Altus Group Sells Advisory Business to Newmark Group

MT newswire2026/09/01 18:41

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02:41 PM EDT, 09/01/2026 (MT Newswires) -- Altus Group's (AIF.TO) sale of its development advisory business to Nasdaq-listed Newmark Group (NMRK) for an undisclosed price is complete, the buyer said on Tuesday.. The sale, announced early August, will see 335 development advisory professionals based in North America and Asia Pacific join Newmark's project management business, a statement said. Newmark also acquired Altus' Canadian appraisals business in March. Altus Group shares were last seen down C$0.32 to C$46.67 on the Toronto Stock Exchange. Price: 46.67, Change: -0.32, Percent Change: -0.68

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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41