---
title: "Altus Group agrees to sell development advisory business to Newmark affiliate"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294820547.md"
description: "Altus Group has agreed to sell its Development Advisory business to a Newmark affiliate, with the transaction expected to close on September 1, 2026. The deal encompasses operations in North America and Asia Pacific, affecting approximately 335 employees who will report to Peter Trollope. Additionally, Newmark expanded its ARGUS Intelligence agreement with Altus to include ARGUS Assist."
datetime: "2026-08-04T12:03:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294820547.md)
  - [en](https://longbridge.com/en/news/294820547.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294820547.md)
generator: "portal-rs"
---

# Altus Group agrees to sell development advisory business to Newmark affiliate

-   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. © Copyright 2026 - Public Technologies (PUBT)

### Related Stocks

- [NMRK.US](https://longbridge.com/en/quote/NMRK.US.md)

## Related News & Research

- [Newmark Group (NMRK) CEO Transition Tests the Firm’s Expansion and Recurring-Revenue Strategy](https://longbridge.com/en/news/296223336.md)
- [Newmark buys Germany’s L+P Immobilienbewertung to expand European valuation advisory business](https://longbridge.com/en/news/295173752.md)
- [Carvana Stock Pops as Mark Walter Share Sale Concerns Fade](https://longbridge.com/en/news/296398191.md)
- [Intuitive Surgical EVP and Chief Manufacturing and Supply Chain Officer Mark Brosius disposes of 231 common shares for $91,024.13](https://longbridge.com/en/news/296404414.md)
- [What’s next for Alibaba as US$56 billion AI spending plan hits halfway mark?](https://longbridge.com/en/news/296625047.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**