Altus Group Limited – a provider of commercial real estate (CRE) intelligence – has signed a definitive agreement to sell its Development Advisory business to an affiliate of Newmark Group, Inc.
The transaction is expected to close on 1st September 2026, and includes Altus’ Development Advisory operations in North American and Asia Pacific.
“The sale of our Development Advisory business to Newmark marks the successful completion of our planned divestitures for the year and results in Altus being a much more focused company.
“Having already entrusted our Canadian Appraisal business to Newmark in March of 2026, we are confident the Development Advisory team and capabilities will continue to thrive under their ownership.
“For Altus, it sharpens our focus on our market leading valuation solutions, which we’re enhancing with AI, analytics, data and market experts to ensure our clients always have the best information to make better real estate decisions.”
Mike Gordon, Chair and CEO, Altus
Newmark has expanded its multi-year ARGUS Intelligence agreement with Altus Group to include ARGUS Assist, the AI-powered conversational interface. ARGUS Assist enables users to ask about an asset or portfolio, and it draws on relevant models, workflows and data to generate insights, further enhancing the tools available to Newmark professionals in serving clients.
“We look forward to welcoming Altus’ Development Advisory team to Newmark’s Management Services business. Their deep market expertise, client relationships, and development advisory capabilities are a strong complement to our platform.
“We are also excited to start leveraging ARGUS Assist, which will help our professionals generate insights more efficiently and deliver even greater value to clients.
“Complex analytical work that previously took days can now be surfaced in moments.”
Roger Anscher, Chief Administrative Officer, Newmark
Altus’ Development Advisory business has approximately 335 employees across Canada, US, Australia and Thailand. The employees joining Newmark through the acquisition will report to Peter Trollope, Global Head of Occupier Solutions at Newmark.
“Development advisory is increasingly critical as clients navigate more complex decisions around capital investment, project delivery and the performance of their real estate.
“The Altus business brings deep cost management and advisory expertise in infrastructure and large-scale development, diversifying our project management business from both a client and asset perspective and providing the foundation for a global cost management practice.
“With leading talent across major markets in Canada, the US, Australia and Thailand, the addition reflects our commitment to targeted expansion and strategic investment in the expertise our clients need.”
Peter Trollope, Global Head of Occupier Solutions, Newmark
