Newmark has finalized its acquisition of the Development Advisory business from Altus Group, a strategic move to strengthen its Project Management operations within the company’s broader Occupier Solutions platform. This acquisition marks a significant milestone for Newmark, as it will now integrate approximately 335 skilled professionals based in North America and Asia Pacific into its team.
The Development Advisory business Newmark acquired specializes in providing expert counsel to owners, developers, and investors on various aspects of real estate development. Their services include in-depth assessments of development feasibility, strategic project planning, comprehensive cost analysis, risk management, and guidance on making intricate development decisions. This expertise will strengthen Newmark’s ability to deliver high-quality solutions and advice tailored to the complex challenges its clients face in the evolving real estate landscape.
This transaction builds upon Newmark’s recent expansion efforts, particularly following its acquisition of Altus Group’s Canadian Appraisal business in March 2026. By acquiring both segments, Newmark aims to strengthen its service offerings and enhance its position within the competitive market.
As a testament to its robust business model, Newmark reported impressive financial performance, generating over $3.6 billion in revenue over the 12-month period ending June 30, 2026.
The organization operates an extensive network of more than 195 offices and employs over 10,000 professionals globally, all dedicated to providing exceptional service and expertise to clients across various sectors. This acquisition is expected to further solidify Newmark’s reputation as a leader in the real estate services industry.
