Altus Group Announces Sale of its Development Advisory Business to Newmark
Source: Financial Post· GlobeNewswire· August 4, 2026
SynaBot summary
Altus Group is selling its Development Advisory division to Newmark. This move signals a strategic shift for Altus, focusing more on its core CRE intelligence and analytics software, including the widely used ARGUS platform.
Key takeaways
- Altus Group divests development advisory services.
- Newmark acquires significant CRE advisory expertise.
- Altus sharpens focus on CRE intelligence software.
- Industry consolidation may alter service offerings.
Why it matters
This acquisition means Newmark gains significant development advisory capabilities, potentially integrating them with their existing real estate services. Professionals relying on CRE data and analytics should monitor how these combined offerings impact market insights and decision-making tools.
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