Altus Group agrees to sell development advisory business to Newmark affiliate

Reuters2026/08/04 12:03

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Altus Group agreed to sell its Development Advisory business to an affiliate of Newmark, with closing expected on Sept. 1, 2026.
The deal covers Development Advisory operations in North America and Asia Pacific, involving about 335 employees.
Newmark expanded its multi-year ARGUS Intelligence agreement with Altus to add ARGUS Assist, an AI conversational interface.
Staff transferring to Newmark will report to Peter Trollope, Global Head of Occupier Solutions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Altus Group Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608040800PRIMZONECNPR____9803191) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Altus Group agrees to sell development advisory business to Newmark affiliate

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