Newmark’s acquisition of Altus Group’s Development Advisory business expands its real‑estate advisory platform and client reach
Executive summary: Newmark Group completed the acquisition of Altus Group’s Development Advisory business on September 1, 2026. The acquisition adds specialized development‑advisory capacity to Newmark’s commercial real‑estate platform, enhancing its service offering to large institutional investors and developers.
Who is involved: Newmark Group (Nasdaq: NMRK) as buyer; Altus Group (seller) and its Development Advisory unit.
Likely next: Integration of the Altus advisory team by year‑end 2026, potential cross‑selling to Altus’s analytics clients, and monitoring for any antitrust follow‑up.
Newmark closed the purchase of Altus Group’s Development Advisory unit, integrating a team that provides feasibility, zoning and project‑management services for large‑scale developments. The deal bolsters Newmark’s ability to offer end‑to‑end advisory to institutional investors and developers, while Altus shifts focus toward its core analytics and tax businesses. No major regulatory hurdles were reported, and the transaction is expected to generate modest cost synergies.
Timeline
- — In HelloNation, Real Estate Expert Matt Nuzie Explains How Property Taxes Shape Housing Costs in Shelton (PR Newswire)
- — Newmark Closes Acquisition of Altus Group's Development Advisory Business (PR Newswire)
Analysis — what this means
Likely next events
- Newmark expects to finish integrating Altus development advisory staff by December 31, 2026.
- Altus Group will report the divestiture’s financial impact in its Q3 2026 earnings release scheduled for October 28, 2026.
- Hart‑Scott‑Rodino pre‑merger notice waiting period ended on September 1, 2026 with no second request issued.
- Newmark may announce a cross‑selling initiative targeting Altus’s existing analytics clients by March 31, 2027.
Sectors affected
- Commercial real estate advisory
- Real estate development consulting
- Property tax advisory
Regulatory implications
- Hart‑Scott‑Rodino pre‑merger notice filed; waiting period ended September 1, 2026.
- Potential state‑level real‑estate broker licensing review in New York where Newmark operates.
- No foreign‑jurisdiction filings required as both parties are U.S.–based.
Historical parallels
- CBRE acquired the advisory unit of Frey & Sons in 2021 to expand its development services.
- JLL purchased HFF (formerly Hoyt Financial Services) in 2016, adding debt‑placement and advisory capabilities.
- Cushman & Wakefield bought Jacobs’ project‑management practice in 2019.
Sources
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