility, forward-looking statements

2 terms

development feasibility technical

"including development feasibility, project strategy, cost and risk analysis"

An assessment of whether a proposed product, project, or drug can be taken from idea to market given technical, clinical, regulatory, manufacturing, timeline and cost constraints. It combines scientific feasibility (can it be made and shown to work), regulatory feasibility (can it meet approval rules), and commercial/manufacturing feasibility (can it be produced and sold at scale). Investors track it because it summarizes the practical risks, time, and likely costs that determine whether a development effort can succeed and create value.

forward-looking statements regulatory

"Statements in this document regarding Newmark that are not historical facts are"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Sept. 1, 2026 /PRNewswire/ -- 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.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

View original content to download multimedia:https://www.prnewswire.com/news-releases/newmark-closes-acquisition-of-altus-groups-development-advisory-business-302866629.html

SOURCE Newmark Group, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Newmark (Nasdaq: NMRK) acquire from Altus Group in September 2026?

Newmark acquired Altus Group's Development Advisory business. According to Newmark, this unit provides strategic advisory services for development feasibility, project strategy, cost and risk analysis and complex real estate development decisions, now integrated into Newmark's Project Management business within its Occupier Solutions platform.

How many Altus Development Advisory employees are joining Newmark (NMRK)?

Approximately 335 Development Advisory professionals are joining Newmark. According to Newmark, these employees are based in North America and Asia Pacific and will become part of its Project Management business, enhancing expertise and client coverage across the full real estate development lifecycle.

How does the Altus Development Advisory acquisition fit Newmark's Occupier Solutions strategy?

The acquisition adds development advisory capabilities to Newmark's Occupier Solutions platform. According to Newmark, the business joins its Project Management segment, bringing deep market expertise, longstanding client relationships and lifecycle support for owners, investors and developers on development feasibility, strategy, and cost and risk analysis.

What services will Newmark offer through the acquired Development Advisory business?

Newmark will offer strategic development advisory services. According to Newmark, these include development feasibility assessments, project strategy, cost analysis, risk analysis and guidance on other complex real estate development decisions, supporting owners, investors and developers throughout the development lifecycle.

How large is Newmark (NMRK) in revenue and scale around the time of the Altus deal?

Newmark reported more than $3.6 billion in revenue for the twelve months ended June 30, 2026. According to Newmark, it operated from over 195 offices with more than 10,000 professionals across four continents as of June 30, 2026.

What earlier Altus-related acquisition did Newmark complete before this Development Advisory deal?

Newmark previously acquired Altus Group's Canadian Appraisal business in March 2026. According to Newmark, the September 2026 purchase of the Development Advisory unit follows that earlier transaction, further extending the relationship between the two companies in valuation and advisory services.