Acquiring Company
Newmark
Acquired Company
Altus Group’s Development Advisory Business
New York
TorontoFinancial ServicesSoftwareAdvertisingReal EstateReal Estate InvestmentProperty ManagementCommercial Real EstateSoftwareReal EstateAnalyticsProperty ManagementDescription
Newmark Group, Inc. has announced its acquisition of Altus Group's Canadian Appraisals business, enhancing its Valuation & Advisory services. The deal is expected to close around March 1, 2026, and includes a software licensing agreement for ARGUS Intelligence. This acquisition marks a strategic expansion for Newmark in the Canadian market, aiming to strengthen recurring revenue streams.
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Frequently asked
Who acquired Altus Group’s Development Advisory Business?
Altus Group’s Development Advisory Business was acquired by Newmark, based in New York. The deal was reported on February 17, 2026. Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark is publicly traded (NMRK) and operates in Financial Services.
When did Newmark acquire Altus Group’s Development Advisory Business?
Newmark's acquisition of Altus Group’s Development Advisory Business was reported on February 17, 2026. Newmark Group, Inc. has announced its acquisition of Altus Group's Canadian Appraisals business, enhancing its Valuation & Advisory services. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Altus Group’s Development Advisory Business do?
The Development Advisory business specializes in guiding owners, developers, and investors in real estate development. They provide services such as feasibility assessments, strategic project planning, and risk management. It is privately held, operating in Software, and is based in Toronto.
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